Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-14-2022

Nov 14, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:35 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.354

$5.879

8.08%

$0.475

29,414

 

 

WTI

$87.68

$88.96

-1.44%

-$1.28

92,599

 

 

Brent

$94.84

$95.99

-1.20%

-$1.15

8,471

 

 

ULSD

$3.621

$3.555

1.85%

$0.066

7,345

 

 

RBOB

$2.584

$2.610

-1.00%

-$0.026

5,956

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.97

$7.83

1.79%

$0.14

Jan-23

 

 

3:2:1 Crack

$32.63

$31.71

2.92%

$0.93

Dec-22

 

 

PJM West Spark

$66.56

$67.95

-2.05%

-$1.39

Dec-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

11/11/22

779

9

223

11/12/21

 

 

Canada

11/11/22

200

-9

32

11/12/21

 

 

International

Oct

911

32

111

Sept

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 11/1/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

90,645

90,182

90,323

-141

 

 

PJM West Off Peak

91,062

90,265

90,741

-476

 

 

Natural Gas Henry Hub

447,654

431,214

438,286

-7,072

 

 

WTI – Light Sweet Crude Futures

145,267

117,219

111,957

5,262

 

 

Brent Crude Last Day

143,165

134,177

138,948

-4,771

 

 

NYM Ethanol

22,338

21,553

22,018

-465

 

 

Mt Belvieu LDH Propane Swap

137,669

136,575

136,665

-90

 

 

RBOB

236,286

215,505

224,279

-8,774

 

 

HSC Basis

587,983

585,566

578,079

7,487

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

11/10/17

 

 

 

11/4/22

10/28/22

Net Change

% Change

11/5/21

% Change

5 Year Avg.

% Change

 

 

East

865

848

17

2.00%

897

-3.57%

904

-4.34%

 

 

Midwest

1,068

1,042

26

2.50%

1,075

-0.65%

1,081

-1.24%

 

 

Mountain

208

204

4

1.96%

213

-2.35%

213

-2.26%

 

 

Pacific

247

247

0

0.00%

258

-4.26%

290

-14.89%

 

 

South

1,193

1,160

33

2.84%

1,175

1.53%

1,171

1.91%

 

 

    Salt

311

299

12

4.01%

324

-4.01%

319

-2.51%

 

 

    Non_Salt

882

861

21

2.44%

850

3.76%

851

3.59%

 

 

Total

3,580

3,501

79

2.26%

3,618

-1.05%

3,659

-2.16%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

11/11/22

11/10/22

% Change

Change

10/14/22

% Change

11/12/21

% Change

 

 

PJM West On Peak

Dec-22

$80.10

$80.53

-0.54%

-$0.43

$104.30

-23.21%

$51.03

56.96%

 

 

ERCOT North On Peak

Dec-22

$54.27

$53.20

2.01%

$1.07

$62.49

-13.16%

$41.87

29.62%

 

 

CAISO SP 15 On Peak

Dec-22

$84.05

$92.81

-9.44%

-$8.76

$94.32

-10.88%

$63.86

31.62%

 

 

MISO Indiana On Peak

Dec-22

$73.29

$74.84

-2.07%

-$1.55

$98.64

-25.70%

$49.38

48.43%

 

 

NEISO Mass On Peak

Dec-22

$145.85

$143.19

1.86%

$2.66

$196.94

-25.94%

$90.06

61.95%

 

 

WECC Mid C On Peak

Dec-22

$101.84

$113.12

-9.97%

-$11.28

$106.00

-3.92%

$74.61

36.50%

 

 

NYISO Zone G On Peak

Dec-22

$103.85

$100.67

3.16%

$3.19

$135.30

-23.25%

$67.29

54.34%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/11/22

11/10/22

% Change

Change

10/14/22

% Change

11/12/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$5.879

$6.239

-5.77%

-$0.36

$6.83

-13.89%

$4.26

38.10%

 

 

Houston Ship Channel

Dec-22

-$0.728

-$0.676

7.71%

-$0.05

-$0.34

116.19%

$0.05

-1465.67%

 

 

Chicago

Dec-22

$0.289

$0.280

-3.08%

$0.01

$0.06

380.87%

$0.20

46.33%

 

 

Waha

Dec-22

-$1.388

-$1.363

-1.83%

-$0.02

-$1.78

-22.19%

-$0.21

552.75%

 

 

Algonquin

Dec-22

$9.766

$10.316

-5.33%

-$0.55

$16.19

-39.69%

$5.39

81.06%

 

 

Aeco

Dec-22

-$1.864

-$1.593

17.03%

-$0.27

-$2.11

-11.48%

-$0.97

92.96%

 

 

Socal

Dec-22

$2.175

$2.159

0.72%

$0.02

$1.52

43.16%

$0.92

136.18%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/11/22

11/10/22

% Change

Change

10/14/22

% Change

11/12/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.883

$0.865

2.03%

$0.02

$0.82

6.97%

$1.01

-13.05%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.879

$0.866

1.44%

$0.01

$0.83

5.69%

$0.97

-9.68%

 

 

Mt. Belview Ethane

Dec-22

$0.430

$0.397

8.41%

$0.03

$0.42

2.62%

$0.34

26.98%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.665

$1.574

5.77%

$0.09

$1.67

-0.19%

$1.57

6.34%

 

 

Mt. Belvieu Butane LST

Dec-22

$1.043

$1.016

2.68%

$0.03

$1.00

4.67%

$1.10

-4.98%

 

 

Conway Propane

Dec-22

$0.940

$0.921

2.02%

$0.02

$0.86

8.87%

$1.07

-12.18%

 

 

Conway Nat. Gasoline

Dec-22

$1.764

$1.674

5.37%

$0.09

$1.71

3.22%

$1.56

13.09%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/11/22

11/10/22

% Change

Change

10/14/22

% Change

11/12/21

% Change

 

 

WTI

Jan-23

$88.16

$85.66

2.84%

$2.50

$83.55

5.52%

$70.47

25.10%

 

 

Brent

Jan-23

$95.99

$93.67

2.42%

$2.32

$90.15

6.48%

$74.36

29.09%

 

 

WCS

Jan-23

-$28.75

-$28.32

1.49%

-$0.43

-$29.02

-0.93%

-$15.56

84.74%

 

 

LLS

Jan-23

$88.68

$87.43

1.42%

$1.26

$84.41

5.06%

$70.15

26.42%

 

 

Mars

Jan-23

$82.52

$79.83

3.26%

$2.69

$78.46

5.18%

$66.45

24.19%

 

 

Sour

Jan-23

$84.82

$81.18

4.29%

$3.64

$80.32

5.61%

$68.08

24.58%

 

 

ESPO

Jan-23

$89.60

$88.08

1.69%

$1.52

$87.29

2.65%

$70.93

26.32%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/11/22

11/10/22

% Change

Change

10/14/22

% Change

11/12/21

% Change

 

 

NY Heating Oil

Dec-22

$3.57

$3.58

-0.17%

-$0.01

$3.61

-1.05%

$2.29

55.92%

 

 

NY Gasoline

Dec-22

$2.62

$2.56

2.19%

$0.06

$2.46

6.26%

$2.04

28.49%

 

 

GC Gasoline

Dec-22

$2.52

$2.46

2.28%

$0.06

$2.36

6.52%

$1.94

29.96%

 

 

GC Jet

Dec-22

$2.95

$2.95

0.10%

$0.00

$3.43

-13.75%

$2.07

42.62%

 

 

Chicago Ethanol

Dec-22

$2.39

$2.39

-0.21%

$0.00

$2.28

4.82%

$1.91

25.13%

 

 

Rotterdam Gasoil

Dec-22

$933.94

$941.77

-0.83%

-$7.84

$956.98

-2.41%

$620.79

50.44%

 

 

Singapore Jet Kero

Dec-22

$123.40

$119.78

3.03%

$3.63

$122.61

0.64%

$86.15

43.24%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/11/22

11/10/22

% Change

Change

10/14/22

% Change

11/12/21

% Change

 

 

Henry Hub Straddle

Dec-22

120.12%

103.90%

15.61%

16.22%

104.51%

14.94%

44.49%

169.99%

 

 

Algonquin Straddle

Dec-22

129.91%

132.65%

-2.07%

-2.74%

135.57%

-4.17%

51.57%

151.91%

 

 

Waha Straddle

Dec-22

176.28%

155.73%

13.20%

20.55%

123.51%

42.73%

46.73%

277.23%

 

 

Chicago Straddle

Dec-22

115.26%

99.22%

16.17%

16.04%

108.83%

5.91%

42.97%

168.23%

 

 

PJM West Straddle

Dec-22

105.28%

99.27%

6.05%

6.01%

99.46%

5.85%

42.77%

146.15%

 

 

SP – 15 Straddle

Dec-22

158.93%

186.68%

-14.87%

-27.75%

125.27%

26.87%

25.59%

521.06%

 

 

Mid. C Straddle

Dec-22

262.80%

271.11%

-3.07%

-8.31%

330.98%

-20.60%

35.89%

632.24%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/11/22

11/10/22

% Change

Change

10/14/22

% Change

11/12/21

% Change

 

 

Dutch TTF

Dec-22

EUR 98.50

EUR 109.00

-9.63%

-EUR 10.50

EUR 160.25

-38.53%

EUR 40.31

144.33%

 

 

NBP

Dec-22

GBP 230.00

GBP 257.00

-10.51%

-GBP 27.00

GBP 407.90

-43.61%

GBP 107.34

114.27%

 

 

German Base

Dec-22

EUR 218.70

EUR 247.00

-11.46%

-EUR 28.30

EUR 368.22

-40.61%

EUR 110.25

98.36%

 

 

UK Base

Dec-22

GBP 235.54

GBP 266.30

-11.55%

-GBP 30.77

GBP 570.16

-58.69%

GBP 104.43

125.55%

 

 

French Base

Dec-22

EUR 496.25

EUR 549.39

-9.67%

-EUR 53.14

EUR 1,127.25

-55.98%

EUR 119.40

315.61%

 

 

Italian Base

Dec-22

EUR 257.00

EUR 288.96

-11.06%

-EUR 31.96

EUR 388.82

-33.90%

EUR 121.84

110.94%

 

 

JKM LNG

Dec-22

$24.74

$25.84

-4.27%

-$1.10

$32.75

-24.45%

$15.63

58.26%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

11/12/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

1

1

1

652

235

-4

56.00%

-1.00%

 

 

Middle Atlantic

1

1

1

856

200

-57

30.00%

-6.00%

 

 

E N Central

0

0

0

826

117

-141

17.00%

-15.00%

 

 

W N Central

0

0

0

1,090

163

-28

18.00%

-3.00%

 

 

South Atlantic

29

14

20

2,114

212

-41

11.00%

-2.00%

 

 

E S Central

9

7

9

1,721

179

49

12.00%

3.00%

 

 

W S Central

27

18

17

2,887

461

334

19.00%

13.00%

 

 

Mountain

0

-2

-6

1,384

141

-11

11.00%

-1.00%

 

 

Pacific

0

-1

0

975

274

69

39.00%

8.00%

 

 

United States

9

5

6

1,424

221

10

18.00%

1.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/12/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

77

-77

-61

658

-254

28

NA

NA

 

 

Middle Atlantic

73

-68

-39

571

-187

121

NA

NA

 

 

E N Central

114

-44

-5

718

-122

138

NA

NA

 

 

W N Central

163

-11

40

768

-121

129

NA

NA

 

 

South Atlantic

24

-45

-37

257

-44

49

NA

NA

 

 

E S Central

41

-51

-45

348

-47

35

NA

NA

 

 

W S Central

34

-22

-10

150

-29

5

NA

NA

 

 

Mountain

167

25

65

663

-111

81

NA

NA

 

 

Pacific

125

44

57

357

-69

-31

NA

NA

 

 

United States

85

-26

-4

467

-98

62

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas * Power * NGL * Crude * Products * Vol Charts

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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