Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-15-2022

Nov 15, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:45 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.916

$5.933

-0.29%

-$0.017

21,496

 

 

WTI

$85.18

$85.87

-0.80%

-$0.69

119,979

 

 

Brent

$92.50

$93.14

-0.69%

-$0.64

12,933

 

 

ULSD

$3.608

$3.544

1.81%

$0.064

6,956

 

 

RBOB

$2.517

$2.529

-0.44%

-$0.011

6,773

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.79

$7.98

-2.38%

-$0.19

Jan-23

 

 

3:2:1 Crack

$32.97

$32.06

2.84%

$0.91

Dec-22

 

 

PJM West Spark

$68.17

$67.40

1.13%

$0.76

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

11/14/22

11/11/22

% Change

Change

10/17/22

% Change

11/15/21

% Change

 

 

PJM West On Peak

Dec-22

$80.79

$80.10

0.87%

$0.69

$97.64

-17.26%

$51.31

57.45%

 

 

ERCOT North On Peak

Dec-22

$53.36

$54.27

-1.68%

-$0.91

$58.21

-8.33%

$41.81

27.63%

 

 

CAISO SP 15 On Peak

Dec-22

$96.47

$84.05

14.78%

$12.42

$88.29

9.27%

$65.25

47.86%

 

 

MISO Indiana On Peak

Dec-22

$75.35

$73.29

2.80%

$2.05

$92.34

-18.40%

$49.69

51.64%

 

 

NEISO Mass On Peak

Dec-22

$146.11

$145.85

0.18%

$0.26

$178.41

-18.10%

$92.52

57.93%

 

 

WECC Mid C On Peak

Dec-22

$118.20

$101.84

16.06%

$16.36

$95.83

23.34%

$72.97

61.98%

 

 

NYISO Zone G On Peak

Dec-22

$105.49

$103.85

1.58%

$1.64

$120.07

-12.14%

$68.66

53.64%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/14/22

11/11/22

% Change

Change

10/17/22

% Change

11/15/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$5.933

$5.879

0.92%

$0.05

$6.48

-8.43%

$4.30

38.07%

 

 

Houston Ship Channel

Dec-22

-$0.769

-$0.728

5.62%

-$0.04

-$0.34

129.08%

$0.06

-1416.44%

 

 

Chicago

Dec-22

$0.313

$0.289

-7.67%

$0.02

$0.05

500.77%

$0.19

64.82%

 

 

Waha

Dec-22

-$1.348

-$1.388

-2.88%

$0.04

-$1.76

-23.46%

-$0.24

468.23%

 

 

Algonquin

Dec-22

$10.068

$9.766

3.09%

$0.30

$14.22

-29.20%

$5.74

75.26%

 

 

Aeco

Dec-22

-$1.561

-$1.864

-16.27%

$0.30

-$2.00

-21.77%

-$0.97

60.38%

 

 

Socal

Dec-22

$2.145

$2.175

-1.38%

-$0.03

$1.58

35.80%

$0.94

128.62%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/14/22

11/11/22

% Change

Change

10/17/22

% Change

11/15/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.873

$0.883

-1.14%

-$0.01

$0.80

8.39%

$1.01

-13.50%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.871

$0.879

-0.94%

-$0.01

$0.81

7.48%

$0.95

-8.43%

 

 

Mt. Belview Ethane

Dec-22

$0.427

$0.430

-0.56%

$0.00

$0.40

7.50%

$0.34

24.94%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.628

$1.665

-2.23%

-$0.04

$1.60

1.74%

$1.57

3.49%

 

 

Mt. Belvieu Butane LST

Dec-22

$1.026

$1.043

-1.63%

-$0.02

$0.93

10.56%

$1.08

-4.71%

 

 

Conway Propane

Dec-22

$0.925

$0.940

-1.57%

-$0.01

$0.85

8.69%

$1.00

-7.68%

 

 

Conway Nat. Gasoline

Dec-22

$1.718

$1.764

-2.62%

-$0.05

$1.65

4.37%

$1.53

12.31%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/14/22

11/11/22

% Change

Change

10/17/22

% Change

11/15/21

% Change

 

 

WTI

Jan-23

$85.16

$88.16

-3.52%

-$3.00

$83.51

1.98%

$70.47

20.85%

 

 

Brent

Jan-23

$93.14

$95.99

-3.06%

-$2.85

$90.18

3.28%

$74.37

25.24%

 

 

WCS

Jan-23

-$28.75

-$28.75

0.00%

$0.00

-$27.01

6.44%

-$15.06

90.93%

 

 

LLS

Jan-23

$88.19

$88.68

-0.56%

-$0.49

$84.56

4.30%

$71.86

22.73%

 

 

Mars

Jan-23

$79.71

$82.52

-3.53%

-$2.82

$78.36

1.72%

$67.89

17.41%

 

 

Sour

Jan-23

$80.84

$84.82

-4.92%

-$3.98

$79.89

1.19%

$68.08

18.75%

 

 

ESPO

Jan-23

$89.24

$89.60

-0.41%

-$0.36

$85.29

4.63%

$72.63

22.86%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/14/22

11/11/22

% Change

Change

10/17/22

% Change

11/15/21

% Change

 

 

NY Heating Oil

Dec-22

$3.55

$3.57

-0.42%

-$0.02

$3.70

-4.00%

$2.27

56.91%

 

 

NY Gasoline

Dec-22

$2.53

$2.62

-3.36%

-$0.09

$2.45

3.18%

$2.03

24.47%

 

 

GC Gasoline

Dec-22

$2.43

$2.52

-3.50%

-$0.09

$2.35

3.32%

$1.93

25.74%

 

 

GC Jet

Dec-22

$3.05

$2.95

3.25%

$0.10

$3.53

-13.64%

$2.05

48.83%

 

 

Chicago Ethanol

Dec-22

$2.36

$2.39

-1.30%

-$0.03

$2.26

4.61%

$1.93

22.42%

 

 

Rotterdam Gasoil

Dec-22

$931.85

$933.94

-0.22%

-$2.09

$979.79

-4.89%

$587.66

58.57%

 

 

Singapore Jet Kero

Dec-22

$122.95

$123.40

-0.37%

-$0.46

$121.43

1.24%

$83.93

46.49%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/14/22

11/11/22

% Change

Change

10/17/22

% Change

11/15/21

% Change

 

 

Henry Hub Straddle

Dec-22

116.43%

120.12%

-3.07%

-3.69%

106.23%

9.60%

41.84%

178.27%

 

 

Algonquin Straddle

Dec-22

124.28%

129.91%

-4.33%

-5.63%

147.15%

-15.54%

56.55%

119.77%

 

 

Waha Straddle

Dec-22

163.65%

176.28%

-7.16%

-12.63%

132.49%

23.52%

42.94%

281.11%

 

 

Chicago Straddle

Dec-22

114.35%

115.26%

-0.79%

-0.91%

110.60%

3.39%

41.27%

177.08%

 

 

PJM West Straddle

Dec-22

112.54%

105.28%

6.90%

7.26%

101.86%

10.48%

40.19%

180.02%

 

 

SP – 15 Straddle

Dec-22

253.82%

158.93%

59.71%

94.89%

157.46%

61.20%

25.59%

891.87%

 

 

Mid. C Straddle

Dec-22

338.95%

262.80%

28.98%

76.15%

343.81%

-1.41%

36.91%

818.31%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/14/22

11/11/22

% Change

Change

10/17/22

% Change

11/15/21

% Change

 

 

Dutch TTF

Dec-22

EUR 116.91

EUR 98.50

18.69%

EUR 18.41

EUR 151.00

-22.58%

EUR 41.07

184.69%

 

 

NBP

Dec-22

GBP 288.17

GBP 230.00

25.29%

GBP 58.17

GBP 385.50

-25.25%

GBP 108.47

165.67%

 

 

German Base

Dec-22

EUR 219.51

EUR 218.70

0.37%

EUR 0.82

EUR 344.15

-36.22%

EUR 113.72

93.02%

 

 

UK Base

Dec-22

GBP 316.43

GBP 235.54

34.35%

GBP 80.90

GBP 521.82

-39.36%

GBP 105.77

199.17%

 

 

French Base

Dec-22

EUR 507.66

EUR 496.25

2.30%

EUR 11.40

EUR 1,091.56

-53.49%

EUR 126.34

301.83%

 

 

Italian Base

Dec-22

EUR 317.07

EUR 257.00

23.37%

EUR 60.07

EUR 371.61

-14.68%

EUR 122.26

159.34%

 

 

JKM LNG

Dec-22

$28.97

$24.74

17.07%

$4.22

$31.99

-9.44%

$16.90

71.39%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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