Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-16-2022

Nov 16, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:06 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.854

$6.034

-2.98%

-$0.180

17,413

 

 

WTI

$85.71

$86.92

-1.39%

-$1.21

74,515

 

 

Brent

$92.98

$93.86

-0.94%

-$0.88

8,690

 

 

ULSD

$3.612

$3.641

-0.81%

-$0.030

3,947

 

 

RBOB

$2.496

$2.516

-0.80%

-$0.020

3,890

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.86

$7.61

3.29%

$0.25

Jan-23

 

 

3:2:1 Crack

$32.70

$32.17

1.66%

$0.53

Dec-22

 

 

PJM West Spark

$71.84

$67.88

5.84%

$3.96

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

11/15/22

11/14/22

% Change

Change

10/18/22

% Change

11/16/21

% Change

 

 

PJM West On Peak

Dec-22

$84.36

$80.79

4.42%

$3.57

$91.07

-7.37%

$50.99

65.46%

 

 

ERCOT North On Peak

Dec-22

$54.89

$53.36

2.88%

$1.53

$55.22

-0.59%

$41.76

31.44%

 

 

CAISO SP 15 On Peak

Dec-22

$92.21

$96.47

-4.42%

-$4.27

$90.62

1.75%

$67.20

37.21%

 

 

MISO Indiana On Peak

Dec-22

$78.60

$75.35

4.33%

$3.26

$85.88

-8.47%

$49.36

59.24%

 

 

NEISO Mass On Peak

Dec-22

$151.62

$146.11

3.77%

$5.50

$174.44

-13.09%

$90.37

67.77%

 

 

WECC Mid C On Peak

Dec-22

$115.00

$118.20

-2.70%

-$3.20

$101.62

13.17%

$76.17

50.99%

 

 

NYISO Zone G On Peak

Dec-22

$108.80

$105.49

3.14%

$3.31

$114.65

-5.10%

$67.14

62.05%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/15/22

11/14/22

% Change

Change

10/18/22

% Change

11/16/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$6.034

$5.933

1.70%

$0.10

$6.24

-3.25%

$4.31

40.06%

 

 

Houston Ship Channel

Dec-22

-$0.881

-$0.769

14.61%

-$0.11

-$0.33

168.30%

$0.06

-1699.09%

 

 

Chicago

Dec-22

$0.201

$0.313

55.57%

-$0.11

$0.12

74.65%

$0.18

11.41%

 

 

Waha

Dec-22

-$1.309

-$1.348

-2.89%

$0.04

-$1.73

-24.19%

-$0.24

455.54%

 

 

Algonquin

Dec-22

$9.827

$10.068

-2.39%

-$0.24

$13.84

-29.02%

$5.52

78.12%

 

 

Aeco

Dec-22

-$1.384

-$1.561

-11.36%

$0.18

-$1.97

-29.65%

-$0.97

43.02%

 

 

Socal

Dec-22

$2.067

$2.145

-3.64%

-$0.08

$1.67

24.08%

$0.93

121.28%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/15/22

11/14/22

% Change

Change

10/18/22

% Change

11/16/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.875

$0.873

0.29%

$0.00

$0.83

5.40%

$0.99

-11.90%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.877

$0.871

0.80%

$0.01

$0.82

6.83%

$0.99

-11.37%

 

 

Mt. Belview Ethane

Dec-22

$0.412

$0.427

-3.59%

-$0.02

$0.40

2.50%

$0.34

20.02%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.606

$1.628

-1.33%

-$0.02

$1.61

-0.07%

$1.59

0.95%

 

 

Mt. Belvieu Butane LST

Dec-22

$1.016

$1.026

-0.98%

-$0.01

$0.95

7.53%

$1.10

-7.88%

 

 

Conway Propane

Dec-22

$0.928

$0.925

0.36%

$0.00

$0.86

8.28%

$1.05

-11.17%

 

 

Conway Nat. Gasoline

Dec-22

$1.695

$1.718

-1.34%

-$0.02

$1.64

3.43%

$1.60

6.24%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/15/22

11/14/22

% Change

Change

10/18/22

% Change

11/16/21

% Change

 

 

WTI

Jan-23

$86.25

$85.16

1.26%

$1.09

$81.29

6.10%

$70.61

22.15%

 

 

Brent

Jan-23

$93.86

$93.14

0.77%

$0.72

$88.60

5.94%

$74.60

25.82%

 

 

WCS

Jan-23

-$28.29

-$28.75

-1.63%

$0.46

-$29.31

-3.49%

-$16.85

67.89%

 

 

LLS

Jan-23

$86.11

$88.19

-2.41%

-$2.08

$82.91

3.87%

$71.61

20.25%

 

 

Mars

Jan-23

$81.32

$79.71

1.98%

$1.61

$76.74

5.97%

$67.76

20.02%

 

 

Sour

Jan-23

$81.54

$80.84

0.85%

$0.69

$78.22

4.24%

$68.34

19.31%

 

 

ESPO

Jan-23

$87.03

$89.24

-2.53%

-$2.20

$83.17

4.64%

$72.42

20.18%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/15/22

11/14/22

% Change

Change

10/18/22

% Change

11/16/21

% Change

 

 

NY Heating Oil

Dec-22

$3.65

$3.55

2.59%

$0.09

$3.63

0.58%

$2.29

59.49%

 

 

NY Gasoline

Dec-22

$2.52

$2.53

-0.40%

-$0.01

$2.42

4.05%

$2.03

23.98%

 

 

GC Gasoline

Dec-22

$2.42

$2.43

-0.41%

-$0.01

$2.32

4.22%

$1.93

25.22%

 

 

GC Jet

Dec-22

$2.97

$3.05

-2.49%

-$0.08

$3.36

-11.38%

$2.07

43.86%

 

 

Chicago Ethanol

Dec-22

$2.33

$2.36

-1.31%

-$0.03

$2.27

2.78%

$1.98

17.87%

 

 

Rotterdam Gasoil

Dec-22

$941.97

$931.85

1.09%

$10.13

$967.87

-2.68%

$607.63

55.02%

 

 

Singapore Jet Kero

Dec-22

$120.30

$122.95

-2.15%

-$2.64

$121.13

-0.68%

$86.19

39.57%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/15/22

11/14/22

% Change

Change

10/18/22

% Change

11/16/21

% Change

 

 

Henry Hub Straddle

Jan-23

120.27%

124.76%

-3.60%

-4.49%

113.65%

5.82%

47.68%

152.24%

 

 

Algonquin Straddle

Jan-23

143.09%

142.42%

0.47%

0.67%

141.25%

1.30%

57.58%

148.51%

 

 

Waha Straddle

Jan-23

149.10%

151.04%

-1.28%

-1.94%

138.54%

7.62%

48.83%

205.35%

 

 

Chicago Straddle

Jan-23

106.81%

113.29%

-5.72%

-6.48%

109.26%

-2.24%

49.83%

114.35%

 

 

PJM West Straddle

Jan-23

123.81%

125.83%

-1.61%

-2.02%

124.52%

-0.57%

52.47%

135.96%

 

 

SP – 15 Straddle

Jan-23

136.63%

174.24%

-21.59%

-37.61%

118.44%

15.36%

21.49%

535.78%

 

 

Mid. C Straddle

Jan-23

254.09%

245.26%

3.60%

8.83%

176.36%

44.07%

45.84%

454.30%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/15/22

11/14/22

% Change

Change

10/18/22

% Change

11/16/21

% Change

 

 

Dutch TTF

Jan-23

EUR 127.71

EUR 123.69

3.25%

EUR 4.02

EUR 145.60

-12.28%

EUR 42.59

199.87%

 

 

NBP

Jan-23

GBP 330.00

GBP 326.25

1.15%

GBP 3.75

GBP 384.00

-14.06%

GBP 115.77

185.05%

 

 

German Base

Jan-23

EUR 317.00

EUR 291.76

8.65%

EUR 25.24

EUR 453.70

-30.13%

EUR 124.10

155.44%

 

 

UK Base

Jan-23

GBP 506.94

GBP 580.84

-12.72%

-GBP 73.90

GBP 848.69

-40.27%

GBP 109.75

361.90%

 

 

French Base

Jan-23

EUR 863.48

EUR 852.32

1.31%

EUR 11.15

EUR 1,159.67

-25.54%

EUR 123.98

596.48%

 

 

Italian Base

Jan-23

EUR 340.74

EUR 350.58

-2.81%

-EUR 9.84

EUR 361.77

-5.81%

EUR 121.72

179.93%

 

 

JKM LNG

Jan-23

$30.32

$28.97

4.68%

$1.36

$30.29

0.10%

$16.37

85.23%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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