Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-17-2022

Nov 17, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:17 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.309

$6.200

1.76%

$0.109

21,773

 

 

WTI

$83.68

$85.59

-2.23%

-$1.91

31,218

 

 

Brent

$91.42

$92.86

-1.55%

-$1.44

9,557

 

 

ULSD

$3.554

$3.614

-1.66%

-$0.060

3,340

 

 

RBOB

$2.475

$2.508

-1.32%

-$0.033

3,310

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$8.17

$7.86

3.94%

$0.31

Jan-23

 

 

3:2:1 Crack

$32.69

$32.65

0.14%

$0.04

Dec-22

 

 

PJM West Spark

$70.69

$71.09

-0.58%

-$0.41

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

11/16/22

11/15/22

% Change

Change

10/19/22

% Change

11/17/21

% Change

 

 

PJM West On Peak

Dec-22

$84.18

$84.36

-0.21%

-$0.18

$88.15

-4.50%

$52.13

61.49%

 

 

ERCOT North On Peak

Dec-22

$52.43

$54.89

-4.49%

-$2.46

$55.27

-5.14%

$42.12

24.47%

 

 

CAISO SP 15 On Peak

Dec-22

$87.71

$92.21

-4.88%

-$4.50

$84.41

3.90%

$70.37

24.63%

 

 

MISO Indiana On Peak

Dec-22

$78.84

$78.60

0.30%

$0.23

$82.60

-4.56%

$50.57

55.89%

 

 

NEISO Mass On Peak

Dec-22

$150.99

$151.62

-0.41%

-$0.63

$165.80

-8.93%

$98.41

53.42%

 

 

WECC Mid C On Peak

Dec-22

$113.55

$115.00

-1.27%

-$1.46

$93.63

21.27%

$77.82

45.92%

 

 

NYISO Zone G On Peak

Dec-22

$110.36

$108.80

1.43%

$1.56

$113.08

-2.41%

$68.52

61.07%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/16/22

11/15/22

% Change

Change

10/19/22

% Change

11/17/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$6.200

$6.034

2.75%

$0.17

$5.93

4.59%

$4.26

45.47%

 

 

Houston Ship Channel

Dec-22

-$0.874

-$0.881

-0.85%

$0.01

-$0.26

230.91%

$0.06

-1654.45%

 

 

Chicago

Dec-22

$0.186

$0.201

8.17%

-$0.02

$0.09

100.43%

$0.21

-10.49%

 

 

Waha

Dec-22

-$1.428

-$1.309

-9.04%

-$0.12

-$1.67

-14.30%

-$0.24

499.66%

 

 

Algonquin

Dec-22

$10.916

$9.827

11.08%

$1.09

$12.86

-15.10%

$5.69

91.77%

 

 

Aeco

Dec-22

-$1.495

-$1.384

8.07%

-$0.11

-$1.69

-11.45%

-$1.01

47.47%

 

 

Socal

Dec-22

$2.159

$2.067

4.48%

$0.09

$1.62

33.60%

$0.94

129.87%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/16/22

11/15/22

% Change

Change

10/19/22

% Change

11/17/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.875

$0.875

0.00%

$0.00

$0.85

3.38%

$0.97

-10.16%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.867

$0.877

-1.21%

-$0.01

$0.85

2.04%

$0.99

-12.70%

 

 

Mt. Belview Ethane

Dec-22

$0.416

$0.412

1.03%

$0.00

$0.40

4.17%

$0.34

23.35%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.594

$1.606

-0.78%

-$0.01

$1.58

1.03%

$1.59

0.54%

 

 

Mt. Belvieu Butane LST

Dec-22

$1.001

$1.016

-1.47%

-$0.01

$0.98

2.30%

$1.10

-8.64%

 

 

Conway Propane

Dec-22

$0.913

$0.928

-1.68%

-$0.02

$0.89

2.61%

$1.04

-12.55%

 

 

Conway Nat. Gasoline

Dec-22

$1.663

$1.695

-1.90%

-$0.03

$1.63

1.80%

$1.59

4.55%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/16/22

11/15/22

% Change

Change

10/19/22

% Change

11/17/21

% Change

 

 

WTI

Jan-23

$85.00

$86.25

-1.47%

-$1.25

$83.42

1.89%

$69.37

22.53%

 

 

Brent

Jan-23

$92.86

$93.86

-1.08%

-$1.00

$90.56

2.54%

$73.21

26.84%

 

 

WCS

Jan-23

-$27.98

-$28.29

-1.10%

$0.31

-$24.22

15.55%

-$15.40

81.68%

 

 

LLS

Jan-23

$86.64

$86.11

0.61%

$0.53

$84.54

2.49%

$69.82

24.10%

 

 

Mars

Jan-23

$80.45

$81.32

-1.08%

-$0.87

$79.01

1.81%

$66.11

21.69%

 

 

Sour

Jan-23

$80.79

$81.54

-0.93%

-$0.75

$79.48

1.65%

$67.27

20.10%

 

 

ESPO

Jan-23

$87.39

$87.03

0.41%

$0.36

$84.54

3.37%

$70.79

23.45%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/16/22

11/15/22

% Change

Change

10/19/22

% Change

11/17/21

% Change

 

 

NY Heating Oil

Dec-22

$3.61

$3.65

-0.88%

-$0.03

$3.55

1.89%

$2.30

57.27%

 

 

NY Gasoline

Dec-22

$2.51

$2.52

-0.40%

-$0.01

$2.47

1.42%

$2.03

23.43%

 

 

GC Gasoline

Dec-22

$2.41

$2.42

-0.41%

-$0.01

$2.37

1.47%

$1.93

24.64%

 

 

GC Jet

Dec-22

$3.12

$2.97

4.74%

$0.14

$3.05

2.10%

$2.08

49.74%

 

 

Chicago Ethanol

Dec-22

$2.28

$2.33

-2.19%

-$0.05

$2.27

0.40%

$1.74

31.09%

 

 

Rotterdam Gasoil

Dec-22

$938.95

$941.97

-0.32%

-$3.02

$936.83

0.23%

$609.33

54.10%

 

 

Singapore Jet Kero

Dec-22

$121.81

$120.30

1.25%

$1.50

$116.60

4.47%

$84.85

43.55%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/16/22

11/15/22

% Change

Change

10/19/22

% Change

11/17/21

% Change

 

 

Henry Hub Straddle

Jan-23

118.09%

120.27%

-1.81%

-2.18%

113.01%

4.50%

53.79%

119.54%

 

 

Algonquin Straddle

Jan-23

143.74%

143.09%

0.45%

0.65%

130.93%

9.78%

63.53%

126.26%

 

 

Waha Straddle

Jan-23

144.45%

149.10%

-3.12%

-4.65%

126.21%

14.45%

54.65%

164.32%

 

 

Chicago Straddle

Jan-23

105.22%

106.81%

-1.49%

-1.59%

109.66%

-4.05%

52.45%

100.61%

 

 

PJM West Straddle

Jan-23

124.34%

123.81%

0.43%

0.53%

124.47%

-0.10%

53.64%

131.80%

 

 

SP – 15 Straddle

Jan-23

176.12%

136.63%

28.90%

39.49%

148.41%

18.67%

20.51%

758.70%

 

 

Mid. C Straddle

Jan-23

355.38%

254.09%

39.86%

101.29%

217.05%

63.73%

43.67%

713.79%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/16/22

11/15/22

% Change

Change

10/19/22

% Change

11/17/21

% Change

 

 

Dutch TTF

Jan-23

EUR 114.67

EUR 127.71

-10.21%

-EUR 13.04

EUR 146.37

-21.66%

EUR 43.13

165.85%

 

 

NBP

Jan-23

GBP 296.25

GBP 330.00

-10.23%

-GBP 33.75

GBP 379.50

-21.94%

GBP 115.61

156.25%

 

 

German Base

Jan-23

EUR 317.50

EUR 317.00

0.16%

EUR 0.50

EUR 431.85

-26.48%

EUR 124.79

154.44%

 

 

UK Base

Jan-23

GBP 466.02

GBP 506.94

-8.07%

-GBP 40.92

GBP 860.09

-45.82%

GBP 113.48

310.67%

 

 

French Base

Jan-23

EUR 750.38

EUR 863.48

-13.10%

-EUR 113.10

EUR 1,334.72

-43.78%

EUR 132.54

466.16%

 

 

Italian Base

Jan-23

EUR 295.86

EUR 340.74

-13.17%

-EUR 44.88

EUR 376.95

-21.51%

EUR 128.04

131.06%

 

 

JKM LNG

Jan-23

$26.83

$30.32

-11.53%

-$3.50

$26.28

2.08%

$16.82

59.50%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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