Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-29-2022

Nov 29, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:05 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$7.267

$6.712

8.27%

$0.555

15,470

 

 

WTI

$78.68

$77.24

1.86%

$1.44

122,262

 

 

Brent

$85.07

$83.19

2.26%

$1.88

3,989

 

 

ULSD

$3.252

$3.215

1.15%

$0.037

1,708

 

 

RBOB

$2.379

$2.331

2.09%

$0.049

659

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.36

$5.95

6.89%

$0.41

Jan-23

 

 

3:2:1 Crack

$31.03

$30.50

1.71%

$0.52

Jan-23

 

 

PJM West Spark

NA

NA

NA

NA

Dec-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

11/23/22

784

2

215

11/24/21

 

 

Canada

11/23/22

194

-7

23

11/24/21

 

 

International

Oct

911

32

111

Sept

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 11/15/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

84,379

83,834

84,173

-339

 

 

PJM West Off Peak

80,820

80,026

80,564

-538

 

 

Natural Gas Henry Hub

452,270

435,888

442,495

-6,607

 

 

WTI – Light Sweet Crude Futures

147,682

119,131

113,610

5,521

 

 

Brent Crude Last Day

149,119

138,927

143,595

-4,668

 

 

NYM Ethanol

24,167

23,247

23,822

-575

 

 

Mt Belvieu LDH Propane Swap

134,254

133,235

132,987

248

 

 

RBOB

265,895

245,347

252,192

-6,845

 

 

HSC Basis

566,768

563,096

557,308

5,788

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

11/24/17

 

 

 

11/18/22

11/11/22

Net Change

% Change

11/19/21

% Change

5 Year Avg.

% Change

 

 

East

866

882

-16

-1.81%

889

-2.59%

874

-0.94%

 

 

Midwest

1,063

1,084

-21

-1.94%

1,066

-0.28%

1,051

1.10%

 

 

Mountain

203

208

-5

-2.40%

210

-3.33%

210

-3.15%

 

 

Pacific

232

241

-9

-3.73%

262

-11.45%

289

-19.61%

 

 

South

1,200

1,228

-28

-2.28%

1,197

0.25%

1,161

3.39%

 

 

    Salt

318

327

-9

-2.75%

338

-5.92%

321

-0.87%

 

 

    Non_Salt

882

901

-19

-2.11%

859

2.68%

840

5.05%

 

 

Total

3,564

3,644

-80

-2.20%

3,623

-1.63%

3,584

-0.56%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

11/28/22

11/25/22

% Change

Change

10/28/22

% Change

11/29/21

% Change

 

 

PJM West On Peak

Dec-22

$92.45

$94.67

-2.35%

-$2.22

$79.98

15.59%

$51.19

80.62%

 

 

ERCOT North On Peak

Dec-22

$59.57

$62.97

-5.40%

-$3.40

$50.59

17.74%

$46.69

27.59%

 

 

CAISO SP 15 On Peak

Dec-22

$133.89

$123.22

8.66%

$10.67

$82.60

62.09%

$68.32

95.99%

 

 

MISO Indiana On Peak

Dec-22

$86.64

$89.58

-3.28%

-$2.94

$74.32

16.58%

$50.42

71.83%

 

 

NEISO Mass On Peak

Dec-22

$190.10

$184.96

2.78%

$5.14

$148.92

27.66%

$99.73

90.62%

 

 

WECC Mid C On Peak

Dec-22

$180.50

$167.17

7.97%

$13.33

$96.14

87.75%

$75.58

138.82%

 

 

NYISO Zone G On Peak

Dec-22

$128.61

$127.88

0.57%

$0.72

$102.42

25.57%

$74.12

73.52%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/28/22

11/25/22

% Change

Change

10/28/22

% Change

11/29/21

% Change

 

 

NYMEX Henry Hub

Jan-23

$7.196

$7.330

-1.83%

-$0.13

$5.95

20.88%

$4.53

58.68%

 

 

Houston Ship Channel

Jan-23

$0.288

$0.290

-0.76%

$0.00

$0.31

-8.39%

$0.23

26.42%

 

 

Chicago

Jan-23

$0.902

$0.882

-2.21%

$0.02

$0.87

3.31%

$0.44

102.93%

 

 

Waha

Jan-23

-$0.726

-$0.646

-12.40%

-$0.08

-$0.96

-24.59%

-$0.22

235.69%

 

 

Algonquin

Jan-23

$30.142

$28.151

7.07%

$1.99

$21.06

43.10%

$9.73

209.64%

 

 

Aeco

Jan-23

-$2.537

-$2.658

-4.55%

$0.12

-$1.81

39.86%

-$1.15

119.69%

 

 

Socal

Jan-23

$3.886

$3.757

3.44%

$0.13

$1.95

99.56%

$0.84

364.42%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/28/22

11/25/22

% Change

Change

10/28/22

% Change

11/29/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.800

$0.825

-3.14%

-$0.03

$0.88

-9.39%

$0.90

-11.16%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.784

$0.817

-4.04%

-$0.03

$0.88

-10.86%

$0.90

-13.24%

 

 

Mt. Belview Ethane

Dec-22

$0.428

$0.425

0.80%

$0.00

$0.39

11.00%

$0.32

35.59%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.484

$1.527

-2.83%

-$0.04

$1.68

-11.87%

$1.62

-8.22%

 

 

Mt. Belvieu Butane LST

Dec-22

$0.942

$0.973

-3.13%

-$0.03

$1.02

-7.74%

$1.03

-8.53%

 

 

Conway Propane

Dec-22

$0.842

$0.867

-2.83%

-$0.02

$0.93

-9.15%

$0.95

-11.24%

 

 

Conway Nat. Gasoline

Dec-22

$1.610

$1.657

-2.83%

-$0.05

$1.71

-5.88%

$1.65

-2.49%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/28/22

11/25/22

% Change

Change

10/28/22

% Change

11/29/21

% Change

 

 

WTI

Jan-23

$77.24

$76.28

1.24%

$0.96

$86.61

-10.82%

$65.50

17.92%

 

 

Brent

Jan-23

$83.19

$83.63

-0.53%

-$0.44

$93.77

-11.28%

$69.18

20.25%

 

 

WCS

Jan-23

-$27.35

-$31.28

-14.39%

$3.94

-$26.43

3.46%

-$16.38

66.98%

 

 

LLS

Jan-23

$79.23

$78.71

0.66%

$0.52

$87.27

-9.21%

$68.24

16.11%

 

 

Mars

Jan-23

$72.52

$72.18

0.47%

$0.34

$81.22

-10.72%

$64.24

12.89%

 

 

Sour

Jan-23

$75.37

$72.73

3.50%

$2.64

$82.89

-9.06%

$62.22

21.15%

 

 

ESPO

Jan-23

$79.23

$79.81

-0.73%

-$0.58

$87.95

-9.92%

$69.11

14.64%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/28/22

11/25/22

% Change

Change

10/28/22

% Change

11/29/21

% Change

 

 

NY Heating Oil

Dec-22

$3.22

$3.26

-1.26%

-$0.04

$3.74

-13.92%

$2.08

54.95%

 

 

NY Gasoline

Dec-22

$2.33

$2.35

-0.60%

-$0.01

$2.47

-5.58%

$1.89

23.62%

 

 

GC Gasoline

Dec-22

$2.23

$2.25

-0.62%

-$0.01

$2.37

-5.82%

$1.79

24.94%

 

 

GC Jet

Dec-22

$2.30

$2.72

-15.29%

-$0.42

$3.49

-34.00%

$1.95

18.03%

 

 

Chicago Ethanol

Dec-22

$2.38

$2.32

2.41%

$0.06

$2.33

2.06%

$2.05

16.00%

 

 

Rotterdam Gasoil

Dec-22

$837.67

$865.27

-3.19%

-$27.59

$978.40

-14.38%

$559.08

49.83%

 

 

Singapore Jet Kero

Dec-22

$108.15

$113.31

-4.56%

-$5.16

$121.91

-11.29%

$80.89

33.70%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/28/22

11/25/22

% Change

Change

10/28/22

% Change

11/29/21

% Change

 

 

Henry Hub Straddle

Jan-23

117.36%

144.18%

-18.60%

-26.82%

112.92%

3.93%

53.28%

120.27%

 

 

Algonquin Straddle

Jan-23

149.63%

181.49%

-17.55%

-31.86%

170.36%

-12.17%

62.40%

139.79%

 

 

Waha Straddle

Jan-23

136.69%

164.67%

-16.99%

-27.98%

133.09%

2.70%

53.25%

156.69%

 

 

Chicago Straddle

Jan-23

104.07%

132.70%

-21.57%

-28.63%

108.80%

-4.35%

51.63%

101.57%

 

 

PJM West Straddle

Jan-23

153.32%

152.81%

0.33%

0.51%

117.51%

30.47%

51.31%

198.81%

 

 

SP – 15 Straddle

Jan-23

137.31%

143.11%

-4.05%

-5.80%

130.51%

5.21%

23.88%

475.00%

 

 

Mid. C Straddle

Jan-23

493.76%

215.57%

129.05%

278.19%

199.38%

147.65%

32.79%

1405.83%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/28/22

11/25/22

% Change

Change

10/28/22

% Change

11/29/21

% Change

 

 

Dutch TTF

Jan-23

EUR 127.65

EUR 129.95

-1.77%

-EUR 2.29

EUR 146.09

-12.62%

EUR 44.36

187.74%

 

 

NBP

Jan-23

GBP 318.00

GBP 323.00

-1.55%

-GBP 5.00

GBP 375.20

-15.25%

GBP 119.56

165.98%

 

 

German Base

Jan-23

EUR 335.47

EUR 354.07

-5.25%

-EUR 18.60

EUR 465.73

-27.97%

EUR 128.38

161.31%

 

 

UK Base

Jan-23

GBP 433.28

GBP 443.23

-2.24%

-GBP 9.95

GBP 740.83

-41.51%

GBP 100.39

331.60%

 

 

French Base

Jan-23

EUR 742.34

EUR 768.49

-3.40%

-EUR 26.15

EUR 1,042.03

-28.76%

EUR 141.30

425.37%

 

 

Italian Base

Jan-23

EUR 331.72

EUR 329.77

0.59%

EUR 1.95

EUR 388.70

-14.66%

EUR 134.40

146.81%

 

 

JKM LNG

Jan-23

$29.58

$29.00

2.01%

$0.58

$31.13

-4.97%

$16.92

74.88%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

11/26/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

652

235

-4

56.00%

-1.00%

 

 

Middle Atlantic

0

0

0

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

13

2

4

2,136

210

-38

11.00%

-2.00%

 

 

E S Central

0

-1

0

1,721

177

49

11.00%

3.00%

 

 

W S Central

0

-4

-5

2,888

451

318

19.00%

12.00%

 

 

Mountain

0

0

-1

1,384

141

-16

11.00%

-1.00%

 

 

Pacific

0

-1

0

975

272

69

39.00%

8.00%

 

 

United States

2

-1

0

1,428

220

8

18.00%

1.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/26/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

209

22

18

1,061

-208

82

NA

NA

 

 

Middle Atlantic

188

15

5

954

-133

169

NA

NA

 

 

E N Central

204

7

-4

1,165

-50

191

NA

NA

 

 

W N Central

208

-14

5

1,253

-57

228

NA

NA

 

 

South Atlantic

99

8

-12

475

4

76

NA

NA

 

 

E S Central

135

15

-8

674

54

104

NA

NA

 

 

W S Central

109

26

44

411

79

149

NA

NA

 

 

Mountain

189

12

45

1,074

-37

236

NA

NA

 

 

Pacific

94

-12

11

569

-56

40

NA

NA

 

 

United States

150

8

8

796

-38

133

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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