Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-30-2022

Nov 30, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:40 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$7.283

$7.235

0.66%

$0.048

22,827

 

 

WTI

$80.91

$78.20

3.47%

$2.71

127,229

 

 

Brent

$85.45

$83.03

2.91%

$2.42

115

 

 

ULSD

$3.368

$3.296

2.19%

$0.072

341

 

 

RBOB

$2.400

$2.332

2.89%

$0.067

518

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.55

$4.83

-5.80%

-$0.28

Jan-23

 

 

3:2:1 Crack

$31.64

$31.27

1.17%

$0.36

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

11/29/22

11/28/22

% Change

Change

10/31/22

% Change

11/30/21

% Change

 

 

PJM West On Peak

Dec-22

$104.18

$92.45

12.68%

$11.72

$83.86

24.23%

$51.02

104.18%

 

 

ERCOT North On Peak

Dec-22

$61.17

$59.57

2.69%

$1.60

$55.03

11.16%

$40.69

50.36%

 

 

CAISO SP 15 On Peak

Dec-22

$142.49

$133.89

6.42%

$8.60

$98.34

44.90%

$64.57

120.67%

 

 

MISO Indiana On Peak

Dec-22

$96.36

$86.64

11.22%

$9.72

$77.93

23.65%

$48.26

99.64%

 

 

NEISO Mass On Peak

Dec-22

$184.38

$190.10

-3.01%

-$5.72

$157.19

17.30%

$86.08

114.20%

 

 

WECC Mid C On Peak

Dec-22

$204.66

$180.50

13.38%

$24.16

$108.05

89.42%

$70.49

190.36%

 

 

NYISO Zone G On Peak

Dec-22

$126.07

$128.61

-1.97%

-$2.54

$103.66

21.62%

$63.85

97.44%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/29/22

11/28/22

% Change

Change

10/31/22

% Change

11/30/21

% Change

 

 

NYMEX Henry Hub

Jan-23

$7.235

$7.196

0.54%

$0.04

$6.61

9.51%

$4.39

64.96%

 

 

Houston Ship Channel

Jan-23

$0.184

$0.288

-35.96%

-$0.10

$0.39

-52.40%

$0.23

-19.11%

 

 

Chicago

Jan-23

$0.852

$0.902

5.89%

-$0.05

$0.93

-7.99%

$0.39

116.53%

 

 

Waha

Jan-23

-$0.728

-$0.726

-0.26%

$0.00

-$0.98

-25.55%

-$0.22

226.75%

 

 

Algonquin

Jan-23

$29.878

$30.142

-0.87%

-$0.26

$21.91

36.34%

$9.78

205.49%

 

 

Aeco

Jan-23

-$2.408

-$2.537

-5.12%

$0.13

-$1.86

29.15%

-$1.17

105.95%

 

 

Socal

Jan-23

$4.183

$3.886

7.63%

$0.30

$2.16

94.09%

$0.84

397.91%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/29/22

11/28/22

% Change

Change

10/31/22

% Change

11/30/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.786

$0.800

-1.69%

-$0.01

$0.88

-10.17%

$0.86

-8.55%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.784

$0.784

-0.08%

$0.00

$0.87

-9.92%

$0.86

-9.14%

 

 

Mt. Belview Ethane

Dec-22

$0.395

$0.428

-7.84%

-$0.03

$0.37

6.63%

$0.32

24.63%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.490

$1.484

0.40%

$0.01

$1.64

-9.33%

$1.47

1.62%

 

 

Mt. Belvieu Butane LST

Dec-22

$0.953

$0.942

1.13%

$0.01

$1.01

-6.02%

$1.04

-8.08%

 

 

Conway Propane

Dec-22

$0.833

$0.842

-1.16%

-$0.01

$0.92

-9.05%

$0.87

-4.34%

 

 

Conway Nat. Gasoline

Dec-22

$1.625

$1.610

0.92%

$0.01

$1.67

-2.70%

$1.47

10.62%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/29/22

11/28/22

% Change

Change

10/31/22

% Change

11/30/21

% Change

 

 

WTI

Jan-23

$78.20

$77.24

1.23%

$0.96

$85.40

-8.43%

$62.17

25.78%

 

 

Brent

Jan-23

$83.03

$83.19

-0.19%

-$0.16

$92.81

-10.54%

$65.70

26.38%

 

 

WCS

Jan-23

-$28.68

-$27.35

4.63%

-$1.33

-$27.70

3.53%

-$16.38

75.08%

 

 

LLS

Jan-23

$80.64

$79.23

1.75%

$1.41

$85.56

-5.74%

$66.46

21.34%

 

 

Mars

Jan-23

$73.49

$72.52

1.33%

$0.97

$79.31

-7.34%

$62.91

16.82%

 

 

Sour

Jan-23

$72.99

$75.37

-3.27%

-$2.39

$81.88

-10.86%

$61.06

19.53%

 

 

ESPO

Jan-23

$80.84

$79.23

2.00%

$1.61

$87.33

-7.44%

$67.43

19.89%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/29/22

11/28/22

% Change

Change

10/31/22

% Change

11/30/21

% Change

 

 

NY Heating Oil

Dec-22

$3.32

$3.22

2.95%

$0.10

$3.67

-9.67%

$2.01

65.16%

 

 

NY Gasoline

Dec-22

$2.33

$2.33

-0.26%

-$0.01

$2.56

-8.99%

$1.81

28.34%

 

 

GC Gasoline

Dec-22

$2.23

$2.23

-0.27%

-$0.01

$2.46

-9.36%

$1.71

29.99%

 

 

GC Jet

Dec-22

$2.80

$2.30

21.48%

$0.50

$3.71

-24.47%

$1.84

52.45%

 

 

Chicago Ethanol

Dec-22

$2.35

$2.38

-1.26%

-$0.03

$2.41

-2.61%

$2.01

16.87%

 

 

Rotterdam Gasoil

Dec-22

$866.16

$837.67

3.40%

$28.49

$945.58

-8.40%

$544.90

58.96%

 

 

Singapore Jet Kero

Dec-22

$111.48

$108.15

3.08%

$3.33

$119.17

-6.45%

$76.69

45.35%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/29/22

11/28/22

% Change

Change

10/31/22

% Change

11/30/21

% Change

 

 

Henry Hub Straddle

Jan-23

117.72%

117.36%

0.31%

0.36%

99.38%

18.45%

49.29%

138.83%

 

 

Algonquin Straddle

Jan-23

154.99%

149.63%

3.58%

5.36%

147.96%

4.75%

56.18%

175.88%

 

 

Waha Straddle

Jan-23

140.20%

136.69%

2.57%

3.51%

119.33%

17.49%

49.75%

181.81%

 

 

Chicago Straddle

Jan-23

105.33%

104.07%

1.21%

1.26%

95.04%

10.83%

49.49%

112.83%

 

 

PJM West Straddle

Jan-23

148.35%

153.32%

-3.24%

-4.97%

121.11%

22.49%

52.22%

184.09%

 

 

SP – 15 Straddle

Jan-23

149.53%

137.31%

8.90%

12.22%

125.61%

19.04%

33.77%

342.79%

 

 

Mid. C Straddle

Jan-23

254.64%

493.76%

-48.43%

-239.12%

185.17%

37.52%

45.07%

464.99%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/29/22

11/28/22

% Change

Change

10/31/22

% Change

11/30/21

% Change

 

 

Dutch TTF

Jan-23

EUR 133.56

EUR 127.65

4.63%

EUR 5.90

EUR 129.32

3.27%

EUR 44.13

202.62%

 

 

NBP

Jan-23

GBP 339.50

GBP 318.00

6.76%

GBP 21.50

GBP 333.00

1.95%

GBP 119.40

184.33%

 

 

German Base

Jan-23

EUR 339.01

EUR 335.47

1.05%

EUR 3.54

EUR 425.34

-20.30%

EUR 128.30

164.22%

 

 

UK Base

Jan-23

GBP 464.73

GBP 433.28

7.26%

GBP 31.46

GBP 660.27

-29.61%

GBP 112.43

313.37%

 

 

French Base

Jan-23

EUR 711.29

EUR 742.34

-4.18%

-EUR 31.05

EUR 925.16

-23.12%

EUR 140.15

407.53%

 

 

Italian Base

Jan-23

EUR 345.96

EUR 331.72

4.29%

EUR 14.24

EUR 341.66

1.26%

EUR 132.28

161.54%

 

 

JKM LNG

Jan-23

$31.64

$29.58

6.97%

$2.06

$27.84

13.66%

$18.08

75.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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