Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-05-2022

Oct 5, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:08 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.963

$6.837

1.84%

$0.126

15,797

 

 

WTI

$87.12

$86.52

0.69%

$0.60

84,873

 

 

Brent

$92.50

$91.80

0.76%

$0.70

10,249

 

 

ULSD

$3.551

$3.536

0.42%

$0.015

7,519

 

 

RBOB

$2.654

$2.683

-1.07%

-$0.029

6,827

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.40

$6.30

1.59%

$0.10

Dec-22

 

 

3:2:1 Crack

$31.94

$32.38

-1.38%

-$0.45

Nov-22

 

 

PJM West Spark

$76.80

$71.36

7.63%

$5.44

Nov-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

09/30/22

765

1

237

10/01/21

 

 

Canada

09/30/22

213

-2

48

10/01/21

 

 

International

Aug

860

27

83

Aug

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 9/27/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

89,366

88,869

89,184

-315

 

 

PJM West Off Peak

85,398

84,590

84,971

-381

 

 

Natural Gas Henry Hub

494,767

471,802

484,355

-12,553

 

 

WTI – Light Sweet Crude Futures

147,398

117,668

110,449

7,219

 

 

Brent Crude Last Day

177,343

169,989

170,849

-860

 

 

NYM Ethanol

29,440

28,999

29,180

-181

 

 

Mt Belvieu LDH Propane Swap

127,723

126,520

127,006

-486

 

 

RBOB

241,183

222,936

225,727

-2,791

 

 

HSC Basis

590,061

586,783

584,251

2,532

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

09/29/17

 

 

 

9/23/22

9/16/22

Net Change

% Change

9/24/2021

% Change

5 Year Avg.

% Change

 

 

East

721

690

31

4.49%

779

-7.45%

820

-12.09%

 

 

Midwest

879

844

35

4.15%

934

-5.89%

953

-7.76%

 

 

Mountain

176

168

8

4.76%

201

-12.44%

206

-14.40%

 

 

Pacific

243

237

6

2.53%

243

0.00%

285

-14.62%

 

 

South

958

935

23

2.46%

1,013

-5.43%

1,060

-9.66%

 

 

    Salt

204

199

5

2.51%

239

-14.64%

260

-21.42%

 

 

    Non_Salt

754

736

18

2.45%

774

-2.58%

801

-5.82%

 

 

Total

2,977

2,874

103

3.58%

3,170

-6.09%

3,323

-10.42%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

10/4/22

10/3/22

% Change

Change

9/6/22

% Change

10/5/21

% Change

 

 

PJM West On Peak

Nov-22

$91.81

$85.99

6.78%

$5.83

$116.09

-20.91%

$45.10

103.60%

 

 

ERCOT North On Peak

Nov-22

$58.98

$60.20

-2.02%

-$1.22

$85.75

-31.22%

$39.10

50.83%

 

 

CAISO SP 15 On Peak

Nov-22

$76.24

$72.78

4.75%

$3.46

$93.72

-18.65%

$60.16

26.73%

 

 

MISO Indiana On Peak

Nov-22

$89.81

$84.18

6.69%

$5.63

$113.85

-21.12%

$44.50

101.80%

 

 

NEISO Mass On Peak

Nov-22

$105.25

$101.24

3.96%

$4.01

$139.83

-24.73%

$63.73

65.14%

 

 

WECC Mid C On Peak

Nov-22

$74.78

$72.07

3.77%

$2.71

$92.20

-18.89%

$56.17

33.13%

 

 

NYISO Zone G On Peak

Nov-22

$96.69

$92.57

4.45%

$4.12

$117.74

-17.88%

$50.50

91.46%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/4/22

10/3/22

% Change

Change

9/6/22

% Change

10/5/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$6.837

$6.470

5.67%

$0.37

$8.21

-16.74%

$4.17

63.88%

 

 

Houston Ship Channel

Nov-22

-$0.788

-$0.880

-10.51%

$0.09

-$0.49

60.33%

-$0.02

3195.82%

 

 

Chicago

Nov-22

-$0.497

-$0.586

17.78%

$0.09

-$0.42

19.63%

-$0.07

583.10%

 

 

Waha

Nov-22

-$3.222

-$3.163

-1.88%

-$0.06

-$2.02

59.84%

-$0.32

921.20%

 

 

Algonquin

Nov-22

$4.479

$4.095

9.37%

$0.38

$5.07

-11.72%

$1.92

132.98%

 

 

Aeco

Nov-22

-$2.521

-$2.598

-2.97%

$0.08

-$3.43

-26.52%

-$0.77

226.81%

 

 

Socal

Nov-22

-$0.200

-$0.232

-13.72%

$0.03

-$0.09

113.34%

$0.67

-129.86%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/4/22

10/3/22

% Change

Change

9/6/22

% Change

10/5/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.878

$0.858

2.33%

$0.02

$1.09

-19.39%

$1.05

-16.69%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.870

$0.874

-0.43%

$0.00

$1.08

-19.76%

$1.04

-16.16%

 

 

Mt. Belview Ethane

Nov-22

$0.392

$0.391

0.17%

$0.00

$0.57

-31.42%

$0.33

18.03%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.630

$1.508

8.14%

$0.12

$1.60

2.09%

$1.60

1.72%

 

 

Mt. Belvieu Butane LST

Nov-22

$0.997

$0.996

0.12%

$0.00

$1.20

-16.83%

$1.13

-12.02%

 

 

Conway Propane

Nov-22

$0.901

$0.880

2.35%

$0.02

$1.12

-19.80%

$1.09

-17.45%

 

 

Conway Nat. Gasoline

Nov-22

$1.643

$1.646

-0.17%

$0.00

$1.67

-1.37%

$1.59

3.09%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/4/22

10/3/22

% Change

Change

9/6/22

% Change

10/5/21

% Change

 

 

WTI

Nov-22

$86.52

$83.63

3.34%

$2.89

$86.51

0.01%

$71.72

20.64%

 

 

Brent

Nov-22

$92.77

$89.80

3.21%

$2.98

$92.83

-0.06%

$75.34

23.14%

 

 

WCS

Nov-22

-$24.39

-$22.86

6.27%

-$1.53

-$20.45

19.28%

-$14.28

70.75%

 

 

LLS

Nov-22

$87.49

$84.52

3.40%

$2.97

$88.07

-0.65%

$71.87

21.74%

 

 

Mars

Nov-22

$82.49

$79.45

3.69%

$3.05

$84.15

-1.97%

$68.64

20.17%

 

 

Sour

Nov-22

$84.56

$81.06

4.14%

$3.50

$85.31

-0.88%

$70.07

20.67%

 

 

ESPO

Nov-22

$88.67

$85.04

4.09%

$3.63

$89.59

-1.03%

$72.57

22.19%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/4/22

10/3/22

% Change

Change

9/6/22

% Change

10/5/21

% Change

 

 

NY Heating Oil

Nov-22

$3.68

$3.36

9.31%

$0.31

$3.52

4.58%

$2.34

57.09%

 

 

NY Gasoline

Nov-22

$2.50

$2.52

-0.87%

-$0.02

$2.37

5.44%

$2.12

17.76%

 

 

GC Gasoline

Nov-22

$2.40

$2.42

-0.91%

-$0.02

$2.27

5.68%

$2.02

18.64%

 

 

GC Jet

Nov-22

$3.26

$2.98

9.50%

$0.28

$3.16

3.23%

$2.15

51.98%

 

 

Chicago Ethanol

Nov-22

$2.33

$2.30

1.53%

$0.03

$2.30

1.22%

$1.92

21.48%

 

 

Rotterdam Gasoil

Nov-22

$940.30

$903.64

4.06%

$36.66

$942.69

-0.25%

$615.45

52.78%

 

 

Singapore Jet Kero

Nov-22

$113.19

$112.65

0.48%

$0.54

$126.81

-10.74%

$85.82

31.89%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/4/22

10/3/22

% Change

Change

9/6/22

% Change

10/5/21

% Change

 

 

Henry Hub Straddle

Nov-22

87.59%

100.76%

-13.07%

-13.17%

91.86%

-4.65%

37.56%

133.20%

 

 

Algonquin Straddle

Nov-22

126.13%

136.58%

-7.65%

-10.45%

122.87%

2.65%

61.53%

104.99%

 

 

Waha Straddle

Nov-22

140.94%

152.90%

-7.82%

-11.96%

111.46%

26.45%

41.56%

239.12%

 

 

Chicago Straddle

Nov-22

93.20%

107.45%

-13.26%

-14.25%

94.64%

-1.52%

35.78%

160.48%

 

 

PJM West Straddle

Nov-22

86.80%

87.86%

-1.21%

-1.06%

84.36%

2.89%

25.83%

236.04%

 

 

SP – 15 Straddle

Nov-22

188.17%

144.18%

30.51%

43.99%

162.80%

15.58%

44.01%

327.56%

 

 

Mid. C Straddle

Nov-22

239.83%

201.55%

18.99%

38.28%

187.08%

28.20%

45.97%

421.71%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/4/22

10/3/22

% Change

Change

9/6/22

% Change

10/5/21

% Change

 

 

Dutch TTF

Nov-22

EUR 169.50

EUR 169.06

0.26%

EUR 0.44

EUR 248.10

-31.68%

EUR 49.84

240.08%

 

 

NBP

Nov-22

GBP 300.00

GBP 296.49

1.18%

GBP 3.51

GBP 561.50

-46.57%

GBP 128.18

134.05%

 

 

German Base

Nov-22

EUR 374.31

EUR 365.29

2.47%

EUR 9.02

EUR 698.03

-46.38%

EUR 130.96

185.82%

 

 

UK Base

Nov-22

GBP 332.32

GBP 487.75

-31.87%

-GBP 155.43

GBP 777.23

-57.24%

GBP 125.97

163.81%

 

 

French Base

Nov-22

EUR 754.28

EUR 785.01

-3.91%

-EUR 30.73

EUR 1,209.07

-37.61%

EUR 139.24

441.73%

 

 

Italian Base

Nov-22

EUR 417.29

EUR 397.41

5.00%

EUR 19.88

EUR 596.36

-30.03%

EUR 139.98

198.11%

 

 

JKM LNG

Nov-22

$33.87

$32.78

3.32%

$1.09

$48.42

-30.06%

$18.56

82.50%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

10/01/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

-1

0

651

234

-3

56.00%

0.00%

 

 

Middle Atlantic

0

-5

-1

855

203

-45

31.00%

-5.00%

 

 

E N Central

0

-5

-12

825

123

-103

18.00%

-11.00%

 

 

W N Central

3

-6

-27

1,087

171

-14

19.00%

-1.00%

 

 

South Atlantic

31

-14

-16

1,986

224

11

13.00%

1.00%

 

 

E S Central

15

-15

-25

1,705

216

132

15.00%

8.00%

 

 

W S Central

55

-2

-16

2,721

440

392

19.00%

17.00%

 

 

Mountain

36

10

17

1,337

150

-15

13.00%

-1.00%

 

 

Pacific

43

24

33

921

256

34

38.00%

4.00%

 

 

United States

22

-2

-4

1,368

223

34

19.00%

3.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/01/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

62

-1

17

152

-48

37

NA

NA

 

 

Middle Atlantic

53

5

22

94

-41

38

NA

NA

 

 

E N Central

76

25

52

144

-20

52

NA

NA

 

 

W N Central

58

7

45

120

-71

43

NA

NA

 

 

South Atlantic

24

9

15

32

4

18

NA

NA

 

 

E S Central

37

18

27

46

10

22

NA

NA

 

 

W S Central

6

2

5

6

-4

2

NA

NA

 

 

Mountain

21

-26

-11

68

-122

-14

NA

NA

 

 

Pacific

5

-17

-12

34

-77

-22

NA

NA

 

 

United States

36

4

18

71

-35

19

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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