Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-06-2022

Oct 6, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:04 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$7.156

$6.930

3.26%

$0.226

20,497

 

 

WTI

$87.70

$87.76

-0.07%

-$0.06

68,697

 

 

Brent

$93.28

$93.37

-0.10%

-$0.09

9,016

 

 

ULSD

$3.670

$3.687

-0.47%

-$0.017

6,878

 

 

RBOB

$2.659

$2.669

-0.35%

-$0.009

5,682

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.52

$6.53

-0.15%

-$0.01

Dec-22

 

 

3:2:1 Crack

$33.10

$33.51

-1.23%

-$0.41

Nov-22

 

 

PJM West Spark

$75.77

$76.99

-1.58%

-$1.22

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

10/5/22

10/4/22

% Change

Change

9/7/22

% Change

10/6/21

% Change

 

 

PJM West On Peak

Nov-22

$91.08

$91.81

-0.80%

-$0.73

$112.83

-19.27%

$43.28

110.44%

 

 

ERCOT North On Peak

Nov-22

$63.12

$58.98

7.02%

$4.14

$83.21

-24.15%

$37.50

68.32%

 

 

CAISO SP 15 On Peak

Nov-22

$79.28

$76.24

3.99%

$3.04

$91.80

-13.64%

$57.68

37.46%

 

 

MISO Indiana On Peak

Nov-22

$89.07

$89.81

-0.82%

-$0.74

$110.71

-19.54%

$42.65

108.83%

 

 

NEISO Mass On Peak

Nov-22

$105.15

$105.25

-0.09%

-$0.10

$135.52

-22.41%

$61.75

70.28%

 

 

WECC Mid C On Peak

Nov-22

$78.95

$74.78

5.58%

$4.17

$87.86

-10.14%

$53.51

47.54%

 

 

NYISO Zone G On Peak

Nov-22

$96.55

$96.69

-0.15%

-$0.14

$112.96

-14.53%

$48.79

97.87%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/5/22

10/4/22

% Change

Change

9/7/22

% Change

10/6/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$6.930

$6.837

1.36%

$0.09

$7.90

-12.29%

$4.01

72.65%

 

 

Houston Ship Channel

Nov-22

-$0.648

-$0.788

-17.77%

$0.14

-$0.49

31.22%

-$0.06

994.09%

 

 

Chicago

Nov-22

-$0.494

-$0.497

0.71%

$0.00

-$0.37

35.14%

-$0.05

905.70%

 

 

Waha

Nov-22

-$3.250

-$3.222

-0.87%

-$0.03

-$2.18

49.35%

-$0.33

883.06%

 

 

Algonquin

Nov-22

$4.153

$4.479

-7.27%

-$0.33

$5.70

-27.13%

$2.23

86.28%

 

 

Aeco

Nov-22

-$2.496

-$2.521

-0.98%

$0.02

-$3.34

-25.26%

-$0.80

211.80%

 

 

Socal

Nov-22

-$0.218

-$0.200

9.25%

-$0.02

-$0.03

655.71%

$0.66

-133.10%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/5/22

10/4/22

% Change

Change

9/7/22

% Change

10/6/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.894

$0.878

1.92%

$0.02

$1.05

-15.12%

$1.04

-13.83%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.896

$0.870

3.01%

$0.03

$1.06

-15.49%

$1.05

-14.88%

 

 

Mt. Belview Ethane

Nov-22

$0.406

$0.392

3.69%

$0.01

$0.51

-20.73%

$0.34

20.54%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.686

$1.630

3.43%

$0.06

$1.57

7.52%

$1.61

4.92%

 

 

Mt. Belvieu Butane LST

Nov-22

$1.030

$0.997

3.25%

$0.03

$1.17

-11.70%

$1.14

-9.90%

 

 

Conway Propane

Nov-22

$0.946

$0.901

4.99%

$0.04

$1.09

-13.55%

$1.09

-13.38%

 

 

Conway Nat. Gasoline

Nov-22

$1.717

$1.643

4.47%

$0.07

$1.61

6.85%

$1.61

6.60%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/5/22

10/4/22

% Change

Change

9/7/22

% Change

10/6/21

% Change

 

 

WTI

Nov-22

$87.76

$86.52

1.41%

$1.24

$81.63

7.51%

$70.35

24.75%

 

 

Brent

Nov-22

$94.25

$92.77

1.57%

$1.48

$88.00

7.11%

$73.98

27.40%

 

 

WCS

Nov-22

-$24.37

-$24.39

-0.09%

$0.02

-$20.25

20.35%

-$13.66

78.45%

 

 

LLS

Nov-22

$89.05

$87.49

1.75%

$1.56

$87.76

1.47%

$72.58

22.70%

 

 

Mars

Nov-22

$84.40

$82.49

2.26%

$1.91

$83.97

0.52%

$69.08

22.19%

 

 

Sour

Nov-22

$86.61

$84.56

2.37%

$2.05

$80.91

7.05%

$70.70

22.51%

 

 

ESPO

Nov-22

$90.61

$88.67

2.14%

$1.94

$84.83

6.82%

$73.14

23.90%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/5/22

10/4/22

% Change

Change

9/7/22

% Change

10/6/21

% Change

 

 

NY Heating Oil

Nov-22

$3.99

$3.68

8.49%

$0.31

$3.49

14.24%

$2.28

74.84%

 

 

NY Gasoline

Nov-22

$2.47

$2.50

-1.36%

-$0.03

$2.26

8.97%

$2.07

19.25%

 

 

GC Gasoline

Nov-22

$2.37

$2.40

-1.42%

-$0.03

$2.16

9.39%

$1.97

20.22%

 

 

GC Jet

Nov-22

$3.49

$3.26

6.83%

$0.22

$3.14

10.88%

$2.06

69.31%

 

 

Chicago Ethanol

Nov-22

$2.35

$2.33

0.86%

$0.02

$2.29

2.62%

$1.90

23.62%

 

 

Rotterdam Gasoil

Nov-22

$1,004.04

$940.30

6.78%

$63.74

$944.41

6.31%

$618.05

62.45%

 

 

Singapore Jet Kero

Nov-22

$127.09

$113.19

12.28%

$13.90

$122.14

4.05%

$86.65

46.67%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/5/22

10/4/22

% Change

Change

9/7/22

% Change

10/6/21

% Change

 

 

Henry Hub Straddle

Nov-22

90.11%

87.59%

2.88%

2.52%

83.24%

8.25%

48.39%

86.22%

 

 

Algonquin Straddle

Nov-22

136.61%

126.13%

8.31%

10.48%

117.12%

16.64%

68.54%

99.31%

 

 

Waha Straddle

Nov-22

143.14%

140.94%

1.56%

2.20%

107.78%

32.81%

53.11%

169.52%

 

 

Chicago Straddle

Nov-22

98.50%

93.20%

5.69%

5.30%

86.46%

13.93%

46.21%

113.16%

 

 

PJM West Straddle

Nov-22

89.04%

86.80%

2.58%

2.24%

84.39%

5.51%

25.44%

250.00%

 

 

SP – 15 Straddle

Nov-22

120.48%

188.17%

-35.97%

-67.69%

196.75%

-38.76%

24.24%

397.03%

 

 

Mid. C Straddle

Nov-22

266.73%

239.83%

11.22%

26.90%

220.59%

20.92%

33.17%

704.13%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/5/22

10/4/22

% Change

Change

9/7/22

% Change

10/6/21

% Change

 

 

Dutch TTF

Nov-22

EUR 175.40

EUR 169.50

3.48%

EUR 5.90

EUR 216.00

-18.80%

EUR 39.49

344.11%

 

 

NBP

Nov-22

GBP 321.25

GBP 300.00

7.08%

GBP 21.25

GBP 494.00

-34.97%

GBP 105.36

204.92%

 

 

German Base

Nov-22

EUR 370.05

EUR 374.31

-1.14%

-EUR 4.26

EUR 638.83

-42.07%

EUR 116.35

218.06%

 

 

UK Base

Nov-22

GBP 567.18

GBP 522.82

8.49%

GBP 44.37

GBP 663.59

-14.53%

GBP 131.25

332.13%

 

 

French Base

Nov-22

EUR 804.89

EUR 754.28

6.71%

EUR 50.61

EUR 961.75

-16.31%

EUR 143.51

460.84%

 

 

Italian Base

Nov-22

EUR 438.53

EUR 417.29

5.09%

EUR 21.24

EUR 523.58

-16.24%

EUR 143.26

206.11%

 

 

JKM LNG

Nov-22

$35.18

$33.87

3.88%

$1.31

$39.44

-10.80%

$14.39

144.54%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

To opt out of this email please follow this link.

Campbell Faulkner | OTC Global Holdings

Quality Data – Reliable Service – Affordable Price

5151 San Felipe Suite 2200
Houston, TX 77056
cfaulkner@eoxlive.com
eoxlive.com/market-data

 

This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.

pdf icon All_Products_20221006.pdf