Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-07-2022

Oct 7, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:05 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.794

$6.972

-2.55%

-$0.178

12,433

 

 

WTI

$88.75

$88.45

0.34%

$0.30

80,319

 

 

Brent

$94.84

$94.42

0.44%

$0.42

8,625

 

 

ULSD

$3.923

$3.865

1.49%

$0.058

8,779

 

 

RBOB

$2.686

$2.681

0.16%

$0.004

4,407

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.94

$6.83

1.61%

$0.11

Dec-22

 

 

3:2:1 Crack

$34.62

$34.76

-0.41%

-$0.14

Nov-22

 

 

PJM West Spark

$79.83

$76.17

4.81%

$3.66

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

Sept

879

19

92

Sept

 

 

 

 

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

 

 

 

 

10/06/17

 

 

 

9/30/22

9/23/22

Net Change

% Change

10/1/2021

% Change

5 Year Avg.

% Change

 

 

East

756

721

35

4.85%

810

-6.67%

846

-10.66%

 

 

Midwest

916

879

37

4.21%

971

-5.66%

987

-7.23%

 

 

Mountain

184

176

8

4.55%

206

-10.68%

210

-12.21%

 

 

Pacific

247

243

4

1.65%

248

-0.40%

288

-14.18%

 

 

South

1,003

958

45

4.70%

1,054

-4.84%

1,087

-7.69%

 

 

    Salt

225

204

21

10.29%

259

-13.13%

271

-16.97%

 

 

    Non_Salt

778

754

24

3.18%

795

-2.14%

815

-4.56%

 

 

Total

3,106

2,977

129

4.33%

3,288

-5.54%

3,417

-9.10%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

10/6/22

10/5/22

% Change

Change

9/8/22

% Change

10/7/21

% Change

 

 

PJM West On Peak

Nov-22

$94.37

$91.08

3.61%

$3.29

$114.49

-17.57%

$45.31

108.28%

 

 

ERCOT North On Peak

Nov-22

$70.24

$63.12

11.28%

$7.12

$82.38

-14.74%

$39.35

78.49%

 

 

CAISO SP 15 On Peak

Nov-22

$77.91

$79.28

-1.73%

-$1.37

$90.29

-13.71%

$57.36

35.83%

 

 

MISO Indiana On Peak

Nov-22

$92.26

$89.07

3.58%

$3.19

$112.38

-17.90%

$44.71

106.34%

 

 

NEISO Mass On Peak

Nov-22

$117.74

$105.15

11.97%

$12.59

$143.44

-17.92%

$63.85

84.40%

 

 

WECC Mid C On Peak

Nov-22

$77.38

$78.95

-1.99%

-$1.57

$87.04

-11.10%

$54.50

41.98%

 

 

NYISO Zone G On Peak

Nov-22

$103.76

$96.55

7.47%

$7.22

$113.71

-8.75%

$49.92

107.84%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/6/22

10/5/22

% Change

Change

9/8/22

% Change

10/7/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$6.972

$6.930

0.61%

$0.04

$7.97

-12.53%

$4.01

73.91%

 

 

Houston Ship Channel

Nov-22

-$0.650

-$0.648

0.37%

$0.00

-$0.50

29.86%

-$0.06

1073.47%

 

 

Chicago

Nov-22

-$0.380

-$0.494

29.95%

$0.11

-$0.31

23.26%

-$0.05

669.23%

 

 

Waha

Nov-22

-$3.206

-$3.250

-1.37%

$0.04

-$2.23

43.68%

-$0.34

845.33%

 

 

Algonquin

Nov-22

$4.147

$4.153

-0.14%

-$0.01

$5.96

-30.42%

$2.17

91.53%

 

 

Aeco

Nov-22

-$2.456

-$2.496

-1.62%

$0.04

-$3.33

-26.24%

-$0.78

212.97%

 

 

Socal

Nov-22

-$0.145

-$0.218

-33.61%

$0.07

$0.01

-1594.85%

$0.68

-121.29%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/6/22

10/5/22

% Change

Change

9/8/22

% Change

10/7/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.932

$0.894

4.26%

$0.04

$1.03

-9.18%

$1.04

-9.95%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.930

$0.896

3.76%

$0.03

$1.04

-10.95%

$1.01

-7.80%

 

 

Mt. Belview Ethane

Nov-22

$0.411

$0.406

1.26%

$0.01

$0.51

-19.59%

$0.32

27.29%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.706

$1.686

1.18%

$0.02

$1.51

13.24%

$1.57

8.70%

 

 

Mt. Belvieu Butane LST

Nov-22

$1.030

$1.030

0.01%

$0.00

$1.14

-9.25%

$1.12

-7.86%

 

 

Conway Propane

Nov-22

$0.940

$0.946

-0.61%

-$0.01

$1.09

-13.62%

$1.06

-11.24%

 

 

Conway Nat. Gasoline

Nov-22

$1.726

$1.717

0.54%

$0.01

$1.55

11.56%

$1.57

10.00%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/6/22

10/5/22

% Change

Change

9/8/22

% Change

10/7/21

% Change

 

 

WTI

Nov-22

$88.45

$87.76

0.78%

$0.69

$83.07

6.48%

$71.07

24.45%

 

 

Brent

Nov-22

$95.30

$94.25

1.09%

$1.04

$89.15

6.89%

$74.81

27.38%

 

 

WCS

Nov-22

-$24.13

-$24.37

-1.02%

$0.25

-$20.17

19.58%

-$12.84

87.86%

 

 

LLS

Nov-22

$91.49

$89.05

2.67%

$2.44

$83.91

9.04%

$71.21

28.49%

 

 

Mars

Nov-22

$86.99

$84.40

2.97%

$2.59

$80.33

8.29%

$67.76

28.38%

 

 

Sour

Nov-22

$88.02

$86.61

1.60%

$1.41

$81.17

8.44%

$70.31

25.19%

 

 

ESPO

Nov-22

$91.51

$90.61

0.98%

$0.89

$85.36

7.20%

$71.73

27.58%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/6/22

10/5/22

% Change

Change

9/8/22

% Change

10/7/21

% Change

 

 

NY Heating Oil

Nov-22

$3.87

$3.99

-3.01%

-$0.12

$3.47

11.47%

$2.31

67.37%

 

 

NY Gasoline

Nov-22

$2.68

$2.47

8.60%

$0.21

$2.29

17.15%

$2.10

27.83%

 

 

GC Gasoline

Nov-22

$2.58

$2.37

8.96%

$0.21

$2.19

17.93%

$2.00

29.22%

 

 

GC Jet

Nov-22

$3.63

$3.49

4.10%

$0.14

$3.15

15.02%

$2.02

79.92%

 

 

Chicago Ethanol

Nov-22

$2.32

$2.35

-1.49%

-$0.03

$2.20

5.37%

$1.95

18.78%

 

 

Rotterdam Gasoil

Nov-22

$1,019.11

$1,004.04

1.50%

$15.07

$934.05

9.11%

$593.47

71.72%

 

 

Singapore Jet Kero

Nov-22

$124.88

$127.09

-1.73%

-$2.20

$121.31

2.94%

$82.14

52.03%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/6/22

10/5/22

% Change

Change

9/8/22

% Change

10/7/21

% Change

 

 

Henry Hub Straddle

Nov-22

91.82%

90.11%

1.90%

1.71%

81.81%

12.24%

38.88%

136.16%

 

 

Algonquin Straddle

Nov-22

123.15%

136.61%

-9.85%

-13.46%

118.52%

3.91%

58.03%

112.22%

 

 

Waha Straddle

Nov-22

146.12%

143.14%

2.08%

2.98%

110.16%

32.64%

43.30%

237.46%

 

 

Chicago Straddle

Nov-22

100.40%

98.50%

1.93%

1.90%

82.75%

21.33%

38.63%

159.90%

 

 

PJM West Straddle

Nov-22

89.34%

89.04%

0.34%

0.30%

84.91%

5.22%

28.73%

210.96%

 

 

SP – 15 Straddle

Nov-22

123.78%

120.48%

2.74%

3.30%

168.36%

-26.48%

34.14%

262.57%

 

 

Mid. C Straddle

Nov-22

258.36%

266.73%

-3.14%

-8.37%

221.23%

16.78%

34.66%

645.41%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/6/22

10/5/22

% Change

Change

9/8/22

% Change

10/7/21

% Change

 

 

Dutch TTF

Nov-22

EUR 166.90

EUR 175.40

-4.85%

-EUR 8.50

EUR 230.00

-27.43%

EUR 38.30

335.80%

 

 

NBP

Nov-22

GBP 315.00

GBP 321.25

-1.95%

-GBP 6.25

GBP 530.10

-40.58%

GBP 99.98

215.08%

 

 

German Base

Nov-22

EUR 391.00

EUR 370.05

5.66%

EUR 20.95

EUR 599.95

-34.83%

EUR 105.24

271.53%

 

 

UK Base

Nov-22

GBP 509.79

GBP 567.18

-10.12%

-GBP 57.39

GBP 744.80

-31.55%

GBP 106.43

379.01%

 

 

French Base

Nov-22

EUR 796.81

EUR 804.89

-1.00%

-EUR 8.08

EUR 1,095.53

-27.27%

EUR 114.99

592.93%

 

 

Italian Base

Nov-22

EUR 433.45

EUR 438.53

-1.16%

-EUR 5.08

EUR 543.92

-20.31%

EUR 117.49

268.94%

 

 

JKM LNG

Nov-22

$31.31

$35.18

-11.01%

-$3.88

$46.95

-33.32%

$15.12

107.03%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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