Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-11-2022

Oct 11, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:02 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.414

$6.435

-0.33%

-$0.021

12,105

 

 

WTI

$89.93

$91.13

-1.32%

-$1.20

99,985

 

 

Brent

$95.15

$96.19

-1.08%

-$1.04

10,303

 

 

ULSD

$3.794

$3.915

-3.09%

-$0.121

8,172

 

 

RBOB

$2.618

$2.623

-0.19%

-$0.005

5,379

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.47

$6.35

1.89%

$0.12

Dec-22

 

 

3:2:1 Crack

$30.66

$31.57

-2.87%

-$0.91

Nov-22

 

 

PJM West Spark

$77.08

$77.08

0.00%

$0.00

Nov-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

10/07/22

762

-3

229

10/08/21

 

 

Canada

10/07/22

215

2

48

10/08/21

 

 

International

Sept

879

19

92

Sept

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 10/4/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

91,477

89,837

89,624

213

 

 

PJM West Off Peak

87,025

84,896

85,305

-409

 

 

Natural Gas Henry Hub

469,196

447,572

459,221

-11,649

 

 

WTI – Light Sweet Crude Futures

154,165

123,453

117,658

5,795

 

 

Brent Crude Last Day

175,931

168,551

170,424

-1,873

 

 

NYM Ethanol

20,092

19,338

19,890

-552

 

 

Mt Belvieu LDH Propane Swap

131,205

129,982

130,532

-550

 

 

RBOB

244,940

225,948

231,139

-5,191

 

 

HSC Basis

600,097

592,750

591,245

1,505

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

10/10/22

10/7/22

% Change

Change

9/12/22

% Change

10/11/21

% Change

 

 

PJM West On Peak

Nov-22

$90.80

$90.84

-0.04%

-$0.04

$118.86

-23.61%

$44.87

102.38%

 

 

ERCOT North On Peak

Nov-22

$60.08

$64.11

-6.29%

-$4.03

$85.41

-29.66%

$38.63

55.52%

 

 

CAISO SP 15 On Peak

Nov-22

$76.12

$76.70

-0.76%

-$0.58

$95.03

-19.91%

$57.30

32.84%

 

 

MISO Indiana On Peak

Nov-22

$88.72

$88.97

-0.28%

-$0.25

$117.01

-24.18%

$44.28

100.37%

 

 

NEISO Mass On Peak

Nov-22

$103.23

$109.11

-5.40%

-$5.89

$127.18

-18.84%

$61.30

68.40%

 

 

WECC Mid C On Peak

Nov-22

$74.27

$72.13

2.97%

$2.14

$91.01

-18.39%

$54.32

36.72%

 

 

NYISO Zone G On Peak

Nov-22

$93.64

$99.18

-5.59%

-$5.55

$118.07

-20.69%

$49.30

89.92%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/10/22

10/7/22

% Change

Change

9/12/22

% Change

10/11/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$6.435

$6.748

-4.64%

-$0.31

$8.29

-22.35%

$4.00

60.75%

 

 

Houston Ship Channel

Nov-22

-$0.665

-$0.712

-6.59%

$0.05

-$0.48

39.69%

-$0.06

995.22%

 

 

Chicago

Nov-22

-$0.342

-$0.387

13.38%

$0.05

-$0.31

8.79%

-$0.06

502.29%

 

 

Waha

Nov-22

-$3.668

-$3.373

-8.76%

-$0.30

-$2.29

60.32%

-$0.33

999.67%

 

 

Algonquin

Nov-22

$3.729

$3.967

-6.00%

-$0.24

$6.31

-40.90%

$1.93

92.98%

 

 

Aeco

Nov-22

-$2.192

-$2.444

-10.31%

$0.25

-$3.57

-38.68%

-$0.79

177.30%

 

 

Socal

Nov-22

-$0.168

-$0.150

12.09%

-$0.02

-$0.05

244.56%

$0.65

-125.79%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/10/22

10/7/22

% Change

Change

9/12/22

% Change

10/11/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.888

$0.913

-2.74%

-$0.03

$1.04

-14.66%

$1.06

-16.31%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.901

$0.910

-0.98%

-$0.01

$1.04

-13.02%

$1.05

-14.14%

 

 

Mt. Belview Ethane

Nov-22

$0.410

$0.431

-4.85%

-$0.02

$0.50

-17.95%

$0.34

22.02%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.704

$1.750

-2.59%

-$0.05

$1.60

6.75%

$1.65

3.01%

 

 

Mt. Belvieu Butane LST

Nov-22

$1.034

$1.050

-1.54%

-$0.02

$1.11

-6.44%

$1.15

-10.47%

 

 

Conway Propane

Nov-22

$0.918

$0.938

-2.13%

-$0.02

$1.09

-15.72%

$1.09

-15.93%

 

 

Conway Nat. Gasoline

Nov-22

$1.722

$1.768

-2.60%

-$0.05

$1.64

5.31%

$1.65

4.54%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/10/22

10/7/22

% Change

Change

9/12/22

% Change

10/11/21

% Change

 

 

WTI

Nov-22

$91.13

$92.64

-1.66%

-$1.51

$87.41

4.26%

$72.54

25.63%

 

 

Brent

Nov-22

$97.12

$98.93

-1.86%

-$1.81

$94.00

3.32%

$76.26

27.36%

 

 

WCS

Nov-22

-$24.22

-$24.44

-0.89%

$0.22

-$20.67

17.21%

-$13.30

82.13%

 

 

LLS

Nov-22

$97.39

$94.11

3.37%

$3.28

$88.97

9.47%

$73.51

32.49%

 

 

Mars

Nov-22

$92.25

$89.14

3.37%

$3.11

$85.52

7.86%

$70.10

31.60%

 

 

Sour

Nov-22

$95.07

$91.20

4.07%

$3.87

$86.66

9.71%

$71.82

32.38%

 

 

ESPO

Nov-22

$94.65

$95.63

-1.03%

-$0.98

$89.93

5.25%

$74.30

27.39%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/10/22

10/7/22

% Change

Change

9/12/22

% Change

10/11/21

% Change

 

 

NY Heating Oil

Nov-22

$3.87

$4.02

-3.56%

-$0.14

$3.54

9.44%

$2.34

65.23%

 

 

NY Gasoline

Nov-22

$2.61

$2.73

-4.53%

-$0.12

$2.42

7.67%

$2.11

23.63%

 

 

GC Gasoline

Nov-22

$2.51

$2.63

-4.71%

-$0.12

$2.33

8.00%

$2.01

24.80%

 

 

GC Jet

Nov-22

$3.45

$3.76

-8.35%

-$0.31

$3.25

6.10%

$2.14

61.25%

 

 

Chicago Ethanol

Nov-22

$2.35

$2.33

0.86%

$0.02

$2.30

2.17%

$1.96

20.20%

 

 

Rotterdam Gasoil

Nov-22

$1,051.15

$1,070.87

-1.84%

-$19.72

$978.80

7.39%

$631.53

66.44%

 

 

Singapore Jet Kero

Nov-22

$129.34

$128.31

0.81%

$1.04

$122.63

5.47%

$87.88

47.19%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/10/22

10/7/22

% Change

Change

9/12/22

% Change

10/11/21

% Change

 

 

Henry Hub Straddle

Nov-22

91.39%

92.71%

-1.42%

-1.32%

81.44%

12.22%

42.08%

117.18%

 

 

Algonquin Straddle

Nov-22

119.15%

121.93%

-2.28%

-2.78%

102.39%

16.37%

64.73%

84.07%

 

 

Waha Straddle

Nov-22

168.34%

151.11%

11.40%

17.23%

102.24%

64.65%

47.61%

253.58%

 

 

Chicago Straddle

Nov-22

98.48%

101.15%

-2.64%

-2.67%

85.03%

15.82%

40.01%

146.14%

 

 

PJM West Straddle

Nov-22

86.75%

89.13%

-2.67%

-2.38%

84.29%

2.92%

28.60%

203.32%

 

 

SP – 15 Straddle

Nov-22

159.77%

128.04%

24.78%

31.73%

126.19%

26.61%

24.82%

543.71%

 

 

Mid. C Straddle

Nov-22

278.01%

254.78%

9.12%

23.23%

133.87%

107.67%

35.19%

690.03%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/10/22

10/7/22

% Change

Change

9/12/22

% Change

10/11/21

% Change

 

 

Dutch TTF

Nov-22

EUR 159.30

EUR 156.50

1.79%

EUR 2.80

EUR 201.95

-21.12%

EUR 39.16

306.77%

 

 

NBP

Nov-22

GBP 298.00

GBP 293.89

1.40%

GBP 4.11

GBP 457.51

-34.86%

GBP 102.07

191.95%

 

 

German Base

Nov-22

EUR 347.55

EUR 372.50

-6.70%

-EUR 24.95

EUR 527.30

-34.09%

EUR 104.74

231.82%

 

 

UK Base

Nov-22

GBP 517.78

GBP 465.26

11.29%

GBP 52.52

GBP 542.99

-4.64%

GBP 90.14

474.44%

 

 

French Base

Nov-22

EUR 798.84

EUR 775.33

3.03%

EUR 23.52

EUR 964.78

-17.20%

EUR 107.17

645.41%

 

 

Italian Base

Nov-22

EUR 399.08

EUR 375.87

6.18%

EUR 23.21

EUR 480.95

-17.02%

EUR 99.00

303.10%

 

 

JKM LNG

Nov-22

$35.08

$30.82

13.83%

$4.26

$38.52

-8.94%

$14.87

135.90%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

10/08/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

651

234

-3

56.00%

0.00%

 

 

Middle Atlantic

0

-3

-5

855

201

-50

31.00%

-6.00%

 

 

E N Central

0

-4

-18

825

120

-121

17.00%

-13.00%

 

 

W N Central

1

-5

-9

1,087

165

-23

18.00%

-2.00%

 

 

South Atlantic

18

-19

-41

2,004

205

-30

11.00%

-1.00%

 

 

E S Central

2

-20

-40

1,707

196

92

13.00%

6.00%

 

 

W S Central

37

-8

-28

2,758

432

364

19.00%

15.00%

 

 

Mountain

19

-2

3

1,356

147

-11

12.00%

-1.00%

 

 

Pacific

26

11

10

947

267

44

39.00%

5.00%

 

 

United States

13

-6

-16

1,381

218

19

19.00%

1.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/08/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

76

-4

31

228

-52

68

NA

NA

 

 

Middle Atlantic

78

14

64

172

-27

102

NA

NA

 

 

E N Central

80

13

68

223

-8

121

NA

NA

 

 

W N Central

61

-4

40

181

-75

84

NA

NA

 

 

South Atlantic

33

10

32

65

15

50

NA

NA

 

 

E S Central

39

10

36

85

20

58

NA

NA

 

 

W S Central

7

0

6

13

-4

8

NA

NA

 

 

Mountain

44

-14

8

112

-136

-6

NA

NA

 

 

Pacific

5

-22

-25

39

-100

-47

NA

NA

 

 

United States

45

2

30

116

-33

49

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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