Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-12-2022

Oct 12, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 9:07 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.649

$6.596

0.80%

$0.053

33,648

 

 

WTI

$88.06

$89.35

-1.44%

-$1.29

123,773

 

 

Brent

$93.08

$94.29

-1.28%

-$1.21

11,419

 

 

ULSD

$3.999

$3.931

1.72%

$0.068

12,363

 

 

RBOB

$2.586

$2.627

-1.59%

-$0.042

11,767

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.44

$6.32

1.90%

$0.12

Dec-22

 

 

3:2:1 Crack

$32.49

$32.21

0.88%

$0.28

Nov-22

 

 

PJM West Spark

$75.67

$76.69

-1.33%

-$1.02

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

10/11/22

10/10/22

% Change

Change

9/13/22

% Change

10/12/21

% Change

 

 

PJM West On Peak

Nov-22

$89.90

$90.80

-1.00%

-$0.91

$120.48

-25.39%

$45.82

96.21%

 

 

ERCOT North On Peak

Nov-22

$60.97

$60.08

1.49%

$0.90

$83.42

-26.90%

$40.15

51.88%

 

 

CAISO SP 15 On Peak

Nov-22

$75.69

$76.12

-0.56%

-$0.42

$92.58

-18.24%

$59.00

28.29%

 

 

MISO Indiana On Peak

Nov-22

$88.08

$88.72

-0.73%

-$0.64

$118.64

-25.76%

$45.23

94.75%

 

 

NEISO Mass On Peak

Nov-22

$105.26

$103.23

1.97%

$2.04

$146.50

-28.15%

$63.39

66.06%

 

 

WECC Mid C On Peak

Nov-22

$73.25

$74.27

-1.38%

-$1.02

$84.14

-12.95%

$55.21

32.67%

 

 

NYISO Zone G On Peak

Nov-22

$93.97

$93.64

0.36%

$0.33

$119.29

-21.23%

$50.75

85.17%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/11/22

10/10/22

% Change

Change

9/13/22

% Change

10/12/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$6.596

$6.435

2.50%

$0.16

$8.33

-20.85%

$4.07

62.02%

 

 

Houston Ship Channel

Nov-22

-$0.619

-$0.665

-6.84%

$0.05

-$0.45

36.65%

-$0.06

908.63%

 

 

Chicago

Nov-22

-$0.298

-$0.342

14.75%

$0.04

-$0.31

-2.97%

-$0.06

426.73%

 

 

Waha

Nov-22

-$3.876

-$3.668

-5.65%

-$0.21

-$2.42

60.03%

-$0.36

971.55%

 

 

Algonquin

Nov-22

$4.056

$3.729

8.76%

$0.33

$6.19

-34.50%

$1.96

107.12%

 

 

Aeco

Nov-22

-$2.094

-$2.192

-4.48%

$0.10

-$3.72

-43.67%

-$0.77

171.16%

 

 

Socal

Nov-22

-$0.032

-$0.168

-80.93%

$0.14

-$0.06

-42.45%

$0.67

-104.81%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/11/22

10/10/22

% Change

Change

9/13/22

% Change

10/12/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.857

$0.888

-3.39%

-$0.03

$1.05

-18.34%

$1.04

-17.53%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.850

$0.901

-5.67%

-$0.05

$1.05

-19.04%

$1.06

-19.67%

 

 

Mt. Belview Ethane

Nov-22

$0.411

$0.410

0.21%

$0.00

$0.50

-16.95%

$0.32

26.51%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.668

$1.704

-2.16%

-$0.04

$1.64

1.62%

$1.62

3.11%

 

 

Mt. Belvieu Butane LST

Nov-22

$1.005

$1.034

-2.78%

-$0.03

$1.12

-10.56%

$1.14

-12.17%

 

 

Conway Propane

Nov-22

$0.885

$0.918

-3.55%

-$0.03

$1.09

-19.09%

$1.08

-17.86%

 

 

Conway Nat. Gasoline

Nov-22

$1.687

$1.722

-2.02%

-$0.03

$1.68

0.34%

$1.62

4.27%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/11/22

10/10/22

% Change

Change

9/13/22

% Change

10/12/21

% Change

 

 

WTI

Dec-22

$87.97

$89.84

-2.13%

-$1.87

$86.25

1.99%

$72.04

22.11%

 

 

Brent

Dec-22

$94.29

$96.19

-2.02%

-$1.90

$92.22

2.24%

$75.75

24.48%

 

 

WCS

Dec-22

-$26.44

-$24.44

7.57%

-$2.00

-$20.41

29.57%

-$12.72

107.86%

 

 

LLS

Dec-22

$87.75

$95.48

-8.81%

-$7.73

$87.75

0.00%

$72.37

21.25%

 

 

Mars

Dec-22

$82.84

$90.22

-8.91%

-$7.38

$83.82

-1.16%

$68.89

20.25%

 

 

Sour

Dec-22

$84.93

$92.69

-9.14%

-$7.76

$83.89

1.23%

$69.83

21.63%

 

 

ESPO

Dec-22

$89.67

$91.74

-2.31%

-$2.07

$88.25

1.61%

$73.21

22.48%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/11/22

10/10/22

% Change

Change

9/13/22

% Change

10/12/21

% Change

 

 

NY Heating Oil

Nov-22

$3.88

$3.87

0.23%

$0.01

$3.51

10.76%

$2.34

66.11%

 

 

NY Gasoline

Nov-22

$2.59

$2.61

-0.80%

-$0.02

$2.45

5.71%

$2.12

22.05%

 

 

GC Gasoline

Nov-22

$2.49

$2.51

-0.84%

-$0.02

$2.35

5.96%

$2.02

23.15%

 

 

GC Jet

Nov-22

$3.47

$3.45

0.61%

$0.02

$3.20

8.41%

$2.10

65.41%

 

 

Chicago Ethanol

Nov-22

$2.34

$2.35

-0.64%

-$0.01

$2.35

-0.64%

$1.93

21.17%

 

 

Rotterdam Gasoil

Nov-22

$978.20

$1,051.15

-6.94%

-$72.95

$958.89

2.01%

$620.56

57.63%

 

 

Singapore Jet Kero

Nov-22

$121.39

$129.34

-6.15%

-$7.96

$128.00

-5.16%

$86.55

40.26%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/11/22

10/10/22

% Change

Change

9/13/22

% Change

10/12/21

% Change

 

 

Henry Hub Straddle

Nov-22

85.67%

91.39%

-6.26%

-5.72%

83.91%

2.10%

38.98%

119.78%

 

 

Algonquin Straddle

Nov-22

111.35%

119.15%

-6.55%

-7.80%

101.29%

9.93%

58.79%

89.40%

 

 

Waha Straddle

Nov-22

161.49%

168.34%

-4.07%

-6.85%

105.56%

52.98%

42.14%

283.22%

 

 

Chicago Straddle

Nov-22

93.09%

98.48%

-5.47%

-5.39%

87.71%

6.13%

38.56%

141.42%

 

 

PJM West Straddle

Nov-22

86.72%

86.75%

-0.03%

-0.03%

81.92%

5.86%

28.76%

201.53%

 

 

SP – 15 Straddle

Nov-22

199.33%

159.77%

24.76%

39.56%

128.59%

55.01%

25.97%

667.54%

 

 

Mid. C Straddle

Nov-22

287.75%

278.01%

3.50%

9.74%

174.67%

64.74%

35.14%

718.87%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/11/22

10/10/22

% Change

Change

9/13/22

% Change

10/12/21

% Change

 

 

Dutch TTF

Nov-22

EUR 154.50

EUR 159.30

-3.01%

-EUR 4.80

EUR 208.95

-26.06%

EUR 40.73

279.36%

 

 

NBP

Nov-22

GBP 280.00

GBP 298.00

-6.04%

-GBP 18.00

GBP 480.27

-41.70%

GBP 104.40

168.19%

 

 

German Base

Nov-22

EUR 348.02

EUR 347.55

0.14%

EUR 0.47

EUR 522.96

-33.45%

EUR 103.04

237.74%

 

 

UK Base

Nov-22

GBP 476.85

GBP 517.78

-7.91%

-GBP 40.93

GBP 503.56

-5.31%

GBP 99.60

378.76%

 

 

French Base

Nov-22

EUR 725.49

EUR 798.84

-9.18%

-EUR 73.35

EUR 1,019.51

-28.84%

EUR 114.98

530.97%

 

 

Italian Base

Nov-22

EUR 393.41

EUR 399.08

-1.42%

-EUR 5.67

EUR 480.58

-18.14%

EUR 109.22

260.19%

 

 

JKM LNG

Nov-22

$34.91

$35.08

-0.48%

-$0.17

$42.24

-17.36%

$14.91

134.12%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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