Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-13-2022

Oct 13, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:05 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.418

$6.435

-0.26%

-$0.017

12,193

 

 

WTI

$85.73

$87.27

-1.76%

-$1.54

77,488

 

 

Brent

$91.23

$92.45

-1.32%

-$1.22

10,090

 

 

ULSD

$3.888

$3.933

-1.14%

-$0.045

8,429

 

 

RBOB

$2.582

$2.630

-1.84%

-$0.048

6,111

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.67

$6.39

4.38%

$0.28

Dec-22

 

 

3:2:1 Crack

$32.83

$33.84

-2.98%

-$1.01

Nov-22

 

 

PJM West Spark

$76.08

$76.13

-0.07%

-$0.05

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

10/12/22

10/11/22

% Change

Change

9/14/22

% Change

10/13/21

% Change

 

 

PJM West On Peak

Nov-22

$89.85

$89.90

-0.06%

-$0.05

$126.18

-28.79%

$46.33

93.92%

 

 

ERCOT North On Peak

Nov-22

$59.78

$60.97

-1.97%

-$1.20

$88.67

-32.59%

$41.33

44.63%

 

 

CAISO SP 15 On Peak

Nov-22

$75.47

$75.69

-0.29%

-$0.22

$97.00

-22.19%

$62.14

21.45%

 

 

MISO Indiana On Peak

Nov-22

$86.88

$88.08

-1.36%

-$1.20

$124.46

-30.20%

$45.76

89.87%

 

 

NEISO Mass On Peak

Nov-22

$105.21

$105.26

-0.05%

-$0.05

$154.45

-31.88%

$67.95

54.85%

 

 

WECC Mid C On Peak

Nov-22

$73.85

$73.25

0.81%

$0.60

$102.23

-27.76%

$57.02

29.50%

 

 

NYISO Zone G On Peak

Nov-22

$93.84

$93.97

-0.14%

-$0.13

$125.46

-25.20%

$54.64

71.73%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/12/22

10/11/22

% Change

Change

9/14/22

% Change

10/13/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$6.435

$6.596

-2.44%

-$0.16

$9.17

-29.80%

$4.16

54.80%

 

 

Houston Ship Channel

Nov-22

-$0.682

-$0.619

10.06%

-$0.06

-$0.48

41.88%

-$0.07

828.61%

 

 

Chicago

Nov-22

-$0.397

-$0.298

-25.04%

-$0.10

-$0.30

33.36%

-$0.06

522.26%

 

 

Waha

Nov-22

-$3.407

-$3.876

-12.09%

$0.47

-$2.39

42.36%

-$0.35

863.63%

 

 

Algonquin

Nov-22

$3.651

$4.056

-9.96%

-$0.40

$5.88

-37.91%

$1.84

98.31%

 

 

Aeco

Nov-22

-$2.004

-$2.094

-4.27%

$0.09

-$3.39

-40.81%

-$0.81

146.87%

 

 

Socal

Nov-22

-$0.049

-$0.032

53.75%

-$0.02

-$0.06

-21.03%

$0.65

-107.59%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/12/22

10/11/22

% Change

Change

9/14/22

% Change

10/13/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.847

$0.857

-1.17%

-$0.01

$1.05

-19.29%

$1.04

-18.83%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.855

$0.850

0.58%

$0.00

$1.05

-18.80%

$1.01

-15.56%

 

 

Mt. Belview Ethane

Nov-22

$0.419

$0.411

1.85%

$0.01

$0.52

-19.10%

$0.33

27.26%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.678

$1.668

0.63%

$0.01

$1.63

3.05%

$1.60

4.64%

 

 

Mt. Belvieu Butane LST

Nov-22

$0.982

$1.005

-2.25%

-$0.02

$1.11

-11.50%

$1.12

-11.94%

 

 

Conway Propane

Nov-22

$0.870

$0.885

-1.70%

-$0.02

$1.09

-20.26%

$1.06

-18.15%

 

 

Conway Nat. Gasoline

Nov-22

$1.709

$1.687

1.32%

$0.02

$1.67

2.58%

$1.60

6.85%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/12/22

10/11/22

% Change

Change

9/14/22

% Change

10/13/21

% Change

 

 

WTI

Dec-22

$86.06

$87.97

-2.22%

-$1.91

$87.36

-1.49%

$72.11

19.35%

 

 

Brent

Dec-22

$92.45

$94.29

-1.99%

-$1.84

$93.12

-0.72%

$75.81

21.95%

 

 

WCS

Dec-22

-$30.67

-$26.44

13.80%

-$4.23

-$20.91

46.70%

-$13.45

128.08%

 

 

LLS

Dec-22

$86.38

$87.75

-1.59%

-$1.37

$88.93

-2.87%

$72.54

19.07%

 

 

Mars

Dec-22

$80.82

$82.84

-2.51%

-$2.03

$84.71

-4.59%

$69.09

16.98%

 

 

Sour

Dec-22

$82.57

$84.93

-2.86%

-$2.36

$85.08

-2.96%

$70.06

17.86%

 

 

ESPO

Dec-22

$87.45

$89.67

-2.54%

-$2.22

$87.75

-0.34%

$73.30

19.31%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/12/22

10/11/22

% Change

Change

9/14/22

% Change

10/13/21

% Change

 

 

NY Heating Oil

Nov-22

$3.87

$3.88

-0.23%

-$0.01

$3.35

15.58%

$2.36

64.39%

 

 

NY Gasoline

Nov-22

$2.62

$2.59

1.20%

$0.03

$2.50

4.92%

$2.12

23.46%

 

 

GC Gasoline

Nov-22

$2.52

$2.49

1.24%

$0.03

$2.40

5.13%

$2.02

24.62%

 

 

GC Jet

Nov-22

$3.36

$3.47

-3.00%

-$0.10

$3.15

6.69%

$2.09

60.83%

 

 

Chicago Ethanol

Nov-22

$2.32

$2.34

-0.77%

-$0.02

$2.37

-2.03%

$1.90

21.69%

 

 

Rotterdam Gasoil

Nov-22

$1,017.57

$978.20

4.02%

$39.37

$913.32

11.41%

$622.84

63.38%

 

 

Singapore Jet Kero

Nov-22

$122.89

$121.39

1.23%

$1.50

$118.29

3.88%

$86.69

41.74%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/12/22

10/11/22

% Change

Change

9/14/22

% Change

10/13/21

% Change

 

 

Henry Hub Straddle

Nov-22

93.22%

85.67%

8.81%

7.55%

85.14%

9.49%

40.92%

127.81%

 

 

Algonquin Straddle

Nov-22

129.80%

111.35%

16.57%

18.45%

79.21%

63.87%

57.88%

124.26%

 

 

Waha Straddle

Nov-22

170.80%

161.49%

5.77%

9.31%

102.51%

66.62%

44.80%

281.25%

 

 

Chicago Straddle

Nov-22

101.77%

93.09%

9.32%

8.68%

84.23%

20.82%

37.11%

174.24%

 

 

PJM West Straddle

Nov-22

86.92%

86.72%

0.23%

0.20%

81.92%

6.10%

28.68%

203.07%

 

 

SP – 15 Straddle

Nov-22

154.30%

199.33%

-22.59%

-45.03%

137.42%

12.28%

25.87%

496.44%

 

 

Mid. C Straddle

Nov-22

231.99%

287.75%

-19.38%

-55.76%

233.08%

-0.47%

35.66%

550.56%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/12/22

10/11/22

% Change

Change

9/14/22

% Change

10/13/21

% Change

 

 

Dutch TTF

Nov-22

EUR 159.90

EUR 154.50

3.50%

EUR 5.40

EUR 230.50

-30.63%

EUR 40.79

292.02%

 

 

NBP

Nov-22

GBP 292.00

GBP 280.00

4.29%

GBP 12.00

GBP 531.40

-45.05%

GBP 107.32

172.07%

 

 

German Base

Nov-22

EUR 344.26

EUR 348.02

-1.08%

-EUR 3.76

EUR 550.44

-37.46%

EUR 106.23

224.07%

 

 

UK Base

Nov-22

GBP 457.49

GBP 476.85

-4.06%

-GBP 19.36

GBP 627.77

-27.12%

GBP 102.71

345.40%

 

 

French Base

Nov-22

EUR 753.67

EUR 725.49

3.88%

EUR 28.18

EUR 1,112.79

-32.27%

EUR 118.24

537.43%

 

 

Italian Base

Nov-22

EUR 384.17

EUR 393.41

-2.35%

-EUR 9.24

EUR 552.33

-30.45%

EUR 115.46

232.73%

 

 

JKM LNG

Nov-22

$34.87

$34.91

-0.13%

-$0.04

$43.48

-19.80%

$16.24

114.68%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

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