Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-17-2022

Oct 17, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 11:02 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.042

$6.453

-6.37%

-$0.411

83,930

 

 

WTI

$85.93

$85.61

0.37%

$0.32

103,068

 

 

Brent

$92.08

$91.63

0.49%

$0.45

15,928

 

 

ULSD

$4.107

$3.980

3.18%

$0.126

15,136

 

 

RBOB

$2.644

$2.631

0.48%

$0.013

13,494

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.98

$6.98

0.00%

$0.00

Dec-22

 

 

3:2:1 Crack

$35.97

$34.50

4.27%

$1.47

Nov-22

 

 

PJM West Spark

$78.59

$71.58

9.78%

$7.00

Nov-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

10/14/22

769

7

226

10/15/21

 

 

Canada

10/14/22

216

1

48

10/15/21

 

 

International

Sept

879

19

92

Sept

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 10/11/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

84,362

83,728

83,957

-229

 

 

PJM West Off Peak

82,821

82,056

82,328

-272

 

 

Natural Gas Henry Hub

468,354

448,167

458,267

-10,100

 

 

WTI – Light Sweet Crude Futures

316,629

258,299

245,363

12,936

 

 

Brent Crude Last Day

177,325

169,082

172,279

-3,197

 

 

NYM Ethanol

21,154

20,577

20,952

-375

 

 

Mt Belvieu LDH Propane Swap

120,450

119,247

119,833

-586

 

 

RBOB

259,846

239,958

245,357

-5,399

 

 

HSC Basis

562,986

558,057

554,387

3,670

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

10/13/17

 

 

 

10/7/22

9/30/22

Net Change

% Change

10/8/2021

% Change

5 Year Avg.

% Change

 

 

East

782

756

26

3.44%

834

-6.24%

867

-9.82%

 

 

Midwest

952

916

36

3.93%

997

-4.51%

1,017

-6.37%

 

 

Mountain

190

184

6

3.26%

210

-9.52%

211

-10.12%

 

 

Pacific

249

247

2

0.81%

251

-0.80%

289

-13.96%

 

 

South

1,058

1,003

55

5.48%

1,079

-1.95%

1,105

-4.25%

 

 

    Salt

253

225

28

12.44%

269

-5.95%

277

-8.73%

 

 

    Non_Salt

804

778

26

3.34%

810

-0.74%

827

-2.83%

 

 

Total

3,231

3,106

125

4.02%

3,369

-4.10%

3,490

-7.41%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

10/14/22

10/13/22

% Change

Change

9/16/22

% Change

10/15/21

% Change

 

 

PJM West On Peak

Nov-22

$91.43

$85.39

7.08%

$6.04

$116.05

-21.22%

$46.17

98.05%

 

 

ERCOT North On Peak

Nov-22

$59.81

$56.62

5.65%

$3.20

$81.12

-26.26%

$41.43

44.38%

 

 

CAISO SP 15 On Peak

Nov-22

$75.14

$75.71

-0.75%

-$0.57

$86.50

-13.13%

$60.44

24.33%

 

 

MISO Indiana On Peak

Nov-22

$88.14

$82.75

6.52%

$5.39

$114.23

-22.84%

$45.59

93.35%

 

 

NEISO Mass On Peak

Nov-22

$102.18

$98.36

3.89%

$3.83

$141.50

-27.79%

$66.16

54.45%

 

 

WECC Mid C On Peak

Nov-22

$75.47

$71.95

4.89%

$3.52

$86.43

-12.68%

$58.13

29.84%

 

 

NYISO Zone G On Peak

Nov-22

$92.08

$92.94

-0.92%

-$0.86

$120.18

-23.38%

$51.10

80.20%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/14/22

10/13/22

% Change

Change

9/16/22

% Change

10/15/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$6.453

$6.741

-4.27%

-$0.29

$7.81

-17.39%

$4.19

53.94%

 

 

Houston Ship Channel

Nov-22

-$0.798

-$0.771

3.56%

-$0.03

-$0.55

44.54%

-$0.08

895.01%

 

 

Chicago

Nov-22

-$0.443

-$0.364

-17.71%

-$0.08

-$0.28

58.81%

-$0.06

627.96%

 

 

Waha

Nov-22

-$3.075

-$3.082

-0.21%

$0.01

-$2.55

20.45%

-$0.37

721.31%

 

 

Algonquin

Nov-22

$3.348

$3.953

-15.31%

-$0.61

$6.24

-46.38%

$2.08

61.27%

 

 

Aeco

Nov-22

-$2.057

-$2.160

-4.74%

$0.10

-$3.73

-44.79%

-$0.87

137.01%

 

 

Socal

Nov-22

-$0.046

$0.004

-1345.95%

-$0.05

-$0.05

-2.74%

$0.58

-107.97%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/14/22

10/13/22

% Change

Change

9/16/22

% Change

10/15/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.810

$0.842

-3.88%

-$0.03

$1.01

-20.21%

$1.06

-23.56%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.830

$0.854

-2.81%

-$0.02

$1.01

-18.19%

$1.06

-21.71%

 

 

Mt. Belview Ethane

Nov-22

$0.423

$0.431

-2.03%

-$0.01

$0.49

-12.91%

$0.34

24.21%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.675

$1.640

2.12%

$0.03

$1.62

3.44%

$1.67

0.19%

 

 

Mt. Belvieu Butane LST

Nov-22

$0.995

$0.974

2.24%

$0.02

$1.10

-9.19%

$1.17

-14.87%

 

 

Conway Propane

Nov-22

$0.835

$0.865

-3.49%

-$0.03

$1.06

-21.00%

$1.10

-24.28%

 

 

Conway Nat. Gasoline

Nov-22

$1.695

$1.656

2.33%

$0.04

$1.66

2.12%

$1.67

1.46%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/14/22

10/13/22

% Change

Change

9/16/22

% Change

10/15/21

% Change

 

 

WTI

Dec-22

$84.65

$87.95

-3.90%

-$3.30

$84.07

0.69%

$72.79

16.29%

 

 

Brent

Dec-22

$91.63

$94.57

-3.21%

-$2.94

$90.05

1.75%

$76.57

19.67%

 

 

WCS

Dec-22

-$31.84

-$29.13

8.50%

-$2.71

-$21.14

50.59%

-$13.60

134.10%

 

 

LLS

Dec-22

$85.64

$88.83

-3.73%

-$3.19

$85.17

0.55%

$74.04

15.67%

 

 

Mars

Dec-22

$79.62

$82.19

-3.23%

-$2.57

$80.65

-1.28%

$70.06

13.65%

 

 

Sour

Dec-22

$80.98

$83.86

-3.55%

-$2.87

$82.64

-2.00%

$71.09

13.91%

 

 

ESPO

Dec-22

$88.89

$89.22

-0.37%

-$0.33

$84.84

4.78%

$74.76

18.89%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/14/22

10/13/22

% Change

Change

9/16/22

% Change

10/15/21

% Change

 

 

NY Heating Oil

Nov-22

$4.00

$4.07

-1.94%

-$0.08

$3.15

27.02%

$2.38

67.97%

 

 

NY Gasoline

Nov-22

$2.64

$2.69

-1.93%

-$0.05

$2.38

10.94%

$2.17

21.70%

 

 

GC Gasoline

Nov-22

$2.54

$2.59

-2.01%

-$0.05

$2.28

11.42%

$2.07

22.75%

 

 

GC Jet

Nov-22

$3.51

$3.49

0.75%

$0.03

$2.70

30.12%

$2.14

63.73%

 

 

Chicago Ethanol

Nov-22

$2.33

$2.31

1.08%

$0.02

$2.29

1.97%

$1.94

20.23%

 

 

Rotterdam Gasoil

Nov-22

$1,002.30

$1,028.11

-2.51%

-$25.81

$866.66

15.65%

$633.52

58.21%

 

 

Singapore Jet Kero

Nov-22

$125.84

$128.90

-2.38%

-$3.07

$108.38

16.11%

$88.85

41.64%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/14/22

10/13/22

% Change

Change

9/16/22

% Change

10/15/21

% Change

 

 

Henry Hub Straddle

Nov-22

89.76%

83.70%

7.24%

6.06%

97.06%

-7.52%

47.54%

88.81%

 

 

Algonquin Straddle

Nov-22

116.12%

110.87%

4.74%

5.25%

92.80%

25.13%

64.73%

79.39%

 

 

Waha Straddle

Nov-22

172.44%

174.67%

-1.28%

-2.23%

130.75%

31.89%

51.13%

237.26%

 

 

Chicago Straddle

Nov-22

101.12%

92.65%

9.14%

8.47%

100.55%

0.57%

44.52%

127.13%

 

 

PJM West Straddle

Nov-22

90.90%

87.83%

3.50%

3.07%

88.06%

3.23%

33.05%

175.04%

 

 

SP – 15 Straddle

Nov-22

141.18%

134.98%

4.59%

6.20%

237.11%

-40.46%

29.30%

381.84%

 

 

Mid. C Straddle

Nov-22

225.53%

269.10%

-16.19%

-43.57%

244.17%

-7.63%

33.52%

572.82%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/14/22

10/13/22

% Change

Change

9/16/22

% Change

10/15/21

% Change

 

 

Dutch TTF

Nov-22

EUR 141.75

EUR 153.86

-7.87%

-EUR 12.11

EUR 201.25

-29.57%

EUR 43.44

226.33%

 

 

NBP

Nov-22

GBP 263.08

GBP 277.00

-5.03%

-GBP 13.92

GBP 442.14

-40.50%

GBP 114.98

128.80%

 

 

German Base

Nov-22

EUR 325.10

EUR 353.00

-7.90%

-EUR 27.90

EUR 533.27

-39.04%

EUR 108.50

199.63%

 

 

UK Base

Nov-22

GBP 385.44

GBP 431.55

-10.68%

-GBP 46.11

GBP 563.16

-31.56%

GBP 97.44

295.55%

 

 

French Base

Nov-22

EUR 633.69

EUR 683.33

-7.26%

-EUR 49.63

EUR 962.04

-34.13%

EUR 115.31

449.54%

 

 

Italian Base

Nov-22

EUR 348.52

EUR 386.25

-9.77%

-EUR 37.74

EUR 538.44

-35.27%

EUR 115.38

202.05%

 

 

JKM LNG

Nov-22

$31.90

$34.02

-6.23%

-$2.12

$40.67

-21.56%

$16.68

91.28%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

10/15/2022

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%

-1.00%

 

 

Middle Atlantic

0

-1

-6

855

199

-56

30.00%

-6.00%

 

 

E N Central

0

-2

-21

825

118

-142

17.00%

-15.00%

 

 

W N Central

0

-3

-7

1,087

162

-30

18.00%

-3.00%

 

 

South Atlantic

27

-3

-21

2,030

201

-51

11.00%

-2.00%

 

 

E S Central

3

-11

-47

1,710

185

45

12.00%

3.00%

 

 

W S Central

45

11

-25

2,803

443

339

19.00%

14.00%

 

 

Mountain

17

3

14

1,373

150

2

12.00%

0.00%

 

 

Pacific

14

4

14

962

272

58

39.00%

6.00%

 

 

United States

13

-1

-11

1,395

218

7

19.00%

1.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/15/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

80

-17

47

308

-69

115

NA

NA

 

 

Middle Atlantic

71

-10

60

244

-37

162

NA

NA

 

 

E N Central

94

9

79

317

1

200

NA

NA

 

 

W N Central

89

7

41

270

-69

125

NA

NA

 

 

South Atlantic

33

1

31

98

16

81

NA

NA

 

 

E S Central

45

5

44

130

24

101

NA

NA

 

 

W S Central

5

-7

3

18

-11

11

NA

NA

 

 

Mountain

50

-21

-57

161

-158

-63

NA

NA

 

 

Pacific

10

-25

-57

48

-126

-104

NA

NA

 

 

United States

49

-6

23

166

-39

72

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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