Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-18-2022

Oct 18, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:05 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.967

$5.999

-0.53%

-$0.032

14,791

 

 

WTI

$85.14

$85.46

-0.37%

-$0.32

20,547

 

 

Brent

$91.43

$91.62

-0.21%

-$0.19

10,453

 

 

ULSD

$4.132

$4.085

1.15%

$0.047

3,344

 

 

RBOB

$2.582

$2.593

-0.44%

-$0.012

4,592

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.20

$7.09

1.55%

$0.11

Dec-22

 

 

3:2:1 Crack

$35.76

$35.26

1.42%

$0.50

Nov-22

 

 

PJM West Spark

$67.62

$78.60

-13.97%

-$10.98

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

10/17/22

10/14/22

% Change

Change

9/19/22

% Change

10/18/21

% Change

 

 

PJM West On Peak

Nov-22

$80.40

$91.43

-12.07%

-$11.03

$117.95

-31.84%

$44.80

79.46%

 

 

ERCOT North On Peak

Nov-22

$51.48

$59.81

-13.93%

-$8.33

$83.40

-38.27%

$41.63

23.66%

 

 

CAISO SP 15 On Peak

Nov-22

$69.19

$75.14

-7.92%

-$5.95

$90.82

-23.81%

$59.59

16.10%

 

 

MISO Indiana On Peak

Nov-22

$76.72

$88.14

-12.96%

-$11.42

$116.10

-33.92%

$44.87

70.97%

 

 

NEISO Mass On Peak

Nov-22

$88.59

$102.18

-13.30%

-$13.59

$127.70

-30.62%

$66.57

33.07%

 

 

WECC Mid C On Peak

Nov-22

$67.71

$75.47

-10.28%

-$7.76

$83.31

-18.72%

$58.61

15.54%

 

 

NYISO Zone G On Peak

Nov-22

$79.73

$92.08

-13.41%

-$12.35

$111.69

-28.61%

$51.92

53.59%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/17/22

10/14/22

% Change

Change

9/19/22

% Change

10/18/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$5.999

$6.453

-7.04%

-$0.45

$7.80

-23.13%

$4.06

47.61%

 

 

Houston Ship Channel

Nov-22

-$0.812

-$0.798

1.70%

-$0.01

-$0.60

34.30%

-$0.08

900.74%

 

 

Chicago

Nov-22

-$0.441

-$0.443

0.45%

$0.00

-$0.34

31.44%

-$0.07

566.57%

 

 

Waha

Nov-22

-$2.906

-$3.075

-5.48%

$0.17

-$2.42

20.24%

-$0.37

690.43%

 

 

Algonquin

Nov-22

$2.758

$3.348

-17.63%

-$0.59

$5.96

-53.71%

$2.01

37.18%

 

 

Aeco

Nov-22

-$1.902

-$2.057

-7.56%

$0.16

-$3.55

-46.35%

-$0.85

124.68%

 

 

Socal

Nov-22

$0.007

-$0.046

-115.40%

$0.05

-$0.04

-120.00%

$0.59

-98.79%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/17/22

10/14/22

% Change

Change

9/19/22

% Change

10/18/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.805

$0.810

-0.59%

$0.00

$1.00

-19.69%

$1.05

-23.69%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.792

$0.830

-4.59%

-$0.04

$1.02

-22.18%

$1.06

-25.06%

 

 

Mt. Belview Ethane

Nov-22

$0.401

$0.423

-5.03%

-$0.02

$0.45

-11.03%

$0.33

21.59%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.611

$1.675

-3.85%

-$0.06

$1.59

1.36%

$1.66

-2.84%

 

 

Mt. Belvieu Butane LST

Nov-22

$0.926

$0.995

-6.94%

-$0.07

$1.08

-14.35%

$1.17

-20.75%

 

 

Conway Propane

Nov-22

$0.817

$0.835

-2.08%

-$0.02

$1.05

-21.90%

$1.09

-25.04%

 

 

Conway Nat. Gasoline

Nov-22

$1.636

$1.695

-3.50%

-$0.06

$1.62

0.75%

$1.65

-1.09%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/17/22

10/14/22

% Change

Change

9/19/22

% Change

10/18/21

% Change

 

 

WTI

Dec-22

$84.53

$84.65

-0.14%

-$0.12

$84.61

-0.09%

$72.44

16.69%

 

 

Brent

Dec-22

$91.62

$91.63

-0.01%

-$0.01

$90.66

1.06%

$76.10

20.39%

 

 

WCS

Dec-22

-$29.32

-$31.84

-8.59%

$2.52

-$21.06

39.24%

-$13.50

117.19%

 

 

LLS

Dec-22

$85.84

$85.64

0.23%

$0.20

$85.14

0.82%

$72.87

17.79%

 

 

Mars

Dec-22

$79.54

$79.62

-0.09%

-$0.07

$80.38

-1.04%

$70.27

13.20%

 

 

Sour

Dec-22

$80.61

$80.98

-0.46%

-$0.37

$81.42

-0.99%

$71.35

12.99%

 

 

ESPO

Dec-22

$86.75

$88.89

-2.47%

-$2.14

$83.11

4.38%

$73.75

17.63%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/17/22

10/14/22

% Change

Change

9/19/22

% Change

10/18/21

% Change

 

 

NY Heating Oil

Nov-22

$4.09

$4.00

2.38%

$0.10

$3.27

25.22%

$2.36

73.20%

 

 

NY Gasoline

Nov-22

$2.64

$2.64

0.30%

$0.01

$2.41

9.57%

$2.15

22.81%

 

 

GC Gasoline

Nov-22

$2.54

$2.54

0.32%

$0.01

$2.31

9.99%

$2.05

23.92%

 

 

GC Jet

Nov-22

$3.68

$3.51

4.90%

$0.17

$2.99

23.01%

$2.15

71.43%

 

 

Chicago Ethanol

Nov-22

$2.32

$2.33

-0.43%

-$0.01

$2.28

1.89%

$1.93

20.39%

 

 

Rotterdam Gasoil

Nov-22

$1,019.23

$1,002.30

1.69%

$16.93

$881.10

15.68%

$632.42

61.16%

 

 

Singapore Jet Kero

Nov-22

$124.39

$125.84

-1.15%

-$1.45

$114.89

8.27%

$89.29

39.31%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/17/22

10/14/22

% Change

Change

9/19/22

% Change

10/18/21

% Change

 

 

Henry Hub Straddle

Dec-22

106.23%

104.51%

1.65%

1.72%

98.77%

7.55%

47.66%

122.89%

 

 

Algonquin Straddle

Dec-22

147.15%

135.57%

8.54%

11.58%

92.15%

59.69%

53.72%

173.92%

 

 

Waha Straddle

Dec-22

132.49%

123.51%

7.27%

8.98%

121.41%

9.13%

50.69%

161.37%

 

 

Chicago Straddle

Dec-22

110.60%

108.83%

1.63%

1.77%

97.62%

13.30%

44.44%

148.87%

 

 

PJM West Straddle

Dec-22

101.86%

99.46%

2.41%

2.40%

98.54%

3.37%

27.27%

273.52%

 

 

SP – 15 Straddle

Dec-22

157.46%

125.27%

25.70%

32.19%

162.88%

-3.33%

26.11%

503.06%

 

 

Mid. C Straddle

Dec-22

343.81%

330.98%

3.88%

12.83%

195.03%

76.29%

40.57%

747.45%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/17/22

10/14/22

% Change

Change

9/19/22

% Change

10/18/21

% Change

 

 

Dutch TTF

Dec-22

EUR 151.00

EUR 160.25

-5.77%

-EUR 9.25

EUR 195.00

-22.56%

EUR 44.61

238.52%

 

 

NBP

Dec-22

GBP 385.50

GBP 407.90

-5.49%

-GBP 22.40

GBP 520.23

-25.90%

GBP 119.70

222.06%

 

 

German Base

Dec-22

EUR 344.15

EUR 368.22

-6.54%

-EUR 24.07

EUR 542.11

-36.52%

EUR 106.37

223.54%

 

 

UK Base

Dec-22

GBP 521.82

GBP 570.16

-8.48%

-GBP 48.34

GBP 523.89

-0.40%

GBP 117.17

345.36%

 

 

French Base

Dec-22

EUR 1,091.56

EUR 1,127.25

-3.17%

-EUR 35.69

EUR 1,324.54

-17.59%

EUR 123.41

784.51%

 

 

Italian Base

Dec-22

EUR 371.61

EUR 388.82

-4.43%

-EUR 17.21

EUR 502.57

-26.06%

EUR 119.21

211.74%

 

 

JKM LNG

Dec-22

$34.63

$31.90

8.55%

$2.73

$41.80

-17.16%

$16.10

115.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Tropical Outlook

 

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