Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-19-2022

Oct 19, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:38 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.536

$5.745

-3.64%

-$0.209

23,024

 

 

WTI

$83.50

$82.82

0.82%

$0.68

8,055

 

 

Brent

$90.60

$90.03

0.63%

$0.57

16,323

 

 

ULSD

$3.888

$3.994

-2.65%

-$0.106

7,490

 

 

RBOB

$2.569

$2.551

0.74%

$0.019

3,767

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.90

$7.96

-0.75%

-$0.06

Dec-22

 

 

3:2:1 Crack

$34.64

$36.14

-4.16%

-$1.51

Nov-22

 

 

PJM West Spark

$62.97

$68.11

-7.54%

-$5.13

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

10/18/22

10/17/22

% Change

Change

9/20/22

% Change

10/19/21

% Change

 

 

PJM West On Peak

Nov-22

$74.78

$80.40

-6.99%

-$5.62

$112.93

-33.78%

$46.18

61.94%

 

 

ERCOT North On Peak

Nov-22

$51.02

$51.48

-0.90%

-$0.46

$80.19

-36.38%

$40.64

25.52%

 

 

CAISO SP 15 On Peak

Nov-22

$71.85

$69.19

3.85%

$2.66

$90.12

-20.28%

$57.37

25.23%

 

 

MISO Indiana On Peak

Nov-22

$71.90

$76.72

-6.28%

-$4.82

$111.12

-35.29%

$46.26

55.42%

 

 

NEISO Mass On Peak

Nov-22

$84.70

$88.59

-4.40%

-$3.90

$130.14

-34.92%

$65.60

29.10%

 

 

WECC Mid C On Peak

Nov-22

$72.57

$67.71

7.17%

$4.86

$83.26

-12.84%

$56.33

28.82%

 

 

NYISO Zone G On Peak

Nov-22

$72.23

$79.73

-9.41%

-$7.50

$120.94

-40.28%

$51.07

41.43%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/18/22

10/17/22

% Change

Change

9/20/22

% Change

10/19/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$5.745

$5.999

-4.23%

-$0.25

$7.77

-26.08%

$4.06

41.40%

 

 

Houston Ship Channel

Nov-22

-$0.798

-$0.812

-1.71%

$0.01

-$0.68

16.61%

-$0.08

893.40%

 

 

Chicago

Nov-22

-$0.389

-$0.441

13.41%

$0.05

-$0.40

-3.67%

-$0.05

652.91%

 

 

Waha

Nov-22

-$2.765

-$2.906

-4.88%

$0.14

-$2.63

5.25%

-$0.37

640.58%

 

 

Algonquin

Nov-22

$2.454

$2.758

-11.01%

-$0.30

$5.08

-51.72%

$2.05

19.85%

 

 

Aeco

Nov-22

-$1.715

-$1.902

-9.84%

$0.19

-$3.37

-49.11%

-$0.85

100.61%

 

 

Socal

Nov-22

$0.106

$0.007

1390.14%

$0.10

-$0.05

-295.93%

$0.58

-81.74%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/18/22

10/17/22

% Change

Change

9/20/22

% Change

10/19/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.822

$0.805

2.05%

$0.02

$1.01

-18.96%

$1.06

-22.22%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.810

$0.792

2.30%

$0.02

$1.02

-20.59%

$1.07

-24.52%

 

 

Mt. Belview Ethane

Nov-22

$0.404

$0.401

0.69%

$0.00

$0.44

-8.67%

$0.33

24.21%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.618

$1.611

0.44%

$0.01

$1.68

-3.46%

$1.64

-1.43%

 

 

Mt. Belvieu Butane LST

Nov-22

$0.953

$0.926

2.84%

$0.03

$1.06

-10.18%

$1.17

-18.33%

 

 

Conway Propane

Nov-22

$0.826

$0.817

1.09%

$0.01

$1.04

-20.37%

$1.09

-24.41%

 

 

Conway Nat. Gasoline

Nov-22

$1.622

$1.636

-0.86%

-$0.01

$1.72

-5.55%

$1.67

-2.62%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/18/22

10/17/22

% Change

Change

9/20/22

% Change

10/19/21

% Change

 

 

WTI

Dec-22

$82.07

$84.53

-3.00%

-$2.46

$83.28

-1.45%

$72.74

12.83%

 

 

Brent

Dec-22

$90.03

$91.62

-1.77%

-$1.59

$89.40

0.70%

$76.50

17.69%

 

 

WCS

Dec-22

-$30.93

-$29.32

5.20%

-$1.61

-$20.80

48.73%

-$13.60

127.42%

 

 

LLS

Dec-22

$84.02

$85.84

-2.16%

-$1.82

$84.58

-0.66%

$73.54

14.26%

 

 

Mars

Dec-22

$77.38

$79.54

-2.80%

-$2.17

$80.04

-3.32%

$69.44

11.44%

 

 

Sour

Dec-22

$78.96

$80.61

-2.09%

-$1.65

$82.08

-3.80%

$69.59

13.47%

 

 

ESPO

Dec-22

$84.27

$86.75

-2.94%

-$2.48

$84.76

-0.58%

$74.22

13.54%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/18/22

10/17/22

% Change

Change

9/20/22

% Change

10/19/21

% Change

 

 

NY Heating Oil

Nov-22

$3.99

$4.09

-2.40%

-$0.10

$3.30

20.96%

$2.37

68.41%

 

 

NY Gasoline

Nov-22

$2.56

$2.64

-3.21%

-$0.09

$2.50

2.48%

$2.14

19.30%

 

 

GC Gasoline

Nov-22

$2.46

$2.54

-3.34%

-$0.08

$2.40

2.59%

$2.05

20.24%

 

 

GC Jet

Nov-22

$3.47

$3.68

-5.75%

-$0.21

$2.99

16.16%

$2.15

61.71%

 

 

Chicago Ethanol

Nov-22

$2.34

$2.32

0.86%

$0.02

$2.29

2.23%

$1.95

19.82%

 

 

Rotterdam Gasoil

Nov-22

$1,004.88

$1,019.23

-1.41%

-$14.35

$892.34

12.61%

$629.49

59.63%

 

 

Singapore Jet Kero

Nov-22

$125.51

$124.39

0.90%

$1.12

$115.28

8.88%

$87.67

43.16%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/18/22

10/17/22

% Change

Change

9/20/22

% Change

10/19/21

% Change

 

 

Henry Hub Straddle

Dec-22

98.77%

106.23%

-7.02%

-7.46%

100.14%

-1.37%

43.57%

126.69%

 

 

Algonquin Straddle

Dec-22

135.93%

147.15%

-7.62%

-11.22%

98.54%

37.94%

44.78%

203.55%

 

 

Waha Straddle

Dec-22

120.70%

132.49%

-8.90%

-11.79%

127.52%

-5.35%

46.22%

161.14%

 

 

Chicago Straddle

Dec-22

99.57%

110.60%

-9.97%

-11.03%

98.73%

0.85%

37.69%

164.18%

 

 

PJM West Straddle

Dec-22

99.28%

101.86%

-2.53%

-2.58%

97.64%

1.68%

27.20%

265.00%

 

 

SP – 15 Straddle

Dec-22

166.22%

157.46%

5.56%

8.76%

113.32%

46.68%

24.48%

579.00%

 

 

Mid. C Straddle

Dec-22

364.43%

343.81%

6.00%

20.62%

151.20%

141.03%

32.03%

1037.78%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/18/22

10/17/22

% Change

Change

9/20/22

% Change

10/19/21

% Change

 

 

Dutch TTF

Dec-22

EUR 141.21

EUR 151.00

-6.48%

-EUR 9.79

EUR 217.46

-35.06%

EUR 44.74

215.65%

 

 

NBP

Dec-22

GBP 360.00

GBP 385.50

-6.61%

-GBP 25.50

GBP 549.00

-34.43%

GBP 118.45

203.93%

 

 

German Base

Dec-22

EUR 318.00

EUR 344.15

-7.60%

-EUR 26.15

EUR 568.54

-44.07%

EUR 106.38

198.92%

 

 

UK Base

Dec-22

GBP 482.59

GBP 521.82

-7.52%

-GBP 39.23

GBP 518.07

-6.85%

GBP 114.82

320.31%

 

 

French Base

Dec-22

EUR 932.85

EUR 1,091.56

-14.54%

-EUR 158.71

EUR 1,438.34

-35.14%

EUR 122.10

664.00%

 

 

Italian Base

Dec-22

EUR 329.39

EUR 371.61

-11.36%

-EUR 42.22

EUR 507.89

-35.15%

EUR 117.18

181.09%

 

 

JKM LNG

Dec-22

$39.13

$34.63

13.00%

$4.50

$38.75

0.97%

$16.80

132.96%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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