Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-20-2022

Oct 20, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:09 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.361

$5.462

-1.85%

-$0.101

15,320

 

 

WTI

$86.76

$85.55

1.41%

$1.21

731

 

 

Brent

$93.03

$92.41

0.67%

$0.62

9,236

 

 

ULSD

$3.855

$3.904

-1.26%

-$0.049

4,274

 

 

RBOB

$2.673

$2.652

0.78%

$0.021

1,199

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.65

$7.89

-3.04%

-$0.24

Dec-22

 

 

3:2:1 Crack

$34.40

$34.79

-1.11%

-$0.39

Nov-22

 

 

PJM West Spark

$60.84

$63.09

-3.57%

-$2.25

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

10/19/22

10/18/22

% Change

Change

9/21/22

% Change

10/20/21

% Change

 

 

PJM West On Peak

Nov-22

$72.35

$74.78

-3.25%

-$2.43

$113.74

-36.39%

$46.24

56.46%

 

 

ERCOT North On Peak

Nov-22

$52.00

$51.02

1.93%

$0.98

$79.67

-34.73%

$40.47

28.49%

 

 

CAISO SP 15 On Peak

Nov-22

$66.51

$71.85

-7.43%

-$5.34

$87.11

-23.65%

$58.56

13.59%

 

 

MISO Indiana On Peak

Nov-22

$69.19

$71.90

-3.77%

-$2.71

$111.88

-38.15%

$46.27

49.54%

 

 

NEISO Mass On Peak

Nov-22

$80.11

$84.70

-5.42%

-$4.59

$124.79

-35.81%

$66.38

20.68%

 

 

WECC Mid C On Peak

Nov-22

$66.14

$72.57

-8.86%

-$6.43

$82.88

-20.20%

$56.67

16.71%

 

 

NYISO Zone G On Peak

Nov-22

$71.59

$72.23

-0.89%

-$0.64

$116.95

-38.79%

$51.44

39.18%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/19/22

10/18/22

% Change

Change

9/21/22

% Change

10/20/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$5.462

$5.745

-4.93%

-$0.28

$7.83

-30.22%

$4.05

34.76%

 

 

Houston Ship Channel

Nov-22

-$0.702

-$0.798

-11.97%

$0.10

-$0.70

-0.34%

-$0.08

781.05%

 

 

Chicago

Nov-22

-$0.390

-$0.389

-0.38%

$0.00

-$0.42

-7.34%

-$0.06

606.52%

 

 

Waha

Nov-22

-$2.566

-$2.765

-7.17%

$0.20

-$2.54

0.88%

-$0.38

573.95%

 

 

Algonquin

Nov-22

$1.990

$2.454

-18.92%

-$0.46

$4.63

-56.98%

$2.06

-3.36%

 

 

Aeco

Nov-22

-$1.392

-$1.715

-18.82%

$0.32

-$3.27

-57.47%

-$0.85

64.63%

 

 

Socal

Nov-22

$0.075

$0.106

-28.92%

-$0.03

-$0.05

-248.03%

$0.58

-87.01%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/19/22

10/18/22

% Change

Change

9/21/22

% Change

10/20/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.843

$0.822

2.57%

$0.02

$0.96

-12.54%

$1.06

-20.37%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.848

$0.810

4.63%

$0.04

$0.97

-12.26%

$1.04

-18.83%

 

 

Mt. Belview Ethane

Nov-22

$0.402

$0.404

-0.53%

$0.00

$0.43

-7.02%

$0.33

23.39%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.604

$1.618

-0.86%

-$0.01

$1.58

1.58%

$1.62

-0.82%

 

 

Mt. Belvieu Butane LST

Nov-22

$0.976

$0.953

2.48%

$0.02

$1.06

-7.77%

$1.16

-15.62%

 

 

Conway Propane

Nov-22

$0.860

$0.826

4.11%

$0.03

$1.00

-14.26%

$1.09

-21.12%

 

 

Conway Nat. Gasoline

Nov-22

$1.637

$1.622

0.94%

$0.02

$1.63

0.34%

$1.62

1.12%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/19/22

10/18/22

% Change

Change

9/21/22

% Change

10/20/21

% Change

 

 

WTI

Dec-22

$84.52

$82.07

2.90%

$2.45

$82.43

2.54%

$73.57

14.88%

 

 

Brent

Dec-22

$92.41

$90.03

2.58%

$2.38

$88.80

4.07%

$77.31

19.53%

 

 

WCS

Dec-22

-$25.71

-$30.93

-20.31%

$5.22

-$21.29

20.72%

-$13.60

89.02%

 

 

LLS

Dec-22

$86.42

$84.02

2.78%

$2.40

$83.35

3.69%

$72.37

19.41%

 

 

Mars

Dec-22

$80.64

$77.38

4.05%

$3.26

$78.79

2.36%

$70.14

14.97%

 

 

Sour

Dec-22

$80.43

$78.96

1.82%

$1.47

$82.44

-2.44%

$70.38

14.28%

 

 

ESPO

Dec-22

$85.76

$84.27

1.73%

$1.49

$85.80

-0.05%

$73.14

17.26%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/19/22

10/18/22

% Change

Change

9/21/22

% Change

10/20/21

% Change

 

 

NY Heating Oil

Nov-22

$3.90

$3.99

-2.33%

-$0.09

$3.25

20.07%

$2.41

62.09%

 

 

NY Gasoline

Nov-22

$2.65

$2.56

3.44%

$0.09

$2.41

10.02%

$2.18

21.53%

 

 

GC Gasoline

Nov-22

$2.55

$2.46

3.58%

$0.09

$2.31

10.45%

$2.08

22.57%

 

 

GC Jet

Nov-22

$3.17

$3.47

-8.61%

-$0.30

$3.10

2.52%

$2.11

50.24%

 

 

Chicago Ethanol

Nov-22

$2.36

$2.34

0.77%

$0.02

$2.27

3.88%

$1.98

19.09%

 

 

Rotterdam Gasoil

Nov-22

$988.82

$1,004.88

-1.60%

-$16.06

$882.30

12.07%

$630.54

56.82%

 

 

Singapore Jet Kero

Nov-22

$119.40

$125.51

-4.87%

-$6.12

$113.84

4.88%

$87.20

36.92%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/19/22

10/18/22

% Change

Change

9/21/22

% Change

10/20/21

% Change

 

 

Henry Hub Straddle

Dec-22

97.81%

98.77%

-0.97%

-0.96%

100.97%

-3.13%

46.06%

112.35%

 

 

Algonquin Straddle

Dec-22

129.59%

135.93%

-4.66%

-6.34%

96.60%

34.15%

50.47%

156.77%

 

 

Waha Straddle

Dec-22

120.62%

120.70%

-0.07%

-0.08%

123.02%

-1.95%

48.86%

146.87%

 

 

Chicago Straddle

Dec-22

100.27%

99.57%

0.70%

0.70%

101.05%

-0.77%

42.87%

133.89%

 

 

PJM West Straddle

Dec-22

95.04%

99.28%

-4.27%

-4.24%

98.10%

-3.12%

26.79%

254.76%

 

 

SP – 15 Straddle

Dec-22

198.83%

166.22%

19.62%

32.61%

135.03%

47.25%

24.36%

716.22%

 

 

Mid. C Straddle

Dec-22

345.29%

364.43%

-5.25%

-19.14%

158.22%

118.23%

34.69%

895.36%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/19/22

10/18/22

% Change

Change

9/21/22

% Change

10/20/21

% Change

 

 

Dutch TTF

Dec-22

EUR 142.05

EUR 141.21

0.59%

EUR 0.84

EUR 203.00

-30.02%

EUR 44.88

216.52%

 

 

NBP

Dec-22

GBP 355.00

GBP 360.00

-1.39%

-GBP 5.00

GBP 525.00

-32.38%

GBP 118.74

198.98%

 

 

German Base

Dec-22

EUR 318.20

EUR 318.00

0.06%

EUR 0.20

EUR 572.34

-44.40%

EUR 113.83

179.54%

 

 

UK Base

Dec-22

GBP 470.72

GBP 482.59

-2.46%

-GBP 11.87

GBP 556.84

-15.47%

GBP 105.29

347.06%

 

 

French Base

Dec-22

EUR 1,077.24

EUR 932.85

15.48%

EUR 144.39

EUR 1,379.62

-21.92%

EUR 127.04

747.98%

 

 

Italian Base

Dec-22

EUR 364.53

EUR 329.39

10.67%

EUR 35.14

EUR 527.16

-30.85%

EUR 124.57

192.64%

 

 

JKM LNG

Dec-22

$36.61

$39.13

-6.42%

-$2.51

$47.82

-23.44%

$17.34

111.09%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

To opt out of this email please follow this link.

Campbell Faulkner | OTC Global Holdings

Quality Data – Reliable Service – Affordable Price

5151 San Felipe Suite 2200
Houston, TX 77056
faulkner.c@otcgh.com
eoxlive.com/market-data

 

This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.

pdf icon All_Products_20221020.pdf