Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-21-2022

Oct 21, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:06 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.103

$5.358

-4.76%

-$0.255

15,725

 

 

WTI

$84.02

$85.98

-2.28%

-$1.96

85,628

 

 

Brent

$91.99

$92.38

-0.42%

-$0.39

7,759

 

 

ULSD

$3.703

$3.757

-1.42%

-$0.054

2,897

 

 

RBOB

$2.638

$2.648

-0.39%

-$0.010

1,117

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.96

$7.87

1.14%

$0.09

Dec-22

 

 

3:2:1 Crack

$33.36

$33.31

0.13%

$0.04

Dec-22

 

 

PJM West Spark

$61.43

$60.88

0.90%

$0.55

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

 

 

 

 

10/20/17

 

 

 

10/14/22

10/7/22

Net Change

% Change

##########

% Change

5 Year Avg.

% Change

 

 

East

812

782

30

3.84%

862

-5.80%

885

-8.21%

 

 

Midwest

987

952

35

3.68%

1,027

-3.89%

1,043

-5.41%

 

 

Mountain

195

190

5

2.63%

211

-7.58%

213

-8.45%

 

 

Pacific

249

249

0

0.00%

253

-1.58%

290

-14.14%

 

 

South

1,099

1,058

41

3.88%

1,108

-0.81%

1,128

-2.59%

 

 

    Salt

271

253

18

7.11%

283

-4.24%

288

-6.03%

 

 

    Non_Salt

828

804

24

2.99%

825

0.36%

840

-1.41%

 

 

Total

3,342

3,231

111

3.44%

3,461

-3.44%

3,560

-6.11%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

10/20/22

10/19/22

% Change

Change

9/22/22

% Change

10/21/21

% Change

 

 

PJM West On Peak

Nov-22

$72.35

$72.35

0.01%

$0.01

$100.91

-28.30%

$46.71

54.88%

 

 

ERCOT North On Peak

Nov-22

$51.21

$52.00

-1.52%

-$0.79

$78.17

-34.49%

$40.43

26.67%

 

 

CAISO SP 15 On Peak

Nov-22

$68.41

$66.51

2.84%

$1.89

$81.22

-15.78%

$59.78

14.44%

 

 

MISO Indiana On Peak

Nov-22

$69.14

$69.19

-0.08%

-$0.05

$99.12

-30.24%

$46.72

47.98%

 

 

NEISO Mass On Peak

Nov-22

$75.21

$80.11

-6.11%

-$4.89

$121.48

-38.09%

$67.74

11.03%

 

 

WECC Mid C On Peak

Nov-22

$64.54

$66.14

-2.42%

-$1.60

$76.47

-15.60%

$58.87

9.63%

 

 

NYISO Zone G On Peak

Nov-22

$66.69

$71.59

-6.85%

-$4.90

$113.43

-41.21%

$52.58

26.83%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/20/22

10/19/22

% Change

Change

9/22/22

% Change

10/21/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$5.358

$5.462

-1.90%

-$0.10

$7.19

-25.51%

$4.11

30.40%

 

 

Houston Ship Channel

Nov-22

-$0.649

-$0.702

-7.53%

$0.05

-$0.72

-9.57%

-$0.08

707.59%

 

 

Chicago

Nov-22

-$0.339

-$0.390

15.01%

$0.05

-$0.44

-23.04%

-$0.04

703.55%

 

 

Waha

Nov-22

-$2.716

-$2.566

-5.83%

-$0.15

-$2.34

16.24%

-$0.38

619.69%

 

 

Algonquin

Nov-22

$2.701

$1.990

35.70%

$0.71

$4.57

-40.86%

$2.04

32.29%

 

 

Aeco

Nov-22

-$1.516

-$1.392

8.89%

-$0.12

-$3.05

-50.35%

-$0.85

78.90%

 

 

Socal

Nov-22

$0.232

$0.075

209.04%

$0.16

-$0.11

-317.60%

$0.57

-59.58%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/20/22

10/19/22

% Change

Change

9/22/22

% Change

10/21/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.835

$0.843

-0.91%

-$0.01

$0.94

-11.51%

$1.05

-20.53%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.836

$0.848

-1.40%

-$0.01

$0.97

-13.77%

$1.05

-20.47%

 

 

Mt. Belview Ethane

Nov-22

$0.382

$0.402

-4.92%

-$0.02

$0.42

-8.34%

$0.33

17.22%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.634

$1.604

1.89%

$0.03

$1.66

-1.73%

$1.63

0.07%

 

 

Mt. Belvieu Butane LST

Nov-22

$0.991

$0.976

1.53%

$0.01

$1.03

-3.65%

$1.14

-12.72%

 

 

Conway Propane

Nov-22

$0.880

$0.860

2.30%

$0.02

$0.99

-11.26%

$1.09

-18.98%

 

 

Conway Nat. Gasoline

Nov-22

$1.659

$1.637

1.36%

$0.02

$1.70

-2.55%

$1.63

1.64%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/20/22

10/19/22

% Change

Change

9/22/22

% Change

10/21/21

% Change

 

 

WTI

Dec-22

$84.51

$84.52

-0.01%

-$0.01

$83.03

1.78%

$72.18

17.08%

 

 

Brent

Dec-22

$92.38

$92.41

-0.03%

-$0.03

$89.53

3.18%

$76.03

21.50%

 

 

WCS

Dec-22

-$25.75

-$25.71

0.17%

-$0.04

-$22.56

14.12%

-$14.23

81.01%

 

 

LLS

Dec-22

$86.14

$86.42

-0.32%

-$0.28

$84.35

2.13%

$72.53

18.76%

 

 

Mars

Dec-22

$80.32

$80.64

-0.40%

-$0.32

$79.81

0.65%

$68.22

17.74%

 

 

Sour

Dec-22

$81.72

$80.43

1.58%

$1.29

$80.84

1.09%

$68.92

18.57%

 

 

ESPO

Dec-22

$86.96

$85.76

1.39%

$1.21

$84.48

2.94%

$73.11

18.95%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/20/22

10/19/22

% Change

Change

9/22/22

% Change

10/21/21

% Change

 

 

NY Heating Oil

Nov-22

$3.76

$3.90

-3.72%

-$0.14

$3.31

13.41%

$2.37

58.77%

 

 

NY Gasoline

Nov-22

$2.65

$2.65

0.08%

$0.00

$2.43

8.88%

$2.16

22.81%

 

 

GC Gasoline

Nov-22

$2.55

$2.55

0.08%

$0.00

$2.33

9.26%

$2.06

23.92%

 

 

GC Jet

Nov-22

$3.41

$3.17

7.63%

$0.24

$3.16

8.10%

$2.13

60.18%

 

 

Chicago Ethanol

Nov-22

$2.46

$2.36

4.33%

$0.10

$2.26

8.85%

$1.91

28.59%

 

 

Rotterdam Gasoil

Nov-22

$983.13

$988.82

-0.58%

-$5.69

$927.01

6.05%

$626.95

56.81%

 

 

Singapore Jet Kero

Nov-22

$122.44

$119.40

2.55%

$3.05

$113.38

8.00%

$87.79

39.47%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/20/22

10/19/22

% Change

Change

9/22/22

% Change

10/21/21

% Change

 

 

Henry Hub Straddle

Dec-22

95.91%

97.81%

-1.94%

-1.90%

118.42%

-19.01%

47.64%

101.32%

 

 

Algonquin Straddle

Dec-22

135.50%

129.59%

4.56%

5.91%

95.78%

41.47%

53.74%

152.14%

 

 

Waha Straddle

Dec-22

125.55%

120.62%

4.09%

4.93%

137.37%

-8.60%

50.44%

148.91%

 

 

Chicago Straddle

Dec-22

97.42%

100.27%

-2.84%

-2.85%

118.59%

-17.85%

45.03%

116.34%

 

 

PJM West Straddle

Dec-22

93.00%

95.04%

-2.15%

-2.04%

89.44%

3.98%

27.22%

241.66%

 

 

SP – 15 Straddle

Dec-22

174.80%

198.83%

-12.09%

-24.03%

144.44%

21.02%

26.34%

563.63%

 

 

Mid. C Straddle

Dec-22

378.38%

345.29%

9.58%

33.09%

182.76%

107.04%

34.67%

991.38%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/20/22

10/19/22

% Change

Change

9/22/22

% Change

10/21/21

% Change

 

 

Dutch TTF

Dec-22

EUR 153.50

EUR 142.05

8.06%

EUR 11.45

EUR 209.50

-26.73%

EUR 43.06

256.50%

 

 

NBP

Dec-22

GBP 379.00

GBP 355.00

6.76%

GBP 24.00

GBP 542.90

-30.19%

GBP 116.46

225.44%

 

 

German Base

Dec-22

EUR 349.00

EUR 318.20

9.68%

EUR 30.80

EUR 562.25

-37.93%

EUR 110.92

214.66%

 

 

UK Base

Dec-22

GBP 518.55

GBP 470.72

10.16%

GBP 47.83

GBP 579.47

-10.51%

GBP 112.08

362.65%

 

 

French Base

Dec-22

EUR 1,127.59

EUR 1,077.24

4.67%

EUR 50.35

EUR 1,435.78

-21.46%

EUR 122.46

820.78%

 

 

Italian Base

Dec-22

EUR 375.54

EUR 364.53

3.02%

EUR 11.01

EUR 552.57

-32.04%

EUR 116.76

221.64%

 

 

JKM LNG

Dec-22

$42.90

$36.61

17.16%

$6.28

$40.63

5.56%

$16.57

158.89%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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