Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-24-2022

Oct 24, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:07 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$4.884

$4.959

-1.51%

-$0.075

9,742

 

 

WTI

$83.09

$85.05

-2.30%

-$1.96

83,898

 

 

Brent

$91.80

$93.50

-1.82%

-$1.70

7,258

 

 

ULSD

$3.823

$3.832

-0.24%

-$0.009

1,055

 

 

RBOB

$2.613

$2.662

-1.86%

-$0.050

1,604

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$8.74

$8.45

3.43%

$0.29

Dec-22

 

 

3:2:1 Crack

$34.46

$33.99

1.38%

$0.47

Dec-22

 

 

PJM West Spark

$55.51

$61.74

-10.10%

-$6.23

Nov-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

10/21/22

771

2

229

10/22/21

 

 

Canada

10/21/22

210

-6

46

10/22/21

 

 

International

Sept

879

19

92

Sept

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 10/18/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

87,644

86,992

87,451

-459

 

 

PJM West Off Peak

86,439

85,681

86,224

-543

 

 

Natural Gas Henry Hub

470,900

450,713

460,813

-10,100

 

 

WTI – Light Sweet Crude Futures

318,425

260,271

246,768

13,503

 

 

Brent Crude Last Day

176,467

167,229

170,574

-3,345

 

 

NYM Ethanol

23,174

22,520

22,966

-446

 

 

Mt Belvieu LDH Propane Swap

126,857

125,617

126,136

-519

 

 

RBOB

256,039

237,230

240,177

-2,947

 

 

HSC Basis

562,895

558,533

552,867

5,666

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

10/21/22

10/20/22

% Change

Change

9/23/22

% Change

10/22/21

% Change

 

 

PJM West On Peak

Nov-22

$65.96

$72.35

-8.84%

-$6.39

$94.32

-30.07%

$46.61

41.51%

 

 

ERCOT North On Peak

Nov-22

$45.85

$51.21

-10.47%

-$5.36

$72.61

-36.86%

$41.40

10.76%

 

 

CAISO SP 15 On Peak

Nov-22

$63.58

$68.41

-7.06%

-$4.83

$78.09

-18.58%

$59.89

6.16%

 

 

MISO Indiana On Peak

Nov-22

$62.92

$69.14

-9.00%

-$6.22

$92.69

-32.12%

$46.64

34.89%

 

 

NEISO Mass On Peak

Nov-22

$71.17

$75.21

-5.38%

-$4.05

$109.78

-35.17%

$67.70

5.12%

 

 

WECC Mid C On Peak

Nov-22

$59.33

$64.54

-8.07%

-$5.21

$76.40

-22.35%

$58.93

0.67%

 

 

NYISO Zone G On Peak

Nov-22

$63.23

$66.69

-5.19%

-$3.46

$103.21

-38.74%

$51.94

21.72%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/21/22

10/20/22

% Change

Change

9/23/22

% Change

10/22/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$4.959

$5.358

-7.45%

-$0.40

$6.99

-29.08%

$4.08

21.54%

 

 

Houston Ship Channel

Nov-22

-$0.668

-$0.649

2.90%

-$0.02

-$0.77

-13.78%

-$0.07

846.32%

 

 

Chicago

Nov-22

-$0.416

-$0.339

-18.51%

-$0.08

-$0.44

-6.24%

-$0.02

1881.43%

 

 

Waha

Nov-22

-$2.801

-$2.716

-3.14%

-$0.09

-$2.81

-0.44%

-$0.37

649.24%

 

 

Algonquin

Nov-22

$2.013

$2.701

-25.45%

-$0.69

$5.53

-63.59%

$2.21

-9.06%

 

 

Aeco

Nov-22

-$1.342

-$1.516

-11.45%

$0.17

-$2.99

-55.11%

-$0.86

56.74%

 

 

Socal

Nov-22

$0.185

$0.232

-20.40%

-$0.05

$0.01

2790.63%

$0.58

-67.87%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/21/22

10/20/22

% Change

Change

9/23/22

% Change

10/22/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.843

$0.835

0.90%

$0.01

$0.90

-6.83%

$1.04

-19.17%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.829

$0.836

-0.83%

-$0.01

$0.91

-8.86%

$1.04

-20.64%

 

 

Mt. Belview Ethane

Nov-22

$0.387

$0.382

1.15%

$0.00

$0.40

-3.99%

$0.32

19.51%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.596

$1.634

-2.31%

-$0.04

$1.56

2.38%

$1.64

-2.43%

 

 

Mt. Belvieu Butane LST

Nov-22

$0.959

$0.991

-3.28%

-$0.03

$1.01

-5.00%

$1.14

-16.10%

 

 

Conway Propane

Nov-22

$0.856

$0.880

-2.69%

-$0.02

$0.94

-9.11%

$1.07

-19.59%

 

 

Conway Nat. Gasoline

Nov-22

$1.620

$1.659

-2.35%

-$0.04

$1.60

1.32%

$1.63

-0.54%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/21/22

10/20/22

% Change

Change

9/23/22

% Change

10/22/21

% Change

 

 

WTI

Dec-22

$85.05

$84.51

0.63%

$0.54

$78.25

8.69%

$72.06

18.03%

 

 

Brent

Dec-22

$93.50

$92.38

1.20%

$1.12

$85.03

9.96%

$76.01

23.01%

 

 

WCS

Dec-22

-$25.48

-$25.75

-1.06%

$0.27

-$21.09

20.83%

-$14.55

75.13%

 

 

LLS

Dec-22

$86.26

$86.14

0.14%

$0.12

$79.78

8.12%

$72.92

18.29%

 

 

Mars

Dec-22

$79.81

$80.32

-0.64%

-$0.51

$75.52

5.68%

$69.74

14.44%

 

 

Sour

Dec-22

$81.17

$81.72

-0.68%

-$0.55

$76.40

6.25%

$70.48

15.17%

 

 

ESPO

Dec-22

$86.86

$86.96

-0.12%

-$0.10

$81.20

6.98%

$73.66

17.92%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/21/22

10/20/22

% Change

Change

9/23/22

% Change

10/22/21

% Change

 

 

NY Heating Oil

Nov-22

$3.83

$3.76

2.00%

$0.07

$3.16

21.13%

$2.36

62.56%

 

 

NY Gasoline

Nov-22

$2.64

$2.65

-0.38%

-$0.01

$2.32

13.90%

$2.14

23.26%

 

 

GC Gasoline

Nov-22

$2.54

$2.55

-0.39%

-$0.01

$2.22

14.52%

$2.04

24.40%

 

 

GC Jet

Nov-22

$3.36

$3.41

-1.76%

-$0.06

$3.00

11.80%

$2.13

57.59%

 

 

Chicago Ethanol

Nov-22

$2.45

$2.46

-0.41%

-$0.01

$2.21

10.61%

$1.92

27.67%

 

 

Rotterdam Gasoil

Nov-22

$970.81

$983.13

-1.25%

-$12.32

$852.74

13.85%

$624.15

55.54%

 

 

Singapore Jet Kero

Nov-22

$118.25

$122.44

-3.42%

-$4.19

$114.99

2.84%

$87.27

35.51%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/21/22

10/20/22

% Change

Change

9/23/22

% Change

10/22/21

% Change

 

 

Henry Hub Straddle

Dec-22

106.77%

95.91%

11.32%

10.86%

109.81%

-2.77%

46.79%

128.19%

 

 

Algonquin Straddle

Dec-22

140.17%

135.50%

3.45%

4.67%

105.72%

32.59%

50.80%

175.93%

 

 

Waha Straddle

Dec-22

130.89%

125.55%

4.25%

5.34%

137.03%

-4.48%

50.33%

160.06%

 

 

Chicago Straddle

Dec-22

110.25%

97.42%

13.17%

12.83%

109.36%

0.81%

43.61%

152.81%

 

 

PJM West Straddle

Dec-22

90.22%

93.00%

-2.99%

-2.78%

91.48%

-1.38%

27.13%

232.55%

 

 

SP – 15 Straddle

Dec-22

160.05%

174.80%

-8.44%

-14.75%

158.06%

1.26%

26.21%

510.64%

 

 

Mid. C Straddle

Dec-22

327.33%

378.38%

-13.49%

-51.05%

196.78%

66.34%

34.48%

849.33%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/21/22

10/20/22

% Change

Change

9/23/22

% Change

10/22/21

% Change

 

 

Dutch TTF

Dec-22

EUR 145.85

EUR 153.50

-4.99%

-EUR 7.65

EUR 204.70

-28.75%

EUR 43.80

232.99%

 

 

NBP

Dec-22

GBP 373.00

GBP 379.00

-1.58%

-GBP 6.00

GBP 542.00

-31.18%

GBP 116.53

220.08%

 

 

German Base

Dec-22

EUR 326.51

EUR 349.00

-6.44%

-EUR 22.49

EUR 539.13

-39.44%

EUR 113.48

187.73%

 

 

UK Base

Dec-22

GBP 429.86

GBP 518.55

-17.10%

-GBP 88.69

GBP 636.71

-32.49%

GBP 104.68

310.63%

 

 

French Base

Dec-22

EUR 1,044.29

EUR 1,127.59

-7.39%

-EUR 83.30

EUR 1,442.69

-27.62%

EUR 128.93

709.95%

 

 

Italian Base

Dec-22

EUR 352.61

EUR 375.54

-6.11%

-EUR 22.94

EUR 551.14

-36.02%

EUR 115.81

204.47%

 

 

JKM LNG

Dec-22

$36.15

$42.90

-15.72%

-$6.74

$37.06

-2.43%

$16.55

118.40%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

10/22/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

-1

651

234

-5

56.00%

-1.00%

 

 

Middle Atlantic

0

0

-2

855

199

-58

30.00%

-6.00%

 

 

E N Central

0

-1

0

825

117

-142

17.00%

-15.00%

 

 

W N Central

0

-1

0

1,087

161

-30

17.00%

-3.00%

 

 

South Atlantic

14

-9

-13

2,044

192

-64

10.00%

-3.00%

 

 

E S Central

1

-7

-3

1,711

177

42

12.00%

3.00%

 

 

W S Central

19

-6

-10

2,821

436

329

18.00%

13.00%

 

 

Mountain

10

1

4

1,383

151

6

12.00%

0.00%

 

 

Pacific

13

7

12

975

279

70

40.00%

8.00%

 

 

United States

7

-3

-2

1,402

216

5

18.00%

0.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/22/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

107

-6

50

415

-76

165

NA

NA

 

 

Middle Atlantic

111

13

61

354

-25

223

NA

NA

 

 

E N Central

133

29

58

450

30

258

NA

NA

 

 

W N Central

139

36

50

410

-32

175

NA

NA

 

 

South Atlantic

66

25

39

164

41

119

NA

NA

 

 

E S Central

94

41

48

224

65

150

NA

NA

 

 

W S Central

39

18

19

58

8

31

NA

NA

 

 

Mountain

61

-26

-19

222

-184

-82

NA

NA

 

 

Pacific

23

-22

-31

72

-147

-135

NA

NA

 

 

United States

82

13

30

248

-26

102

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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