Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-26-2022

Oct 26, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:10 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.385

$5.613

-4.06%

-$0.228

4,358

 

 

WTI

$86.43

$85.32

1.30%

$1.11

78,687

 

 

Brent

$94.45

$93.52

0.99%

$0.93

4,507

 

 

ULSD

$4.027

$3.967

1.51%

$0.060

1,804

 

 

RBOB

$2.961

$2.916

1.54%

$0.045

2,092

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$8.02

$8.20

-2.20%

-$0.18

Dec-22

 

 

3:2:1 Crack

$36.57

$36.42

0.41%

$0.15

Dec-22

 

 

PJM West Spark

$61.34

$57.95

5.85%

$3.39

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

10/15/21

% 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

10/25/22

10/24/22

% Change

Change

9/27/22

% Change

10/26/21

% Change

 

 

PJM West On Peak

Nov-22

$72.86

$69.96

4.15%

$2.90

$92.96

-21.62%

$48.60

49.91%

 

 

ERCOT North On Peak

Nov-22

$51.23

$48.57

5.47%

$2.66

$69.51

-26.30%

$44.09

16.19%

 

 

CAISO SP 15 On Peak

Nov-22

$69.53

$66.45

4.64%

$3.08

$76.21

-8.76%

$61.65

12.78%

 

 

MISO Indiana On Peak

Nov-22

$69.97

$66.82

4.71%

$3.15

$90.89

-23.02%

$48.65

43.83%

 

 

NEISO Mass On Peak

Nov-22

$79.20

$72.51

9.22%

$6.69

$108.08

-26.73%

$69.79

13.49%

 

 

WECC Mid C On Peak

Nov-22

$71.58

$65.01

10.10%

$6.56

$77.07

-7.13%

$60.37

18.56%

 

 

NYISO Zone G On Peak

Nov-22

$65.25

$66.15

-1.37%

-$0.91

$99.22

-34.24%

$53.95

20.95%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/25/22

10/24/22

% Change

Change

9/27/22

% Change

10/26/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$5.613

$5.199

7.96%

$0.41

$6.76

-16.97%

$4.24

32.29%

 

 

Houston Ship Channel

Nov-22

-$0.661

-$0.675

-2.02%

$0.01

-$0.84

-21.59%

-$0.07

811.72%

 

 

Chicago

Nov-22

-$0.320

-$0.383

19.47%

$0.06

-$0.60

-46.47%

-$0.02

1700.56%

 

 

Waha

Nov-22

-$2.526

-$2.411

-4.77%

-$0.11

-$2.89

-12.74%

-$0.36

592.51%

 

 

Algonquin

Nov-22

$2.005

$1.136

76.46%

$0.87

$3.23

-37.91%

$2.07

-2.94%

 

 

Aeco

Nov-22

-$1.335

-$1.134

17.70%

-$0.20

-$2.40

-44.48%

-$0.82

62.19%

 

 

Socal

Nov-22

$0.526

$0.209

151.75%

$0.32

-$0.22

-338.95%

$0.58

-9.12%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/25/22

10/24/22

% Change

Change

9/27/22

% Change

10/26/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.855

$0.844

1.33%

$0.01

$0.87

-1.18%

$1.05

-18.71%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.856

$0.845

1.33%

$0.01

$0.87

-1.26%

$1.05

-18.28%

 

 

Mt. Belview Ethane

Nov-22

$0.380

$0.370

2.77%

$0.01

$0.36

4.15%

$0.34

11.54%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.611

$1.611

0.01%

$0.00

$1.46

10.33%

$1.64

-1.91%

 

 

Mt. Belvieu Butane LST

Nov-22

$0.987

$0.989

-0.13%

$0.00

$0.96

2.41%

$1.14

-13.61%

 

 

Conway Propane

Nov-22

$0.880

$0.868

1.42%

$0.01

$0.90

-2.61%

$1.08

-18.54%

 

 

Conway Nat. Gasoline

Nov-22

$1.615

$1.650

-2.10%

-$0.03

$1.55

4.01%

$1.67

-3.38%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/25/22

10/24/22

% Change

Change

9/27/22

% Change

10/26/21

% Change

 

 

WTI

Dec-22

$85.32

$84.58

0.87%

$0.74

$77.81

9.65%

$73.06

16.78%

 

 

Brent

Dec-22

$93.52

$93.26

0.28%

$0.26

$84.87

10.19%

$76.79

21.79%

 

 

WCS

Dec-22

-$26.50

-$25.57

3.50%

-$0.93

-$22.15

19.64%

-$15.10

75.50%

 

 

LLS

Dec-22

$86.43

$86.01

0.50%

$0.43

$79.22

9.10%

$73.46

17.66%

 

 

Mars

Dec-22

$80.15

$79.88

0.34%

$0.27

$74.68

7.32%

$69.90

14.67%

 

 

Sour

Dec-22

$81.49

$81.31

0.23%

$0.18

$76.17

6.99%

$70.88

14.97%

 

 

ESPO

Dec-22

$88.08

$87.65

0.48%

$0.43

$80.03

10.06%

$74.56

18.14%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/25/22

10/24/22

% Change

Change

9/27/22

% Change

10/26/21

% Change

 

 

NY Heating Oil

Nov-22

$3.94

$3.94

0.00%

$0.00

$3.16

24.80%

$2.37

66.46%

 

 

NY Gasoline

Nov-22

$2.81

$2.74

2.56%

$0.07

$2.38

17.98%

$2.13

31.52%

 

 

GC Gasoline

Nov-22

$2.71

$2.64

2.65%

$0.07

$2.28

18.77%

$2.04

33.07%

 

 

GC Jet

Nov-22

$3.40

$3.32

2.68%

$0.09

$2.86

18.85%

$2.11

61.33%

 

 

Chicago Ethanol

Nov-22

$2.41

$2.41

0.00%

$0.00

$2.19

10.20%

$1.97

22.09%

 

 

Rotterdam Gasoil

Nov-22

$983.38

$993.46

-1.01%

-$10.08

$856.10

14.87%

$630.03

56.08%

 

 

Singapore Jet Kero

Nov-22

$119.65

$121.79

-1.76%

-$2.14

$106.69

12.15%

$87.65

36.50%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/25/22

10/24/22

% Change

Change

9/27/22

% Change

10/26/21

% Change

 

 

Henry Hub Straddle

Dec-22

90.86%

102.29%

-11.17%

-11.43%

98.86%

-8.09%

46.98%

93.40%

 

 

Algonquin Straddle

Dec-22

140.58%

139.06%

1.09%

1.52%

123.64%

13.70%

53.05%

165.00%

 

 

Waha Straddle

Dec-22

126.91%

139.65%

-9.12%

-12.74%

135.40%

-6.27%

50.02%

153.72%

 

 

Chicago Straddle

Dec-22

94.88%

105.09%

-9.72%

-10.21%

95.32%

-0.46%

44.36%

113.89%

 

 

PJM West Straddle

Dec-22

88.96%

90.77%

-1.99%

-1.81%

90.76%

-1.98%

27.27%

226.22%

 

 

SP – 15 Straddle

Dec-22

109.82%

216.32%

-49.23%

-106.50%

105.34%

4.25%

22.47%

388.74%

 

 

Mid. C Straddle

Dec-22

238.92%

363.83%

-34.33%

-124.91%

159.93%

49.39%

39.47%

505.32%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/25/22

10/24/22

% Change

Change

9/27/22

% Change

10/26/21

% Change

 

 

Dutch TTF

Dec-22

EUR 132.01

EUR 132.00

0.01%

EUR 0.01

EUR 229.95

-42.59%

EUR 45.61

189.44%

 

 

NBP

Dec-22

GBP 328.00

GBP 333.34

-1.60%

-GBP 5.34

GBP 601.75

-45.49%

GBP 119.77

173.85%

 

 

German Base

Dec-22

EUR 309.24

EUR 309.00

0.08%

EUR 0.24

EUR 549.44

-43.72%

EUR 114.25

170.67%

 

 

UK Base

Dec-22

GBP 350.74

GBP 375.12

-6.50%

-GBP 24.38

GBP 531.54

-34.02%

GBP 105.41

232.72%

 

 

French Base

Dec-22

EUR 943.75

EUR 935.77

0.85%

EUR 7.98

EUR 1,495.49

-36.89%

EUR 125.23

653.63%

 

 

Italian Base

Dec-22

EUR 349.11

EUR 347.87

0.36%

EUR 1.25

EUR 536.40

-34.92%

EUR 121.62

187.05%

 

 

JKM LNG

Dec-22

$37.32

$37.34

-0.05%

-$0.02

$44.86

-16.82%

$17.26

116.22%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

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