Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-27-2022

Oct 27, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:07 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.606

$5.606

0.00%

$0.000

290

 

 

WTI

$89.13

$87.91

1.39%

$1.22

88,282

 

 

Brent

$96.71

$95.69

1.07%

$1.02

3,668

 

 

ULSD

$4.208

$4.120

2.14%

$0.088

934

 

 

RBOB

$2.933

$2.899

1.14%

$0.033

788

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.56

$7.78

-2.83%

-$0.22

Dec-22

 

 

3:2:1 Crack

$35.54

$35.74

-0.55%

-$0.20

Dec-22

 

 

PJM West Spark

$58.11

$60.86

-4.53%

-$2.76

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

10/26/22

10/25/22

% Change

Change

9/28/22

% Change

10/27/21

% Change

 

 

PJM West On Peak

Nov-22

$70.10

$72.86

-3.78%

-$2.76

$91.50

-23.39%

$48.94

43.25%

 

 

ERCOT North On Peak

Nov-22

$48.14

$51.23

-6.03%

-$3.09

$64.66

-25.55%

$41.60

15.73%

 

 

CAISO SP 15 On Peak

Nov-22

$71.79

$69.53

3.24%

$2.25

$78.60

-8.67%

$62.91

14.11%

 

 

MISO Indiana On Peak

Nov-22

$67.08

$69.97

-4.13%

-$2.89

$89.82

-25.32%

$48.93

37.09%

 

 

NEISO Mass On Peak

Nov-22

$70.74

$79.20

-10.68%

-$8.46

$104.58

-32.37%

$71.33

-0.84%

 

 

WECC Mid C On Peak

Nov-22

$74.27

$71.58

3.76%

$2.69

$77.01

-3.57%

$58.79

26.33%

 

 

NYISO Zone G On Peak

Nov-22

$63.99

$65.25

-1.93%

-$1.26

$101.87

-37.18%

$55.05

16.25%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/26/22

10/25/22

% Change

Change

9/28/22

% Change

10/27/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$5.606

$5.613

-0.12%

-$0.01

$6.95

-19.40%

$4.28

31.13%

 

 

Houston Ship Channel

Nov-22

-$0.710

-$0.661

7.41%

-$0.05

-$0.75

-5.56%

-$0.07

872.60%

 

 

Chicago

Nov-22

-$0.254

-$0.320

26.33%

$0.07

-$0.56

-55.05%

-$0.02

1131.55%

 

 

Waha

Nov-22

-$2.468

-$2.526

-2.26%

$0.06

-$2.97

-16.98%

-$0.36

581.34%

 

 

Algonquin

Nov-22

$1.198

$2.005

-40.24%

-$0.81

$3.63

-66.98%

$2.05

-41.48%

 

 

Aeco

Nov-22

-$1.559

-$1.335

16.77%

-$0.22

-$2.50

-37.69%

-$0.83

88.30%

 

 

Socal

Nov-22

$0.786

$0.526

49.24%

$0.26

-$0.19

-512.82%

$0.58

34.75%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/26/22

10/25/22

% Change

Change

9/28/22

% Change

10/27/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.885

$0.855

3.49%

$0.03

$0.87

1.54%

$1.04

-14.69%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.885

$0.856

3.34%

$0.03

$0.87

1.32%

$1.05

-15.66%

 

 

Mt. Belview Ethane

Nov-22

$0.415

$0.380

9.38%

$0.04

$0.37

13.56%

$0.33

25.22%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.617

$1.611

0.36%

$0.01

$1.57

2.90%

$1.65

-1.74%

 

 

Mt. Belvieu Butane LST

Nov-22

$1.010

$0.987

2.28%

$0.02

$0.97

4.22%

$1.15

-11.90%

 

 

Conway Propane

Nov-22

$0.903

$0.880

2.56%

$0.02

$0.90

-0.17%

$1.08

-16.44%

 

 

Conway Nat. Gasoline

Nov-22

$1.650

$1.615

2.16%

$0.03

$1.58

4.68%

$1.64

0.69%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/26/22

10/25/22

% Change

Change

9/28/22

% Change

10/27/21

% Change

 

 

WTI

Dec-22

$87.91

$85.32

2.95%

$2.59

$81.24

8.21%

$71.86

22.34%

 

 

Brent

Dec-22

$95.69

$93.52

2.27%

$2.17

$88.05

8.68%

$75.57

26.62%

 

 

WCS

Dec-22

-$27.62

-$26.50

4.06%

-$1.12

-$21.34

29.43%

-$13.57

103.52%

 

 

LLS

Dec-22

$89.36

$86.43

3.27%

$2.92

$82.33

8.54%

$71.90

24.28%

 

 

Mars

Dec-22

$83.16

$80.15

3.63%

$3.01

$77.43

7.41%

$68.93

20.65%

 

 

Sour

Dec-22

$84.30

$81.49

3.33%

$2.80

$78.89

6.86%

$69.90

20.60%

 

 

ESPO

Dec-22

$90.07

$88.08

2.21%

$1.99

$81.00

11.20%

$72.67

23.94%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/26/22

10/25/22

% Change

Change

9/28/22

% Change

10/27/21

% Change

 

 

NY Heating Oil

Nov-22

$4.13

$3.94

4.77%

$0.19

$3.34

23.74%

$2.32

77.93%

 

 

NY Gasoline

Nov-22

$2.59

$2.81

-7.73%

-$0.22

$2.32

11.58%

$2.16

19.73%

 

 

GC Gasoline

Nov-22

$2.49

$2.71

-8.01%

-$0.22

$2.22

12.11%

$2.06

20.69%

 

 

GC Jet

Nov-22

$3.48

$3.40

2.12%

$0.07

$3.24

7.25%

$2.08

66.87%

 

 

Chicago Ethanol

Nov-22

$2.40

$2.41

-0.41%

-$0.01

$2.22

7.96%

$2.02

18.64%

 

 

Rotterdam Gasoil

Nov-22

$1,010.62

$983.38

2.77%

$27.24

$884.28

14.29%

$624.00

61.96%

 

 

Singapore Jet Kero

Nov-22

$123.55

$119.65

3.26%

$3.90

$114.10

8.29%

$85.91

43.81%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/26/22

10/25/22

% Change

Change

9/28/22

% Change

10/27/21

% Change

 

 

Henry Hub Straddle

Dec-22

103.72%

90.86%

14.15%

12.86%

90.89%

14.12%

42.66%

143.13%

 

 

Algonquin Straddle

Dec-22

156.63%

140.58%

11.42%

16.05%

126.56%

23.76%

42.58%

267.85%

 

 

Waha Straddle

Dec-22

138.95%

126.91%

9.49%

12.04%

122.08%

13.82%

45.03%

208.57%

 

 

Chicago Straddle

Dec-22

107.81%

94.88%

13.63%

12.93%

91.47%

17.86%

40.87%

163.79%

 

 

PJM West Straddle

Dec-22

89.05%

88.96%

0.10%

0.09%

93.39%

-4.65%

28.36%

214.00%

 

 

SP – 15 Straddle

Dec-22

122.30%

109.82%

11.36%

12.48%

129.81%

-5.79%

22.96%

432.67%

 

 

Mid. C Straddle

Dec-22

310.76%

238.92%

30.07%

71.84%

140.69%

120.88%

41.69%

645.41%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/26/22

10/25/22

% Change

Change

9/28/22

% Change

10/27/21

% Change

 

 

Dutch TTF

Dec-22

EUR 131.00

EUR 132.01

-0.77%

-EUR 1.01

EUR 226.21

-42.09%

EUR 45.17

190.04%

 

 

NBP

Dec-22

GBP 325.50

GBP 328.00

-0.76%

-GBP 2.50

GBP 596.00

-45.39%

GBP 120.55

170.01%

 

 

German Base

Dec-22

EUR 312.00

EUR 309.24

0.89%

EUR 2.76

EUR 548.87

-43.16%

EUR 114.11

173.41%

 

 

UK Base

Dec-22

GBP 349.76

GBP 350.74

-0.28%

-GBP 0.97

GBP 510.60

-31.50%

GBP 96.29

263.23%

 

 

French Base

Dec-22

EUR 794.54

EUR 943.75

-15.81%

-EUR 149.20

EUR 1,642.51

-51.63%

EUR 126.17

529.74%

 

 

Italian Base

Dec-22

EUR 325.95

EUR 349.11

-6.64%

-EUR 23.17

EUR 556.73

-41.45%

EUR 117.59

177.19%

 

 

JKM LNG

Dec-22

$36.46

$37.32

-2.30%

-$0.86

$39.21

-7.01%

$15.65

133.03%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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