Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-01-2022

Sep 1, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:13 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$9.143

$9.127

0.18%

$0.016

13,253

 

 

WTI

$87.95

$89.55

-1.79%

-$1.60

101,382

 

 

Brent

$93.97

$96.49

-2.61%

-$2.52

7,321

 

 

ULSD

$3.500

$3.715

-5.79%

-$0.215

11,324

 

 

RBOB

$2.384

$2.606

-8.50%

-$0.222

8,294

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.42

$6.61

-2.87%

-$0.19

Nov-22

 

 

3:2:1 Crack

$26.33

$28.36

-7.14%

-$2.03

Oct-22

 

 

PJM West Spark

NA

NA

NA

NA

Sep-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

08/26/22

765

3

257

08/27/21

 

 

Canada

08/26/22

201

0

54

08/27/21

 

 

International

July

833

9

82

July

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 8/23/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

99,093

98,569

98,756

-187

 

 

PJM West Off Peak

86,005

85,351

85,725

-374

 

 

Natural Gas Henry Hub

498,192

477,268

488,839

-11,571

 

 

WTI – Light Sweet Crude Futures

309,249

251,471

235,682

15,789

 

 

Brent Crude Last Day

192,199

184,204

186,562

-2,358

 

 

NYM Ethanol

30,590

30,180

30,337

-157

 

 

Mt Belvieu LDH Propane Swap

119,930

118,715

119,616

-901

 

 

RBOB

267,105

248,813

254,054

-5,241

 

 

HSC Basis

601,034

597,922

594,911

3,011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

08/25/17

 

 

 

8/19/22

8/12/22

Net Change

% Change

8/21/2021

% Change

5 Year Avg.

% Change

 

 

East

598

571

27

4.73%

678

-11.80%

705

-15.15%

 

 

Midwest

714

684

30

4.39%

812

-12.07%

803

-11.04%

 

 

Mountain

153

151

2

1.32%

190

-19.47%

187

-18.36%

 

 

Pacific

243

248

-5

-2.02%

243

0.00%

274

-11.25%

 

 

South

871

866

5

0.58%

948

-8.12%

993

-12.29%

 

 

    Salt

184

185

-1

-0.54%

214

-14.02%

238

-22.82%

 

 

    Non_Salt

687

681

6

0.88%

734

-6.40%

755

-8.96%

 

 

Total

2,579

2,519

60

2.38%

2,871

-10.17%

2,962

-12.92%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

8/31/22

8/30/22

% Change

Change

8/3/22

% Change

9/1/21

% Change

 

 

PJM West On Peak

Sep-22

$118.37

$119.96

-1.32%

-$1.59

$123.03

-3.79%

$40.40

192.98%

 

 

ERCOT North On Peak

Sep-22

$108.33

$111.54

-2.88%

-$3.21

$143.78

-24.65%

$44.34

144.31%

 

 

CAISO SP 15 On Peak

Sep-22

$157.84

$157.98

-0.09%

-$0.14

$106.76

47.85%

$89.66

76.05%

 

 

MISO Indiana On Peak

Sep-22

$122.69

$124.01

-1.06%

-$1.32

$126.42

-2.95%

$42.30

190.04%

 

 

NEISO Mass On Peak

Sep-22

$91.04

$94.04

-3.19%

-$3.00

$107.51

-15.31%

$38.68

135.36%

 

 

WECC Mid C On Peak

Sep-22

$148.08

$138.97

6.56%

$9.11

$104.36

41.90%

$84.81

74.60%

 

 

NYISO Zone G On Peak

Sep-22

$105.65

$104.46

1.15%

$1.20

$116.11

-9.01%

$38.08

177.43%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

8/31/22

8/30/22

% Change

Change

8/3/22

% Change

9/1/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$9.127

$9.042

0.94%

$0.09

$8.26

10.47%

$3.52

159.22%

 

 

Houston Ship Channel

Oct-22

-$0.810

-$0.787

2.94%

-$0.02

-$0.46

76.97%

-$0.03

2618.12%

 

 

Chicago

Oct-22

-$0.638

-$0.659

3.16%

$0.02

-$0.30

115.24%

-$0.13

373.24%

 

 

Waha

Oct-22

-$2.266

-$2.206

-2.73%

-$0.06

-$1.30

74.02%

-$0.43

426.14%

 

 

Algonquin

Oct-22

-$0.623

-$0.617

-0.96%

-$0.01

-$0.30

110.57%

-$0.62

0.02%

 

 

Aeco

Oct-22

-$4.189

-$4.310

-2.81%

$0.12

-$3.33

25.73%

-$0.92

356.72%

 

 

Socal

Oct-22

-$0.389

-$0.387

0.31%

$0.00

-$0.37

4.41%

$0.48

-180.57%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

8/31/22

8/30/22

% Change

Change

8/3/22

% Change

9/1/21

% Change

 

 

Mt. Belvieu Propane LST

Sep-22

$1.100

$1.113

-1.14%

-$0.01

$1.10

0.00%

$0.86

27.52%

 

 

Mt. Belvieu Propane non LST

Sep-22

$1.105

$1.115

-0.91%

-$0.01

$1.12

-1.11%

$0.87

27.13%

 

 

Mt. Belview Ethane

Sep-22

$0.601

$0.589

2.04%

$0.01

$0.57

5.46%

$0.28

114.59%

 

 

Mt. Belview Nat. Gasoline

Sep-22

$1.645

$1.709

-3.74%

-$0.06

$1.83

-9.99%

$1.43

14.79%

 

 

Mt. Belvieu Butane LST

Sep-22

$1.116

$1.125

-0.77%

-$0.01

$1.20

-7.02%

$0.92

21.57%

 

 

Conway Propane

Sep-22

$1.105

$1.105

0.00%

$0.00

$1.10

0.24%

$0.88

26.17%

 

 

Conway Nat. Gasoline

Sep-22

$1.683

$1.787

-5.78%

-$0.10

$1.82

-7.38%

$1.42

18.31%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

8/31/22

8/30/22

% Change

Change

8/3/22

% Change

9/1/21

% Change

 

 

WTI

Oct-22

$89.55

$91.64

-2.33%

-$2.09

$89.74

-0.21%

$64.19

39.51%

 

 

Brent

Oct-22

$96.38

$99.31

-3.04%

-$2.93

$96.78

-0.42%

$67.23

43.35%

 

 

WCS

Oct-22

-$20.05

-$19.95

0.50%

-$0.10

-$20.28

-1.12%

-$11.70

71.35%

 

 

LLS

Oct-22

$90.84

$93.07

-2.45%

-$2.23

$90.81

0.04%

$64.11

41.71%

 

 

Mars

Oct-22

$86.99

$89.37

-2.74%

-$2.38

$88.10

-1.26%

$61.75

40.88%

 

 

Sour

Oct-22

$87.38

$90.34

-3.39%

-$2.96

$88.88

-1.68%

$61.58

41.90%

 

 

ESPO

Oct-22

$93.51

$94.11

-0.64%

-$0.60

$92.75

0.82%

$64.63

44.69%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

8/31/22

8/30/22

% Change

Change

8/3/22

% Change

9/1/21

% Change

 

 

NY Heating Oil

Sep-22

$3.67

$3.84

-4.48%

-$0.17

$3.42

7.19%

$2.03

80.91%

 

 

NY Gasoline

Sep-22

$2.60

$2.68

-3.17%

-$0.09

$2.92

-11.00%

$1.96

32.31%

 

 

GC Gasoline

Sep-22

$2.50

$2.58

-3.29%

-$0.09

$2.82

-11.40%

$1.86

34.05%

 

 

GC Jet

Sep-22

$3.20

$3.48

-8.05%

-$0.28

$3.25

-1.54%

$1.83

74.95%

 

 

Chicago Ethanol

Sep-22

$2.51

$2.58

-2.94%

-$0.08

$2.38

5.30%

$1.83

36.89%

 

 

Rotterdam Gasoil

Sep-22

$1,048.24

$1,062.80

-1.37%

-$14.56

$954.47

9.82%

$542.04

93.39%

 

 

Singapore Jet Kero

Sep-22

$135.60

$145.84

-7.03%

-$10.25

$125.86

7.73%

$75.31

80.06%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

8/31/22

8/30/22

% Change

Change

8/3/22

% Change

9/1/21

% Change

 

 

Henry Hub Straddle

Oct-22

76.68%

83.77%

-8.46%

-7.09%

81.70%

-6.14%

31.89%

140.45%

 

 

Algonquin Straddle

Oct-22

77.44%

85.86%

-9.81%

-8.42%

88.70%

-12.69%

35.62%

117.41%

 

 

Waha Straddle

Oct-22

97.02%

104.69%

-7.33%

-7.67%

112.69%

-13.91%

37.08%

161.65%

 

 

Chicago Straddle

Oct-22

79.77%

87.75%

-9.09%

-7.98%

85.09%

-6.25%

34.85%

128.90%

 

 

PJM West Straddle

Oct-22

100.63%

86.17%

16.78%

14.46%

89.74%

12.14%

24.72%

307.08%

 

 

SP – 15 Straddle

Oct-22

168.96%

125.03%

35.14%

43.93%

166.75%

1.33%

21.76%

676.47%

 

 

Mid. C Straddle

Oct-22

126.70%

128.90%

-1.71%

-2.20%

147.04%

-13.83%

32.60%

288.65%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

8/31/22

8/30/22

% Change

Change

8/3/22

% Change

9/1/21

% Change

 

 

Dutch TTF

Oct-22

EUR 239.10

EUR 271.43

-11.91%

-EUR 32.33

EUR 203.20

17.67%

EUR 28.19

748.28%

 

 

NBP

Oct-22

GBP 458.10

GBP 535.20

-14.41%

-GBP 77.10

GBP 426.00

7.54%

GBP 74.21

517.32%

 

 

German Base

Oct-22

EUR 585.02

EUR 570.00

2.64%

EUR 15.02

EUR 412.00

42.00%

EUR 83.81

598.02%

 

 

UK Base

Oct-22

GBP 478.35

GBP 488.09

-2.00%

-GBP 9.75

GBP 387.13

23.56%

GBP 82.11

482.55%

 

 

French Base

Oct-22

EUR 745.41

EUR 676.05

10.26%

EUR 69.35

EUR 523.03

42.52%

EUR 85.64

770.41%

 

 

Italian Base

Oct-22

EUR 574.30

EUR 631.76

-9.10%

-EUR 57.46

EUR 496.17

15.75%

EUR 90.36

535.60%

 

 

JKM LNG

Oct-22

$49.51

$52.05

-4.88%

-$2.54

$43.87

12.86%

$10.83

357.01%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

08/27/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

55

30

-23

585

201

7

52.00%

1.00%

 

 

Middle Atlantic

67

29

-19

734

160

-41

28.00%

-5.00%

 

 

E N Central

39

2

-46

702

79

-78

13.00%

-10.00%

 

 

W N Central

53

3

-23

919

115

10

14.00%

1.00%

 

 

South Atlantic

93

9

-16

1,653

202

33

14.00%

2.00%

 

 

E S Central

79

0

-30

1,426

191

142

15.00%

11.00%

 

 

W S Central

106

-8

-26

2,269

402

415

22.00%

22.00%

 

 

Mountain

65

1

1

1,079

96

-33

10.00%

-3.00%

 

 

Pacific

64

22

28

677

162

-22

31.00%

-3.00%

 

 

United States

70

10

-16

1,133

177

38

19.00%

4.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

08/27/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

1

-7

1

11

-20

-19

NA

NA

 

 

Middle Atlantic

0

-4

0

4

-15

-2

NA

NA

 

 

E N Central

2

-5

1

17

-13

-3

NA

NA

 

 

W N Central

1

-9

-2

9

-28

-3

NA

NA

 

 

South Atlantic

0

-1

0

0

-1

0

NA

NA

 

 

E S Central

0

-1

0

0

-1

0

NA

NA

 

 

W S Central

0

0

0

0

0

0

NA

NA

 

 

Mountain

0

-11

-4

2

-39

-7

NA

NA

 

 

Pacific

1

-6

-6

9

-32

-2

NA

NA

 

 

United States

0

-4

-1

6

-15

-3

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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