Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-02-2022

Sep 2, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:28 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$8.983

$9.262

-3.01%

-$0.279

16,289

 

 

WTI

$89.08

$86.61

2.85%

$2.47

106,238

 

 

Brent

$94.86

$96.59

-1.79%

-$1.73

7,771

 

 

ULSD

$3.561

$3.561

-0.01%

$0.000

7,521

 

 

RBOB

$2.462

$2.385

3.23%

$0.077

7,038

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.27

$6.14

2.12%

$0.13

Nov-22

 

 

3:2:1 Crack

$27.92

$28.21

-1.05%

-$0.30

Oct-22

 

 

PJM West Spark

$100.38

$99.38

1.01%

$1.00

Oct-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

Aug

860

27

83

Aug

 

 

 

 

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

 

 

 

 

09/01/17

 

 

 

8/26/22

8/19/22

Net Change

% Change

9/3/2021

% Change

5 Year Avg.

% Change

 

 

East

614

598

16

2.68%

703

-12.66%

730

-15.87%

 

 

Midwest

747

714

33

4.62%

842

-11.28%

833

-10.30%

 

 

Mountain

157

153

4

2.61%

191

-17.80%

189

-17.11%

 

 

Pacific

241

243

-2

-0.82%

243

-0.82%

273

-11.72%

 

 

South

881

871

10

1.15%

943

-6.57%

996

-11.55%

 

 

    Salt

185

184

1

0.54%

208

-11.06%

236

-21.61%

 

 

    Non_Salt

696

687

9

1.31%

735

-5.31%

760

-8.42%

 

 

Total

2,640

2,579

61

2.37%

2,923

-9.68%

3,021

-12.62%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

9/1/22

8/31/22

% Change

Change

8/4/22

% Change

9/2/21

% Change

 

 

PJM West On Peak

Oct-22

$119.62

$119.20

0.36%

$0.42

$104.34

14.65%

$38.34

212.03%

 

 

ERCOT North On Peak

Oct-22

$117.53

$115.55

1.71%

$1.97

$114.57

2.58%

$43.67

169.14%

 

 

CAISO SP 15 On Peak

Oct-22

$103.23

$100.00

3.24%

$3.24

$82.80

24.68%

$57.08

80.87%

 

 

MISO Indiana On Peak

Oct-22

$123.49

$123.02

0.38%

$0.47

$106.40

16.07%

$39.18

215.20%

 

 

NEISO Mass On Peak

Oct-22

$93.19

$94.04

-0.91%

-$0.85

$88.27

5.57%

$39.88

133.66%

 

 

WECC Mid C On Peak

Oct-22

$103.10

$94.55

9.03%

$8.54

$83.59

23.34%

$51.19

101.41%

 

 

NYISO Zone G On Peak

Oct-22

$100.57

$98.04

2.58%

$2.53

$89.96

11.80%

$34.06

195.33%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/1/22

8/31/22

% Change

Change

8/4/22

% Change

9/2/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$9.262

$9.127

1.48%

$0.14

$8.11

14.15%

$3.55

160.83%

 

 

Houston Ship Channel

Oct-22

-$0.727

-$0.810

-10.21%

$0.08

-$0.42

73.17%

-$0.01

5813.01%

 

 

Chicago

Oct-22

-$0.601

-$0.638

6.22%

$0.04

-$0.30

97.18%

-$0.14

337.73%

 

 

Waha

Oct-22

-$2.172

-$2.266

-4.16%

$0.09

-$1.38

57.02%

-$0.44

391.02%

 

 

Algonquin

Oct-22

-$0.614

-$0.623

1.54%

$0.01

-$0.32

90.29%

-$0.64

-4.09%

 

 

Aeco

Oct-22

-$4.162

-$4.189

-0.65%

$0.03

-$3.64

14.30%

-$0.94

343.26%

 

 

Socal

Oct-22

-$0.389

-$0.389

0.08%

$0.00

-$0.38

2.94%

$0.48

-180.58%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/1/22

8/31/22

% Change

Change

8/4/22

% Change

9/2/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$1.072

$1.100

-2.50%

-$0.03

$1.07

-0.23%

$0.86

25.32%

 

 

Mt. Belvieu Propane non LST

Oct-22

$1.072

$1.096

-2.16%

-$0.02

$1.06

1.40%

$0.86

25.31%

 

 

Mt. Belview Ethane

Oct-22

$0.558

$0.597

-6.46%

-$0.04

$0.56

-0.04%

$0.30

86.55%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.588

$1.665

-4.63%

-$0.08

$1.76

-9.61%

$1.41

12.75%

 

 

Mt. Belvieu Butane LST

Oct-22

$1.152

$1.179

-2.33%

-$0.03

$1.21

-5.00%

$0.93

23.48%

 

 

Conway Propane

Oct-22

$1.092

$1.120

-2.47%

-$0.03

$1.09

0.37%

$0.88

24.73%

 

 

Conway Nat. Gasoline

Oct-22

$1.655

$1.690

-2.05%

-$0.03

$1.71

-3.48%

$1.37

20.48%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/1/22

8/31/22

% Change

Change

8/4/22

% Change

9/2/21

% Change

 

 

WTI

Oct-22

$86.61

$89.55

-3.39%

-$2.94

$87.56

-1.08%

$65.34

32.55%

 

 

Brent

Oct-22

$92.92

$96.38

-3.72%

-$3.46

$94.12

-1.28%

$68.32

36.00%

 

 

WCS

Oct-22

-$19.80

-$20.05

-1.26%

$0.25

-$19.53

1.36%

-$11.26

75.89%

 

 

LLS

Oct-22

$88.54

$90.84

-2.60%

-$2.30

$88.24

0.35%

$63.04

40.46%

 

 

Mars

Oct-22

$84.42

$86.99

-3.04%

-$2.56

$86.45

-2.34%

$64.00

31.91%

 

 

Sour

Oct-22

$84.53

$87.38

-3.38%

-$2.85

$85.94

-1.64%

$60.97

38.65%

 

 

ESPO

Oct-22

$91.50

$93.51

-2.20%

-$2.01

$89.12

2.67%

$66.62

37.35%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/1/22

8/31/22

% Change

Change

8/4/22

% Change

9/2/21

% Change

 

 

NY Heating Oil

Oct-22

$3.55

$3.63

-2.31%

-$0.08

$3.29

8.10%

$2.08

70.39%

 

 

NY Gasoline

Oct-22

$2.39

$2.43

-1.89%

-$0.05

$2.56

-6.65%

$1.91

24.60%

 

 

GC Gasoline

Oct-22

$2.29

$2.33

-1.97%

-$0.05

$2.46

-6.92%

$1.82

25.95%

 

 

GC Jet

Oct-22

$3.27

$3.13

4.57%

$0.14

$3.17

3.31%

$1.86

76.35%

 

 

Chicago Ethanol

Oct-22

$2.37

$2.43

-2.47%

-$0.06

$2.26

4.73%

$1.82

29.84%

 

 

Rotterdam Gasoil

Oct-22

$969.08

$1,029.03

-5.83%

-$59.95

$935.92

3.54%

$554.51

74.76%

 

 

Singapore Jet Kero

Oct-22

$128.77

$132.80

-3.03%

-$4.03

$122.88

4.80%

$75.36

70.88%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/1/22

8/31/22

% Change

Change

8/4/22

% Change

9/2/21

% Change

 

 

Henry Hub Straddle

Oct-22

76.13%

76.68%

-0.72%

-0.55%

94.34%

-19.30%

29.24%

160.36%

 

 

Algonquin Straddle

Oct-22

77.59%

77.44%

0.19%

0.15%

102.25%

-24.12%

32.70%

137.28%

 

 

Waha Straddle

Oct-22

95.29%

97.02%

-1.78%

-1.73%

124.80%

-23.65%

34.69%

174.69%

 

 

Chicago Straddle

Oct-22

79.66%

79.77%

-0.14%

-0.11%

96.68%

-17.60%

32.13%

147.93%

 

 

PJM West Straddle

Oct-22

94.19%

100.63%

-6.40%

-6.44%

89.72%

4.98%

24.67%

281.80%

 

 

SP – 15 Straddle

Oct-22

149.62%

168.96%

-11.45%

-19.34%

118.30%

26.48%

22.14%

575.79%

 

 

Mid. C Straddle

Oct-22

130.25%

126.70%

2.80%

3.55%

131.11%

-0.66%

33.47%

289.15%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/1/22

8/31/22

% Change

Change

8/4/22

% Change

9/2/21

% Change

 

 

Dutch TTF

Oct-22

EUR 252.00

EUR 239.10

5.39%

EUR 12.90

EUR 202.00

24.75%

EUR 28.56

782.48%

 

 

NBP

Oct-22

GBP 504.00

GBP 458.10

10.02%

GBP 45.90

GBP 436.40

15.49%

GBP 75.22

570.06%

 

 

German Base

Oct-22

EUR 432.68

EUR 585.02

-26.04%

-EUR 152.34

EUR 410.16

5.49%

EUR 85.44

406.42%

 

 

UK Base

Oct-22

GBP 528.67

GBP 478.35

10.52%

GBP 50.33

GBP 366.83

44.12%

GBP 82.84

538.18%

 

 

French Base

Oct-22

EUR 558.46

EUR 745.41

-25.08%

-EUR 186.95

EUR 528.63

5.64%

EUR 89.71

522.50%

 

 

Italian Base

Oct-22

EUR 532.03

EUR 574.30

-7.36%

-EUR 42.27

EUR 499.19

6.58%

EUR 94.88

460.74%

 

 

JKM LNG

Oct-22

$46.67

$52.62

-11.31%

-$5.95

$46.54

0.28%

$11.60

302.34%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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