Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-06-2022

Sep 6, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:09 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$8.399

$8.786

-4.40%

-$0.387

34,821

 

 

WTI

$86.97

$86.87

0.12%

$0.10

224,430

 

 

Brent

$93.16

$93.02

0.15%

$0.14

19,198

 

 

ULSD

$3.631

$3.578

1.48%

$0.053

14,402

 

 

RBOB

$2.476

$2.464

0.49%

$0.012

10,671

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.56

$6.54

0.31%

$0.02

Nov-22

 

 

3:2:1 Crack

$30.93

$30.04

2.97%

$0.89

Oct-22

 

 

PJM West Spark

$100.97

$100.83

0.14%

$0.14

Oct-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

09/02/22

760

-5

263

09/03/21

 

 

Canada

09/02/22

208

7

56

09/03/21

 

 

International

Aug

860

27

83

Aug

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 8/30/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

99,399

98,852

99,159

-307

 

 

PJM West Off Peak

87,030

86,387

86,789

-402

 

 

Natural Gas Henry Hub

479,376

459,562

469,918

-10,356

 

 

WTI – Light Sweet Crude Futures

155,190

125,045

118,950

6,095

 

 

Brent Crude Last Day

193,768

184,464

188,034

-3,570

 

 

NYM Ethanol

33,908

33,531

33,645

-114

 

 

Mt Belvieu LDH Propane Swap

123,774

122,475

123,228

-753

 

 

RBOB

255,083

236,498

240,140

-3,642

 

 

HSC Basis

607,279

603,332

601,667

1,665

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

9/2/22

9/1/22

% Change

Change

8/5/22

% Change

9/3/21

% Change

 

 

PJM West On Peak

Oct-22

$118.93

$119.62

-0.58%

-$0.69

$105.67

12.55%

$38.11

212.06%

 

 

ERCOT North On Peak

Oct-22

$107.82

$117.53

-8.26%

-$9.71

$117.71

-8.40%

$41.92

157.17%

 

 

CAISO SP 15 On Peak

Oct-22

$90.82

$103.23

-12.03%

-$12.41

$84.27

7.77%

$55.13

64.74%

 

 

MISO Indiana On Peak

Oct-22

$122.50

$123.49

-0.80%

-$0.99

$107.81

13.63%

$38.93

214.65%

 

 

NEISO Mass On Peak

Oct-22

$91.84

$93.19

-1.45%

-$1.35

$90.18

1.84%

$38.98

135.62%

 

 

WECC Mid C On Peak

Oct-22

$77.18

$103.10

-25.14%

-$25.92

$84.87

-9.07%

$50.36

53.26%

 

 

NYISO Zone G On Peak

Oct-22

$100.60

$100.57

0.03%

$0.03

$92.04

9.31%

$34.42

192.32%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/2/22

9/1/22

% Change

Change

8/5/22

% Change

9/3/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$8.786

$9.262

-5.14%

-$0.48

$8.05

9.13%

$3.60

144.39%

 

 

Houston Ship Channel

Oct-22

-$0.740

-$0.727

1.73%

-$0.01

-$0.38

92.78%

-$0.02

4152.30%

 

 

Chicago

Oct-22

-$0.576

-$0.601

4.29%

$0.02

-$0.33

73.43%

-$0.15

292.31%

 

 

Waha

Oct-22

-$2.061

-$2.172

-5.11%

$0.11

-$1.47

40.63%

-$0.48

326.67%

 

 

Algonquin

Oct-22

-$0.633

-$0.614

-3.18%

-$0.02

-$0.32

99.68%

-$0.63

0.92%

 

 

Aeco

Oct-22

-$4.240

-$4.162

1.89%

-$0.08

-$3.58

18.52%

-$0.95

348.05%

 

 

Socal

Oct-22

-$0.365

-$0.389

-6.09%

$0.02

-$0.37

-1.96%

$0.49

-174.21%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/2/22

9/1/22

% Change

Change

8/5/22

% Change

9/3/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$1.079

$1.072

0.59%

$0.01

$1.05

2.26%

$0.86

25.39%

 

 

Mt. Belvieu Propane non LST

Oct-22

$1.080

$1.072

0.70%

$0.01

$1.06

1.45%

$0.87

23.86%

 

 

Mt. Belview Ethane

Oct-22

$0.576

$0.558

3.05%

$0.02

$0.57

1.85%

$0.29

99.53%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.593

$1.588

0.29%

$0.00

$1.71

-6.95%

$1.44

10.74%

 

 

Mt. Belvieu Butane LST

Oct-22

$1.169

$1.152

1.52%

$0.02

$1.20

-2.55%

$0.93

26.10%

 

 

Conway Propane

Oct-22

$1.099

$1.092

0.59%

$0.01

$1.10

-0.11%

$0.88

25.35%

 

 

Conway Nat. Gasoline

Oct-22

$1.635

$1.655

-1.19%

-$0.02

$1.68

-2.54%

$1.44

13.92%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/2/22

9/1/22

% Change

Change

8/5/22

% Change

9/3/21

% Change

 

 

WTI

Oct-22

$86.87

$86.61

0.30%

$0.26

$88.08

-1.37%

$64.92

33.81%

 

 

Brent

Oct-22

$93.66

$92.92

0.79%

$0.74

$94.92

-1.33%

$67.98

37.78%

 

 

WCS

Oct-22

-$21.35

-$19.80

7.26%

-$1.55

-$19.55

9.21%

-$13.05

63.58%

 

 

LLS

Oct-22

$89.33

$88.54

0.88%

$0.79

$89.71

-0.42%

$60.79

46.93%

 

 

Mars

Oct-22

$85.28

$84.42

1.01%

$0.86

$86.01

-0.85%

$63.03

35.30%

 

 

Sour

Oct-22

$86.33

$84.53

2.08%

$1.80

$86.32

0.01%

$64.61

33.61%

 

 

ESPO

Oct-22

$91.18

$91.50

-0.35%

-$0.32

$88.35

3.20%

$66.19

37.76%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/2/22

9/1/22

% Change

Change

8/5/22

% Change

9/3/21

% Change

 

 

NY Heating Oil

Oct-22

$3.62

$3.55

1.86%

$0.07

$3.16

14.28%

$2.07

74.48%

 

 

NY Gasoline

Oct-22

$2.46

$2.39

3.19%

$0.08

$2.59

-4.98%

$1.93

27.37%

 

 

GC Gasoline

Oct-22

$2.36

$2.29

3.32%

$0.08

$2.49

-5.18%

$1.83

28.86%

 

 

GC Jet

Oct-22

$3.32

$3.27

1.47%

$0.05

$3.04

9.32%

$1.85

79.61%

 

 

Chicago Ethanol

Oct-22

$2.37

$2.37

0.13%

$0.00

$2.31

2.64%

$1.78

32.92%

 

 

Rotterdam Gasoil

Oct-22

$988.20

$969.08

1.97%

$19.12

$907.68

8.87%

$546.22

80.92%

 

 

Singapore Jet Kero

Oct-22

$129.08

$128.77

0.24%

$0.31

$120.10

7.48%

$76.62

68.47%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/2/22

9/1/22

% Change

Change

8/5/22

% Change

9/3/21

% Change

 

 

Henry Hub Straddle

Oct-22

77.19%

76.13%

1.39%

1.06%

89.85%

-14.09%

29.23%

164.08%

 

 

Algonquin Straddle

Oct-22

78.89%

77.59%

1.68%

1.30%

97.63%

-19.19%

33.63%

134.58%

 

 

Waha Straddle

Oct-22

91.79%

95.29%

-3.67%

-3.50%

121.66%

-24.55%

34.87%

163.23%

 

 

Chicago Straddle

Oct-22

77.86%

79.66%

-2.26%

-1.80%

93.24%

-16.50%

31.82%

144.69%

 

 

PJM West Straddle

Oct-22

97.56%

94.19%

3.58%

3.37%

89.27%

9.29%

24.60%

296.59%

 

 

SP – 15 Straddle

Oct-22

225.45%

149.62%

50.68%

75.83%

112.98%

99.55%

25.47%

785.16%

 

 

Mid. C Straddle

Oct-22

127.10%

130.25%

-2.42%

-3.15%

128.97%

-1.45%

35.06%

262.52%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/2/22

9/1/22

% Change

Change

8/5/22

% Change

9/3/21

% Change

 

 

Dutch TTF

Oct-22

EUR 212.00

EUR 252.00

-15.87%

-EUR 40.00

EUR 196.60

7.83%

EUR 28.90

633.64%

 

 

NBP

Oct-22

GBP 408.00

GBP 504.00

-19.05%

-GBP 96.00

GBP 419.60

-2.76%

GBP 75.69

439.06%

 

 

German Base

Oct-22

EUR 474.22

EUR 432.68

9.60%

EUR 41.54

EUR 414.57

14.39%

EUR 85.76

452.94%

 

 

UK Base

Oct-22

GBP 396.27

GBP 528.67

-25.04%

-GBP 132.41

GBP 371.93

6.54%

GBP 85.20

365.08%

 

 

French Base

Oct-22

EUR 623.73

EUR 558.46

11.69%

EUR 65.27

EUR 522.36

19.40%

EUR 86.69

619.47%

 

 

Italian Base

Oct-22

EUR 462.11

EUR 532.03

-13.14%

-EUR 69.92

EUR 503.06

-8.14%

EUR 91.59

404.52%

 

 

JKM LNG

Oct-22

$52.00

$46.67

11.41%

$5.32

$45.91

13.25%

$11.31

359.65%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

09/03/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

37

19

15

622

221

22

55.00%

4.00%

 

 

Middle Atlantic

54

25

13

787

183

-29

30.00%

-4.00%

 

 

E N Central

52

23

-1

754

102

-79

16.00%

-9.00%

 

 

W N Central

59

19

2

978

134

11

16.00%

1.00%

 

 

South Atlantic

93

15

1

1,746

217

34

14.00%

2.00%

 

 

E S Central

86

15

5

1,512

206

148

16.00%

11.00%

 

 

W S Central

112

6

-14

2,381

407

401

21.00%

20.00%

 

 

Mountain

78

21

18

1,157

117

-15

11.00%

-1.00%

 

 

Pacific

74

35

30

752

198

8

36.00%

1.00%

 

 

United States

74

21

7

1,206

198

46

20.00%

4.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

09/03/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

6

-6

-3

18

-25

-21

NA

NA

 

 

Middle Atlantic

1

-5

-3

5

-20

-5

NA

NA

 

 

E N Central

1

-9

-5

18

-22

-9

NA

NA

 

 

W N Central

2

-12

-3

11

-40

-6

NA

NA

 

 

South Atlantic

0

-1

0

0

-1

0

NA

NA

 

 

E S Central

0

-1

0

0

-1

-1

NA

NA

 

 

W S Central

0

0

0

0

0

0

NA

NA

 

 

Mountain

0

-16

-3

2

-54

-10

NA

NA

 

 

Pacific

0

-8

-7

9

-41

-9

NA

NA

 

 

United States

1

-5

-3

7

-20

-6

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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