Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-07-2022

Sep 7, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:29 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$7.886

$8.145

-3.18%

-$0.259

46,200

 

 

WTI

$83.90

$86.88

-3.43%

-$2.98

134,512

 

 

Brent

$89.88

$92.83

-3.18%

-$2.95

11,429

 

 

ULSD

$3.504

$3.574

-1.94%

-$0.069

4,999

 

 

RBOB

$2.379

$2.416

-1.51%

-$0.037

4,714

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.30

$6.32

-0.32%

-$0.02

Nov-22

 

 

3:2:1 Crack

$29.90

$28.94

3.33%

$0.96

Oct-22

 

 

PJM West Spark

$97.46

$101.50

-3.99%

-$4.05

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

9/6/22

9/2/22

% Change

Change

8/8/22

% Change

9/7/21

% Change

 

 

PJM West On Peak

Oct-22

$114.32

$118.93

-3.88%

-$4.61

$103.05

10.94%

$38.52

196.81%

 

 

ERCOT North On Peak

Oct-22

$110.04

$107.82

2.07%

$2.23

$114.17

-3.61%

$42.59

158.38%

 

 

CAISO SP 15 On Peak

Oct-22

$92.83

$90.82

2.21%

$2.01

$86.63

7.15%

$57.03

62.75%

 

 

MISO Indiana On Peak

Oct-22

$117.11

$122.50

-4.40%

-$5.39

$105.35

11.16%

$39.36

197.50%

 

 

NEISO Mass On Peak

Oct-22

$85.73

$91.84

-6.65%

-$6.11

$84.30

1.70%

$40.02

114.23%

 

 

WECC Mid C On Peak

Oct-22

$90.27

$77.18

16.97%

$13.09

$84.02

7.43%

$51.43

75.53%

 

 

NYISO Zone G On Peak

Oct-22

$97.34

$100.60

-3.24%

-$3.26

$85.80

13.46%

$34.61

181.28%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/6/22

9/2/22

% Change

Change

8/8/22

% Change

9/7/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$8.145

$8.786

-7.30%

-$0.64

$7.58

7.48%

$3.60

126.00%

 

 

Houston Ship Channel

Oct-22

-$0.686

-$0.740

-7.28%

$0.05

-$0.34

99.30%

-$0.02

3312.94%

 

 

Chicago

Oct-22

-$0.563

-$0.576

2.33%

$0.01

-$0.31

80.45%

-$0.15

269.55%

 

 

Waha

Oct-22

-$1.977

-$2.061

-4.07%

$0.08

-$1.44

37.16%

-$0.48

309.72%

 

 

Algonquin

Oct-22

-$0.637

-$0.633

-0.65%

$0.00

-$0.29

122.91%

-$0.62

2.76%

 

 

Aeco

Oct-22

-$4.404

-$4.240

3.85%

-$0.16

-$3.52

25.21%

-$0.93

372.07%

 

 

Socal

Oct-22

-$0.357

-$0.365

-2.27%

$0.01

-$0.37

-4.16%

$0.48

-173.94%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/6/22

9/2/22

% Change

Change

8/8/22

% Change

9/7/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$1.083

$1.079

0.35%

$0.00

$1.05

3.10%

$0.85

26.74%

 

 

Mt. Belvieu Propane non LST

Oct-22

$1.085

$1.080

0.47%

$0.01

$1.04

3.86%

$0.85

27.19%

 

 

Mt. Belview Ethane

Oct-22

$0.578

$0.576

0.42%

$0.00

$0.54

6.28%

$0.29

97.99%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.588

$1.593

-0.32%

-$0.01

$1.74

-8.55%

$1.41

12.95%

 

 

Mt. Belvieu Butane LST

Oct-22

$1.160

$1.169

-0.81%

-$0.01

$1.18

-1.79%

$0.92

26.51%

 

 

Conway Propane

Oct-22

$1.108

$1.099

0.80%

$0.01

$1.07

3.15%

$0.88

25.97%

 

 

Conway Nat. Gasoline

Oct-22

$1.652

$1.635

0.99%

$0.02

$1.70

-2.61%

$1.40

17.77%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/6/22

9/2/22

% Change

Change

8/8/22

% Change

9/7/21

% Change

 

 

WTI

Oct-22

$86.88

$86.87

0.01%

$0.01

$89.93

-3.39%

$64.26

35.20%

 

 

Brent

Oct-22

$93.33

$93.66

-0.35%

-$0.33

$96.65

-3.44%

$67.30

38.68%

 

 

WCS

Oct-22

-$20.82

-$21.35

-2.56%

$0.53

-$19.52

6.68%

-$13.59

53.18%

 

 

LLS

Oct-22

$88.47

$89.33

-0.97%

-$0.86

$89.27

-0.90%

$63.77

38.72%

 

 

Mars

Oct-22

$84.68

$85.28

-0.71%

-$0.60

$85.36

-0.80%

$61.91

36.79%

 

 

Sour

Oct-22

$85.26

$86.33

-1.26%

-$1.07

$87.48

-2.54%

$63.14

35.03%

 

 

ESPO

Oct-22

$93.28

$91.18

2.25%

$2.10

$90.18

3.43%

$65.10

43.28%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/6/22

9/2/22

% Change

Change

8/8/22

% Change

9/7/21

% Change

 

 

NY Heating Oil

Oct-22

$3.58

$3.62

-1.11%

-$0.04

$3.16

13.34%

$2.04

75.34%

 

 

NY Gasoline

Oct-22

$2.42

$2.46

-1.71%

-$0.04

$2.65

-8.64%

$1.91

26.77%

 

 

GC Gasoline

Oct-22

$2.32

$2.36

-1.78%

-$0.04

$2.55

-8.98%

$1.81

28.25%

 

 

GC Jet

Oct-22

$3.25

$3.32

-2.02%

-$0.07

$2.92

11.55%

$1.83

78.01%

 

 

Chicago Ethanol

Oct-22

$2.37

$2.37

0.00%

$0.00

$2.27

4.36%

$1.77

34.20%

 

 

Rotterdam Gasoil

Oct-22

$983.44

$988.20

-0.48%

-$4.76

$886.46

10.94%

$539.82

82.18%

 

 

Singapore Jet Kero

Oct-22

$131.65

$129.08

1.99%

$2.57

$119.37

10.29%

$75.45

74.49%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/6/22

9/2/22

% Change

Change

8/8/22

% Change

9/7/21

% Change

 

 

Henry Hub Straddle

Oct-22

79.93%

77.19%

3.55%

2.74%

92.41%

-13.51%

31.49%

153.83%

 

 

Algonquin Straddle

Oct-22

82.06%

78.89%

4.02%

3.17%

100.84%

-18.62%

35.19%

133.19%

 

 

Waha Straddle

Oct-22

94.77%

91.79%

3.25%

2.98%

133.26%

-28.88%

35.64%

165.91%

 

 

Chicago Straddle

Oct-22

84.34%

77.86%

8.32%

6.48%

98.05%

-13.98%

33.77%

149.75%

 

 

PJM West Straddle

Oct-22

104.13%

97.56%

6.73%

6.57%

89.38%

16.50%

24.61%

323.12%

 

 

SP – 15 Straddle

Oct-22

194.84%

225.45%

-13.58%

-30.61%

115.31%

68.97%

21.62%

801.20%

 

 

Mid. C Straddle

Oct-22

125.29%

127.10%

-1.42%

-1.81%

137.85%

-9.11%

33.56%

273.33%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/6/22

9/2/22

% Change

Change

8/8/22

% Change

9/7/21

% Change

 

 

Dutch TTF

Oct-22

EUR 238.65

EUR 212.00

12.57%

EUR 26.65

EUR 193.10

23.58%

EUR 29.13

719.13%

 

 

NBP

Oct-22

GBP 430.50

GBP 408.00

5.51%

GBP 22.50

GBP 404.00

6.56%

GBP 77.53

455.24%

 

 

German Base

Oct-22

EUR 462.92

EUR 474.22

-2.38%

-EUR 11.30

EUR 395.70

16.99%

EUR 85.29

442.74%

 

 

UK Base

Oct-22

GBP 439.59

GBP 396.27

10.93%

GBP 43.33

GBP 419.30

4.84%

GBP 85.36

414.99%

 

 

French Base

Oct-22

EUR 624.73

EUR 623.73

0.16%

EUR 1.01

EUR 522.64

19.54%

EUR 89.34

599.26%

 

 

Italian Base

Oct-22

EUR 563.94

EUR 462.11

22.04%

EUR 101.83

EUR 492.94

14.40%

EUR 95.45

490.81%

 

 

JKM LNG

Oct-22

$52.42

$52.00

0.82%

$0.42

$45.58

15.01%

$12.08

333.87%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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