Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-08-2022

Sep 8, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 9:54 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$7.943

$7.842

1.29%

$0.101

42,495

 

 

WTI

$83.24

$81.94

1.59%

$1.30

162,686

 

 

Brent

$88.76

$88.00

0.86%

$0.76

9,737

 

 

ULSD

$3.506

$3.586

-2.22%

-$0.080

12,242

 

 

RBOB

$2.323

$2.308

0.67%

$0.015

7,999

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.98

$6.37

-6.12%

-$0.39

Nov-22

 

 

3:2:1 Crack

$29.35

$31.01

-5.35%

-$1.66

Oct-22

 

 

PJM West Spark

$94.79

$97.54

-2.82%

-$2.76

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

 

 

 

 

09/08/17

 

 

 

9/2/22

8/26/22

Net Change

% Change

9/3/2021

% Change

5 Year Avg.

% Change

 

 

East

635

614

21

3.42%

703

-9.67%

747

-14.99%

 

 

Midwest

776

747

29

3.88%

842

-7.84%

860

-9.75%

 

 

Mountain

159

157

2

1.27%

191

-16.75%

193

-17.53%

 

 

Pacific

238

241

-3

-1.24%

243

-2.06%

274

-13.27%

 

 

South

887

881

6

0.68%

943

-5.94%

1,008

-12.04%

 

 

    Salt

182

185

-3

-1.62%

208

-12.50%

242

-24.73%

 

 

    Non_Salt

705

696

9

1.29%

735

-4.08%

767

-8.04%

 

 

Total

2,694

2,640

54

2.05%

2,923

-7.83%

3,083

-12.61%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

9/7/22

9/6/22

% Change

Change

8/9/22

% Change

9/8/21

% Change

 

 

PJM West On Peak

Oct-22

$111.65

$114.32

-2.34%

-$2.67

$114.66

-2.63%

$39.45

183.05%

 

 

ERCOT North On Peak

Oct-22

$104.53

$110.04

-5.01%

-$5.51

$121.23

-13.77%

$43.93

137.93%

 

 

CAISO SP 15 On Peak

Oct-22

$89.86

$92.83

-3.19%

-$2.97

$92.08

-2.41%

$59.51

51.00%

 

 

MISO Indiana On Peak

Oct-22

$113.73

$117.11

-2.89%

-$3.38

$117.16

-2.93%

$40.31

182.11%

 

 

NEISO Mass On Peak

Oct-22

$82.02

$85.73

-4.33%

-$3.71

$88.66

-7.49%

$40.01

104.98%

 

 

WECC Mid C On Peak

Oct-22

$88.91

$90.27

-1.50%

-$1.35

$85.05

4.55%

$52.96

67.90%

 

 

NYISO Zone G On Peak

Oct-22

$93.82

$97.34

-3.62%

-$3.52

$93.28

0.58%

$34.99

168.14%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/7/22

9/6/22

% Change

Change

8/9/22

% Change

9/8/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$7.842

$8.145

-3.72%

-$0.30

$7.82

0.22%

$3.72

110.98%

 

 

Houston Ship Channel

Oct-22

-$0.707

-$0.686

3.06%

-$0.02

-$0.37

89.14%

-$0.02

3488.83%

 

 

Chicago

Oct-22

-$0.569

-$0.563

-1.04%

-$0.01

-$0.34

65.39%

-$0.16

255.91%

 

 

Waha

Oct-22

-$2.129

-$1.977

-7.67%

-$0.15

-$1.48

44.29%

-$0.50

324.62%

 

 

Algonquin

Oct-22

-$0.667

-$0.637

-4.64%

-$0.03

-$0.37

80.00%

-$0.63

5.49%

 

 

Aeco

Oct-22

-$4.292

-$4.404

-2.52%

$0.11

-$3.65

17.56%

-$0.92

367.48%

 

 

Socal

Oct-22

-$0.363

-$0.357

1.85%

-$0.01

-$0.34

7.39%

$0.59

-161.78%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/7/22

9/6/22

% Change

Change

8/9/22

% Change

9/8/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$1.040

$1.083

-3.93%

-$0.04

$1.05

-0.95%

$0.85

21.88%

 

 

Mt. Belvieu Propane non LST

Oct-22

$1.063

$1.085

-2.09%

-$0.02

$1.06

-0.20%

$0.85

24.52%

 

 

Mt. Belview Ethane

Oct-22

$0.518

$0.578

-10.43%

-$0.06

$0.56

-7.69%

$0.30

74.53%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.561

$1.588

-1.71%

-$0.03

$1.73

-9.88%

$1.40

11.37%

 

 

Mt. Belvieu Butane LST

Oct-22

$1.129

$1.160

-2.71%

-$0.03

$1.19

-5.49%

$0.92

23.10%

 

 

Conway Propane

Oct-22

$1.078

$1.108

-2.69%

-$0.03

$1.07

0.93%

$0.89

20.93%

 

 

Conway Nat. Gasoline

Oct-22

$1.593

$1.652

-3.53%

-$0.06

$1.71

-6.86%

$1.40

13.94%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/7/22

9/6/22

% Change

Change

8/9/22

% Change

9/8/21

% Change

 

 

WTI

Oct-22

$81.94

$86.88

-6.03%

-$4.94

$89.67

-8.62%

$64.62

26.80%

 

 

Brent

Oct-22

$88.44

$93.33

-5.52%

-$4.89

$96.31

-8.17%

$67.59

30.85%

 

 

WCS

Oct-22

-$20.63

-$20.82

-0.91%

$0.19

-$19.73

4.56%

-$13.33

54.73%

 

 

LLS

Oct-22

$84.34

$88.47

-4.89%

-$4.13

$90.81

-7.12%

$64.59

30.57%

 

 

Mars

Oct-22

$80.78

$84.68

-4.83%

-$3.90

$87.01

-7.16%

$62.70

28.83%

 

 

Sour

Oct-22

$81.61

$85.26

-4.47%

-$3.65

$89.80

-9.12%

$63.93

27.64%

 

 

ESPO

Oct-22

$87.69

$93.28

-6.37%

-$5.59

$91.28

-3.93%

$66.00

32.88%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/7/22

9/6/22

% Change

Change

8/9/22

% Change

9/8/21

% Change

 

 

NY Heating Oil

Oct-22

$3.56

$3.58

-0.42%

-$0.01

$3.30

8.10%

$2.06

72.91%

 

 

NY Gasoline

Oct-22

$2.32

$2.42

-4.34%

-$0.11

$2.71

-14.61%

$1.92

20.32%

 

 

GC Gasoline

Oct-22

$2.21

$2.32

-4.53%

-$0.11

$2.61

-15.17%

$1.82

21.44%

 

 

GC Jet

Oct-22

$3.31

$3.25

1.63%

$0.05

$3.04

8.85%

$1.83

80.32%

 

 

Chicago Ethanol

Oct-22

$2.34

$2.37

-1.22%

-$0.03

$2.30

2.00%

$1.87

25.52%

 

 

Rotterdam Gasoil

Oct-22

$983.92

$983.44

0.05%

$0.47

$919.05

7.06%

$539.36

82.42%

 

 

Singapore Jet Kero

Oct-22

$126.59

$131.65

-3.84%

-$5.06

$120.48

5.07%

$75.28

68.15%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/7/22

9/6/22

% Change

Change

8/9/22

% Change

9/8/21

% Change

 

 

Henry Hub Straddle

Oct-22

72.38%

79.93%

-9.45%

-7.55%

79.21%

-8.62%

31.10%

132.73%

 

 

Algonquin Straddle

Oct-22

76.71%

82.06%

-6.52%

-5.35%

84.87%

-9.61%

34.80%

120.43%

 

 

Waha Straddle

Oct-22

91.55%

94.77%

-3.40%

-3.22%

106.57%

-14.09%

35.67%

156.66%

 

 

Chicago Straddle

Oct-22

75.97%

84.34%

-9.92%

-8.37%

81.66%

-6.97%

34.36%

121.10%

 

 

PJM West Straddle

Oct-22

67.36%

104.13%

-35.31%

-36.77%

90.22%

-25.34%

24.68%

172.93%

 

 

SP – 15 Straddle

Oct-22

248.90%

194.84%

27.75%

54.06%

127.06%

95.89%

20.40%

1120.10%

 

 

Mid. C Straddle

Oct-22

414.54%

125.29%

230.86%

289.25%

171.58%

141.60%

34.75%

1092.92%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/7/22

9/6/22

% Change

Change

8/9/22

% Change

9/8/21

% Change

 

 

Dutch TTF

Oct-22

EUR 207.66

EUR 238.65

-12.98%

-EUR 30.98

EUR 198.40

4.67%

EUR 30.09

590.15%

 

 

NBP

Oct-22

GBP 402.00

GBP 430.50

-6.62%

-GBP 28.50

GBP 412.00

-2.43%

GBP 79.43

406.11%

 

 

German Base

Oct-22

EUR 429.80

EUR 462.92

-7.15%

-EUR 33.12

EUR 393.46

9.23%

EUR 86.14

398.94%

 

 

UK Base

Oct-22

GBP 385.36

GBP 439.59

-12.34%

-GBP 54.23

GBP 396.73

-2.86%

GBP 84.61

355.48%

 

 

French Base

Oct-22

EUR 520.54

EUR 624.73

-16.68%

-EUR 104.19

EUR 535.90

-2.87%

EUR 89.72

480.17%

 

 

Italian Base

Oct-22

EUR 495.58

EUR 563.94

-12.12%

-EUR 68.36

EUR 482.68

2.67%

EUR 93.25

431.46%

 

 

JKM LNG

Oct-22

$45.44

$52.42

-13.32%

-$6.98

$44.54

2.03%

$11.88

282.35%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Tropical Outlook

 

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