Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-09-2022

Sep 9, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:08 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$8.132

$7.915

2.74%

$0.217

15,405

 

 

WTI

$85.50

$83.54

2.35%

$1.96

81,484

 

 

Brent

$91.27

$89.15

2.38%

$2.12

6,702

 

 

ULSD

$3.539

$3.540

-0.03%

-$0.001

5,201

 

 

RBOB

$2.388

$2.346

1.79%

$0.042

3,958

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.28

$6.08

3.29%

$0.20

Nov-22

 

 

3:2:1 Crack

$29.44

$30.14

-2.31%

-$0.70

Oct-22

 

 

PJM West Spark

$96.91

$94.71

2.32%

$2.20

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

9/8/22

9/7/22

% Change

Change

8/10/22

% Change

9/9/21

% Change

 

 

PJM West On Peak

Oct-22

$114.27

$111.65

2.35%

$2.62

$106.50

7.29%

$40.82

179.95%

 

 

ERCOT North On Peak

Oct-22

$105.39

$104.53

0.83%

$0.86

$116.52

-9.55%

$43.82

140.53%

 

 

CAISO SP 15 On Peak

Oct-22

$89.78

$89.86

-0.09%

-$0.08

$86.72

3.53%

$58.10

54.52%

 

 

MISO Indiana On Peak

Oct-22

$115.56

$113.73

1.61%

$1.83

$109.01

6.01%

$41.74

176.85%

 

 

NEISO Mass On Peak

Oct-22

$86.46

$82.02

5.42%

$4.44

$86.71

-0.28%

$40.96

111.11%

 

 

WECC Mid C On Peak

Oct-22

$87.56

$88.91

-1.52%

-$1.35

$85.01

3.00%

$52.84

65.70%

 

 

NYISO Zone G On Peak

Oct-22

$94.04

$93.82

0.23%

$0.21

$90.85

3.51%

$35.52

164.77%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/8/22

9/7/22

% Change

Change

8/10/22

% Change

9/9/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$7.915

$7.842

0.93%

$0.07

$8.19

-3.39%

$3.80

108.56%

 

 

Houston Ship Channel

Oct-22

-$0.698

-$0.707

-1.22%

$0.01

-$0.33

113.84%

-$0.02

3427.27%

 

 

Chicago

Oct-22

-$0.540

-$0.569

5.47%

$0.03

-$0.32

69.85%

-$0.16

241.09%

 

 

Waha

Oct-22

-$2.148

-$2.129

-0.92%

-$0.02

-$1.56

38.04%

-$0.50

330.93%

 

 

Algonquin

Oct-22

-$0.649

-$0.667

2.65%

$0.02

-$0.35

85.91%

-$0.63

3.46%

 

 

Aeco

Oct-22

-$4.086

-$4.292

-4.81%

$0.21

-$3.37

21.14%

-$0.93

341.52%

 

 

Socal

Oct-22

-$0.366

-$0.363

0.58%

$0.00

-$0.33

10.52%

$0.57

-164.45%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/8/22

9/7/22

% Change

Change

8/10/22

% Change

9/9/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$1.025

$1.040

-1.45%

-$0.02

$1.06

-3.65%

$0.89

15.68%

 

 

Mt. Belvieu Propane non LST

Oct-22

$1.047

$1.063

-1.43%

-$0.02

$1.06

-1.55%

$0.89

18.20%

 

 

Mt. Belview Ethane

Oct-22

$0.519

$0.518

0.23%

$0.00

$0.56

-6.73%

$0.31

68.72%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.512

$1.561

-3.12%

-$0.05

$1.73

-12.73%

$1.44

4.94%

 

 

Mt. Belvieu Butane LST

Oct-22

$1.128

$1.129

-0.09%

$0.00

$1.21

-6.69%

$0.97

16.71%

 

 

Conway Propane

Oct-22

$1.071

$1.078

-0.60%

-$0.01

$1.07

-0.03%

$0.96

12.00%

 

 

Conway Nat. Gasoline

Oct-22

$1.539

$1.593

-3.40%

-$0.05

$1.72

-10.52%

$1.44

6.97%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/8/22

9/7/22

% Change

Change

8/10/22

% Change

9/9/21

% Change

 

 

WTI

Oct-22

$83.54

$81.94

1.92%

$1.60

$91.20

-8.40%

$63.83

30.88%

 

 

Brent

Oct-22

$89.65

$88.44

1.35%

$1.21

$97.40

-7.95%

$66.81

34.19%

 

 

WCS

Oct-22

-$20.55

-$20.63

-0.41%

$0.08

-$20.59

-0.19%

-$12.70

61.79%

 

 

LLS

Oct-22

$84.62

$84.34

0.33%

$0.28

$90.63

-6.63%

$62.34

35.74%

 

 

Mars

Oct-22

$81.20

$80.78

0.51%

$0.41

$86.83

-6.49%

$62.89

29.11%

 

 

Sour

Oct-22

$81.62

$81.61

0.01%

$0.01

$87.77

-7.01%

$64.08

27.37%

 

 

ESPO

Oct-22

$87.00

$87.69

-0.80%

-$0.69

$93.60

-7.05%

$66.05

31.71%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/8/22

9/7/22

% Change

Change

8/10/22

% Change

9/9/21

% Change

 

 

NY Heating Oil

Oct-22

$3.54

$3.56

-0.76%

-$0.03

$3.36

5.11%

$2.04

73.54%

 

 

NY Gasoline

Oct-22

$2.33

$2.32

0.52%

$0.01

$2.71

-14.20%

$1.90

22.34%

 

 

GC Gasoline

Oct-22

$2.23

$2.21

0.54%

$0.01

$2.61

-14.74%

$1.80

23.58%

 

 

GC Jet

Oct-22

$3.23

$3.31

-2.24%

-$0.07

$3.05

6.17%

$1.81

78.22%

 

 

Chicago Ethanol

Oct-22

$2.26

$2.34

-3.59%

-$0.08

$2.32

-2.84%

$1.82

24.28%

 

 

Rotterdam Gasoil

Oct-22

$972.63

$983.92

-1.15%

-$11.29

$907.77

7.15%

$534.81

81.86%

 

 

Singapore Jet Kero

Oct-22

$125.92

$126.59

-0.53%

-$0.67

$119.40

5.45%

$75.57

66.62%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/8/22

9/7/22

% Change

Change

8/10/22

% Change

9/9/21

% Change

 

 

Henry Hub Straddle

Oct-22

74.89%

72.38%

3.47%

2.51%

78.03%

-4.02%

30.30%

147.16%

 

 

Algonquin Straddle

Oct-22

77.45%

76.71%

0.96%

0.74%

83.29%

-7.01%

33.95%

128.13%

 

 

Waha Straddle

Oct-22

94.11%

91.55%

2.80%

2.56%

103.11%

-8.73%

35.11%

168.04%

 

 

Chicago Straddle

Oct-22

77.97%

75.97%

2.63%

2.00%

80.69%

-3.37%

32.39%

140.72%

 

 

PJM West Straddle

Oct-22

57.12%

67.36%

-15.20%

-10.24%

89.87%

-36.44%

24.35%

134.58%

 

 

SP – 15 Straddle

Oct-22

198.24%

248.90%

-20.35%

-50.66%

121.99%

62.51%

21.95%

803.14%

 

 

Mid. C Straddle

Oct-22

424.24%

414.54%

2.34%

9.70%

144.07%

194.47%

30.19%

1305.23%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/8/22

9/7/22

% Change

Change

8/10/22

% Change

9/9/21

% Change

 

 

Dutch TTF

Oct-22

EUR 221.15

EUR 207.66

6.50%

EUR 13.49

EUR 210.23

5.20%

EUR 31.57

600.63%

 

 

NBP

Oct-22

GBP 415.25

GBP 402.00

3.30%

GBP 13.25

GBP 441.05

-5.85%

GBP 83.00

400.27%

 

 

German Base

Oct-22

EUR 416.67

EUR 429.80

-3.05%

-EUR 13.12

EUR 414.13

0.61%

EUR 88.45

371.07%

 

 

UK Base

Oct-22

GBP 403.10

GBP 385.36

4.60%

GBP 17.74

GBP 437.88

-7.94%

GBP 82.08

391.11%

 

 

French Base

Oct-22

EUR 568.71

EUR 520.54

9.25%

EUR 48.17

EUR 565.53

0.56%

EUR 93.78

506.41%

 

 

Italian Base

Oct-22

EUR 529.33

EUR 495.58

6.81%

EUR 33.75

EUR 504.16

4.99%

EUR 88.66

497.07%

 

 

JKM LNG

Oct-22

$58.08

$45.44

27.81%

$12.64

$50.62

14.74%

$12.46

365.96%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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