Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-12-2022

Sep 12, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:06 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$7.921

$7.996

-0.94%

-$0.075

9,903

 

 

WTI

$88.15

$86.79

1.57%

$1.36

73,913

 

 

Brent

$94.39

$92.84

1.67%

$1.55

6,535

 

 

ULSD

$3.637

$3.579

1.63%

$0.058

4,109

 

 

RBOB

$2.458

$2.433

1.02%

$0.025

4,726

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.66

$6.48

2.78%

$0.18

Nov-22

 

 

3:2:1 Crack

$30.12

$29.92

0.66%

$0.20

Oct-22

 

 

PJM West Spark

$99.13

$97.16

2.02%

$1.97

Oct-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

09/09/22

759

-1

256

09/10/21

 

 

Canada

09/09/22

205

-3

62

09/10/21

 

 

International

Aug

860

27

83

Aug

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 9/6/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

86,180

85,733

85,978

-245

 

 

PJM West Off Peak

80,413

79,809

80,022

-213

 

 

Natural Gas Henry Hub

483,710

462,400

473,930

-11,530

 

 

WTI – Light Sweet Crude Futures

302,757

244,855

231,701

13,154

 

 

Brent Crude Last Day

175,486

166,836

170,847

-4,011

 

 

NYM Ethanol

28,709

28,348

28,335

13

 

 

Mt Belvieu LDH Propane Swap

115,566

114,244

114,921

-677

 

 

RBOB

246,901

229,278

230,781

-1,503

 

 

HSC Basis

563,506

558,758

557,819

939

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

9/9/22

9/8/22

% Change

Change

8/11/22

% Change

9/10/21

% Change

 

 

PJM West On Peak

Oct-22

$116.07

$114.27

1.58%

$1.80

$112.60

3.08%

$40.20

188.76%

 

 

ERCOT North On Peak

Oct-22

$106.45

$105.39

1.00%

$1.06

$121.77

-12.58%

$44.28

140.39%

 

 

CAISO SP 15 On Peak

Oct-22

$89.10

$89.78

-0.76%

-$0.68

$92.24

-3.40%

$59.00

51.01%

 

 

MISO Indiana On Peak

Oct-22

$117.36

$115.56

1.56%

$1.81

$114.98

2.08%

$40.86

187.25%

 

 

NEISO Mass On Peak

Oct-22

$84.02

$86.46

-2.83%

-$2.44

$93.29

-9.94%

$40.35

108.25%

 

 

WECC Mid C On Peak

Oct-22

$89.27

$87.56

1.95%

$1.71

$94.44

-5.48%

$53.18

67.86%

 

 

NYISO Zone G On Peak

Oct-22

$94.76

$94.04

0.77%

$0.72

$97.30

-2.61%

$35.37

167.92%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/9/22

9/8/22

% Change

Change

8/11/22

% Change

9/10/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$7.996

$7.915

1.02%

$0.08

$8.86

-9.78%

$3.82

109.21%

 

 

Houston Ship Channel

Oct-22

-$0.712

-$0.698

1.98%

-$0.01

-$0.29

143.99%

-$0.02

2830.86%

 

 

Chicago

Oct-22

-$0.561

-$0.540

-3.76%

-$0.02

-$0.30

84.99%

-$0.16

258.96%

 

 

Waha

Oct-22

-$2.202

-$2.148

-2.52%

-$0.05

-$1.39

58.45%

-$0.49

346.71%

 

 

Algonquin

Oct-22

-$0.646

-$0.649

0.42%

$0.00

-$0.36

78.20%

-$0.59

9.54%

 

 

Aeco

Oct-22

-$4.096

-$4.086

0.26%

-$0.01

-$3.61

13.39%

-$0.91

350.51%

 

 

Socal

Oct-22

-$0.366

-$0.366

0.16%

$0.00

-$0.33

11.41%

$0.64

-157.14%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/9/22

9/8/22

% Change

Change

8/11/22

% Change

9/10/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$1.033

$1.025

0.74%

$0.01

$1.08

-4.51%

$0.88

16.88%

 

 

Mt. Belvieu Propane non LST

Oct-22

$1.114

$1.047

6.38%

$0.07

$1.08

2.74%

$0.88

25.95%

 

 

Mt. Belview Ethane

Oct-22

$0.508

$0.519

-2.14%

-$0.01

$0.59

-14.12%

$0.31

64.01%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.533

$1.512

1.39%

$0.02

$1.77

-13.26%

$1.43

7.26%

 

 

Mt. Belvieu Butane LST

Oct-22

$1.115

$1.128

-1.12%

-$0.01

$1.23

-9.20%

$0.96

16.58%

 

 

Conway Propane

Oct-22

$1.046

$1.071

-2.34%

-$0.03

$1.10

-5.11%

$0.92

13.52%

 

 

Conway Nat. Gasoline

Oct-22

$1.558

$1.539

1.23%

$0.02

$1.77

-12.16%

$1.42

9.71%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/9/22

9/8/22

% Change

Change

8/11/22

% Change

9/10/21

% Change

 

 

WTI

Oct-22

$86.79

$83.54

3.74%

$3.25

$93.53

-7.21%

$65.14

33.24%

 

 

Brent

Oct-22

$93.46

$89.65

4.07%

$3.81

$99.60

-6.16%

$68.11

37.22%

 

 

WCS

Oct-22

-$20.96

-$20.55

1.96%

-$0.41

-$21.15

-0.89%

-$12.70

65.02%

 

 

LLS

Oct-22

$87.84

$84.62

3.67%

$3.22

$93.07

-5.62%

$64.75

35.66%

 

 

Mars

Oct-22

$84.36

$81.20

3.75%

$3.17

$89.33

-5.57%

$62.73

34.49%

 

 

Sour

Oct-22

$85.15

$81.62

4.15%

$3.54

$90.24

-5.63%

$64.13

32.78%

 

 

ESPO

Oct-22

$89.94

$87.00

3.27%

$2.94

$95.39

-5.71%

$66.17

35.91%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/9/22

9/8/22

% Change

Change

8/11/22

% Change

9/10/21

% Change

 

 

NY Heating Oil

Oct-22

$3.58

$3.54

1.30%

$0.05

$3.44

3.98%

$2.07

73.00%

 

 

NY Gasoline

Oct-22

$2.42

$2.33

4.08%

$0.10

$2.79

-13.28%

$1.95

23.95%

 

 

GC Gasoline

Oct-22

$2.32

$2.23

4.27%

$0.10

$2.69

-13.78%

$1.85

25.24%

 

 

GC Jet

Oct-22

$3.24

$3.23

0.37%

$0.01

$3.17

2.37%

$1.84

76.17%

 

 

Chicago Ethanol

Oct-22

$2.32

$2.26

2.97%

$0.07

$2.37

-2.06%

$1.78

30.86%

 

 

Rotterdam Gasoil

Oct-22

$992.62

$972.63

2.06%

$19.99

$966.26

2.73%

$545.49

81.97%

 

 

Singapore Jet Kero

Oct-22

$128.23

$125.92

1.84%

$2.31

$125.07

2.53%

$75.95

68.83%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/9/22

9/8/22

% Change

Change

8/11/22

% Change

9/10/21

% Change

 

 

Henry Hub Straddle

Oct-22

74.10%

74.89%

-1.05%

-0.79%

78.09%

-5.11%

33.80%

119.23%

 

 

Algonquin Straddle

Oct-22

79.24%

77.45%

2.31%

1.79%

82.33%

-3.75%

37.85%

109.35%

 

 

Waha Straddle

Oct-22

93.09%

94.11%

-1.08%

-1.02%

108.74%

-14.39%

39.22%

137.35%

 

 

Chicago Straddle

Oct-22

77.46%

77.97%

-0.65%

-0.51%

81.65%

-5.13%

35.82%

116.25%

 

 

PJM West Straddle

Oct-22

62.36%

57.12%

9.17%

5.24%

90.54%

-31.12%

24.90%

150.44%

 

 

SP – 15 Straddle

Oct-22

213.19%

198.24%

7.54%

14.95%

135.91%

56.86%

20.14%

958.54%

 

 

Mid. C Straddle

Oct-22

361.70%

424.24%

-14.74%

-62.54%

156.80%

130.68%

32.31%

1019.47%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/9/22

9/8/22

% Change

Change

8/11/22

% Change

9/10/21

% Change

 

 

Dutch TTF

Oct-22

EUR 207.00

EUR 221.15

-6.40%

-EUR 14.15

EUR 212.60

-2.63%

EUR 31.89

549.19%

 

 

NBP

Oct-22

GBP 375.00

GBP 415.25

-9.69%

-GBP 40.25

GBP 447.75

-16.25%

GBP 83.12

351.15%

 

 

German Base

Oct-22

EUR 413.02

EUR 416.67

-0.88%

-EUR 3.66

EUR 428.50

-3.61%

EUR 90.94

354.15%

 

 

UK Base

Oct-22

GBP 285.26

GBP 403.10

-29.23%

-GBP 117.83

GBP 348.07

-18.04%

GBP 94.59

201.59%

 

 

French Base

Oct-22

EUR 498.50

EUR 568.71

-12.35%

-EUR 70.22

EUR 564.88

-11.75%

EUR 94.92

425.16%

 

 

Italian Base

Oct-22

EUR 483.59

EUR 529.33

-8.64%

-EUR 45.74

EUR 514.68

-6.04%

EUR 103.94

365.28%

 

 

JKM LNG

Oct-22

$48.78

$58.08

-16.00%

-$9.29

$52.37

-6.85%

$12.57

287.97%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

09/10/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

13

4

-2

634

223

20

54.00%

3.00%

 

 

Middle Atlantic

34

13

13

822

197

-16

32.00%

-2.00%

 

 

E N Central

28

7

10

783

110

-68

16.00%

-8.00%

 

 

W N Central

39

9

2

1,016

142

13

16.00%

1.00%

 

 

South Atlantic

81

10

8

1,826

225

42

14.00%

2.00%

 

 

E S Central

67

5

11

1,580

212

158

15.00%

11.00%

 

 

W S Central

93

-3

-16

2,475

405

385

20.00%

18.00%

 

 

Mountain

74

26

4

1,230

142

-11

13.00%

-1.00%

 

 

Pacific

90

55

24

842

254

31

43.00%

4.00%

 

 

United States

61

16

8

1,267

214

53

20.00%

4.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

09/10/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

10

-9

1

27

-34

-20

NA

NA

 

 

Middle Atlantic

2

-8

-3

7

-28

-8

NA

NA

 

 

E N Central

6

-9

-7

24

-30

-16

NA

NA

 

 

W N Central

9

-12

1

20

-51

-6

NA

NA

 

 

South Atlantic

0

-1

-1

0

-2

-1

NA

NA

 

 

E S Central

1

0

-1

1

-1

-2

NA

NA

 

 

W S Central

0

-1

0

0

-1

0

NA

NA

 

 

Mountain

8

-13

7

11

-67

-3

NA

NA

 

 

Pacific

2

-8

1

12

-48

-8

NA

NA

 

 

United States

3

-7

-1

10

-27

-7

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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