Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-14-2022

Sep 14, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:58 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$8.813

$8.284

6.39%

$0.529

35,570

 

 

WTI

$89.48

$87.31

2.49%

$2.17

123,819

 

 

Brent

$95.22

$93.17

2.20%

$2.05

12,159

 

 

ULSD

$3.452

$3.541

-2.53%

-$0.090

22,808

 

 

RBOB

$2.537

$2.480

2.30%

$0.057

14,303

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.25

$6.28

-0.48%

-$0.03

Nov-22

 

 

3:2:1 Crack

$28.50

$30.24

-5.74%

-$1.74

Oct-22

 

 

PJM West Spark

$102.38

$101.29

1.08%

$1.09

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

9/13/22

9/12/22

% Change

Change

8/15/22

% Change

9/14/21

% Change

 

 

PJM West On Peak

Oct-22

$121.24

$119.01

1.87%

$2.23

$110.93

9.29%

$40.11

202.25%

 

 

ERCOT North On Peak

Oct-22

$102.59

$106.86

-4.00%

-$4.27

$111.58

-8.06%

$45.52

125.38%

 

 

CAISO SP 15 On Peak

Oct-22

$96.82

$94.13

2.86%

$2.69

$86.93

11.38%

$64.33

50.51%

 

 

MISO Indiana On Peak

Oct-22

$121.41

$119.89

1.27%

$1.52

$112.56

7.86%

$40.76

197.84%

 

 

NEISO Mass On Peak

Oct-22

$93.29

$78.18

19.33%

$15.11

$90.30

3.31%

$41.85

122.89%

 

 

WECC Mid C On Peak

Oct-22

$92.88

$98.54

-5.74%

-$5.66

$85.20

9.02%

$51.48

80.41%

 

 

NYISO Zone G On Peak

Oct-22

$97.75

$96.63

1.16%

$1.12

$89.81

8.84%

$35.54

175.07%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/13/22

9/12/22

% Change

Change

8/15/22

% Change

9/14/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$8.284

$8.249

0.42%

$0.04

$8.71

-4.91%

$3.89

112.96%

 

 

Houston Ship Channel

Oct-22

-$0.662

-$0.775

-14.59%

$0.11

-$0.34

95.42%

-$0.03

1802.01%

 

 

Chicago

Oct-22

-$0.539

-$0.596

10.61%

$0.06

-$0.33

64.32%

-$0.15

248.39%

 

 

Waha

Oct-22

-$2.379

-$2.547

-6.61%

$0.17

-$1.66

43.71%

-$0.48

390.76%

 

 

Algonquin

Oct-22

-$0.597

-$0.673

11.24%

$0.08

-$0.54

11.25%

-$0.58

2.12%

 

 

Aeco

Oct-22

-$4.397

-$4.666

-5.76%

$0.27

-$3.88

13.36%

-$0.93

374.52%

 

 

Socal

Oct-22

-$0.368

-$0.365

0.88%

$0.00

-$0.23

59.06%

$0.85

-143.32%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/13/22

9/12/22

% Change

Change

8/15/22

% Change

9/14/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$1.059

$1.050

0.83%

$0.01

$1.06

0.12%

$0.91

16.11%

 

 

Mt. Belvieu Propane non LST

Oct-22

$1.056

$1.037

1.85%

$0.02

$1.03

2.23%

$0.91

16.36%

 

 

Mt. Belview Ethane

Oct-22

$0.495

$0.500

-1.00%

-$0.01

$0.60

-18.10%

$0.31

57.99%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.631

$1.587

2.79%

$0.04

$1.75

-6.95%

$1.46

11.40%

 

 

Mt. Belvieu Butane LST

Oct-22

$1.124

$1.105

1.69%

$0.02

$1.21

-7.36%

$0.99

13.47%

 

 

Conway Propane

Oct-22

$1.075

$1.073

0.22%

$0.00

$1.08

-0.80%

$0.94

14.95%

 

 

Conway Nat. Gasoline

Oct-22

$1.646

$1.610

2.21%

$0.04

$1.73

-5.05%

$1.46

13.10%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/13/22

9/12/22

% Change

Change

8/15/22

% Change

9/14/21

% Change

 

 

WTI

Nov-22

$86.89

$87.41

-0.60%

-$0.52

$88.41

-1.72%

$65.07

33.53%

 

 

Brent

Nov-22

$93.17

$94.00

-0.89%

-$0.83

$94.28

-1.18%

$68.16

36.69%

 

 

WCS

Nov-22

-$20.53

-$20.67

-0.67%

$0.14

-$19.75

3.95%

-$13.05

57.29%

 

 

LLS

Nov-22

$88.75

$88.97

-0.24%

-$0.22

$88.77

-0.02%

$64.76

37.05%

 

 

Mars

Nov-22

$85.11

$85.52

-0.48%

-$0.41

$85.30

-0.22%

$63.54

33.95%

 

 

Sour

Nov-22

$84.33

$86.66

-2.76%

-$2.33

$86.10

-2.05%

$64.89

29.95%

 

 

ESPO

Nov-22

$89.75

$89.93

-0.20%

-$0.18

$89.36

0.44%

$66.95

34.07%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/13/22

9/12/22

% Change

Change

8/15/22

% Change

9/14/21

% Change

 

 

NY Heating Oil

Oct-22

$3.56

$3.60

-1.25%

-$0.05

$3.44

3.46%

$2.07

72.00%

 

 

NY Gasoline

Oct-22

$2.46

$2.46

0.08%

$0.00

$2.71

-9.05%

$1.95

26.05%

 

 

GC Gasoline

Oct-22

$2.36

$2.36

0.08%

$0.00

$2.61

-9.39%

$1.85

27.45%

 

 

GC Jet

Oct-22

$3.27

$3.32

-1.48%

-$0.05

$3.17

3.15%

$1.88

74.00%

 

 

Chicago Ethanol

Oct-22

$2.52

$2.39

5.14%

$0.12

$2.40

5.01%

$1.88

33.83%

 

 

Rotterdam Gasoil

Oct-22

$993.60

$1,017.83

-2.38%

-$24.23

$957.16

3.81%

$550.65

80.44%

 

 

Singapore Jet Kero

Oct-22

$132.27

$126.74

4.36%

$5.53

$128.21

3.17%

$77.28

71.17%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/13/22

9/12/22

% Change

Change

8/15/22

% Change

9/14/21

% Change

 

 

Henry Hub Straddle

Oct-22

73.32%

72.47%

1.17%

0.85%

90.18%

-18.70%

32.19%

127.77%

 

 

Algonquin Straddle

Oct-22

77.19%

75.42%

2.35%

1.77%

94.16%

-18.02%

35.78%

115.74%

 

 

Waha Straddle

Oct-22

90.26%

88.87%

1.56%

1.39%

115.82%

-22.07%

36.56%

146.88%

 

 

Chicago Straddle

Oct-22

76.71%

75.19%

2.02%

1.52%

93.82%

-18.24%

33.78%

127.09%

 

 

PJM West Straddle

Oct-22

102.98%

58.74%

75.31%

44.24%

90.77%

13.45%

25.60%

302.27%

 

 

SP – 15 Straddle

Oct-22

167.69%

146.96%

14.11%

20.73%

216.26%

-22.46%

21.67%

673.83%

 

 

Mid. C Straddle

Oct-22

314.19%

325.05%

-3.34%

-10.86%

204.10%

53.94%

28.15%

1016.13%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/13/22

9/12/22

% Change

Change

8/15/22

% Change

9/14/21

% Change

 

 

Dutch TTF

Oct-22

EUR 202.30

EUR 191.02

5.90%

EUR 11.28

EUR 234.90

-13.88%

EUR 32.69

518.82%

 

 

NBP

Oct-22

GBP 379.75

GBP 347.25

9.36%

GBP 32.50

GBP 492.00

-22.82%

GBP 85.22

345.62%

 

 

German Base

Oct-22

EUR 376.60

EUR 377.36

-0.20%

-EUR 0.76

EUR 441.91

-14.78%

EUR 93.54

302.63%

 

 

UK Base

Oct-22

GBP 305.41

GBP 308.48

-0.99%

-GBP 3.06

GBP 443.04

-31.06%

GBP 91.80

232.69%

 

 

French Base

Oct-22

EUR 459.76

EUR 483.45

-4.90%

-EUR 23.70

EUR 587.29

-21.72%

EUR 97.93

369.48%

 

 

Italian Base

Oct-22

EUR 450.07

EUR 454.78

-1.03%

-EUR 4.71

EUR 529.65

-15.03%

EUR 104.51

330.66%

 

 

JKM LNG

Oct-22

$58.71

$48.67

20.65%

$10.05

$53.60

9.54%

$13.36

339.54%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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