Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-15-2022

Sep 15, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:06 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$8.579

$9.114

-5.87%

-$0.535

22,048

 

 

WTI

$87.11

$88.48

-1.55%

-$1.37

68,559

 

 

Brent

$92.64

$94.10

-1.55%

-$1.46

9,617

 

 

ULSD

$3.259

$3.379

-3.55%

-$0.120

11,270

 

 

RBOB

$2.450

$2.525

-2.94%

-$0.074

6,004

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.92

$6.05

-2.15%

-$0.13

Nov-22

 

 

3:2:1 Crack

$25.98

$28.08

-7.48%

-$2.10

Oct-22

 

 

PJM West Spark

$108.51

$101.74

6.65%

$6.77

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

9/14/22

9/13/22

% Change

Change

8/16/22

% Change

9/15/21

% Change

 

 

PJM West On Peak

Oct-22

$126.84

$121.24

4.62%

$5.60

$124.60

1.80%

$40.60

212.43%

 

 

ERCOT North On Peak

Oct-22

$109.51

$102.59

6.75%

$6.92

$120.32

-8.98%

$47.08

132.61%

 

 

CAISO SP 15 On Peak

Oct-22

$101.60

$96.82

4.93%

$4.77

$97.28

4.44%

$65.73

54.57%

 

 

MISO Indiana On Peak

Oct-22

$127.85

$121.41

5.31%

$6.45

$126.31

1.22%

$41.30

209.59%

 

 

NEISO Mass On Peak

Oct-22

$97.22

$93.29

4.22%

$3.93

$91.16

6.65%

$41.49

134.31%

 

 

WECC Mid C On Peak

Oct-22

$110.68

$92.88

19.16%

$17.80

$89.78

23.28%

$53.25

107.86%

 

 

NYISO Zone G On Peak

Oct-22

$102.43

$97.75

4.78%

$4.67

$95.48

7.27%

$36.33

181.91%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/14/22

9/13/22

% Change

Change

8/16/22

% Change

9/15/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$9.114

$8.284

10.02%

$0.83

$9.31

-2.12%

$3.85

136.48%

 

 

Houston Ship Channel

Oct-22

-$0.752

-$0.662

13.54%

-$0.09

-$0.35

113.49%

-$0.02

3240.00%

 

 

Chicago

Oct-22

-$0.606

-$0.539

-10.99%

-$0.07

-$0.38

57.54%

-$0.13

354.20%

 

 

Waha

Oct-22

-$2.652

-$2.379

-11.49%

-$0.27

-$1.70

55.66%

-$0.49

443.88%

 

 

Algonquin

Oct-22

-$0.624

-$0.597

-4.52%

-$0.03

-$0.59

6.65%

-$0.54

16.24%

 

 

Aeco

Oct-22

-$5.003

-$4.397

13.78%

-$0.61

-$3.93

27.25%

-$0.93

437.99%

 

 

Socal

Oct-22

-$0.349

-$0.368

-5.16%

$0.02

-$0.28

25.50%

$0.87

-140.33%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/14/22

9/13/22

% Change

Change

8/16/22

% Change

9/15/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$1.053

$1.059

-0.59%

-$0.01

$1.04

0.97%

$0.93

12.71%

 

 

Mt. Belvieu Propane non LST

Oct-22

$1.055

$1.056

-0.07%

$0.00

$1.06

-0.13%

$0.94

12.54%

 

 

Mt. Belview Ethane

Oct-22

$0.518

$0.495

4.57%

$0.02

$0.62

-16.82%

$0.33

57.60%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.618

$1.631

-0.77%

-$0.01

$1.69

-4.20%

$1.51

7.20%

 

 

Mt. Belvieu Butane LST

Oct-22

$1.110

$1.124

-1.21%

-$0.01

$1.19

-6.61%

$1.00

11.22%

 

 

Conway Propane

Oct-22

$1.075

$1.075

-0.01%

$0.00

$1.06

1.17%

$0.96

12.53%

 

 

Conway Nat. Gasoline

Oct-22

$1.633

$1.646

-0.77%

-$0.01

$1.73

-5.72%

$1.50

8.63%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/14/22

9/13/22

% Change

Change

8/16/22

% Change

9/15/21

% Change

 

 

WTI

Nov-22

$88.05

$86.89

1.32%

$1.16

$85.86

2.55%

$66.04

33.33%

 

 

Brent

Nov-22

$94.10

$93.17

0.99%

$0.93

$91.74

2.57%

$69.26

35.86%

 

 

WCS

Nov-22

-$21.06

-$20.53

2.50%

-$0.53

-$20.00

5.29%

-$11.64

80.87%

 

 

LLS

Nov-22

$89.92

$88.75

1.30%

$1.17

$87.70

2.53%

$66.36

35.50%

 

 

Mars

Nov-22

$86.05

$85.11

1.09%

$0.94

$84.08

2.34%

$65.12

32.15%

 

 

Sour

Nov-22

$85.90

$84.33

1.83%

$1.58

$84.80

1.30%

$66.61

28.97%

 

 

ESPO

Nov-22

$89.44

$89.75

-0.35%

-$0.32

$87.52

2.19%

$68.76

30.07%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/14/22

9/13/22

% Change

Change

8/16/22

% Change

9/15/21

% Change

 

 

NY Heating Oil

Oct-22

$3.39

$3.56

-4.64%

-$0.16

$3.44

-1.28%

$2.13

59.47%

 

 

NY Gasoline

Oct-22

$2.53

$2.46

2.80%

$0.07

$2.66

-4.78%

$1.99

27.30%

 

 

GC Gasoline

Oct-22

$2.43

$2.36

2.92%

$0.07

$2.56

-4.96%

$1.89

28.75%

 

 

GC Jet

Oct-22

$3.22

$3.27

-1.59%

-$0.05

$3.18

1.13%

$1.93

66.98%

 

 

Chicago Ethanol

Oct-22

$2.50

$2.52

-0.60%

-$0.02

$2.36

6.11%

$1.90

31.63%

 

 

Rotterdam Gasoil

Oct-22

$935.34

$993.60

-5.86%

-$58.26

$950.32

-1.58%

$565.80

65.31%

 

 

Singapore Jet Kero

Oct-22

$126.12

$132.27

-4.65%

-$6.15

$125.96

0.13%

$77.41

62.93%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/14/22

9/13/22

% Change

Change

8/16/22

% Change

9/15/21

% Change

 

 

Henry Hub Straddle

Oct-22

69.75%

73.32%

-4.87%

-3.57%

83.05%

-16.01%

32.39%

115.34%

 

 

Algonquin Straddle

Oct-22

71.38%

77.19%

-7.53%

-5.81%

87.22%

-18.16%

34.46%

107.14%

 

 

Waha Straddle

Oct-22

74.50%

90.26%

-17.46%

-15.76%

106.70%

-30.18%

36.41%

104.61%

 

 

Chicago Straddle

Oct-22

71.42%

76.71%

-6.90%

-5.29%

85.06%

-16.04%

33.22%

114.99%

 

 

PJM West Straddle

Oct-22

105.04%

102.98%

2.00%

2.06%

89.81%

16.96%

25.37%

314.03%

 

 

SP – 15 Straddle

Oct-22

197.39%

167.69%

17.71%

29.70%

205.84%

-4.11%

22.13%

791.96%

 

 

Mid. C Straddle

Oct-22

309.73%

314.19%

-1.42%

-4.46%

210.40%

47.21%

32.59%

850.38%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/14/22

9/13/22

% Change

Change

8/16/22

% Change

9/15/21

% Change

 

 

Dutch TTF

Oct-22

EUR 222.00

EUR 202.30

9.74%

EUR 19.70

EUR 227.40

-2.37%

EUR 32.78

577.35%

 

 

NBP

Oct-22

GBP 420.00

GBP 379.75

10.60%

GBP 40.25

GBP 484.00

-13.22%

GBP 85.25

392.66%

 

 

German Base

Oct-22

EUR 423.15

EUR 376.60

12.36%

EUR 46.55

EUR 472.05

-10.36%

EUR 91.22

363.87%

 

 

UK Base

Oct-22

GBP 395.16

GBP 305.41

29.39%

GBP 89.75

GBP 466.79

-15.34%

GBP 93.79

321.31%

 

 

French Base

Oct-22

EUR 523.85

EUR 459.76

13.94%

EUR 64.09

EUR 628.07

-16.59%

EUR 98.01

434.50%

 

 

Italian Base

Oct-22

EUR 520.63

EUR 450.07

15.68%

EUR 70.55

EUR 529.33

-1.64%

EUR 102.94

405.77%

 

 

JKM LNG

Oct-22

$53.37

$58.71

-9.11%

-$5.35

$55.72

-4.22%

$14.78

260.95%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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