Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-16-2022

Sep 16, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:07 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$8.030

$8.324

-3.53%

-$0.294

14,926

 

 

WTI

$84.95

$85.10

-0.18%

-$0.15

20,281

 

 

Brent

$91.06

$90.84

0.24%

$0.22

6,778

 

 

ULSD

$3.213

$3.205

0.24%

$0.008

4,869

 

 

RBOB

$2.406

$2.429

-0.93%

-$0.023

3,758

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.51

$6.19

5.17%

$0.32

Nov-22

 

 

3:2:1 Crack

$26.25

$26.53

-1.04%

-$0.27

Oct-22

 

 

PJM West Spark

$107.42

$109.03

-1.48%

-$1.62

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

 

 

 

 

09/15/17

 

 

 

9/9/22

9/2/22

Net Change

% Change

9/10/2021

% Change

5 Year Avg.

% Change

 

 

East

661

635

26

4.09%

732

-9.70%

772

-14.42%

 

 

Midwest

809

776

33

4.25%

876

-7.65%

893

-9.41%

 

 

Mountain

163

159

4

2.52%

193

-15.54%

197

-17.17%

 

 

Pacific

235

238

-3

-1.26%

240

-2.08%

277

-15.10%

 

 

South

904

887

17

1.92%

965

-6.32%

1,032

-12.37%

 

 

    Salt

187

182

5

2.75%

217

-13.82%

251

-25.44%

 

 

    Non_Salt

717

705

12

1.70%

748

-4.14%

781

-8.19%

 

 

Total

2,771

2,694

77

2.86%

3,006

-7.82%

3,171

-12.60%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

9/15/22

9/14/22

% Change

Change

8/17/22

% Change

9/16/21

% Change

 

 

PJM West On Peak

Oct-22

$124.66

$126.84

-1.72%

-$2.18

$117.29

6.29%

$40.12

210.72%

 

 

ERCOT North On Peak

Oct-22

$112.28

$109.51

2.53%

$2.77

$120.98

-7.19%

$44.03

155.01%

 

 

CAISO SP 15 On Peak

Oct-22

$100.18

$101.60

-1.39%

-$1.41

$95.19

5.24%

$66.54

50.56%

 

 

MISO Indiana On Peak

Oct-22

$123.98

$127.85

-3.03%

-$3.88

$118.83

4.33%

$40.92

203.01%

 

 

NEISO Mass On Peak

Oct-22

$92.57

$97.22

-4.78%

-$4.65

$95.92

-3.49%

$41.42

123.48%

 

 

WECC Mid C On Peak

Oct-22

$106.33

$110.68

-3.94%

-$4.36

$91.96

15.63%

$56.22

89.11%

 

 

NYISO Zone G On Peak

Oct-22

$102.84

$102.43

0.41%

$0.42

$98.95

3.94%

$35.20

192.16%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/15/22

9/14/22

% Change

Change

8/17/22

% Change

9/16/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$8.324

$9.114

-8.67%

-$0.79

$9.23

-9.80%

$3.78

120.15%

 

 

Houston Ship Channel

Oct-22

-$0.671

-$0.752

-10.67%

$0.08

-$0.40

69.09%

-$0.03

2323.47%

 

 

Chicago

Oct-22

-$0.521

-$0.606

16.38%

$0.09

-$0.38

36.93%

-$0.14

285.63%

 

 

Waha

Oct-22

-$2.297

-$2.652

-13.40%

$0.36

-$1.99

15.35%

-$0.48

376.85%

 

 

Algonquin

Oct-22

-$0.546

-$0.624

12.56%

$0.08

-$0.53

3.49%

-$0.52

5.61%

 

 

Aeco

Oct-22

-$5.115

-$5.003

2.22%

-$0.11

-$4.34

17.79%

-$0.91

464.90%

 

 

Socal

Oct-22

-$0.489

-$0.349

40.24%

-$0.14

-$0.32

53.15%

$0.82

-159.46%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/15/22

9/14/22

% Change

Change

8/17/22

% Change

9/16/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$1.032

$1.053

-1.90%

-$0.02

$1.05

-1.67%

$0.93

11.00%

 

 

Mt. Belvieu Propane non LST

Oct-22

$1.036

$1.055

-1.81%

-$0.02

$1.05

-1.31%

$0.93

11.66%

 

 

Mt. Belview Ethane

Oct-22

$0.513

$0.518

-0.86%

$0.00

$0.62

-17.66%

$0.33

57.51%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.617

$1.618

-0.07%

$0.00

$1.67

-2.98%

$1.53

5.65%

 

 

Mt. Belvieu Butane LST

Oct-22

$1.106

$1.110

-0.34%

$0.00

$1.20

-7.43%

$1.02

8.45%

 

 

Conway Propane

Oct-22

$1.055

$1.075

-1.89%

-$0.02

$1.08

-2.36%

$0.97

8.49%

 

 

Conway Nat. Gasoline

Oct-22

$1.627

$1.633

-0.39%

-$0.01

$1.71

-4.70%

$1.53

6.50%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/15/22

9/14/22

% Change

Change

8/17/22

% Change

9/16/21

% Change

 

 

WTI

Nov-22

$84.65

$88.05

-4.02%

-$3.40

$87.30

-3.04%

$66.04

28.18%

 

 

Brent

Nov-22

$90.84

$94.10

-3.59%

-$3.26

$93.02

-2.34%

$69.32

31.04%

 

 

WCS

Nov-22

-$20.16

-$21.06

-4.45%

$0.90

-$18.88

6.77%

-$12.77

57.85%

 

 

LLS

Nov-22

$86.46

$89.92

-4.00%

-$3.46

$87.58

-1.28%

$64.43

34.19%

 

 

Mars

Nov-22

$82.89

$86.05

-3.82%

-$3.17

$83.72

-1.00%

$63.63

30.26%

 

 

Sour

Nov-22

$83.77

$85.90

-2.55%

-$2.14

$84.09

-0.39%

$63.45

32.02%

 

 

ESPO

Nov-22

$87.20

$89.44

-2.56%

-$2.24

$87.41

-0.24%

$66.68

30.77%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/15/22

9/14/22

% Change

Change

8/17/22

% Change

9/16/21

% Change

 

 

NY Heating Oil

Oct-22

$3.24

$3.39

-4.54%

-$0.15

$3.55

-8.69%

$2.12

52.81%

 

 

NY Gasoline

Oct-22

$2.44

$2.53

-3.67%

-$0.09

$2.77

-11.82%

$1.96

24.76%

 

 

GC Gasoline

Oct-22

$2.34

$2.43

-3.82%

-$0.09

$2.67

-12.27%

$1.86

26.09%

 

 

GC Jet

Oct-22

$2.82

$3.22

-12.39%

-$0.40

$3.33

-15.31%

$1.89

49.55%

 

 

Chicago Ethanol

Oct-22

$2.37

$2.50

-5.20%

-$0.13

$2.37

0.08%

$1.79

32.38%

 

 

Rotterdam Gasoil

Oct-22

$887.57

$935.34

-5.11%

-$47.78

$956.14

-7.17%

$560.79

58.27%

 

 

Singapore Jet Kero

Oct-22

$111.73

$126.12

-11.41%

-$14.39

$125.73

-11.13%

$78.02

43.22%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/15/22

9/14/22

% Change

Change

8/17/22

% Change

9/16/21

% Change

 

 

Henry Hub Straddle

Oct-22

91.67%

69.75%

31.43%

21.92%

90.80%

0.96%

35.30%

159.69%

 

 

Algonquin Straddle

Oct-22

94.57%

71.38%

32.49%

23.19%

94.16%

0.44%

37.71%

150.78%

 

 

Waha Straddle

Oct-22

100.49%

74.50%

34.89%

25.99%

118.35%

-15.09%

38.26%

162.65%

 

 

Chicago Straddle

Oct-22

92.62%

71.42%

29.68%

21.20%

93.00%

-0.41%

36.55%

153.41%

 

 

PJM West Straddle

Oct-22

103.55%

105.04%

-1.42%

-1.49%

92.35%

12.13%

24.97%

314.70%

 

 

SP – 15 Straddle

Oct-22

237.06%

197.39%

20.10%

39.67%

192.73%

23.00%

22.84%

937.92%

 

 

Mid. C Straddle

Oct-22

325.30%

309.73%

5.03%

15.57%

289.81%

12.25%

37.02%

778.71%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/15/22

9/14/22

% Change

Change

8/17/22

% Change

9/16/21

% Change

 

 

Dutch TTF

Oct-22

EUR 214.10

EUR 222.00

-3.56%

-EUR 7.90

EUR 230.51

-7.12%

EUR 32.81

552.64%

 

 

NBP

Oct-22

GBP 382.00

GBP 420.00

-9.05%

-GBP 38.00

GBP 493.61

-22.61%

GBP 84.13

354.06%

 

 

German Base

Oct-22

EUR 429.68

EUR 423.15

1.54%

EUR 6.53

EUR 482.08

-10.87%

EUR 88.29

386.65%

 

 

UK Base

Oct-22

GBP 354.61

GBP 395.16

-10.26%

-GBP 40.56

GBP 452.20

-21.58%

GBP 96.07

269.10%

 

 

French Base

Oct-22

EUR 512.79

EUR 523.85

-2.11%

-EUR 11.05

EUR 630.96

-18.73%

EUR 92.74

452.94%

 

 

Italian Base

Oct-22

EUR 544.06

EUR 520.63

4.50%

EUR 23.44

EUR 538.83

0.97%

EUR 97.46

458.21%

 

 

JKM LNG

Oct-22

$54.41

$53.37

1.95%

$1.04

$56.35

-3.44%

$11.61

368.74%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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