Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-21-2022

Sep 21, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:01 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$7.933

$7.717

2.80%

$0.216

18,038

 

 

WTI

$84.97

$84.45

0.62%

$0.52

116,881

 

 

Brent

$91.81

$90.62

1.31%

$1.19

7,189

 

 

ULSD

$3.330

$3.372

-1.25%

-$0.042

5,047

 

 

RBOB

$2.477

$2.448

1.17%

$0.029

2,710

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.81

$6.68

1.95%

$0.13

Nov-22

 

 

3:2:1 Crack

$28.67

$29.31

-2.17%

-$0.64

Nov-22

 

 

PJM West Spark

$92.52

$100.42

-7.87%

-$7.90

Oct-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

09/16/22

763

4

251

09/17/21

 

 

Canada

09/16/22

211

6

57

09/17/21

 

 

International

Aug

860

27

83

Aug

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 9/13/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

86,794

86,347

86,592

-245

 

 

PJM West Off Peak

81,754

81,226

81,318

-92

 

 

Natural Gas Henry Hub

486,544

464,586

476,764

-12,178

 

 

WTI – Light Sweet Crude Futures

303,244

245,392

231,814

13,578

 

 

Brent Crude Last Day

176,366

166,671

170,908

-4,237

 

 

NYM Ethanol

30,263

29,835

30,023

-188

 

 

Mt Belvieu LDH Propane Swap

117,687

116,526

117,077

-551

 

 

RBOB

252,080

233,933

234,157

-224

 

 

HSC Basis

567,080

563,209

560,412

2,797

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

9/20/22

9/19/22

% Change

Change

8/22/22

% Change

9/21/21

% Change

 

 

PJM West On Peak

Oct-22

$109.50

$116.93

-6.36%

-$7.43

$122.56

-10.66%

$39.21

179.27%

 

 

ERCOT North On Peak

Oct-22

$101.58

$108.42

-6.31%

-$6.84

$125.67

-19.17%

$41.77

143.21%

 

 

CAISO SP 15 On Peak

Oct-22

$89.88

$96.31

-6.68%

-$6.43

$94.76

-5.15%

$65.07

38.14%

 

 

MISO Indiana On Peak

Oct-22

$110.34

$117.04

-5.72%

-$6.70

$126.48

-12.76%

$39.54

179.10%

 

 

NEISO Mass On Peak

Oct-22

$77.76

$76.92

1.10%

$0.85

$97.49

-20.23%

$40.93

90.01%

 

 

WECC Mid C On Peak

Oct-22

$93.65

$100.01

-6.36%

-$6.36

$91.16

2.73%

$57.24

63.62%

 

 

NYISO Zone G On Peak

Oct-22

$89.77

$84.58

6.14%

$5.20

$101.12

-11.22%

$35.77

150.95%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/20/22

9/19/22

% Change

Change

8/22/22

% Change

9/21/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$7.717

$7.752

-0.45%

-$0.03

$9.65

-20.01%

$3.65

111.54%

 

 

Houston Ship Channel

Oct-22

-$1.034

-$0.956

8.13%

-$0.08

-$0.48

117.63%

-$0.03

3382.15%

 

 

Chicago

Oct-22

-$0.846

-$0.763

-9.79%

-$0.08

-$0.47

78.12%

-$0.14

511.50%

 

 

Waha

Oct-22

-$2.799

-$2.747

-1.93%

-$0.05

-$2.04

37.30%

-$0.50

459.12%

 

 

Algonquin

Oct-22

-$0.752

-$0.736

-2.16%

-$0.02

-$0.59

28.39%

-$0.52

43.68%

 

 

Aeco

Oct-22

-$4.534

-$4.959

-8.57%

$0.42

-$4.54

-0.18%

-$0.90

404.30%

 

 

Socal

Oct-22

-$0.415

-$0.328

26.43%

-$0.09

-$0.36

15.95%

$0.79

-152.54%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/20/22

9/19/22

% Change

Change

8/22/22

% Change

9/21/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$1.005

$1.015

-1.02%

-$0.01

$1.09

-8.04%

$0.94

6.31%

 

 

Mt. Belvieu Propane non LST

Oct-22

$1.015

$1.010

0.50%

$0.01

$1.09

-6.86%

$0.95

6.84%

 

 

Mt. Belview Ethane

Oct-22

$0.439

$0.451

-2.77%

-$0.01

$0.65

-32.63%

$0.29

50.39%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.666

$1.581

5.39%

$0.09

$1.73

-3.54%

$1.40

18.97%

 

 

Mt. Belvieu Butane LST

Oct-22

$1.059

$1.082

-2.06%

-$0.02

$1.24

-14.23%

$1.01

5.26%

 

 

Conway Propane

Oct-22

$1.020

$1.028

-0.80%

-$0.01

$1.10

-6.87%

$0.94

7.92%

 

 

Conway Nat. Gasoline

Oct-22

$1.711

$1.602

6.81%

$0.11

$1.77

-3.23%

$1.42

20.73%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/20/22

9/19/22

% Change

Change

8/22/22

% Change

9/21/21

% Change

 

 

WTI

Nov-22

$83.94

$85.36

-1.69%

-$1.42

$89.97

-6.70%

$64.59

29.96%

 

 

Brent

Nov-22

$90.62

$92.00

-1.52%

-$1.38

$95.81

-5.42%

$67.90

33.46%

 

 

WCS

Nov-22

-$20.95

-$21.25

-1.44%

$0.30

-$20.66

1.42%

-$14.07

48.88%

 

 

LLS

Nov-22

$85.80

$86.38

-0.68%

-$0.58

$87.78

-2.26%

$63.38

35.38%

 

 

Mars

Nov-22

$81.40

$82.03

-0.77%

-$0.62

$84.04

-3.13%

$62.58

30.07%

 

 

Sour

Nov-22

$82.36

$83.57

-1.47%

-$1.21

$84.50

-2.54%

$62.57

31.63%

 

 

ESPO

Nov-22

$86.58

$84.86

1.99%

$1.72

$91.01

-4.86%

$66.03

31.12%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/20/22

9/19/22

% Change

Change

8/22/22

% Change

9/21/21

% Change

 

 

NY Heating Oil

Oct-22

$3.37

$3.31

1.75%

$0.06

$3.72

-9.54%

$2.08

61.98%

 

 

NY Gasoline

Oct-22

$2.44

$2.46

-0.69%

-$0.02

$2.58

-5.38%

$1.90

28.70%

 

 

GC Gasoline

Oct-22

$2.34

$2.36

-0.72%

-$0.02

$2.48

-5.60%

$1.80

30.29%

 

 

GC Jet

Oct-22

$3.05

$3.08

-0.75%

-$0.02

$3.59

-15.03%

$1.88

62.02%

 

 

Chicago Ethanol

Oct-22

$2.35

$2.33

1.03%

$0.02

$2.49

-5.47%

$1.81

30.12%

 

 

Rotterdam Gasoil

Oct-22

$914.53

$902.60

1.32%

$11.93

$1,018.16

-10.18%

$555.76

64.55%

 

 

Singapore Jet Kero

Oct-22

$116.48

$116.04

0.38%

$0.44

$133.09

-12.48%

$76.42

52.42%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/20/22

9/19/22

% Change

Change

8/22/22

% Change

9/21/21

% Change

 

 

Henry Hub Straddle

Nov-22

93.77%

92.15%

1.76%

1.62%

96.30%

-2.63%

32.63%

187.37%

 

 

Algonquin Straddle

Nov-22

92.51%

93.09%

-0.62%

-0.58%

135.43%

-31.69%

36.34%

154.57%

 

 

Waha Straddle

Nov-22

129.74%

122.93%

5.54%

6.81%

118.91%

9.11%

39.20%

230.97%

 

 

Chicago Straddle

Nov-22

97.13%

96.49%

0.66%

0.64%

98.58%

-1.47%

34.75%

179.51%

 

 

PJM West Straddle

Nov-22

88.38%

90.41%

-2.25%

-2.03%

91.02%

-2.90%

25.43%

247.54%

 

 

SP – 15 Straddle

Nov-22

227.61%

215.49%

5.62%

12.12%

113.50%

100.54%

30.95%

635.41%

 

 

Mid. C Straddle

Nov-22

235.72%

268.45%

-12.19%

-32.73%

132.43%

78.00%

38.56%

511.31%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/20/22

9/19/22

% Change

Change

8/22/22

% Change

9/21/21

% Change

 

 

Dutch TTF

Nov-22

EUR 212.35

EUR 192.49

10.32%

EUR 19.86

EUR 288.45

-26.38%

EUR 33.51

533.76%

 

 

NBP

Nov-22

GBP 459.05

GBP 419.01

9.56%

GBP 40.04

GBP 656.71

-30.10%

GBP 87.60

424.04%

 

 

German Base

Nov-22

EUR 531.89

EUR 511.39

4.01%

EUR 20.49

EUR 763.09

-30.30%

EUR 89.08

497.08%

 

 

UK Base

Nov-22

GBP 550.57

GBP 519.47

5.99%

GBP 31.10

GBP 827.25

-33.45%

GBP 78.17

604.35%

 

 

French Base

Nov-22

EUR 1,051.00

EUR 992.41

5.90%

EUR 58.59

EUR 1,526.77

-31.16%

EUR 97.12

982.19%

 

 

Italian Base

Nov-22

EUR 505.41

EUR 491.94

2.74%

EUR 13.47

EUR 726.28

-30.41%

EUR 97.78

416.91%

 

 

JKM LNG

Nov-22

$51.60

$57.21

-9.80%

-$5.61

$59.96

-13.93%

$12.23

322.13%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

09/17/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

14

10

-5

648

233

15

56.00%

2.00%

 

 

Middle Atlantic

16

2

-22

838

199

-38

31.00%

-4.00%

 

 

E N Central

14

-1

-26

797

109

-95

16.00%

-11.00%

 

 

W N Central

27

6

-17

1,044

150

-4

17.00%

0.00%

 

 

South Atlantic

64

1

-13

1,890

227

29

14.00%

2.00%

 

 

E S Central

45

-6

-18

1,625

206

140

15.00%

9.00%

 

 

W S Central

81

-3

-8

2,555

402

377

19.00%

17.00%

 

 

Mountain

34

-7

-23

1,264

136

-34

12.00%

-3.00%

 

 

Pacific

24

-8

-13

866

246

19

40.00%

2.00%

 

 

United States

37

-1

-17

1,304

213

37

20.00%

3.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

09/17/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

22

-8

12

49

-43

-8

NA

NA

 

 

Middle Atlantic

10

-9

8

17

-37

0

NA

NA

 

 

E N Central

16

-7

12

40

-38

-4

NA

NA

 

 

W N Central

16

-13

6

36

-64

1

NA

NA

 

 

South Atlantic

1

-2

1

1

-4

0

NA

NA

 

 

E S Central

4

0

3

5

-2

1

NA

NA

 

 

W S Central

1

-1

1

1

-2

1

NA

NA

 

 

Mountain

17

-12

9

27

-79

6

NA

NA

 

 

Pacific

7

-6

-3

18

-55

-10

NA

NA

 

 

United States

9

-6

5

19

-33

-2

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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