Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-22-2022

Sep 22, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:08 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$7.679

$7.779

-1.29%

-$0.100

7,965

 

 

WTI

$84.55

$82.94

1.94%

$1.61

87,687

 

 

Brent

$91.49

$89.83

1.85%

$1.66

7,237

 

 

ULSD

$3.416

$3.334

2.46%

$0.082

4,103

 

 

RBOB

$2.555

$2.487

2.75%

$0.068

3,480

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.89

$6.89

0.00%

$0.00

Nov-22

 

 

3:2:1 Crack

$31.37

$30.27

3.63%

$1.10

Nov-22

 

 

PJM West Spark

$93.89

$92.85

1.12%

$1.04

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

9/21/22

9/20/22

% Change

Change

8/23/22

% Change

9/22/21

% Change

 

 

PJM West On Peak

Oct-22

$110.32

$109.50

0.75%

$0.82

$120.24

-8.25%

$39.33

180.47%

 

 

ERCOT North On Peak

Oct-22

$104.01

$101.58

2.40%

$2.43

$125.36

-17.03%

$41.90

148.22%

 

 

CAISO SP 15 On Peak

Oct-22

$87.65

$89.88

-2.49%

-$2.23

$94.88

-7.62%

$65.27

34.29%

 

 

MISO Indiana On Peak

Oct-22

$111.13

$110.34

0.71%

$0.78

$123.92

-10.32%

$39.69

179.98%

 

 

NEISO Mass On Peak

Oct-22

$75.73

$77.76

-2.62%

-$2.04

$101.30

-25.24%

$40.08

88.96%

 

 

WECC Mid C On Peak

Oct-22

$93.14

$93.65

-0.55%

-$0.52

$87.80

6.08%

$56.48

64.90%

 

 

NYISO Zone G On Peak

Oct-22

$86.25

$89.77

-3.92%

-$3.52

$102.05

-15.48%

$34.98

146.61%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/21/22

9/20/22

% Change

Change

8/23/22

% Change

9/22/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$7.779

$7.717

0.80%

$0.06

$9.15

-15.03%

$3.67

112.08%

 

 

Houston Ship Channel

Oct-22

-$1.007

-$1.034

-2.66%

$0.03

-$0.54

86.70%

-$0.03

3289.56%

 

 

Chicago

Oct-22

-$0.837

-$0.846

1.02%

$0.01

-$0.54

54.78%

-$0.14

493.34%

 

 

Waha

Oct-22

-$2.772

-$2.799

-0.98%

$0.03

-$1.97

40.85%

-$0.49

460.70%

 

 

Algonquin

Oct-22

-$0.860

-$0.752

-14.42%

-$0.11

-$0.54

60.15%

-$0.52

65.23%

 

 

Aeco

Oct-22

-$4.396

-$4.534

-3.05%

$0.14

-$4.55

-3.42%

-$0.83

428.73%

 

 

Socal

Oct-22

-$0.420

-$0.415

1.13%

$0.00

-$0.41

1.97%

$0.82

-151.46%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/21/22

9/20/22

% Change

Change

8/23/22

% Change

9/22/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$0.965

$1.005

-3.97%

-$0.04

$1.11

-13.28%

$0.93

3.36%

 

 

Mt. Belvieu Propane non LST

Oct-22

$0.967

$1.015

-4.70%

-$0.05

$1.11

-12.46%

$0.93

4.33%

 

 

Mt. Belview Ethane

Oct-22

$0.432

$0.439

-1.45%

-$0.01

$0.65

-34.00%

$0.30

45.52%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.570

$1.666

-5.79%

-$0.10

$1.74

-9.57%

$1.45

8.45%

 

 

Mt. Belvieu Butane LST

Oct-22

$1.060

$1.059

0.04%

$0.00

$1.26

-15.88%

$1.01

4.73%

 

 

Conway Propane

Oct-22

$0.979

$1.020

-3.97%

-$0.04

$1.13

-13.34%

$0.95

2.70%

 

 

Conway Nat. Gasoline

Oct-22

$1.622

$1.711

-5.22%

-$0.09

$1.72

-5.99%

$1.44

12.55%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/21/22

9/20/22

% Change

Change

8/23/22

% Change

9/22/21

% Change

 

 

WTI

Nov-22

$82.94

$83.94

-1.21%

-$1.00

$93.25

-11.06%

$65.87

25.91%

 

 

Brent

Nov-22

$89.83

$90.62

-0.88%

-$0.79

$99.17

-9.42%

$69.11

29.98%

 

 

WCS

Nov-22

-$21.34

-$20.95

1.84%

-$0.39

-$20.00

6.74%

-$13.39

59.43%

 

 

LLS

Nov-22

$84.47

$85.80

-1.58%

-$1.33

$94.24

-10.37%

$66.70

26.63%

 

 

Mars

Nov-22

$79.92

$81.40

-1.86%

-$1.49

$90.06

-11.27%

$63.79

25.27%

 

 

Sour

Nov-22

$81.34

$82.36

-1.26%

-$1.02

$90.64

-10.26%

$63.99

27.11%

 

 

ESPO

Nov-22

$85.84

$86.58

-0.86%

-$0.74

$95.42

-10.03%

$67.43

27.30%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/21/22

9/20/22

% Change

Change

8/23/22

% Change

9/22/21

% Change

 

 

NY Heating Oil

Oct-22

$3.34

$3.37

-0.83%

-$0.03

$3.79

-11.88%

$2.10

59.10%

 

 

NY Gasoline

Oct-22

$2.49

$2.44

1.72%

$0.04

$2.74

-9.30%

$1.93

28.61%

 

 

GC Gasoline

Oct-22

$2.39

$2.34

1.79%

$0.04

$2.64

-9.66%

$1.83

30.17%

 

 

GC Jet

Oct-22

$3.17

$3.05

3.67%

$0.11

$3.40

-6.80%

$1.94

63.45%

 

 

Chicago Ethanol

Oct-22

$2.34

$2.35

-0.64%

-$0.01

$2.55

-8.29%

$1.89

23.35%

 

 

Rotterdam Gasoil

Oct-22

$906.21

$914.53

-0.91%

-$8.31

$1,032.36

-12.22%

$564.60

60.50%

 

 

Singapore Jet Kero

Oct-22

$112.51

$116.48

-3.41%

-$3.97

$137.95

-18.45%

$78.47

43.37%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/21/22

9/20/22

% Change

Change

8/23/22

% Change

9/22/21

% Change

 

 

Henry Hub Straddle

Nov-22

94.50%

93.77%

0.78%

0.73%

111.24%

-15.05%

37.48%

152.13%

 

 

Algonquin Straddle

Nov-22

93.61%

92.51%

1.19%

1.10%

173.03%

-45.90%

40.88%

128.99%

 

 

Waha Straddle

Nov-22

124.19%

129.74%

-4.28%

-5.55%

142.83%

-13.05%

40.42%

207.25%

 

 

Chicago Straddle

Nov-22

99.56%

97.13%

2.50%

2.43%

114.74%

-13.23%

38.73%

157.06%

 

 

PJM West Straddle

Nov-22

88.76%

88.38%

0.43%

0.38%

89.19%

-0.48%

25.53%

247.67%

 

 

SP – 15 Straddle

Nov-22

205.27%

227.61%

-9.82%

-22.34%

112.27%

82.84%

23.03%

791.32%

 

 

Mid. C Straddle

Nov-22

185.88%

235.72%

-21.14%

-49.84%

119.68%

55.31%

38.99%

376.74%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/21/22

9/20/22

% Change

Change

8/23/22

% Change

9/22/21

% Change

 

 

Dutch TTF

Nov-22

EUR 197.01

EUR 212.35

-7.23%

-EUR 15.35

EUR 269.14

-26.80%

EUR 34.10

477.73%

 

 

NBP

Nov-22

GBP 415.45

GBP 459.05

-9.50%

-GBP 43.60

GBP 615.49

-32.50%

GBP 88.06

371.81%

 

 

German Base

Nov-22

EUR 545.02

EUR 531.89

2.47%

EUR 13.13

EUR 825.17

-33.95%

EUR 88.47

516.04%

 

 

UK Base

Nov-22

GBP 569.57

GBP 550.57

3.45%

GBP 19.00

GBP 779.86

-26.97%

GBP 81.20

601.47%

 

 

French Base

Nov-22

EUR 1,011.11

EUR 1,051.00

-3.80%

-EUR 39.89

EUR 1,357.49

-25.52%

EUR 98.21

929.51%

 

 

Italian Base

Nov-22

EUR 513.23

EUR 505.41

1.55%

EUR 7.82

EUR 657.87

-21.99%

EUR 99.40

416.35%

 

 

JKM LNG

Nov-22

$64.93

$51.60

25.82%

$13.33

$60.31

7.66%

$12.44

421.99%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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