Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-23-2022

Sep 23, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:05 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.924

$7.089

-2.33%

-$0.165

12,649

 

 

WTI

$80.89

$83.49

-3.11%

-$2.60

95,399

 

 

Brent

$88.08

$90.46

-2.63%

-$2.38

6,386

 

 

ULSD

$3.296

$3.412

-3.38%

-$0.115

2,532

 

 

RBOB

$2.409

$2.516

-4.23%

-$0.106

4,167

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.15

$6.97

2.58%

$0.18

Nov-22

 

 

3:2:1 Crack

$29.59

$31.08

-4.80%

-$1.49

Nov-22

 

 

PJM West Spark

$82.77

$95.15

-13.02%

-$12.39

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

 

 

 

 

09/22/17

 

 

 

9/16/22

9/9/22

Net Change

% Change

9/17/2021

% Change

5 Year Avg.

% Change

 

 

East

690

661

29

4.39%

751

-8.12%

795

-13.16%

 

 

Midwest

844

809

35

4.33%

904

-6.64%

922

-8.48%

 

 

Mountain

168

163

5

3.07%

196

-14.29%

201

-16.42%

 

 

Pacific

237

235

2

0.85%

240

-1.25%

281

-15.60%

 

 

South

935

904

31

3.43%

990

-5.56%

1,042

-10.23%

 

 

    Salt

199

187

12

6.42%

228

-12.72%

252

-21.16%

 

 

    Non_Salt

736

717

19

2.65%

762

-3.41%

789

-6.72%

 

 

Total

2,874

2,771

103

3.72%

3,082

-6.75%

3,240

-11.30%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

9/22/22

9/21/22

% Change

Change

8/24/22

% Change

9/23/21

% Change

 

 

PJM West On Peak

Oct-22

$97.58

$110.32

-11.55%

-$12.74

$122.10

-20.08%

$39.85

144.85%

 

 

ERCOT North On Peak

Oct-22

$98.50

$104.01

-5.30%

-$5.52

$128.05

-23.08%

$45.23

117.78%

 

 

CAISO SP 15 On Peak

Oct-22

$78.80

$87.65

-10.10%

-$8.85

$97.72

-19.37%

$71.01

10.96%

 

 

MISO Indiana On Peak

Oct-22

$98.12

$111.13

-11.70%

-$13.00

$125.95

-22.10%

$40.19

144.12%

 

 

NEISO Mass On Peak

Oct-22

$70.79

$75.73

-6.52%

-$4.94

$98.60

-28.20%

$42.18

67.83%

 

 

WECC Mid C On Peak

Oct-22

$87.71

$93.14

-5.82%

-$5.42

$89.82

-2.34%

$59.43

47.60%

 

 

NYISO Zone G On Peak

Oct-22

$80.94

$86.25

-6.16%

-$5.31

$103.03

-21.44%

$36.32

122.86%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/22/22

9/21/22

% Change

Change

8/24/22

% Change

9/23/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$7.089

$7.779

-8.87%

-$0.69

$9.30

-23.77%

$3.78

87.69%

 

 

Houston Ship Channel

Oct-22

-$1.002

-$1.007

-0.51%

$0.01

-$0.67

49.07%

-$0.04

2262.26%

 

 

Chicago

Oct-22

-$0.879

-$0.837

-4.74%

-$0.04

-$0.57

54.30%

-$0.15

504.05%

 

 

Waha

Oct-22

-$2.722

-$2.772

-1.81%

$0.05

-$2.01

35.25%

-$0.45

508.00%

 

 

Algonquin

Oct-22

-$1.059

-$0.860

-23.16%

-$0.20

-$0.50

113.94%

-$0.50

112.18%

 

 

Aeco

Oct-22

-$4.317

-$4.396

-1.79%

$0.08

-$4.52

-4.51%

-$0.94

361.33%

 

 

Socal

Oct-22

-$0.416

-$0.420

-1.00%

$0.00

-$0.45

-6.81%

$0.79

-152.47%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/22/22

9/21/22

% Change

Change

8/24/22

% Change

9/23/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$0.947

$0.965

-1.81%

-$0.02

$1.12

-15.41%

$0.94

1.11%

 

 

Mt. Belvieu Propane non LST

Oct-22

$0.970

$0.967

0.29%

$0.00

$1.13

-13.86%

$0.93

3.76%

 

 

Mt. Belview Ethane

Oct-22

$0.417

$0.432

-3.54%

-$0.02

$0.63

-33.81%

$0.30

37.28%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.658

$1.570

5.58%

$0.09

$1.73

-4.34%

$1.48

11.99%

 

 

Mt. Belvieu Butane LST

Oct-22

$1.052

$1.060

-0.72%

-$0.01

$1.22

-14.09%

$1.05

0.30%

 

 

Conway Propane

Oct-22

$0.975

$0.979

-0.40%

$0.00

$1.15

-14.99%

$0.96

1.18%

 

 

Conway Nat. Gasoline

Oct-22

$1.711

$1.622

5.52%

$0.09

$1.80

-4.91%

$1.48

15.31%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/22/22

9/21/22

% Change

Change

8/24/22

% Change

9/23/21

% Change

 

 

WTI

Nov-22

$83.49

$82.94

0.66%

$0.55

$94.40

-11.56%

$66.68

25.21%

 

 

Brent

Nov-22

$90.46

$89.83

0.70%

$0.63

$100.34

-9.85%

$70.02

29.19%

 

 

WCS

Nov-22

-$22.78

-$21.34

6.28%

-$1.43

-$20.03

13.73%

-$11.58

96.68%

 

 

LLS

Nov-22

$85.30

$84.47

0.98%

$0.83

$95.23

-10.43%

$67.28

26.78%

 

 

Mars

Nov-22

$80.76

$79.92

1.05%

$0.85

$91.29

-11.54%

$64.27

25.67%

 

 

Sour

Nov-22

$81.56

$81.34

0.27%

$0.22

$92.01

-11.36%

$64.67

26.13%

 

 

ESPO

Nov-22

$86.47

$85.84

0.73%

$0.63

$96.46

-10.36%

$67.93

27.29%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/22/22

9/21/22

% Change

Change

8/24/22

% Change

9/23/21

% Change

 

 

NY Heating Oil

Oct-22

$3.39

$3.34

1.65%

$0.05

$3.98

-14.71%

$2.12

60.12%

 

 

NY Gasoline

Oct-22

$2.45

$2.49

-1.61%

-$0.04

$2.62

-6.64%

$1.95

25.63%

 

 

GC Gasoline

Oct-22

$2.35

$2.39

-1.68%

-$0.04

$2.52

-6.90%

$1.85

27.02%

 

 

GC Jet

Oct-22

$3.22

$3.17

1.86%

$0.06

$3.66

-11.86%

$1.92

67.62%

 

 

Chicago Ethanol

Oct-22

$2.33

$2.34

-0.21%

-$0.01

$2.53

-7.80%

$1.88

23.67%

 

 

Rotterdam Gasoil

Oct-22

$937.29

$906.21

3.43%

$31.08

$1,065.29

-12.02%

$564.77

65.96%

 

 

Singapore Jet Kero

Oct-22

$115.46

$112.51

2.63%

$2.96

$141.12

-18.18%

$78.83

46.47%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/22/22

9/21/22

% Change

Change

8/24/22

% Change

9/23/21

% Change

 

 

Henry Hub Straddle

Nov-22

111.31%

94.50%

17.79%

16.81%

105.82%

5.19%

33.39%

233.36%

 

 

Algonquin Straddle

Nov-22

97.66%

93.61%

4.33%

4.05%

143.35%

-31.87%

36.70%

166.10%

 

 

Waha Straddle

Nov-22

140.96%

124.19%

13.50%

16.77%

129.89%

8.52%

37.41%

276.80%

 

 

Chicago Straddle

Nov-22

117.21%

99.56%

17.73%

17.65%

108.22%

8.31%

35.26%

232.42%

 

 

PJM West Straddle

Nov-22

88.48%

88.76%

-0.32%

-0.28%

90.68%

-2.43%

25.44%

247.80%

 

 

SP – 15 Straddle

Nov-22

206.46%

205.27%

0.58%

1.19%

159.44%

29.49%

23.10%

793.77%

 

 

Mid. C Straddle

Nov-22

212.93%

185.88%

14.55%

27.05%

179.39%

18.70%

34.02%

525.90%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/22/22

9/21/22

% Change

Change

8/24/22

% Change

9/23/21

% Change

 

 

Dutch TTF

Nov-22

EUR 203.91

EUR 197.01

3.50%

EUR 6.90

EUR 298.60

-31.71%

EUR 35.04

481.97%

 

 

NBP

Nov-22

GBP 430.00

GBP 415.45

3.50%

GBP 14.55

GBP 695.01

-38.13%

GBP 91.84

368.22%

 

 

German Base

Nov-22

EUR 527.04

EUR 545.02

-3.30%

-EUR 17.98

EUR 771.46

-31.68%

EUR 90.79

480.50%

 

 

UK Base

Nov-22

GBP 542.62

GBP 569.57

-4.73%

-GBP 26.95

GBP 844.85

-35.77%

GBP 90.56

499.19%

 

 

French Base

Nov-22

EUR 1,029.18

EUR 1,011.11

1.79%

EUR 18.07

EUR 1,476.06

-30.28%

EUR 100.11

928.08%

 

 

Italian Base

Nov-22

EUR 541.21

EUR 513.23

5.45%

EUR 27.98

EUR 732.61

-26.13%

EUR 98.70

448.33%

 

 

JKM LNG

Nov-22

$51.43

$64.93

-20.79%

-$13.50

$64.80

-20.64%

$12.67

305.90%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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