Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-28-2022

Sep 28, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:05 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.570

$6.651

-1.22%

-$0.081

627

 

 

WTI

$79.63

$78.50

1.44%

$1.13

101,542

 

 

Brent

$87.27

$86.27

1.16%

$1.00

4,016

 

 

ULSD

$3.323

$3.260

1.93%

$0.063

1,342

 

 

RBOB

$2.517

$2.493

0.95%

$0.024

772

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.57

$7.77

-2.57%

-$0.20

Nov-22

 

 

3:2:1 Crack

$32.83

$32.22

1.91%

$0.62

Nov-22

 

 

PJM West Spark

$70.88

$68.04

4.17%

$2.84

Oct-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

09/23/22

764

1

243

09/24/21

 

 

Canada

09/23/22

215

4

53

09/24/21

 

 

International

Aug

860

27

83

Aug

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 9/20/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

88,650

88,182

88,448

-266

 

 

PJM West Off Peak

84,152

83,379

83,706

-327

 

 

Natural Gas Henry Hub

492,107

469,869

482,018

-12,149

 

 

WTI – Light Sweet Crude Futures

304,968

247,399

233,071

14,328

 

 

Brent Crude Last Day

175,855

167,997

169,286

-1,289

 

 

NYM Ethanol

30,044

29,587

29,789

-202

 

 

Mt Belvieu LDH Propane Swap

124,253

123,102

123,743

-641

 

 

RBOB

259,312

240,692

241,738

-1,046

 

 

HSC Basis

581,773

577,487

575,263

2,224

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

9/27/22

9/26/22

% Change

Change

8/29/22

% Change

9/28/21

% Change

 

 

PJM West On Peak

Oct-22

$84.94

$82.27

3.24%

$2.67

$122.74

-30.80%

$41.38

105.28%

 

 

ERCOT North On Peak

Oct-22

$79.49

$85.60

-7.14%

-$6.11

$138.02

-42.40%

$45.38

75.18%

 

 

CAISO SP 15 On Peak

Oct-22

$71.46

$74.22

-3.71%

-$2.75

$96.50

-25.95%

$63.80

12.02%

 

 

MISO Indiana On Peak

Oct-22

$87.46

$84.41

3.62%

$3.05

$126.67

-30.95%

$41.23

112.11%

 

 

NEISO Mass On Peak

Oct-22

$61.43

$57.21

7.39%

$4.22

$98.11

-37.38%

$41.17

49.22%

 

 

WECC Mid C On Peak

Oct-22

$84.18

$85.18

-1.17%

-$1.00

$91.70

-8.20%

$60.20

39.84%

 

 

NYISO Zone G On Peak

Oct-22

$68.75

$64.49

6.61%

$4.26

$103.18

-33.37%

$38.12

80.35%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/27/22

9/26/22

% Change

Change

8/29/22

% Change

9/28/21

% Change

 

 

NYMEX Henry Hub

Oct-22

$6.651

$6.903

-3.65%

-$0.25

$9.34

-28.76%

$3.92

69.63%

 

 

Houston Ship Channel

Oct-22

-$1.490

-$1.187

25.54%

-$0.30

-$0.75

97.43%

-$0.04

3872.27%

 

 

Chicago

Oct-22

-$1.265

-$1.075

-15.02%

-$0.19

-$0.63

100.65%

-$0.14

778.82%

 

 

Waha

Oct-22

-$3.413

-$2.852

-19.68%

-$0.56

-$2.19

55.84%

-$0.44

678.20%

 

 

Algonquin

Oct-22

-$1.738

-$1.355

-28.30%

-$0.38

-$0.63

174.90%

-$0.48

259.22%

 

 

Aeco

Oct-22

-$3.065

-$3.426

-10.55%

$0.36

-$4.13

-25.71%

-$1.07

186.18%

 

 

Socal

Oct-22

-$0.535

-$0.517

3.30%

-$0.02

-$0.38

40.47%

$0.84

-163.83%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/27/22

9/26/22

% Change

Change

8/29/22

% Change

9/28/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$0.857

$0.857

0.09%

$0.00

$1.12

-23.78%

$0.98

-12.68%

 

 

Mt. Belvieu Propane non LST

Oct-22

$0.860

$0.890

-3.33%

-$0.03

$1.12

-23.49%

$0.99

-13.29%

 

 

Mt. Belview Ethane

Oct-22

$0.365

$0.373

-2.27%

-$0.01

$0.61

-39.99%

$0.33

11.40%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.454

$1.495

-2.70%

-$0.04

$1.74

-16.56%

$1.57

-7.61%

 

 

Mt. Belvieu Butane LST

Oct-22

$0.968

$0.946

2.32%

$0.02

$1.21

-19.90%

$1.07

-9.48%

 

 

Conway Propane

Oct-22

$0.886

$0.884

0.23%

$0.00

$1.15

-22.90%

$1.01

-12.52%

 

 

Conway Nat. Gasoline

Oct-22

$1.552

$1.541

0.75%

$0.01

$1.82

-14.55%

$1.57

-1.09%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/27/22

9/26/22

% Change

Change

8/29/22

% Change

9/28/21

% Change

 

 

WTI

Nov-22

$78.50

$76.71

2.28%

$1.79

$96.19

-18.39%

$68.31

14.92%

 

 

Brent

Nov-22

$86.27

$84.06

2.56%

$2.21

$102.93

-16.19%

$71.81

20.14%

 

 

WCS

Nov-22

-$22.37

-$22.03

1.51%

-$0.34

-$19.70

13.55%

-$12.83

74.41%

 

 

LLS

Nov-22

$80.29

$78.38

2.38%

$1.91

$97.18

-17.38%

$69.04

16.30%

 

 

Mars

Nov-22

$76.00

$74.00

2.63%

$2.00

$92.92

-18.21%

$66.61

14.09%

 

 

Sour

Nov-22

$76.75

$75.02

2.26%

$1.73

$94.29

-18.60%

$67.87

13.09%

 

 

ESPO

Nov-22

$81.62

$80.82

0.98%

$0.80

$97.19

-16.02%

$70.33

16.06%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/27/22

9/26/22

% Change

Change

8/29/22

% Change

9/28/21

% Change

 

 

NY Heating Oil

Oct-22

$3.24

$3.14

3.44%

$0.11

$3.86

-16.00%

$2.17

49.56%

 

 

NY Gasoline

Oct-22

$2.49

$2.36

5.60%

$0.13

$2.71

-8.29%

$2.01

23.88%

 

 

GC Gasoline

Oct-22

$2.39

$2.26

5.85%

$0.13

$2.62

-8.60%

$1.91

25.13%

 

 

GC Jet

Oct-22

$2.98

$2.91

2.37%

$0.07

$3.55

-15.92%

$2.01

48.70%

 

 

Chicago Ethanol

Oct-22

$2.25

$2.25

0.18%

$0.00

$2.45

-8.09%

$1.74

29.68%

 

 

Rotterdam Gasoil

Oct-22

$883.79

$868.31

1.78%

$15.47

$1,093.00

-19.14%

$591.98

49.29%

 

 

Singapore Jet Kero

Oct-22

$108.19

$108.22

-0.03%

-$0.03

$141.91

-23.76%

$81.76

32.32%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/27/22

9/26/22

% Change

Change

8/29/22

% Change

9/28/21

% Change

 

 

Henry Hub Straddle

Nov-22

96.83%

96.23%

0.62%

0.60%

89.42%

8.29%

38.16%

153.75%

 

 

Algonquin Straddle

Nov-22

119.62%

106.24%

12.59%

13.38%

133.63%

-10.48%

43.03%

177.99%

 

 

Waha Straddle

Nov-22

157.02%

141.50%

10.97%

15.52%

113.37%

38.50%

43.23%

263.22%

 

 

Chicago Straddle

Nov-22

98.76%

100.20%

-1.44%

-1.44%

91.55%

7.88%

39.36%

150.91%

 

 

PJM West Straddle

Nov-22

84.42%

86.90%

-2.85%

-2.48%

89.48%

-5.65%

24.99%

237.82%

 

 

SP – 15 Straddle

Nov-22

182.06%

242.93%

-25.06%

-60.87%

106.26%

71.33%

25.02%

627.66%

 

 

Mid. C Straddle

Nov-22

145.63%

199.75%

-27.09%

-54.12%

128.31%

13.50%

33.42%

335.76%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/27/22

9/26/22

% Change

Change

8/29/22

% Change

9/28/21

% Change

 

 

Dutch TTF

Nov-22

EUR 225.89

EUR 192.50

17.35%

EUR 33.39

EUR 302.00

-25.20%

EUR 39.97

465.08%

 

 

NBP

Nov-22

GBP 475.00

GBP 385.00

23.38%

GBP 90.00

GBP 680.16

-30.16%

GBP 104.25

355.62%

 

 

German Base

Nov-22

EUR 497.20

EUR 471.98

5.34%

EUR 25.22

EUR 921.96

-46.07%

EUR 101.79

388.47%

 

 

UK Base

Nov-22

GBP 497.14

GBP 550.59

-9.71%

-GBP 53.45

GBP 800.44

-37.89%

GBP 103.87

378.61%

 

 

French Base

Nov-22

EUR 1,020.27

EUR 961.59

6.10%

EUR 58.68

EUR 1,708.64

-40.29%

EUR 115.19

785.70%

 

 

Italian Base

Nov-22

EUR 515.92

EUR 521.68

-1.10%

-EUR 5.76

EUR 681.85

-24.33%

EUR 117.87

337.71%

 

 

JKM LNG

Nov-22

$58.90

$48.78

20.74%

$10.12

$73.11

-19.44%

$14.74

299.48%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

09/24/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

3

2

-18

651

235

-3

56.00%

0.00%

 

 

Middle Atlantic

17

9

-6

855

208

-44

32.00%

-5.00%

 

 

E N Central

28

19

4

825

129

-91

19.00%

-10.00%

 

 

W N Central

40

27

17

1,084

177

13

20.00%

1.00%

 

 

South Atlantic

64

10

-3

1,955

238

27

14.00%

1.00%

 

 

E S Central

65

25

17

1,690

231

157

16.00%

10.00%

 

 

W S Central

111

40

31

2,666

442

408

20.00%

18.00%

 

 

Mountain

36

3

2

1,301

140

-32

12.00%

-2.00%

 

 

Pacific

13

-13

-17

879

233

1

36.00%

0.00%

 

 

United States

43

13

2

1,347

226

38

20.00%

3.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

09/24/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

40

-6

27

89

-48

19

NA

NA

 

 

Middle Atlantic

23

-9

17

41

-46

17

NA

NA

 

 

E N Central

28

-8

5

68

-45

1

NA

NA

 

 

W N Central

26

-13

-2

62

-78

-1

NA

NA

 

 

South Atlantic

6

-2

2

8

-5

2

NA

NA

 

 

E S Central

4

-7

-7

9

-8

-5

NA

NA

 

 

W S Central

0

-3

-3

1

-4

-2

NA

NA

 

 

Mountain

19

-18

-9

46

-97

-3

NA

NA

 

 

Pacific

11

-6

1

29

-61

-10

NA

NA

 

 

United States

16

-6

4

35

-39

1

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

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