Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-29-2022

Sep 29, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 9:00 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.745

$6.868

-1.79%

-$0.123

24,061

 

 

WTI

$81.81

$82.15

-0.41%

-$0.34

123,879

 

 

Brent

$88.70

$89.32

-0.69%

-$0.62

2,019

 

 

ULSD

$3.395

$3.449

-1.59%

-$0.055

785

 

 

RBOB

$2.522

$2.578

-2.16%

-$0.056

804

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.42

$7.17

3.49%

$0.25

Nov-22

 

 

3:2:1 Crack

$32.07

$33.50

-4.26%

-$1.43

Nov-22

 

 

PJM West Spark

NA

NA

NA

NA

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

9/28/22

9/27/22

% Change

Change

8/30/22

% Change

9/29/21

% Change

 

 

PJM West On Peak

Oct-22

$83.34

$84.94

-1.89%

-$1.60

$115.15

-27.63%

$39.75

109.66%

 

 

ERCOT North On Peak

Oct-22

$72.65

$79.49

-8.61%

-$6.84

$111.57

-34.88%

$44.53

63.16%

 

 

CAISO SP 15 On Peak

Oct-22

$75.56

$71.46

5.74%

$4.10

$96.25

-21.49%

$62.40

21.10%

 

 

MISO Indiana On Peak

Oct-22

$85.39

$87.46

-2.37%

-$2.07

$118.60

-28.00%

$39.59

115.70%

 

 

NEISO Mass On Peak

Oct-22

$59.93

$61.43

-2.45%

-$1.50

$88.52

-32.30%

$42.41

41.31%

 

 

WECC Mid C On Peak

Oct-22

$86.94

$84.18

3.28%

$2.76

$88.95

-2.26%

$60.70

43.22%

 

 

NYISO Zone G On Peak

Oct-22

$71.93

$68.75

4.63%

$3.18

$95.06

-24.33%

$36.28

98.27%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/28/22

9/27/22

% Change

Change

8/30/22

% Change

9/29/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$6.955

$6.760

2.88%

$0.19

$9.10

-23.60%

$3.90

78.42%

 

 

Houston Ship Channel

Nov-22

-$0.752

-$0.843

-10.82%

$0.09

-$0.65

14.85%

$0.00

25824.14%

 

 

Chicago

Nov-22

-$0.564

-$0.599

6.08%

$0.03

-$0.37

50.79%

-$0.02

2549.77%

 

 

Waha

Nov-22

-$2.973

-$2.894

-2.73%

-$0.08

-$2.32

28.17%

-$0.33

790.48%

 

 

Algonquin

Nov-22

$3.628

$3.229

12.36%

$0.40

$7.94

-54.32%

$2.16

68.00%

 

 

Aeco

Nov-22

-$2.502

-$2.405

4.05%

-$0.10

-$3.73

-32.98%

-$0.92

171.49%

 

 

Socal

Nov-22

-$0.190

-$0.220

-13.62%

$0.03

$0.03

-728.05%

$1.09

-117.50%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/28/22

9/27/22

% Change

Change

8/30/22

% Change

9/29/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$0.873

$0.857

1.79%

$0.02

$1.10

-20.67%

$0.99

-11.54%

 

 

Mt. Belvieu Propane non LST

Oct-22

$0.875

$0.860

1.72%

$0.01

$1.10

-20.26%

$0.99

-11.49%

 

 

Mt. Belview Ethane

Oct-22

$0.372

$0.365

1.90%

$0.01

$0.59

-36.49%

$0.33

14.23%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.561

$1.454

7.32%

$0.11

$1.72

-9.08%

$1.54

1.15%

 

 

Mt. Belvieu Butane LST

Oct-22

$0.993

$0.968

2.60%

$0.03

$1.19

-16.36%

$1.06

-6.46%

 

 

Conway Propane

Oct-22

$0.885

$0.886

-0.05%

$0.00

$1.12

-21.15%

$1.01

-12.31%

 

 

Conway Nat. Gasoline

Oct-22

$1.609

$1.552

3.62%

$0.06

$1.78

-9.46%

$1.54

4.54%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/28/22

9/27/22

% Change

Change

8/30/22

% Change

9/29/21

% Change

 

 

WTI

Nov-22

$82.15

$78.50

4.44%

$3.65

$91.17

-9.89%

$68.27

20.33%

 

 

Brent

Nov-22

$89.32

$86.27

3.41%

$3.05

$97.84

-8.71%

$71.82

24.37%

 

 

WCS

Nov-22

-$21.65

-$22.37

-3.31%

$0.72

-$19.85

9.08%

-$12.84

68.69%

 

 

LLS

Nov-22

$83.62

$80.29

3.98%

$3.33

$92.25

-9.36%

$69.11

21.00%

 

 

Mars

Nov-22

$78.72

$76.00

3.45%

$2.72

$88.45

-11.00%

$65.94

19.37%

 

 

Sour

Nov-22

$81.06

$76.75

5.31%

$4.30

$90.04

-9.98%

$67.19

20.64%

 

 

ESPO

Nov-22

$83.66

$81.62

2.44%

$2.04

$91.37

-8.43%

$69.64

20.13%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/28/22

9/27/22

% Change

Change

8/30/22

% Change

9/29/21

% Change

 

 

NY Heating Oil

Oct-22

$3.45

$3.24

6.32%

$0.20

$3.78

-8.78%

$2.18

57.85%

 

 

NY Gasoline

Oct-22

$2.37

$2.49

-4.66%

-$0.12

$2.63

-9.73%

$2.01

18.34%

 

 

GC Gasoline

Oct-22

$2.27

$2.39

-4.85%

-$0.12

$2.53

-10.12%

$1.91

19.31%

 

 

GC Jet

Oct-22

$3.38

$2.98

13.31%

$0.40

$3.42

-1.14%

$2.00

69.00%

 

 

Chicago Ethanol

Oct-22

$2.30

$2.25

2.40%

$0.05

$2.51

-8.28%

$1.78

29.44%

 

 

Rotterdam Gasoil

Oct-22

$932.26

$883.79

5.48%

$48.47

$1,030.49

-9.53%

$586.50

58.95%

 

 

Singapore Jet Kero

Oct-22

$115.14

$108.19

6.43%

$6.95

$141.16

-18.43%

$82.10

40.24%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/28/22

9/27/22

% Change

Change

8/30/22

% Change

9/29/21

% Change

 

 

Henry Hub Straddle

Nov-22

90.44%

96.83%

-6.60%

-6.39%

93.06%

-2.82%

41.93%

115.69%

 

 

Algonquin Straddle

Nov-22

121.79%

119.62%

1.81%

2.17%

122.29%

-0.41%

71.38%

70.62%

 

 

Waha Straddle

Nov-22

147.29%

157.02%

-6.20%

-9.73%

139.93%

5.26%

45.98%

220.33%

 

 

Chicago Straddle

Nov-22

96.40%

98.76%

-2.39%

-2.36%

96.70%

-0.31%

41.38%

132.96%

 

 

PJM West Straddle

Nov-22

86.57%

84.42%

2.55%

2.15%

86.67%

-0.12%

25.82%

235.28%

 

 

SP – 15 Straddle

Nov-22

112.48%

182.06%

-38.22%

-69.58%

116.19%

-3.19%

25.77%

336.48%

 

 

Mid. C Straddle

Nov-22

192.15%

145.63%

31.94%

46.52%

122.50%

56.86%

34.14%

462.83%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/28/22

9/27/22

% Change

Change

8/30/22

% Change

9/29/21

% Change

 

 

Dutch TTF

Nov-22

EUR 221.85

EUR 225.89

-1.79%

-EUR 4.04

EUR 275.74

-19.54%

EUR 43.29

412.43%

 

 

NBP

Nov-22

GBP 470.00

GBP 475.00

-1.05%

-GBP 5.00

GBP 606.20

-22.47%

GBP 111.33

322.16%

 

 

German Base

Nov-22

EUR 492.02

EUR 497.20

-1.04%

-EUR 5.18

EUR 768.11

-35.94%

EUR 102.81

378.56%

 

 

UK Base

Nov-22

GBP 467.24

GBP 497.14

-6.01%

-GBP 29.90

GBP 713.40

-34.50%

GBP 119.95

289.53%

 

 

French Base

Nov-22

EUR 1,131.80

EUR 1,020.27

10.93%

EUR 111.53

EUR 1,467.99

-22.90%

EUR 115.51

879.81%

 

 

Italian Base

Nov-22

EUR 538.46

EUR 515.92

4.37%

EUR 22.53

EUR 595.94

-9.64%

EUR 118.23

355.42%

 

 

JKM LNG

Nov-22

$49.80

$58.90

-15.45%

-$9.10

$58.32

-14.61%

$14.94

233.41%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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