Morning Report: Gas * Power * NGL * Crude * Products * Vols — Sep-30-2022

Sep 30, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:05 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.869

$6.874

-0.07%

-$0.005

14,424

 

 

WTI

$80.76

$81.23

-0.58%

-$0.47

84,024

 

 

Brent

$88.47

$88.49

-0.02%

-$0.02

60

 

 

ULSD

$3.355

$3.415

-1.75%

-$0.060

185

 

 

RBOB

$2.464

$2.508

-1.72%

-$0.043

112

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.97

$7.26

9.78%

$0.71

Nov-22

 

 

3:2:1 Crack

$30.76

$32.18

-4.41%

-$1.42

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

 

 

 

 

09/29/17

 

 

 

9/23/22

9/16/22

Net Change

% Change

9/24/2021

% Change

5 Year Avg.

% Change

 

 

East

721

690

31

4.49%

779

-7.45%

820

-12.09%

 

 

Midwest

879

844

35

4.15%

934

-5.89%

953

-7.76%

 

 

Mountain

176

168

8

4.76%

201

-12.44%

206

-14.40%

 

 

Pacific

243

237

6

2.53%

243

0.00%

285

-14.62%

 

 

South

958

935

23

2.46%

1,013

-5.43%

1,060

-9.66%

 

 

    Salt

204

199

5

2.51%

239

-14.64%

260

-21.42%

 

 

    Non_Salt

754

736

18

2.45%

774

-2.58%

801

-5.82%

 

 

Total

2,977

2,874

103

3.58%

3,170

-6.09%

3,323

-10.42%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

9/29/22

9/28/22

% Change

Change

8/31/22

% Change

9/30/21

% Change

 

 

PJM West On Peak

Oct-22

$83.66

$83.34

0.39%

$0.32

$119.20

-29.81%

$41.56

101.29%

 

 

ERCOT North On Peak

Oct-22

$69.57

$72.65

-4.23%

-$3.08

$115.55

-39.79%

$47.17

47.48%

 

 

CAISO SP 15 On Peak

Oct-22

$72.25

$75.56

-4.38%

-$3.31

$100.00

-27.74%

$72.32

-0.09%

 

 

MISO Indiana On Peak

Oct-22

$84.92

$85.39

-0.55%

-$0.47

$123.02

-30.97%

$41.25

105.89%

 

 

NEISO Mass On Peak

Oct-22

$58.46

$59.93

-2.45%

-$1.47

$94.04

-37.84%

$43.98

32.91%

 

 

WECC Mid C On Peak

Oct-22

$82.57

$86.94

-5.02%

-$4.37

$94.55

-12.67%

$60.48

36.53%

 

 

NYISO Zone G On Peak

Oct-22

$66.84

$71.93

-7.08%

-$5.09

$98.04

-31.83%

$37.81

76.76%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

9/29/22

9/28/22

% Change

Change

8/31/22

% Change

9/30/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$6.874

$6.955

-1.16%

-$0.08

$9.19

-25.19%

$3.99

72.19%

 

 

Houston Ship Channel

Nov-22

-$0.752

-$0.752

0.01%

$0.00

-$0.63

18.69%

-$0.01

5683.85%

 

 

Chicago

Nov-22

-$0.503

-$0.564

12.23%

$0.06

-$0.37

37.25%

-$0.03

1812.17%

 

 

Waha

Nov-22

-$3.111

-$2.973

-4.63%

-$0.14

-$2.26

37.39%

-$0.34

827.86%

 

 

Algonquin

Nov-22

$4.530

$3.628

24.87%

$0.90

$6.86

-33.99%

$2.34

93.25%

 

 

Aeco

Nov-22

-$2.619

-$2.502

4.69%

-$0.12

-$3.43

-23.59%

-$0.89

195.61%

 

 

Socal

Nov-22

-$0.129

-$0.190

-32.21%

$0.06

-$0.01

1272.34%

$1.12

-111.52%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

9/29/22

9/28/22

% Change

Change

8/31/22

% Change

9/30/21

% Change

 

 

Mt. Belvieu Propane LST

Oct-22

$0.875

$0.873

0.24%

$0.00

$1.10

-20.47%

$0.99

-12.04%

 

 

Mt. Belvieu Propane non LST

Oct-22

$0.873

$0.875

-0.20%

$0.00

$1.10

-20.31%

$0.98

-10.82%

 

 

Mt. Belview Ethane

Oct-22

$0.365

$0.372

-1.65%

-$0.01

$0.60

-38.80%

$0.33

12.09%

 

 

Mt. Belview Nat. Gasoline

Oct-22

$1.573

$1.561

0.82%

$0.01

$1.67

-5.52%

$1.51

4.49%

 

 

Mt. Belvieu Butane LST

Oct-22

$0.988

$0.993

-0.56%

-$0.01

$1.18

-16.27%

$1.09

-9.12%

 

 

Conway Propane

Oct-22

$0.890

$0.885

0.53%

$0.00

$1.12

-20.54%

$1.04

-14.07%

 

 

Conway Nat. Gasoline

Oct-22

$1.588

$1.609

-1.29%

-$0.02

$1.69

-6.02%

$1.50

5.82%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

9/29/22

9/28/22

% Change

Change

8/31/22

% Change

9/30/21

% Change

 

 

WTI

Nov-22

$81.23

$82.15

-1.13%

-$0.92

$89.03

-8.76%

$68.20

19.11%

 

 

Brent

Nov-22

$88.49

$89.32

-0.94%

-$0.83

$95.64

-7.48%

$71.76

23.31%

 

 

WCS

Nov-22

-$22.05

-$21.65

1.80%

-$0.40

-$20.10

9.70%

-$12.93

70.59%

 

 

LLS

Nov-22

$82.85

$83.62

-0.93%

-$0.77

$91.19

-9.15%

$69.48

19.23%

 

 

Mars

Nov-22

$78.13

$78.72

-0.75%

-$0.59

$87.24

-10.45%

$66.32

17.82%

 

 

Sour

Nov-22

$80.32

$81.06

-0.91%

-$0.73

$87.03

-7.71%

$67.61

18.80%

 

 

ESPO

Nov-22

$85.66

$83.66

2.33%

$2.00

$91.48

-6.37%

$70.17

22.07%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

9/29/22

9/28/22

% Change

Change

8/31/22

% Change

9/30/21

% Change

 

 

NY Heating Oil

Oct-22

$3.41

$3.45

-1.25%

-$0.04

$3.63

-6.30%

$2.23

53.01%

 

 

NY Gasoline

Oct-22

$2.56

$2.37

7.75%

$0.18

$2.43

5.18%

$1.97

29.65%

 

 

GC Gasoline

Oct-22

$2.46

$2.27

8.09%

$0.18

$2.33

5.40%

$1.87

31.23%

 

 

GC Jet

Oct-22

$3.54

$3.38

4.82%

$0.16

$3.13

13.19%

$2.04

73.76%

 

 

Chicago Ethanol

Oct-22

$2.34

$2.30

1.52%

$0.04

$2.43

-3.63%

$1.73

35.59%

 

 

Rotterdam Gasoil

Oct-22

$943.13

$932.26

1.17%

$10.87

$1,029.03

-8.35%

$593.26

58.97%

 

 

Singapore Jet Kero

Oct-22

$115.83

$115.14

0.60%

$0.69

$132.80

-12.78%

$82.58

40.26%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

9/29/22

9/28/22

% Change

Change

8/31/22

% Change

9/30/21

% Change

 

 

Henry Hub Straddle

Nov-22

98.10%

90.44%

8.47%

7.66%

85.87%

14.24%

36.62%

167.89%

 

 

Algonquin Straddle

Nov-22

133.32%

121.79%

9.47%

11.53%

132.90%

0.32%

65.25%

104.32%

 

 

Waha Straddle

Nov-22

150.02%

147.29%

1.85%

2.73%

112.69%

33.13%

40.86%

267.16%

 

 

Chicago Straddle

Nov-22

103.97%

96.40%

7.85%

7.57%

88.25%

17.81%

35.98%

188.97%

 

 

PJM West Straddle

Nov-22

87.14%

86.57%

0.66%

0.57%

83.63%

4.20%

26.22%

232.34%

 

 

SP – 15 Straddle

Nov-22

102.05%

112.48%

-9.27%

-10.43%

136.78%

-25.39%

29.13%

250.33%

 

 

Mid. C Straddle

Nov-22

172.72%

192.15%

-10.11%

-19.43%

153.70%

12.37%

37.93%

355.37%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

9/29/22

9/28/22

% Change

Change

8/31/22

% Change

9/30/21

% Change

 

 

Dutch TTF

Nov-22

EUR 205.00

EUR 221.85

-7.60%

-EUR 16.85

EUR 243.71

-15.89%

EUR 43.01

376.58%

 

 

NBP

Nov-22

GBP 414.50

GBP 470.00

-11.81%

-GBP 55.50

GBP 548.00

-24.36%

GBP 116.04

257.21%

 

 

German Base

Nov-22

EUR 444.00

EUR 492.02

-9.76%

-EUR 48.02

EUR 730.61

-39.23%

EUR 113.29

291.92%

 

 

UK Base

Nov-22

GBP 523.66

GBP 467.24

12.08%

GBP 56.42

GBP 773.40

-32.29%

GBP 102.80

409.39%

 

 

French Base

Nov-22

EUR 981.24

EUR 1,131.80

-13.30%

-EUR 150.56

EUR 1,174.81

-16.48%

EUR 124.69

686.97%

 

 

Italian Base

Nov-22

EUR 490.60

EUR 538.46

-8.89%

-EUR 47.86

EUR 568.02

-13.63%

EUR 128.08

283.04%

 

 

JKM LNG

Nov-22

$42.43

$49.80

-14.79%

-$7.37

$52.62

-19.36%

$17.24

146.20%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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