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

Dec 30, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:08 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$4.487

$4.559

-1.58%

-$0.072

11,902

 

 

WTI

$78.29

$78.40

-0.14%

-$0.11

57,181

 

 

Brent

$83.45

$82.26

1.45%

$1.19

5,831

 

 

ULSD

$3.285

$3.313

-0.86%

-$0.029

292

 

 

RBOB

$2.387

$2.371

0.70%

$0.017

134

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.05

$4.96

1.81%

$0.09

Mar-23

 

 

3:2:1 Crack

$32.60

$32.14

1.45%

$0.46

Feb-23

 

 

PJM West Spark

NA

NA

NA

NA

Jan-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

12/16/22

776

-4

197

12/17/21

 

 

Canada

12/16/22

199

-3

32

12/17/21

 

 

International

Nov

910

-1

93

Nov

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 12/20/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

91,208

90,796

91,007

-211

 

 

PJM West Off Peak

85,019

84,639

84,681

-42

 

 

Natural Gas Henry Hub

443,871

424,199

433,407

-9,208

 

 

WTI – Light Sweet Crude Futures

145,341

114,677

114,755

-78

 

 

Brent Crude Last Day

156,807

147,493

150,662

-3,169

 

 

NYM Ethanol

20,998

20,365

20,744

-379

 

 

Mt Belvieu LDH Propane Swap

138,655

137,386

136,764

622

 

 

RBOB

260,826

242,164

244,309

-2,145

 

 

HSC Basis

538,752

533,945

530,942

3,003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

12/29/17

 

 

 

12/23/22

12/16/22

Net Change

% Change

12/24/21

% Change

5 Year Avg.

% Change

 

 

East

747

789

-42

-5.32%

777

-3.86%

752

-0.64%

 

 

Midwest

899

974

-75

-7.70%

918

-2.07%

894

0.58%

 

 

Mountain

166

178

-12

-6.74%

180

-7.78%

177

-6.43%

 

 

Pacific

165

186

-21

-11.29%

235

-29.79%

253

-34.68%

 

 

South

1,136

1,199

-63

-5.25%

1,116

1.79%

1,066

6.57%

 

 

    Salt

323

340

-17

-5.00%

326

-0.92%

314

2.80%

 

 

    Non_Salt

813

858

-45

-5.24%

790

2.91%

752

8.11%

 

 

Total

3,112

3,325

-213

-6.41%

3,226

-3.53%

3,142

-0.95%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

12/29/22

12/28/22

% Change

Change

11/30/22

% Change

12/30/21

% Change

 

 

PJM West On Peak

Jan-23

$92.49

$94.99

-2.64%

-$2.50

$146.14

-36.71%

$67.68

36.65%

 

 

ERCOT North On Peak

Jan-23

$55.50

$62.40

-11.06%

-$6.90

$96.25

-42.34%

$55.46

0.06%

 

 

CAISO SP 15 On Peak

Jan-23

$334.71

$380.00

-11.92%

-$45.29

$123.56

170.90%

$61.62

443.14%

 

 

MISO Indiana On Peak

Jan-23

$77.05

$78.97

-2.44%

-$1.93

$124.38

-38.05%

$65.02

18.51%

 

 

NEISO Mass On Peak

Jan-23

$162.74

$181.96

-10.56%

-$19.21

$317.23

-48.70%

$152.18

6.94%

 

 

WECC Mid C On Peak

Jan-23

$295.16

$354.52

-16.74%

-$59.36

$166.61

77.15%

$68.76

329.26%

 

 

NYISO Zone G On Peak

Jan-23

$136.94

$156.67

-12.59%

-$19.73

$254.82

-46.26%

$88.58

54.60%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

12/29/22

12/28/22

% Change

Change

11/30/22

% Change

12/30/21

% Change

 

 

NYMEX Henry Hub

Feb-23

$4.559

$4.685

-2.69%

-$0.13

$6.82

-33.13%

$3.90

16.99%

 

 

Houston Ship Channel

Feb-23

-$0.232

-$0.260

-10.74%

$0.03

$0.39

-158.75%

$0.23

-200.39%

 

 

Chicago

Feb-23

$0.835

$0.935

11.96%

-$0.10

$0.89

-6.36%

$0.40

107.91%

 

 

Waha

Feb-23

-$0.350

-$0.239

-46.36%

-$0.11

-$0.65

-46.54%

-$0.13

162.78%

 

 

Algonquin

Feb-23

$19.184

$19.020

0.86%

$0.16

$27.93

-31.31%

$12.99

47.68%

 

 

Aeco

Feb-23

-$0.804

-$0.795

1.25%

-$0.01

-$2.32

-65.30%

-$1.00

-19.18%

 

 

Socal

Feb-23

$15.185

$14.980

1.37%

$0.21

$3.41

345.62%

$0.84

1716.64%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

12/29/22

12/28/22

% Change

Change

11/30/22

% Change

12/30/21

% Change

 

 

Mt. Belvieu Propane LST

Jan-23

$0.773

$0.763

1.31%

$0.01

$0.80

-3.13%

$0.97

-20.18%

 

 

Mt. Belvieu Propane non LST

Jan-23

$0.766

$0.750

2.17%

$0.02

$0.80

-3.91%

$0.97

-20.82%

 

 

Mt. Belview Ethane

Jan-23

$0.309

$0.319

-3.13%

-$0.01

$0.40

-23.22%

$0.30

3.21%

 

 

Mt. Belview Nat. Gasoline

Jan-23

$1.554

$1.544

0.63%

$0.01

$1.52

2.09%

$1.55

0.09%

 

 

Mt. Belvieu Butane LST

Jan-23

$0.984

$0.959

2.61%

$0.03

$0.94

5.08%

$1.08

-9.00%

 

 

Conway Propane

Jan-23

$0.775

$0.761

1.77%

$0.01

$0.84

-7.22%

$1.02

-24.02%

 

 

Conway Nat. Gasoline

Jan-23

$1.647

$1.594

3.30%

$0.05

$1.59

3.66%

$1.61

1.99%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

12/29/22

12/28/22

% Change

Change

11/30/22

% Change

12/30/21

% Change

 

 

WTI

Feb-23

$78.40

$78.96

-0.71%

-$0.56

$80.66

-2.80%

$70.37

11.41%

 

 

Brent

Feb-23

$83.57

$83.26

0.37%

$0.31

$86.97

-3.91%

$74.02

12.90%

 

 

WCS

Feb-23

-$28.14

-$26.38

6.24%

-$1.76

-$28.55

-1.45%

-$14.60

92.72%

 

 

LLS

Feb-23

$79.65

$80.37

-0.90%

-$0.72

$83.19

-4.25%

$70.94

12.28%

 

 

Mars

Feb-23

$73.51

$74.13

-0.84%

-$0.62

$76.68

-4.14%

$67.59

8.76%

 

 

Sour

Feb-23

$74.39

$73.79

0.81%

$0.60

$75.88

-1.96%

$68.11

9.23%

 

 

ESPO

Feb-23

$80.06

$79.88

0.23%

$0.18

$83.26

-3.84%

$71.82

11.47%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

12/29/22

12/28/22

% Change

Change

11/30/22

% Change

12/30/21

% Change

 

 

NY Heating Oil

Jan-23

$3.27

$3.38

-3.23%

-$0.11

$3.33

-1.71%

$2.29

43.02%

 

 

NY Gasoline

Jan-23

$2.37

$2.35

1.02%

$0.02

$2.38

-0.59%

$2.05

15.43%

 

 

GC Gasoline

Jan-23

$2.27

$2.25

1.07%

$0.02

$2.29

-0.61%

$1.95

16.22%

 

 

GC Jet

Jan-23

$2.96

$3.08

-3.86%

-$0.12

$2.89

2.63%

$2.07

43.17%

 

 

Chicago Ethanol

Jan-23

$2.28

$2.29

-0.44%

-$0.01

$2.25

1.33%

$2.01

13.43%

 

 

Rotterdam Gasoil

Jan-23

$867.16

$869.87

-0.31%

-$2.70

$873.54

-0.73%

$605.16

43.29%

 

 

Singapore Jet Kero

Jan-23

$115.96

$116.08

-0.11%

-$0.13

$113.89

1.81%

$84.48

37.26%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

12/29/22

12/28/22

% Change

Change

11/30/22

% Change

12/30/21

% Change

 

 

Henry Hub Straddle

Feb-23

106.09%

119.36%

-11.12%

-13.27%

123.70%

-14.24%

52.59%

101.73%

 

 

Algonquin Straddle

Feb-23

153.00%

158.85%

-3.68%

-5.85%

152.99%

0.01%

104.84%

45.94%

 

 

Waha Straddle

Feb-23

137.11%

153.14%

-10.47%

-16.03%

143.80%

-4.65%

51.49%

166.28%

 

 

Chicago Straddle

Feb-23

98.77%

110.29%

-10.45%

-11.52%

112.43%

-12.15%

50.58%

95.27%

 

 

PJM West Straddle

Feb-23

149.00%

146.56%

1.66%

2.44%

153.56%

-2.97%

53.98%

176.03%

 

 

SP – 15 Straddle

Feb-23

605.79%

577.74%

4.86%

28.05%

128.56%

371.21%

25.33%

2291.59%

 

 

Mid. C Straddle

Feb-23

529.79%

567.27%

-6.61%

-37.48%

175.63%

201.65%

39.07%

1256.00%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

12/29/22

12/28/22

% Change

Change

11/30/22

% Change

12/30/21

% Change

 

 

Dutch TTF

Feb-23

EUR 85.60

EUR 86.00

-0.47%

-EUR 0.40

EUR 146.95

-41.75%

EUR 82.13

4.23%

 

 

NBP

Feb-23

GBP 211.20

GBP 208.00

1.54%

GBP 3.20

GBP 372.00

-43.23%

GBP 211.23

-0.01%

 

 

German Base

Feb-23

EUR 211.15

EUR 225.17

-6.23%

-EUR 14.02

EUR 409.27

-48.41%

EUR 217.45

-2.89%

 

 

UK Base

Feb-23

GBP 221.98

GBP 239.93

-7.48%

-GBP 17.95

GBP 500.82

-55.68%

GBP 171.62

29.34%

 

 

French Base

Feb-23

EUR 280.03

EUR 298.19

-6.09%

-EUR 18.16

EUR 736.37

-61.97%

EUR 249.74

12.13%

 

 

Italian Base

Feb-23

EUR 243.77

EUR 243.91

-0.06%

-EUR 0.14

EUR 373.60

-34.75%

EUR 242.06

0.71%

 

 

JKM LNG

Feb-23

$27.88

$25.23

10.51%

$2.65

$34.89

-20.11%

$31.92

-12.67%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/24/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

652

235

-4

56.00%

-1.00%

 

 

Middle Atlantic

0

0

0

856

200

-57

30.00%

-6.00%

 

 

E N Central

0

0

0

826

117

-141

17.00%

-15.00%

 

 

W N Central

0

0

0

1,090

163

-28

18.00%

-3.00%

 

 

South Atlantic

3

-4

-6

2,173

215

-40

11.00%

-2.00%

 

 

E S Central

0

-1

-1

1,725

178

49

12.00%

3.00%

 

 

W S Central

0

-1

-6

2,917

470

298

19.00%

11.00%

 

 

Mountain

0

0

0

1,384

141

-17

11.00%

-1.00%

 

 

Pacific

0

0

0

975

271

69

38.00%

8.00%

 

 

United States

1

0

-2

1,438

223

6

18.00%

0.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/24/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

242

-14

-3

1,912

-282

97

NA

NA

 

 

Middle Atlantic

253

16

34

1,785

-158

264

NA

NA

 

 

E N Central

329

60

105

2,122

-68

355

NA

NA

 

 

W N Central

404

110

155

2,392

3

544

NA

NA

 

 

South Atlantic

169

36

62

925

-18

149

NA

NA

 

 

E S Central

242

71

103

1,232

2

214

NA

NA

 

 

W S Central

200

75

112

819

45

317

NA

NA

 

 

Mountain

254

38

64

1,966

38

464

NA

NA

 

 

Pacific

140

9

5

1,155

35

164

NA

NA

 

 

United States

236

42

68

1,500

-37

269

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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