Morning Report: Gas * Power * NGL * Crude * Products * Vols — Feb-09-2023

Feb 9, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:04 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.431

$2.396

1.46%

$0.035

32,722

 

 

WTI

$77.81

$78.47

-0.84%

-$0.66

84,278

 

 

Brent

$84.48

$85.09

-0.72%

-$0.61

8,960

 

 

ULSD

$2.827

$2.893

-2.30%

-$0.067

5,078

 

 

RBOB

$2.432

$2.463

-1.25%

-$0.031

4,425

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.41

$6.40

0.16%

$0.01

Apr-23

 

 

3:2:1 Crack

$34.42

$35.57

-3.23%

-$1.15

Mar-23

 

 

PJM West Spark

$31.31

$33.93

-7.72%

-$2.62

Mar-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

02/03/23

759

-12

146

02/04/22

 

 

Canada

02/03/23

249

2

31

02/04/22

 

 

International

Jan

901

1

60

Jan

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 1/24/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

96,035

95,644

95,871

-227

 

 

PJM West Off Peak

87,641

87,239

87,353

-114

 

 

Natural Gas Henry Hub

451,692

429,931

441,012

-11,081

 

 

WTI – Light Sweet Crude Futures

147,592

110,044

113,781

-3,737

 

 

Brent Crude Last Day

160,969

152,193

155,194

-3,001

 

 

NYM Ethanol

25,088

24,363

24,610

-247

 

 

Mt Belvieu LDH Propane Swap

139,408

138,186

138,760

-574

 

 

RBOB

318,554

295,300

304,258

-8,958

 

 

HSC Basis

539,877

535,221

531,339

3,882

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

02/02/18

 

 

 

1/27/23

1/20/23

Net Change

% Change

1/28/22

% Change

5 Year Avg.

% Change

 

 

East

578

622

-44

-7.07%

541

6.84%

535

7.96%

 

 

Midwest

708

749

-41

-5.47%

616

14.94%

625

13.28%

 

 

Mountain

132

140

-8

-5.71%

133

-0.75%

133

-0.45%

 

 

Pacific

140

150

-10

-6.67%

196

-28.57%

210

-33.46%

 

 

South

1,025

1,067

-42

-3.94%

837

22.46%

829

23.70%

 

 

    Salt

297

310

-13

-4.19%

231

28.57%

244

21.92%

 

 

    Non_Salt

728

757

-29

-3.83%

606

20.13%

585

24.49%

 

 

Total

2,583

2,729

-146

-5.35%

2,323

11.19%

2,332

10.77%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

2/8/23

2/7/23

% Change

Change

1/10/23

% Change

2/8/22

% Change

 

 

PJM West On Peak

Mar-23

$36.51

$39.05

-6.51%

-$2.54

$50.57

-27.81%

$56.11

-34.93%

 

 

ERCOT North On Peak

Mar-23

$30.85

$31.30

-1.45%

-$0.45

$42.81

-27.93%

$47.96

-35.68%

 

 

CAISO SP 15 On Peak

Mar-23

$38.21

$37.90

0.82%

$0.31

$78.30

-51.20%

$49.94

-23.49%

 

 

MISO Indiana On Peak

Mar-23

$35.90

$38.63

-7.06%

-$2.73

$48.56

-26.07%

$53.48

-32.88%

 

 

NEISO Mass On Peak

Mar-23

$54.87

$58.89

-6.83%

-$4.02

$85.94

-36.15%

$87.78

-37.49%

 

 

WECC Mid C On Peak

Mar-23

$55.16

$56.35

-2.11%

-$1.19

$84.43

-34.67%

$46.59

18.40%

 

 

NYISO Zone G On Peak

Mar-23

$43.81

$46.82

-6.43%

-$3.01

$62.51

-29.92%

$73.21

-40.16%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

2/8/23

2/7/23

% Change

Change

1/10/23

% Change

2/8/22

% Change

 

 

NYMEX Henry Hub

Mar-23

$2.396

$2.584

-7.28%

-$0.19

$3.31

-27.70%

$4.20

-42.95%

 

 

Houston Ship Channel

Mar-23

-$0.364

-$0.399

-8.87%

$0.04

-$0.41

-11.14%

-$0.13

170.61%

 

 

Chicago

Mar-23

$0.074

$0.090

21.85%

-$0.02

-$0.07

-202.79%

$0.06

26.63%

 

 

Waha

Mar-23

-$1.059

-$1.375

-22.96%

$0.32

-$2.29

-53.80%

-$1.21

-12.40%

 

 

Algonquin

Mar-23

$2.750

$2.711

1.42%

$0.04

$5.89

-53.29%

$4.64

-40.68%

 

 

Aeco

Mar-23

-$0.383

-$0.282

36.01%

-$0.10

-$0.61

-37.14%

-$0.98

-61.00%

 

 

Socal

Mar-23

$0.555

$0.811

-31.57%

-$0.26

$3.21

-82.74%

$0.17

218.85%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

2/8/23

2/7/23

% Change

Change

1/10/23

% Change

2/8/22

% Change

 

 

Mt. Belvieu Propane LST

Mar-23

$0.852

$0.822

3.64%

$0.03

$0.78

9.28%

$1.01

-15.27%

 

 

Mt. Belvieu Propane non LST

Mar-23

$0.850

$0.825

3.03%

$0.02

$0.78

8.29%

$0.99

-14.48%

 

 

Mt. Belview Ethane

Mar-23

$0.257

$0.268

-3.75%

-$0.01

$0.25

2.46%

$0.33

-21.24%

 

 

Mt. Belview Nat. Gasoline

Mar-23

$1.632

$1.606

1.64%

$0.03

$1.53

6.56%

$1.69

-3.43%

 

 

Mt. Belvieu Butane LST

Mar-23

$1.083

$1.038

4.30%

$0.04

$0.97

11.28%

$1.17

-7.26%

 

 

Conway Propane

Mar-23

$0.800

$0.773

3.56%

$0.03

$0.77

3.37%

$1.03

-22.21%

 

 

Conway Nat. Gasoline

Mar-23

$1.669

$1.655

0.87%

$0.01

$1.54

8.53%

$1.72

-2.81%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

2/8/23

2/7/23

% Change

Change

1/10/23

% Change

2/8/22

% Change

 

 

WTI

Apr-23

$78.69

$77.39

1.65%

$1.30

$75.60

4.09%

$76.96

2.25%

 

 

Brent

Apr-23

$85.09

$83.69

1.65%

$1.40

$80.28

5.99%

$80.77

5.35%

 

 

WCS

Apr-23

-$19.73

-$19.47

1.31%

-$0.26

-$23.50

-16.03%

-$13.39

47.40%

 

 

LLS

Apr-23

$81.65

$79.54

2.58%

$2.11

$77.61

5.21%

$78.18

4.44%

 

 

Mars

Apr-23

$77.36

$75.40

2.54%

$1.96

$71.36

8.40%

$74.44

3.93%

 

 

Sour

Apr-23

$76.20

$74.81

1.82%

$1.39

$70.78

7.65%

$75.71

0.65%

 

 

ESPO

Apr-23

$82.57

$80.92

2.00%

$1.65

$78.78

4.81%

$77.85

6.07%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

2/8/23

2/7/23

% Change

Change

1/10/23

% Change

2/8/22

% Change

 

 

NY Heating Oil

Mar-23

$2.89

$2.91

-0.72%

-$0.02

$3.06

-5.61%

$2.48

16.71%

 

 

NY Gasoline

Mar-23

$2.46

$2.46

0.00%

$0.00

$2.32

6.25%

$2.31

6.90%

 

 

GC Gasoline

Mar-23

$2.36

$2.36

0.00%

$0.00

$2.22

6.53%

$2.20

7.21%

 

 

GC Jet

Mar-23

$2.67

$2.76

-3.51%

-$0.10

$2.70

-1.11%

$2.27

17.70%

 

 

Chicago Ethanol

Mar-23

$2.20

$2.20

0.32%

$0.01

$2.13

3.28%

$2.21

-0.27%

 

 

Rotterdam Gasoil

Mar-23

$784.54

$777.63

0.89%

$6.91

$786.45

-0.24%

$666.91

17.64%

 

 

Singapore Jet Kero

Mar-23

$107.19

$104.11

2.95%

$3.08

$107.78

-0.55%

$92.64

15.70%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

2/8/23

2/7/23

% Change

Change

1/10/23

% Change

2/8/22

% Change

 

 

Henry Hub Straddle

Mar-23

99.83%

86.10%

15.95%

13.73%

100.26%

-0.43%

56.20%

77.63%

 

 

Algonquin Straddle

Mar-23

136.11%

130.31%

4.45%

5.80%

132.07%

3.06%

85.85%

58.54%

 

 

Waha Straddle

Mar-23

244.05%

234.94%

3.88%

9.11%

306.45%

-20.36%

71.01%

243.68%

 

 

Chicago Straddle

Mar-23

111.71%

100.35%

11.32%

11.36%

110.87%

0.76%

58.88%

89.72%

 

 

PJM West Straddle

Mar-23

107.60%

103.69%

3.77%

3.91%

93.59%

14.97%

51.31%

109.71%

 

 

SP – 15 Straddle

Mar-23

53.60%

53.47%

0.24%

0.13%

136.21%

-60.65%

27.74%

93.22%

 

 

Mid. C Straddle

Mar-23

133.18%

121.22%

9.87%

11.96%

135.71%

-1.86%

40.26%

230.80%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

2/8/23

2/7/23

% Change

Change

1/10/23

% Change

2/8/22

% Change

 

 

Dutch TTF

Mar-23

EUR 54.30

EUR 54.50

-0.37%

-EUR 0.20

EUR 70.80

-23.31%

EUR 74.36

-26.98%

 

 

NBP

Mar-23

GBP 136.25

GBP 138.00

-1.27%

-GBP 1.75

GBP 174.25

-21.81%

GBP 194.38

-29.90%

 

 

German Base

Mar-23

EUR 130.75

EUR 128.91

1.42%

EUR 1.84

EUR 177.53

-26.35%

EUR 190.61

-31.40%

 

 

UK Base

Mar-23

GBP 140.49

GBP 142.71

-1.56%

-GBP 2.22

GBP 171.99

-18.31%

GBP 191.74

-26.73%

 

 

French Base

Mar-23

EUR 147.13

EUR 144.10

2.10%

EUR 3.03

EUR 199.64

-26.30%

EUR 243.11

-39.48%

 

 

Italian Base

Mar-23

EUR 156.37

EUR 162.21

-3.60%

-EUR 5.85

EUR 191.20

-18.22%

EUR 201.75

-22.49%

 

 

JKM LNG

Mar-23

$18.15

$18.11

0.19%

$0.03

$22.22

-18.33%

$26.33

-31.08%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

02/04/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

0

0

0

NA

NA

 

 

Middle Atlantic

0

0

0

0

0

0

NA

NA

 

 

E N Central

0

0

0

0

0

0

NA

NA

 

 

W N Central

0

0

0

0

0

0

NA

NA

 

 

South Atlantic

11

4

7

36

-2

8

NA

NA

 

 

E S Central

0

-1

0

2

-6

-2

NA

NA

 

 

W S Central

0

-4

0

17

1

10

NA

NA

 

 

Mountain

0

-1

0

0

-1

0

NA

NA

 

 

Pacific

0

0

0

0

-2

0

NA

NA

 

 

United States

2

0

1

9

-1

2

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

02/04/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

277

-4

-15

3,289

-579

-182

NA

NA

 

 

Middle Atlantic

255

-6

-22

3,037

-461

-11

NA

NA

 

 

E N Central

323

34

17

3,574

-364

103

NA

NA

 

 

W N Central

369

68

49

4,067

-188

339

NA

NA

 

 

South Atlantic

114

-27

-30

1,625

-181

90

NA

NA

 

 

E S Central

174

-3

0

2,098

-232

120

NA

NA

 

 

W S Central

173

49

39

1,477

-91

308

NA

NA

 

 

Mountain

247

44

11

3,268

55

486

NA

NA

 

 

Pacific

145

26

13

1,945

61

187

NA

NA

 

 

United States

217

16

4

2,559

-211

149

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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