Morning Report: Gas * Power * NGL * Crude * Products * Vols — Nov-21-2022

Nov 21, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:13 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.473

$6.303

2.70%

$0.170

21,516

 

 

WTI

$79.28

$80.08

-1.00%

-$0.80

1,462

 

 

Brent

$86.93

$87.62

-0.79%

-$0.69

6,508

 

 

ULSD

$3.512

$3.518

-0.17%

-$0.006

1,725

 

 

RBOB

$2.420

$2.421

-0.03%

-$0.001

1,305

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$7.42

$7.51

-1.20%

-$0.09

Jan-23

 

 

3:2:1 Crack

$33.83

$33.27

1.68%

$0.56

Dec-22

 

 

PJM West Spark

$82.44

$85.86

-3.99%

-$3.42

Dec-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

11/18/22

782

3

219

11/19/21

 

 

Canada

11/18/22

201

1

34

11/19/21

 

 

International

Oct

911

32

111

Sept

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 11/15/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

84,379

83,834

84,173

-339

 

 

PJM West Off Peak

80,820

80,026

80,564

-538

 

 

Natural Gas Henry Hub

452,270

435,888

442,495

-6,607

 

 

WTI – Light Sweet Crude Futures

147,682

119,131

113,610

5,521

 

 

Brent Crude Last Day

149,119

138,927

143,595

-4,668

 

 

NYM Ethanol

24,167

23,247

23,822

-575

 

 

Mt Belvieu LDH Propane Swap

134,254

133,235

132,987

248

 

 

RBOB

265,895

245,347

252,192

-6,845

 

 

HSC Basis

566,768

563,096

557,308

5,788

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

11/17/17

 

 

 

11/11/22

11/4/22

Net Change

% Change

11/12/21

% Change

5 Year Avg.

% Change

 

 

East

882

865

17

1.97%

900

-2.00%

891

-1.03%

 

 

Midwest

1,084

1,068

16

1.50%

1,079

0.46%

1,067

1.57%

 

 

Mountain

208

208

0

0.00%

212

-1.89%

210

-1.14%

 

 

Pacific

241

247

-6

-2.43%

261

-7.66%

289

-16.55%

 

 

South

1,228

1,193

35

2.93%

1,191

3.11%

1,158

6.03%

 

 

    Salt

327

311

16

5.14%

331

-1.21%

314

4.07%

 

 

    Non_Salt

901

882

19

2.15%

860

4.77%

844

6.78%

 

 

Total

3,644

3,580

64

1.79%

3,644

0.00%

3,616

0.78%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

11/18/22

11/17/22

% Change

Change

10/21/22

% Change

11/19/21

% Change

 

 

PJM West On Peak

Dec-22

$96.29

$99.34

-3.08%

-$3.06

$80.37

19.81%

$52.88

82.08%

 

 

ERCOT North On Peak

Dec-22

$57.10

$61.13

-6.59%

-$4.03

$49.84

14.58%

$42.02

35.89%

 

 

CAISO SP 15 On Peak

Dec-22

$88.98

$85.79

3.72%

$3.19

$80.56

10.45%

$67.28

32.25%

 

 

MISO Indiana On Peak

Dec-22

$87.07

$90.42

-3.71%

-$3.35

$74.98

16.12%

$50.94

70.95%

 

 

NEISO Mass On Peak

Dec-22

$157.45

$172.24

-8.59%

-$14.80

$142.06

10.83%

$95.69

64.53%

 

 

WECC Mid C On Peak

Dec-22

$108.09

$119.43

-9.49%

-$11.34

$84.30

28.22%

$72.67

48.73%

 

 

NYISO Zone G On Peak

Dec-22

$114.19

$122.08

-6.46%

-$7.89

$98.95

15.41%

$70.48

62.03%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

11/18/22

11/17/22

% Change

Change

10/21/22

% Change

11/19/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$6.303

$6.369

-1.04%

-$0.07

$5.47

15.19%

$4.33

45.60%

 

 

Houston Ship Channel

Dec-22

-$0.840

-$0.890

-5.57%

$0.05

-$0.26

219.91%

$0.06

-1436.09%

 

 

Chicago

Dec-22

$0.154

$0.192

24.87%

-$0.04

$0.08

85.51%

$0.17

-8.30%

 

 

Waha

Dec-22

-$1.765

-$1.813

-2.63%

$0.05

-$1.77

-0.04%

-$0.23

673.24%

 

 

Algonquin

Dec-22

$12.521

$13.105

-4.45%

-$0.58

$12.31

1.76%

$5.53

126.39%

 

 

Aeco

Dec-22

-$1.734

-$1.895

-8.53%

$0.16

-$1.61

7.64%

-$1.08

60.80%

 

 

Socal

Dec-22

$2.071

$2.098

-1.28%

-$0.03

$1.64

26.01%

$0.92

125.74%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

11/18/22

11/17/22

% Change

Change

10/21/22

% Change

11/19/21

% Change

 

 

Mt. Belvieu Propane LST

Dec-22

$0.855

$0.858

-0.29%

$0.00

$0.85

0.59%

$0.91

-6.50%

 

 

Mt. Belvieu Propane non LST

Dec-22

$0.847

$0.855

-0.89%

-$0.01

$0.84

1.43%

$0.92

-8.10%

 

 

Mt. Belview Ethane

Dec-22

$0.412

$0.411

0.26%

$0.00

$0.39

6.73%

$0.33

24.37%

 

 

Mt. Belview Nat. Gasoline

Dec-22

$1.554

$1.593

-2.45%

-$0.04

$1.59

-2.16%

$1.56

-0.47%

 

 

Mt. Belvieu Butane LST

Dec-22

$0.993

$1.004

-1.11%

-$0.01

$0.96

3.67%

$1.03

-3.30%

 

 

Conway Propane

Dec-22

$0.893

$0.904

-1.25%

-$0.01

$0.88

0.89%

$0.96

-7.10%

 

 

Conway Nat. Gasoline

Dec-22

$1.673

$1.666

0.44%

$0.01

$1.63

2.62%

$1.56

7.25%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

11/18/22

11/17/22

% Change

Change

10/21/22

% Change

11/19/21

% Change

 

 

WTI

Jan-23

$80.11

$81.40

-1.61%

-$1.29

$83.95

-4.57%

$68.62

16.74%

 

 

Brent

Jan-23

$87.62

$89.78

-2.47%

-$2.16

$91.34

-4.07%

$72.33

21.14%

 

 

WCS

Jan-23

-$26.18

-$28.74

-9.77%

$2.56

-$24.98

4.80%

-$15.22

71.95%

 

 

LLS

Jan-23

$82.13

$83.10

-1.18%

-$0.97

$84.96

-3.33%

$69.25

18.60%

 

 

Mars

Jan-23

$76.42

$77.35

-1.23%

-$0.94

$78.75

-2.96%

$65.52

16.64%

 

 

Sour

Jan-23

$79.74

$78.84

1.13%

$0.90

$81.15

-1.74%

$66.42

20.06%

 

 

ESPO

Jan-23

$83.04

$84.69

-1.98%

-$1.64

$85.22

-2.55%

$69.92

18.76%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

11/18/22

11/17/22

% Change

Change

10/21/22

% Change

11/19/21

% Change

 

 

NY Heating Oil

Dec-22

$3.52

$3.53

-0.23%

-$0.01

$3.56

-0.98%

$2.21

59.56%

 

 

NY Gasoline

Dec-22

$2.42

$2.46

-1.51%

-$0.04

$2.47

-2.10%

$1.95

23.91%

 

 

GC Gasoline

Dec-22

$2.32

$2.36

-1.57%

-$0.04

$2.37

-2.19%

$1.85

25.20%

 

 

GC Jet

Dec-22

$3.00

$2.94

2.15%

$0.06

$3.25

-7.72%

$2.01

49.43%

 

 

Chicago Ethanol

Dec-22

$2.32

$2.31

0.39%

$0.01

$2.35

-1.23%

$2.07

12.02%

 

 

Rotterdam Gasoil

Dec-22

$890.58

$920.65

-3.27%

-$30.07

$943.66

-5.62%

$582.09

53.00%

 

 

Singapore Jet Kero

Dec-22

$115.59

$118.15

-2.17%

-$2.56

$114.76

0.72%

$85.56

35.10%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

11/18/22

11/17/22

% Change

Change

10/21/22

% Change

11/19/21

% Change

 

 

Henry Hub Straddle

Jan-23

131.53%

122.76%

7.14%

8.77%

121.84%

7.95%

48.63%

170.47%

 

 

Algonquin Straddle

Jan-23

176.38%

164.99%

6.90%

11.39%

147.35%

19.70%

58.43%

201.87%

 

 

Waha Straddle

Jan-23

157.57%

149.48%

5.41%

8.09%

137.85%

14.31%

49.95%

215.46%

 

 

Chicago Straddle

Jan-23

119.25%

109.77%

8.64%

9.48%

118.13%

0.95%

47.04%

153.51%

 

 

PJM West Straddle

Jan-23

131.70%

125.91%

4.60%

5.79%

125.34%

5.07%

54.22%

142.90%

 

 

SP – 15 Straddle

Jan-23

120.24%

162.32%

-25.92%

-42.08%

122.27%

-1.66%

22.60%

432.04%

 

 

Mid. C Straddle

Jan-23

250.91%

252.92%

-0.79%

-2.01%

193.25%

29.84%

30.43%

724.55%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

11/18/22

11/17/22

% Change

Change

10/21/22

% Change

11/19/21

% Change

 

 

Dutch TTF

Jan-23

EUR 116.57

EUR 123.02

-5.24%

-EUR 6.45

EUR 151.94

-23.28%

EUR 42.99

171.14%

 

 

NBP

Jan-23

GBP 294.80

GBP 318.61

-7.47%

-GBP 23.81

GBP 397.73

-25.88%

GBP 115.61

154.99%

 

 

German Base

Jan-23

EUR 296.00

EUR 295.82

0.06%

EUR 0.18

EUR 431.36

-31.38%

EUR 119.95

146.78%

 

 

UK Base

Jan-23

GBP 452.16

GBP 445.29

1.54%

GBP 6.87

GBP 770.52

-41.32%

GBP 113.90

296.99%

 

 

French Base

Jan-23

EUR 667.62

EUR 714.06

-6.50%

-EUR 46.44

EUR 1,334.47

-49.97%

EUR 127.28

424.54%

 

 

Italian Base

Jan-23

EUR 303.97

EUR 320.67

-5.21%

-EUR 16.71

EUR 382.48

-20.53%

EUR 122.39

148.37%

 

 

JKM LNG

Jan-23

$30.65

$28.99

5.70%

$1.65

$30.40

0.82%

$16.10

90.35%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

11/19/2022

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

9

-3

-1

2,123

208

-42

11.00%

-2.00%

 

 

E S Central

0

-1

0

1,721

178

49

12.00%

3.00%

 

 

W S Central

0

-6

-11

2,887

455

323

19.00%

13.00%

 

 

Mountain

0

-1

-4

1,384

141

-15

11.00%

-1.00%

 

 

Pacific

0

-1

0

975

273

69

39.00%

8.00%

 

 

United States

2

-1

-2

1,426

220

8

18.00%

1.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/19/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

194

24

36

852

-230

64

NA

NA

 

 

Middle Atlantic

195

39

43

766

-148

164

NA

NA

 

 

E N Central

243

65

57

961

-57

195

NA

NA

 

 

W N Central

277

78

94

1,045

-43

223

NA

NA

 

 

South Atlantic

119

40

38

376

-4

88

NA

NA

 

 

E S Central

191

85

78

539

39

113

NA

NA

 

 

W S Central

152

82

99

302

53

105

NA

NA

 

 

Mountain

223

63

111

885

-49

191

NA

NA

 

 

Pacific

118

24

59

476

-44

28

NA

NA

 

 

United States

179

52

63

646

-46

125

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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