Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-10-2022

Oct 10, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:10 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.732

$6.748

-0.24%

-$0.016

11,750

 

 

WTI

$92.53

$92.64

-0.12%

-$0.11

82,958

 

 

Brent

$97.74

$97.92

-0.18%

-$0.18

8,576

 

 

ULSD

$4.022

$4.019

0.07%

$0.003

6,129

 

 

RBOB

$2.721

$2.735

-0.50%

-$0.014

3,727

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.45

$6.57

-1.83%

-$0.12

Dec-22

 

 

3:2:1 Crack

$33.67

$34.20

-1.56%

-$0.53

Nov-22

 

 

PJM West Spark

$76.46

$79.93

-4.34%

-$3.47

Nov-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

10/07/22

762

-3

229

10/08/21

 

 

Canada

10/07/22

215

2

48

10/08/21

 

 

International

Sept

879

19

92

Sept

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 10/4/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

91,477

89,837

89,624

213

 

 

PJM West Off Peak

87,025

84,896

85,305

-409

 

 

Natural Gas Henry Hub

469,196

447,572

459,221

-11,649

 

 

WTI – Light Sweet Crude Futures

154,165

123,453

117,658

5,795

 

 

Brent Crude Last Day

175,931

168,551

170,424

-1,873

 

 

NYM Ethanol

20,092

19,338

19,890

-552

 

 

Mt Belvieu LDH Propane Swap

131,205

129,982

130,532

-550

 

 

RBOB

244,940

225,948

231,139

-5,191

 

 

HSC Basis

600,097

592,750

591,245

1,505

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

10/06/17

 

 

 

9/30/22

9/23/22

Net Change

% Change

10/1/2021

% Change

5 Year Avg.

% Change

 

 

East

756

721

35

4.85%

810

-6.67%

846

-10.66%

 

 

Midwest

916

879

37

4.21%

971

-5.66%

987

-7.23%

 

 

Mountain

184

176

8

4.55%

206

-10.68%

210

-12.21%

 

 

Pacific

247

243

4

1.65%

248

-0.40%

288

-14.18%

 

 

South

1,003

958

45

4.70%

1,054

-4.84%

1,087

-7.69%

 

 

    Salt

225

204

21

10.29%

259

-13.13%

271

-16.97%

 

 

    Non_Salt

778

754

24

3.18%

795

-2.14%

815

-4.56%

 

 

Total

3,106

2,977

129

4.33%

3,288

-5.54%

3,417

-9.10%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

10/7/22

10/6/22

% Change

Change

9/9/22

% Change

10/8/21

% Change

 

 

PJM West On Peak

Nov-22

$90.84

$94.37

-3.73%

-$3.52

$116.03

-21.70%

$45.10

101.41%

 

 

ERCOT North On Peak

Nov-22

$64.11

$70.24

-8.72%

-$6.13

$79.68

-19.54%

$39.23

63.43%

 

 

CAISO SP 15 On Peak

Nov-22

$76.70

$77.91

-1.56%

-$1.21

$90.26

-15.02%

$59.49

28.92%

 

 

MISO Indiana On Peak

Nov-22

$88.97

$92.26

-3.57%

-$3.29

$114.14

-22.05%

$44.48

100.00%

 

 

NEISO Mass On Peak

Nov-22

$109.11

$117.74

-7.33%

-$8.63

$139.32

-21.68%

$61.24

78.19%

 

 

WECC Mid C On Peak

Nov-22

$72.13

$77.38

-6.78%

-$5.25

$88.13

-18.15%

$56.52

27.62%

 

 

NYISO Zone G On Peak

Nov-22

$99.18

$103.76

-4.41%

-$4.58

$115.66

-14.24%

$48.73

103.56%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/7/22

10/6/22

% Change

Change

9/9/22

% Change

10/8/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$6.748

$6.972

-3.21%

-$0.22

$8.04

-16.11%

$4.03

67.32%

 

 

Houston Ship Channel

Nov-22

-$0.712

-$0.650

9.48%

-$0.06

-$0.48

48.05%

-$0.06

1062.91%

 

 

Chicago

Nov-22

-$0.387

-$0.380

-1.86%

-$0.01

-$0.33

18.41%

-$0.05

627.82%

 

 

Waha

Nov-22

-$3.373

-$3.206

-5.23%

-$0.17

-$2.18

54.62%

-$0.32

950.81%

 

 

Algonquin

Nov-22

$3.967

$4.147

-4.36%

-$0.18

$6.55

-39.40%

$2.10

89.17%

 

 

Aeco

Nov-22

-$2.444

-$2.456

-0.50%

$0.01

-$3.51

-30.36%

-$0.79

210.51%

 

 

Socal

Nov-22

-$0.150

-$0.145

3.24%

$0.00

-$0.05

173.67%

$0.66

-122.53%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/7/22

10/6/22

% Change

Change

9/9/22

% Change

10/8/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.913

$0.932

-2.14%

-$0.02

$1.02

-10.86%

$1.04

-11.98%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.910

$0.930

-2.13%

-$0.02

$1.11

-18.17%

$1.03

-11.88%

 

 

Mt. Belview Ethane

Nov-22

$0.431

$0.411

4.79%

$0.02

$0.51

-14.87%

$0.33

30.21%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.750

$1.706

2.55%

$0.04

$1.54

13.39%

$1.60

9.06%

 

 

Mt. Belvieu Butane LST

Nov-22

$1.050

$1.030

1.94%

$0.02

$1.11

-5.83%

$1.14

-7.94%

 

 

Conway Propane

Nov-22

$0.938

$0.940

-0.26%

$0.00

$1.07

-12.79%

$1.07

-12.45%

 

 

Conway Nat. Gasoline

Nov-22

$1.768

$1.726

2.42%

$0.04

$1.58

11.70%

$1.62

9.32%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/7/22

10/6/22

% Change

Change

9/9/22

% Change

10/8/21

% Change

 

 

WTI

Nov-22

$92.64

$88.45

4.52%

$4.19

$86.36

7.27%

$71.43

29.69%

 

 

Brent

Nov-22

$98.93

$95.30

3.68%

$3.64

$92.84

6.56%

$75.09

31.75%

 

 

WCS

Nov-22

-$24.44

-$24.13

1.28%

-$0.31

-$20.65

18.33%

-$13.12

86.22%

 

 

LLS

Nov-22

$94.11

$91.49

2.79%

$2.62

$87.25

7.86%

$73.02

28.89%

 

 

Mars

Nov-22

$89.14

$86.99

2.41%

$2.15

$83.64

6.57%

$69.57

28.13%

 

 

Sour

Nov-22

$91.20

$88.02

3.49%

$3.18

$84.38

8.08%

$71.12

28.24%

 

 

ESPO

Nov-22

$95.63

$91.51

4.31%

$4.12

$88.38

8.20%

$73.70

29.75%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/7/22

10/6/22

% Change

Change

9/9/22

% Change

10/8/21

% Change

 

 

NY Heating Oil

Nov-22

$4.02

$3.87

3.83%

$0.15

$3.52

14.06%

$2.32

73.10%

 

 

NY Gasoline

Nov-22

$2.73

$2.68

2.13%

$0.06

$2.40

14.15%

$2.12

28.95%

 

 

GC Gasoline

Nov-22

$2.63

$2.58

2.21%

$0.06

$2.30

14.76%

$2.02

30.38%

 

 

GC Jet

Nov-22

$3.76

$3.63

3.61%

$0.13

$3.16

18.84%

$2.10

78.79%

 

 

Chicago Ethanol

Nov-22

$2.33

$2.32

0.65%

$0.01

$2.27

2.82%

$1.96

19.00%

 

 

Rotterdam Gasoil

Nov-22

$1,070.87

$1,019.11

5.08%

$51.76

$951.94

12.49%

$623.15

71.85%

 

 

Singapore Jet Kero

Nov-22

$128.31

$124.88

2.74%

$3.42

$123.96

3.51%

$86.55

48.24%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/7/22

10/6/22

% Change

Change

9/9/22

% Change

10/8/21

% Change

 

 

Henry Hub Straddle

Nov-22

92.71%

91.82%

0.97%

0.89%

82.19%

12.80%

41.11%

125.52%

 

 

Algonquin Straddle

Nov-22

121.93%

123.15%

-0.99%

-1.22%

118.01%

3.32%

58.92%

106.94%

 

 

Waha Straddle

Nov-22

151.11%

146.12%

3.42%

4.99%

106.31%

42.14%

45.93%

229.00%

 

 

Chicago Straddle

Nov-22

101.15%

100.40%

0.75%

0.75%

85.26%

18.64%

38.34%

163.82%

 

 

PJM West Straddle

Nov-22

89.13%

89.34%

-0.24%

-0.21%

85.33%

4.45%

28.66%

210.99%

 

 

SP – 15 Straddle

Nov-22

128.04%

123.78%

3.44%

4.26%

159.50%

-19.72%

27.21%

370.56%

 

 

Mid. C Straddle

Nov-22

254.78%

258.36%

-1.39%

-3.58%

173.30%

47.02%

36.31%

601.68%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/7/22

10/6/22

% Change

Change

9/9/22

% Change

10/8/21

% Change

 

 

Dutch TTF

Nov-22

EUR 156.50

EUR 166.90

-6.23%

-EUR 10.40

EUR 217.48

-28.04%

EUR 37.98

312.03%

 

 

NBP

Nov-22

GBP 293.89

GBP 315.00

-6.70%

-GBP 21.11

GBP 494.31

-40.55%

GBP 98.41

198.65%

 

 

German Base

Nov-22

EUR 372.50

EUR 391.00

-4.73%

-EUR 18.50

EUR 563.82

-33.93%

EUR 98.71

277.38%

 

 

UK Base

Nov-22

GBP 465.26

GBP 509.79

-8.74%

-GBP 44.53

GBP 569.64

-18.32%

GBP 96.98

379.74%

 

 

French Base

Nov-22

EUR 775.33

EUR 796.81

-2.70%

-EUR 21.49

EUR 1,000.41

-22.50%

EUR 110.18

603.71%

 

 

Italian Base

Nov-22

EUR 375.87

EUR 433.45

-13.28%

-EUR 57.58

EUR 500.97

-24.97%

EUR 104.92

258.24%

 

 

JKM LNG

Nov-22

$30.82

$31.31

-1.56%

-$0.49

$42.44

-27.39%

$14.63

110.70%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

10/08/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

651

234

-3

56.00%

0.00%

 

 

Middle Atlantic

0

-3

-5

855

201

-50

31.00%

-6.00%

 

 

E N Central

0

-4

-18

825

120

-121

17.00%

-13.00%

 

 

W N Central

1

-5

-9

1,087

165

-23

18.00%

-2.00%

 

 

South Atlantic

18

-19

-41

2,004

205

-30

11.00%

-1.00%

 

 

E S Central

2

-20

-40

1,707

196

92

13.00%

6.00%

 

 

W S Central

37

-8

-28

2,758

432

364

19.00%

15.00%

 

 

Mountain

19

-2

3

1,356

147

-11

12.00%

-1.00%

 

 

Pacific

26

11

10

947

267

44

39.00%

5.00%

 

 

United States

13

-6

-16

1,381

218

19

19.00%

1.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/08/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

76

-4

31

228

-52

68

NA

NA

 

 

Middle Atlantic

78

14

64

172

-27

102

NA

NA

 

 

E N Central

80

13

68

223

-8

121

NA

NA

 

 

W N Central

61

-4

40

181

-75

84

NA

NA

 

 

South Atlantic

33

10

32

65

15

50

NA

NA

 

 

E S Central

39

10

36

85

20

58

NA

NA

 

 

W S Central

7

0

6

13

-4

8

NA

NA

 

 

Mountain

44

-14

8

112

-136

-6

NA

NA

 

 

Pacific

5

-22

-25

39

-100

-47

NA

NA

 

 

United States

45

2

30

116

-33

49

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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