Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-14-2022

Oct 14, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:55 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.574

$6.741

-2.48%

-$0.167

21,011

 

 

WTI

$87.61

$89.11

-1.68%

-$1.50

92,705

 

 

Brent

$93.25

$94.57

-1.40%

-$1.32

11,143

 

 

ULSD

$4.064

$4.095

-0.76%

-$0.031

9,597

 

 

RBOB

$2.650

$2.703

-1.96%

-$0.053

7,448

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.74

$6.62

1.81%

$0.12

Dec-22

 

 

3:2:1 Crack

$34.25

$34.86

-1.74%

-$0.61

Nov-22

 

 

PJM West Spark

$71.36

$75.42

-5.39%

-$4.06

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

 

 

 

 

10/13/17

 

 

 

10/7/22

9/30/22

Net Change

% Change

10/8/2021

% Change

5 Year Avg.

% Change

 

 

East

782

756

26

3.44%

834

-6.24%

867

-9.82%

 

 

Midwest

952

916

36

3.93%

997

-4.51%

1,017

-6.37%

 

 

Mountain

190

184

6

3.26%

210

-9.52%

211

-10.12%

 

 

Pacific

249

247

2

0.81%

251

-0.80%

289

-13.96%

 

 

South

1,058

1,003

55

5.48%

1,079

-1.95%

1,105

-4.25%

 

 

    Salt

253

225

28

12.44%

269

-5.95%

277

-8.73%

 

 

    Non_Salt

804

778

26

3.34%

810

-0.74%

827

-2.83%

 

 

Total

3,231

3,106

125

4.02%

3,369

-4.10%

3,490

-7.41%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

10/13/22

10/12/22

% Change

Change

9/15/22

% Change

10/14/21

% Change

 

 

PJM West On Peak

Nov-22

$85.39

$89.85

-4.96%

-$4.46

$124.50

-31.42%

$46.01

85.58%

 

 

ERCOT North On Peak

Nov-22

$56.62

$59.78

-5.28%

-$3.16

$88.08

-35.72%

$41.12

37.70%

 

 

CAISO SP 15 On Peak

Nov-22

$75.71

$75.47

0.31%

$0.24

$94.34

-19.75%

$62.38

21.36%

 

 

MISO Indiana On Peak

Nov-22

$82.75

$86.88

-4.75%

-$4.13

$122.51

-32.46%

$45.45

82.08%

 

 

NEISO Mass On Peak

Nov-22

$98.36

$105.21

-6.51%

-$6.85

$148.50

-33.76%

$69.82

40.87%

 

 

WECC Mid C On Peak

Nov-22

$71.95

$73.85

-2.56%

-$1.89

$92.43

-22.15%

$58.39

23.22%

 

 

NYISO Zone G On Peak

Nov-22

$92.94

$93.84

-0.96%

-$0.90

$129.47

-28.21%

$53.95

72.26%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/13/22

10/12/22

% Change

Change

9/15/22

% Change

10/14/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$6.741

$6.435

4.76%

$0.31

$8.37

-19.48%

$4.21

60.27%

 

 

Houston Ship Channel

Nov-22

-$0.771

-$0.682

13.06%

-$0.09

-$0.51

51.69%

-$0.08

851.36%

 

 

Chicago

Nov-22

-$0.364

-$0.397

9.01%

$0.03

-$0.28

28.69%

-$0.06

460.31%

 

 

Waha

Nov-22

-$3.082

-$3.407

-9.56%

$0.33

-$2.43

26.91%

-$0.35

776.17%

 

 

Algonquin

Nov-22

$3.953

$3.651

8.27%

$0.30

$6.17

-35.94%

$1.84

114.86%

 

 

Aeco

Nov-22

-$2.160

-$2.004

7.77%

-$0.16

-$3.98

-45.76%

-$0.84

157.74%

 

 

Socal

Nov-22

$0.004

-$0.049

-107.52%

$0.05

-$0.03

-111.75%

$0.64

-99.42%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/13/22

10/12/22

% Change

Change

9/15/22

% Change

10/14/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.842

$0.847

-0.59%

$0.00

$1.05

-19.77%

$1.04

-19.07%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.854

$0.855

-0.12%

$0.00

$1.05

-18.83%

$1.06

-19.80%

 

 

Mt. Belview Ethane

Nov-22

$0.431

$0.419

3.02%

$0.01

$0.51

-15.92%

$0.34

28.61%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.640

$1.678

-2.25%

-$0.04

$1.63

0.92%

$1.67

-1.77%

 

 

Mt. Belvieu Butane LST

Nov-22

$0.974

$0.982

-0.90%

-$0.01

$1.11

-11.99%

$1.15

-15.09%

 

 

Conway Propane

Nov-22

$0.865

$0.870

-0.57%

$0.00

$1.07

-19.20%

$1.08

-19.85%

 

 

Conway Nat. Gasoline

Nov-22

$1.656

$1.709

-3.10%

-$0.05

$1.66

-0.30%

$1.67

-0.72%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/13/22

10/12/22

% Change

Change

9/15/22

% Change

10/14/21

% Change

 

 

WTI

Dec-22

$87.95

$86.06

2.15%

$1.89

$83.90

4.83%

$72.61

21.13%

 

 

Brent

Dec-22

$94.57

$92.45

2.24%

$2.12

$89.61

5.54%

$76.29

23.96%

 

 

WCS

Dec-22

-$29.13

-$30.67

-5.29%

$1.54

-$19.73

47.66%

-$14.10

106.61%

 

 

LLS

Dec-22

$88.83

$86.38

2.77%

$2.46

$85.47

3.94%

$73.69

20.55%

 

 

Mars

Dec-22

$82.19

$80.82

1.67%

$1.37

$81.26

1.15%

$69.85

17.66%

 

 

Sour

Dec-22

$83.86

$82.57

1.54%

$1.29

$83.38

0.57%

$70.97

18.16%

 

 

ESPO

Dec-22

$89.22

$87.45

1.98%

$1.77

$85.53

4.31%

$74.32

20.04%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/13/22

10/12/22

% Change

Change

9/15/22

% Change

10/14/21

% Change

 

 

NY Heating Oil

Nov-22

$4.07

$3.87

5.22%

$0.20

$3.20

27.42%

$2.39

70.64%

 

 

NY Gasoline

Nov-22

$2.69

$2.62

2.56%

$0.07

$2.44

9.94%

$2.16

24.68%

 

 

GC Gasoline

Nov-22

$2.59

$2.52

2.66%

$0.07

$2.35

10.36%

$2.06

25.88%

 

 

GC Jet

Nov-22

$3.49

$3.36

3.66%

$0.12

$2.76

26.21%

$2.14

62.59%

 

 

Chicago Ethanol

Nov-22

$2.31

$2.32

-0.52%

-$0.01

$2.29

0.70%

$1.91

20.74%

 

 

Rotterdam Gasoil

Nov-22

$1,028.11

$1,017.57

1.04%

$10.54

$844.33

21.77%

$631.08

62.91%

 

 

Singapore Jet Kero

Nov-22

$128.90

$122.89

4.90%

$6.02

$101.73

26.71%

$87.99

46.49%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/13/22

10/12/22

% Change

Change

9/15/22

% Change

10/14/21

% Change

 

 

Henry Hub Straddle

Nov-22

83.70%

93.22%

-10.21%

-9.52%

91.72%

-8.74%

43.45%

92.64%

 

 

Algonquin Straddle

Nov-22

110.87%

129.80%

-14.58%

-18.93%

91.18%

21.59%

59.82%

85.34%

 

 

Waha Straddle

Nov-22

174.67%

170.80%

2.27%

3.87%

126.30%

38.30%

47.43%

268.27%

 

 

Chicago Straddle

Nov-22

92.65%

101.77%

-8.96%

-9.12%

94.78%

-2.25%

41.06%

125.65%

 

 

PJM West Straddle

Nov-22

87.83%

86.92%

1.05%

0.91%

88.18%

-0.40%

28.80%

204.97%

 

 

SP – 15 Straddle

Nov-22

134.98%

154.30%

-12.52%

-19.32%

152.26%

-11.35%

20.02%

574.23%

 

 

Mid. C Straddle

Nov-22

269.10%

231.99%

16.00%

37.11%

183.32%

46.79%

31.58%

752.12%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/13/22

10/12/22

% Change

Change

9/15/22

% Change

10/14/21

% Change

 

 

Dutch TTF

Nov-22

EUR 153.86

EUR 159.90

-3.78%

-EUR 6.04

EUR 225.97

-31.91%

EUR 43.90

250.51%

 

 

NBP

Nov-22

GBP 277.00

GBP 292.00

-5.14%

-GBP 15.00

GBP 510.10

-45.70%

GBP 117.11

136.52%

 

 

German Base

Nov-22

EUR 353.00

EUR 344.26

2.54%

EUR 8.74

EUR 559.51

-36.91%

EUR 114.68

207.81%

 

 

UK Base

Nov-22

GBP 431.55

GBP 457.49

-5.67%

-GBP 25.94

GBP 597.88

-27.82%

GBP 99.64

333.11%

 

 

French Base

Nov-22

EUR 683.33

EUR 753.67

-9.33%

-EUR 70.35

EUR 1,044.62

-34.59%

EUR 117.55

481.31%

 

 

Italian Base

Nov-22

EUR 386.25

EUR 384.17

0.54%

EUR 2.09

EUR 562.21

-31.30%

EUR 119.35

223.64%

 

 

JKM LNG

Nov-22

$34.02

$34.87

-2.44%

-$0.85

$45.56

-25.33%

$16.20

110.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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