Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-25-2022

Oct 25, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:06 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$5.379

$5.199

3.46%

$0.180

9,219

 

 

WTI

$84.24

$84.58

-0.40%

-$0.34

76,733

 

 

Brent

$92.66

$93.26

-0.64%

-$0.60

7,612

 

 

ULSD

$3.938

$3.920

0.46%

$0.018

2,001

 

 

RBOB

$2.761

$2.730

1.13%

$0.031

2,957

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$8.42

$8.68

-3.00%

-$0.26

Dec-22

 

 

3:2:1 Crack

$35.39

$35.32

0.21%

$0.08

Dec-22

 

 

PJM West Spark

$58.46

$54.83

6.61%

$3.62

Nov-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

10/21/22

771

2

229

10/22/21

 

 

Canada

10/21/22

210

-6

46

10/22/21

 

 

International

Sept

879

19

92

Sept

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 10/18/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

87,644

86,992

87,451

-459

 

 

PJM West Off Peak

86,439

85,681

86,224

-543

 

 

Natural Gas Henry Hub

470,900

450,713

460,813

-10,100

 

 

WTI – Light Sweet Crude Futures

318,425

260,271

246,768

13,503

 

 

Brent Crude Last Day

176,467

167,229

170,574

-3,345

 

 

NYM Ethanol

23,174

22,520

22,966

-446

 

 

Mt Belvieu LDH Propane Swap

126,857

125,617

126,136

-519

 

 

RBOB

256,039

237,230

240,177

-2,947

 

 

HSC Basis

562,895

558,533

552,867

5,666

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

10/20/17

 

 

 

10/14/22

10/7/22

Net Change

% Change

10/15/21

% Change

5 Year Avg.

% Change

 

 

East

812

782

30

3.84%

862

-5.80%

885

-8.21%

 

 

Midwest

987

952

35

3.68%

1,027

-3.89%

1,043

-5.41%

 

 

Mountain

195

190

5

2.63%

211

-7.58%

213

-8.45%

 

 

Pacific

249

249

0

0.00%

253

-1.58%

290

-14.14%

 

 

South

1,099

1,058

41

3.88%

1,108

-0.81%

1,128

-2.59%

 

 

    Salt

271

253

18

7.11%

283

-4.24%

288

-6.03%

 

 

    Non_Salt

828

804

24

2.99%

825

0.36%

840

-1.41%

 

 

Total

3,342

3,231

111

3.44%

3,461

-3.44%

3,560

-6.11%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

10/24/22

10/21/22

% Change

Change

9/26/22

% Change

10/25/21

% Change

 

 

PJM West On Peak

Nov-22

$69.96

$65.96

6.06%

$4.00

$90.97

-23.10%

$48.89

43.08%

 

 

ERCOT North On Peak

Nov-22

$48.57

$45.85

5.94%

$2.72

$71.98

-32.52%

$42.84

13.37%

 

 

CAISO SP 15 On Peak

Nov-22

$66.45

$63.58

4.52%

$2.87

$78.91

-15.79%

$59.88

10.97%

 

 

MISO Indiana On Peak

Nov-22

$66.82

$62.92

6.20%

$3.90

$89.39

-25.25%

$48.92

36.59%

 

 

NEISO Mass On Peak

Nov-22

$72.51

$71.17

1.89%

$1.34

$103.04

-29.63%

$70.95

2.20%

 

 

WECC Mid C On Peak

Nov-22

$65.01

$59.33

9.58%

$5.68

$76.80

-15.35%

$58.91

10.36%

 

 

NYISO Zone G On Peak

Nov-22

$66.15

$63.23

4.63%

$2.93

$97.23

-31.96%

$54.46

21.47%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/24/22

10/21/22

% Change

Change

9/26/22

% Change

10/25/21

% Change

 

 

NYMEX Henry Hub

Nov-22

$5.199

$4.959

4.84%

$0.24

$7.01

-25.88%

$4.24

22.53%

 

 

Houston Ship Channel

Nov-22

-$0.675

-$0.668

0.97%

-$0.01

-$0.76

-11.70%

-$0.07

831.77%

 

 

Chicago

Nov-22

-$0.383

-$0.416

8.67%

$0.03

-$0.51

-25.21%

-$0.01

2559.03%

 

 

Waha

Nov-22

-$2.411

-$2.801

-13.95%

$0.39

-$2.60

-7.17%

-$0.37

559.20%

 

 

Algonquin

Nov-22

$1.136

$2.013

-43.56%

-$0.88

$4.84

-76.53%

$2.10

-45.82%

 

 

Aeco

Nov-22

-$1.134

-$1.342

-15.50%

$0.21

-$2.55

-55.56%

-$0.83

36.72%

 

 

Socal

Nov-22

$0.209

$0.185

13.03%

$0.02

-$0.06

-438.90%

$0.60

-65.20%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/24/22

10/21/22

% Change

Change

9/26/22

% Change

10/25/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.844

$0.843

0.15%

$0.00

$0.86

-1.80%

$1.04

-19.22%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.845

$0.829

1.96%

$0.02

$0.89

-4.96%

$1.05

-19.89%

 

 

Mt. Belview Ethane

Nov-22

$0.370

$0.387

-4.42%

-$0.02

$0.37

-1.00%

$0.33

13.53%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.611

$1.596

0.92%

$0.01

$1.50

7.67%

$1.63

-1.43%

 

 

Mt. Belvieu Butane LST

Nov-22

$0.989

$0.959

3.14%

$0.03

$0.94

4.74%

$1.14

-12.92%

 

 

Conway Propane

Nov-22

$0.868

$0.856

1.32%

$0.01

$0.90

-3.66%

$1.07

-19.23%

 

 

Conway Nat. Gasoline

Nov-22

$1.650

$1.620

1.84%

$0.03

$1.53

7.57%

$1.63

1.00%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/24/22

10/21/22

% Change

Change

9/26/22

% Change

10/25/21

% Change

 

 

WTI

Dec-22

$84.58

$85.05

-0.56%

-$0.47

$76.18

11.03%

$72.72

16.31%

 

 

Brent

Dec-22

$93.26

$93.50

-0.26%

-$0.24

$82.86

12.55%

$76.61

21.73%

 

 

WCS

Dec-22

-$25.57

-$25.48

0.36%

-$0.09

-$21.83

17.12%

-$15.10

69.36%

 

 

LLS

Dec-22

$86.01

$86.26

-0.30%

-$0.25

$77.37

11.16%

$73.41

17.15%

 

 

Mars

Dec-22

$79.88

$79.81

0.08%

$0.07

$72.75

9.80%

$69.14

15.54%

 

 

Sour

Dec-22

$81.31

$81.17

0.17%

$0.14

$73.81

10.16%

$70.11

15.98%

 

 

ESPO

Dec-22

$87.65

$86.86

0.90%

$0.79

$79.32

10.51%

$74.13

18.25%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/24/22

10/21/22

% Change

Change

9/26/22

% Change

10/25/21

% Change

 

 

NY Heating Oil

Nov-22

$3.94

$3.83

2.87%

$0.11

$3.05

29.31%

$2.36

66.74%

 

 

NY Gasoline

Nov-22

$2.74

$2.64

3.75%

$0.10

$2.30

19.20%

$2.14

27.65%

 

 

GC Gasoline

Nov-22

$2.64

$2.54

3.90%

$0.10

$2.20

20.07%

$2.05

29.00%

 

 

GC Jet

Nov-22

$3.32

$3.36

-1.19%

-$0.04

$2.82

17.51%

$2.12

56.37%

 

 

Chicago Ethanol

Nov-22

$2.41

$2.45

-1.63%

-$0.04

$2.18

10.50%

$1.94

24.23%

 

 

Rotterdam Gasoil

Nov-22

$993.46

$970.81

2.33%

$22.65

$839.10

18.40%

$633.82

56.74%

 

 

Singapore Jet Kero

Nov-22

$121.79

$118.25

2.99%

$3.54

$106.62

14.23%

$87.59

39.04%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/24/22

10/21/22

% Change

Change

9/26/22

% Change

10/25/21

% Change

 

 

Henry Hub Straddle

Dec-22

102.29%

106.77%

-4.20%

-4.48%

97.23%

5.20%

38.78%

163.77%

 

 

Algonquin Straddle

Dec-22

139.06%

140.17%

-0.79%

-1.11%

102.56%

35.59%

42.47%

227.43%

 

 

Waha Straddle

Dec-22

139.65%

130.89%

6.69%

8.76%

124.53%

12.14%

42.03%

232.26%

 

 

Chicago Straddle

Dec-22

105.09%

110.25%

-4.68%

-5.16%

96.44%

8.97%

36.39%

188.79%

 

 

PJM West Straddle

Dec-22

90.77%

90.22%

0.61%

0.55%

92.00%

-1.34%

28.15%

222.45%

 

 

SP – 15 Straddle

Dec-22

216.32%

160.05%

35.16%

56.27%

147.79%

46.37%

24.49%

783.30%

 

 

Mid. C Straddle

Dec-22

363.83%

327.33%

11.15%

36.50%

188.45%

93.06%

34.81%

945.19%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/24/22

10/21/22

% Change

Change

9/26/22

% Change

10/25/21

% Change

 

 

Dutch TTF

Dec-22

EUR 132.00

EUR 145.85

-9.49%

-EUR 13.85

EUR 198.21

-33.40%

EUR 44.90

193.95%

 

 

NBP

Dec-22

GBP 333.34

GBP 373.00

-10.63%

-GBP 39.66

GBP 519.00

-35.77%

GBP 119.44

179.10%

 

 

German Base

Dec-22

EUR 309.00

EUR 326.51

-5.36%

-EUR 17.51

EUR 504.98

-38.81%

EUR 114.13

170.75%

 

 

UK Base

Dec-22

GBP 375.12

GBP 429.86

-12.74%

-GBP 54.74

GBP 621.27

-39.62%

GBP 97.33

285.41%

 

 

French Base

Dec-22

EUR 935.77

EUR 1,044.29

-10.39%

-EUR 108.52

EUR 1,399.52

-33.14%

EUR 128.34

629.15%

 

 

Italian Base

Dec-22

EUR 347.87

EUR 352.61

-1.34%

-EUR 4.74

EUR 523.63

-33.57%

EUR 119.72

190.58%

 

 

JKM LNG

Dec-22

$37.34

$36.15

3.27%

$1.18

$37.62

-0.75%

$16.90

120.96%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

10/22/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

-1

651

234

-5

56.00%

-1.00%

 

 

Middle Atlantic

0

0

-2

855

199

-58

30.00%

-6.00%

 

 

E N Central

0

-1

0

825

117

-142

17.00%

-15.00%

 

 

W N Central

0

-1

0

1,087

161

-30

17.00%

-3.00%

 

 

South Atlantic

14

-9

-13

2,044

192

-64

10.00%

-3.00%

 

 

E S Central

1

-7

-3

1,711

177

42

12.00%

3.00%

 

 

W S Central

19

-6

-10

2,821

436

329

18.00%

13.00%

 

 

Mountain

10

1

4

1,383

151

6

12.00%

0.00%

 

 

Pacific

13

7

12

975

279

70

40.00%

8.00%

 

 

United States

7

-3

-2

1,402

216

5

18.00%

0.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/22/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

107

-6

50

415

-76

165

NA

NA

 

 

Middle Atlantic

111

13

61

354

-25

223

NA

NA

 

 

E N Central

133

29

58

450

30

258

NA

NA

 

 

W N Central

139

36

50

410

-32

175

NA

NA

 

 

South Atlantic

66

25

39

164

41

119

NA

NA

 

 

E S Central

94

41

48

224

65

150

NA

NA

 

 

W S Central

39

18

19

58

8

31

NA

NA

 

 

Mountain

61

-26

-19

222

-184

-82

NA

NA

 

 

Pacific

23

-22

-31

72

-147

-135

NA

NA

 

 

United States

82

13

30

248

-26

102

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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