Morning Report: Gas * Power * NGL * Crude * Products * Vols — Oct-31-2022

Oct 31, 2022

  

 

 

 

 

 

 

 

 

 

Prices as of 8:08 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$6.305

$5.684

10.93%

$0.621

29,939

 

 

WTI

$86.47

$87.90

-1.63%

-$1.43

74,391

 

 

Brent

$94.77

$95.77

-1.04%

-$1.00

106

 

 

ULSD

$4.543

$4.550

-0.14%

-$0.006

156

 

 

RBOB

$2.850

$2.907

-1.95%

-$0.057

67

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$8.31

$7.87

5.59%

$0.44

Dec-22

 

 

3:2:1 Crack

$35.76

$36.30

-1.48%

-$0.54

Dec-22

 

 

PJM West Spark

NA

NA

NA

NA

Nov-22

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

10/28/22

768

-3

224

10/29/21

 

 

Canada

10/28/22

212

2

46

10/29/21

 

 

International

Sept

879

19

92

Sept

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 10/25/2022

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

88,264

87,670

87,767

-97

 

 

PJM West Off Peak

87,620

86,823

87,324

-501

 

 

Natural Gas Henry Hub

472,121

451,674

462,222

-10,548

 

 

WTI – Light Sweet Crude Futures

162,319

131,636

125,004

6,632

 

 

Brent Crude Last Day

181,821

172,519

176,147

-3,628

 

 

NYM Ethanol

26,236

25,297

26,016

-719

 

 

Mt Belvieu LDH Propane Swap

131,120

130,080

130,385

-305

 

 

RBOB

237,997

218,181

224,306

-6,125

 

 

HSC Basis

575,653

572,769

565,497

7,272

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

10/27/17

 

 

 

10/21/22

10/14/22

Net Change

% Change

10/22/21

% Change

5 Year Avg.

% Change

 

 

East

825

812

13

1.60%

885

-6.78%

899

-8.27%

 

 

Midwest

1,007

987

20

2.03%

1,052

-4.28%

1,066

-5.52%

 

 

Mountain

199

195

4

2.05%

212

-6.13%

214

-6.92%

 

 

Pacific

248

249

-1

-0.40%

255

-2.75%

290

-14.60%

 

 

South

1,116

1,099

17

1.55%

1,144

-2.45%

1,147

-2.67%

 

 

    Salt

277

271

6

2.21%

304

-8.88%

301

-7.85%

 

 

    Non_Salt

839

828

11

1.33%

840

-0.12%

846

-0.83%

 

 

Total

3,394

3,342

52

1.56%

3,548

-4.34%

3,616

-6.14%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

10/28/22

10/27/22

% Change

Change

9/30/22

% Change

10/29/21

% Change

 

 

PJM West On Peak

Nov-22

$63.77

$66.82

-4.55%

-$3.04

$92.60

-31.13%

$47.87

33.21%

 

 

ERCOT North On Peak

Nov-22

$44.73

$45.58

-1.86%

-$0.85

$67.92

-34.15%

$41.61

7.50%

 

 

CAISO SP 15 On Peak

Nov-22

$68.24

$69.08

-1.21%

-$0.84

$78.12

-12.64%

$61.97

10.12%

 

 

MISO Indiana On Peak

Nov-22

$61.55

$64.35

-4.36%

-$2.81

$90.60

-32.07%

$47.87

28.57%

 

 

NEISO Mass On Peak

Nov-22

$64.37

$68.98

-6.69%

-$4.61

$109.94

-41.45%

$67.71

-4.93%

 

 

WECC Mid C On Peak

Nov-22

$76.00

$82.04

-7.36%

-$6.04

$78.70

-3.43%

$60.38

25.87%

 

 

NYISO Zone G On Peak

Nov-22

$59.19

$62.11

-4.69%

-$2.92

$100.58

-41.15%

$51.24

15.53%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

10/28/22

10/27/22

% Change

Change

9/30/22

% Change

10/29/21

% Change

 

 

NYMEX Henry Hub

Dec-22

$5.684

$5.875

-3.25%

-$0.19

$7.07

-19.55%

$4.31

31.97%

 

 

Houston Ship Channel

Dec-22

-$0.242

-$0.251

-3.54%

$0.01

-$0.30

-18.49%

$0.03

-852.80%

 

 

Chicago

Dec-22

$0.089

$0.101

13.58%

-$0.01

$0.01

527.46%

$0.24

-62.17%

 

 

Waha

Dec-22

-$1.627

-$1.661

-2.05%

$0.03

-$1.87

-12.82%

-$0.19

766.08%

 

 

Algonquin

Dec-22

$11.952

$11.163

7.06%

$0.79

$16.57

-27.86%

$6.01

98.89%

 

 

Aeco

Dec-22

-$1.579

-$1.621

-2.59%

$0.04

-$2.45

-35.56%

-$0.84

87.92%

 

 

Socal

Dec-22

$1.682

$1.714

-1.84%

-$0.03

$1.36

23.59%

$0.96

74.63%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

10/28/22

10/27/22

% Change

Change

9/30/22

% Change

10/29/21

% Change

 

 

Mt. Belvieu Propane LST

Nov-22

$0.885

$0.873

1.34%

$0.01

$0.87

2.03%

$1.05

-15.35%

 

 

Mt. Belvieu Propane non LST

Nov-22

$0.885

$0.891

-0.70%

-$0.01

$0.87

1.28%

$1.06

-16.39%

 

 

Mt. Belview Ethane

Nov-22

$0.391

$0.392

-0.47%

$0.00

$0.39

-0.32%

$0.33

17.25%

 

 

Mt. Belview Nat. Gasoline

Nov-22

$1.682

$1.648

2.08%

$0.03

$1.60

5.16%

$1.61

4.81%

 

 

Mt. Belvieu Butane LST

Nov-22

$1.020

$1.012

0.74%

$0.01

$0.98

3.82%

$1.15

-10.93%

 

 

Conway Propane

Nov-22

$0.900

$0.910

-1.06%

-$0.01

$0.90

-0.02%

$1.07

-16.09%

 

 

Conway Nat. Gasoline

Nov-22

$1.711

$1.703

0.47%

$0.01

$1.63

4.75%

$1.60

7.05%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

10/28/22

10/27/22

% Change

Change

9/30/22

% Change

10/29/21

% Change

 

 

WTI

Dec-22

$87.90

$89.08

-1.34%

-$1.18

$78.72

11.66%

$71.33

23.23%

 

 

Brent

Dec-22

$95.77

$96.96

-1.24%

-$1.19

$85.14

12.49%

$75.11

27.51%

 

 

WCS

Dec-22

-$27.27

-$28.64

-5.02%

$1.37

-$21.37

27.60%

-$14.45

88.73%

 

 

LLS

Dec-22

$88.75

$90.29

-1.73%

-$1.54

$79.75

11.28%

$72.53

22.36%

 

 

Mars

Dec-22

$82.35

$83.28

-1.12%

-$0.92

$75.05

9.73%

$67.97

21.16%

 

 

Sour

Dec-22

$83.16

$84.41

-1.51%

-$1.25

$76.39

8.86%

$69.60

19.49%

 

 

ESPO

Dec-22

$90.71

$90.49

0.24%

$0.22

$80.43

12.78%

$73.23

23.86%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

10/28/22

10/27/22

% Change

Change

9/30/22

% Change

10/29/21

% Change

 

 

NY Heating Oil

Nov-22

$4.44

$4.30

3.09%

$0.13

$3.24

37.10%

$2.30

92.71%

 

 

NY Gasoline

Nov-22

$2.59

$2.63

-1.71%

-$0.04

$2.37

9.29%

$2.06

25.94%

 

 

GC Gasoline

Nov-22

$2.49

$2.53

-1.78%

-$0.05

$2.27

9.70%

$1.96

27.26%

 

 

GC Jet

Nov-22

$3.58

$3.30

8.57%

$0.28

$2.93

22.45%

$2.08

72.56%

 

 

Chicago Ethanol

Nov-22

$2.48

$2.43

2.06%

$0.05

$2.30

8.06%

$2.00

23.88%

 

 

Rotterdam Gasoil

Nov-22

$1,026.75

$1,015.04

1.15%

$11.71

$869.98

18.02%

$617.49

66.28%

 

 

Singapore Jet Kero

Nov-22

$125.39

$125.09

0.24%

$0.30

$112.74

11.22%

$86.23

45.41%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

10/28/22

10/27/22

% Change

Change

9/30/22

% Change

10/29/21

% Change

 

 

Henry Hub Straddle

Dec-22

102.47%

103.25%

-0.76%

-0.78%

101.53%

0.93%

45.82%

123.64%

 

 

Algonquin Straddle

Dec-22

164.54%

158.29%

3.95%

6.25%

144.80%

13.63%

47.78%

244.37%

 

 

Waha Straddle

Dec-22

132.39%

137.83%

-3.95%

-5.44%

129.43%

2.29%

48.04%

175.58%

 

 

Chicago Straddle

Dec-22

106.47%

113.97%

-6.58%

-7.50%

101.61%

4.78%

44.12%

141.32%

 

 

PJM West Straddle

Dec-22

101.27%

94.38%

7.30%

6.89%

94.00%

7.73%

19.02%

432.44%

 

 

SP – 15 Straddle

Dec-22

120.41%

117.87%

2.15%

2.54%

122.66%

-1.83%

27.08%

344.65%

 

 

Mid. C Straddle

Dec-22

317.58%

314.86%

0.86%

2.72%

170.70%

86.05%

36.27%

775.60%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

10/28/22

10/27/22

% Change

Change

9/30/22

% Change

10/29/21

% Change

 

 

Dutch TTF

Dec-22

EUR 140.50

EUR 137.90

1.89%

EUR 2.60

EUR 192.87

-27.15%

EUR 39.99

251.35%

 

 

NBP

Dec-22

GBP 340.80

GBP 336.00

1.43%

GBP 4.80

GBP 496.00

-31.29%

GBP 108.16

215.10%

 

 

German Base

Dec-22

EUR 360.21

EUR 335.24

7.45%

EUR 24.97

EUR 461.48

-21.94%

EUR 110.34

226.46%

 

 

UK Base

Dec-22

GBP 357.32

GBP 360.36

-0.84%

-GBP 3.04

GBP 648.86

-44.93%

GBP 101.16

253.23%

 

 

French Base

Dec-22

EUR 807.31

EUR 736.51

9.61%

EUR 70.80

EUR 1,449.65

-44.31%

EUR 118.51

581.22%

 

 

Italian Base

Dec-22

EUR 380.62

EUR 343.79

10.71%

EUR 36.83

EUR 460.05

-17.26%

EUR 115.49

229.58%

 

 

JKM LNG

Dec-22

$36.60

$38.94

-6.00%

-$2.34

$36.78

-0.49%

$15.34

138.62%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

10/29/2022

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

-5

56.00%

-1.00%

 

 

Middle Atlantic

0

0

0

855

199

-58

30.00%

-6.00%

 

 

E N Central

1

0

1

826

117

-141

17.00%

-15.00%

 

 

W N Central

3

2

3

1,090

163

-28

18.00%

-3.00%

 

 

South Atlantic

16

-3

-9

2,060

189

-74

10.00%

-3.00%

 

 

E S Central

1

-3

-2

1,712

174

40

11.00%

2.00%

 

 

W S Central

19

0

-25

2,840

436

303

18.00%

12.00%

 

 

Mountain

1

-4

-4

1,384

146

2

12.00%

0.00%

 

 

Pacific

0

-3

-1

975

276

69

39.00%

8.00%

 

 

United States

6

-1

-5

1,408

215

1

18.00%

0.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/29/2022

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

82

-46

-30

497

-121

135

NA

NA

 

 

Middle Atlantic

75

-38

-7

430

-61

216

NA

NA

 

 

E N Central

84

-38

-30

534

-8

228

NA

NA

 

 

W N Central

100

-25

-18

510

-57

157

NA

NA

 

 

South Atlantic

40

-10

9

205

32

129

NA

NA

 

 

E S Central

49

-17

-3

273

48

147

NA

NA

 

 

W S Central

32

1

19

89

8

49

NA

NA

 

 

Mountain

136

32

51

358

-152

-31

NA

NA

 

 

Pacific

68

11

11

140

-136

-124

NA

NA

 

 

United States

69

-14

0

316

-41

102

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

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