Morning Report: Gas * Power * NGL * Crude * Products * Vols — Apr-12-2023

Apr 12, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:35 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.182

$2.186

-0.18%

-$0.004

34,459

 

 

WTI

$82.18

$81.53

0.80%

$0.65

95,041

 

 

Brent

$86.32

$85.61

0.83%

$0.71

12,134

 

 

ULSD

$2.671

$2.668

0.11%

$0.003

7,032

 

 

RBOB

$2.841

$2.865

-0.83%

-$0.024

11,604

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.21

$4.12

2.18%

$0.09

Jun-23

 

 

3:2:1 Crack

$32.58

$33.66

-3.21%

-$1.08

May-23

 

 

PJM West Spark

$31.94

$31.99

-0.14%

-$0.05

May-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

04/06/23

751

-4

62

04/08/22

 

 

Canada

04/06/23

127

-12

16

04/08/22

 

 

International

Mar

930

15

115

Mar

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 4/4/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

99,704

97,077

98,614

-1,537

 

 

PJM West Off Peak

87,699

84,874

86,586

-1,712

 

 

Natural Gas Henry Hub

446,409

417,061

433,604

-16,543

 

 

WTI – Light Sweet Crude Futures

127,362

93,069

94,961

-1,892

 

 

Brent Crude Last Day

154,650

145,559

150,421

-4,862

 

 

NYM Ethanol

28,061

27,594

27,742

-148

 

 

Mt Belvieu LDH Propane Swap

155,827

154,953

155,519

-566

 

 

RBOB

310,661

285,943

294,773

-8,830

 

 

HSC Basis

604,581

597,888

594,611

3,277

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

04/06/18

 

 

 

3/31/23

3/24/23

Net Change

% Change

4/1/22

% Change

5 Year Avg.

% Change

 

 

East

335

343

-8

-2.33%

241

39.00%

271

23.71%

 

 

Midwest

421

437

-16

-3.66%

296

42.23%

331

27.19%

 

 

Mountain

80

82

-2

-2.44%

91

-12.09%

89

-10.11%

 

 

Pacific

73

73

0

0.00%

165

-55.76%

171

-57.36%

 

 

South

921

917

4

0.44%

589

56.37%

674

36.65%

 

 

    Salt

263

262

1

0.38%

173

52.02%

207

27.05%

 

 

    Non_Salt

658

655

3

0.46%

416

58.17%

467

40.90%

 

 

Total

1,830

1,853

-23

-1.24%

1,382

32.42%

1,536

19.14%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

4/11/23

4/10/23

% Change

Change

3/13/23

% Change

4/8/22

% Change

 

 

PJM West On Peak

May-23

$36.61

$36.66

-0.15%

-$0.05

$41.32

-11.39%

$58.58

-37.50%

 

 

ERCOT North On Peak

May-23

$34.68

$37.07

-6.43%

-$2.38

$38.70

-10.38%

$51.47

-32.61%

 

 

CAISO SP 15 On Peak

May-23

$32.94

$30.96

6.39%

$1.98

$31.97

3.04%

$31.45

4.72%

 

 

MISO Indiana On Peak

May-23

$40.11

$40.30

-0.49%

-$0.20

$43.93

-8.70%

$60.21

-33.39%

 

 

NEISO Mass On Peak

May-23

$30.96

$32.48

-4.68%

-$1.52

$36.33

-14.80%

$51.79

-40.23%

 

 

WECC Mid C On Peak

May-23

$61.03

$65.36

-6.61%

-$4.32

$56.42

8.19%

$32.68

86.77%

 

 

NYISO Zone G On Peak

May-23

$33.81

$34.60

-2.30%

-$0.80

$37.28

-9.32%

$44.98

-24.84%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

4/11/23

4/10/23

% Change

Change

3/13/23

% Change

4/8/22

% Change

 

 

NYMEX Henry Hub

May-23

$2.186

$2.172

0.64%

$0.01

$2.73

-19.81%

$4.42

-50.59%

 

 

Houston Ship Channel

May-23

-$0.238

-$0.238

-0.08%

$0.00

-$0.26

-9.14%

-$0.19

26.45%

 

 

Chicago

May-23

-$0.058

-$0.030

-47.49%

-$0.03

-$0.09

-39.14%

-$0.29

-80.21%

 

 

Waha

May-23

-$1.383

-$1.474

-6.13%

$0.09

-$1.98

-30.11%

-$1.87

-26.07%

 

 

Algonquin

May-23

-$0.173

-$0.105

-64.22%

-$0.07

-$0.20

-12.34%

-$0.55

-68.79%

 

 

Aeco

May-23

-$0.525

-$0.401

30.78%

-$0.12

-$0.71

-25.88%

-$1.02

-48.70%

 

 

Socal

May-23

$0.674

$0.506

33.06%

$0.17

$0.22

211.61%

-$0.51

-231.12%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

4/11/23

4/10/23

% Change

Change

3/13/23

% Change

4/8/22

% Change

 

 

Mt. Belvieu Propane LST

May-23

$0.828

$0.809

2.32%

$0.02

$0.79

5.23%

$1.03

-19.40%

 

 

Mt. Belvieu Propane non LST

May-23

$0.821

$0.811

1.30%

$0.01

$0.80

3.14%

$1.02

-19.75%

 

 

Mt. Belview Ethane

May-23

$0.212

$0.203

4.78%

$0.01

$0.23

-6.52%

$0.35

-39.26%

 

 

Mt. Belview Nat. Gasoline

May-23

$1.599

$1.587

0.78%

$0.01

$1.56

2.80%

$1.86

-13.94%

 

 

Mt. Belvieu Butane LST

May-23

$0.957

$0.947

1.13%

$0.01

$0.92

4.24%

$1.13

-15.54%

 

 

Conway Propane

May-23

$0.805

$0.797

0.95%

$0.01

$0.72

11.04%

$1.02

-20.70%

 

 

Conway Nat. Gasoline

May-23

$1.605

$1.575

1.91%

$0.03

$1.57

2.00%

$1.84

-12.83%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

4/11/23

4/10/23

% Change

Change

3/13/23

% Change

4/8/22

% Change

 

 

WTI

Jun-23

$81.49

$79.77

2.11%

$1.72

$74.95

8.73%

$88.31

-7.72%

 

 

Brent

Jun-23

$85.61

$84.18

1.67%

$1.43

$80.23

6.71%

$93.26

-8.20%

 

 

WCS

Jun-23

-$15.42

-$15.00

2.70%

-$0.42

-$15.45

-0.23%

-$13.60

13.38%

 

 

LLS

Jun-23

$82.94

$82.39

0.67%

$0.56

$76.98

7.75%

$89.59

-7.42%

 

 

Mars

Jun-23

$79.40

$77.86

1.95%

$1.55

$72.85

9.00%

$85.33

-6.95%

 

 

Sour

Jun-23

$79.93

$78.46

1.84%

$1.47

$74.33

7.53%

$85.50

-6.51%

 

 

ESPO

Jun-23

$84.31

$83.69

0.74%

$0.62

$78.71

7.11%

$88.65

-4.89%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

4/11/23

4/10/23

% Change

Change

3/13/23

% Change

4/8/22

% Change

 

 

NY Heating Oil

May-23

$2.66

$2.69

-0.97%

-$0.03

$2.69

-1.04%

$2.80

-4.79%

 

 

NY Gasoline

May-23

$2.86

$2.82

1.21%

$0.03

$2.57

11.00%

$2.65

7.86%

 

 

GC Gasoline

May-23

$2.76

$2.72

1.25%

$0.03

$2.47

11.45%

$2.55

8.17%

 

 

GC Jet

May-23

$2.42

$2.44

-0.98%

-$0.02

$2.40

0.79%

$2.64

-8.55%

 

 

Chicago Ethanol

May-23

$2.44

$2.45

-0.24%

-$0.01

$2.16

13.04%

$2.31

5.75%

 

 

Rotterdam Gasoil

May-23

$721.72

$732.38

-1.46%

-$10.66

$737.48

-2.14%

$772.62

-6.59%

 

 

Singapore Jet Kero

May-23

$98.75

$100.99

-2.22%

-$2.24

$100.35

-1.59%

$103.88

-4.94%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

4/11/23

4/10/23

% Change

Change

3/13/23

% Change

4/8/22

% Change

 

 

Henry Hub Straddle

May-23

106.82%

96.83%

10.32%

9.99%

80.81%

32.19%

38.97%

174.11%

 

 

Algonquin Straddle

May-23

114.57%

101.38%

13.01%

13.19%

89.63%

27.83%

44.15%

159.50%

 

 

Waha Straddle

May-23

342.82%

330.06%

3.87%

12.76%

231.82%

47.88%

76.42%

348.60%

 

 

Chicago Straddle

May-23

107.85%

95.79%

12.59%

12.06%

83.71%

28.84%

41.07%

162.60%

 

 

PJM West Straddle

May-23

65.75%

77.37%

-15.02%

-11.62%

71.05%

-7.46%

54.17%

21.38%

 

 

SP – 15 Straddle

May-23

38.99%

59.75%

-34.74%

-20.76%

82.88%

-52.96%

21.29%

83.14%

 

 

Mid. C Straddle

May-23

242.28%

148.62%

63.02%

93.66%

172.22%

40.68%

37.01%

554.63%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

4/11/23

4/10/23

% Change

Change

3/13/23

% Change

4/8/22

% Change

 

 

Dutch TTF

May-23

EUR 43.75

EUR 43.13

1.44%

EUR 0.62

EUR 49.06

-10.82%

EUR 68.72

-36.33%

 

 

NBP

May-23

GBP 103.50

GBP 102.31

1.16%

GBP 1.19

GBP 125.43

-17.48%

GBP 174.63

-40.73%

 

 

German Base

May-23

EUR 106.85

EUR 108.33

-1.37%

-EUR 1.49

EUR 131.78

-18.92%

EUR 170.33

-37.27%

 

 

UK Base

May-23

GBP 107.64

GBP 106.40

1.16%

GBP 1.24

GBP 127.76

-15.75%

GBP 154.81

-30.47%

 

 

French Base

May-23

EUR 113.90

EUR 111.47

2.17%

EUR 2.42

EUR 140.70

-19.05%

EUR 160.03

-28.83%

 

 

Italian Base

May-23

EUR 141.04

EUR 139.04

1.44%

EUR 2.01

EUR 147.45

-4.35%

EUR 177.01

-20.32%

 

 

JKM LNG

May-23

$13.53

$12.81

5.63%

$0.72

$15.79

-14.32%

$23.40

-42.18%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

04/08/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

0

0

0

NA

NA

 

 

Middle Atlantic

0

0

0

0

0

0

NA

NA

 

 

E N Central

0

0

0

0

-1

0

NA

NA

 

 

W N Central

1

0

1

1

-3

1

NA

NA

 

 

South Atlantic

34

21

13

182

55

31

43.00%

21.00%

 

 

E S Central

15

10

12

44

8

32

NA

NA

 

 

W S Central

28

13

2

150

52

60

NA

NA

 

 

Mountain

0

-6

-9

0

-20

-19

NA

NA

 

 

Pacific

0

-2

-7

0

-9

-7

NA

NA

 

 

United States

10

6

2

53

13

12

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

04/08/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

151

-11

5

5,081

-786

-241

-13.00%

-5.00%

 

 

Middle Atlantic

113

-28

-22

4,590

-731

-136

-14.00%

-3.00%

 

 

E N Central

125

-20

-34

5,275

-591

-74

-10.00%

-1.00%

 

 

W N Central

148

9

-8

6,048

-133

305

-2.00%

5.00%

 

 

South Atlantic

36

-19

-19

2,255

-415

1

-16.00%

0.00%

 

 

E S Central

47

-20

-32

2,876

-506

-90

-15.00%

-3.00%

 

 

W S Central

32

-1

5

2,001

-213

111

-10.00%

6.00%

 

 

Mountain

161

45

62

4,998

396

800

9.00%

19.00%

 

 

Pacific

121

41

70

3,181

417

633

15.00%

25.00%

 

 

United States

96

-3

1

3,806

-289

135

-7.00%

4.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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