Morning Report: Gas * Power * NGL * Crude * Products * Vols — Apr-17-2023

Apr 17, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 9:28 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.287

$2.114

8.18%

$0.173

79,333

 

 

WTI

$82.13

$82.52

-0.47%

-$0.39

73,475

 

 

Brent

$85.99

$86.31

-0.37%

-$0.32

10,597

 

 

ULSD

$2.632

$2.639

-0.28%

-$0.007

11,390

 

 

RBOB

$2.803

$2.836

-1.16%

-$0.033

10,207

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.88

$3.88

0.00%

$0.00

Jun-23

 

 

3:2:1 Crack

$31.65

$32.21

-1.75%

-$0.56

May-23

 

 

PJM West Spark

$29.79

$30.01

-0.75%

-$0.23

May-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

04/14/23

748

-3

55

04/14/22

 

 

Canada

04/14/23

111

-16

8

04/14/22

 

 

International

Mar

930

15

115

Mar

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 4/11/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

94,918

94,523

94,383

140

 

 

PJM West Off Peak

85,194

84,615

84,689

-74

 

 

Natural Gas Henry Hub

449,252

418,452

434,995

-16,543

 

 

WTI – Light Sweet Crude Futures

133,555

100,022

97,114

2,908

 

 

Brent Crude Last Day

154,842

144,265

149,869

-5,604

 

 

NYM Ethanol

30,780

30,321

30,403

-82

 

 

Mt Belvieu LDH Propane Swap

138,854

137,521

138,468

-947

 

 

RBOB

325,048

298,148

309,645

-11,497

 

 

HSC Basis

562,361

558,837

553,188

5,649

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

04/13/18

 

 

 

4/7/23

3/31/23

Net Change

% Change

4/8/22

% Change

5 Year Avg.

% Change

 

 

East

345

335

10

2.99%

229

50.66%

275

25.45%

 

 

Midwest

427

421

6

1.43%

293

45.73%

335

27.39%

 

 

Mountain

80

80

0

0.00%

90

-11.11%

90

-11.50%

 

 

Pacific

74

73

1

1.37%

169

-56.21%

176

-57.95%

 

 

South

929

921

8

0.87%

617

50.57%

701

32.56%

 

 

    Salt

261

263

-2

-0.76%

186

40.32%

219

19.18%

 

 

    Non_Salt

667

658

9

1.37%

431

54.76%

482

38.44%

 

 

Total

1,855

1,830

25

1.37%

1,397

32.78%

1,577

17.63%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

4/14/23

4/13/23

% Change

Change

3/16/23

% Change

4/13/22

% Change

 

 

PJM West On Peak

May-23

$34.69

$34.53

0.44%

$0.15

$39.84

-12.94%

$61.07

-43.20%

 

 

ERCOT North On Peak

May-23

$31.88

$30.59

4.21%

$1.29

$38.94

-18.14%

$51.67

-38.31%

 

 

CAISO SP 15 On Peak

May-23

$36.19

$33.52

7.95%

$2.67

$33.67

7.46%

$33.83

6.97%

 

 

MISO Indiana On Peak

May-23

$38.17

$37.61

1.49%

$0.56

$42.41

-10.00%

$62.09

-38.53%

 

 

NEISO Mass On Peak

May-23

$29.85

$30.65

-2.64%

-$0.81

$36.24

-17.65%

$51.80

-42.38%

 

 

WECC Mid C On Peak

May-23

$70.74

$62.46

13.26%

$8.28

$55.01

28.60%

$35.12

101.45%

 

 

NYISO Zone G On Peak

May-23

$33.09

$30.85

7.27%

$2.24

$36.55

-9.46%

$45.88

-27.87%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

4/14/23

4/13/23

% Change

Change

3/16/23

% Change

4/13/22

% Change

 

 

NYMEX Henry Hub

May-23

$2.114

$2.007

5.33%

$0.11

$2.63

-19.50%

$4.59

-53.89%

 

 

Houston Ship Channel

May-23

-$0.292

-$0.285

2.74%

-$0.01

-$0.30

-0.91%

-$0.18

62.26%

 

 

Chicago

May-23

-$0.163

-$0.156

-4.29%

-$0.01

-$0.07

132.95%

-$0.31

-48.14%

 

 

Waha

May-23

-$1.182

-$1.245

-5.01%

$0.06

-$1.78

-33.40%

-$1.75

-32.41%

 

 

Algonquin

May-23

-$0.290

-$0.333

13.07%

$0.04

-$0.19

54.61%

-$0.56

-47.78%

 

 

Aeco

May-23

-$0.525

-$0.636

-17.50%

$0.11

-$0.66

-20.59%

-$1.07

-50.83%

 

 

Socal

May-23

$0.902

$0.974

-7.39%

-$0.07

$0.07

1277.25%

-$0.51

-275.30%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

4/14/23

4/13/23

% Change

Change

3/16/23

% Change

4/13/22

% Change

 

 

Mt. Belvieu Propane LST

May-23

$0.833

$0.835

-0.30%

$0.00

$0.72

16.02%

$1.07

-22.48%

 

 

Mt. Belvieu Propane non LST

May-23

$0.835

$0.840

-0.60%

-$0.01

$0.70

19.51%

$1.07

-21.64%

 

 

Mt. Belview Ethane

May-23

$0.198

$0.196

1.21%

$0.00

$0.23

-15.47%

$0.36

-45.01%

 

 

Mt. Belview Nat. Gasoline

May-23

$1.614

$1.625

-0.67%

-$0.01

$1.40

15.16%

$1.94

-16.68%

 

 

Mt. Belvieu Butane LST

May-23

$0.956

$0.959

-0.29%

$0.00

$0.82

16.22%

$1.20

-20.52%

 

 

Conway Propane

May-23

$0.825

$0.823

0.30%

$0.00

$0.68

22.11%

$1.06

-22.04%

 

 

Conway Nat. Gasoline

May-23

$1.625

$1.623

0.13%

$0.00

$1.42

14.25%

$1.99

-18.21%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

4/14/23

4/13/23

% Change

Change

3/16/23

% Change

4/13/22

% Change

 

 

WTI

Jun-23

$82.43

$82.04

0.47%

$0.39

$68.63

20.11%

$91.20

-9.62%

 

 

Brent

Jun-23

$86.31

$86.09

0.25%

$0.22

$74.29

16.18%

$96.40

-10.47%

 

 

WCS

Jun-23

-$14.40

-$14.97

-3.99%

$0.57

-$16.28

-11.54%

-$12.86

11.96%

 

 

LLS

Jun-23

$84.23

$83.37

1.02%

$0.86

$69.44

21.30%

$87.91

-4.18%

 

 

Mars

Jun-23

$80.69

$80.12

0.70%

$0.57

$67.40

19.71%

$88.74

-9.08%

 

 

Sour

Jun-23

$81.22

$80.81

0.51%

$0.42

$67.39

20.52%

$85.07

-4.52%

 

 

ESPO

Jun-23

$84.14

$84.68

-0.64%

-$0.54

$71.87

17.07%

$89.15

-5.61%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

4/14/23

4/13/23

% Change

Change

3/16/23

% Change

4/13/22

% Change

 

 

NY Heating Oil

May-23

$2.66

$2.67

-0.19%

-$0.01

$2.54

5.13%

$2.82

-5.56%

 

 

NY Gasoline

May-23

$2.84

$2.85

-0.49%

-$0.01

$2.45

15.71%

$2.85

-0.39%

 

 

GC Gasoline

May-23

$2.73

$2.75

-0.51%

-$0.01

$2.35

16.38%

$2.75

-0.40%

 

 

GC Jet

May-23

$2.38

$2.37

0.30%

$0.01

$2.09

13.62%

$2.76

-13.91%

 

 

Chicago Ethanol

May-23

$2.45

$2.41

1.66%

$0.04

$2.20

11.34%

$2.55

-3.88%

 

 

Rotterdam Gasoil

May-23

$725.33

$735.41

-1.37%

-$10.08

$671.88

7.96%

$813.13

-10.80%

 

 

Singapore Jet Kero

May-23

$99.08

$100.21

-1.12%

-$1.13

$93.64

5.82%

$111.48

-11.12%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

4/14/23

4/13/23

% Change

Change

3/16/23

% Change

4/13/22

% Change

 

 

Henry Hub Straddle

Jun-23

83.43%

91.68%

-9.00%

-8.25%

79.83%

4.51%

37.15%

124.58%

 

 

Algonquin Straddle

Jun-23

125.61%

98.58%

27.42%

27.03%

85.27%

47.31%

41.80%

200.50%

 

 

Waha Straddle

Jun-23

244.73%

263.00%

-6.95%

-18.27%

144.95%

68.84%

80.41%

204.35%

 

 

Chicago Straddle

Jun-23

86.96%

94.76%

-8.23%

-7.80%

82.84%

4.97%

39.72%

118.93%

 

 

PJM West Straddle

Jun-23

77.28%

78.47%

-1.52%

-1.19%

73.84%

4.66%

29.49%

162.05%

 

 

SP – 15 Straddle

Jun-23

187.83%

199.49%

-5.84%

-11.66%

104.89%

79.07%

53.98%

247.96%

 

 

Mid. C Straddle

Jun-23

187.92%

185.15%

1.50%

2.77%

151.68%

23.89%

57.67%

225.85%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

4/14/23

4/13/23

% Change

Change

3/16/23

% Change

4/13/22

% Change

 

 

Dutch TTF

Jun-23

EUR 41.51

EUR 42.40

-2.10%

-EUR 0.89

EUR 45.50

-8.77%

EUR 75.78

-45.23%

 

 

NBP

Jun-23

GBP 100.26

GBP 102.16

-1.86%

-GBP 1.90

GBP 114.55

-12.47%

GBP 176.66

-43.25%

 

 

German Base

Jun-23

EUR 110.10

EUR 114.25

-3.63%

-EUR 4.15

EUR 118.35

-6.97%

EUR 176.06

-37.46%

 

 

UK Base

Jun-23

GBP 106.09

GBP 110.11

-3.65%

-GBP 4.02

GBP 123.71

-14.24%

GBP 169.13

-37.28%

 

 

French Base

Jun-23

EUR 116.60

EUR 119.97

-2.81%

-EUR 3.37

EUR 130.54

-10.68%

EUR 162.45

-28.22%

 

 

Italian Base

Jun-23

EUR 142.10

EUR 144.49

-1.65%

-EUR 2.38

EUR 139.05

2.20%

EUR 185.42

-23.36%

 

 

JKM LNG

Jun-23

$12.94

$12.38

4.48%

$0.55

$12.79

1.14%

$25.35

-48.96%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

04/15/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

2

2

2

2

2

2

NA

NA

 

 

Middle Atlantic

9

9

8

9

9

8

NA

NA

 

 

E N Central

3

3

3

3

2

3

NA

NA

 

 

W N Central

3

2

2

3

-2

3

NA

NA

 

 

South Atlantic

19

5

0

201

60

31

43.00%

18.00%

 

 

E S Central

1

-4

-7

44

3

25

NA

NA

 

 

W S Central

21

2

-17

172

56

43

48.00%

33.00%

 

 

Mountain

7

0

2

7

-20

-17

NA

NA

 

 

Pacific

0

-3

0

0

-12

-7

NA

NA

 

 

United States

9

4

0

62

17

12

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

04/15/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

73

-72

-33

5,154

-858

-275

-14.00%

-5.00%

 

 

Middle Atlantic

53

-72

-35

4,643

-803

-171

-15.00%

-4.00%

 

 

E N Central

47

-80

-68

5,322

-671

-142

-11.00%

-3.00%

 

 

W N Central

57

-62

-80

6,105

-195

225

-3.00%

4.00%

 

 

South Atlantic

36

-10

-6

2,292

-424

-5

-16.00%

0.00%

 

 

E S Central

41

-14

-12

2,917

-520

-102

-15.00%

-3.00%

 

 

W S Central

22

-3

5

2,023

-216

117

-10.00%

6.00%

 

 

Mountain

83

-22

-46

5,081

374

754

8.00%

17.00%

 

 

Pacific

85

11

-15

3,266

429

619

15.00%

23.00%

 

 

United States

53

-34

-30

3,859

-323

105

-8.00%

3.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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