Morning Report: Gas * Power * NGL * Crude * Products * Vols — Apr-19-2023

Apr 19, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:35 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.241

$2.366

-5.28%

-$0.125

32,848

 

 

WTI

$79.50

$80.86

-1.68%

-$1.36

11,934

 

 

Brent

$83.39

$84.77

-1.63%

-$1.38

11,574

 

 

ULSD

$2.566

$2.600

-1.29%

-$0.034

2,561

 

 

RBOB

$2.704

$2.751

-1.72%

-$0.047

2,873

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.81

$3.87

-1.55%

-$0.06

Jun-23

 

 

3:2:1 Crack

$30.55

$31.07

-1.67%

-$0.52

May-23

 

 

PJM West Spark

$32.77

$31.39

4.40%

$1.38

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

4/18/23

4/17/23

% Change

Change

3/20/23

% Change

4/18/22

% Change

 

 

PJM West On Peak

May-23

$37.56

$36.46

3.04%

$1.11

$37.32

0.64%

$65.67

-42.80%

 

 

ERCOT North On Peak

May-23

$33.93

$34.95

-2.93%

-$1.03

$37.06

-8.46%

$56.21

-39.64%

 

 

CAISO SP 15 On Peak

May-23

$36.20

$36.97

-2.08%

-$0.77

$33.47

8.16%

$35.96

0.66%

 

 

MISO Indiana On Peak

May-23

$40.82

$39.79

2.60%

$1.04

$39.76

2.68%

$66.71

-38.81%

 

 

NEISO Mass On Peak

May-23

$34.55

$36.46

-5.24%

-$1.91

$32.33

6.85%

$50.84

-32.04%

 

 

WECC Mid C On Peak

May-23

$77.11

$75.32

2.38%

$1.79

$54.94

40.35%

$37.13

107.66%

 

 

NYISO Zone G On Peak

May-23

$37.62

$41.72

-9.82%

-$4.10

$33.14

13.51%

$45.71

-17.69%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

4/18/23

4/17/23

% Change

Change

3/20/23

% Change

4/18/22

% Change

 

 

NYMEX Henry Hub

May-23

$2.366

$2.275

4.00%

$0.09

$2.33

1.50%

$4.80

-50.72%

 

 

Houston Ship Channel

May-23

-$0.299

-$0.312

-4.14%

$0.01

-$0.30

-1.03%

-$0.18

63.84%

 

 

Chicago

May-23

-$0.153

-$0.150

-1.64%

$0.00

-$0.06

145.26%

-$0.32

-52.56%

 

 

Waha

May-23

-$1.309

-$1.244

-5.21%

-$0.06

-$1.86

-29.66%

-$1.70

-23.00%

 

 

Algonquin

May-23

$0.133

-$0.268

149.46%

$0.40

-$0.16

-181.86%

-$0.54

-124.37%

 

 

Aeco

May-23

-$0.637

-$0.576

10.46%

-$0.06

-$0.55

16.74%

-$1.09

-41.62%

 

 

Socal

May-23

$0.637

$0.818

-22.09%

-$0.18

$0.24

166.25%

-$0.51

-224.35%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

4/18/23

4/17/23

% Change

Change

3/20/23

% Change

4/18/22

% Change

 

 

Mt. Belvieu Propane LST

May-23

$0.825

$0.819

0.76%

$0.01

$0.71

16.20%

$1.09

-24.37%

 

 

Mt. Belvieu Propane non LST

May-23

$0.824

$0.830

-0.75%

-$0.01

$0.71

16.03%

$1.09

-24.66%

 

 

Mt. Belview Ethane

May-23

$0.215

$0.202

6.33%

$0.01

$0.22

-4.20%

$0.40

-45.77%

 

 

Mt. Belview Nat. Gasoline

May-23

$1.591

$1.588

0.19%

$0.00

$1.40

13.38%

$1.92

-17.03%

 

 

Mt. Belvieu Butane LST

May-23

$0.941

$0.937

0.43%

$0.00

$0.82

14.73%

$1.24

-24.27%

 

 

Conway Propane

May-23

$0.810

$0.808

0.31%

$0.00

$0.70

16.55%

$1.08

-25.11%

 

 

Conway Nat. Gasoline

May-23

$1.631

$1.594

2.33%

$0.04

$1.43

13.90%

$1.86

-12.33%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

4/18/23

4/17/23

% Change

Change

3/20/23

% Change

4/18/22

% Change

 

 

WTI

Jun-23

$80.90

$80.83

0.09%

$0.07

$67.99

18.99%

$91.42

-11.51%

 

 

Brent

Jun-23

$84.77

$84.76

0.01%

$0.01

$73.54

15.27%

$96.75

-12.38%

 

 

WCS

Jun-23

-$14.64

-$15.10

-3.15%

$0.46

-$15.15

-3.36%

-$11.95

22.50%

 

 

LLS

Jun-23

$82.96

$83.13

-0.20%

-$0.17

$69.48

19.40%

$90.72

-8.56%

 

 

Mars

Jun-23

$79.15

$79.59

-0.55%

-$0.44

$66.92

18.29%

$89.60

-11.66%

 

 

Sour

Jun-23

$80.07

$80.18

-0.13%

-$0.11

$66.35

20.68%

$90.28

-11.31%

 

 

ESPO

Jun-23

$82.96

$82.79

0.20%

$0.17

$70.95

16.94%

$91.82

-9.65%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

4/18/23

4/17/23

% Change

Change

3/20/23

% Change

4/18/22

% Change

 

 

NY Heating Oil

May-23

$2.60

$2.62

-1.03%

-$0.03

$2.56

1.45%

$3.04

-14.61%

 

 

NY Gasoline

May-23

$2.74

$2.78

-1.30%

-$0.04

$2.49

10.20%

$2.85

-3.86%

 

 

GC Gasoline

May-23

$2.64

$2.68

-1.34%

-$0.04

$2.39

10.63%

$2.75

-4.00%

 

 

GC Jet

May-23

$2.26

$2.29

-1.53%

-$0.03

$2.15

5.07%

$2.79

-18.97%

 

 

Chicago Ethanol

May-23

$2.42

$2.44

-1.02%

-$0.02

$2.23

8.52%

$2.35

2.85%

 

 

Rotterdam Gasoil

May-23

$716.02

$712.02

0.56%

$4.00

$682.30

4.94%

$848.53

-15.62%

 

 

Singapore Jet Kero

May-23

$100.51

$98.71

1.83%

$1.81

$93.11

7.96%

$114.80

-12.44%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

4/18/23

4/17/23

% Change

Change

3/20/23

% Change

4/18/22

% Change

 

 

Henry Hub Straddle

Jun-23

79.32%

75.59%

4.93%

3.73%

81.66%

-2.87%

38.85%

104.17%

 

 

Algonquin Straddle

Jun-23

199.15%

151.70%

31.28%

47.45%

84.71%

135.10%

43.75%

355.20%

 

 

Waha Straddle

Jun-23

229.72%

255.89%

-10.23%

-26.17%

194.47%

18.13%

82.04%

180.01%

 

 

Chicago Straddle

Jun-23

84.35%

80.59%

4.67%

3.76%

84.67%

-0.38%

41.41%

103.69%

 

 

PJM West Straddle

Jun-23

76.34%

78.08%

-2.23%

-1.74%

71.94%

6.12%

30.99%

146.34%

 

 

SP – 15 Straddle

Jun-23

209.53%

236.97%

-11.58%

-27.44%

112.45%

86.33%

47.88%

337.61%

 

 

Mid. C Straddle

Jun-23

193.31%

188.85%

2.36%

4.46%

152.99%

26.35%

57.76%

234.68%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

4/18/23

4/17/23

% Change

Change

3/20/23

% Change

4/18/22

% Change

 

 

Dutch TTF

Jun-23

EUR 42.65

EUR 41.50

2.77%

EUR 1.15

EUR 39.99

6.64%

EUR 72.50

-41.18%

 

 

NBP

Jun-23

GBP 103.51

GBP 100.45

3.05%

GBP 3.06

GBP 98.65

4.93%

GBP 169.56

-38.95%

 

 

German Base

Jun-23

EUR 109.50

EUR 108.30

1.10%

EUR 1.20

EUR 111.35

-1.66%

EUR 173.25

-36.80%

 

 

UK Base

Jun-23

GBP 109.15

GBP 110.09

-0.85%

-GBP 0.94

GBP 106.97

2.04%

GBP 161.61

-32.46%

 

 

French Base

Jun-23

EUR 116.85

EUR 114.29

2.25%

EUR 2.57

EUR 120.28

-2.85%

EUR 163.45

-28.51%

 

 

Italian Base

Jun-23

EUR 147.55

EUR 139.86

5.50%

EUR 7.69

EUR 131.76

11.98%

EUR 181.60

-18.75%

 

 

JKM LNG

Jun-23

$13.22

$12.50

5.78%

$0.72

$12.63

4.72%

$23.32

-43.30%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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