Morning Report: Gas * Power * NGL * Crude * Products * Vols — Apr-21-2023

Apr 21, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:34 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.243

$2.249

-0.27%

-$0.006

19,383

 

 

WTI

$78.30

$77.29

1.31%

$1.01

93,128

 

 

Brent

$81.96

$81.10

1.06%

$0.86

5,825

 

 

ULSD

$2.520

$2.495

1.00%

$0.025

1,422

 

 

RBOB

$2.637

$2.586

1.94%

$0.050

2,943

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.65

$3.73

-2.14%

-$0.08

Jun-23

 

 

3:2:1 Crack

$29.76

$29.04

2.46%

$0.71

Jun-23

 

 

PJM West Spark

$31.87

$32.05

-0.55%

-$0.18

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

 

 

 

 

04/20/18

 

 

 

4/14/23

4/7/23

Net Change

% Change

4/15/22

% Change

5 Year Avg.

% Change

 

 

East

363

345

18

5.22%

238

52.52%

284

27.91%

 

 

Midwest

450

427

23

5.39%

304

48.03%

339

32.90%

 

 

Mountain

84

80

4

5.00%

89

-5.62%

91

-8.10%

 

 

Pacific

83

74

9

12.16%

169

-50.89%

181

-54.09%

 

 

South

949

929

20

2.15%

650

46.00%

724

31.04%

 

 

    Salt

266

261

5

1.92%

201

32.34%

229

16.26%

 

 

    Non_Salt

684

667

17

2.55%

449

52.34%

495

38.07%

 

 

Total

1,930

1,855

75

4.04%

1,450

33.10%

1,619

19.24%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

4/20/23

4/19/23

% Change

Change

3/22/23

% Change

4/20/22

% Change

 

 

PJM West On Peak

May-23

$36.68

$36.86

-0.50%

-$0.18

$35.74

2.64%

$63.06

-41.83%

 

 

ERCOT North On Peak

May-23

$35.06

$34.24

2.40%

$0.82

$35.92

-2.39%

$52.32

-32.98%

 

 

CAISO SP 15 On Peak

May-23

$33.76

$35.54

-5.03%

-$1.79

$32.94

2.47%

$35.75

-5.57%

 

 

MISO Indiana On Peak

May-23

$39.99

$39.91

0.21%

$0.09

$38.31

4.39%

$63.88

-37.39%

 

 

NEISO Mass On Peak

May-23

$33.02

$31.66

4.27%

$1.35

$33.77

-2.24%

$49.79

-33.69%

 

 

WECC Mid C On Peak

May-23

$70.98

$67.31

5.46%

$3.68

$58.76

20.80%

$36.60

93.93%

 

 

NYISO Zone G On Peak

May-23

$36.54

$35.28

3.55%

$1.25

$34.65

5.44%

$46.71

-21.78%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

4/20/23

4/19/23

% Change

Change

3/22/23

% Change

4/20/22

% Change

 

 

NYMEX Henry Hub

May-23

$2.249

$2.222

1.22%

$0.03

$2.31

-2.51%

$4.44

-49.31%

 

 

Houston Ship Channel

May-23

-$0.308

-$0.326

-5.46%

$0.02

-$0.30

3.35%

-$0.18

70.20%

 

 

Chicago

May-23

-$0.178

-$0.181

1.91%

$0.00

-$0.06

186.91%

-$0.31

-43.49%

 

 

Waha

May-23

-$1.332

-$1.348

-1.21%

$0.02

-$1.82

-26.64%

-$1.79

-25.38%

 

 

Algonquin

May-23

-$0.242

-$0.245

1.27%

$0.00

-$0.18

35.96%

-$0.60

-59.75%

 

 

Aeco

May-23

-$0.671

-$0.732

-8.35%

$0.06

-$0.60

11.13%

-$1.14

-41.05%

 

 

Socal

May-23

$0.541

$0.513

5.38%

$0.03

$0.08

555.64%

-$0.51

-205.36%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

4/20/23

4/19/23

% Change

Change

3/22/23

% Change

4/20/22

% Change

 

 

Mt. Belvieu Propane LST

May-23

$0.800

$0.812

-1.54%

-$0.01

$0.76

5.60%

$1.03

-22.61%

 

 

Mt. Belvieu Propane non LST

May-23

$0.802

$0.816

-1.69%

-$0.01

$0.75

6.48%

$1.01

-20.83%

 

 

Mt. Belview Ethane

May-23

$0.205

$0.210

-2.57%

-$0.01

$0.23

-10.07%

$0.37

-44.00%

 

 

Mt. Belview Nat. Gasoline

May-23

$1.520

$1.558

-2.42%

-$0.04

$1.48

2.96%

$1.89

-19.39%

 

 

Mt. Belvieu Butane LST

May-23

$0.917

$0.922

-0.54%

$0.00

$0.84

8.68%

$1.17

-21.94%

 

 

Conway Propane

May-23

$0.794

$0.806

-1.48%

-$0.01

$0.72

9.53%

$1.03

-23.26%

 

 

Conway Nat. Gasoline

May-23

$1.531

$1.554

-1.53%

-$0.02

$1.50

2.01%

$1.86

-17.61%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

4/20/23

4/19/23

% Change

Change

3/22/23

% Change

4/20/22

% Change

 

 

WTI

Jun-23

$77.37

$79.24

-2.42%

-$1.87

$71.02

8.94%

$87.76

-11.84%

 

 

Brent

Jun-23

$81.10

$83.12

-2.49%

-$2.02

$76.38

6.18%

$93.22

-13.00%

 

 

WCS

Jun-23

-$14.56

-$15.07

-3.45%

$0.50

-$14.80

-1.61%

-$12.57

15.83%

 

 

LLS

Jun-23

$78.46

$80.85

-3.05%

-$2.39

$72.76

7.83%

$90.24

-13.05%

 

 

Mars

Jun-23

$75.68

$77.78

-2.78%

-$2.10

$69.41

9.03%

$85.64

-11.63%

 

 

Sour

Jun-23

$76.34

$78.36

-2.65%

-$2.02

$69.78

9.39%

$87.96

-13.21%

 

 

ESPO

Jun-23

$79.01

$81.84

-3.57%

-$2.82

$74.93

5.46%

$91.69

-13.82%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

4/20/23

4/19/23

% Change

Change

3/22/23

% Change

4/20/22

% Change

 

 

NY Heating Oil

May-23

$2.49

$2.56

-2.43%

-$0.06

$2.60

-4.00%

$2.89

-13.62%

 

 

NY Gasoline

May-23

$2.59

$2.65

-2.30%

-$0.06

$2.55

1.57%

$2.76

-6.27%

 

 

GC Gasoline

May-23

$2.49

$2.55

-2.39%

-$0.06

$2.45

1.63%

$2.66

-6.50%

 

 

GC Jet

May-23

$2.24

$2.31

-2.86%

-$0.07

$2.49

-9.92%

$3.26

-31.12%

 

 

Chicago Ethanol

May-23

$2.37

$2.37

0.00%

$0.00

$2.28

3.73%

$2.65

-10.72%

 

 

Rotterdam Gasoil

May-23

$675.46

$694.92

-2.80%

-$19.46

$697.71

-3.19%

$806.97

-16.30%

 

 

Singapore Jet Kero

May-23

$94.54

$95.97

-1.49%

-$1.43

$94.91

-0.39%

$111.21

-14.99%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

4/20/23

4/19/23

% Change

Change

3/22/23

% Change

4/20/22

% Change

 

 

Henry Hub Straddle

Jun-23

77.47%

83.91%

-7.67%

-6.44%

95.60%

-18.96%

44.33%

74.76%

 

 

Algonquin Straddle

Jun-23

198.02%

206.00%

-3.87%

-7.98%

101.93%

94.27%

53.04%

273.34%

 

 

Waha Straddle

Jun-23

241.24%

238.07%

1.33%

3.17%

192.89%

25.07%

90.36%

166.98%

 

 

Chicago Straddle

Jun-23

82.25%

89.46%

-8.06%

-7.21%

100.09%

-17.82%

47.13%

74.52%

 

 

PJM West Straddle

Jun-23

78.08%

78.17%

-0.12%

-0.09%

71.49%

9.22%

36.41%

114.45%

 

 

SP – 15 Straddle

Jun-23

254.42%

238.00%

6.90%

16.42%

115.49%

120.30%

56.52%

350.14%

 

 

Mid. C Straddle

Jun-23

186.05%

186.89%

-0.45%

-0.84%

155.46%

19.68%

58.45%

218.31%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

4/20/23

4/19/23

% Change

Change

3/22/23

% Change

4/20/22

% Change

 

 

Dutch TTF

Jun-23

EUR 40.94

EUR 40.16

1.95%

EUR 0.78

EUR 40.99

-0.10%

EUR 74.52

-45.05%

 

 

NBP

Jun-23

GBP 98.85

GBP 97.55

1.33%

GBP 1.30

GBP 102.70

-3.75%

GBP 173.40

-42.99%

 

 

German Base

Jun-23

EUR 108.53

EUR 107.80

0.68%

EUR 0.73

EUR 112.50

-3.53%

EUR 176.93

-38.66%

 

 

UK Base

Jun-23

GBP 103.68

GBP 108.00

-4.00%

-GBP 4.32

GBP 110.13

-5.86%

GBP 161.39

-35.76%

 

 

French Base

Jun-23

EUR 114.34

EUR 116.82

-2.12%

-EUR 2.48

EUR 121.10

-5.58%

EUR 171.58

-33.36%

 

 

Italian Base

Jun-23

EUR 143.52

EUR 143.28

0.17%

EUR 0.24

EUR 131.85

8.85%

EUR 185.68

-22.71%

 

 

JKM LNG

Jun-23

$13.65

$13.49

1.22%

$0.16

$12.66

7.82%

$23.17

-41.06%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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