Morning Report: Gas * Power * NGL * Crude * Products * Vols — Apr-24-2023

Apr 24, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:34 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.200

$2.233

-1.48%

-$0.033

9,674

 

 

WTI

$77.72

$77.87

-0.19%

-$0.15

97,855

 

 

Brent

$81.42

$81.66

-0.29%

-$0.24

4,160

 

 

ULSD

$2.498

$2.489

0.39%

$0.010

1,635

 

 

RBOB

$2.590

$2.602

-0.47%

-$0.012

1,204

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.68

$3.79

-2.90%

-$0.11

Jun-23

 

 

3:2:1 Crack

$28.88

$28.95

-0.23%

-$0.07

Jun-23

 

 

PJM West Spark

$31.10

$31.90

-2.52%

-$0.80

May-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

04/21/23

753

5

58

04/21/22

 

 

Canada

04/21/23

105

-6

4

04/21/22

 

 

International

Mar

930

15

115

Mar

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 4/18/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

96,133

95,725

95,572

153

 

 

PJM West Off Peak

86,330

85,706

85,808

-102

 

 

Natural Gas Henry Hub

452,290

421,551

438,429

-16,878

 

 

WTI – Light Sweet Crude Futures

138,058

103,898

100,673

3,225

 

 

Brent Crude Last Day

153,902

144,676

148,278

-3,602

 

 

NYM Ethanol

33,801

33,243

33,373

-130

 

 

Mt Belvieu LDH Propane Swap

143,059

141,858

142,543

-685

 

 

RBOB

324,811

299,317

308,618

-9,301

 

 

HSC Basis

572,475

568,414

563,263

5,151

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

4/21/23

4/20/23

% Change

Change

3/23/23

% Change

4/21/22

% Change

 

 

PJM West On Peak

May-23

$35.81

$36.68

-2.38%

-$0.87

$35.06

2.12%

$63.98

-44.04%

 

 

ERCOT North On Peak

May-23

$34.12

$35.06

-2.68%

-$0.94

$35.90

-4.97%

$49.37

-30.88%

 

 

CAISO SP 15 On Peak

May-23

$34.69

$33.76

2.77%

$0.93

$33.47

3.64%

$34.97

-0.79%

 

 

MISO Indiana On Peak

May-23

$39.17

$39.99

-2.05%

-$0.82

$37.88

3.42%

$65.07

-39.79%

 

 

NEISO Mass On Peak

May-23

$34.94

$33.02

5.84%

$1.93

$32.13

8.77%

$53.15

-34.25%

 

 

WECC Mid C On Peak

May-23

$70.25

$70.98

-1.03%

-$0.73

$63.72

10.25%

$34.24

105.16%

 

 

NYISO Zone G On Peak

May-23

$37.06

$36.54

1.43%

$0.52

$33.05

12.13%

$49.40

-24.98%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

4/21/23

4/20/23

% Change

Change

3/23/23

% Change

4/21/22

% Change

 

 

NYMEX Henry Hub

May-23

$2.233

$2.249

-0.71%

-$0.02

$2.28

-2.19%

$4.27

-47.74%

 

 

Houston Ship Channel

May-23

-$0.289

-$0.308

-6.26%

$0.02

-$0.30

-4.87%

-$0.18

58.32%

 

 

Chicago

May-23

-$0.162

-$0.178

9.70%

$0.02

-$0.05

216.83%

-$0.32

-48.88%

 

 

Waha

May-23

-$1.299

-$1.332

-2.46%

$0.03

-$1.88

-30.76%

-$1.89

-31.43%

 

 

Algonquin

May-23

-$0.226

-$0.242

6.58%

$0.02

-$0.17

35.96%

-$0.66

-65.76%

 

 

Aeco

May-23

-$0.646

-$0.671

-3.71%

$0.02

-$0.37

74.45%

-$1.17

-44.79%

 

 

Socal

May-23

$0.508

$0.541

-6.01%

-$0.03

$0.02

3244.74%

-$0.51

-198.87%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

4/21/23

4/20/23

% Change

Change

3/23/23

% Change

4/21/22

% Change

 

 

Mt. Belvieu Propane LST

May-23

$0.805

$0.800

0.63%

$0.01

$0.77

4.55%

$1.05

-23.24%

 

 

Mt. Belvieu Propane non LST

May-23

$0.807

$0.802

0.58%

$0.00

$0.77

4.53%

$1.08

-25.33%

 

 

Mt. Belview Ethane

May-23

$0.213

$0.205

4.11%

$0.01

$0.23

-7.40%

$0.37

-41.93%

 

 

Mt. Belview Nat. Gasoline

May-23

$1.543

$1.520

1.52%

$0.02

$1.52

1.67%

$1.95

-20.68%

 

 

Mt. Belvieu Butane LST

May-23

$0.924

$0.917

0.75%

$0.01

$0.88

5.28%

$1.19

-22.61%

 

 

Conway Propane

May-23

$0.793

$0.794

-0.18%

$0.00

$0.74

6.76%

$1.04

-23.64%

 

 

Conway Nat. Gasoline

May-23

$1.572

$1.531

2.71%

$0.04

$1.53

2.84%

$1.92

-18.20%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

4/21/23

4/20/23

% Change

Change

3/23/23

% Change

4/21/22

% Change

 

 

WTI

Jun-23

$77.87

$77.37

0.64%

$0.50

$70.12

11.05%

$89.21

-12.71%

 

 

Brent

Jun-23

$81.66

$81.10

0.69%

$0.56

$75.50

8.16%

$94.60

-13.68%

 

 

WCS

Jun-23

-$14.61

-$14.56

0.30%

-$0.04

-$14.80

-1.31%

-$11.57

26.19%

 

 

LLS

Jun-23

$79.30

$78.46

1.07%

$0.85

$71.94

10.24%

$89.23

-11.12%

 

 

Mars

Jun-23

$75.90

$75.68

0.29%

$0.22

$68.27

11.18%

$87.24

-12.99%

 

 

Sour

Jun-23

$76.44

$76.34

0.14%

$0.11

$68.79

11.12%

$87.17

-12.30%

 

 

ESPO

Jun-23

$80.09

$79.01

1.35%

$1.08

$73.61

8.80%

$90.70

-11.69%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

4/21/23

4/20/23

% Change

Change

3/23/23

% Change

4/21/22

% Change

 

 

NY Heating Oil

May-23

$2.49

$2.49

-0.08%

$0.00

$2.57

-2.92%

$2.96

-15.76%

 

 

NY Gasoline

May-23

$2.60

$2.59

0.50%

$0.01

$2.57

1.32%

$2.81

-7.34%

 

 

GC Gasoline

May-23

$2.50

$2.49

0.52%

$0.01

$2.47

1.38%

$2.71

-7.61%

 

 

GC Jet

May-23

$2.35

$2.24

4.95%

$0.11

$2.14

10.06%

$2.93

-19.75%

 

 

Chicago Ethanol

May-23

$2.40

$2.37

1.48%

$0.04

$2.30

4.58%

$2.49

-3.81%

 

 

Rotterdam Gasoil

May-23

$680.66

$675.46

0.77%

$5.20

$698.02

-2.49%

$815.91

-16.58%

 

 

Singapore Jet Kero

May-23

$92.98

$94.54

-1.65%

-$1.56

$94.17

-1.26%

$108.29

-14.14%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

4/21/23

4/20/23

% Change

Change

3/23/23

% Change

4/21/22

% Change

 

 

Henry Hub Straddle

Jun-23

65.10%

77.47%

-15.97%

-12.37%

95.44%

-31.79%

44.39%

46.65%

 

 

Algonquin Straddle

Jun-23

185.53%

198.02%

-6.31%

-12.49%

98.79%

87.80%

55.68%

233.21%

 

 

Waha Straddle

Jun-23

230.65%

241.24%

-4.39%

-10.59%

210.59%

9.53%

92.00%

150.71%

 

 

Chicago Straddle

Jun-23

68.50%

82.25%

-16.72%

-13.75%

97.47%

-29.72%

47.54%

44.09%

 

 

PJM West Straddle

Jun-23

80.77%

78.08%

3.45%

2.69%

72.01%

12.16%

36.64%

120.44%

 

 

SP – 15 Straddle

Jun-23

186.03%

254.42%

-26.88%

-68.39%

113.98%

63.21%

59.23%

214.08%

 

 

Mid. C Straddle

Jun-23

187.94%

186.05%

1.02%

1.89%

158.12%

18.86%

73.76%

154.80%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

4/21/23

4/20/23

% Change

Change

3/23/23

% Change

4/21/22

% Change

 

 

Dutch TTF

Jun-23

EUR 40.95

EUR 40.94

0.01%

EUR 0.01

EUR 43.70

-6.29%

EUR 79.05

-48.20%

 

 

NBP

Jun-23

GBP 99.15

GBP 98.85

0.30%

GBP 0.30

GBP 110.90

-10.60%

GBP 184.16

-46.16%

 

 

German Base

Jun-23

EUR 105.80

EUR 108.53

-2.51%

-EUR 2.73

EUR 118.77

-10.92%

EUR 177.95

-40.54%

 

 

UK Base

Jun-23

GBP 99.60

GBP 103.68

-3.94%

-GBP 4.08

GBP 122.29

-18.55%

GBP 174.40

-42.89%

 

 

French Base

Jun-23

EUR 115.76

EUR 114.34

1.24%

EUR 1.42

EUR 128.33

-9.79%

EUR 176.19

-34.29%

 

 

Italian Base

Jun-23

EUR 144.51

EUR 143.52

0.69%

EUR 0.99

EUR 144.00

0.35%

EUR 183.78

-21.37%

 

 

JKM LNG

Jun-23

$12.94

$13.65

-5.23%

-$0.71

$13.63

-5.09%

$24.53

-47.25%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

04/22/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

2

2

2

NA

NA

 

 

Middle Atlantic

0

0

0

9

9

8

NA

NA

 

 

E N Central

0

0

0

3

2

3

NA

NA

 

 

W N Central

1

0

-1

4

-1

3

NA

NA

 

 

South Atlantic

20

3

-1

221

63

30

40.00%

16.00%

 

 

E S Central

2

-3

-3

46

0

22

NA

NA

 

 

W S Central

26

3

-22

198

59

21

42.00%

12.00%

 

 

Mountain

5

-4

-7

12

-24

-24

NA

NA

 

 

Pacific

0

-3

0

0

-15

-7

NA

NA

 

 

United States

7

-1

-3

69

16

9

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

04/22/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

105

-23

-24

5,259

-881

-298

-14.00%

-5.00%

 

 

Middle Atlantic

69

-38

-60

4,712

-841

-231

-15.00%

-5.00%

 

 

E N Central

113

3

-35

5,435

-668

-177

-11.00%

-3.00%

 

 

W N Central

133

33

-17

6,238

-161

208

-3.00%

3.00%

 

 

South Atlantic

19

-18

-29

2,311

-442

-34

-16.00%

-1.00%

 

 

E S Central

38

-6

-20

2,955

-527

-122

-15.00%

-4.00%

 

 

W S Central

22

5

8

2,045

-211

125

-9.00%

6.00%

 

 

Mountain

111

17

34

5,193

392

788

8.00%

18.00%

 

 

Pacific

84

18

-1

3,350

447

617

15.00%

23.00%

 

 

United States

71

-3

-20

3,930

-326

85

-8.00%

2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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