Morning Report: Gas * Power * NGL * Crude * Products * Vols — Apr-27-2023

Apr 27, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 9:10 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.340

$2.117

10.53%

$0.223

33,437

 

 

WTI

$74.75

$74.30

0.61%

$0.45

137,031

 

 

Brent

$78.08

$77.69

0.50%

$0.39

2,156

 

 

ULSD

$2.364

$2.373

-0.38%

-$0.009

1,616

 

 

RBOB

$2.539

$2.549

-0.40%

-$0.010

1,373

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.28

$3.39

-3.24%

-$0.11

Jun-23

 

 

3:2:1 Crack

$28.64

$29.22

-1.97%

-$0.58

Jun-23

 

 

PJM West Spark

NA

NA

NA

NA

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

4/26/23

4/25/23

% Change

Change

3/28/23

% Change

4/26/22

% Change

 

 

PJM West On Peak

May-23

$34.83

$35.28

-1.28%

-$0.45

$33.76

3.18%

$62.44

-44.22%

 

 

ERCOT North On Peak

May-23

$34.30

$31.96

7.32%

$2.34

$36.36

-5.67%

$49.76

-31.06%

 

 

CAISO SP 15 On Peak

May-23

$35.02

$35.99

-2.70%

-$0.97

$34.99

0.09%

$36.09

-2.97%

 

 

MISO Indiana On Peak

May-23

$38.47

$38.78

-0.80%

-$0.31

$36.03

6.78%

$63.78

-39.69%

 

 

NEISO Mass On Peak

May-23

$30.40

$32.64

-6.87%

-$2.24

$30.71

-1.03%

$54.25

-43.97%

 

 

WECC Mid C On Peak

May-23

$60.33

$65.95

-8.53%

-$5.62

$65.85

-8.38%

$35.04

72.19%

 

 

NYISO Zone G On Peak

May-23

$32.97

$34.92

-5.58%

-$1.95

$32.18

2.46%

$49.81

-33.80%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

4/26/23

4/25/23

% Change

Change

3/28/23

% Change

4/26/22

% Change

 

 

NYMEX Henry Hub

Jun-23

$2.305

$2.437

-5.42%

-$0.13

$2.39

-3.39%

$4.26

-45.87%

 

 

Houston Ship Channel

Jun-23

-$0.238

-$0.231

2.98%

-$0.01

-$0.28

-13.57%

-$0.19

26.02%

 

 

Chicago

Jun-23

-$0.145

-$0.161

11.26%

$0.02

-$0.09

58.25%

-$0.33

-55.62%

 

 

Waha

Jun-23

-$1.249

-$1.334

-6.39%

$0.09

-$1.98

-36.88%

-$2.00

-37.43%

 

 

Algonquin

Jun-23

$0.846

$0.917

-7.79%

-$0.07

-$0.11

-866.64%

-$0.70

-221.08%

 

 

Aeco

Jun-23

-$0.711

-$0.819

-13.19%

$0.11

-$0.48

47.03%

-$1.16

-38.95%

 

 

Socal

Jun-23

$0.508

$0.644

-21.09%

-$0.14

$0.95

-46.50%

-$0.46

-210.26%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

4/26/23

4/25/23

% Change

Change

3/28/23

% Change

4/26/22

% Change

 

 

Mt. Belvieu Propane LST

May-23

$0.775

$0.785

-1.28%

-$0.01

$0.79

-2.23%

$1.04

-25.39%

 

 

Mt. Belvieu Propane non LST

May-23

$0.775

$0.786

-1.43%

-$0.01

$0.79

-2.38%

$1.02

-23.97%

 

 

Mt. Belview Ethane

May-23

$0.214

$0.210

1.87%

$0.00

$0.22

-0.98%

$0.36

-41.07%

 

 

Mt. Belview Nat. Gasoline

May-23

$1.535

$1.538

-0.17%

$0.00

$1.56

-1.37%

$1.83

-16.23%

 

 

Mt. Belvieu Butane LST

May-23

$0.884

$0.901

-1.85%

-$0.02

$0.90

-1.89%

$1.18

-24.88%

 

 

Conway Propane

May-23

$0.761

$0.777

-2.10%

-$0.02

$0.77

-0.96%

$1.04

-26.56%

 

 

Conway Nat. Gasoline

May-23

$1.576

$1.566

0.62%

$0.01

$1.57

0.58%

$1.87

-15.74%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

4/26/23

4/25/23

% Change

Change

3/28/23

% Change

4/26/22

% Change

 

 

WTI

Jun-23

$74.30

$77.07

-3.73%

-$2.77

$73.34

1.31%

$86.19

-13.80%

 

 

Brent

Jun-23

$77.69

$80.77

-3.96%

-$3.08

$78.14

-0.58%

$91.30

-14.91%

 

 

WCS

Jun-23

-$13.82

-$14.04

-1.61%

$0.22

-$14.30

-3.36%

-$12.11

14.15%

 

 

LLS

Jun-23

$76.02

$78.43

-3.17%

-$2.41

$75.15

1.16%

$91.00

-16.46%

 

 

Mars

Jun-23

$72.43

$75.31

-3.98%

-$2.88

$71.92

0.71%

$85.92

-15.71%

 

 

Sour

Jun-23

$72.67

$75.55

-3.97%

-$2.88

$72.25

0.59%

$86.27

-15.76%

 

 

ESPO

Jun-23

$76.60

$79.42

-3.69%

-$2.82

$75.84

1.01%

$92.28

-16.99%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

4/26/23

4/25/23

% Change

Change

3/28/23

% Change

4/26/22

% Change

 

 

NY Heating Oil

May-23

$2.37

$2.45

-3.10%

-$0.08

$2.65

-10.28%

$2.95

-19.61%

 

 

NY Gasoline

May-23

$2.53

$2.60

-2.54%

-$0.07

$2.65

-4.56%

$2.75

-8.07%

 

 

GC Gasoline

May-23

$2.43

$2.50

-2.64%

-$0.07

$2.55

-4.74%

$2.65

-8.37%

 

 

GC Jet

May-23

$2.02

$2.21

-8.78%

-$0.19

$2.48

-18.78%

$2.75

-26.81%

 

 

Chicago Ethanol

May-23

$2.42

$2.41

0.62%

$0.01

$2.35

3.19%

$2.52

-3.81%

 

 

Rotterdam Gasoil

May-23

$663.84

$676.12

-1.82%

-$12.28

$715.08

-7.17%

$835.68

-20.56%

 

 

Singapore Jet Kero

May-23

$94.11

$96.15

-2.12%

-$2.04

$96.63

-2.61%

$108.27

-13.08%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

4/26/23

4/25/23

% Change

Change

3/28/23

% Change

4/26/22

% Change

 

 

Henry Hub Straddle

Jun-23

67.15%

66.32%

1.25%

0.83%

89.36%

-24.85%

41.10%

63.38%

 

 

Algonquin Straddle

Jun-23

176.45%

181.69%

-2.88%

-5.24%

93.39%

88.94%

54.58%

223.29%

 

 

Waha Straddle

Jun-23

194.55%

215.06%

-9.54%

-20.51%

248.65%

-21.76%

99.79%

94.96%

 

 

Chicago Straddle

Jun-23

73.95%

70.55%

4.82%

3.40%

91.05%

-18.78%

44.57%

65.92%

 

 

PJM West Straddle

Jun-23

69.23%

73.46%

-5.76%

-4.23%

64.82%

6.80%

35.67%

94.08%

 

 

SP – 15 Straddle

Jun-23

238.62%

160.13%

49.02%

78.49%

122.26%

95.17%

54.77%

335.68%

 

 

Mid. C Straddle

Jun-23

189.27%

193.37%

-2.12%

-4.10%

163.56%

15.72%

57.29%

230.37%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

4/26/23

4/25/23

% Change

Change

3/28/23

% Change

4/26/22

% Change

 

 

Dutch TTF

Jun-23

EUR 38.82

EUR 39.55

-1.85%

-EUR 0.73

EUR 43.47

-10.70%

EUR 72.03

-46.11%

 

 

NBP

Jun-23

GBP 91.74

GBP 95.98

-4.42%

-GBP 4.24

GBP 108.29

-15.28%

GBP 179.93

-49.01%

 

 

German Base

Jun-23

EUR 99.36

EUR 101.90

-2.49%

-EUR 2.54

EUR 114.45

-13.18%

EUR 174.82

-43.16%

 

 

UK Base

Jun-23

GBP 94.72

GBP 96.87

-2.22%

-GBP 2.15

GBP 116.56

-18.74%

GBP 168.32

-43.73%

 

 

French Base

Jun-23

EUR 103.99

EUR 107.05

-2.86%

-EUR 3.06

EUR 126.88

-18.04%

EUR 176.38

-41.04%

 

 

Italian Base

Jun-23

EUR 126.64

EUR 133.35

-5.03%

-EUR 6.71

EUR 136.54

-7.25%

EUR 187.59

-32.49%

 

 

JKM LNG

Jun-23

$12.37

$13.08

-5.42%

-$0.71

$12.94

-4.45%

$23.59

-47.57%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

To opt out of this email please follow this link.

Campbell Faulkner | OTC Global Holdings

Quality Data – Reliable Service – Affordable Price

5151 San Felipe Suite 2200
Houston, TX 77056
faulkner.c@otcgh.com
eoxlive.com/market-data

 

This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.

pdf icon All_Products_20230427.pdf