Morning Report: Gas * Power * NGL * Crude * Products * Vols — Apr-28-2023

Apr 28, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:33 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.385

$2.355

1.27%

$0.030

93,800

 

 

WTI

$74.93

$74.76

0.23%

$0.17

118,654

 

 

Brent

$78.95

$78.37

0.74%

$0.58

173

 

 

ULSD

$2.359

$2.354

0.20%

$0.005

741

 

 

RBOB

$2.560

$2.533

1.06%

$0.027

367

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.06

$3.61

12.47%

$0.45

Jun-23

 

 

3:2:1 Crack

$28.30

$27.97

1.17%

$0.33

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

 

 

 

 

04/27/18

 

 

 

4/21/23

4/14/23

Net Change

% Change

4/22/22

% Change

5 Year Avg.

% Change

 

 

East

390

363

27

7.44%

238

63.87%

293

33.20%

 

 

Midwest

468

450

18

4.00%

309

51.46%

351

33.49%

 

 

Mountain

90

84

6

7.14%

90

0.00%

95

-4.86%

 

 

Pacific

90

83

7

8.43%

171

-47.37%

189

-52.38%

 

 

South

971

949

22

2.32%

681

42.58%

754

28.85%

 

 

    Salt

275

266

9

3.38%

215

27.91%

240

14.49%

 

 

    Non_Salt

695

684

11

1.61%

467

48.82%

513

35.37%

 

 

Total

2,009

1,930

79

4.09%

1,490

34.83%

1,681

19.54%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

4/27/23

4/26/23

% Change

Change

3/29/23

% Change

4/27/22

% Change

 

 

PJM West On Peak

May-23

$39.80

$34.83

14.26%

$4.97

$34.54

15.21%

$65.26

-39.02%

 

 

ERCOT North On Peak

May-23

$31.10

$34.30

-9.34%

-$3.21

$39.74

-21.75%

$48.59

-36.00%

 

 

CAISO SP 15 On Peak

May-23

$36.00

$35.02

2.79%

$0.98

$38.69

-6.97%

$35.57

1.20%

 

 

MISO Indiana On Peak

May-23

$43.87

$38.47

14.05%

$5.40

$37.60

16.68%

$66.60

-34.13%

 

 

NEISO Mass On Peak

May-23

$31.06

$30.40

2.19%

$0.67

$32.07

-3.13%

$51.36

-39.52%

 

 

WECC Mid C On Peak

May-23

$59.01

$60.33

-2.19%

-$1.32

$70.46

-16.26%

$32.73

80.28%

 

 

NYISO Zone G On Peak

May-23

$33.67

$32.97

2.10%

$0.69

$33.34

0.99%

$49.71

-32.28%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

4/27/23

4/26/23

% Change

Change

3/29/23

% Change

4/27/22

% Change

 

 

NYMEX Henry Hub

Jun-23

$2.355

$2.305

2.17%

$0.05

$2.45

-3.80%

$4.34

-45.75%

 

 

Houston Ship Channel

Jun-23

-$0.237

-$0.238

-0.71%

$0.00

-$0.27

-12.56%

-$0.19

23.23%

 

 

Chicago

Jun-23

-$0.157

-$0.145

-7.54%

-$0.01

-$0.09

69.30%

-$0.33

-52.44%

 

 

Waha

Jun-23

-$1.251

-$1.249

-0.16%

$0.00

-$1.98

-36.78%

-$2.03

-38.50%

 

 

Algonquin

Jun-23

$0.838

$0.846

-0.88%

-$0.01

-$0.09

-1012.08%

-$0.71

-217.71%

 

 

Aeco

Jun-23

-$0.703

-$0.711

-1.04%

$0.01

-$0.49

44.60%

-$1.15

-38.90%

 

 

Socal

Jun-23

$0.473

$0.508

-6.94%

-$0.04

$0.88

-46.37%

-$0.45

-205.25%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

4/27/23

4/26/23

% Change

Change

3/29/23

% Change

4/27/22

% Change

 

 

Mt. Belvieu Propane LST

May-23

$0.745

$0.775

-3.89%

-$0.03

$0.80

-7.05%

$1.03

-27.48%

 

 

Mt. Belvieu Propane non LST

May-23

$0.745

$0.775

-3.89%

-$0.03

$0.80

-6.91%

$1.05

-28.92%

 

 

Mt. Belview Ethane

May-23

$0.201

$0.214

-6.01%

-$0.01

$0.22

-10.26%

$0.37

-45.08%

 

 

Mt. Belview Nat. Gasoline

May-23

$1.504

$1.535

-2.02%

-$0.03

$1.55

-3.11%

$1.87

-19.69%

 

 

Mt. Belvieu Butane LST

May-23

$0.840

$0.884

-4.95%

-$0.04

$0.90

-6.88%

$1.18

-28.81%

 

 

Conway Propane

May-23

$0.735

$0.761

-3.46%

-$0.03

$0.78

-5.50%

$1.04

-29.15%

 

 

Conway Nat. Gasoline

May-23

$1.525

$1.576

-3.21%

-$0.05

$1.57

-2.88%

$1.87

-18.49%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

4/27/23

4/26/23

% Change

Change

3/29/23

% Change

4/27/22

% Change

 

 

WTI

Jun-23

$74.76

$74.30

0.62%

$0.46

$73.12

2.24%

$86.26

-13.33%

 

 

Brent

Jun-23

$78.37

$77.69

0.87%

$0.68

$77.59

1.01%

$91.37

-14.23%

 

 

WCS

Jun-23

-$14.94

-$13.82

7.53%

-$1.13

-$14.30

4.51%

-$14.18

5.42%

 

 

LLS

Jun-23

$76.26

$76.02

0.31%

$0.24

$75.93

0.44%

$85.79

-11.11%

 

 

Mars

Jun-23

$73.15

$72.43

1.00%

$0.73

$71.17

2.79%

$82.69

-11.53%

 

 

Sour

Jun-23

$73.44

$72.67

1.04%

$0.77

$71.75

2.35%

$83.14

-11.67%

 

 

ESPO

Jun-23

$77.13

$76.60

0.69%

$0.53

$76.39

0.97%

$86.82

-11.16%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

4/27/23

4/26/23

% Change

Change

3/29/23

% Change

4/27/22

% Change

 

 

NY Heating Oil

May-23

$2.36

$2.37

-0.80%

-$0.02

$2.56

-8.01%

$2.88

-18.17%

 

 

NY Gasoline

May-23

$2.56

$2.53

1.11%

$0.03

$2.63

-2.77%

$2.70

-5.26%

 

 

GC Gasoline

May-23

$2.46

$2.43

1.15%

$0.03

$2.53

-2.88%

$2.60

-5.46%

 

 

GC Jet

May-23

$2.14

$2.02

6.10%

$0.12

$2.33

-8.24%

$2.99

-28.57%

 

 

Chicago Ethanol

May-23

$2.38

$2.42

-1.94%

-$0.05

$2.35

1.11%

$2.48

-4.07%

 

 

Rotterdam Gasoil

May-23

$644.66

$663.84

-2.89%

-$19.17

$708.74

-9.04%

$840.86

-23.33%

 

 

Singapore Jet Kero

May-23

$90.47

$94.11

-3.87%

-$3.64

$95.32

-5.09%

$110.97

-18.47%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

4/27/23

4/26/23

% Change

Change

3/29/23

% Change

4/27/22

% Change

 

 

Henry Hub Straddle

Jun-23

65.04%

67.15%

-3.14%

-2.11%

83.39%

-22.01%

39.23%

65.79%

 

 

Algonquin Straddle

Jun-23

170.34%

176.45%

-3.46%

-6.11%

88.51%

92.45%

51.81%

228.78%

 

 

Waha Straddle

Jun-23

191.02%

194.55%

-1.81%

-3.53%

238.29%

-19.84%

100.08%

90.87%

 

 

Chicago Straddle

Jun-23

68.10%

73.95%

-7.91%

-5.85%

85.09%

-19.97%

42.64%

59.71%

 

 

PJM West Straddle

Jun-23

75.03%

69.23%

8.38%

5.80%

67.52%

11.12%

35.10%

113.76%

 

 

SP – 15 Straddle

Jun-23

238.86%

238.62%

0.10%

0.24%

132.23%

80.64%

51.28%

365.80%

 

 

Mid. C Straddle

Jun-23

199.22%

189.27%

5.26%

9.95%

164.25%

21.29%

60.55%

229.02%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

4/27/23

4/26/23

% Change

Change

3/29/23

% Change

4/27/22

% Change

 

 

Dutch TTF

Jun-23

EUR 39.25

EUR 38.82

1.11%

EUR 0.43

EUR 43.44

-9.66%

EUR 75.44

-47.98%

 

 

NBP

Jun-23

GBP 92.00

GBP 91.74

0.28%

GBP 0.26

GBP 108.50

-15.21%

GBP 171.57

-46.38%

 

 

German Base

Jun-23

EUR 99.60

EUR 99.36

0.24%

EUR 0.24

EUR 117.08

-14.93%

EUR 186.47

-46.59%

 

 

UK Base

Jun-23

GBP 95.85

GBP 94.72

1.20%

GBP 1.14

GBP 117.31

-18.29%

GBP 159.98

-40.08%

 

 

French Base

Jun-23

EUR 102.24

EUR 103.99

-1.69%

-EUR 1.75

EUR 119.80

-14.66%

EUR 186.71

-45.24%

 

 

Italian Base

Jun-23

EUR 128.58

EUR 126.64

1.53%

EUR 1.94

EUR 140.76

-8.65%

EUR 197.22

-34.81%

 

 

JKM LNG

Jun-23

$12.83

$12.37

3.72%

$0.46

$12.69

1.14%

$22.80

-43.73%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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