Morning Report: Gas * Power * NGL * Crude * Products * Vols — Jun-08-2023

Jun 8, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:30 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.340

$2.329

0.47%

$0.011

26,691

 

 

WTI

$72.75

$72.53

0.30%

$0.22

97,707

 

 

Brent

$77.13

$76.95

0.23%

$0.18

10,853

 

 

ULSD

$2.408

$2.402

0.27%

$0.006

9,677

 

 

RBOB

$2.636

$2.641

-0.21%

-$0.006

21,978

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.28

$4.31

-0.70%

-$0.03

Aug-23

 

 

3:2:1 Crack

$31.74

$32.05

-0.96%

-$0.31

Jul-23

 

 

PJM West Spark

$49.24

$47.77

3.08%

$1.47

Jul-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

06/02/23

696

-15

-31

06/03/22

 

 

Canada

06/02/23

97

10

-20

06/03/22

 

 

International

May

965

18

148

May

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 5/30/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

111,518

111,182

111,186

-4

 

 

PJM West Off Peak

91,883

91,135

91,318

-183

 

 

Natural Gas Henry Hub

442,879

415,758

429,956

-14,198

 

 

WTI – Light Sweet Crude Futures

140,880

108,008

104,997

3,011

 

 

Brent Crude Last Day

153,164

141,002

145,384

-4,382

 

 

NYM Ethanol

42,166

41,913

41,689

224

 

 

Mt Belvieu LDH Propane Swap

154,041

153,097

153,792

-695

 

 

RBOB

305,313

285,011

290,254

-5,243

 

 

HSC Basis

580,723

573,698

567,708

5,990

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

06/01/18

 

 

 

5/26/23

5/19/23

Net Change

% Change

5/27/22

% Change

5 Year Avg.

% Change

 

 

East

522

489

33

6.75%

357

46.22%

414

26.03%

 

 

Midwest

577

546

31

5.68%

420

37.38%

471

22.61%

 

 

Mountain

127

120

7

5.83%

113

12.39%

125

1.44%

 

 

Pacific

151

139

12

8.63%

195

-22.56%

236

-36.02%

 

 

South

1,070

1,042

28

2.69%

817

30.97%

900

18.86%

 

 

    Salt

304

294

10

3.40%

248

22.58%

280

8.42%

 

 

    Non_Salt

766

748

18

2.41%

569

34.62%

620

23.59%

 

 

Total

2,446

2,336

110

4.71%

1,902

28.60%

2,146

13.96%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

6/7/23

6/6/23

% Change

Change

5/9/23

% Change

6/7/22

% Change

 

 

PJM West On Peak

Jul-23

$54.24

$52.75

2.82%

$1.49

$56.37

-3.78%

$90.79

-40.26%

 

 

ERCOT North On Peak

Jul-23

$74.29

$67.85

9.48%

$6.43

$64.43

15.30%

$94.10

-21.06%

 

 

CAISO SP 15 On Peak

Jul-23

$86.98

$85.45

1.80%

$1.53

$86.68

0.35%

$126.28

-31.12%

 

 

MISO Indiana On Peak

Jul-23

$61.84

$60.60

2.05%

$1.24

$61.39

0.73%

$94.30

-34.42%

 

 

NEISO Mass On Peak

Jul-23

$69.19

$65.56

5.53%

$3.63

$78.55

-11.91%

$80.57

-14.12%

 

 

WECC Mid C On Peak

Jul-23

$158.30

$156.23

1.33%

$2.07

$131.96

19.96%

$140.96

12.31%

 

 

NYISO Zone G On Peak

Jul-23

$55.10

$52.10

5.77%

$3.01

$63.52

-13.25%

$78.19

-29.53%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

6/7/23

6/6/23

% Change

Change

5/9/23

% Change

6/7/22

% Change

 

 

NYMEX Henry Hub

Jul-23

$2.329

$2.262

2.96%

$0.07

$2.43

-4.04%

$5.78

-59.67%

 

 

Houston Ship Channel

Jul-23

-$0.096

-$0.130

-26.02%

$0.03

-$0.19

-47.95%

-$0.19

-48.91%

 

 

Chicago

Jul-23

-$0.171

-$0.132

-23.01%

-$0.04

-$0.20

-13.74%

-$0.27

-37.07%

 

 

Waha

Jul-23

-$0.741

-$0.693

-6.91%

-$0.05

-$1.25

-40.66%

-$2.48

-70.11%

 

 

Algonquin

Jul-23

$1.467

$1.439

1.92%

$0.03

$2.29

-35.97%

-$0.22

-778.00%

 

 

Aeco

Jul-23

-$1.018

-$0.908

12.17%

-$0.11

-$1.23

-17.44%

-$1.65

-38.30%

 

 

Socal

Jul-23

$1.739

$1.383

25.77%

$0.36

$0.95

82.10%

$0.66

165.27%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

6/7/23

6/6/23

% Change

Change

5/9/23

% Change

6/7/22

% Change

 

 

Mt. Belvieu Propane LST

Jul-23

$0.625

$0.598

4.59%

$0.03

$0.70

-10.67%

$1.07

-41.37%

 

 

Mt. Belvieu Propane non LST

Jul-23

$0.625

$0.595

5.05%

$0.03

$0.70

-10.49%

$1.04

-39.91%

 

 

Mt. Belview Ethane

Jul-23

$0.195

$0.197

-0.63%

$0.00

$0.20

-1.04%

$0.36

-45.01%

 

 

Mt. Belview Nat. Gasoline

Jul-23

$1.406

$1.370

2.63%

$0.04

$1.42

-0.93%

$1.94

-27.33%

 

 

Mt. Belvieu Butane LST

Jul-23

$0.666

$0.650

2.41%

$0.02

$0.76

-12.70%

$1.22

-45.32%

 

 

Conway Propane

Jul-23

$0.610

$0.605

0.83%

$0.01

$0.69

-11.86%

$1.07

-42.82%

 

 

Conway Nat. Gasoline

Jul-23

$1.474

$1.446

1.96%

$0.03

$1.43

3.36%

$1.93

-23.56%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

6/7/23

6/6/23

% Change

Change

5/9/23

% Change

6/7/22

% Change

 

 

WTI

Jul-23

$72.53

$71.74

1.09%

$0.79

$73.62

-1.48%

$96.43

-24.78%

 

 

Brent

Jul-23

$77.06

$76.43

0.81%

$0.62

$77.44

-0.50%

$101.25

-23.90%

 

 

WCS

Jul-23

-$12.55

-$12.65

-0.79%

$0.10

-$13.21

-4.97%

-$17.10

-26.62%

 

 

LLS

Jul-23

$75.05

$74.17

1.17%

$0.88

$75.34

-0.39%

$95.68

-21.56%

 

 

Mars

Jul-23

$72.08

$71.05

1.43%

$1.03

$71.67

0.57%

$92.51

-22.08%

 

 

Sour

Jul-23

$72.17

$71.25

1.28%

$0.92

$72.47

-0.41%

$95.32

-24.28%

 

 

ESPO

Jul-23

$76.29

$75.65

0.84%

$0.64

$76.22

0.10%

$95.93

-20.47%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

6/7/23

6/6/23

% Change

Change

5/9/23

% Change

6/7/22

% Change

 

 

NY Heating Oil

Jul-23

$2.40

$2.37

1.56%

$0.04

$2.39

0.63%

$3.20

-25.05%

 

 

NY Gasoline

Jul-23

$2.62

$2.55

2.55%

$0.07

$2.38

10.19%

$2.86

-8.43%

 

 

GC Gasoline

Jul-23

$2.52

$2.45

2.65%

$0.06

$2.28

10.63%

$2.76

-8.74%

 

 

GC Jet

Jul-23

$2.29

$2.25

1.51%

$0.03

$2.24

1.96%

$2.96

-22.80%

 

 

Chicago Ethanol

Jul-23

$2.37

$2.40

-1.13%

-$0.03

$2.29

3.31%

$2.51

-5.47%

 

 

Rotterdam Gasoil

Jul-23

$657.24

$649.40

1.21%

$7.84

$647.07

1.57%

$864.41

-23.97%

 

 

Singapore Jet Kero

Jul-23

$90.83

$88.84

2.24%

$1.99

$91.31

-0.53%

$117.67

-22.81%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

6/7/23

6/6/23

% Change

Change

5/9/23

% Change

6/7/22

% Change

 

 

Henry Hub Straddle

Jul-23

63.42%

66.74%

-4.97%

-3.32%

63.54%

-0.19%

47.44%

33.68%

 

 

Algonquin Straddle

Jul-23

51.36%

57.91%

-11.31%

-6.55%

131.40%

-60.91%

49.60%

3.55%

 

 

Waha Straddle

Jul-23

99.03%

104.94%

-5.63%

-5.91%

110.98%

-10.77%

69.51%

42.47%

 

 

Chicago Straddle

Jul-23

65.88%

67.29%

-2.10%

-1.41%

68.83%

-4.29%

48.37%

36.20%

 

 

PJM West Straddle

Jul-23

83.13%

80.72%

2.99%

2.41%

75.60%

9.96%

58.46%

42.20%

 

 

SP – 15 Straddle

Jul-23

181.78%

173.06%

5.04%

8.72%

133.25%

36.42%

73.20%

148.33%

 

 

Mid. C Straddle

Jul-23

257.26%

252.64%

1.83%

4.62%

180.77%

42.31%

96.26%

167.26%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

6/7/23

6/6/23

% Change

Change

5/9/23

% Change

6/7/22

% Change

 

 

Dutch TTF

Jul-23

EUR 26.75

EUR 25.50

4.90%

EUR 1.25

EUR 36.60

-26.92%

EUR 75.41

-64.53%

 

 

NBP

Jul-23

GBP 62.96

GBP 60.89

3.40%

GBP 2.07

GBP 83.09

-24.23%

GBP 174.84

-63.99%

 

 

German Base

Jul-23

EUR 88.25

EUR 88.58

-0.38%

-EUR 0.33

EUR 98.30

-10.23%

EUR 207.57

-57.48%

 

 

UK Base

Jul-23

GBP 79.41

GBP 79.78

-0.47%

-GBP 0.38

GBP 92.49

-14.15%

GBP 166.96

-52.44%

 

 

French Base

Jul-23

EUR 83.97

EUR 78.04

7.59%

EUR 5.93

EUR 104.65

-19.76%

EUR 192.29

-56.33%

 

 

Italian Base

Jul-23

EUR 103.36

EUR 104.19

-0.79%

-EUR 0.83

EUR 130.82

-20.99%

EUR 188.94

-45.29%

 

 

JKM LNG

Jul-23

$9.61

$8.34

15.20%

$1.27

$10.80

-10.99%

$24.98

-61.53%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

06/03/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

13

9

-1

17

9

-24

NA

NA

 

 

Middle Atlantic

16

3

-16

30

1

-32

NA

NA

 

 

E N Central

44

23

9

57

-4

-42

NA

NA

 

 

W N Central

51

23

22

114

28

10

NA

NA

 

 

South Atlantic

46

-11

-30

438

53

-67

14.00%

-13.00%

 

 

E S Central

48

-1

-13

234

20

-58

9.00%

-20.00%

 

 

W S Central

76

-4

-23

521

59

-128

13.00%

-20.00%

 

 

Mountain

22

-13

-7

117

-43

-52

-27.00%

-31.00%

 

 

Pacific

0

-14

-5

22

-41

-7

NA

NA

 

 

United States

35

0

-9

187

9

-47

5.00%

-20.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

06/03/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

28

-6

9

5,677

-881

-250

-13.00%

-4.00%

 

 

Middle Atlantic

9

-15

7

5,052

-829

-154

-14.00%

-3.00%

 

 

E N Central

5

-23

-6

5,801

-657

-89

-10.00%

-1.00%

 

 

W N Central

3

-22

-16

6,518

-193

163

-3.00%

3.00%

 

 

South Atlantic

6

1

5

2,429

-419

16

-15.00%

1.00%

 

 

E S Central

6

-1

5

3,097

-503

-37

-14.00%

-1.00%

 

 

W S Central

0

-1

0

2,100

-186

154

-8.00%

8.00%

 

 

Mountain

23

-10

-18

5,464

324

720

6.00%

15.00%

 

 

Pacific

37

9

11

3,582

418

592

13.00%

20.00%

 

 

United States

12

-7

1

4,168

-325

119

-7.00%

3.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical 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.