Morning Report: Gas * Power * NGL * Crude * Products * Vols — Mar-15-2023

Mar 15, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 9:49 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.451

$2.573

-4.74%

-$0.122

41,573

 

 

WTI

$68.48

$71.33

-4.00%

-$2.85

267,900

 

 

Brent

$74.51

$77.45

-3.80%

-$2.94

24,108

 

 

ULSD

$2.645

$2.714

-2.55%

-$0.069

20,994

 

 

RBOB

$2.471

$2.553

-3.23%

-$0.083

16,427

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.91

$5.96

-0.84%

-$0.05

May-23

 

 

3:2:1 Crack

$35.64

$36.26

-1.73%

-$0.63

Apr-23

 

 

PJM West Spark

$31.53

$31.54

-0.03%

-$0.01

Apr-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

03/10/23

746

-3

83

03/11/22

 

 

Canada

03/10/23

223

-23

17

03/11/22

 

 

International

Feb

915

14

102

Feb

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 1/31/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

96,478

95,976

96,327

-351

 

 

PJM West Off Peak

87,750

87,297

87,608

-311

 

 

Natural Gas Henry Hub

436,516

415,851

425,855

-10,004

 

 

WTI – Light Sweet Crude Futures

154,980

120,158

125,414

-5,256

 

 

Brent Crude Last Day

163,764

155,271

159,264

-3,993

 

 

NYM Ethanol

28,226

27,403

27,641

-238

 

 

Mt Belvieu LDH Propane Swap

148,068

146,228

147,180

-952

 

 

RBOB

314,963

293,477

303,106

-9,629

 

 

HSC Basis

558,418

552,342

549,508

2,834

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

03/09/18

 

 

 

3/3/23

2/24/23

Net Change

% Change

3/4/22

% Change

5 Year Avg.

% Change

 

 

East

416

451

-35

-7.76%

317

31.23%

334

24.63%

 

 

Midwest

515

544

-29

-5.33%

364

41.48%

394

30.71%

 

 

Mountain

92

99

-7

-7.07%

93

-1.08%

92

-0.43%

 

 

Pacific

81

99

-18

-18.18%

162

-50.00%

168

-51.67%

 

 

South

925

922

3

0.33%

582

58.93%

627

47.62%

 

 

    Salt

261

261

0

0.00%

151

72.85%

175

48.80%

 

 

    Non_Salt

664

661

3

0.45%

431

54.06%

451

47.16%

 

 

Total

2,030

2,114

-84

-3.97%

1,519

33.64%

1,615

25.73%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

3/14/23

3/13/23

% Change

Change

2/13/23

% Change

3/14/22

% Change

 

 

PJM West On Peak

Apr-23

$36.77

$37.05

-0.76%

-$0.28

$37.15

-1.04%

$47.55

-22.67%

 

 

ERCOT North On Peak

Apr-23

$33.77

$33.62

0.44%

$0.15

$33.21

1.68%

$43.57

-22.50%

 

 

CAISO SP 15 On Peak

Apr-23

$39.50

$38.64

2.23%

$0.86

$35.46

11.38%

$27.76

42.28%

 

 

MISO Indiana On Peak

Apr-23

$38.91

$39.30

-1.01%

-$0.40

$40.42

-3.74%

$48.59

-19.93%

 

 

NEISO Mass On Peak

Apr-23

$41.36

$41.54

-0.42%

-$0.18

$43.00

-3.82%

$49.40

-16.27%

 

 

WECC Mid C On Peak

Apr-23

$70.79

$75.45

-6.18%

-$4.66

$62.28

13.67%

$30.54

131.82%

 

 

NYISO Zone G On Peak

Apr-23

$36.83

$38.11

-3.34%

-$1.27

$37.58

-1.99%

$40.40

-8.82%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

3/14/23

3/13/23

% Change

Change

2/13/23

% Change

3/14/22

% Change

 

 

NYMEX Henry Hub

Apr-23

$2.573

$2.606

-1.27%

-$0.03

$2.50

2.96%

$3.60

-28.51%

 

 

Houston Ship Channel

Apr-23

-$0.281

-$0.271

3.57%

-$0.01

-$0.25

10.36%

-$0.17

62.26%

 

 

Chicago

Apr-23

$0.036

$0.030

-15.92%

$0.01

$0.06

-36.97%

-$0.16

-121.90%

 

 

Waha

Apr-23

-$1.743

-$1.788

-2.52%

$0.05

-$1.25

39.20%

-$2.08

-16.36%

 

 

Algonquin

Apr-23

$0.338

$0.318

6.42%

$0.02

$0.56

-39.91%

$0.52

-34.79%

 

 

Aeco

Apr-23

-$0.494

-$0.440

12.33%

-$0.05

-$0.51

-2.87%

-$0.86

-42.49%

 

 

Socal

Apr-23

$0.772

$0.743

3.89%

$0.03

$0.33

135.39%

-$0.47

-262.59%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

3/14/23

3/13/23

% Change

Change

2/13/23

% Change

3/14/22

% Change

 

 

Mt. Belvieu Propane LST

Apr-23

$0.757

$0.787

-3.81%

-$0.03

$0.83

-8.75%

$0.98

-22.50%

 

 

Mt. Belvieu Propane non LST

Apr-23

$0.779

$0.781

-0.24%

$0.00

$0.83

-6.18%

$0.99

-21.10%

 

 

Mt. Belview Ethane

Apr-23

$0.231

$0.230

0.32%

$0.00

$0.24

-2.90%

$0.32

-28.58%

 

 

Mt. Belview Nat. Gasoline

Apr-23

$1.537

$1.576

-2.48%

-$0.04

$1.65

-6.86%

$1.92

-20.01%

 

 

Mt. Belvieu Butane LST

Apr-23

$0.926

$0.950

-2.51%

-$0.02

$1.03

-10.20%

$1.24

-25.11%

 

 

Conway Propane

Apr-23

$0.730

$0.745

-2.01%

-$0.02

$0.80

-8.29%

$0.94

-22.56%

 

 

Conway Nat. Gasoline

Apr-23

$1.540

$1.588

-3.00%

-$0.05

$1.68

-8.48%

$1.90

-19.00%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

3/14/23

3/13/23

% Change

Change

2/13/23

% Change

3/14/22

% Change

 

 

WTI

May-23

$71.49

$74.91

-4.78%

-$3.42

$80.45

-11.14%

$81.88

-12.69%

 

 

Brent

May-23

$77.45

$80.77

-4.29%

-$3.32

$86.23

-10.18%

$87.42

-11.40%

 

 

WCS

May-23

-$15.52

-$15.85

-2.11%

$0.33

-$17.56

-11.58%

-$13.23

17.34%

 

 

LLS

May-23

$74.16

$76.93

-3.75%

-$2.78

$82.26

-9.85%

$83.54

-11.23%

 

 

Mars

May-23

$70.58

$73.82

-4.60%

-$3.24

$77.27

-8.66%

$80.43

-12.25%

 

 

Sour

May-23

$70.39

$72.86

-3.51%

-$2.47

$77.28

-8.92%

$81.40

-13.53%

 

 

ESPO

May-23

$75.33

$77.79

-3.26%

-$2.45

$82.71

-8.92%

$87.75

-14.14%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

3/14/23

3/13/23

% Change

Change

2/13/23

% Change

3/14/22

% Change

 

 

NY Heating Oil

Apr-23

$2.72

$2.76

-1.67%

-$0.05

$2.85

-4.80%

$2.62

3.78%

 

 

NY Gasoline

Apr-23

$2.56

$2.58

-0.62%

-$0.02

$2.71

-5.64%

$2.49

2.98%

 

 

GC Gasoline

Apr-23

$2.46

$2.48

-0.65%

-$0.02

$2.61

-5.86%

$2.39

3.10%

 

 

GC Jet

Apr-23

$2.29

$2.46

-6.80%

-$0.17

$2.60

-11.89%

$2.44

-6.34%

 

 

Chicago Ethanol

Apr-23

$2.19

$2.18

0.46%

$0.01

$2.23

-1.70%

$2.04

7.65%

 

 

Rotterdam Gasoil

Apr-23

$740.00

$727.96

1.65%

$12.04

$762.68

-2.97%

$718.12

3.05%

 

 

Singapore Jet Kero

Apr-23

$101.22

$102.80

-1.53%

-$1.58

$102.68

-1.42%

$96.73

4.65%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

3/14/23

3/13/23

% Change

Change

2/13/23

% Change

3/14/22

% Change

 

 

Henry Hub Straddle

Apr-23

81.16%

77.50%

4.72%

3.66%

95.59%

-15.10%

42.52%

90.87%

 

 

Algonquin Straddle

Apr-23

67.14%

62.06%

8.19%

5.08%

93.21%

-27.97%

49.84%

34.71%

 

 

Waha Straddle

Apr-23

159.30%

149.72%

6.40%

9.58%

324.45%

-50.90%

107.67%

47.95%

 

 

Chicago Straddle

Apr-23

80.50%

75.22%

7.02%

5.28%

97.17%

-17.16%

45.37%

77.43%

 

 

PJM West Straddle

Apr-23

74.10%

77.30%

-4.14%

-3.20%

75.28%

-1.57%

44.93%

64.92%

 

 

SP – 15 Straddle

Apr-23

99.97%

109.83%

-8.98%

-9.86%

82.70%

20.88%

21.99%

354.62%

 

 

Mid. C Straddle

Apr-23

152.20%

189.38%

-19.63%

-37.18%

138.67%

9.76%

34.36%

342.96%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

3/14/23

3/13/23

% Change

Change

2/13/23

% Change

3/14/22

% Change

 

 

Dutch TTF

Apr-23

EUR 44.60

EUR 48.80

-8.61%

-EUR 4.20

EUR 51.90

-14.07%

EUR 66.58

-33.01%

 

 

NBP

Apr-23

GBP 112.00

GBP 123.95

-9.64%

-GBP 11.95

GBP 129.50

-13.51%

GBP 178.18

-37.14%

 

 

German Base

Apr-23

EUR 110.14

EUR 125.00

-11.88%

-EUR 14.86

EUR 127.27

-13.46%

EUR 155.37

-29.11%

 

 

UK Base

Apr-23

GBP 116.01

GBP 126.34

-8.17%

-GBP 10.33

GBP 132.53

-12.46%

GBP 121.51

-4.53%

 

 

French Base

Apr-23

EUR 123.03

EUR 137.36

-10.43%

-EUR 14.32

EUR 143.65

-14.35%

EUR 156.93

-21.60%

 

 

Italian Base

Apr-23

EUR 132.88

EUR 146.51

-9.30%

-EUR 13.63

EUR 147.22

-9.74%

EUR 173.21

-23.29%

 

 

JKM LNG

Apr-23

$12.70

$13.88

-8.50%

-$1.18

$15.32

-17.13%

$22.28

-43.03%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

03/11/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

0

0

0

NA

NA

 

 

Middle Atlantic

0

0

0

0

0

0

NA

NA

 

 

E N Central

0

-1

0

0

-1

0

NA

NA

 

 

W N Central

0

-1

0

0

-1

0

NA

NA

 

 

South Atlantic

17

7

-5

108

29

21

NA

NA

 

 

E S Central

1

-3

-3

18

1

10

NA

NA

 

 

W S Central

23

14

13

80

36

49

NA

NA

 

 

Mountain

0

-1

0

0

-6

-1

NA

NA

 

 

Pacific

0

-1

0

0

-4

0

NA

NA

 

 

United States

6

3

0

30

8

10

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

03/11/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

202

-23

8

4,382

-746

-288

-15.00%

-6.00%

 

 

Middle Atlantic

195

-11

30

3,978

-684

-146

-15.00%

-4.00%

 

 

E N Central

190

-26

-6

4,564

-618

-124

-12.00%

-3.00%

 

 

W N Central

209

-7

-54

5,242

-268

176

-5.00%

3.00%

 

 

South Atlantic

76

-21

21

1,983

-407

-13

-17.00%

-1.00%

 

 

E S Central

80

-37

2

2,517

-526

-93

-17.00%

-4.00%

 

 

W S Central

32

-39

-59

1,789

-239

85

-12.00%

5.00%

 

 

Mountain

180

26

-44

4,312

231

572

6.00%

15.00%

 

 

Pacific

147

48

23

2,686

273

404

11.00%

18.00%

 

 

United States

140

-9

-2

3,297

-330

58

-9.00%

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_20230315.pdf