Morning Report: Gas * Power * NGL * Crude * Products * Vols — Mar-16-2023

Mar 16, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:47 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.475

$2.439

1.48%

$0.036

27,037

 

 

WTI

$66.47

$67.61

-1.69%

-$1.14

117,441

 

 

Brent

$72.60

$73.69

-1.48%

-$1.09

10,369

 

 

ULSD

$2.510

$2.605

-3.63%

-$0.095

10,613

 

 

RBOB

$2.395

$2.438

-1.77%

-$0.043

6,173

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.98

$5.95

0.50%

$0.03

May-23

 

 

3:2:1 Crack

$33.86

$35.08

-3.49%

-$1.23

Apr-23

 

 

PJM West Spark

$30.95

$31.55

-1.90%

-$0.60

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

3/15/23

3/14/23

% Change

Change

2/14/23

% Change

3/15/22

% Change

 

 

PJM West On Peak

Apr-23

$36.24

$36.77

-1.45%

-$0.53

$39.82

-9.00%

$47.58

-23.85%

 

 

ERCOT North On Peak

Apr-23

$32.90

$33.77

-2.56%

-$0.86

$35.17

-6.44%

$43.23

-23.89%

 

 

CAISO SP 15 On Peak

Apr-23

$38.99

$39.50

-1.28%

-$0.51

$36.39

7.15%

$28.12

38.65%

 

 

MISO Indiana On Peak

Apr-23

$38.29

$38.91

-1.59%

-$0.62

$43.41

-11.80%

$48.62

-21.26%

 

 

NEISO Mass On Peak

Apr-23

$40.45

$41.36

-2.20%

-$0.91

$47.48

-14.80%

$51.34

-21.21%

 

 

WECC Mid C On Peak

Apr-23

$69.88

$70.79

-1.28%

-$0.91

$66.14

5.66%

$30.58

128.54%

 

 

NYISO Zone G On Peak

Apr-23

$36.57

$36.83

-0.71%

-$0.26

$41.71

-12.31%

$42.08

-13.10%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

3/15/23

3/14/23

% Change

Change

2/14/23

% Change

3/15/22

% Change

 

 

NYMEX Henry Hub

Apr-23

$2.439

$2.573

-5.21%

-$0.13

$2.65

-8.03%

$3.56

-31.49%

 

 

Houston Ship Channel

Apr-23

-$0.281

-$0.281

-0.14%

$0.00

-$0.25

13.18%

-$0.16

74.52%

 

 

Chicago

Apr-23

$0.021

$0.036

67.29%

-$0.01

$0.05

-55.04%

-$0.16

-113.04%

 

 

Waha

Apr-23

-$1.622

-$1.743

-6.98%

$0.12

-$1.24

30.99%

-$2.09

-22.26%

 

 

Algonquin

Apr-23

$0.289

$0.338

-14.46%

-$0.05

$0.58

-49.97%

$0.47

-37.98%

 

 

Aeco

Apr-23

-$0.426

-$0.494

-13.79%

$0.07

-$0.57

-25.84%

-$0.89

-52.44%

 

 

Socal

Apr-23

$0.662

$0.772

-14.32%

-$0.11

$0.37

79.57%

-$0.48

-238.52%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

3/15/23

3/14/23

% Change

Change

2/14/23

% Change

3/15/22

% Change

 

 

Mt. Belvieu Propane LST

Apr-23

$0.700

$0.757

-7.60%

-$0.06

$0.83

-15.42%

$0.96

-27.14%

 

 

Mt. Belvieu Propane non LST

Apr-23

$0.715

$0.779

-8.24%

-$0.06

$0.83

-13.94%

$0.96

-25.33%

 

 

Mt. Belview Ethane

Apr-23

$0.243

$0.231

5.56%

$0.01

$0.24

3.58%

$0.30

-19.36%

 

 

Mt. Belview Nat. Gasoline

Apr-23

$1.541

$1.537

0.21%

$0.00

$1.68

-8.16%

$1.72

-10.22%

 

 

Mt. Belvieu Butane LST

Apr-23

$0.942

$0.926

1.71%

$0.02

$1.04

-9.03%

$1.19

-20.71%

 

 

Conway Propane

Apr-23

$0.672

$0.730

-7.93%

-$0.06

$0.79

-14.94%

$0.92

-27.26%

 

 

Conway Nat. Gasoline

Apr-23

$1.549

$1.540

0.57%

$0.01

$1.71

-9.16%

$1.75

-11.36%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

3/15/23

3/14/23

% Change

Change

2/14/23

% Change

3/15/22

% Change

 

 

WTI

May-23

$67.74

$71.49

-5.54%

-$3.75

$79.40

-14.69%

$80.15

-15.48%

 

 

Brent

May-23

$73.69

$77.45

-5.10%

-$3.76

$85.30

-13.61%

$85.77

-14.08%

 

 

WCS

May-23

-$15.25

-$15.52

-1.83%

$0.28

-$17.40

-12.38%

-$13.44

13.44%

 

 

LLS

May-23

$70.20

$74.16

-5.63%

-$3.95

$81.95

-14.33%

$81.74

-14.11%

 

 

Mars

May-23

$67.79

$70.58

-4.12%

-$2.79

$77.37

-12.39%

$73.46

-7.72%

 

 

Sour

May-23

$66.80

$70.39

-5.38%

-$3.59

$77.64

-13.96%

$74.45

-10.27%

 

 

ESPO

May-23

$71.32

$75.33

-5.63%

-$4.02

$82.72

-13.78%

$80.84

-11.78%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

3/15/23

3/14/23

% Change

Change

2/14/23

% Change

3/15/22

% Change

 

 

NY Heating Oil

Apr-23

$2.61

$2.72

-3.98%

-$0.11

$2.89

-9.82%

$2.50

4.45%

 

 

NY Gasoline

Apr-23

$2.44

$2.56

-4.73%

-$0.12

$2.69

-9.43%

$2.39

2.01%

 

 

GC Gasoline

Apr-23

$2.34

$2.46

-4.92%

-$0.12

$2.59

-9.80%

$2.29

2.10%

 

 

GC Jet

Apr-23

$2.34

$2.29

2.18%

$0.05

$2.64

-11.43%

$2.41

-2.94%

 

 

Chicago Ethanol

Apr-23

$2.18

$2.19

-0.46%

-$0.01

$2.19

-0.46%

$1.84

18.56%

 

 

Rotterdam Gasoil

Apr-23

$681.55

$740.00

-7.90%

-$58.45

$784.95

-13.17%

$675.84

0.85%

 

 

Singapore Jet Kero

Apr-23

$95.30

$101.22

-5.85%

-$5.92

$105.64

-9.79%

$90.51

5.30%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

3/15/23

3/14/23

% Change

Change

2/14/23

% Change

3/15/22

% Change

 

 

Henry Hub Straddle

Apr-23

83.95%

81.16%

3.44%

2.79%

85.39%

-1.69%

42.84%

95.96%

 

 

Algonquin Straddle

Apr-23

79.44%

67.14%

18.32%

12.30%

80.80%

-1.68%

49.43%

60.71%

 

 

Waha Straddle

Apr-23

143.55%

159.30%

-9.89%

-15.75%

285.30%

-49.68%

115.85%

23.91%

 

 

Chicago Straddle

Apr-23

86.79%

80.50%

7.81%

6.29%

87.50%

-0.81%

46.63%

86.12%

 

 

PJM West Straddle

Apr-23

72.44%

74.10%

-2.24%

-1.66%

71.92%

0.72%

45.07%

60.73%

 

 

SP – 15 Straddle

Apr-23

100.28%

99.97%

0.31%

0.31%

110.51%

-9.26%

22.05%

354.78%

 

 

Mid. C Straddle

Apr-23

156.71%

152.20%

2.96%

4.51%

135.47%

15.68%

34.70%

351.61%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

3/15/23

3/14/23

% Change

Change

2/14/23

% Change

3/15/22

% Change

 

 

Dutch TTF

Apr-23

EUR 43.75

EUR 44.60

-1.91%

-EUR 0.85

EUR 52.90

-17.30%

EUR 65.53

-33.24%

 

 

NBP

Apr-23

GBP 108.24

GBP 112.00

-3.36%

-GBP 3.76

GBP 130.96

-17.35%

GBP 175.83

-38.44%

 

 

German Base

Apr-23

EUR 104.00

EUR 110.14

-5.58%

-EUR 6.14

EUR 127.45

-18.40%

EUR 153.66

-32.32%

 

 

UK Base

Apr-23

GBP 115.89

GBP 116.01

-0.11%

-GBP 0.13

GBP 138.04

-16.05%

GBP 139.90

-17.16%

 

 

French Base

Apr-23

EUR 114.57

EUR 123.03

-6.88%

-EUR 8.47

EUR 144.78

-20.87%

EUR 151.28

-24.27%

 

 

Italian Base

Apr-23

EUR 128.87

EUR 132.88

-3.01%

-EUR 4.00

EUR 156.11

-17.45%

EUR 157.10

-17.97%

 

 

JKM LNG

Apr-23

$13.60

$12.70

7.12%

$0.90

$15.30

-11.13%

$21.72

-37.40%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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