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

May 8, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:34 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.198

$2.137

2.85%

$0.061

34,098

 

 

WTI

$73.40

$71.34

2.89%

$2.06

115,588

 

 

Brent

$77.15

$75.30

2.46%

$1.85

7,278

 

 

ULSD

$2.367

$2.315

2.26%

$0.052

6,712

 

 

RBOB

$2.437

$2.379

2.44%

$0.058

7,492

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.88

$4.03

-3.72%

-$0.15

Jul-23

 

 

3:2:1 Crack

$27.15

$26.85

1.08%

$0.29

Jun-23

 

 

PJM West Spark

$33.51

$33.64

-0.39%

-$0.13

Jun-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

05/05/23

748

-7

43

05/06/22

 

 

Canada

04/28/23

93

0

2

05/06/22

 

 

International

Apr

947

17

141

Apr

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 5/2/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

104,388

102,864

103,438

-574

 

 

PJM West Off Peak

89,527

88,246

88,536

-290

 

 

Natural Gas Henry Hub

445,841

417,862

432,263

-14,401

 

 

WTI – Light Sweet Crude Futures

265,282

196,694

192,257

4,437

 

 

Brent Crude Last Day

129,626

118,746

123,632

-4,886

 

 

NYM Ethanol

30,674

30,133

30,168

-35

 

 

Mt Belvieu LDH Propane Swap

152,900

151,647

152,341

-694

 

 

RBOB

294,956

273,509

280,094

-6,585

 

 

HSC Basis

578,231

570,759

566,644

4,115

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

05/04/18

 

 

 

4/28/23

4/21/23

Net Change

% Change

4/29/22

% Change

5 Year Avg.

% Change

 

 

East

410

390

20

5.13%

253

62.06%

310

32.17%

 

 

Midwest

481

468

13

2.78%

324

48.46%

369

30.35%

 

 

Mountain

95

90

5

5.56%

92

3.26%

99

-4.43%

 

 

Pacific

100

90

10

11.11%

176

-43.18%

197

-49.24%

 

 

South

977

971

6

0.62%

721

35.51%

789

23.83%

 

 

    Salt

278

275

3

1.09%

233

19.31%

253

9.79%

 

 

    Non_Salt

699

695

4

0.58%

489

42.94%

536

30.41%

 

 

Total

2,063

2,009

54

2.69%

1,567

31.65%

1,765

16.91%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

5/5/23

5/4/23

% Change

Change

4/6/23

% Change

5/5/22

% Change

 

 

PJM West On Peak

Jun-23

$38.21

$38.21

0.00%

$0.00

$41.35

-7.58%

$68.33

-44.08%

 

 

ERCOT North On Peak

Jun-23

$45.73

$44.40

2.98%

$1.32

$45.17

1.23%

$65.42

-30.10%

 

 

CAISO SP 15 On Peak

Jun-23

$49.99

$47.59

5.03%

$2.40

$50.73

-1.46%

$63.51

-21.29%

 

 

MISO Indiana On Peak

Jun-23

$41.14

$41.05

0.22%

$0.09

$45.06

-8.71%

$69.11

-40.48%

 

 

NEISO Mass On Peak

Jun-23

$47.31

$47.21

0.23%

$0.11

$38.43

23.13%

$59.27

-20.18%

 

 

WECC Mid C On Peak

Jun-23

$55.60

$44.83

24.03%

$10.77

$64.43

-13.70%

$46.32

20.04%

 

 

NYISO Zone G On Peak

Jun-23

$41.38

$41.19

0.45%

$0.18

$39.60

4.50%

$57.69

-28.28%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

5/5/23

5/4/23

% Change

Change

4/6/23

% Change

5/5/22

% Change

 

 

NYMEX Henry Hub

Jun-23

$2.137

$2.101

1.71%

$0.04

$2.24

-4.51%

$4.91

-56.48%

 

 

Houston Ship Channel

Jun-23

-$0.220

-$0.212

4.21%

-$0.01

-$0.22

0.41%

-$0.19

17.55%

 

 

Chicago

Jun-23

-$0.238

-$0.214

-10.21%

-$0.02

-$0.05

388.91%

-$0.29

-18.35%

 

 

Waha

Jun-23

-$1.231

-$1.158

-6.29%

-$0.07

-$1.71

-28.08%

-$2.12

-41.90%

 

 

Algonquin

Jun-23

$1.162

$0.984

18.09%

$0.18

-$0.06

-1996.25%

-$0.77

-251.81%

 

 

Aeco

Jun-23

-$0.868

-$0.810

7.20%

-$0.06

-$0.62

39.03%

-$1.20

-27.72%

 

 

Socal

Jun-23

$0.205

$0.265

-22.55%

-$0.06

$0.84

-75.47%

-$0.37

-155.11%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

5/5/23

5/4/23

% Change

Change

4/6/23

% Change

5/5/22

% Change

 

 

Mt. Belvieu Propane LST

Jun-23

$0.695

$0.670

3.73%

$0.02

$0.83

-15.88%

$1.02

-31.88%

 

 

Mt. Belvieu Propane non LST

Jun-23

$0.685

$0.667

2.62%

$0.02

$0.83

-17.28%

$1.02

-33.00%

 

 

Mt. Belview Ethane

Jun-23

$0.196

$0.201

-2.41%

$0.00

$0.21

-6.10%

$0.37

-47.31%

 

 

Mt. Belview Nat. Gasoline

Jun-23

$1.366

$1.361

0.36%

$0.00

$1.58

-13.62%

$1.93

-29.16%

 

 

Mt. Belvieu Butane LST

Jun-23

$0.746

$0.717

3.97%

$0.03

$0.95

-21.75%

$1.17

-36.45%

 

 

Conway Propane

Jun-23

$0.687

$0.653

5.36%

$0.03

$0.81

-15.39%

$1.01

-32.10%

 

 

Conway Nat. Gasoline

Jun-23

$1.407

$1.413

-0.43%

-$0.01

$1.59

-11.72%

$1.88

-25.30%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

5/5/23

5/4/23

% Change

Change

4/6/23

% Change

5/5/22

% Change

 

 

WTI

Jun-23

$71.34

$68.56

3.90%

$2.78

$80.68

-11.58%

$89.41

-20.21%

 

 

Brent

Jun-23

$75.43

$72.61

3.74%

$2.82

$85.12

-11.38%

$94.35

-20.05%

 

 

WCS

Jun-23

-$14.50

-$15.70

-8.29%

$1.20

-$15.00

-3.31%

-$15.10

-3.95%

 

 

LLS

Jun-23

$73.41

$70.54

3.91%

$2.87

$82.05

-10.53%

$90.14

-18.56%

 

 

Mars

Jun-23

$69.15

$66.17

4.32%

$2.99

$78.55

-11.96%

$87.48

-20.95%

 

 

Sour

Jun-23

$70.39

$67.24

4.47%

$3.15

$79.12

-11.04%

$90.77

-22.46%

 

 

ESPO

Jun-23

$74.78

$71.75

4.04%

$3.02

$83.25

-10.18%

$92.19

-18.89%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

5/5/23

5/4/23

% Change

Change

4/6/23

% Change

5/5/22

% Change

 

 

NY Heating Oil

Jun-23

$2.32

$2.23

3.76%

$0.08

$2.62

-11.45%

$3.02

-23.24%

 

 

NY Gasoline

Jun-23

$2.38

$2.29

3.84%

$0.09

$2.74

-13.10%

$2.84

-16.24%

 

 

GC Gasoline

Jun-23

$2.28

$2.19

4.01%

$0.09

$2.64

-13.59%

$2.74

-16.84%

 

 

GC Jet

Jun-23

$2.14

$2.06

3.79%

$0.08

$2.44

-12.35%

$2.94

-27.24%

 

 

Chicago Ethanol

Jun-23

$2.37

$2.35

0.64%

$0.02

$2.38

-0.55%

$2.55

-7.18%

 

 

Rotterdam Gasoil

Jun-23

$627.00

$606.33

3.41%

$20.67

$728.47

-13.93%

$835.78

-24.98%

 

 

Singapore Jet Kero

Jun-23

$86.36

$85.28

1.26%

$1.08

$102.17

-15.47%

$111.28

-22.40%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

5/5/23

5/4/23

% Change

Change

4/6/23

% Change

5/5/22

% Change

 

 

Henry Hub Straddle

Jun-23

64.26%

68.63%

-6.37%

-4.37%

93.58%

-31.33%

42.73%

50.39%

 

 

Algonquin Straddle

Jun-23

149.96%

156.05%

-3.90%

-6.09%

98.02%

52.99%

52.85%

183.75%

 

 

Waha Straddle

Jun-23

185.34%

209.51%

-11.54%

-24.17%

248.22%

-25.33%

88.62%

109.14%

 

 

Chicago Straddle

Jun-23

67.53%

73.44%

-8.05%

-5.91%

93.55%

-27.81%

46.42%

45.48%

 

 

PJM West Straddle

Jun-23

72.41%

72.47%

-0.08%

-0.06%

76.24%

-5.02%

54.99%

31.68%

 

 

SP – 15 Straddle

Jun-23

175.25%

192.57%

-8.99%

-17.32%

157.91%

10.98%

56.01%

212.89%

 

 

Mid. C Straddle

Jun-23

284.06%

240.34%

18.19%

43.72%

179.83%

57.96%

79.80%

255.96%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

5/5/23

5/4/23

% Change

Change

4/6/23

% Change

5/5/22

% Change

 

 

Dutch TTF

Jun-23

EUR 35.85

EUR 35.78

0.20%

EUR 0.07

EUR 43.63

-17.83%

EUR 79.95

-55.16%

 

 

NBP

Jun-23

GBP 81.84

GBP 80.85

1.22%

GBP 0.99

GBP 105.96

-22.76%

GBP 176.40

-53.60%

 

 

German Base

Jun-23

EUR 92.54

EUR 92.59

-0.05%

-EUR 0.04

EUR 116.88

-20.83%

EUR 190.46

-51.41%

 

 

UK Base

Jun-23

GBP 89.31

GBP 87.05

2.59%

GBP 2.25

GBP 111.24

-19.72%

GBP 171.85

-48.03%

 

 

French Base

Jun-23

EUR 92.90

EUR 92.50

0.43%

EUR 0.40

EUR 124.42

-25.33%

EUR 179.09

-48.13%

 

 

Italian Base

Jun-23

EUR 120.52

EUR 119.65

0.73%

EUR 0.87

EUR 144.72

-16.72%

EUR 199.27

-39.52%

 

 

JKM LNG

Jun-23

$11.47

$10.59

8.40%

$0.89

$12.77

-10.18%

$24.50

-53.17%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

05/06/2023

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

-1

0

9

8

8

NA

NA

 

 

E N Central

0

-3

0

4

-1

-1

NA

NA

 

 

W N Central

4

-2

4

8

-6

2

NA

NA

 

 

South Atlantic

18

-8

-30

262

57

-6

28.00%

-2.00%

 

 

E S Central

6

-10

-34

53

-18

-28

NA

NA

 

 

W S Central

42

4

-17

256

48

-26

23.00%

-9.00%

 

 

Mountain

10

-3

-4

34

-27

-26

NA

NA

 

 

Pacific

0

-6

0

1

-24

-6

NA

NA

 

 

United States

10

-3

-10

85

9

-7

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

05/06/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

99

6

1

5,475

-868

-302

-14.00%

-5.00%

 

 

Middle Atlantic

99

24

28

4,922

-796

-190

-14.00%

-4.00%

 

 

E N Central

106

27

23

5,679

-597

-111

-10.00%

-2.00%

 

 

W N Central

79

10

-17

6,442

-110

215

-2.00%

3.00%

 

 

South Atlantic

43

20

31

2,396

-408

14

-15.00%

1.00%

 

 

E S Central

53

25

45

3,075

-470

-37

-13.00%

-1.00%

 

 

W S Central

12

4

6

2,096

-180

158

-8.00%

8.00%

 

 

Mountain

52

-20

-18

5,327

372

770

8.00%

17.00%

 

 

Pacific

83

30

38

3,461

446

624

15.00%

22.00%

 

 

United States

70

18

21

4,079

-291

120

-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.

pdf icon All_Products_20230508.pdf