Morning Report: Gas * Power * NGL * Crude * Products * Vols — May-19-2023

May 19, 2023

  

 

 

 

 

 

 

 

 

 

Prices as of 8:39 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.656

$2.592

2.47%

$0.064

35,404

 

 

WTI

$72.73

$71.86

1.21%

$0.87

12,687

 

 

Brent

$76.89

$75.86

1.36%

$1.03

8,555

 

 

ULSD

$2.435

$2.403

1.34%

$0.032

4,416

 

 

RBOB

$2.595

$2.568

1.02%

$0.026

3,705

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.98

$3.92

1.53%

$0.06

Jul-23

 

 

3:2:1 Crack

$31.48

$31.59

-0.37%

-$0.12

Jun-23

 

 

PJM West Spark

$36.58

$35.14

4.10%

$1.44

Jun-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

05/12/23

731

-17

17

05/13/22

 

 

Canada

05/12/23

94

1

6

05/13/22

 

 

International

Apr

947

17

141

Apr

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 5/9/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

103,054

102,621

102,450

171

 

 

PJM West Off Peak

87,576

86,998

87,176

-178

 

 

Natural Gas Henry Hub

445,803

417,715

432,529

-14,814

 

 

WTI – Light Sweet Crude Futures

268,661

200,113

193,636

6,477

 

 

Brent Crude Last Day

136,024

126,317

129,040

-2,723

 

 

NYM Ethanol

32,835

32,384

32,397

-13

 

 

Mt Belvieu LDH Propane Swap

142,237

141,084

141,818

-734

 

 

RBOB

314,543

293,397

296,410

-3,013

 

 

HSC Basis

543,292

539,600

534,139

5,461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

05/18/18

 

 

 

5/12/23

5/5/23

Net Change

% Change

5/13/22

% Change

5 Year Avg.

% Change

 

 

East

458

422

36

8.53%

296

54.73%

355

29.01%

 

 

Midwest

520

497

23

4.63%

364

42.86%

413

25.97%

 

 

Mountain

112

104

8

7.69%

103

8.74%

112

0.36%

 

 

Pacific

127

114

13

11.40%

187

-32.09%

217

-41.53%

 

 

South

1,023

1,002

21

2.10%

781

30.99%

847

20.81%

 

 

    Salt

290

287

3

1.05%

251

15.54%

270

7.33%

 

 

    Non_Salt

734

715

19

2.66%

531

38.23%

577

27.21%

 

 

Total

2,240

2,141

99

4.62%

1,732

29.33%

1,943

15.26%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOXLive Market Data

 

 

 

Contract

5/18/23

5/17/23

% Change

Change

4/20/23

% Change

5/18/22

% Change

 

 

PJM West On Peak

Jun-23

$42.25

$40.68

3.85%

$1.57

$42.04

0.51%

$67.31

-37.23%

 

 

ERCOT North On Peak

Jun-23

$46.07

$45.46

1.35%

$0.61

$44.30

3.99%

$65.84

-30.02%

 

 

CAISO SP 15 On Peak

Jun-23

$46.76

$45.89

1.89%

$0.87

$51.63

-9.44%

$62.57

-25.27%

 

 

MISO Indiana On Peak

Jun-23

$46.33

$44.59

3.92%

$1.75

$46.73

-0.84%

$69.56

-33.39%

 

 

NEISO Mass On Peak

Jun-23

$46.25

$44.19

4.67%

$2.06

$52.63

-12.11%

$55.44

-16.58%

 

 

WECC Mid C On Peak

Jun-23

$66.18

$64.22

3.05%

$1.96

$58.78

12.60%

$51.32

28.95%

 

 

NYISO Zone G On Peak

Jun-23

$40.80

$39.30

3.80%

$1.49

$47.21

-13.59%

$56.74

-28.10%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOXLive Market Data

 

 

 

Contract

5/18/23

5/17/23

% Change

Change

4/20/23

% Change

5/18/22

% Change

 

 

NYMEX Henry Hub

Jun-23

$2.592

$2.365

9.60%

$0.23

$2.43

6.80%

$4.84

-46.44%

 

 

Houston Ship Channel

Jun-23

-$0.217

-$0.201

7.75%

-$0.02

-$0.29

-25.40%

-$0.18

22.88%

 

 

Chicago

Jun-23

-$0.157

-$0.102

-34.90%

-$0.05

-$0.16

-1.81%

-$0.27

-42.30%

 

 

Waha

Jun-23

-$1.227

-$1.106

-10.93%

-$0.12

-$1.40

-12.66%

-$2.00

-38.56%

 

 

Algonquin

Jun-23

$0.617

$0.587

5.11%

$0.03

$1.33

-53.49%

-$0.74

-182.87%

 

 

Aeco

Jun-23

-$0.793

-$0.573

38.42%

-$0.22

-$0.78

1.90%

-$1.33

-40.32%

 

 

Socal

Jun-23

$0.414

$0.397

4.31%

$0.02

$0.69

-39.75%

-$0.32

-229.76%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOXLive Market Data

 

 

 

Contract

5/18/23

5/17/23

% Change

Change

4/20/23

% Change

5/18/22

% Change

 

 

Mt. Belvieu Propane LST

Jun-23

$0.637

$0.650

-1.96%

-$0.01

$0.80

-20.32%

$1.02

-37.33%

 

 

Mt. Belvieu Propane non LST

Jun-23

$0.636

$0.649

-1.94%

-$0.01

$0.80

-20.72%

$1.03

-38.03%

 

 

Mt. Belview Ethane

Jun-23

$0.204

$0.201

1.41%

$0.00

$0.21

-3.44%

$0.37

-44.77%

 

 

Mt. Belview Nat. Gasoline

Jun-23

$1.431

$1.411

1.41%

$0.02

$1.52

-5.59%

$1.86

-23.08%

 

 

Mt. Belvieu Butane LST

Jun-23

$0.720

$0.721

-0.02%

$0.00

$0.91

-21.21%

$1.15

-37.45%

 

 

Conway Propane

Jun-23

$0.635

$0.650

-2.33%

-$0.02

$0.80

-20.33%

$1.01

-37.43%

 

 

Conway Nat. Gasoline

Jun-23

$1.482

$1.439

2.97%

$0.04

$1.53

-3.44%

$1.84

-19.41%

 

 

 

 

Crude Oil

 

 

 

EOXLive Market Data

 

 

 

Contract

5/18/23

5/17/23

% Change

Change

4/20/23

% Change

5/18/22

% Change

 

 

WTI

Jul-23

$71.94

$72.89

-1.32%

-$0.95

$77.11

-6.70%

$86.30

-16.64%

 

 

Brent

Jul-23

$75.86

$76.96

-1.45%

-$1.10

$80.81

-6.13%

$91.15

-16.77%

 

 

WCS

Jul-23

-$12.27

-$13.00

-5.95%

$0.73

-$14.00

-12.38%

-$13.35

-8.10%

 

 

LLS

Jul-23

$73.69

$73.66

0.04%

$0.03

$78.08

-5.62%

$87.47

-15.75%

 

 

Mars

Jul-23

$70.44

$69.92

0.74%

$0.52

$75.01

-6.10%

$88.38

-20.30%

 

 

Sour

Jul-23

$71.17

$71.54

-0.52%

-$0.37

$76.06

-6.43%

$89.49

-20.47%

 

 

ESPO

Jul-23

$74.63

$75.59

-1.30%

-$0.97

$78.69

-5.16%

$85.83

-13.05%

 

 

 

 

Refined Products

 

 

 

EOXLive Market Data

 

 

 

Contract

5/18/23

5/17/23

% Change

Change

4/20/23

% Change

5/18/22

% Change

 

 

NY Heating Oil

Jun-23

$2.41

$2.43

-0.82%

-$0.02

$2.47

-2.79%

$2.86

-15.84%

 

 

NY Gasoline

Jun-23

$2.57

$2.46

4.30%

$0.11

$2.55

0.94%

$2.78

-7.35%

 

 

GC Gasoline

Jun-23

$2.47

$2.37

4.48%

$0.11

$2.45

0.98%

$2.67

-7.63%

 

 

GC Jet

Jun-23

$2.22

$2.24

-0.76%

-$0.02

$2.25

-1.16%

$2.35

-5.57%

 

 

Chicago Ethanol

Jun-23

$2.38

$2.40

-0.67%

-$0.02

$2.34

1.62%

$2.46

-3.13%

 

 

Rotterdam Gasoil

Jun-23

$648.00

$648.63

-0.10%

-$0.63

$679.80

-4.68%

$825.00

-21.45%

 

 

Singapore Jet Kero

Jun-23

$91.36

$88.25

3.52%

$3.11

$94.71

-3.54%

$111.56

-18.11%

 

 

 

 

Implied Volatilities

 

 

 

EOXLive Market Data

 

 

 

Contract

5/18/23

5/17/23

% Change

Change

4/20/23

% Change

5/18/22

% Change

 

 

Henry Hub Straddle

Jul-23

59.23%

66.84%

-11.39%

-7.61%

72.94%

-18.80%

50.51%

17.26%

 

 

Algonquin Straddle

Jul-23

105.42%

119.92%

-12.09%

-14.50%

186.11%

-43.36%

56.51%

86.55%

 

 

Waha Straddle

Jul-23

96.04%

121.16%

-20.73%

-25.12%

149.91%

-35.93%

89.28%

7.57%

 

 

Chicago Straddle

Jul-23

60.82%

73.62%

-17.39%

-12.80%

79.68%

-23.67%

53.24%

14.24%

 

 

PJM West Straddle

Jul-23

80.82%

79.10%

2.17%

1.72%

85.35%

-5.31%

57.65%

40.19%

 

 

SP – 15 Straddle

Jul-23

163.77%

166.11%

-1.41%

-2.34%

126.47%

29.49%

58.91%

178.00%

 

 

Mid. C Straddle

Jul-23

211.11%

209.02%

1.00%

2.09%

165.42%

27.62%

89.62%

135.56%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOXLive Market Data

 

 

 

Contract

5/18/23

5/17/23

% Change

Change

4/20/23

% Change

5/18/22

% Change

 

 

Dutch TTF

Jul-23

EUR 30.63

EUR 32.21

-4.89%

-EUR 1.58

EUR 41.35

-25.93%

EUR 68.30

-55.15%

 

 

NBP

Jul-23

GBP 68.38

GBP 72.47

-5.64%

-GBP 4.09

GBP 98.79

-30.78%

GBP 154.57

-55.76%

 

 

German Base

Jul-23

EUR 88.10

EUR 92.93

-5.20%

-EUR 4.83

EUR 114.56

-23.10%

EUR 193.94

-54.57%

 

 

UK Base

Jul-23

GBP 83.22

GBP 87.70

-5.11%

-GBP 4.48

GBP 107.30

-22.45%

GBP 160.49

-48.15%

 

 

French Base

Jul-23

EUR 95.70

EUR 94.02

1.79%

EUR 1.68

EUR 131.25

-27.08%

EUR 173.66

-44.89%

 

 

Italian Base

Jul-23

EUR 113.60

EUR 119.75

-5.14%

-EUR 6.15

EUR 156.75

-27.53%

EUR 179.75

-36.80%

 

 

JKM LNG

Jul-23

$11.14

$11.95

-6.83%

-$0.82

$12.33

-9.69%

$22.79

-51.12%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

05/13/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

3

3

1

5

5

3

NA

NA

 

 

Middle Atlantic

4

2

4

14

11

13

NA

NA

 

 

E N Central

5

-2

-26

9

-3

-27

NA

NA

 

 

W N Central

30

21

-14

38

15

-12

NA

NA

 

 

South Atlantic

46

13

14

307

69

8

29.00%

3.00%

 

 

E S Central

48

25

8

101

7

-19

NA

NA

 

 

W S Central

71

23

-32

327

72

-59

28.00%

-15.00%

 

 

Mountain

9

-7

-7

43

-33

-33

NA

NA

 

 

Pacific

2

-4

2

3

-28

-4

NA

NA

 

 

United States

24

8

-5

109

16

-12

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

05/13/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

43

-33

-29

5,518

-901

-331

-14.00%

-6.00%

 

 

Middle Atlantic

29

-31

-25

4,951

-828

-215

-14.00%

-4.00%

 

 

E N Central

29

-36

1

5,707

-634

-110

-10.00%

-2.00%

 

 

W N Central

16

-40

-1

6,458

-150

214

-2.00%

3.00%

 

 

South Atlantic

6

-12

-20

2,402

-420

-6

-15.00%

0.00%

 

 

E S Central

2

-20

-10

3,077

-489

-46

-14.00%

-2.00%

 

 

W S Central

0

-5

-1

2,096

-185

158

-8.00%

8.00%

 

 

Mountain

59

-2

1

5,386

370

771

7.00%

17.00%

 

 

Pacific

53

6

-26

3,514

452

598

15.00%

21.00%

 

 

United States

25

-18

-13

4,104

-309

106

-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_20230519.pdf