Prices as of 7:49 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$1.787

$1.774

0.73%

$0.013

22,158

 

 

WTI

$86.65

$86.59

0.07%

$0.06

87,006

 

 

Brent

$90.88

$90.65

0.25%

$0.23

9,555

 

 

ULSD

$2.758

$2.741

0.59%

$0.016

7,220

 

 

RBOB

$2.794

$2.794

-0.03%

-$0.001

6,432

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.95

$4.84

2.27%

$0.11

Jun-24

 

 

3:2:1 Crack

$30.06

$29.97

0.30%

$0.09

May-24

 

 

PJM West Spark

$31.61

$32.17

-1.75%

-$0.56

May-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

03/28/24

621

-3

-134

04/01/23

 

 

Canada

03/28/24

151

-18

12

04/01/23

 

 

International

Mar

971

13

41

Mar

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 3/26/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

96,286

95,839

95,931

-92

 

 

PJM West Off Peak

85,289

84,944

85,033

-89

 

 

Natural Gas Henry Hub

384,249

361,990

371,429

-9,439

 

 

WTI – Light Sweet Crude Futures

164,232

141,340

127,354

13,986

 

 

Brent Crude Last Day

123,664

114,461

115,377

-916

 

 

NYM Ethanol

47,616

46,897

47,247

-350

 

 

Mt Belvieu LDH Propane Swap

163,239

161,973

162,771

-798

 

 

RBOB

386,461

358,565

370,978

-12,413

 

 

HSC Basis

818,793

809,629

810,799

-1,170

 

 

 

 

EIA Short Term Energy Outlook

 

 

 

 

 

 

 

2021

2022

2023projected

2024projected

 

 

Brent

$70.89

$100.94

$84.09

$94.91

 

 

Gasoline

$3.02

$3.97

$3.62

$3.69

 

 

Crude Oil Production

11.27

11.91

12.92

13.12

 

 

Natural Gas Spot

$3.91

$6.42

$2.61

$3.23

 

 

LNG Exports

9.76

10.59

11.62

13.15

 

 

 

 

 

 

 

 

 

 

Electrical Generation %

2021

2022

2023projected

2024projected

 

 

Natural gas

37.00%

39.00%

42.00%

41.00%

 

 

Coal

23.00%

20.00%

16.00%

15.00%

 

 

Renewables

20.00%

22.00%

22.00%

25.00%

 

 

Nuclear

20.00%

19.00%

19.00%

20.00%

 

 

 

 

 

 

 

 

 

 

 

Short Term Energy Outlook

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

03/29/19

 

 

 

3/29/24

3/22/24

Net Change

% Change

3/31/23

% Change

5 Year Avg.

% Change

 

 

East

363

387

-24

-6.20%

335

8.36%

295

23.22%

 

 

Midwest

510

528

-18

-3.41%

421

21.14%

366

39.27%

 

 

Mountain

162

166

-4

-2.41%

80

102.50%

88

83.26%

 

 

Pacific

227

223

4

1.79%

73

210.96%

150

50.93%

 

 

South

996

991

5

0.50%

921

8.14%

730

36.36%

 

 

    Salt

294

294

0

0.00%

263

11.79%

218

34.62%

 

 

    Non_Salt

701

698

3

0.43%

658

6.53%

512

36.86%

 

 

Total

2,259

2,296

-37

-1.61%

1,830

23.44%

1,630

38.59%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/4/24

4/3/24

% Change

Change

3/6/24

% Change

4/5/23

% Change

 

 

PJM West On Peak

May-24

$35.43

$35.97

-1.49%

-$0.53

$38.01

-6.79%

$43.90

-19.30%

 

 

ERCOT North On Peak

May-24

$33.78

$37.43

-9.74%

-$3.65

$42.09

-19.75%

$35.27

-4.23%

 

 

CAISO SP 15 On Peak

May-24

$13.60

$13.75

-1.06%

-$0.15

$18.93

-28.14%

$32.17

-57.72%

 

 

MISO Indiana On Peak

May-24

$36.42

$36.51

-0.23%

-$0.09

$39.38

-7.52%

$48.12

-24.31%

 

 

NEISO Mass On Peak

May-24

$29.44

$30.09

-2.15%

-$0.65

$30.37

-3.05%

$36.76

-19.90%

 

 

WECC Mid C On Peak

May-24

$24.69

$24.55

0.55%

$0.14

$29.44

-16.14%

$49.20

-49.82%

 

 

NYISO Zone G On Peak

May-24

$27.75

$29.00

-4.32%

-$1.25

$30.14

-7.94%

$40.33

-31.20%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/4/24

4/3/24

% Change

Change

3/6/24

% Change

4/5/23

% Change

 

 

NYMEX Henry Hub

May-24

$1.774

$1.841

-3.64%

-$0.07

$2.07

-14.38%

$3.12

-43.10%

 

 

Houston Ship Channel

May-24

-$0.254

-$0.259

-1.74%

$0.00

-$0.20

27.75%

-$0.34

-25.85%

 

 

Chicago

May-24

-$0.166

-$0.174

4.57%

$0.01

-$0.14

21.67%

-$0.12

35.56%

 

 

Waha

May-24

-$1.615

-$1.521

-6.13%

-$0.09

-$1.16

39.74%

-$1.41

14.49%

 

 

Algonquin

May-24

-$0.149

-$0.150

1.06%

$0.00

-$0.28

-46.99%

-$0.36

-58.41%

 

 

Aeco

May-24

-$0.619

-$0.644

-3.85%

$0.02

-$0.71

-13.04%

-$0.97

-36.05%

 

 

Socal

May-24

-$0.252

-$0.246

2.44%

-$0.01

-$0.15

64.11%

-$0.03

817.82%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/4/24

4/3/24

% Change

Change

3/6/24

% Change

4/5/23

% Change

 

 

Mt. Belvieu Propane LST

May-24

$0.853

$0.841

1.34%

$0.01

$0.80

6.56%

$0.79

7.77%

 

 

Mt. Belvieu Propane non LST

May-24

$0.841

$0.840

0.15%

$0.00

$0.80

5.15%

$0.79

6.90%

 

 

Mt. Belview Ethane

May-24

$0.196

$0.197

-0.62%

$0.00

$0.19

1.95%

$0.23

-12.78%

 

 

Mt. Belview Nat. Gasoline

May-24

$1.652

$1.629

1.40%

$0.02

$1.56

6.21%

$1.55

6.78%

 

 

Mt. Belvieu Butane LST

May-24

$0.972

$0.963

0.99%

$0.01

$0.91

6.33%

$0.90

7.53%

 

 

Far East Propane

May-24

$6.096

$6.127

-0.49%

-$0.03

$5.93

2.83%

$5.36

13.66%

 

 

Saudi Propane

May-24

$5.900

$5.919

-0.33%

-$0.02

$5.75

2.69%

$5.18

14.01%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/4/24

4/3/24

% Change

Change

3/6/24

% Change

4/5/23

% Change

 

 

WTI

May-24

$86.59

$85.43

1.34%

$1.16

$78.41

10.43%

$74.13

16.81%

 

 

Brent

May-24

$91.18

$89.84

1.46%

$1.33

$82.96

9.90%

$78.91

15.54%

 

 

WCS

May-24

-$12.45

-$12.45

0.00%

$0.00

-$12.72

-2.13%

-$15.84

-21.40%

 

 

LLS

May-24

$85.81

$85.81

0.00%

$0.00

$80.17

7.04%

$75.74

13.30%

 

 

Mars

May-24

$83.36

$83.36

0.00%

$0.00

$77.21

7.97%

$71.28

16.96%

 

 

Sour

May-24

$84.99

$84.99

0.00%

$0.00

$78.63

8.09%

$72.15

17.80%

 

 

ESPO

May-24

$89.18

$87.84

1.49%

$1.33

$80.96

10.15%

$76.20

17.03%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/4/24

4/3/24

% Change

Change

3/6/24

% Change

4/5/23

% Change

 

 

NY Heating Oil

May-24

$2.75

$2.73

0.95%

$0.03

$2.61

5.48%

$2.55

7.92%

 

 

NY Gasoline

May-24

$2.79

$2.76

1.01%

$0.03

$2.54

9.89%

$2.42

15.34%

 

 

GC Gasoline

May-24

$2.69

$2.66

1.05%

$0.03

$2.44

10.29%

$2.32

16.00%

 

 

GC Jet

May-24

$2.65

$2.70

-1.78%

-$0.05

$2.51

5.66%

$2.38

11.62%

 

 

Chicago Ethanol

May-24

$1.68

$1.67

0.90%

$0.01

$1.61

4.53%

$1.67

1.08%

 

 

Rotterdam Gasoil

May-24

$792.55

$803.04

-1.31%

-$10.48

$750.42

5.62%

$686.35

15.47%

 

 

Singapore Jet Kero

May-24

$106.16

$106.50

-0.32%

-$0.34

$99.19

7.03%

$94.15

12.76%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/4/24

4/3/24

% Change

Change

3/6/24

% Change

4/5/23

% Change

 

 

Henry Hub Straddle

May-24

56.70%

55.93%

1.38%

0.77%

55.83%

1.56%

51.10%

10.96%

 

 

Algonquin Straddle

May-24

68.55%

71.31%

-3.87%

-2.76%

63.19%

8.48%

55.69%

23.09%

 

 

Waha Straddle

May-24

353.13%

248.88%

41.89%

104.25%

117.38%

200.84%

70.67%

399.69%

 

 

Chicago Straddle

May-24

63.91%

59.28%

7.81%

4.63%

57.48%

11.19%

52.88%

20.86%

 

 

PJM West Straddle

May-24

48.85%

48.03%

1.71%

0.82%

47.45%

2.95%

46.55%

4.94%

 

 

SP – 15 Straddle

May-24

114.57%

126.02%

-9.09%

-11.45%

126.54%

-9.46%

27.03%

323.86%

 

 

Mid. C Straddle

May-24

46.72%

39.19%

19.21%

7.53%

80.90%

-42.25%

71.42%

-34.58%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/4/24

4/3/24

% Change

Change

3/6/24

% Change

4/5/23

% Change

 

 

Dutch TTF

May-24

EUR 25.98

EUR 25.79

0.72%

EUR 0.18

EUR 26.38

-1.54%

EUR 54.00

-51.90%

 

 

NBP

May-24

GBP 64.24

GBP 63.88

0.56%

GBP 0.36

GBP 65.49

-1.92%

GBP 142.10

-54.79%

 

 

German Base

May-24

EUR 50.75

EUR 49.62

2.29%

EUR 1.13

EUR 57.40

-11.58%

EUR 127.42

-60.17%

 

 

UK Base

May-24

GBP 55.76

GBP 54.77

1.81%

GBP 0.99

GBP 61.41

-9.21%

GBP 127.75

-56.35%

 

 

French Base

May-24

EUR 25.91

EUR 21.80

18.88%

EUR 4.12

EUR 49.38

-47.52%

EUR 129.23

-79.95%

 

 

Italian Base

May-24

EUR 76.64

EUR 74.77

2.50%

EUR 1.87

EUR 79.92

-4.11%

EUR 135.50

-43.44%

 

 

JKM LNG

May-24

$9.61

$9.47

1.49%

$0.14

$9.03

6.48%

$15.88

-39.48%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/4/24

4/3/24

% Change

Change

3/6/24

% Change

4/5/23

% Change

 

 

TD3C FFA Middle East to China (WET)

May-24

$25.98

$25.79

0.72%

$0.18

$26.38

-1.54%

$54.00

-51.90%

 

 

USGC-UK Continent Dirty (WET)

May-24

$64.24

$63.88

0.56%

$0.36

$65.49

-1.92%

$142.10

-54.79%

 

 

TD20 West Africa to UK Continent (WET)

May-24

$50.75

$49.62

2.29%

$1.13

$57.40

-11.58%

$127.42

-60.17%

 

 

LPG FFA Middle East Gulf to East (WET)

May-24

$55.76

$54.77

1.81%

$0.99

$61.41

-9.21%

$127.75

-56.35%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

May-24

$25.91

$21.80

18.88%

$4.12

$49.38

-47.52%

$129.23

-79.95%

 

 

Supramax Timecharter (DRY)

May-24

$76.64

$74.77

2.50%

$1.87

$79.92

-4.11%

$135.50

-43.44%

 

 

Capesize Timecharter (DRY)

May-24

$9.61

$9.47

1.49%

$0.14

$9.03

6.48%

$15.88

-39.48%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

03/30/2024

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

0

0

0

-1

0

NA

NA

 

 

W N Central

0

-1

0

0

-3

0

NA

NA

 

 

South Atlantic

11

-1

-11

78

-34

-66

-30.00%

-46.00%

 

 

E S Central

0

-5

-9

2

-28

-25

NA

NA

 

 

W S Central

8

-6

-10

67

-12

-50

NA

NA

 

 

Mountain

0

-4

0

0

-14

0

NA

NA

 

 

Pacific

0

-1

0

0

-7

0

NA

NA

 

 

United States

3

-2

-4

22

-13

-19

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

03/30/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

177

-4

1

4,955

-736

32

-13.00%

1.00%

 

 

Middle Atlantic

160

-1

6

4,575

-594

52

-11.00%

1.00%

 

 

E N Central

161

-6

-14

4,808

-902

-329

-16.00%

-6.00%

 

 

W N Central

190

26

-17

5,056

-977

-819

-16.00%

-14.00%

 

 

South Atlantic

74

7

30

2,279

-334

33

-13.00%

1.00%

 

 

E S Central

78

-4

26

2,883

-430

57

-13.00%

2.00%

 

 

W S Central

51

7

15

1,978

-203

10

-9.00%

1.00%

 

 

Mountain

157

29

-34

4,200

-274

-608

-6.00%

-13.00%

 

 

Pacific

117

30

-23

2,545

-130

-486

-5.00%

-16.00%

 

 

United States

123

9

0

3,507

-482

-204

-12.00%

-5.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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