Prices as of 7:54 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.541

$2.569

-1.09%

-$0.028

34,868

 

 

WTI

$70.27

$69.38

1.28%

$0.89

82,991

 

 

Brent

$75.26

$74.30

1.29%

$0.96

4,976

 

 

ULSD

$2.608

$2.576

1.23%

$0.032

4,494

 

 

RBOB

$2.045

$2.030

0.70%

$0.014

3,827

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.78

$4.65

2.80%

$0.13

Feb-24

 

 

3:2:1 Crack

$22.89

$22.84

0.26%

$0.06

Jan-24

 

 

PJM West Spark

$52.93

$54.22

-2.38%

-$1.29

Jan-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

12/01/23

625

3

-159

12/02/22

 

 

Canada

12/01/23

192

-5

-3

12/02/22

 

 

International

Nov

978

16

68

Nov

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 11/28/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

96,067

95,706

95,712

-6

 

 

PJM West Off Peak

86,636

86,018

86,066

-48

 

 

Natural Gas Henry Hub

412,900

389,640

401,546

-11,906

 

 

WTI – Light Sweet Crude Futures

159,363

138,914

119,328

19,586

 

 

Brent Crude Last Day

146,298

135,485

138,582

-3,097

 

 

NYM Ethanol

36,693

36,126

35,787

339

 

 

Mt Belvieu LDH Propane Swap

157,028

156,518

156,643

-125

 

 

RBOB

344,150

321,372

329,994

-8,622

 

 

HSC Basis

702,865

696,883

694,391

2,492

 

 

 

 

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

 

 

 

 

11/30/18

 

 

 

11/24/23

11/17/23

Net Change

% Change

11/25/22

% Change

5 Year Avg.

% Change

 

 

East

915

918

-3

-0.33%

840

8.93%

857

6.79%

 

 

Midwest

1,111

1,118

-7

-0.63%

1,040

6.83%

1,032

7.68%

 

 

Mountain

252

255

-3

-1.18%

197

27.92%

202

24.63%

 

 

Pacific

298

296

2

0.68%

226

31.86%

269

10.70%

 

 

South

1,260

1,240

20

1.61%

1,181

6.69%

1,154

9.17%

 

 

    Salt

343

331

12

3.63%

314

9.24%

319

7.46%

 

 

    Non_Salt

917

909

8

0.88%

867

5.77%

835

9.79%

 

 

Total

3,836

3,826

10

0.26%

3,483

10.13%

3,514

9.18%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/6/23

12/5/23

% Change

Change

11/7/23

% Change

12/7/22

% Change

 

 

PJM West On Peak

Jan-24

$58.38

$59.71

-2.23%

-$1.33

$64.46

-9.42%

$109.43

-46.64%

 

 

ERCOT North On Peak

Jan-24

$68.78

$72.73

-5.43%

-$3.95

$78.37

-12.24%

$78.65

-12.55%

 

 

CAISO SP 15 On Peak

Jan-24

$57.91

$66.29

-12.64%

-$8.38

$84.45

-31.43%

$87.94

-34.15%

 

 

MISO Indiana On Peak

Jan-24

$51.28

$53.24

-3.68%

-$1.96

$58.80

-12.79%

$97.73

-47.53%

 

 

NEISO Mass On Peak

Jan-24

$107.58

$112.37

-4.27%

-$4.79

$121.17

-11.22%

$222.11

-51.57%

 

 

WECC Mid C On Peak

Jan-24

$117.40

$119.91

-2.10%

-$2.51

$127.97

-8.26%

$125.77

-6.65%

 

 

NYISO Zone G On Peak

Jan-24

$78.14

$81.92

-4.61%

-$3.78

$88.01

-11.22%

$161.66

-51.66%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/6/23

12/5/23

% Change

Change

11/7/23

% Change

12/7/22

% Change

 

 

NYMEX Henry Hub

Jan-24

$2.569

$2.710

-5.20%

-$0.14

$3.46

-25.82%

$5.72

-55.06%

 

 

Houston Ship Channel

Jan-24

$0.207

$0.210

-1.43%

$0.00

$0.35

-41.37%

-$0.01

-2891.89%

 

 

Chicago

Jan-24

$0.576

$0.545

-5.28%

$0.03

$0.81

-28.67%

$0.79

-27.40%

 

 

Waha

Jan-24

-$0.124

-$0.087

-43.48%

-$0.04

$0.21

-160.51%

-$0.53

-76.55%

 

 

Algonquin

Jan-24

$10.831

$9.838

10.09%

$0.99

$9.94

8.95%

$22.11

-51.01%

 

 

Aeco

Jan-24

-$0.823

-$0.861

-4.46%

$0.04

-$1.35

-39.27%

-$1.72

-52.26%

 

 

Socal

Jan-24

$2.028

$2.289

-11.39%

-$0.26

$4.65

-56.39%

$1.72

18.02%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/6/23

12/5/23

% Change

Change

11/7/23

% Change

12/7/22

% Change

 

 

Mt. Belvieu Propane LST

Jan-24

$0.678

$0.693

-2.15%

-$0.01

$0.64

6.32%

$0.79

-13.68%

 

 

Mt. Belvieu Propane non LST

Jan-24

$0.678

$0.700

-3.18%

-$0.02

$0.64

6.19%

$0.79

-14.12%

 

 

Mt. Belview Ethane

Jan-24

$0.202

$0.211

-4.54%

-$0.01

$0.27

-25.14%

$0.30

-33.53%

 

 

Mt. Belview Nat. Gasoline

Jan-24

$1.433

$1.500

-4.48%

-$0.07

$1.49

-3.99%

$1.40

2.00%

 

 

Mt. Belvieu Butane LST

Jan-24

$0.929

$0.987

-5.79%

-$0.06

$0.84

10.33%

$0.90

3.25%

 

 

Far East Propane

Jan-24

$6.364

$6.520

-2.39%

-$0.16

$6.86

-7.28%

$5.43

17.25%

 

 

Saudi Propane

Jan-24

$5.881

$5.949

-1.13%

-$0.07

$5.96

-1.34%

$5.16

13.89%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/6/23

12/5/23

% Change

Change

11/7/23

% Change

12/7/22

% Change

 

 

WTI

Jan-24

$69.38

$72.32

-4.24%

-$2.94

$77.21

-10.14%

$71.70

-3.24%

 

 

Brent

Jan-24

$74.24

$77.23

-4.02%

-$2.99

$81.61

-9.03%

$76.39

-2.81%

 

 

WCS

Jan-24

-$22.77

-$22.44

1.44%

-$0.33

-$24.85

-8.40%

-$20.70

10.01%

 

 

LLS

Jan-24

$72.39

$75.46

-4.25%

-$3.07

$78.75

-8.08%

$73.68

-1.75%

 

 

Mars

Jan-24

$70.08

$72.73

-3.77%

-$2.65

$76.91

-8.87%

$69.11

1.41%

 

 

Sour

Jan-24

$70.09

$72.75

-3.78%

-$2.65

$76.40

-8.26%

$70.76

-0.95%

 

 

ESPO

Jan-24

$72.24

$75.23

-4.14%

-$2.99

$79.61

-9.26%

$74.71

-3.31%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/6/23

12/5/23

% Change

Change

11/7/23

% Change

12/7/22

% Change

 

 

NY Heating Oil

Jan-24

$2.58

$2.64

-2.12%

-$0.06

$2.78

-7.09%

$2.64

-2.24%

 

 

NY Gasoline

Jan-24

$2.11

$2.11

0.19%

$0.00

$2.16

-2.13%

$2.05

3.32%

 

 

GC Gasoline

Jan-24

$2.01

$2.01

0.20%

$0.00

$2.06

-2.23%

$1.95

3.49%

 

 

GC Jet

Jan-24

$2.33

$2.37

-1.98%

-$0.05

$2.56

-9.32%

$2.41

-3.53%

 

 

Chicago Ethanol

Jan-24

$1.68

$1.72

-1.75%

-$0.03

$1.71

-1.17%

$1.93

-12.78%

 

 

Rotterdam Gasoil

Jan-24

$698.61

$723.99

-3.51%

-$25.38

$774.96

-9.85%

$703.83

-0.74%

 

 

Singapore Jet Kero

Jan-24

$99.24

$100.60

-1.36%

-$1.37

$106.83

-7.11%

$94.39

5.13%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/6/23

12/5/23

% Change

Change

11/7/23

% Change

12/7/22

% Change

 

 

Henry Hub Straddle

Jan-24

66.73%

63.56%

4.99%

3.17%

70.07%

-4.77%

59.58%

12.00%

 

 

Algonquin Straddle

Jan-24

77.22%

73.74%

4.72%

3.48%

87.16%

-11.40%

78.19%

-1.24%

 

 

Waha Straddle

Jan-24

65.08%

67.81%

-4.03%

-2.73%

72.40%

-10.11%

71.43%

-8.89%

 

 

Chicago Straddle

Jan-24

57.72%

62.69%

-7.93%

-4.97%

63.63%

-9.29%

55.62%

3.78%

 

 

PJM West Straddle

Jan-24

89.54%

82.80%

8.14%

6.74%

78.89%

13.50%

70.96%

26.18%

 

 

SP – 15 Straddle

Jan-24

130.33%

177.81%

-26.70%

-47.48%

162.40%

-19.75%

58.59%

122.44%

 

 

Mid. C Straddle

Jan-24

312.70%

453.56%

-31.06%

-140.86%

306.19%

2.13%

95.31%

228.09%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/6/23

12/5/23

% Change

Change

11/7/23

% Change

12/7/22

% Change

 

 

Dutch TTF

Jan-24

EUR 39.24

EUR 38.08

3.04%

EUR 1.16

EUR 48.07

-18.38%

EUR 142.00

-72.37%

 

 

NBP

Jan-24

GBP 98.16

GBP 95.59

2.69%

GBP 2.57

GBP 125.13

-21.55%

GBP 386.20

-74.58%

 

 

German Base

Jan-24

EUR 96.44

EUR 96.23

0.22%

EUR 0.21

EUR 111.30

-13.35%

EUR 482.99

-80.03%

 

 

UK Base

Jan-24

GBP 94.17

GBP 85.88

9.66%

GBP 8.29

GBP 112.95

-16.63%

GBP 369.17

-74.49%

 

 

French Base

Jan-24

EUR 96.47

EUR 97.42

-0.98%

-EUR 0.95

EUR 121.42

-20.55%

EUR 633.94

-84.78%

 

 

Italian Base

Jan-24

EUR 114.79

EUR 116.12

-1.15%

-EUR 1.34

EUR 143.28

-19.88%

EUR 412.98

-72.21%

 

 

JKM LNG

Jan-24

$15.74

$15.31

2.85%

$0.44

$16.35

-3.68%

$42.15

-62.64%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/6/23

12/5/23

% Change

Change

11/7/23

% Change

12/7/22

% Change

 

 

TD3C FFA Middle East to China (WET)

Jan-24

$39.24

$38.08

3.04%

$1.16

$48.07

-18.38%

$142.00

-72.37%

 

 

USGC-UK Continent Dirty (WET)

Jan-24

$98.16

$95.59

2.69%

$2.57

$125.13

-21.55%

$386.20

-74.58%

 

 

TD20 West Africa to UK Continent (WET)

Jan-24

$96.44

$96.23

0.22%

$0.21

$111.30

-13.35%

$482.99

-80.03%

 

 

LPG FFA Middle East Gulf to East (WET)

Jan-24

$94.17

$85.88

9.66%

$8.29

$112.95

-16.63%

$369.17

-74.49%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jan-24

$96.47

$97.42

-0.98%

-$0.95

$121.42

-20.55%

$633.94

-84.78%

 

 

Supramax Timecharter (DRY)

Jan-24

$114.79

$116.12

-1.15%

-$1.34

$143.28

-19.88%

$412.98

-72.21%

 

 

Capesize Timecharter (DRY)

Jan-24

$15.74

$15.31

2.85%

$0.44

$16.35

-3.68%

$42.15

-62.64%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/02/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

-33

551

134

-135

32.00%

-20.00%

 

 

Middle Atlantic

0

0 –

122

698

42

-280

6.00%

-29.00%

 

 

E N Central

0

0

-23

664

-45

-185

-6.00%

-22.00%

 

 

W N Central

0

0

0

1,057

130

-34

14.00%

-3.00%

 

 

South Atlantic

6

-4

-47

2,032

98

-154

5.00%

-7.00%

 

 

E S Central

0

-1

0

1,632

87

-90

6.00%

-5.00%

 

 

W S Central

0

-4

-9

2,934

494

36

20.00%

1.00%

 

 

Mountain

0

0

-22

1,253

10

-153

1.00%

-11.00%

 

 

Pacific

0

-1

-1

695

-8

-281

-1.00%

-29.00%

 

 

United States

1

-1

-34

1,301

91

-162

8.00%

-11.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/02/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

202

-1

24

1,278

-166

62

-11.00%

5.00%

 

 

Middle Atlantic

199

12

27

1,125

-123

19

-10.00%

2.00%

 

 

E N Central

233

19

41

1,282

-118

-51

-8.00%

-4.00%

 

 

W N Central

247

6

20

1,322

-196

-132

-13.00%

-9.00%

 

 

South Atlantic

121

20

30

518

-40

-38

-7.00%

-7.00%

 

 

E S Central

148

16

33

629

-105

-147

-14.00%

-19.00%

 

 

W S Central

101

7

23

408

-5

-70

-1.00%

-15.00%

 

 

Mountain

204

15

21

1,091

-183

-141

-14.00%

-11.00%

 

 

Pacific

124

10

7

600

-123

-73

-17.00%

-11.00%

 

 

United States

168

13

26

865

-103

-56

-11.00%

-6.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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