Prices as of 8:36 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.292

$2.311

-0.82%

-$0.019

47,137

 

 

WTI

$68.77

$68.61

0.23%

$0.16

98,408

 

 

Brent

$73.37

$73.24

0.18%

$0.13

8,879

 

 

ULSD

$2.528

$2.507

0.83%

$0.021

9,289

 

 

RBOB

$1.981

$1.980

0.04%

$0.001

5,504

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.12

$4.39

-6.15%

-$0.27

Feb-24

 

 

3:2:1 Crack

$21.56

$21.68

-0.57%

-$0.12

Jan-24

 

 

PJM West Spark

$44.66

$46.77

-4.53%

-$2.12

Jan-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

12/08/23

626

1

-154

12/09/22

 

 

Canada

12/08/23

194

2

-8

12/09/22

 

 

International

Nov

978

16

68

Nov

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 12/5/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

89,379

88,935

89,079

-144

 

 

PJM West Off Peak

81,904

81,433

81,616

-183

 

 

Natural Gas Henry Hub

396,784

374,097

386,502

-12,405

 

 

WTI – Light Sweet Crude Futures

293,019

246,316

215,458

30,858

 

 

Brent Crude Last Day

124,959

117,282

119,159

-1,877

 

 

NYM Ethanol

30,766

29,997

30,130

-133

 

 

Mt Belvieu LDH Propane Swap

137,123

136,638

136,706

-68

 

 

RBOB

341,560

318,290

327,181

-8,891

 

 

HSC Basis

655,145

649,729

646,534

3,195

 

 

 

 

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

 

 

 

 

12/07/18

 

 

 

12/1/23

11/24/23

Net Change

% Change

12/2/22

% Change

5 Year Avg.

% Change

 

 

East

876

915

-39

-4.26%

834

5.04%

838

4.51%

 

 

Midwest

1,082

1,111

-29

-2.61%

1,028

5.25%

1,008

7.34%

 

 

Mountain

245

252

-7

-2.78%

193

26.94%

197

24.49%

 

 

Pacific

289

298

-9

-3.02%

217

33.18%

262

10.39%

 

 

South

1,228

1,260

-32

-2.54%

1,191

3.11%

1,144

7.31%

 

 

    Salt

334

343

-9

-2.62%

327

2.14%

322

3.86%

 

 

    Non_Salt

894

917

-23

-2.51%

864

3.47%

823

8.68%

 

 

Total

3,719

3,836

-117

-3.05%

3,462

7.42%

3,449

7.82%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/12/23

12/11/23

% Change

Change

11/13/23

% Change

12/13/22

% Change

 

 

PJM West On Peak

Jan-24

$49.55

$51.72

-4.19%

-$2.17

$65.73

-24.62%

$114.07

-56.56%

 

 

ERCOT North On Peak

Jan-24

$53.20

$58.00

-8.27%

-$4.80

$83.82

-36.53%

$85.96

-38.11%

 

 

CAISO SP 15 On Peak

Jan-24

$50.91

$53.29

-4.47%

-$2.38

$88.73

-42.62%

$105.60

-51.79%

 

 

MISO Indiana On Peak

Jan-24

$42.03

$45.31

-7.23%

-$3.27

$60.12

-30.09%

$102.04

-58.81%

 

 

NEISO Mass On Peak

Jan-24

$87.99

$94.95

-7.33%

-$6.96

$119.95

-26.64%

$234.19

-62.43%

 

 

WECC Mid C On Peak

Jan-24

$93.45

$96.75

-3.41%

-$3.30

$137.69

-32.13%

$136.40

-31.49%

 

 

NYISO Zone G On Peak

Jan-24

$64.27

$69.48

-7.50%

-$5.21

$88.62

-27.48%

$171.75

-62.58%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/12/23

12/11/23

% Change

Change

11/13/23

% Change

12/13/22

% Change

 

 

NYMEX Henry Hub

Jan-24

$2.311

$2.431

-4.94%

-$0.12

$3.40

-32.03%

$6.20

-62.73%

 

 

Houston Ship Channel

Jan-24

-$0.054

-$0.025

115.02%

-$0.03

$0.34

-115.98%

$0.05

-201.12%

 

 

Chicago

Jan-24

$0.268

$0.378

41.22%

-$0.11

$0.82

-67.19%

$0.82

-67.46%

 

 

Waha

Jan-24

-$0.200

-$0.202

-1.24%

$0.00

$0.07

-392.82%

-$0.29

-30.85%

 

 

Algonquin

Jan-24

$7.250

$8.698

-16.64%

-$1.45

$10.38

-30.16%

$20.67

-64.93%

 

 

Aeco

Jan-24

-$0.735

-$0.918

-19.88%

$0.18

-$1.23

-40.41%

-$1.67

-56.02%

 

 

Socal

Jan-24

$1.475

$1.748

-15.64%

-$0.27

$4.87

-69.69%

$2.83

-47.92%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/12/23

12/11/23

% Change

Change

11/13/23

% Change

12/13/22

% Change

 

 

Mt. Belvieu Propane LST

Jan-24

$0.650

$0.674

-3.50%

-$0.02

$0.64

2.43%

$0.79

-17.55%

 

 

Mt. Belvieu Propane non LST

Jan-24

$0.659

$0.680

-3.06%

-$0.02

$0.64

3.64%

$0.80

-17.50%

 

 

Mt. Belview Ethane

Jan-24

$0.183

$0.181

0.71%

$0.00

$0.23

-21.48%

$0.32

-43.24%

 

 

Mt. Belview Nat. Gasoline

Jan-24

$1.391

$1.423

-2.23%

-$0.03

$1.52

-8.35%

$1.43

-2.59%

 

 

Mt. Belvieu Butane LST

Jan-24

$0.968

$0.998

-2.97%

-$0.03

$0.86

12.77%

$0.90

7.29%

 

 

Far East Propane

Jan-24

$6.555

$6.644

-1.34%

-$0.09

$7.09

-7.55%

$5.45

20.26%

 

 

Saudi Propane

Jan-24

$5.963

$6.041

-1.29%

-$0.08

$6.17

-3.40%

$5.08

17.34%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/12/23

12/11/23

% Change

Change

11/13/23

% Change

12/13/22

% Change

 

 

WTI

Feb-24

$68.85

$71.56

-3.94%

-$2.71

$77.99

-11.72%

$73.32

-6.10%

 

 

Brent

Feb-24

$73.24

$76.03

-3.81%

-$2.79

$82.19

-10.89%

$77.93

-6.02%

 

 

WCS

Feb-24

-$21.00

-$20.56

2.06%

-$0.43

-$24.99

-15.98%

-$26.04

-19.37%

 

 

LLS

Feb-24

$71.56

$74.22

-3.73%

-$2.67

$80.32

-10.91%

$75.33

-5.01%

 

 

Mars

Feb-24

$68.95

$71.61

-3.86%

-$2.66

$75.78

-9.01%

$72.44

-4.81%

 

 

Sour

Feb-24

$69.46

$71.96

-3.59%

-$2.50

$77.28

-10.12%

$71.88

-3.36%

 

 

ESPO

Feb-24

$71.24

$74.03

-3.92%

-$2.79

$80.19

-11.16%

$73.99

-3.72%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/12/23

12/11/23

% Change

Change

11/13/23

% Change

12/13/22

% Change

 

 

NY Heating Oil

Jan-24

$2.52

$2.61

-3.49%

-$0.09

$2.78

-9.29%

$2.70

-6.84%

 

 

NY Gasoline

Jan-24

$1.98

$2.05

-3.18%

-$0.07

$2.21

-10.61%

$2.09

-5.44%

 

 

GC Gasoline

Jan-24

$1.88

$1.95

-3.34%

-$0.07

$2.12

-11.11%

$1.99

-5.72%

 

 

GC Jet

Jan-24

$2.27

$2.27

0.04%

$0.00

$2.67

-15.29%

$2.57

-11.76%

 

 

Chicago Ethanol

Jan-24

$1.63

$1.64

-0.79%

-$0.01

$1.72

-5.12%

$2.03

-19.76%

 

 

Rotterdam Gasoil

Jan-24

$680.71

$705.50

-3.51%

-$24.79

$756.88

-10.06%

$717.40

-5.11%

 

 

Singapore Jet Kero

Jan-24

$98.15

$98.45

-0.30%

-$0.29

$99.02

-0.88%

$100.21

-2.05%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/12/23

12/11/23

% Change

Change

11/13/23

% Change

12/13/22

% Change

 

 

Henry Hub Straddle

Jan-24

71.30%

69.53%

2.55%

1.77%

68.07%

4.75%

60.61%

17.64%

 

 

Algonquin Straddle

Jan-24

129.32%

97.53%

32.60%

31.79%

79.56%

62.54%

87.06%

48.54%

 

 

Waha Straddle

Jan-24

71.46%

70.09%

1.95%

1.37%

70.95%

0.72%

75.99%

-5.96%

 

 

Chicago Straddle

Jan-24

74.89%

67.59%

10.80%

7.30%

63.40%

18.12%

58.08%

28.94%

 

 

PJM West Straddle

Jan-24

86.18%

90.19%

-4.45%

-4.01%

82.26%

4.77%

71.59%

20.38%

 

 

SP – 15 Straddle

Jan-24

147.20%

130.04%

13.20%

17.16%

101.96%

44.37%

104.83%

40.42%

 

 

Mid. C Straddle

Jan-24

599.39%

414.94%

44.45%

184.45%

290.09%

106.62%

101.30%

491.70%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/12/23

12/11/23

% Change

Change

11/13/23

% Change

12/13/22

% Change

 

 

Dutch TTF

Jan-24

EUR 34.85

EUR 36.53

-4.61%

-EUR 1.69

EUR 48.64

-28.36%

EUR 139.40

-75.00%

 

 

NBP

Jan-24

GBP 86.97

GBP 90.65

-4.06%

-GBP 3.68

GBP 125.93

-30.94%

GBP 360.37

-75.87%

 

 

German Base

Jan-24

EUR 84.84

EUR 85.14

-0.34%

-EUR 0.29

EUR 114.87

-26.14%

EUR 407.65

-79.19%

 

 

UK Base

Jan-24

GBP 80.87

GBP 83.79

-3.49%

-GBP 2.93

GBP 117.54

-31.20%

GBP 331.61

-75.61%

 

 

French Base

Jan-24

EUR 81.71

EUR 87.73

-6.86%

-EUR 6.02

EUR 124.61

-34.43%

EUR 550.05

-85.15%

 

 

Italian Base

Jan-24

EUR 104.23

EUR 108.16

-3.64%

-EUR 3.93

EUR 137.91

-24.42%

EUR 378.51

-72.46%

 

 

JKM LNG

Jan-24

$14.43

$14.59

-1.08%

-$0.16

$16.50

-12.51%

$39.10

-63.09%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/12/23

12/11/23

% Change

Change

11/13/23

% Change

12/13/22

% Change

 

 

TD3C FFA Middle East to China (WET)

Jan-24

$34.85

$36.53

-4.61%

-$1.69

$48.64

-28.36%

$139.40

-75.00%

 

 

USGC-UK Continent Dirty (WET)

Jan-24

$86.97

$90.65

-4.06%

-$3.68

$125.93

-30.94%

$360.37

-75.87%

 

 

TD20 West Africa to UK Continent (WET)

Jan-24

$84.84

$85.14

-0.34%

-$0.29

$114.87

-26.14%

$407.65

-79.19%

 

 

LPG FFA Middle East Gulf to East (WET)

Jan-24

$80.87

$83.79

-3.49%

-$2.93

$117.54

-31.20%

$331.61

-75.61%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jan-24

$81.71

$87.73

-6.86%

-$6.02

$124.61

-34.43%

$550.05

-85.15%

 

 

Supramax Timecharter (DRY)

Jan-24

$104.23

$108.16

-3.64%

-$3.93

$137.91

-24.42%

$378.51

-72.46%

 

 

Capesize Timecharter (DRY)

Jan-24

$14.43

$14.59

-1.08%

-$0.16

$16.50

-12.51%

$39.10

-63.09%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/09/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

551

134

-135

32.00%

-20.00%

 

 

Middle Atlantic

0

0

0

698

42

-280

6.00%

-29.00%

 

 

E N Central

0

0

0

664

-45

-185

-6.00%

-22.00%

 

 

W N Central

0

0

0

1,057

130

-34

14.00%

-3.00%

 

 

South Atlantic

7

-2

4

2,039

96

-151

5.00%

-7.00%

 

 

E S Central

0

-1

-4

1,632

87

-93

6.00%

-5.00%

 

 

W S Central

3

0

-13

2,936

493

23

20.00%

1.00%

 

 

Mountain

0

0

0

1,253

10

-153

1.00%

-11.00%

 

 

Pacific

0

-1

0

695

-9

-281

-1.00%

-29.00%

 

 

United States

2

0

-1

1,302

90

-163

7.00%

-11.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/09/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

217

-4

26

1,495

-169

88

-10.00%

6.00%

 

 

Middle Atlantic

187

-17

-38

1,312

-140

-19

-10.00%

-1.00%

 

 

E N Central

179

-54

-44

1,461

-172

-96

-11.00%

-6.00%

 

 

W N Central

192

-67

-71

1,514

-263

-203

-15.00%

-12.00%

 

 

South Atlantic

94

-18

-9

612

-57

-47

-9.00%

-7.00%

 

 

E S Central

116

-29

35

746

-133

-112

-15.00%

-13.00%

 

 

W S Central

72

-32

23

480

-37

-47

-7.00%

-9.00%

 

 

Mountain

167

-33

-35

1,258

-216

-175

-15.00%

-12.00%

 

 

Pacific

98

-23

-52

698

-146

-124

-17.00%

-15.00%

 

 

United States

138

-30

-23

1,003

-133

-79

-12.00%

-7.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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