Prices as of 7:47 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.576

$2.572

0.16%

$0.004

6,867

 

 

WTI

$74.58

$73.89

0.93%

$0.69

63,147

 

 

Brent

$79.98

$79.39

0.74%

$0.59

2,902

 

 

ULSD

$2.705

$2.697

0.29%

$0.008

1,245

 

 

RBOB

$2.179

$2.158

0.95%

$0.021

774

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.38

$5.50

-2.18%

-$0.12

Feb-24

 

 

3:2:1 Crack

$24.22

$24.16

0.25%

$0.06

Feb-24

 

 

PJM West Spark

$48.66

$47.08

3.35%

$1.58

Jan-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

12/21/23

620

-3

-159

12/22/22

 

 

Canada

12/21/23

146

-39

50

12/22/22

 

 

International

Nov

978

16

68

Nov

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 12/12/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

90,153

89,675

89,830

-155

 

 

PJM West Off Peak

82,469

82,128

82,150

-22

 

 

Natural Gas Henry Hub

398,535

375,754

388,239

-12,485

 

 

WTI – Light Sweet Crude Futures

145,282

122,440

107,190

15,250

 

 

Brent Crude Last Day

127,314

117,655

119,482

-1,827

 

 

NYM Ethanol

33,728

33,049

33,054

-5

 

 

Mt Belvieu LDH Propane Swap

138,701

138,096

138,261

-165

 

 

RBOB

342,469

317,729

322,185

-4,456

 

 

HSC Basis

707,216

701,573

698,305

3,268

 

 

 

 

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

 

 

 

 

12/21/18

 

 

 

12/15/23

12/8/23

Net Change

% Change

12/16/22

% Change

5 Year Avg.

% Change

 

 

East

834

857

-23

-2.68%

789

5.70%

776

7.47%

 

 

Midwest

1,021

1,055

-34

-3.22%

974

4.83%

930

9.76%

 

 

Mountain

236

243

-7

-2.88%

178

32.58%

179

31.55%

 

 

Pacific

283

289

-6

-2.08%

186

52.15%

241

17.43%

 

 

South

1,203

1,219

-16

-1.31%

1,199

0.33%

1,098

9.58%

 

 

    Salt

331

336

-5

-1.49%

340

-2.65%

318

4.02%

 

 

    Non_Salt

872

883

-11

-1.25%

858

1.63%

779

11.88%

 

 

Total

3,577

3,664

-87

-2.37%

3,325

7.58%

3,224

10.94%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/21/23

12/20/23

% Change

Change

11/22/23

% Change

12/22/22

% Change

 

 

PJM West On Peak

Jan-24

$54.17

$52.59

3.02%

$1.59

$52.54

3.10%

$101.20

-46.47%

 

 

ERCOT North On Peak

Jan-24

$51.57

$51.66

-0.17%

-$0.09

$89.32

-42.26%

$79.21

-34.89%

 

 

CAISO SP 15 On Peak

Jan-24

$55.17

$53.79

2.58%

$1.39

$72.76

-24.17%

$114.24

-51.70%

 

 

MISO Indiana On Peak

Jan-24

$46.59

$45.78

1.78%

$0.81

$47.55

-2.02%

$89.32

-47.83%

 

 

NEISO Mass On Peak

Jan-24

$86.47

$91.85

-5.86%

-$5.38

$110.16

-21.50%

$221.04

-60.88%

 

 

WECC Mid C On Peak

Jan-24

$81.91

$85.22

-3.88%

-$3.31

$123.98

-33.94%

$149.94

-45.37%

 

 

NYISO Zone G On Peak

Jan-24

$66.91

$69.51

-3.73%

-$2.59

$82.86

-19.25%

$161.85

-58.66%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/21/23

12/20/23

% Change

Change

11/22/23

% Change

12/22/22

% Change

 

 

NYMEX Henry Hub

Jan-24

$2.572

$2.447

5.11%

$0.13

$3.03

-15.20%

$5.34

-51.88%

 

 

Houston Ship Channel

Jan-24

-$0.084

-$0.077

8.85%

-$0.01

$0.32

-126.34%

$0.01

-1677.36%

 

 

Chicago

Jan-24

$0.259

$0.267

2.89%

-$0.01

$0.55

-52.73%

$0.84

-69.01%

 

 

Waha

Jan-24

-$0.418

-$0.337

-23.90%

-$0.08

$0.05

-863.80%

-$0.17

145.19%

 

 

Algonquin

Jan-24

$7.185

$7.237

-0.72%

-$0.05

$8.88

-19.06%

$21.20

-66.12%

 

 

Aeco

Jan-24

-$0.925

-$0.926

-0.05%

$0.00

-$0.88

5.44%

-$1.63

-43.16%

 

 

Socal

Jan-24

$1.518

$1.495

1.52%

$0.02

$2.79

-45.54%

$2.74

-44.63%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/21/23

12/20/23

% Change

Change

11/22/23

% Change

12/22/22

% Change

 

 

Mt. Belvieu Propane LST

Jan-24

$0.675

$0.672

0.39%

$0.00

$0.62

9.28%

$0.80

-15.63%

 

 

Mt. Belvieu Propane non LST

Jan-24

$0.673

$0.677

-0.69%

$0.00

$0.62

7.85%

$0.81

-17.01%

 

 

Mt. Belview Ethane

Jan-24

$0.193

$0.193

0.00%

$0.00

$0.21

-7.72%

$0.31

-37.93%

 

 

Mt. Belview Nat. Gasoline

Jan-24

$1.467

$1.485

-1.18%

-$0.02

$1.46

0.80%

$1.52

-3.57%

 

 

Mt. Belvieu Butane LST

Jan-24

$0.971

$0.981

-0.93%

-$0.01

$0.84

15.03%

$0.94

3.40%

 

 

Far East Propane

Jan-24

$6.628

$6.760

-1.95%

-$0.13

$6.68

-0.75%

$5.39

23.03%

 

 

Saudi Propane

Jan-24

$6.171

$6.219

-0.78%

-$0.05

$5.87

5.06%

$5.06

22.05%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/21/23

12/20/23

% Change

Change

11/22/23

% Change

12/22/22

% Change

 

 

WTI

Feb-24

$73.89

$74.22

-0.45%

-$0.33

$77.25

-4.35%

$73.18

0.97%

 

 

Brent

Feb-24

$79.39

$79.70

-0.39%

-$0.31

$81.88

-3.04%

$77.50

2.44%

 

 

WCS

Feb-24

-$19.91

-$18.07

9.24%

-$1.84

-$23.58

-15.56%

-$24.20

-17.73%

 

 

LLS

Feb-24

$76.39

$77.00

-0.79%

-$0.61

$79.58

-4.01%

$74.85

2.06%

 

 

Mars

Feb-24

$74.32

$74.36

-0.06%

-$0.04

$76.31

-2.61%

$70.37

5.61%

 

 

Sour

Feb-24

$74.66

$74.65

0.01%

$0.01

$76.94

-2.97%

$71.07

5.05%

 

 

ESPO

Feb-24

$77.39

$77.70

-0.40%

-$0.31

$79.88

-3.12%

$76.66

0.95%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/21/23

12/20/23

% Change

Change

11/22/23

% Change

12/22/22

% Change

 

 

NY Heating Oil

Jan-24

$2.70

$2.70

0.15%

$0.00

$2.81

-3.78%

$2.71

-0.22%

 

 

NY Gasoline

Jan-24

$2.15

$2.20

-2.45%

-$0.05

$2.19

-2.10%

$2.09

2.48%

 

 

GC Gasoline

Jan-24

$2.05

$2.10

-2.57%

-$0.05

$2.09

-2.20%

$1.99

2.61%

 

 

GC Jet

Jan-24

$2.51

$2.55

-1.57%

-$0.04

$2.45

2.41%

$2.45

2.57%

 

 

Chicago Ethanol

Jan-24

$1.58

$1.55

1.29%

$0.02

$1.74

-9.22%

$2.10

-25.04%

 

 

Rotterdam Gasoil

Jan-24

$741.22

$749.02

-1.04%

-$7.80

$753.93

-1.69%

$737.03

0.57%

 

 

Singapore Jet Kero

Jan-24

$102.16

$104.20

-1.96%

-$2.05

$104.76

-2.48%

$97.46

4.82%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/21/23

12/20/23

% Change

Change

11/22/23

% Change

12/22/22

% Change

 

 

Henry Hub Straddle

Feb-24

83.94%

82.07%

2.28%

1.87%

79.23%

5.94%

75.04%

11.86%

 

 

Algonquin Straddle

Feb-24

109.85%

110.78%

-0.84%

-0.93%

93.02%

18.09%

96.24%

14.14%

 

 

Waha Straddle

Feb-24

90.53%

88.84%

1.90%

1.69%

81.14%

11.57%

81.70%

10.81%

 

 

Chicago Straddle

Feb-24

87.89%

84.61%

3.88%

3.28%

78.13%

12.49%

70.93%

23.91%

 

 

PJM West Straddle

Feb-24

85.63%

85.18%

0.53%

0.45%

78.79%

8.68%

69.66%

22.93%

 

 

SP – 15 Straddle

Feb-24

28.35%

77.36%

-63.35%

-49.01%

81.77%

-65.33%

62.20%

-54.42%

 

 

Mid. C Straddle

Feb-24

145.64%

185.87%

-21.64%

-40.23%

178.50%

-18.41%

90.57%

60.80%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/21/23

12/20/23

% Change

Change

11/22/23

% Change

12/22/22

% Change

 

 

Dutch TTF

Feb-24

EUR 34.75

EUR 34.23

1.51%

EUR 0.52

EUR 46.47

-25.22%

EUR 98.80

-64.83%

 

 

NBP

Feb-24

GBP 87.00

GBP 85.09

2.24%

GBP 1.91

GBP 121.28

-28.27%

GBP 258.20

-66.31%

 

 

German Base

Feb-24

EUR 95.36

EUR 89.96

6.00%

EUR 5.40

EUR 113.96

-16.32%

EUR 312.47

-69.48%

 

 

UK Base

Feb-24

GBP 90.75

GBP 85.42

6.24%

GBP 5.33

GBP 112.19

-19.11%

GBP 246.76

-63.23%

 

 

French Base

Feb-24

EUR 95.42

EUR 88.79

7.47%

EUR 6.63

EUR 125.83

-24.17%

EUR 454.50

-79.01%

 

 

Italian Base

Feb-24

EUR 111.24

EUR 108.21

2.80%

EUR 3.03

EUR 136.23

-18.35%

EUR 275.80

-59.67%

 

 

JKM LNG

Feb-24

$12.29

$11.97

2.61%

$0.31

$16.65

-26.21%

$29.10

-57.78%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/21/23

12/20/23

% Change

Change

11/22/23

% Change

12/22/22

% Change

 

 

TD3C FFA Middle East to China (WET)

Feb-24

$34.75

$34.23

1.51%

$0.52

$46.47

-25.22%

$98.80

-64.83%

 

 

USGC-UK Continent Dirty (WET)

Feb-24

$87.00

$85.09

2.24%

$1.91

$121.28

-28.27%

$258.20

-66.31%

 

 

TD20 West Africa to UK Continent (WET)

Feb-24

$95.36

$89.96

6.00%

$5.40

$113.96

-16.32%

$312.47

-69.48%

 

 

LPG FFA Middle East Gulf to East (WET)

Feb-24

$90.75

$85.42

6.24%

$5.33

$112.19

-19.11%

$246.76

-63.23%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Feb-24

$95.42

$88.79

7.47%

$6.63

$125.83

-24.17%

$454.50

-79.01%

 

 

Supramax Timecharter (DRY)

Feb-24

$111.24

$108.21

2.80%

$3.03

$136.23

-18.35%

$275.80

-59.67%

 

 

Capesize Timecharter (DRY)

Feb-24

$12.29

$11.97

2.61%

$0.31

$16.65

-26.21%

$29.10

-57.78%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/16/2023

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

6

-2

-4

2,045

95

-154

5.00%

-7.00%

 

 

E S Central

0

-1

0

1,632

86

-93

6.00%

-5.00%

 

 

W S Central

0

-2

-9

2,936

491

14

20.00%

0.00%

 

 

Mountain

0

0

0

1,253

10

-153

1.00%

-11.00%

 

 

Pacific

0

0

0

695

-9

-281

-1.00%

-29.00%

 

 

United States

1

0

-2

1,304

91

-165

8.00%

-11.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/16/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

194

-44

-53

1,690

-213

35

-11.00%

2.00%

 

 

Middle Atlantic

195

-25

-36

1,506

-167

-56

-10.00%

-4.00%

 

 

E N Central

209

-42

3

1,669

-215

-93

-11.00%

-5.00%

 

 

W N Central

216

-61

-12

1,730

-323

-214

-16.00%

-11.00%

 

 

South Atlantic

116

-6

7

728

-64

-39

-8.00%

-5.00%

 

 

E S Central

144

-13

37

890

-146

-75

-14.00%

-8.00%

 

 

W S Central

106

-8

35

587

-45

-13

-7.00%

-2.00%

 

 

Mountain

189

-19

-43

1,446

-236

-219

-14.00%

-13.00%

 

 

Pacific

98

-29

-60

796

-175

-184

-18.00%

-19.00%

 

 

United States

155

-26

-13

1,158

-159

-92

-12.00%

-7.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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