Prices as of 9:53 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.529

$2.610

-3.10%

-$0.081

12,614

 

 

WTI

$75.41

$73.56

2.51%

$1.85

103,306

 

 

Brent

$80.91

$79.07

2.33%

$1.84

3,692

 

 

ULSD

$2.704

$2.661

1.60%

$0.043

2,962

 

 

RBOB

$2.165

$2.130

1.65%

$0.035

2,649

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.51

$5.51

0.00%

$0.00

Feb-24

 

 

3:2:1 Crack

$23.07

$23.30

-0.99%

-$0.23

Feb-24

 

 

PJM West Spark

$49.79

$48.59

2.47%

$1.20

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 12/19/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

91,442

90,959

91,169

-210

 

 

PJM West Off Peak

82,360

82,058

82,162

-104

 

 

Natural Gas Henry Hub

400,851

377,649

390,555

-12,906

 

 

WTI – Light Sweet Crude Futures

147,531

123,182

114,699

8,483

 

 

Brent Crude Last Day

135,604

125,204

128,250

-3,046

 

 

NYM Ethanol

38,456

37,197

37,076

121

 

 

Mt Belvieu LDH Propane Swap

141,320

140,938

141,007

-69

 

 

RBOB

348,893

313,951

322,691

-8,740

 

 

HSC Basis

731,919

726,435

723,438

2,997

 

 

 

 

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

12/22/23

12/21/23

% Change

Change

11/24/23

% Change

12/23/22

% Change

 

 

PJM West On Peak

Jan-24

$55.20

$54.17

1.90%

$1.03

$54.85

0.65%

$103.10

-46.46%

 

 

ERCOT North On Peak

Jan-24

$53.41

$51.57

3.57%

$1.84

$82.82

-35.51%

$80.42

-33.58%

 

 

CAISO SP 15 On Peak

Jan-24

$54.76

$55.17

-0.75%

-$0.42

$67.46

-18.83%

$114.40

-52.13%

 

 

MISO Indiana On Peak

Jan-24

$47.78

$46.59

2.54%

$1.18

$49.73

-3.93%

$90.73

-47.34%

 

 

NEISO Mass On Peak

Jan-24

$89.68

$86.47

3.70%

$3.20

$105.96

-15.37%

$227.43

-60.57%

 

 

WECC Mid C On Peak

Jan-24

$79.06

$81.91

-3.47%

-$2.84

$114.31

-30.83%

$156.90

-49.61%

 

 

NYISO Zone G On Peak

Jan-24

$69.25

$66.91

3.49%

$2.33

$80.85

-14.35%

$167.48

-58.65%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/22/23

12/21/23

% Change

Change

11/24/23

% Change

12/23/22

% Change

 

 

NYMEX Henry Hub

Jan-24

$2.610

$2.572

1.48%

$0.04

$3.00

-12.97%

$5.31

-50.82%

 

 

Houston Ship Channel

Jan-24

-$0.118

-$0.084

41.03%

-$0.03

$0.33

-136.06%

-$0.07

69.15%

 

 

Chicago

Jan-24

$0.185

$0.259

39.94%

-$0.07

$0.57

-67.28%

$0.87

-78.75%

 

 

Waha

Jan-24

-$0.501

-$0.418

-19.82%

-$0.08

$0.02

-2286.03%

-$0.33

53.51%

 

 

Algonquin

Jan-24

$7.013

$7.185

-2.39%

-$0.17

$9.50

-26.17%

$23.12

-69.67%

 

 

Aeco

Jan-24

-$1.002

-$0.925

8.29%

-$0.08

-$0.95

5.55%

-$1.75

-42.84%

 

 

Socal

Jan-24

$1.375

$1.518

-9.36%

-$0.14

$2.72

-49.48%

$2.88

-52.21%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/22/23

12/21/23

% Change

Change

11/24/23

% Change

12/23/22

% Change

 

 

Mt. Belvieu Propane LST

Jan-24

$0.665

$0.675

-1.46%

-$0.01

$0.64

4.33%

$0.82

-19.01%

 

 

Mt. Belvieu Propane non LST

Jan-24

$0.682

$0.673

1.44%

$0.01

$0.64

6.89%

$0.82

-16.88%

 

 

Mt. Belview Ethane

Jan-24

$0.183

$0.193

-5.19%

-$0.01

$0.21

-14.95%

$0.31

-40.27%

 

 

Mt. Belview Nat. Gasoline

Jan-24

$1.461

$1.467

-0.44%

-$0.01

$1.47

-0.86%

$1.51

-2.95%

 

 

Mt. Belvieu Butane LST

Jan-24

$0.966

$0.971

-0.51%

$0.00

$0.90

7.89%

$0.95

2.01%

 

 

Far East Propane

Jan-24

$6.601

$6.628

-0.41%

-$0.03

$6.80

-2.92%

$5.51

19.71%

 

 

Saudi Propane

Jan-24

$6.180

$6.171

0.15%

$0.01

$5.93

4.21%

$5.10

21.22%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/22/23

12/21/23

% Change

Change

11/24/23

% Change

12/23/22

% Change

 

 

WTI

Feb-24

$73.56

$73.89

-0.45%

-$0.33

$75.77

-2.92%

$75.46

-2.52%

 

 

Brent

Feb-24

$79.07

$79.39

-0.40%

-$0.32

$80.48

-1.75%

$80.11

-1.30%

 

 

WCS

Feb-24

-$20.59

-$19.91

3.29%

-$0.68

-$20.77

-0.88%

-$24.47

-15.86%

 

 

LLS

Feb-24

$76.96

$76.39

0.74%

$0.57

$78.01

-1.34%

$76.60

0.47%

 

 

Mars

Feb-24

$73.92

$74.32

-0.54%

-$0.40

$75.32

-1.86%

$72.62

1.78%

 

 

Sour

Feb-24

$74.38

$74.66

-0.37%

-$0.28

$75.29

-1.21%

$70.31

5.79%

 

 

ESPO

Feb-24

$77.07

$77.39

-0.42%

-$0.32

$78.48

-1.80%

$77.75

-0.88%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/22/23

12/21/23

% Change

Change

11/24/23

% Change

12/23/22

% Change

 

 

NY Heating Oil

Jan-24

$2.67

$2.70

-1.22%

-$0.03

$2.75

-3.05%

$2.76

-3.47%

 

 

NY Gasoline

Jan-24

$2.13

$2.15

-0.75%

-$0.02

$2.17

-1.84%

$2.21

-3.71%

 

 

GC Gasoline

Jan-24

$2.03

$2.05

-0.78%

-$0.02

$2.07

-1.93%

$2.11

-3.88%

 

 

GC Jet

Jan-24

$2.48

$2.51

-1.00%

-$0.03

$2.49

-0.16%

$2.49

-0.40%

 

 

Chicago Ethanol

Jan-24

$1.60

$1.58

1.59%

$0.02

$1.76

-9.35%

$2.13

-24.71%

 

 

Rotterdam Gasoil

Jan-24

$741.22

$741.22

0.00%

$0.00

$768.89

-3.60%

$732.15

1.24%

 

 

Singapore Jet Kero

Jan-24

$101.99

$102.16

-0.17%

-$0.17

$104.84

-2.72%

$94.76

7.63%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/22/23

12/21/23

% Change

Change

11/24/23

% Change

12/23/22

% Change

 

 

Henry Hub Straddle

Feb-24

77.39%

83.94%

-7.80%

-6.55%

72.61%

6.58%

62.49%

23.84%

 

 

Algonquin Straddle

Feb-24

101.72%

109.85%

-7.40%

-8.13%

87.66%

16.04%

91.03%

11.74%

 

 

Waha Straddle

Feb-24

85.62%

90.53%

-5.42%

-4.91%

75.32%

13.67%

70.21%

21.95%

 

 

Chicago Straddle

Feb-24

80.03%

87.89%

-8.94%

-7.86%

70.97%

12.77%

58.14%

37.65%

 

 

PJM West Straddle

Feb-24

85.73%

85.63%

0.12%

0.10%

79.54%

7.78%

69.49%

23.37%

 

 

SP – 15 Straddle

Feb-24

55.51%

28.35%

95.80%

27.16%

60.40%

-8.10%

62.83%

-11.65%

 

 

Mid. C Straddle

Feb-24

186.12%

145.64%

27.79%

40.48%

173.42%

7.32%

91.48%

103.45%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/22/23

12/21/23

% Change

Change

11/24/23

% Change

12/23/22

% Change

 

 

Dutch TTF

Feb-24

EUR 35.10

EUR 34.75

1.02%

EUR 0.35

EUR 47.04

-25.38%

EUR 91.43

-61.61%

 

 

NBP

Feb-24

GBP 86.73

GBP 87.00

-0.31%

-GBP 0.27

GBP 122.61

-29.26%

GBP 243.60

-64.40%

 

 

German Base

Feb-24

EUR 97.59

EUR 95.36

2.34%

EUR 2.23

EUR 116.44

-16.19%

EUR 310.21

-68.54%

 

 

UK Base

Feb-24

GBP 88.30

GBP 90.75

-2.70%

-GBP 2.45

GBP 115.15

-23.32%

GBP 238.32

-62.95%

 

 

French Base

Feb-24

EUR 99.78

EUR 95.42

4.57%

EUR 4.36

EUR 126.73

-21.26%

EUR 447.63

-77.71%

 

 

Italian Base

Feb-24

EUR 115.39

EUR 111.24

3.73%

EUR 4.15

EUR 137.40

-16.02%

EUR 240.58

-52.03%

 

 

JKM LNG

Feb-24

$11.75

$12.29

-4.40%

-$0.54

$16.99

-30.85%

$28.40

-58.63%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/22/23

12/21/23

% Change

Change

11/24/23

% Change

12/23/22

% Change

 

 

TD3C FFA Middle East to China (WET)

Feb-24

$35.10

$34.75

1.02%

$0.35

$47.04

-25.38%

$91.43

-61.61%

 

 

USGC-UK Continent Dirty (WET)

Feb-24

$86.73

$87.00

-0.31%

-$0.27

$122.61

-29.26%

$243.60

-64.40%

 

 

TD20 West Africa to UK Continent (WET)

Feb-24

$97.59

$95.36

2.34%

$2.23

$116.44

-16.19%

$310.21

-68.54%

 

 

LPG FFA Middle East Gulf to East (WET)

Feb-24

$88.30

$90.75

-2.70%

-$2.45

$115.15

-23.32%

$238.32

-62.95%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Feb-24

$99.78

$95.42

4.57%

$4.36

$126.73

-21.26%

$447.63

-77.71%

 

 

Supramax Timecharter (DRY)

Feb-24

$115.39

$111.24

3.73%

$4.15

$137.40

-16.02%

$240.58

-52.03%

 

 

Capesize Timecharter (DRY)

Feb-24

$11.75

$12.29

-4.40%

-$0.54

$16.99

-30.85%

$28.40

-58.63%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/23/2023

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

4

-3

0

2,049

92

-154

5.00%

-7.00%

 

 

E S Central

0

-1

0

1,632

85

-93

5.00%

-5.00%

 

 

W S Central

3

1

3

2,939

492

17

20.00%

1.00%

 

 

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

0

1,305

90

-164

7.00%

-11.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/23/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

208

-46

-10

1,898

-259

25

-12.00%

1.00%

 

 

Middle Atlantic

209

-26

-17

1,715

-193

-73

-10.00%

-4.00%

 

 

E N Central

208

-59

-99

1,877

-274

-192

-13.00%

-9.00%

 

 

W N Central

200

-92

-185

1,930

-416

-400

-18.00%

-17.00%

 

 

South Atlantic

124

-8

-23

852

-72

-63

-8.00%

-7.00%

 

 

E S Central

156

-13

-61

1,045

-160

-136

-13.00%

-12.00%

 

 

W S Central

84

-40

-98

671

-84

-110

-11.00%

-14.00%

 

 

Mountain

161

-54

-99

1,608

-289

-318

-15.00%

-16.00%

 

 

Pacific

98

-33

-49

894

-207

-233

-19.00%

-21.00%

 

 

United States

155

-37

-65

1,313

-196

-157

-13.00%

-11.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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