Prices as of 7:58 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.663

$2.550

4.43%

$0.113

942

 

 

WTI

$74.94

$75.57

-0.83%

-$0.63

86,605

 

 

Brent

$80.60

$81.07

-0.58%

-$0.47

1,489

 

 

ULSD

$2.667

$2.669

-0.09%

-$0.002

1,570

 

 

RBOB

$2.165

$2.158

0.31%

$0.007

1,245

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.68

$5.50

3.27%

$0.18

Feb-24

 

 

3:2:1 Crack

$23.10

$22.31

3.53%

$0.79

Feb-24

 

 

PJM West Spark

$45.35

$49.74

-8.84%

-$4.40

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

12/26/23

12/22/23

% Change

Change

11/27/23

% Change

12/27/22

% Change

 

 

PJM West On Peak

Jan-24

$51.06

$55.20

-7.49%

-$4.13

$56.12

-9.00%

$106.43

-52.02%

 

 

ERCOT North On Peak

Jan-24

$48.42

$53.41

-9.36%

-$5.00

$80.21

-39.64%

$85.47

-43.36%

 

 

CAISO SP 15 On Peak

Jan-24

$47.70

$54.76

-12.89%

-$7.06

$68.00

-29.85%

$117.04

-59.24%

 

 

MISO Indiana On Peak

Jan-24

$44.82

$47.78

-6.19%

-$2.96

$50.89

-11.93%

$93.97

-52.30%

 

 

NEISO Mass On Peak

Jan-24

$81.35

$89.68

-9.28%

-$8.32

$108.02

-24.68%

$233.62

-65.18%

 

 

WECC Mid C On Peak

Jan-24

$67.18

$79.06

-15.03%

-$11.88

$119.63

-43.84%

$153.82

-56.32%

 

 

NYISO Zone G On Peak

Jan-24

$63.13

$69.25

-8.84%

-$6.12

$81.51

-22.55%

$172.67

-63.44%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/26/23

12/22/23

% Change

Change

11/27/23

% Change

12/27/22

% Change

 

 

NYMEX Henry Hub

Jan-24

$2.550

$2.610

-2.30%

-$0.06

$2.95

-13.44%

$5.32

-52.09%

 

 

Houston Ship Channel

Jan-24

-$0.125

-$0.118

6.28%

-$0.01

$0.33

-138.41%

-$0.04

239.57%

 

 

Chicago

Jan-24

$0.184

$0.185

0.98%

$0.00

$0.56

-67.20%

$0.85

-78.34%

 

 

Waha

Jan-24

-$0.696

-$0.501

-39.11%

-$0.20

$0.03

-2172.62%

-$0.24

186.94%

 

 

Algonquin

Jan-24

$7.025

$7.013

0.17%

$0.01

$9.31

-24.53%

$21.70

-67.62%

 

 

Aeco

Jan-24

-$1.012

-$1.002

1.03%

-$0.01

-$0.91

10.71%

-$1.65

-38.74%

 

 

Socal

Jan-24

$1.111

$1.375

-19.25%

-$0.26

$2.67

-58.42%

$2.93

-62.13%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/26/23

12/22/23

% Change

Change

11/27/23

% Change

12/27/22

% Change

 

 

Mt. Belvieu Propane LST

Jan-24

$0.677

$0.665

1.85%

$0.01

$0.63

8.17%

$0.82

-17.71%

 

 

Mt. Belvieu Propane non LST

Jan-24

$0.689

$0.682

0.89%

$0.01

$0.63

9.54%

$0.83

-16.84%

 

 

Mt. Belview Ethane

Jan-24

$0.185

$0.183

1.28%

$0.00

$0.21

-11.45%

$0.30

-38.30%

 

 

Mt. Belview Nat. Gasoline

Jan-24

$1.475

$1.461

0.97%

$0.01

$1.47

0.35%

$1.54

-4.08%

 

 

Mt. Belvieu Butane LST

Jan-24

$0.994

$0.966

2.90%

$0.03

$0.86

15.97%

$0.96

3.53%

 

 

Far East Propane

Jan-24

$6.510

$6.601

-1.37%

-$0.09

$6.76

-3.72%

$5.64

15.51%

 

 

Saudi Propane

Jan-24

$6.179

$6.180

-0.01%

$0.00

$5.90

4.77%

$5.23

18.18%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/26/23

12/22/23

% Change

Change

11/27/23

% Change

12/27/22

% Change

 

 

WTI

Feb-24

$75.57

$73.56

2.66%

$2.01

$75.09

0.64%

$75.69

-0.16%

 

 

Brent

Feb-24

$81.07

$79.07

2.47%

$2.00

$79.87

1.50%

$80.37

0.87%

 

 

WCS

Feb-24

-$17.39

-$20.59

-18.40%

$3.20

-$24.60

-29.32%

-$22.93

-24.16%

 

 

LLS

Feb-24

$78.14

$76.96

1.51%

$1.18

$77.80

0.44%

$77.27

1.12%

 

 

Mars

Feb-24

$75.48

$73.92

2.07%

$1.56

$74.54

1.26%

$73.14

3.20%

 

 

Sour

Feb-24

$76.06

$74.38

2.21%

$1.68

$74.95

1.49%

$71.87

5.83%

 

 

ESPO

Feb-24

$79.07

$77.07

2.53%

$2.00

$77.87

1.54%

$78.47

0.76%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/26/23

12/22/23

% Change

Change

11/27/23

% Change

12/27/22

% Change

 

 

NY Heating Oil

Jan-24

$2.67

$2.67

-0.04%

$0.00

$2.76

-3.27%

$2.81

-5.19%

 

 

NY Gasoline

Jan-24

$2.16

$2.13

1.46%

$0.03

$2.14

0.75%

$2.19

-1.50%

 

 

GC Gasoline

Jan-24

$2.06

$2.03

1.53%

$0.03

$2.05

0.78%

$2.09

-1.58%

 

 

GC Jet

Jan-24

$2.50

$2.48

0.60%

$0.02

$2.49

0.40%

$2.55

-1.81%

 

 

Chicago Ethanol

Jan-24

$1.62

$1.60

1.25%

$0.02

$1.70

-4.82%

$2.13

-23.98%

 

 

Rotterdam Gasoil

Jan-24

$731.24

$741.22

-1.35%

-$9.98

$759.09

-3.67%

$779.79

-6.23%

 

 

Singapore Jet Kero

Jan-24

$100.07

$101.99

-1.88%

-$1.91

$103.20

-3.03%

$100.22

-0.15%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/26/23

12/22/23

% Change

Change

11/27/23

% Change

12/27/22

% Change

 

 

Henry Hub Straddle

Feb-24

81.72%

77.39%

5.60%

4.33%

70.83%

15.37%

57.21%

42.84%

 

 

Algonquin Straddle

Feb-24

103.95%

101.72%

2.19%

2.23%

82.40%

26.15%

90.60%

14.74%

 

 

Waha Straddle

Feb-24

92.93%

85.62%

8.54%

7.31%

70.09%

32.59%

65.94%

40.93%

 

 

Chicago Straddle

Feb-24

85.13%

80.03%

6.37%

5.10%

66.25%

28.50%

53.28%

59.78%

 

 

PJM West Straddle

Feb-24

83.50%

85.73%

-2.60%

-2.23%

79.48%

5.06%

66.66%

25.26%

 

 

SP – 15 Straddle

Feb-24

75.63%

55.51%

36.25%

20.12%

43.25%

74.87%

63.09%

19.88%

 

 

Mid. C Straddle

Feb-24

241.73%

186.12%

29.88%

55.61%

130.96%

84.58%

91.81%

163.29%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/26/23

12/22/23

% Change

Change

11/27/23

% Change

12/27/22

% Change

 

 

Dutch TTF

Feb-24

EUR 34.55

EUR 35.10

-1.56%

-EUR 0.55

EUR 45.49

-24.04%

EUR 88.90

-61.13%

 

 

NBP

Feb-24

GBP 86.44

GBP 86.73

-0.34%

-GBP 0.29

GBP 117.68

-26.55%

GBP 238.51

-63.76%

 

 

German Base

Feb-24

EUR 97.48

EUR 97.59

-0.11%

-EUR 0.11

EUR 112.76

-13.55%

EUR 301.38

-67.66%

 

 

UK Base

Feb-24

GBP 86.85

GBP 88.30

-1.64%

-GBP 1.45

GBP 111.91

-22.39%

GBP 226.68

-61.69%

 

 

French Base

Feb-24

EUR 99.41

EUR 99.78

-0.38%

-EUR 0.38

EUR 122.69

-18.98%

EUR 432.93

-77.04%

 

 

Italian Base

Feb-24

EUR 113.71

EUR 115.39

-1.46%

-EUR 1.69

EUR 132.76

-14.35%

EUR 247.40

-54.04%

 

 

JKM LNG

Feb-24

$11.72

$11.75

-0.26%

-$0.03

$16.40

-28.58%

$27.70

-57.72%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/26/23

12/22/23

% Change

Change

11/27/23

% Change

12/27/22

% Change

 

 

TD3C FFA Middle East to China (WET)

Feb-24

$34.55

$35.10

-1.56%

-$0.55

$45.49

-24.04%

$88.90

-61.13%

 

 

USGC-UK Continent Dirty (WET)

Feb-24

$86.44

$86.73

-0.34%

-$0.29

$117.68

-26.55%

$238.51

-63.76%

 

 

TD20 West Africa to UK Continent (WET)

Feb-24

$97.48

$97.59

-0.11%

-$0.11

$112.76

-13.55%

$301.38

-67.66%

 

 

LPG FFA Middle East Gulf to East (WET)

Feb-24

$86.85

$88.30

-1.64%

-$1.45

$111.91

-22.39%

$226.68

-61.69%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Feb-24

$99.41

$99.78

-0.38%

-$0.38

$122.69

-18.98%

$432.93

-77.04%

 

 

Supramax Timecharter (DRY)

Feb-24

$113.71

$115.39

-1.46%

-$1.69

$132.76

-14.35%

$247.40

-54.04%

 

 

Capesize Timecharter (DRY)

Feb-24

$11.72

$11.75

-0.26%

-$0.03

$16.40

-28.58%

$27.70

-57.72%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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