Prices as of 11:35 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.527

$2.619

-3.51%

-$0.092

72,693

 

 

WTI

$73.17

$74.11

-1.27%

-$0.94

167,865

 

 

Brent

$78.65

$79.65

-1.26%

-$1.00

296

 

 

ULSD

$2.613

$2.624

-0.41%

-$0.011

4,810

 

 

RBOB

$2.136

$2.155

-0.89%

-$0.019

3,987

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.46

$5.54

-1.44%

-$0.08

Feb-24

 

 

3:2:1 Crack

$23.22

$22.86

1.60%

$0.37

Feb-24

 

 

PJM West Spark

NA

NA

NA

NA

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

 

 

 

 

12/28/18

 

 

 

12/22/23

12/15/23

Net Change

% Change

12/23/22

% Change

5 Year Avg.

% Change

 

 

East

805

834

-29

-3.48%

747

7.76%

753

6.88%

 

 

Midwest

985

1,021

-36

-3.53%

899

9.57%

899

9.61%

 

 

Mountain

232

236

-4

-1.69%

166

39.76%

174

33.33%

 

 

Pacific

280

283

-3

-1.06%

165

69.70%

232

20.69%

 

 

South

1,187

1,203

-16

-1.33%

1,136

4.49%

1,081

9.79%

 

 

    Salt

329

331

-2

-0.60%

323

1.86%

318

3.33%

 

 

    Non_Salt

858

872

-14

-1.61%

813

5.54%

763

12.48%

 

 

Total

3,490

3,577

-87

-2.43%

3,112

12.15%

3,139

11.18%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/27/23

12/26/23

% Change

Change

11/28/23

% Change

12/28/22

% Change

 

 

PJM West On Peak

Jan-24

$49.35

$51.06

-3.36%

-$1.72

$55.63

-11.29%

$110.39

-55.30%

 

 

ERCOT North On Peak

Jan-24

$45.74

$48.42

-5.53%

-$2.68

$74.08

-38.26%

$81.55

-43.91%

 

 

CAISO SP 15 On Peak

Jan-24

$49.54

$47.70

3.85%

$1.84

$67.49

-26.60%

$115.07

-56.95%

 

 

MISO Indiana On Peak

Jan-24

$42.54

$44.82

-5.08%

-$2.28

$50.61

-15.94%

$98.48

-56.80%

 

 

NEISO Mass On Peak

Jan-24

$78.35

$81.35

-3.69%

-$3.00

$109.66

-28.55%

$222.55

-64.79%

 

 

WECC Mid C On Peak

Jan-24

$73.14

$67.18

8.86%

$5.95

$114.00

-35.85%

$146.91

-50.22%

 

 

NYISO Zone G On Peak

Jan-24

$64.19

$63.13

1.69%

$1.07

$82.18

-21.89%

$164.43

-60.96%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/27/23

12/26/23

% Change

Change

11/28/23

% Change

12/28/22

% Change

 

 

NYMEX Henry Hub

Feb-24

$2.437

$2.419

0.74%

$0.02

$2.80

-12.90%

$4.98

-51.05%

 

 

Houston Ship Channel

Feb-24

-$0.125

-$0.093

34.80%

-$0.03

$0.35

-136.23%

-$0.06

111.99%

 

 

Chicago

Feb-24

$0.267

$0.301

12.66%

-$0.03

$0.54

-50.29%

$0.87

-69.23%

 

 

Waha

Feb-24

-$0.459

-$0.420

-9.41%

-$0.04

-$0.01

7190.48%

-$0.31

50.39%

 

 

Algonquin

Feb-24

$6.582

$7.288

-9.68%

-$0.71

$9.03

-27.10%

$20.66

-68.14%

 

 

Aeco

Feb-24

-$1.026

-$1.004

2.13%

-$0.02

-$0.93

10.77%

-$1.40

-26.83%

 

 

Socal

Feb-24

$1.067

$1.052

1.46%

$0.02

$2.19

-51.32%

$2.47

-56.73%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/27/23

12/26/23

% Change

Change

11/28/23

% Change

12/28/22

% Change

 

 

Mt. Belvieu Propane LST

Jan-24

$0.695

$0.677

2.58%

$0.02

$0.64

9.22%

$0.84

-16.93%

 

 

Mt. Belvieu Propane non LST

Jan-24

$0.697

$0.689

1.28%

$0.01

$0.64

8.97%

$0.83

-15.89%

 

 

Mt. Belview Ethane

Jan-24

$0.190

$0.185

2.86%

$0.01

$0.21

-9.46%

$0.29

-34.37%

 

 

Mt. Belview Nat. Gasoline

Jan-24

$1.465

$1.475

-0.69%

-$0.01

$1.47

-0.56%

$1.53

-4.56%

 

 

Mt. Belvieu Butane LST

Jan-24

$1.014

$0.994

1.97%

$0.02

$0.87

17.10%

$0.97

4.13%

 

 

Far East Propane

Jan-24

$6.660

$6.510

2.30%

$0.15

$6.77

-1.67%

$5.52

20.62%

 

 

Saudi Propane

Jan-24

$6.329

$6.179

2.43%

$0.15

$5.87

7.84%

$5.19

21.85%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/27/23

12/26/23

% Change

Change

11/28/23

% Change

12/28/22

% Change

 

 

WTI

Feb-24

$74.11

$75.57

-1.97%

-$1.46

$76.59

-3.24%

$75.48

-1.82%

 

 

Brent

Feb-24

$79.65

$81.07

-1.78%

-$1.42

$81.47

-2.23%

$79.89

-0.30%

 

 

WCS

Feb-24

-$21.49

-$17.39

19.10%

-$4.10

-$24.93

-13.78%

-$22.72

-5.40%

 

 

LLS

Feb-24

$77.22

$78.14

-1.20%

-$0.92

$79.25

-2.57%

$77.31

-0.12%

 

 

Mars

Feb-24

$74.39

$75.48

-1.47%

-$1.09

$76.69

-3.01%

$73.14

1.71%

 

 

Sour

Feb-24

$74.79

$76.06

-1.70%

-$1.27

$76.34

-2.03%

$70.69

5.80%

 

 

ESPO

Feb-24

$77.65

$79.07

-1.83%

-$1.42

$79.47

-2.29%

$74.89

3.69%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/27/23

12/26/23

% Change

Change

11/28/23

% Change

12/28/22

% Change

 

 

NY Heating Oil

Jan-24

$2.63

$2.67

-1.39%

-$0.04

$2.81

-6.44%

$2.79

-5.67%

 

 

NY Gasoline

Jan-24

$2.18

$2.16

0.97%

$0.02

$2.17

0.69%

$2.16

1.11%

 

 

GC Gasoline

Jan-24

$2.08

$2.06

1.02%

$0.02

$2.07

0.73%

$2.06

1.17%

 

 

GC Jet

Jan-24

$2.56

$2.50

2.28%

$0.06

$2.62

-2.44%

$2.53

1.19%

 

 

Chicago Ethanol

Jan-24

$1.64

$1.62

1.23%

$0.02

$1.68

-2.67%

$2.16

-24.04%

 

 

Rotterdam Gasoil

Jan-24

$730.52

$731.24

-0.10%

-$0.71

$768.49

-4.94%

$711.11

2.73%

 

 

Singapore Jet Kero

Jan-24

$100.62

$100.07

0.55%

$0.55

$103.31

-2.60%

$98.68

1.96%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/27/23

12/26/23

% Change

Change

11/28/23

% Change

12/28/22

% Change

 

 

Henry Hub Straddle

Feb-24

73.65%

81.72%

-9.88%

-8.07%

71.24%

3.38%

58.27%

26.39%

 

 

Algonquin Straddle

Feb-24

102.89%

103.95%

-1.02%

-1.06%

87.29%

17.87%

87.20%

17.99%

 

 

Waha Straddle

Feb-24

85.17%

92.93%

-8.35%

-7.76%

75.46%

12.87%

69.45%

22.63%

 

 

Chicago Straddle

Feb-24

76.77%

85.13%

-9.82%

-8.36%

69.98%

9.70%

54.02%

42.11%

 

 

PJM West Straddle

Feb-24

83.48%

83.50%

-0.02%

-0.02%

78.75%

6.01%

68.06%

22.66%

 

 

SP – 15 Straddle

Feb-24

52.29%

75.63%

-30.86%

-23.34%

59.43%

-12.01%

62.95%

-16.93%

 

 

Mid. C Straddle

Feb-24

130.75%

241.73%

-45.91%

-110.98%

141.58%

-7.65%

91.79%

42.44%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/27/23

12/26/23

% Change

Change

11/28/23

% Change

12/28/22

% Change

 

 

Dutch TTF

Feb-24

EUR 35.85

EUR 34.55

3.76%

EUR 1.30

EUR 44.35

-19.16%

EUR 90.17

-60.24%

 

 

NBP

Feb-24

GBP 90.32

GBP 86.44

4.49%

GBP 3.88

GBP 114.33

-21.00%

GBP 239.12

-62.23%

 

 

German Base

Feb-24

EUR 101.32

EUR 97.48

3.94%

EUR 3.85

EUR 108.99

-7.04%

EUR 296.31

-65.81%

 

 

UK Base

Feb-24

GBP 93.96

GBP 86.85

8.19%

GBP 7.11

GBP 107.80

-12.83%

GBP 230.49

-59.23%

 

 

French Base

Feb-24

EUR 103.33

EUR 99.41

3.95%

EUR 3.92

EUR 119.76

-13.72%

EUR 427.79

-75.85%

 

 

Italian Base

Feb-24

EUR 118.19

EUR 113.71

3.94%

EUR 4.49

EUR 129.24

-8.55%

EUR 242.66

-51.29%

 

 

JKM LNG

Feb-24

$12.31

$11.72

5.08%

$0.60

$16.16

-23.81%

$23.46

-47.53%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/27/23

12/26/23

% Change

Change

11/28/23

% Change

12/28/22

% Change

 

 

TD3C FFA Middle East to China (WET)

Feb-24

$35.85

$34.55

3.76%

$1.30

$44.35

-19.16%

$90.17

-60.24%

 

 

USGC-UK Continent Dirty (WET)

Feb-24

$90.32

$86.44

4.49%

$3.88

$114.33

-21.00%

$239.12

-62.23%

 

 

TD20 West Africa to UK Continent (WET)

Feb-24

$101.32

$97.48

3.94%

$3.85

$108.99

-7.04%

$296.31

-65.81%

 

 

LPG FFA Middle East Gulf to East (WET)

Feb-24

$93.96

$86.85

8.19%

$7.11

$107.80

-12.83%

$230.49

-59.23%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Feb-24

$103.33

$99.41

3.95%

$3.92

$119.76

-13.72%

$427.79

-75.85%

 

 

Supramax Timecharter (DRY)

Feb-24

$118.19

$113.71

3.94%

$4.49

$129.24

-8.55%

$242.66

-51.29%

 

 

Capesize Timecharter (DRY)

Feb-24

$12.31

$11.72

5.08%

$0.60

$16.16

-23.81%

$23.46

-47.53%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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