Prices as of 8:19 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$1.778

$1.576

12.82%

$0.202

51,877

 

 

WTI

$77.01

$78.18

-1.50%

-$1.17

82,656

 

 

Brent

$82.28

$82.34

-0.07%

-$0.06

6,503

 

 

ULSD

$2.719

$2.731

-0.46%

-$0.012

4,779

 

 

RBOB

$2.295

$2.277

0.77%

$0.017

2,743

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.29

$5.30

-0.19%

-$0.01

Apr-24

 

 

3:2:1 Crack

$31.14

$30.70

1.42%

$0.44

Apr-24

 

 

PJM West Spark

$24.60

$28.75

-14.42%

-$4.14

Mar-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

02/16/24

621

-2

-139

02/17/23

 

 

Canada

02/16/24

234

2

-14

02/17/23

 

 

International

Jan

965

10

64

Jan

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 2/6/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

95,524

94,586

95,225

-639

 

 

PJM West Off Peak

83,302

82,992

82,990

2

 

 

Natural Gas Henry Hub

387,181

366,528

376,294

-9,766

 

 

WTI – Light Sweet Crude Futures

292,856

247,575

212,857

34,718

 

 

Brent Crude Last Day

115,156

105,923

105,899

24

 

 

NYM Ethanol

44,776

43,981

44,419

-438

 

 

Mt Belvieu LDH Propane Swap

150,907

150,075

150,643

-568

 

 

RBOB

377,032

352,552

359,527

-6,975

 

 

HSC Basis

734,074

726,569

727,095

-526

 

 

 

 

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

 

 

 

 

02/15/19

 

 

 

2/9/24

2/2/24

Net Change

% Change

2/10/23

% Change

5 Year Avg.

% Change

 

 

East

536

568

-32

-5.63%

498

7.63%

468

14.53%

 

 

Midwest

662

689

-27

-3.92%

601

10.15%

552

19.88%

 

 

Mountain

178

183

-5

-2.73%

114

56.14%

114

56.41%

 

 

Pacific

222

228

-6

-2.63%

122

81.97%

176

26.28%

 

 

South

936

916

20

2.18%

931

0.54%

791

18.30%

 

 

    Salt

271

257

14

5.45%

262

3.44%

230

17.93%

 

 

    Non_Salt

665

659

6

0.91%

670

-0.75%

562

18.37%

 

 

Total

2,535

2,584

-49

-1.90%

2,266

11.87%

2,101

20.65%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/20/24

2/16/24

% Change

Change

1/22/24

% Change

2/21/23

% Change

 

 

PJM West On Peak

Mar-24

$28.43

$32.12

-11.49%

-$3.69

$36.67

-22.47%

$44.20

-35.68%

 

 

ERCOT North On Peak

Mar-24

$27.24

$27.21

0.11%

$0.03

$29.19

-6.69%

$36.68

-25.75%

 

 

CAISO SP 15 On Peak

Mar-24

$32.25

$31.25

3.20%

$1.00

$35.09

-8.10%

$52.99

-39.13%

 

 

MISO Indiana On Peak

Mar-24

$27.96

$31.47

-11.15%

-$3.51

$34.51

-18.99%

$44.83

-37.63%

 

 

NEISO Mass On Peak

Mar-24

$33.03

$34.94

-5.48%

-$1.91

$48.01

-31.20%

$74.60

-55.72%

 

 

WECC Mid C On Peak

Mar-24

$54.79

$55.45

-1.18%

-$0.66

$82.39

-33.49%

$64.58

-15.15%

 

 

NYISO Zone G On Peak

Mar-24

$29.91

$34.76

-13.95%

-$4.85

$42.52

-29.64%

$56.24

-46.81%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/20/24

2/16/24

% Change

Change

1/22/24

% Change

2/21/23

% Change

 

 

NYMEX Henry Hub

Mar-24

$1.576

$1.609

-2.05%

-$0.03

$2.13

-25.84%

$3.40

-53.65%

 

 

Houston Ship Channel

Mar-24

-$0.263

-$0.267

-1.39%

$0.00

-$0.19

40.93%

-$0.37

-28.52%

 

 

Chicago

Mar-24

-$0.027

-$0.010

-61.94%

-$0.02

-$0.02

8.06%

-$0.06

-57.12%

 

 

Waha

Mar-24

-$0.773

-$0.779

-0.68%

$0.01

-$1.11

-30.28%

-$0.78

-0.41%

 

 

Algonquin

Mar-24

$0.890

$0.941

-5.44%

-$0.05

$1.82

-51.21%

$4.22

-78.92%

 

 

Aeco

Mar-24

-$0.356

-$0.366

-2.81%

$0.01

-$0.74

-52.00%

-$1.24

-71.35%

 

 

Socal

Mar-24

$0.402

$0.445

-9.61%

-$0.04

$0.21

88.21%

$0.70

-42.82%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/20/24

2/16/24

% Change

Change

1/22/24

% Change

2/21/23

% Change

 

 

Mt. Belvieu Propane LST

Mar-24

$0.852

$0.900

-5.33%

-$0.05

$0.81

5.47%

$0.82

3.27%

 

 

Mt. Belvieu Propane non LST

Mar-24

$0.864

$0.902

-4.21%

-$0.04

$0.81

6.49%

$0.83

4.73%

 

 

Mt. Belview Ethane

Mar-24

$0.179

$0.175

2.22%

$0.00

$0.19

-5.85%

$0.26

-31.28%

 

 

Mt. Belview Nat. Gasoline

Mar-24

$1.530

$1.581

-3.22%

-$0.05

$1.48

3.28%

$1.63

-6.14%

 

 

Mt. Belvieu Butane LST

Mar-24

$1.028

$1.049

-1.93%

-$0.02

$0.97

5.89%

$0.99

3.92%

 

 

Far East Propane

Mar-24

$6.100

$6.169

-1.11%

-$0.07

$5.95

2.55%

$5.85

4.34%

 

 

Saudi Propane

Mar-24

$6.199

$6.210

-0.18%

-$0.01

$5.73

8.19%

$5.64

9.87%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/20/24

2/16/24

% Change

Change

1/22/24

% Change

2/21/23

% Change

 

 

WTI

Apr-24

$77.04

$78.46

-1.84%

-$1.42

$74.65

3.20%

$73.02

5.51%

 

 

Brent

Apr-24

$82.34

$83.47

-1.37%

-$1.13

$79.60

3.44%

$78.36

5.08%

 

 

WCS

Apr-24

-$18.64

-$17.51

6.05%

-$1.13

-$17.27

7.91%

-$17.75

5.00%

 

 

LLS

Apr-24

$79.37

$80.53

-1.46%

-$1.16

$76.97

3.11%

$74.79

6.12%

 

 

Mars

Apr-24

$76.52

$77.95

-1.87%

-$1.43

$75.00

2.03%

$70.35

8.78%

 

 

Sour

Apr-24

$78.04

$78.54

-0.64%

-$0.50

$74.89

4.20%

$70.62

10.50%

 

 

ESPO

Apr-24

$80.34

$81.47

-1.41%

-$1.13

$77.60

3.53%

$75.39

6.57%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/20/24

2/16/24

% Change

Change

1/22/24

% Change

2/21/23

% Change

 

 

NY Heating Oil

Mar-24

$2.73

$2.81

-2.70%

-$0.08

$2.67

2.43%

$2.63

4.11%

 

 

NY Gasoline

Mar-24

$2.28

$2.33

-2.27%

-$0.05

$2.26

0.80%

$2.17

5.17%

 

 

GC Gasoline

Mar-24

$2.18

$2.23

-2.37%

-$0.05

$2.16

0.83%

$2.07

5.42%

 

 

GC Jet

Mar-24

$2.59

$2.70

-3.93%

-$0.11

$2.51

3.10%

$2.74

-5.37%

 

 

Chicago Ethanol

Mar-24

$1.49

$1.48

0.54%

$0.01

$1.62

-8.02%

$2.01

-25.72%

 

 

Rotterdam Gasoil

Mar-24

$778.00

$788.99

-1.39%

-$11.00

$725.64

7.22%

$707.81

9.92%

 

 

Singapore Jet Kero

Mar-24

$104.05

$103.33

0.69%

$0.72

$96.88

7.40%

$95.85

8.56%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/20/24

2/16/24

% Change

Change

1/22/24

% Change

2/21/23

% Change

 

 

Henry Hub Straddle

Apr-24

70.30%

72.57%

-3.13%

-2.27%

60.54%

16.12%

69.67%

0.90%

 

 

Algonquin Straddle

Apr-24

67.50%

64.32%

4.94%

3.18%

55.03%

22.66%

71.32%

-5.36%

 

 

Waha Straddle

Apr-24

119.36%

111.42%

7.13%

7.94%

112.16%

6.42%

88.12%

35.45%

 

 

Chicago Straddle

Apr-24

71.19%

71.88%

-0.96%

-0.69%

62.84%

13.29%

69.42%

2.55%

 

 

PJM West Straddle

Apr-24

45.53%

47.34%

-3.82%

-1.81%

40.28%

13.03%

43.03%

5.81%

 

 

SP – 15 Straddle

Apr-24

69.45%

71.05%

-2.25%

-1.60%

28.78%

141.31%

28.01%

147.95%

 

 

Mid. C Straddle

Apr-24

235.30%

294.05%

-19.98%

-58.75%

358.34%

-34.34%

60.93%

286.18%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/20/24

2/16/24

% Change

Change

1/22/24

% Change

2/21/23

% Change

 

 

Dutch TTF

Apr-24

EUR 23.79

EUR 24.85

-4.26%

-EUR 1.06

EUR 27.96

-14.91%

EUR 53.63

-55.64%

 

 

NBP

Apr-24

GBP 57.84

GBP 60.12

-3.79%

-GBP 2.28

GBP 67.14

-13.84%

GBP 139.93

-58.66%

 

 

German Base

Apr-24

EUR 52.11

EUR 53.83

-3.18%

-EUR 1.71

EUR 61.28

-14.97%

EUR 145.15

-64.10%

 

 

UK Base

Apr-24

GBP 53.18

GBP 56.26

-5.48%

-GBP 3.08

GBP 62.27

-14.60%

GBP 128.09

-58.49%

 

 

French Base

Apr-24

EUR 49.48

EUR 51.27

-3.48%

-EUR 1.79

EUR 57.66

-14.19%

EUR 131.09

-62.25%

 

 

Italian Base

Apr-24

EUR 73.84

EUR 76.58

-3.58%

-EUR 2.74

EUR 85.62

-13.77%

EUR 151.48

-51.26%

 

 

JKM LNG

Apr-24

$8.94

$9.29

-3.76%

-$0.35

$9.47

-5.51%

$17.83

-49.83%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/20/24

2/16/24

% Change

Change

1/22/24

% Change

2/21/23

% Change

 

 

TD3C FFA Middle East to China (WET)

Apr-24

$23.79

$24.85

-4.26%

-$1.06

$27.96

-14.91%

$53.63

-55.64%

 

 

USGC-UK Continent Dirty (WET)

Apr-24

$57.84

$60.12

-3.79%

-$2.28

$67.14

-13.84%

$139.93

-58.66%

 

 

TD20 West Africa to UK Continent (WET)

Apr-24

$52.11

$53.83

-3.18%

-$1.71

$61.28

-14.97%

$145.15

-64.10%

 

 

LPG FFA Middle East Gulf to East (WET)

Apr-24

$53.18

$56.26

-5.48%

-$3.08

$62.27

-14.60%

$128.09

-58.49%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Apr-24

$49.48

$51.27

-3.48%

-$1.79

$57.66

-14.19%

$131.09

-62.25%

 

 

Supramax Timecharter (DRY)

Apr-24

$73.84

$76.58

-3.58%

-$2.74

$85.62

-13.77%

$151.48

-51.26%

 

 

Capesize Timecharter (DRY)

Apr-24

$8.94

$9.29

-3.76%

-$0.35

$9.47

-5.51%

$17.83

-49.83%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

02/17/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

0

0

0

NA

NA

 

 

Middle Atlantic

0

0

0

0

0

0

NA

NA

 

 

E N Central

0

0

0

0

0

0

NA

NA

 

 

W N Central

0

0

0

0

0

0

NA

NA

 

 

South Atlantic

6

-1

-2

25

-26

-28

NA

NA

 

 

E S Central

0

-1

-1

0

-8

-3

NA

NA

 

 

W S Central

0

-4

-2

5

-18

-16

NA

NA

 

 

Mountain

0

-1

0

0

-3

0

NA

NA

 

 

Pacific

0

0

0

0

-2

0

NA

NA

 

 

United States

1

0

-1

5

-7

-7

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

02/17/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

237

-31

62

3,778

-595

104

-14.00%

3.00%

 

 

Middle Atlantic

228

-21

75

3,509

-458

91

-12.00%

3.00%

 

 

E N Central

234

-34

35

3,784

-663

-174

-15.00%

-4.00%

 

 

W N Central

237

-35

-4

4,001

-772

-504

-16.00%

-11.00%

 

 

South Atlantic

94

-34

15

1,816

-235

8

-11.00%

0.00%

 

 

E S Central

125

-32

13

2,345

-287

48

-11.00%

2.00%

 

 

W S Central

98

-6

-5

1,668

-103

13

-6.00%

1.00%

 

 

Mountain

201

16

-27

3,268

-298

-396

-8.00%

-11.00%

 

 

Pacific

127

18

-24

1,902

-190

-277

-9.00%

-13.00%

 

 

United States

167

-18

17

2,745

-376

-107

-12.00%

-4.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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