Prices as of 9:23 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.559

$2.514

1.79%

$0.045

62,923

 

 

WTI

$71.50

$71.65

-0.21%

-$0.15

158,624

 

 

Brent

$77.05

$78.42

-1.75%

-$1.37

12,368

 

 

ULSD

$2.542

$2.553

-0.45%

-$0.012

10,869

 

 

RBOB

$2.105

$2.103

0.13%

$0.003

13,029

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.34

$5.20

2.69%

$0.14

Mar-24

 

 

3:2:1 Crack

$22.95

$22.62

1.46%

$0.33

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.

12/29/24

622

2

-157

12/31/23

 

 

Canada

12/29/24

86

-60

2

12/31/23

 

 

International

Nov

978

16

68

Nov

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 12/26/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

93,262

92,654

92,994

-340

 

 

PJM West Off Peak

83,889

83,462

83,706

-244

 

 

Natural Gas Henry Hub

400,999

377,797

390,703

-12,906

 

 

WTI – Light Sweet Crude Futures

148,056

128,059

115,285

12,774

 

 

Brent Crude Last Day

133,261

124,004

124,650

-646

 

 

NYM Ethanol

40,035

39,422

39,299

123

 

 

Mt Belvieu LDH Propane Swap

143,008

142,646

142,685

-39

 

 

RBOB

333,819

308,870

316,817

-7,947

 

 

HSC Basis

753,191

745,338

742,749

2,589

 

 

 

 

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

12/29/23

12/28/23

% Change

Change

11/30/23

% Change

12/30/22

% Change

 

 

PJM West On Peak

Jan-24

$50.02

$48.12

3.95%

$1.90

$57.39

-12.83%

$111.36

-55.08%

 

 

ERCOT North On Peak

Jan-24

$45.91

$44.64

2.83%

$1.26

$73.95

-37.92%

$79.48

-42.24%

 

 

CAISO SP 15 On Peak

Jan-24

$56.10

$52.35

7.16%

$3.75

$70.70

-20.65%

$114.71

-51.09%

 

 

MISO Indiana On Peak

Jan-24

$44.08

$41.90

5.20%

$2.18

$52.21

-15.56%

$99.19

-55.56%

 

 

NEISO Mass On Peak

Jan-24

$73.49

$78.95

-6.92%

-$5.46

$113.56

-35.29%

$229.53

-67.98%

 

 

WECC Mid C On Peak

Jan-24

$85.55

$80.43

6.36%

$5.12

$118.92

-28.06%

$151.20

-43.42%

 

 

NYISO Zone G On Peak

Jan-24

$60.48

$63.71

-5.06%

-$3.23

$84.64

-28.54%

$177.46

-65.92%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/29/23

12/28/23

% Change

Change

11/30/23

% Change

12/30/22

% Change

 

 

NYMEX Henry Hub

Feb-24

$2.514

$2.557

-1.68%

-$0.04

$2.76

-9.01%

$4.94

-49.13%

 

 

Houston Ship Channel

Feb-24

-$0.126

-$0.133

-5.20%

$0.01

$0.33

-137.54%

-$0.09

47.54%

 

 

Chicago

Feb-24

$0.250

$0.280

11.98%

-$0.03

$0.62

-59.56%

$0.88

-71.48%

 

 

Waha

Feb-24

-$0.433

-$0.448

-3.42%

$0.02

-$0.01

2903.47%

-$0.39

9.86%

 

 

Algonquin

Feb-24

$6.418

$6.775

-5.27%

-$0.36

$9.05

-29.05%

$21.06

-69.53%

 

 

Aeco

Feb-24

-$1.060

-$1.055

0.43%

$0.00

-$0.84

26.76%

-$1.36

-22.02%

 

 

Socal

Feb-24

$1.085

$1.087

-0.20%

$0.00

$2.16

-49.83%

$2.54

-57.31%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/29/23

12/28/23

% Change

Change

11/30/23

% Change

12/30/22

% Change

 

 

Mt. Belvieu Propane LST

Jan-24

$0.700

$0.696

0.54%

$0.00

$0.66

5.66%

$0.85

-17.42%

 

 

Mt. Belvieu Propane non LST

Jan-24

$0.707

$0.707

0.00%

$0.00

$0.65

9.25%

$0.85

-16.52%

 

 

Mt. Belview Ethane

Jan-24

$0.186

$0.190

-1.96%

$0.00

$0.22

-13.86%

$0.29

-35.89%

 

 

Mt. Belview Nat. Gasoline

Jan-24

$1.429

$1.440

-0.79%

-$0.01

$1.49

-4.37%

$1.59

-10.09%

 

 

Mt. Belvieu Butane LST

Jan-24

$1.056

$1.023

3.22%

$0.03

$0.92

15.06%

$1.04

1.61%

 

 

Far East Propane

Jan-24

$6.679

$6.719

-0.60%

-$0.04

$6.64

0.58%

$5.63

18.69%

 

 

Saudi Propane

Jan-24

$6.299

$6.320

-0.33%

-$0.02

$6.10

3.33%

$5.20

21.06%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/29/23

12/28/23

% Change

Change

11/30/23

% Change

12/30/22

% Change

 

 

WTI

Feb-24

$71.65

$71.77

-0.17%

-$0.12

$76.05

-5.79%

$76.30

-6.09%

 

 

Brent

Feb-24

$77.11

$77.21

-0.13%

-$0.10

$80.86

-4.64%

$80.72

-4.48%

 

 

WCS

Feb-24

-$16.97

-$20.83

-22.75%

$3.86

-$21.90

-22.50%

-$24.04

-29.41%

 

 

LLS

Feb-24

$74.87

$76.26

-1.86%

-$1.39

$79.60

-5.94%

$77.58

-3.50%

 

 

Mars

Feb-24

$72.56

$73.83

-1.75%

-$1.27

$76.54

-5.19%

$73.43

-1.19%

 

 

Sour

Feb-24

$72.24

$72.08

0.23%

$0.16

$76.68

-5.79%

$72.36

-0.17%

 

 

ESPO

Feb-24

$75.11

$75.21

-0.13%

-$0.10

$78.86

-4.76%

$77.24

-2.76%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/29/23

12/28/23

% Change

Change

11/30/23

% Change

12/30/22

% Change

 

 

NY Heating Oil

Jan-24

$2.52

$2.57

-1.83%

-$0.05

$2.76

-8.66%

$2.80

-10.00%

 

 

NY Gasoline

Jan-24

$2.10

$2.13

-1.59%

-$0.03

$2.17

-3.54%

$2.22

-5.41%

 

 

GC Gasoline

Jan-24

$2.00

$2.03

-1.67%

-$0.03

$2.08

-3.71%

$2.12

-5.67%

 

 

GC Jet

Jan-24

$2.31

$2.39

-3.26%

-$0.08

$2.45

-5.48%

$2.53

-8.69%

 

 

Chicago Ethanol

Jan-24

$1.58

$1.60

-0.94%

-$0.01

$1.74

-9.09%

$2.15

-26.65%

 

 

Rotterdam Gasoil

Jan-24

$706.17

$722.05

-2.20%

-$15.88

$748.00

-5.59%

$730.21

-3.29%

 

 

Singapore Jet Kero

Jan-24

$97.43

$99.29

-1.87%

-$1.86

$106.59

-8.59%

$98.08

-0.66%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/29/23

12/28/23

% Change

Change

11/30/23

% Change

12/30/22

% Change

 

 

Henry Hub Straddle

Feb-24

78.76%

72.79%

8.20%

5.97%

67.53%

16.63%

66.77%

17.96%

 

 

Algonquin Straddle

Feb-24

99.09%

97.71%

1.41%

1.38%

89.23%

11.05%

96.78%

2.39%

 

 

Waha Straddle

Feb-24

90.45%

87.11%

3.83%

3.34%

78.33%

15.47%

78.61%

15.06%

 

 

Chicago Straddle

Feb-24

81.62%

76.03%

7.35%

5.59%

67.10%

21.64%

62.95%

29.66%

 

 

PJM West Straddle

Feb-24

80.78%

80.21%

0.71%

0.57%

78.07%

3.47%

69.32%

16.53%

 

 

SP – 15 Straddle

Feb-24

319.26%

307.99%

3.66%

11.27%

119.45%

167.28%

62.60%

410.00%

 

 

Mid. C Straddle

Feb-24

82.78%

154.16%

-46.30%

-71.38%

134.24%

-38.33%

91.47%

-9.50%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/29/23

12/28/23

% Change

Change

11/30/23

% Change

12/30/22

% Change

 

 

Dutch TTF

Feb-24

EUR 33.00

EUR 36.02

-8.37%

-EUR 3.02

EUR 42.34

-22.05%

EUR 86.37

-61.79%

 

 

NBP

Feb-24

GBP 83.04

GBP 90.81

-8.56%

-GBP 7.77

GBP 108.66

-23.58%

GBP 225.65

-63.20%

 

 

German Base

Feb-24

EUR 92.36

EUR 101.57

-9.07%

-EUR 9.22

EUR 107.21

-13.86%

EUR 282.93

-67.36%

 

 

UK Base

Feb-24

GBP 85.66

GBP 91.60

-6.49%

-GBP 5.94

GBP 103.57

-17.30%

GBP 223.30

-61.64%

 

 

French Base

Feb-24

EUR 92.27

EUR 101.21

-8.84%

-EUR 8.95

EUR 114.36

-19.32%

EUR 405.67

-77.26%

 

 

Italian Base

Feb-24

EUR 108.55

EUR 117.67

-7.75%

-EUR 9.12

EUR 123.51

-12.11%

EUR 222.76

-51.27%

 

 

JKM LNG

Feb-24

$11.40

$11.36

0.35%

$0.04

$15.90

-28.30%

$29.35

-61.14%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/29/23

12/28/23

% Change

Change

11/30/23

% Change

12/30/22

% Change

 

 

TD3C FFA Middle East to China (WET)

Feb-24

$33.00

$36.02

-8.37%

-$3.02

$42.34

-22.05%

$86.37

-61.79%

 

 

USGC-UK Continent Dirty (WET)

Feb-24

$83.04

$90.81

-8.56%

-$7.77

$108.66

-23.58%

$225.65

-63.20%

 

 

TD20 West Africa to UK Continent (WET)

Feb-24

$92.36

$101.57

-9.07%

-$9.22

$107.21

-13.86%

$282.93

-67.36%

 

 

LPG FFA Middle East Gulf to East (WET)

Feb-24

$85.66

$91.60

-6.49%

-$5.94

$103.57

-17.30%

$223.30

-61.64%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Feb-24

$92.27

$101.21

-8.84%

-$8.95

$114.36

-19.32%

$405.67

-77.26%

 

 

Supramax Timecharter (DRY)

Feb-24

$108.55

$117.67

-7.75%

-$9.12

$123.51

-12.11%

$222.76

-51.27%

 

 

Capesize Timecharter (DRY)

Feb-24

$11.40

$11.36

0.35%

$0.04

$15.90

-28.30%

$29.35

-61.14%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/30/2023

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

5

-1

3

2,053

90

-152

5.00%

-7.00%

 

 

E S Central

0

-1

0

1,632

85

-93

5.00%

-5.00%

 

 

W S Central

1

-1

1

2,940

491

18

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

1

1,306

90

-164

7.00%

-11.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/30/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

183

-84

-91

2,081

-342

-66

-14.00%

-3.00%

 

 

Middle Atlantic

179

-68

-89

1,894

-261

-162

-12.00%

-8.00%

 

 

E N Central

173

-107

-117

2,050

-381

-309

-16.00%

-13.00%

 

 

W N Central

206

-99

-107

2,136

-515

-507

-19.00%

-19.00%

 

 

South Atlantic

94

-45

-94

946

-117

-157

-11.00%

-14.00%

 

 

E S Central

134

-45

-83

1,180

-204

-218

-15.00%

-16.00%

 

 

W S Central

125

-6

-30

796

-90

-141

-10.00%

-15.00%

 

 

Mountain

210

-8

21

1,818

-298

-296

-14.00%

-14.00%

 

 

Pacific

109

-24

5

1,003

-231

-228

-19.00%

-19.00%

 

 

United States

147

-54

-67

1,460

-250

-224

-15.00%

-13.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

To opt out of this email please follow this link.

Campbell Faulkner | OTC Global Holdings

Quality Data – Reliable Service – Affordable Price

5151 San Felipe Suite 2200
Houston, TX 77056
faulkner.c@otcgh.com
eoxlive.com/market-data

 

This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.