Prices as of 9:34 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.790

$2.870

-2.79%

-$0.080

52,618

 

 

WTI

$73.10

$72.56

0.74%

$0.54

33,550

 

 

Brent

$78.27

$77.88

0.50%

$0.39

14,167

 

 

ULSD

$2.664

$2.654

0.40%

$0.011

9,115

 

 

RBOB

$2.143

$2.135

0.34%

$0.007

7,650

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.28

$5.40

-2.22%

-$0.12

Mar-24

 

 

3:2:1 Crack

$24.42

$24.50

-0.34%

-$0.08

Feb-24

 

 

PJM West Spark

$48.95

$52.03

-5.91%

-$3.08

Feb-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

01/12/24

619

-2

-156

01/13/23

 

 

Canada

01/12/24

213

88

-14

01/13/23

 

 

International

Dec

955

-23

55

Dec

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 1/9/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

88,796

88,454

88,436

18

 

 

PJM West Off Peak

79,584

79,198

79,448

-250

 

 

Natural Gas Henry Hub

382,360

360,699

372,175

-11,476

 

 

WTI – Light Sweet Crude Futures

439,204

375,265

321,052

54,213

 

 

Brent Crude Last Day

128,971

119,714

121,600

-1,886

 

 

NYM Ethanol

38,914

38,127

38,363

-236

 

 

Mt Belvieu LDH Propane Swap

139,634

138,966

139,377

-411

 

 

RBOB

343,969

321,230

325,963

-4,733

 

 

HSC Basis

719,114

710,131

712,131

-2,000

 

 

 

 

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

 

 

 

 

01/18/19

 

 

 

1/12/24

1/5/24

Net Change

% Change

1/13/23

% Change

5 Year Avg.

% Change

 

 

East

715

757

-42

-5.55%

662

8.01%

654

9.26%

 

 

Midwest

873

924

-51

-5.52%

785

11.21%

774

12.76%

 

 

Mountain

208

220

-12

-5.45%

147

41.50%

149

39.41%

 

 

Pacific

257

275

-18

-6.55%

157

63.69%

208

23.80%

 

 

South

1,128

1,160

-32

-2.76%

1,069

5.52%

1,005

12.19%

 

 

    Salt

332

332

0

0.00%

307

8.14%

307

8.21%

 

 

    Non_Salt

796

828

-32

-3.86%

762

4.46%

699

13.94%

 

 

Total

3,182

3,336

-154

-4.62%

2,820

12.84%

2,791

14.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/17/24

1/16/24

% Change

Change

12/15/23

% Change

1/18/23

% Change

 

 

PJM West On Peak

Feb-24

$54.92

$58.17

-5.59%

-$3.25

$51.34

6.98%

$88.66

-38.06%

 

 

ERCOT North On Peak

Feb-24

$68.66

$64.84

5.88%

$3.81

$69.83

-1.68%

$73.95

-7.15%

 

 

CAISO SP 15 On Peak

Feb-24

$49.25

$49.62

-0.74%

-$0.37

$50.12

-1.74%

$84.08

-41.42%

 

 

MISO Indiana On Peak

Feb-24

$49.56

$53.48

-7.33%

-$3.92

$45.07

9.96%

$77.12

-35.73%

 

 

NEISO Mass On Peak

Feb-24

$82.64

$92.15

-10.33%

-$9.52

$91.73

-9.91%

$151.48

-45.45%

 

 

WECC Mid C On Peak

Feb-24

$114.00

$102.50

11.22%

$11.50

$90.32

26.21%

$111.87

1.90%

 

 

NYISO Zone G On Peak

Feb-24

$74.45

$79.06

-5.84%

-$4.62

$69.25

7.51%

$127.88

-41.78%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/17/24

1/16/24

% Change

Change

12/15/23

% Change

1/18/23

% Change

 

 

NYMEX Henry Hub

Feb-24

$2.870

$2.900

-1.03%

-$0.03

$2.42

18.35%

$4.44

-35.33%

 

 

Houston Ship Channel

Feb-24

-$0.222

-$0.148

50.17%

-$0.07

-$0.01

1442.36%

-$0.09

155.58%

 

 

Chicago

Feb-24

$0.649

$1.126

73.46%

-$0.48

$0.41

58.29%

$0.98

-34.03%

 

 

Waha

Feb-24

-$0.505

-$0.307

-64.68%

-$0.20

-$0.22

134.31%

-$0.26

95.97%

 

 

Algonquin

Feb-24

$5.999

$6.274

-4.38%

-$0.27

$7.92

-24.25%

$14.60

-58.91%

 

 

Aeco

Feb-24

-$1.083

-$1.258

-13.91%

$0.17

-$0.89

21.54%

-$1.25

-13.26%

 

 

Socal

Feb-24

$1.847

$2.001

-7.69%

-$0.15

$1.52

21.67%

$3.12

-40.72%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/17/24

1/16/24

% Change

Change

12/15/23

% Change

1/18/23

% Change

 

 

Mt. Belvieu Propane LST

Feb-24

$0.825

$0.796

3.55%

$0.03

$0.64

29.86%

$0.90

-8.11%

 

 

Mt. Belvieu Propane non LST

Feb-24

$0.795

$0.800

-0.62%

$0.00

$0.63

25.71%

$0.90

-12.04%

 

 

Mt. Belview Ethane

Feb-24

$0.203

$0.242

-16.34%

-$0.04

$0.20

-0.77%

$0.28

-27.70%

 

 

Mt. Belview Nat. Gasoline

Feb-24

$1.450

$1.455

-0.34%

$0.00

$1.44

0.39%

$1.60

-9.53%

 

 

Mt. Belvieu Butane LST

Feb-24

$1.020

$1.012

0.75%

$0.01

$0.91

11.76%

$1.06

-3.95%

 

 

Far East Propane

Feb-24

$6.040

$6.205

-2.66%

-$0.16

$6.64

-9.03%

$6.04

-0.02%

 

 

Saudi Propane

Feb-24

$5.735

$5.760

-0.43%

-$0.03

$5.94

-3.46%

$5.84

-1.81%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/17/24

1/16/24

% Change

Change

12/15/23

% Change

1/18/23

% Change

 

 

WTI

Mar-24

$72.48

$72.52

-0.06%

-$0.04

$72.05

0.60%

$75.74

-4.30%

 

 

Brent

Mar-24

$77.88

$78.29

-0.53%

-$0.41

$76.76

1.46%

$80.63

-3.41%

 

 

WCS

Mar-24

-$18.11

-$19.57

-8.05%

$1.46

-$20.22

-10.43%

-$21.03

-13.88%

 

 

LLS

Mar-24

$74.25

$75.11

-1.15%

-$0.85

$75.14

-1.18%

$79.72

-6.85%

 

 

Mars

Mar-24

$71.89

$72.70

-1.14%

-$0.82

$72.03

-0.19%

$72.70

-1.12%

 

 

Sour

Mar-24

$73.44

$73.06

0.52%

$0.38

$72.16

1.78%

$72.46

1.36%

 

 

ESPO

Mar-24

$75.88

$76.29

-0.54%

-$0.41

$74.76

1.50%

$77.05

-1.52%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/17/24

1/16/24

% Change

Change

12/15/23

% Change

1/18/23

% Change

 

 

NY Heating Oil

Feb-24

$2.65

$2.70

-1.74%

-$0.05

$2.60

2.20%

$2.79

-4.98%

 

 

NY Gasoline

Feb-24

$2.12

$2.12

0.05%

$0.00

$2.14

-1.03%

$2.27

-6.57%

 

 

GC Gasoline

Feb-24

$2.02

$2.02

0.05%

$0.00

$2.04

-1.08%

$2.17

-6.87%

 

 

GC Jet

Feb-24

$2.55

$2.56

-0.66%

-$0.02

$2.37

7.47%

$2.53

0.63%

 

 

Chicago Ethanol

Feb-24

$1.57

$1.63

-3.38%

-$0.05

$1.62

-3.09%

$2.00

-21.30%

 

 

Rotterdam Gasoil

Feb-24

$720.13

$736.73

-2.25%

-$16.60

$710.23

1.39%

$772.03

-6.72%

 

 

Singapore Jet Kero

Feb-24

$98.41

$100.01

-1.60%

-$1.60

$98.19

0.22%

$102.55

-4.04%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/17/24

1/16/24

% Change

Change

12/15/23

% Change

1/18/23

% Change

 

 

Henry Hub Straddle

Mar-24

64.84%

81.73%

-20.67%

-16.89%

66.30%

-2.20%

67.30%

-3.66%

 

 

Algonquin Straddle

Mar-24

93.44%

113.84%

-17.92%

-20.40%

107.72%

-13.26%

144.84%

-35.49%

 

 

Waha Straddle

Mar-24

92.83%

108.04%

-14.08%

-15.21%

91.64%

1.30%

90.30%

2.80%

 

 

Chicago Straddle

Mar-24

73.88%

90.05%

-17.96%

-16.17%

68.51%

7.84%

69.37%

6.50%

 

 

PJM West Straddle

Mar-24

73.34%

74.14%

-1.08%

-0.80%

60.73%

20.76%

42.08%

74.29%

 

 

SP – 15 Straddle

Mar-24

63.63%

70.53%

-9.78%

-6.90%

70.04%

-9.15%

50.18%

26.80%

 

 

Mid. C Straddle

Mar-24

172.74%

216.19%

-20.10%

-43.45%

169.96%

1.64%

70.64%

144.54%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/17/24

1/16/24

% Change

Change

12/15/23

% Change

1/18/23

% Change

 

 

Dutch TTF

Mar-24

EUR 27.83

EUR 29.76

-6.47%

-EUR 1.92

EUR 34.14

-18.47%

EUR 70.24

-60.37%

 

 

NBP

Mar-24

GBP 67.15

GBP 73.17

-8.22%

-GBP 6.01

GBP 84.57

-20.59%

GBP 184.33

-63.57%

 

 

German Base

Mar-24

EUR 67.50

EUR 70.27

-3.94%

-EUR 2.77

EUR 82.91

-18.59%

EUR 181.13

-62.74%

 

 

UK Base

Mar-24

GBP 66.07

GBP 68.15

-3.05%

-GBP 2.08

GBP 79.74

-17.14%

GBP 192.68

-65.71%

 

 

French Base

Mar-24

EUR 64.28

EUR 68.76

-6.52%

-EUR 4.48

EUR 82.76

-22.33%

EUR 217.02

-70.38%

 

 

Italian Base

Mar-24

EUR 90.93

EUR 90.65

0.31%

EUR 0.28

EUR 101.28

-10.22%

EUR 188.68

-51.81%

 

 

JKM LNG

Mar-24

$10.56

$10.54

0.23%

$0.02

$11.71

-9.81%

$22.41

-52.88%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/17/24

1/16/24

% Change

Change

12/15/23

% Change

1/18/23

% Change

 

 

TD3C FFA Middle East to China (WET)

Mar-24

$27.83

$29.76

-6.47%

-$1.92

$34.14

-18.47%

$70.24

-60.37%

 

 

USGC-UK Continent Dirty (WET)

Mar-24

$67.15

$73.17

-8.22%

-$6.01

$84.57

-20.59%

$184.33

-63.57%

 

 

TD20 West Africa to UK Continent (WET)

Mar-24

$67.50

$70.27

-3.94%

-$2.77

$82.91

-18.59%

$181.13

-62.74%

 

 

LPG FFA Middle East Gulf to East (WET)

Mar-24

$66.07

$68.15

-3.05%

-$2.08

$79.74

-17.14%

$192.68

-65.71%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Mar-24

$64.28

$68.76

-6.52%

-$4.48

$82.76

-22.33%

$217.02

-70.38%

 

 

Supramax Timecharter (DRY)

Mar-24

$90.93

$90.65

0.31%

$0.28

$101.28

-10.22%

$188.68

-51.81%

 

 

Capesize Timecharter (DRY)

Mar-24

$10.56

$10.54

0.23%

$0.02

$11.71

-9.81%

$22.41

-52.88%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

01/13/2024

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

3

-5

-1

4

-10

-10

NA

NA

 

 

E S Central

0

-2

0

0

-4

-1

NA

NA

 

 

W S Central

0

-3

-4

0

-5

-11

NA

NA

 

 

Mountain

0

0

0

0

0

0

NA

NA

 

 

Pacific

0

0

0

0

0

0

NA

NA

 

 

United States

1

-1

-1

1

-3

-3

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

01/13/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

219

-62

-9

2,546

-434

-4

-15.00%

0.00%

 

 

Middle Atlantic

212

-49

10

2,336

-336

-60

-13.00%

-3.00%

 

 

E N Central

235

-60

12

2,528

-488

-235

-16.00%

-9.00%

 

 

W N Central

313

-4

49

2,708

-573

-434

-17.00%

-14.00%

 

 

South Atlantic

121

-25

3

1,211

-141

-67

-10.00%

-5.00%

 

 

E S Central

162

-26

33

1,535

-222

-67

-13.00%

-4.00%

 

 

W S Central

130

-7

57

1,068

-90

0

-8.00%

0.00%

 

 

Mountain

268

49

81

2,301

-254

-211

-10.00%

-8.00%

 

 

Pacific

165

34

48

1,301

-197

-181

-13.00%

-12.00%

 

 

United States

190

-19

28

1,841

-283

-135

-13.00%

-7.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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