Prices as of 8:38 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.385

$2.519

-5.32%

-$0.134

39,826

 

 

WTI

$74.11

$73.41

0.95%

$0.70

2,578

 

 

Brent

$79.06

$78.56

0.64%

$0.50

8,476

 

 

ULSD

$2.644

$2.662

-0.68%

-$0.018

5,644

 

 

RBOB

$2.197

$2.163

1.56%

$0.034

2,268

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.34

$5.31

0.57%

$0.03

Mar-24

 

 

3:2:1 Crack

$25.03

$24.72

1.24%

$0.31

Feb-24

 

 

PJM West Spark

$42.48

$46.32

-8.28%

-$3.84

Feb-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

01/19/24

620

1

-151

01/20/23

 

 

Canada

01/19/24

223

10

-18

01/20/23

 

 

International

Dec

955

-23

55

Dec

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 1/16/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

88,367

87,989

87,980

9

 

 

PJM West Off Peak

78,781

78,400

78,635

-235

 

 

Natural Gas Henry Hub

390,991

369,210

380,686

-11,476

 

 

WTI – Light Sweet Crude Futures

288,228

244,001

209,267

34,734

 

 

Brent Crude Last Day

131,595

121,958

124,395

-2,437

 

 

NYM Ethanol

41,346

40,531

40,761

-230

 

 

Mt Belvieu LDH Propane Swap

141,159

140,348

140,781

-433

 

 

RBOB

356,461

333,987

339,072

-5,085

 

 

HSC Basis

744,187

734,888

736,638

-1,750

 

 

 

 

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

1/19/24

1/18/24

% Change

Change

12/19/23

% Change

1/20/23

% Change

 

 

PJM West On Peak

Feb-24

$47.59

$51.71

-7.97%

-$4.12

$50.21

-5.22%

$87.06

-45.34%

 

 

ERCOT North On Peak

Feb-24

$55.28

$57.75

-4.28%

-$2.47

$68.98

-19.86%

$70.84

-21.97%

 

 

CAISO SP 15 On Peak

Feb-24

$47.00

$51.46

-8.67%

-$4.46

$43.52

8.00%

$81.22

-42.13%

 

 

MISO Indiana On Peak

Feb-24

$42.40

$46.53

-8.89%

-$4.14

$43.08

-1.58%

$75.68

-43.98%

 

 

NEISO Mass On Peak

Feb-24

$72.55

$74.37

-2.45%

-$1.82

$89.29

-18.74%

$146.04

-50.32%

 

 

WECC Mid C On Peak

Feb-24

$93.00

$103.47

-10.12%

-$10.47

$83.00

12.04%

$111.71

-16.75%

 

 

NYISO Zone G On Peak

Feb-24

$63.04

$64.74

-2.63%

-$1.70

$68.05

-7.37%

$123.01

-48.75%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/19/24

1/18/24

% Change

Change

12/19/23

% Change

1/20/23

% Change

 

 

NYMEX Henry Hub

Feb-24

$2.519

$2.697

-6.60%

-$0.18

$2.37

6.47%

$4.47

-43.67%

 

 

Houston Ship Channel

Feb-24

-$0.179

-$0.174

3.22%

-$0.01

-$0.05

281.49%

-$0.03

503.70%

 

 

Chicago

Feb-24

$0.598

$0.862

43.98%

-$0.26

$0.44

36.31%

$0.99

-39.80%

 

 

Waha

Feb-24

-$0.585

-$0.469

-24.87%

-$0.12

-$0.31

86.55%

-$0.27

114.43%

 

 

Algonquin

Feb-24

$5.507

$5.626

-2.13%

-$0.12

$7.23

-23.83%

$12.40

-55.59%

 

 

Aeco

Feb-24

-$0.893

-$0.960

-6.92%

$0.07

-$1.01

-11.77%

-$1.28

-30.39%

 

 

Socal

Feb-24

$1.565

$1.777

-11.92%

-$0.21

$1.55

0.92%

$2.72

-42.37%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/19/24

1/18/24

% Change

Change

12/19/23

% Change

1/20/23

% Change

 

 

Mt. Belvieu Propane LST

Feb-24

$0.830

$0.835

-0.54%

$0.00

$0.65

28.46%

$0.90

-7.93%

 

 

Mt. Belvieu Propane non LST

Feb-24

$0.845

$0.845

0.06%

$0.00

$0.66

28.52%

$0.90

-6.03%

 

 

Mt. Belview Ethane

Feb-24

$0.190

$0.197

-3.90%

-$0.01

$0.20

-3.33%

$0.28

-31.31%

 

 

Mt. Belview Nat. Gasoline

Feb-24

$1.455

$1.462

-0.51%

-$0.01

$1.49

-2.67%

$1.62

-10.15%

 

 

Mt. Belvieu Butane LST

Feb-24

$1.037

$1.061

-2.18%

-$0.02

$0.93

11.87%

$1.05

-1.52%

 

 

Far East Propane

Feb-24

$6.063

$6.140

-1.26%

-$0.08

$6.67

-9.15%

$6.00

1.05%

 

 

Saudi Propane

Feb-24

$5.900

$5.830

1.20%

$0.07

$6.13

-3.73%

$5.84

0.94%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/19/24

1/18/24

% Change

Change

12/19/23

% Change

1/20/23

% Change

 

 

WTI

Mar-24

$73.25

$73.95

-0.96%

-$0.70

$74.21

-1.29%

$77.27

-5.20%

 

 

Brent

Mar-24

$78.56

$79.10

-0.69%

-$0.54

$79.37

-1.02%

$82.43

-4.69%

 

 

WCS

Mar-24

-$19.06

-$19.37

-1.65%

$0.31

-$18.33

3.96%

-$21.69

-12.13%

 

 

LLS

Mar-24

$75.98

$76.60

-0.81%

-$0.62

$75.93

0.06%

$77.93

-2.51%

 

 

Mars

Mar-24

$73.64

$74.25

-0.83%

-$0.61

$74.52

-1.17%

$73.68

-0.06%

 

 

Sour

Mar-24

$73.98

$74.23

-0.34%

-$0.25

$74.34

-0.48%

$74.25

-0.36%

 

 

ESPO

Mar-24

$76.56

$77.10

-0.71%

-$0.54

$77.37

-1.05%

$80.41

-4.79%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/19/24

1/18/24

% Change

Change

12/19/23

% Change

1/20/23

% Change

 

 

NY Heating Oil

Feb-24

$2.67

$2.69

-0.82%

-$0.02

$2.70

-1.11%

$2.82

-5.25%

 

 

NY Gasoline

Feb-24

$2.21

$2.17

1.66%

$0.04

$2.16

2.31%

$2.31

-4.33%

 

 

GC Gasoline

Feb-24

$2.11

$2.07

1.74%

$0.04

$2.06

2.43%

$2.21

-4.52%

 

 

GC Jet

Feb-24

$2.55

$2.56

-0.39%

-$0.01

$2.49

2.57%

$2.55

-0.04%

 

 

Chicago Ethanol

Feb-24

$1.60

$1.58

1.27%

$0.02

$1.61

-0.62%

$1.98

-19.32%

 

 

Rotterdam Gasoil

Feb-24

$742.76

$737.95

0.65%

$4.81

$722.00

2.88%

$749.37

-0.88%

 

 

Singapore Jet Kero

Feb-24

$100.34

$99.30

1.05%

$1.04

$100.40

-0.06%

$100.51

-0.17%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/19/24

1/18/24

% Change

Change

12/19/23

% Change

1/20/23

% Change

 

 

Henry Hub Straddle

Mar-24

57.77%

68.48%

-15.64%

-10.71%

72.41%

-20.22%

64.40%

-10.30%

 

 

Algonquin Straddle

Mar-24

94.84%

108.11%

-12.27%

-13.27%

109.52%

-13.40%

144.85%

-34.53%

 

 

Waha Straddle

Mar-24

94.28%

94.01%

0.29%

0.27%

110.79%

-14.90%

93.91%

0.39%

 

 

Chicago Straddle

Mar-24

65.77%

76.56%

-14.09%

-10.79%

73.21%

-10.16%

66.21%

-0.66%

 

 

PJM West Straddle

Mar-24

64.93%

67.71%

-4.11%

-2.78%

60.60%

7.15%

41.50%

56.46%

 

 

SP – 15 Straddle

Mar-24

49.43%

74.89%

-34.00%

-25.46%

68.07%

-27.38%

33.62%

47.03%

 

 

Mid. C Straddle

Mar-24

373.66%

286.09%

30.61%

87.57%

157.36%

137.46%

64.23%

481.75%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/19/24

1/18/24

% Change

Change

12/19/23

% Change

1/20/23

% Change

 

 

Dutch TTF

Mar-24

EUR 28.48

EUR 28.15

1.19%

EUR 0.33

EUR 33.99

-16.19%

EUR 69.00

-58.72%

 

 

NBP

Mar-24

GBP 68.76

GBP 67.72

1.54%

GBP 1.04

GBP 82.81

-16.97%

GBP 198.97

-65.44%

 

 

German Base

Mar-24

EUR 66.28

EUR 67.51

-1.83%

-EUR 1.23

EUR 81.43

-18.61%

EUR 209.74

-68.40%

 

 

UK Base

Mar-24

GBP 63.67

GBP 63.03

1.01%

GBP 0.64

GBP 78.21

-18.60%

GBP 179.78

-64.59%

 

 

French Base

Mar-24

EUR 65.53

EUR 64.34

1.85%

EUR 1.19

EUR 80.76

-18.86%

EUR 254.62

-74.27%

 

 

Italian Base

Mar-24

EUR 91.38

EUR 90.75

0.69%

EUR 0.62

EUR 95.77

-4.59%

EUR 196.95

-53.60%

 

 

JKM LNG

Mar-24

$11.02

$11.09

-0.61%

-$0.07

$11.66

-5.49%

$22.05

-50.02%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/19/24

1/18/24

% Change

Change

12/19/23

% Change

1/20/23

% Change

 

 

TD3C FFA Middle East to China (WET)

Mar-24

$28.48

$28.15

1.19%

$0.33

$33.99

-16.19%

$69.00

-58.72%

 

 

USGC-UK Continent Dirty (WET)

Mar-24

$68.76

$67.72

1.54%

$1.04

$82.81

-16.97%

$198.97

-65.44%

 

 

TD20 West Africa to UK Continent (WET)

Mar-24

$66.28

$67.51

-1.83%

-$1.23

$81.43

-18.61%

$209.74

-68.40%

 

 

LPG FFA Middle East Gulf to East (WET)

Mar-24

$63.67

$63.03

1.01%

$0.64

$78.21

-18.60%

$179.78

-64.59%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Mar-24

$65.53

$64.34

1.85%

$1.19

$80.76

-18.86%

$254.62

-74.27%

 

 

Supramax Timecharter (DRY)

Mar-24

$91.38

$90.75

0.69%

$0.62

$95.77

-4.59%

$196.95

-53.60%

 

 

Capesize Timecharter (DRY)

Mar-24

$11.02

$11.09

-0.61%

-$0.07

$11.66

-5.49%

$22.05

-50.02%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

01/20/2024

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

1

-7

-2

6

-16

-11

NA

NA

 

 

E S Central

0

-2

0

0

-6

-2

NA

NA

 

 

W S Central

0

-4

-6

0

-9

-17

NA

NA

 

 

Mountain

0

0

0

0

0

0

NA

NA

 

 

Pacific

0

-1

0

0

-1

0

NA

NA

 

 

United States

0

-2

-1

1

-5

-4

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

01/20/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

292

8

74

2,838

-425

69

-13.00%

2.00%

 

 

Middle Atlantic

290

26

80

2,626

-309

20

-11.00%

1.00%

 

 

E N Central

390

93

178

2,917

-396

-57

-12.00%

-2.00%

 

 

W N Central

439

122

210

3,147

-451

-224

-13.00%

-7.00%

 

 

South Atlantic

178

31

57

1,389

-110

-10

-7.00%

-1.00%

 

 

E S Central

294

107

165

1,829

-115

98

-6.00%

6.00%

 

 

W S Central

243

107

164

1,311

17

164

1.00%

14.00%

 

 

Mountain

231

15

15

2,532

-238

-195

-9.00%

-7.00%

 

 

Pacific

132

5

-15

1,434

-191

-195

-12.00%

-12.00%

 

 

United States

262

53

96

2,104

-229

-39

-10.00%

-2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.