Prices as of 8:47 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.606

$2.450

6.37%

$0.156

16,283

 

 

WTI

$74.78

$74.37

0.55%

$0.41

114,585

 

 

Brent

$79.88

$79.55

0.41%

$0.33

7,657

 

 

ULSD

$2.687

$2.691

-0.17%

-$0.005

3,668

 

 

RBOB

$2.218

$2.210

0.35%

$0.008

2,786

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.08

$5.18

-1.93%

-$0.10

Mar-24

 

 

3:2:1 Crack

$25.27

$25.45

-0.72%

-$0.18

Mar-24

 

 

PJM West Spark

$39.91

$39.87

0.12%

$0.05

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

1/23/24

1/22/24

% Change

Change

12/21/23

% Change

1/24/23

% Change

 

 

PJM West On Peak

Feb-24

$45.50

$45.11

0.86%

$0.39

$50.89

-10.59%

$84.67

-46.26%

 

 

ERCOT North On Peak

Feb-24

$59.54

$41.89

42.12%

$17.65

$70.84

-15.95%

$62.43

-4.63%

 

 

CAISO SP 15 On Peak

Feb-24

$52.19

$49.02

6.48%

$3.17

$45.83

13.88%

$81.75

-36.15%

 

 

MISO Indiana On Peak

Feb-24

$40.08

$39.58

1.25%

$0.49

$43.64

-8.16%

$73.51

-45.48%

 

 

NEISO Mass On Peak

Feb-24

$68.91

$69.74

-1.19%

-$0.83

$88.67

-22.28%

$128.28

-46.28%

 

 

WECC Mid C On Peak

Feb-24

$105.49

$109.00

-3.22%

-$3.51

$83.86

25.79%

$109.34

-3.52%

 

 

NYISO Zone G On Peak

Feb-24

$60.40

$60.39

0.02%

$0.01

$67.46

-10.47%

$107.64

-43.89%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/23/24

1/22/24

% Change

Change

12/21/23

% Change

1/24/23

% Change

 

 

NYMEX Henry Hub

Feb-24

$2.450

$2.419

1.28%

$0.03

$2.46

-0.37%

$4.38

-44.10%

 

 

Houston Ship Channel

Feb-24

-$0.163

-$0.161

1.37%

$0.00

-$0.06

177.21%

-$0.03

389.49%

 

 

Chicago

Feb-24

$0.296

$0.370

24.91%

-$0.07

$0.40

-25.33%

$0.99

-69.93%

 

 

Waha

Feb-24

-$0.602

-$0.567

-6.21%

-$0.04

-$0.29

107.30%

-$0.24

148.31%

 

 

Algonquin

Feb-24

$5.142

$5.414

-5.01%

-$0.27

$7.48

-31.28%

$12.34

-58.31%

 

 

Aeco

Feb-24

-$0.704

-$0.715

-1.65%

$0.01

-$0.92

-23.93%

-$1.28

-44.87%

 

 

Socal

Feb-24

$1.376

$1.236

11.31%

$0.14

$1.37

0.69%

$2.65

-48.08%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/23/24

1/22/24

% Change

Change

12/21/23

% Change

1/24/23

% Change

 

 

Mt. Belvieu Propane LST

Feb-24

$0.825

$0.837

-1.44%

-$0.01

$0.67

23.17%

$0.90

-8.13%

 

 

Mt. Belvieu Propane non LST

Feb-24

$0.840

$0.850

-1.12%

-$0.01

$0.67

25.88%

$0.90

-6.59%

 

 

Mt. Belview Ethane

Feb-24

$0.189

$0.187

0.73%

$0.00

$0.19

-1.94%

$0.28

-32.67%

 

 

Mt. Belview Nat. Gasoline

Feb-24

$1.480

$1.485

-0.33%

$0.00

$1.47

0.43%

$1.62

-8.85%

 

 

Mt. Belvieu Butane LST

Feb-24

$1.046

$1.059

-1.24%

-$0.01

$0.94

10.72%

$1.06

-1.42%

 

 

Far East Propane

Feb-24

$6.110

$6.108

0.03%

$0.00

$6.61

-7.56%

$6.08

0.47%

 

 

Saudi Propane

Feb-24

$5.840

$5.860

-0.34%

-$0.02

$6.24

-6.41%

$5.86

-0.35%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/23/24

1/22/24

% Change

Change

12/21/23

% Change

1/24/23

% Change

 

 

WTI

Mar-24

$74.37

$74.76

-0.52%

-$0.39

$74.06

0.42%

$76.58

-2.89%

 

 

Brent

Mar-24

$79.55

$80.06

-0.64%

-$0.51

$79.16

0.49%

$81.54

-2.44%

 

 

WCS

Mar-24

-$19.16

-$19.06

0.55%

-$0.10

-$19.36

-1.03%

-$20.76

-7.69%

 

 

LLS

Mar-24

$76.98

$77.21

-0.30%

-$0.23

$76.48

0.65%

$79.61

-3.31%

 

 

Mars

Mar-24

$74.16

$75.15

-1.33%

-$0.99

$74.18

-0.02%

$75.26

-1.45%

 

 

Sour

Mar-24

$75.06

$75.37

-0.41%

-$0.30

$74.15

1.22%

$73.80

1.72%

 

 

ESPO

Mar-24

$77.55

$78.06

-0.66%

-$0.51

$77.16

0.51%

$80.58

-3.76%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/23/24

1/22/24

% Change

Change

12/21/23

% Change

1/24/23

% Change

 

 

NY Heating Oil

Feb-24

$2.69

$2.69

-0.19%

$0.00

$2.67

0.67%

$2.84

-5.38%

 

 

NY Gasoline

Feb-24

$2.23

$2.24

-0.22%

-$0.01

$2.17

3.00%

$2.27

-1.50%

 

 

GC Gasoline

Feb-24

$2.13

$2.14

-0.23%

-$0.01

$2.07

3.14%

$2.17

-1.57%

 

 

GC Jet

Feb-24

$2.74

$2.58

6.36%

$0.16

$2.47

11.14%

$2.59

5.91%

 

 

Chicago Ethanol

Feb-24

$1.59

$1.61

-1.06%

-$0.02

$1.59

0.50%

$2.00

-20.19%

 

 

Rotterdam Gasoil

Feb-24

$759.60

$745.94

1.83%

$13.66

$731.25

3.88%

$791.95

-4.08%

 

 

Singapore Jet Kero

Feb-24

$99.40

$98.37

1.05%

$1.03

$100.83

-1.41%

$102.23

-2.77%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/23/24

1/22/24

% Change

Change

12/21/23

% Change

1/24/23

% Change

 

 

Henry Hub Straddle

Mar-24

67.33%

67.16%

0.25%

0.17%

77.92%

-13.59%

54.61%

23.29%

 

 

Algonquin Straddle

Mar-24

99.33%

110.23%

-9.89%

-10.90%

113.26%

-12.30%

143.90%

-30.97%

 

 

Waha Straddle

Mar-24

108.25%

105.71%

2.40%

2.54%

104.59%

3.50%

78.74%

37.48%

 

 

Chicago Straddle

Mar-24

73.16%

73.32%

-0.22%

-0.16%

81.77%

-10.53%

56.70%

29.03%

 

 

PJM West Straddle

Mar-24

71.22%

68.22%

4.40%

3.00%

61.11%

16.54%

38.57%

84.65%

 

 

SP – 15 Straddle

Mar-24

70.87%

57.88%

22.44%

12.99%

73.49%

-3.57%

30.85%

129.72%

 

 

Mid. C Straddle

Mar-24

292.64%

312.67%

-6.41%

-20.03%

131.04%

123.32%

61.28%

377.55%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/23/24

1/22/24

% Change

Change

12/21/23

% Change

1/24/23

% Change

 

 

Dutch TTF

Mar-24

EUR 27.20

EUR 27.75

-2.00%

-EUR 0.56

EUR 34.76

-21.76%

EUR 68.32

-60.19%

 

 

NBP

Mar-24

GBP 65.45

GBP 66.40

-1.44%

-GBP 0.96

GBP 87.29

-25.02%

GBP 177.61

-63.15%

 

 

German Base

Mar-24

EUR 62.47

EUR 62.10

0.60%

EUR 0.38

EUR 87.12

-28.29%

EUR 180.14

-65.32%

 

 

UK Base

Mar-24

GBP 61.06

GBP 60.72

0.57%

GBP 0.34

GBP 87.64

-30.32%

GBP 163.84

-62.73%

 

 

French Base

Mar-24

EUR 62.60

EUR 62.22

0.62%

EUR 0.39

EUR 89.50

-30.05%

EUR 238.12

-73.71%

 

 

Italian Base

Mar-24

EUR 88.77

EUR 87.77

1.14%

EUR 1.00

EUR 106.87

-16.94%

EUR 178.08

-50.15%

 

 

JKM LNG

Mar-24

$10.65

$10.55

0.96%

$0.10

$12.54

-15.03%

$22.18

-51.96%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/23/24

1/22/24

% Change

Change

12/21/23

% Change

1/24/23

% Change

 

 

TD3C FFA Middle East to China (WET)

Mar-24

$27.20

$27.75

-2.00%

-$0.56

$34.76

-21.76%

$68.32

-60.19%

 

 

USGC-UK Continent Dirty (WET)

Mar-24

$65.45

$66.40

-1.44%

-$0.96

$87.29

-25.02%

$177.61

-63.15%

 

 

TD20 West Africa to UK Continent (WET)

Mar-24

$62.47

$62.10

0.60%

$0.38

$87.12

-28.29%

$180.14

-65.32%

 

 

LPG FFA Middle East Gulf to East (WET)

Mar-24

$61.06

$60.72

0.57%

$0.34

$87.64

-30.32%

$163.84

-62.73%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Mar-24

$62.60

$62.22

0.62%

$0.39

$89.50

-30.05%

$238.12

-73.71%

 

 

Supramax Timecharter (DRY)

Mar-24

$88.77

$87.77

1.14%

$1.00

$106.87

-16.94%

$178.08

-50.15%

 

 

Capesize Timecharter (DRY)

Mar-24

$10.65

$10.55

0.96%

$0.10

$12.54

-15.03%

$22.18

-51.96%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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