Prices as of 8:55 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.086

$2.490

-16.22%

-$0.404

42,853

 

 

WTI

$77.33

$76.78

0.72%

$0.55

131,008

 

 

Brent

$82.61

$82.40

0.25%

$0.21

2,552

 

 

ULSD

$2.812

$2.834

-0.76%

-$0.021

2,446

 

 

RBOB

$2.219

$2.228

-0.44%

-$0.010

1,601

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.31

$5.62

-5.52%

-$0.31

Mar-24

 

 

3:2:1 Crack

$24.88

$25.78

-3.51%

-$0.91

Mar-24

 

 

PJM West Spark

NA

NA

NA

NA

Feb-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

01/26/24

621

1

-150

01/27/23

 

 

Canada

01/26/24

230

7

-17

01/27/23

 

 

International

Dec

955

-23

55

Dec

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 1/23/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

90,675

90,302

90,263

39

 

 

PJM West Off Peak

80,383

79,997

80,148

-151

 

 

Natural Gas Henry Hub

401,989

380,208

391,684

-11,476

 

 

WTI – Light Sweet Crude Futures

133,918

112,813

97,548

15,265

 

 

Brent Crude Last Day

132,045

122,334

124,998

-2,664

 

 

NYM Ethanol

44,416

43,573

43,887

-314

 

 

Mt Belvieu LDH Propane Swap

152,758

152,126

152,444

-318

 

 

RBOB

368,669

345,194

352,885

-7,691

 

 

HSC Basis

746,854

739,128

738,851

277

 

 

 

 

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

 

 

 

 

01/25/19

 

 

 

1/19/24

1/12/24

Net Change

% Change

1/20/23

% Change

5 Year Avg.

% Change

 

 

East

657

715

-58

-8.11%

622

5.63%

607

8.17%

 

 

Midwest

788

873

-85

-9.74%

749

5.21%

719

9.54%

 

 

Mountain

194

208

-14

-6.73%

140

38.57%

142

36.62%

 

 

Pacific

228

257

-29

-11.28%

150

52.00%

203

12.43%

 

 

South

990

1,128

-138

-12.23%

1,067

-7.22%

957

3.45%

 

 

    Salt

269

332

-63

-18.98%

310

-13.23%

290

-7.37%

 

 

    Non_Salt

721

796

-75

-9.42%

757

-4.76%

666

8.19%

 

 

Total

2,856

3,182

-326

-10.25%

2,729

4.65%

2,629

8.64%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/29/24

1/26/24

% Change

Change

12/28/23

% Change

1/30/23

% Change

 

 

PJM West On Peak

Feb-24

$43.17

$48.77

-11.49%

-$5.60

$50.60

-14.69%

$77.80

-44.51%

 

 

ERCOT North On Peak

Feb-24

$44.75

$57.17

-21.73%

-$12.42

$71.08

-37.05%

$68.76

-34.93%

 

 

CAISO SP 15 On Peak

Feb-24

$51.00

$64.81

-21.31%

-$13.81

$49.29

3.46%

$77.43

-34.14%

 

 

MISO Indiana On Peak

Feb-24

$37.09

$43.05

-13.85%

-$5.96

$42.83

-13.40%

$66.51

-44.24%

 

 

NEISO Mass On Peak

Feb-24

$66.66

$71.00

-6.12%

-$4.34

$89.38

-25.42%

$132.85

-49.82%

 

 

WECC Mid C On Peak

Feb-24

$89.00

$119.26

-25.37%

-$30.26

$86.99

2.31%

$104.93

-15.18%

 

 

NYISO Zone G On Peak

Feb-24

$60.26

$64.28

-6.25%

-$4.02

$70.90

-15.00%

$109.14

-44.78%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/29/24

1/26/24

% Change

Change

12/28/23

% Change

1/30/23

% Change

 

 

NYMEX Henry Hub

Mar-24

$2.089

$2.175

-3.95%

-$0.09

$2.38

-12.12%

$3.79

-44.90%

 

 

Houston Ship Channel

Mar-24

-$0.234

-$0.171

36.68%

-$0.06

-$0.31

-23.45%

-$0.55

-57.67%

 

 

Chicago

Mar-24

$0.014

$0.017

21.74%

$0.00

-$0.04

-132.32%

-$0.13

-110.98%

 

 

Waha

Mar-24

-$1.013

-$1.035

-2.12%

$0.02

-$1.07

-5.04%

-$1.53

-33.93%

 

 

Algonquin

Mar-24

$1.445

$1.854

-22.05%

-$0.41

$2.21

-34.59%

$4.15

-65.18%

 

 

Aeco

Mar-24

-$0.670

-$0.709

-5.43%

$0.04

-$0.99

-32.43%

-$1.13

-40.75%

 

 

Socal

Mar-24

$0.431

$0.423

1.91%

$0.01

$0.32

36.63%

$0.71

-39.34%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/29/24

1/26/24

% Change

Change

12/28/23

% Change

1/30/23

% Change

 

 

Mt. Belvieu Propane LST

Feb-24

$0.848

$0.831

2.02%

$0.02

$0.69

22.39%

$0.93

-9.01%

 

 

Mt. Belvieu Propane non LST

Feb-24

$0.869

$0.846

2.68%

$0.02

$0.70

24.57%

$0.93

-6.37%

 

 

Mt. Belview Ethane

Feb-24

$0.205

$0.201

1.86%

$0.00

$0.19

5.13%

$0.27

-23.47%

 

 

Mt. Belview Nat. Gasoline

Feb-24

$1.550

$1.555

-0.28%

$0.00

$1.45

6.99%

$1.59

-2.55%

 

 

Mt. Belvieu Butane LST

Feb-24

$1.040

$1.048

-0.73%

-$0.01

$1.02

2.12%

$1.07

-2.79%

 

 

Far East Propane

Feb-24

$6.121

$6.021

1.66%

$0.10

$6.66

-8.05%

$6.37

-3.93%

 

 

Saudi Propane

Feb-24

$5.990

$5.950

0.67%

$0.04

$6.29

-4.77%

$6.32

-5.16%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/29/24

1/26/24

% Change

Change

12/28/23

% Change

1/30/23

% Change

 

 

WTI

Mar-24

$76.78

$78.01

-1.60%

-$1.23

$71.97

6.68%

$74.10

3.62%

 

 

Brent

Mar-24

$82.40

$83.55

-1.40%

-$1.15

$77.15

6.80%

$79.14

4.12%

 

 

WCS

Mar-24

-$16.91

-$18.11

-7.15%

$1.21

-$21.48

-21.30%

-$20.69

-18.28%

 

 

LLS

Mar-24

$79.32

$80.34

-1.29%

-$1.03

$76.61

3.54%

$77.16

2.80%

 

 

Mars

Mar-24

$76.75

$77.17

-0.54%

-$0.42

$73.93

3.82%

$72.17

6.35%

 

 

Sour

Mar-24

$76.49

$78.38

-2.47%

-$1.89

$73.68

3.82%

$72.23

5.89%

 

 

ESPO

Mar-24

$80.40

$81.55

-1.43%

-$1.15

$75.15

6.99%

$77.59

3.62%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/29/24

1/26/24

% Change

Change

12/28/23

% Change

1/30/23

% Change

 

 

NY Heating Oil

Feb-24

$2.83

$2.86

-1.26%

-$0.04

$2.54

11.30%

$2.71

4.28%

 

 

NY Gasoline

Feb-24

$2.23

$2.29

-2.75%

-$0.06

$2.14

4.16%

$2.23

0.09%

 

 

GC Gasoline

Feb-24

$2.13

$2.19

-2.88%

-$0.06

$2.04

4.36%

$2.13

0.09%

 

 

GC Jet

Feb-24

$2.74

$2.73

0.37%

$0.01

$2.36

15.96%

$2.46

11.12%

 

 

Chicago Ethanol

Feb-24

$1.61

$1.61

0.19%

$0.00

$1.61

0.50%

$1.97

-18.29%

 

 

Rotterdam Gasoil

Feb-24

$799.86

$777.01

2.94%

$22.86

$713.00

12.18%

$713.10

12.17%

 

 

Singapore Jet Kero

Feb-24

$103.49

$105.15

-1.58%

-$1.66

$98.58

4.98%

$98.31

5.27%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/29/24

1/26/24

% Change

Change

12/28/23

% Change

1/30/23

% Change

 

 

Henry Hub Straddle

Mar-24

65.60%

62.33%

5.25%

3.27%

67.93%

-3.43%

62.31%

5.28%

 

 

Algonquin Straddle

Mar-24

111.73%

88.16%

26.74%

23.57%

97.81%

14.23%

131.09%

-14.77%

 

 

Waha Straddle

Mar-24

101.30%

104.76%

-3.30%

-3.46%

95.49%

6.08%

85.60%

18.34%

 

 

Chicago Straddle

Mar-24

70.77%

69.00%

2.57%

1.77%

70.77%

0.00%

64.54%

9.65%

 

 

PJM West Straddle

Mar-24

70.71%

66.04%

7.07%

4.67%

60.56%

16.76%

40.56%

74.33%

 

 

SP – 15 Straddle

Mar-24

48.01%

23.12%

107.66%

24.89%

81.01%

-40.74%

25.90%

85.37%

 

 

Mid. C Straddle

Mar-24

359.42%

321.19%

11.90%

38.23%

145.84%

146.45%

56.49%

536.25%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/29/24

1/26/24

% Change

Change

12/28/23

% Change

1/30/23

% Change

 

 

Dutch TTF

Mar-24

EUR 28.39

EUR 27.80

2.12%

EUR 0.59

EUR 35.92

-20.96%

EUR 65.69

-56.79%

 

 

NBP

Mar-24

GBP 68.70

GBP 67.37

1.97%

GBP 1.32

GBP 90.01

-23.68%

GBP 170.23

-59.64%

 

 

German Base

Mar-24

EUR 62.95

EUR 63.46

-0.81%

-EUR 0.51

EUR 89.88

-29.96%

EUR 176.26

-64.29%

 

 

UK Base

Mar-24

GBP 61.87

GBP 63.00

-1.78%

-GBP 1.12

GBP 85.85

-27.93%

GBP 173.90

-64.42%

 

 

French Base

Mar-24

EUR 61.98

EUR 61.38

0.98%

EUR 0.60

EUR 90.79

-31.73%

EUR 247.20

-74.93%

 

 

Italian Base

Mar-24

EUR 87.80

EUR 85.80

2.34%

EUR 2.00

EUR 110.94

-20.86%

EUR 180.07

-51.24%

 

 

JKM LNG

Mar-24

$10.20

$10.58

-3.64%

-$0.39

$11.77

-13.37%

$21.78

-53.18%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/29/24

1/26/24

% Change

Change

12/28/23

% Change

1/30/23

% Change

 

 

TD3C FFA Middle East to China (WET)

Mar-24

$28.39

$27.80

2.12%

$0.59

$35.92

-20.96%

$65.69

-56.79%

 

 

USGC-UK Continent Dirty (WET)

Mar-24

$68.70

$67.37

1.97%

$1.32

$90.01

-23.68%

$170.23

-59.64%

 

 

TD20 West Africa to UK Continent (WET)

Mar-24

$62.95

$63.46

-0.81%

-$0.51

$89.88

-29.96%

$176.26

-64.29%

 

 

LPG FFA Middle East Gulf to East (WET)

Mar-24

$61.87

$63.00

-1.78%

-$1.12

$85.85

-27.93%

$173.90

-64.42%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Mar-24

$61.98

$61.38

0.98%

$0.60

$90.79

-31.73%

$247.20

-74.93%

 

 

Supramax Timecharter (DRY)

Mar-24

$87.80

$85.80

2.34%

$2.00

$110.94

-20.86%

$180.07

-51.24%

 

 

Capesize Timecharter (DRY)

Mar-24

$10.20

$10.58

-3.64%

-$0.39

$11.77

-13.37%

$21.78

-53.18%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

01/27/2024

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

7

-1

0

13

-17

-12

NA

NA

 

 

E S Central

0

-1

0

0

-7

-2

NA

NA

 

 

W S Central

1

-3

1

1

-11

-16

NA

NA

 

 

Mountain

0

-1

0

0

-1

0

NA

NA

 

 

Pacific

0

-1

0

0

-2

0

NA

NA

 

 

United States

1

-1

0

2

-6

-4

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

01/27/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

244

-39

18

3,082

-465

87

-13.00%

3.00%

 

 

Middle Atlantic

229

-35

21

2,855

-344

41

-11.00%

1.00%

 

 

E N Central

243

-52

-3

3,161

-447

-61

-12.00%

-2.00%

 

 

W N Central

259

-53

-25

3,406

-505

-249

-13.00%

-7.00%

 

 

South Atlantic

107

-38

-19

1,496

-148

-29

-9.00%

-2.00%

 

 

E S Central

142

-42

-29

1,971

-157

70

-7.00%

4.00%

 

 

W S Central

118

-14

-25

1,429

3

139

0.00%

11.00%

 

 

Mountain

183

-28

-68

2,715

-266

-263

-9.00%

-9.00%

 

 

Pacific

108

-15

-30

1,541

-207

-225

-12.00%

-13.00%

 

 

United States

172

-35

-16

2,276

-264

-54

-10.00%

-2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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