Prices as of 8:05 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.821

$2.821

0.00%

$0.000

25,440

 

 

WTI

$75.80

$75.55

0.33%

$0.25

74,904

 

 

Brent

$80.16

$79.87

0.36%

$0.29

7,278

 

 

ULSD

$2.367

$2.358

0.39%

$0.009

6,156

 

 

RBOB

$2.408

$2.398

0.45%

$0.011

6,508

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.59

$4.63

-0.86%

-$0.04

Aug-24

 

 

3:2:1 Crack

$24.50

$24.54

-0.15%

-$0.04

Jul-24

 

 

PJM West Spark

$67.76

$67.26

0.74%

$0.50

Jul-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

05/31/24

600

0

-96

06/03/23

 

 

Canada

05/31/24

128

8

31

06/03/23

 

 

International

May

953

-25

-12

May

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 5/28/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

102,370

101,908

101,919

-11

 

 

PJM West Off Peak

87,137

86,652

86,744

-92

 

 

Natural Gas Henry Hub

372,952

355,680

360,076

-4,396

 

 

WTI – Light Sweet Crude Futures

165,320

147,749

140,342

7,407

 

 

Brent Crude Last Day

138,849

129,904

131,438

-1,534

 

 

NYM Ethanol

36,763

35,976

36,351

-375

 

 

Mt Belvieu LDH Propane Swap

159,431

158,110

158,895

-785

 

 

RBOB

387,565

361,987

371,841

-9,854

 

 

HSC Basis

861,661

852,844

855,979

-3,135

 

 

 

 

EIA Short Term Energy Outlook

 

 

 

 

 

 

 

2022

2023

2024projected

2025projected

 

 

Brent

$101.00

$82.00

$88.00

$85.00

 

 

Gasoline

$4.00

$3.50

$3.50

$3.50

 

 

Crude Oil Production

11.90

12.90

13.20

13.70

 

 

Natural Gas Spot

$6.40

$2.50

$2.20

$3.10

 

 

LNG Exports

11.00

12.00

12.00

14.00

 

 

 

 

 

 

 

 

 

 

Electrical Generation %

2022

2023

2024projected

2025projected

 

 

Natural gas

39.00%

42.00%

42.00%

41.00%

 

 

Coal

20.00%

17.00%

16.00%

14.00%

 

 

Renewables

21.00%

21.00%

23.00%

25.00%

 

 

Nuclear

19.00%

19.00%

19.00%

19.00%

 

 

 

 

 

 

 

 

 

 

 

Short Term Energy Outlook

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

05/31/19

 

 

 

5/31/24

5/24/24

Net Change

% Change

6/2/23

% Change

5 Year Avg.

% Change

 

 

East

575

538

37

6.88%

552

4.17%

472

21.77%

 

 

Midwest

681

652

29

4.45%

604

12.75%

539

26.39%

 

 

Mountain

218

210

8

3.81%

137

59.12%

133

64.16%

 

 

Pacific

273

267

6

2.25%

164

66.46%

228

19.74%

 

 

South

1,146

1,128

18

1.60%

1,093

4.85%

979

17.11%

 

 

    Salt

330

324

6

1.85%

319

3.45%

297

11.11%

 

 

    Non_Salt

817

804

13

1.62%

774

5.56%

682

19.79%

 

 

Total

2,893

2,795

98

3.51%

2,550

13.45%

2,351

23.07%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/24

6/5/24

% Change

Change

5/8/24

% Change

6/7/23

% Change

 

 

PJM West On Peak

Jul-24

$73.83

$73.30

0.72%

$0.53

$62.32

18.47%

$62.34

18.43%

 

 

ERCOT North On Peak

Jul-24

$111.41

$114.95

-3.08%

-$3.54

$126.66

-12.04%

$60.40

84.47%

 

 

CAISO SP 15 On Peak

Jul-24

$51.16

$54.57

-6.24%

-$3.41

$61.00

-16.13%

$101.78

-49.73%

 

 

MISO Indiana On Peak

Jul-24

$72.11

$71.99

0.17%

$0.12

$64.12

12.47%

$68.83

4.76%

 

 

NEISO Mass On Peak

Jul-24

$66.04

$59.66

10.70%

$6.38

$60.54

9.07%

$71.49

-7.63%

 

 

WECC Mid C On Peak

Jul-24

$84.73

$89.15

-4.96%

-$4.43

$102.47

-17.32%

$153.61

-44.84%

 

 

NYISO Zone G On Peak

Jul-24

$61.34

$61.21

0.22%

$0.13

$55.82

9.90%

$69.61

-11.88%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/24

6/5/24

% Change

Change

5/8/24

% Change

6/7/23

% Change

 

 

NYMEX Henry Hub

Jul-24

$2.821

$2.757

2.32%

$0.06

$2.47

14.03%

$3.30

-14.59%

 

 

Houston Ship Channel

Jul-24

-$0.268

-$0.260

3.23%

-$0.01

-$0.22

22.39%

-$0.28

-3.35%

 

 

Chicago

Jul-24

-$0.578

-$0.542

-6.14%

-$0.04

-$0.29

98.08%

-$0.19

197.07%

 

 

Waha

Jul-24

-$1.703

-$1.640

-3.85%

-$0.06

-$1.17

45.53%

-$0.71

139.57%

 

 

Algonquin

Jul-24

-$0.061

-$0.045

-36.53%

-$0.02

$0.25

-124.72%

$0.19

-131.89%

 

 

Aeco

Jul-24

-$1.967

-$1.795

9.57%

-$0.17

-$1.41

39.75%

-$1.37

43.59%

 

 

Socal

Jul-24

-$0.205

-$0.105

94.86%

-$0.10

$0.36

-156.18%

$1.58

-112.93%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/24

6/5/24

% Change

Change

5/8/24

% Change

6/7/23

% Change

 

 

Mt. Belvieu Propane LST

Jul-24

$0.695

$0.688

1.10%

$0.01

$0.70

-0.71%

$0.65

6.48%

 

 

Mt. Belvieu Propane non LST

Jul-24

$0.708

$0.688

2.93%

$0.02

$0.70

0.90%

$0.65

9.38%

 

 

Mt. Belview Ethane

Jul-24

$0.201

$0.198

1.89%

$0.00

$0.19

5.30%

$0.23

-11.17%

 

 

Mt. Belview Nat. Gasoline

Jul-24

$1.435

$1.410

1.78%

$0.03

$1.50

-4.52%

$1.36

5.38%

 

 

Mt. Belvieu Butane LST

Jul-24

$0.738

$0.730

1.08%

$0.01

$0.79

-6.69%

$0.72

2.92%

 

 

Far East Propane

Jul-24

$5.945

$5.970

-0.42%

-$0.03

$5.83

1.97%

$4.73

25.57%

 

 

Saudi Propane

Jul-24

$5.531

$5.520

0.19%

$0.01

$5.31

4.16%

$4.48

23.40%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/24

6/5/24

% Change

Change

5/8/24

% Change

6/7/23

% Change

 

 

WTI

Jul-24

$75.55

$74.07

1.96%

$1.48

$78.56

-3.83%

$68.84

9.75%

 

 

Brent

Jul-24

$80.08

$78.62

1.83%

$1.47

$83.58

-4.19%

$73.30

9.25%

 

 

WCS

Jul-24

-$12.71

-$12.34

2.87%

-$0.36

-$10.90

16.58%

-$12.56

1.19%

 

 

LLS

Jul-24

$76.34

$75.51

1.09%

$0.83

$80.19

-4.80%

$71.36

6.99%

 

 

Mars

Jul-24

$74.30

$73.50

1.08%

$0.80

$78.09

-4.85%

$66.94

11.01%

 

 

Sour

Jul-24

$74.98

$74.42

0.75%

$0.57

$78.10

-3.99%

$66.73

12.36%

 

 

ESPO

Jul-24

$78.08

$76.62

1.88%

$1.47

$81.58

-4.29%

$71.89

8.61%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/24

6/5/24

% Change

Change

5/8/24

% Change

6/7/23

% Change

 

 

NY Heating Oil

Jul-24

$2.36

$2.31

2.30%

$0.05

$2.49

-5.34%

$2.33

1.24%

 

 

NY Gasoline

Jul-24

$2.40

$2.34

2.61%

$0.06

$2.51

-4.57%

$2.25

6.53%

 

 

GC Gasoline

Jul-24

$2.30

$2.24

2.73%

$0.06

$2.41

-4.76%

$2.15

6.83%

 

 

GC Jet

Jul-24

$2.31

$2.25

2.89%

$0.07

$2.41

-4.11%

$2.19

5.33%

 

 

Chicago Ethanol

Jul-24

$1.82

$1.78

2.25%

$0.04

$1.80

0.83%

$1.71

6.50%

 

 

Rotterdam Gasoil

Jul-24

$679.90

$663.33

2.50%

$16.57

$716.50

-5.11%

$630.31

7.87%

 

 

Singapore Jet Kero

Jul-24

$91.80

$91.25

0.60%

$0.55

$96.02

-4.39%

$89.49

2.59%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/24

6/5/24

% Change

Change

5/8/24

% Change

6/7/23

% Change

 

 

Henry Hub Straddle

Jul-24

68.94%

59.85%

15.19%

9.09%

48.68%

41.62%

40.22%

71.41%

 

 

Algonquin Straddle

Jul-24

67.25%

59.60%

12.84%

7.65%

46.34%

45.12%

40.32%

66.79%

 

 

Waha Straddle

Jul-24

167.17%

149.01%

12.19%

18.16%

130.21%

28.38%

42.88%

289.86%

 

 

Chicago Straddle

Jul-24

81.68%

79.88%

2.25%

1.80%

55.13%

48.16%

38.55%

111.88%

 

 

PJM West Straddle

Jul-24

90.50%

86.56%

4.55%

3.94%

67.75%

33.58%

46.69%

93.83%

 

 

SP – 15 Straddle

Jul-24

76.32%

78.81%

-3.16%

-2.49%

73.50%

3.84%

70.86%

7.71%

 

 

Mid. C Straddle

Jul-24

262.22%

281.03%

-6.69%

-18.81%

291.69%

-10.10%

119.71%

119.05%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/24

6/5/24

% Change

Change

5/8/24

% Change

6/7/23

% Change

 

 

Dutch TTF

Jul-24

EUR 33.10

EUR 33.39

-0.87%

-EUR 0.29

EUR 30.88

7.19%

EUR 41.88

-20.96%

 

 

NBP

Jul-24

GBP 78.78

GBP 79.09

-0.40%

-GBP 0.32

GBP 74.83

5.27%

GBP 99.33

-20.69%

 

 

German Base

Jul-24

EUR 75.23

EUR 74.99

0.32%

EUR 0.24

EUR 74.64

0.80%

EUR 100.17

-24.90%

 

 

UK Base

Jul-24

GBP 72.23

GBP 72.31

-0.10%

-GBP 0.07

GBP 67.54

6.95%

GBP 92.84

-22.19%

 

 

French Base

Jul-24

EUR 38.77

EUR 37.51

3.37%

EUR 1.26

EUR 61.26

-36.71%

EUR 95.71

-59.49%

 

 

Italian Base

Jul-24

EUR 108.24

EUR 107.18

0.99%

EUR 1.06

EUR 99.41

8.88%

EUR 111.12

-2.59%

 

 

JKM LNG

Jul-24

$12.08

$11.84

2.08%

$0.25

$10.70

12.95%

$12.65

-4.45%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/6/24

6/5/24

% Change

Change

5/8/24

% Change

6/7/23

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-24

$33.10

$33.39

-0.87%

-$0.29

$30.88

7.19%

$41.88

-20.96%

 

 

USGC-UK Continent Dirty (WET)

Jul-24

$78.78

$79.09

-0.40%

-$0.32

$74.83

5.27%

$99.33

-20.69%

 

 

TD20 West Africa to UK Continent (WET)

Jul-24

$75.23

$74.99

0.32%

$0.24

$74.64

0.80%

$100.17

-24.90%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-24

$72.23

$72.31

-0.10%

-$0.07

$67.54

6.95%

$92.84

-22.19%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-24

$38.77

$37.51

3.37%

$1.26

$61.26

-36.71%

$95.71

-59.49%

 

 

Supramax Timecharter (DRY)

Jul-24

$108.24

$107.18

0.99%

$1.06

$99.41

8.88%

$111.12

-2.59%

 

 

Capesize Timecharter (DRY)

Jul-24

$12.08

$11.84

2.08%

$0.25

$10.70

12.95%

$12.65

-4.45%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

06/01/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

5

1

-1

14

7

-4

NA

NA

 

 

Middle Atlantic

9

-2

3

35

10

7

NA

NA

 

 

E N Central

2

-18

-24

43

-12

-5

NA

NA

 

 

W N Central

18

-8

-18

66

-12

-39

NA

NA

 

 

South Atlantic

62

7

26

411

41

-18

11.00%

-4.00%

 

 

E S Central

52

5

16

280

80

56

40.00%

25.00%

 

 

W S Central

91

15

21

567

128

58

29.00%

11.00%

 

 

Mountain

32

-1

10

103

-47

-11

-31.00%

-10.00%

 

 

Pacific

2

-11

2

3

-56

-18

NA

NA

 

 

United States

30

-3

4

181

13

0

8.00%

0.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

06/01/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

23

-14

-8

5,743

-841

64

-13.00%

1.00%

 

 

Middle Atlantic

12

-14

-7

5,162

-745

52

-13.00%

1.00%

 

 

E N Central

30

-1

11

5,367

-1,117

-441

-17.00%

-8.00%

 

 

W N Central

23

-4

15

5,642

-1,096

-876

-16.00%

-13.00%

 

 

South Atlantic

4

-2

-8

2,457

-405

-3

-14.00%

0.00%

 

 

E S Central

5

-3

-5

3,080

-537

-17

-15.00%

-1.00%

 

 

W S Central

0

-1

0

2,059

-239

-43

-10.00%

-2.00%

 

 

Mountain

28

-7

7

4,887

-268

-563

-5.00%

-10.00%

 

 

Pacific

26

-4

-15

3,086

-85

-481

-3.00%

-13.00%

 

 

United States

16

-5

-2

3,942

-569

-238

-13.00%

-6.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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