Prices as of 8:42 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.086

$3.129

-1.37%

-$0.043

58,731

 

 

WTI

$79.24

$77.90

1.72%

$1.34

86,842

 

 

Brent

$83.19

$81.92

1.55%

$1.27

15,302

 

 

ULSD

$2.469

$2.421

1.96%

$0.047

14,875

 

 

RBOB

$2.449

$2.409

1.66%

$0.040

8,281

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.38

$4.37

0.23%

$0.01

Aug-24

 

 

3:2:1 Crack

$24.05

$23.64

1.72%

$0.41

Jul-24

 

 

PJM West Spark

$77.56

$71.41

8.60%

$6.14

Jul-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

06/07/24

594

-6

-101

06/10/23

 

 

Canada

06/07/24

143

15

7

06/10/23

 

 

International

May

953

-25

-12

May

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 6/4/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

104,531

101,572

103,574

-2,002

 

 

PJM West Off Peak

88,754

86,875

87,313

-438

 

 

Natural Gas Henry Hub

360,241

343,373

346,846

-3,473

 

 

WTI – Light Sweet Crude Futures

146,326

129,711

123,371

6,340

 

 

Brent Crude Last Day

114,116

103,027

104,467

-1,440

 

 

NYM Ethanol

31,547

30,786

30,977

-191

 

 

Mt Belvieu LDH Propane Swap

165,288

163,841

163,988

-147

 

 

RBOB

378,870

356,065

360,132

-4,067

 

 

HSC Basis

865,036

842,595

858,843

-16,248

 

 

 

 

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

6/11/24

6/10/24

% Change

Change

5/13/24

% Change

6/12/23

% Change

 

 

PJM West On Peak

Jul-24

$84.12

$78.11

7.70%

$6.02

$63.18

33.15%

$59.45

41.50%

 

 

ERCOT North On Peak

Jul-24

$96.14

$99.56

-3.44%

-$3.42

$142.40

-32.49%

$66.00

45.65%

 

 

CAISO SP 15 On Peak

Jul-24

$51.01

$50.50

1.01%

$0.51

$61.40

-16.93%

$103.92

-50.91%

 

 

MISO Indiana On Peak

Jul-24

$83.73

$78.06

7.27%

$5.68

$63.67

31.51%

$66.08

26.73%

 

 

NEISO Mass On Peak

Jul-24

$71.87

$68.83

4.41%

$3.04

$59.32

21.15%

$66.83

7.53%

 

 

WECC Mid C On Peak

Jul-24

$87.38

$80.75

8.21%

$6.63

$107.02

-18.36%

$156.70

-44.24%

 

 

NYISO Zone G On Peak

Jul-24

$71.96

$66.31

8.52%

$5.65

$56.11

28.25%

$65.00

10.71%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/11/24

6/10/24

% Change

Change

5/13/24

% Change

6/12/23

% Change

 

 

NYMEX Henry Hub

Jul-24

$3.129

$2.906

7.67%

$0.22

$2.59

20.95%

$3.25

-3.63%

 

 

Houston Ship Channel

Jul-24

-$0.280

-$0.281

-0.28%

$0.00

-$0.26

7.40%

-$0.28

1.05%

 

 

Chicago

Jul-24

-$0.632

-$0.625

-1.06%

-$0.01

-$0.36

75.56%

-$0.19

232.89%

 

 

Waha

Jul-24

-$1.613

-$1.686

-4.29%

$0.07

-$1.26

27.67%

-$0.67

140.43%

 

 

Algonquin

Jul-24

$0.154

$0.075

105.49%

$0.08

$0.18

-15.52%

$0.19

-20.26%

 

 

Aeco

Jul-24

-$2.382

-$2.242

6.26%

-$0.14

-$1.63

46.16%

-$1.39

71.00%

 

 

Socal

Jul-24

-$0.376

-$0.370

1.60%

-$0.01

$0.36

-203.24%

$1.63

-123.07%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/11/24

6/10/24

% Change

Change

5/13/24

% Change

6/12/23

% Change

 

 

Mt. Belvieu Propane LST

Jul-24

$0.760

$0.745

1.99%

$0.01

$0.70

9.37%

$0.60

27.01%

 

 

Mt. Belvieu Propane non LST

Jul-24

$0.760

$0.745

2.00%

$0.01

$0.70

8.19%

$0.62

22.62%

 

 

Mt. Belview Ethane

Jul-24

$0.214

$0.205

4.28%

$0.01

$0.20

8.26%

$0.22

-2.07%

 

 

Mt. Belview Nat. Gasoline

Jul-24

$1.497

$1.490

0.43%

$0.01

$1.50

-0.01%

$1.29

16.35%

 

 

Mt. Belvieu Butane LST

Jul-24

$0.797

$0.769

3.55%

$0.03

$0.79

1.19%

$0.66

20.57%

 

 

Far East Propane

Jul-24

$6.090

$6.083

0.11%

$0.01

$5.85

4.15%

$4.56

33.67%

 

 

Saudi Propane

Jul-24

$5.631

$5.640

-0.17%

-$0.01

$5.30

6.23%

$4.26

32.11%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/11/24

6/10/24

% Change

Change

5/13/24

% Change

6/12/23

% Change

 

 

WTI

Aug-24

$77.55

$77.33

0.28%

$0.22

$78.08

-0.68%

$64.81

19.66%

 

 

Brent

Aug-24

$81.92

$81.63

0.35%

$0.29

$82.91

-1.19%

$69.36

18.11%

 

 

WCS

Aug-24

-$12.60

-$12.50

0.79%

-$0.10

-$11.15

13.00%

-$12.67

-0.58%

 

 

LLS

Aug-24

$79.26

$77.28

2.51%

$1.99

$79.43

-0.21%

$66.43

19.32%

 

 

Mars

Aug-24

$77.16

$75.22

2.51%

$1.94

$77.23

-0.09%

$62.91

22.66%

 

 

Sour

Aug-24

$77.36

$75.26

2.71%

$2.10

$77.44

-0.11%

$63.73

21.39%

 

 

ESPO

Aug-24

$79.92

$79.63

0.36%

$0.29

$80.91

-1.22%

$67.97

17.58%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/11/24

6/10/24

% Change

Change

5/13/24

% Change

6/12/23

% Change

 

 

NY Heating Oil

Jul-24

$2.42

$2.42

0.29%

$0.01

$2.46

-1.34%

$2.25

7.83%

 

 

NY Gasoline

Jul-24

$2.41

$2.41

0.17%

$0.00

$2.49

-2.93%

$2.13

13.22%

 

 

GC Gasoline

Jul-24

$2.32

$2.31

0.17%

$0.00

$2.39

-3.06%

$2.03

13.87%

 

 

GC Jet

Jul-24

$2.41

$2.37

1.52%

$0.04

$2.60

-7.50%

$2.08

15.84%

 

 

Chicago Ethanol

Jul-24

$1.85

$1.83

0.98%

$0.02

$1.85

0.00%

$1.68

9.79%

 

 

Rotterdam Gasoil

Jul-24

$705.45

$697.74

1.11%

$7.71

$718.76

-1.85%

$608.25

15.98%

 

 

Singapore Jet Kero

Jul-24

$96.38

$93.87

2.67%

$2.51

$96.37

0.01%

$87.03

10.74%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/11/24

6/10/24

% Change

Change

5/13/24

% Change

6/12/23

% Change

 

 

Henry Hub Straddle

Jul-24

68.64%

74.36%

-7.69%

-5.72%

42.10%

63.04%

44.90%

52.87%

 

 

Algonquin Straddle

Jul-24

87.16%

88.53%

-1.55%

-1.37%

38.73%

125.05%

44.70%

94.99%

 

 

Waha Straddle

Jul-24

175.71%

163.61%

7.40%

12.10%

112.74%

55.85%

47.07%

273.30%

 

 

Chicago Straddle

Jul-24

83.85%

86.15%

-2.67%

-2.30%

45.13%

85.80%

44.09%

90.18%

 

 

PJM West Straddle

Jul-24

98.72%

93.58%

5.49%

5.14%

68.89%

43.30%

46.20%

113.68%

 

 

SP – 15 Straddle

Jul-24

75.49%

78.61%

-3.97%

-3.12%

80.09%

-5.74%

71.46%

5.64%

 

 

Mid. C Straddle

Jul-24

188.64%

259.53%

-27.31%

-70.89%

304.30%

-38.01%

120.82%

56.13%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/11/24

6/10/24

% Change

Change

5/13/24

% Change

6/12/23

% Change

 

 

Dutch TTF

Jul-24

EUR 34.16

EUR 34.46

-0.85%

-EUR 0.29

EUR 29.92

14.20%

EUR 45.60

-25.09%

 

 

NBP

Jul-24

GBP 80.49

GBP 81.70

-1.48%

-GBP 1.21

GBP 71.61

12.39%

GBP 107.73

-25.28%

 

 

German Base

Jul-24

EUR 75.29

EUR 76.59

-1.70%

-EUR 1.30

EUR 71.05

5.97%

EUR 113.30

-33.55%

 

 

UK Base

Jul-24

GBP 73.15

GBP 72.90

0.35%

GBP 0.25

GBP 67.07

9.06%

GBP 95.55

-23.44%

 

 

French Base

Jul-24

EUR 45.70

EUR 44.40

2.91%

EUR 1.29

EUR 58.92

-22.45%

EUR 109.71

-58.35%

 

 

Italian Base

Jul-24

EUR 108.82

EUR 107.39

1.33%

EUR 1.43

EUR 99.58

9.28%

EUR 118.69

-8.32%

 

 

JKM LNG

Jul-24

$12.13

$12.35

-1.81%

-$0.22

$10.55

14.98%

$14.29

-15.14%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/11/24

6/10/24

% Change

Change

5/13/24

% Change

6/12/23

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-24

$34.16

$34.46

-0.85%

-$0.29

$29.92

14.20%

$45.60

-25.09%

 

 

USGC-UK Continent Dirty (WET)

Jul-24

$80.49

$81.70

-1.48%

-$1.21

$71.61

12.39%

$107.73

-25.28%

 

 

TD20 West Africa to UK Continent (WET)

Jul-24

$75.29

$76.59

-1.70%

-$1.30

$71.05

5.97%

$113.30

-33.55%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-24

$73.15

$72.90

0.35%

$0.25

$67.07

9.06%

$95.55

-23.44%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-24

$45.70

$44.40

2.91%

$1.29

$58.92

-22.45%

$109.71

-58.35%

 

 

Supramax Timecharter (DRY)

Jul-24

$108.82

$107.39

1.33%

$1.43

$99.58

9.28%

$118.69

-8.32%

 

 

Capesize Timecharter (DRY)

Jul-24

$12.13

$12.35

-1.81%

-$0.22

$10.55

14.98%

$14.29

-15.14%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

06/08/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

16

10

9

30

17

13

NA

NA

 

 

Middle Atlantic

25

9

15

60

18

30

NA

NA

 

 

E N Central

28

3

1

70

-10

5

NA

NA

 

 

W N Central

40

8

-16

106

-4

-50

-4.00%

-32.00%

 

 

South Atlantic

77

15

23

488

56

7

13.00%

1.00%

 

 

E S Central

66

10

5

346

91

64

36.00%

23.00%

 

 

W S Central

106

19

25

673

147

81

28.00%

14.00%

 

 

Mountain

59

19

31

162

-28

19

-15.00%

13.00%

 

 

Pacific

20

3

16

23

-52

-2

NA

NA

 

 

United States

49

10

13

230

24

17

12.00%

8.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

06/08/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

8

-19

-50

5,751

-860

6

-13.00%

0.00%

 

 

Middle Atlantic

3

-15

-23

5,164

-761

24

-13.00%

0.00%

 

 

E N Central

9

-13

-5

5,376

-1,130

-449

-17.00%

-8.00%

 

 

W N Central

6

-13

6

5,649

-1,108

-871

-16.00%

-13.00%

 

 

South Atlantic

1

-3

-3

2,457

-409

-7

-14.00%

0.00%

 

 

E S Central

0

-5

-1

3,080

-541

-18

-15.00%

-1.00%

 

 

W S Central

0

-1

0

2,059

-240

-43

-10.00%

-2.00%

 

 

Mountain

8

-20

-12

4,895

-288

-573

-6.00%

-10.00%

 

 

Pacific

12

-13

-9

3,098

-98

-491

-3.00%

-14.00%

 

 

United States

5

-11

-9

3,947

-579

-249

-13.00%

-6.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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