Prices as of 7:50 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.909

$2.959

-1.69%

-$0.050

26,186

 

 

WTI

$78.93

$78.62

0.39%

$0.31

60,981

 

 

Brent

$83.14

$82.75

0.47%

$0.39

11,261

 

 

ULSD

$2.522

$2.487

1.40%

$0.035

10,032

 

 

RBOB

$2.443

$2.416

1.14%

$0.028

4,996

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.58

$4.49

2.00%

$0.09

Aug-24

 

 

3:2:1 Crack

$24.77

$23.95

3.43%

$0.82

Jul-24

 

 

PJM West Spark

$81.86

$88.27

-7.26%

-$6.41

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

 

 

 

 

06/07/19

 

 

 

6/7/24

5/31/24

Net Change

% Change

6/9/23

% Change

5 Year Avg.

% Change

 

 

East

603

575

28

4.87%

574

5.05%

494

22.16%

 

 

Midwest

712

681

31

4.55%

632

12.66%

568

25.31%

 

 

Mountain

224

218

6

2.75%

148

51.35%

140

59.54%

 

 

Pacific

276

273

3

1.10%

176

56.82%

230

20.00%

 

 

South

1,159

1,146

13

1.13%

1,105

4.89%

996

16.41%

 

 

    Salt

336

330

6

1.82%

324

3.70%

298

12.90%

 

 

    Non_Salt

823

817

6

0.73%

781

5.38%

698

17.91%

 

 

Total

2,974

2,893

81

2.80%

2,634

12.91%

2,427

22.53%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/13/24

6/12/24

% Change

Change

5/15/24

% Change

6/14/23

% Change

 

 

PJM West On Peak

Jul-24

$88.09

$94.61

-6.89%

-$6.52

$64.87

35.79%

$59.14

48.96%

 

 

ERCOT North On Peak

Jul-24

$98.61

$94.58

4.26%

$4.03

$138.98

-29.05%

$67.92

45.18%

 

 

CAISO SP 15 On Peak

Jul-24

$52.71

$52.59

0.24%

$0.12

$58.69

-10.18%

$103.39

-49.01%

 

 

MISO Indiana On Peak

Jul-24

$83.67

$91.53

-8.59%

-$7.86

$65.15

28.42%

$66.24

26.31%

 

 

NEISO Mass On Peak

Jul-24

$79.11

$83.18

-4.90%

-$4.07

$60.79

30.13%

$67.50

17.20%

 

 

WECC Mid C On Peak

Jul-24

$85.26

$76.91

10.86%

$8.35

$97.05

-12.15%

$156.12

-45.39%

 

 

NYISO Zone G On Peak

Jul-24

$75.14

$80.27

-6.39%

-$5.13

$58.62

28.17%

$65.64

14.47%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/13/24

6/12/24

% Change

Change

5/15/24

% Change

6/14/23

% Change

 

 

NYMEX Henry Hub

Jul-24

$2.959

$3.045

-2.82%

-$0.09

$2.63

12.47%

$3.29

-10.14%

 

 

Houston Ship Channel

Jul-24

-$0.256

-$0.290

-11.75%

$0.03

-$0.26

-0.85%

-$0.26

-3.14%

 

 

Chicago

Jul-24

-$0.541

-$0.645

19.17%

$0.10

-$0.37

45.43%

-$0.18

197.09%

 

 

Waha

Jul-24

-$1.503

-$1.572

-4.43%

$0.07

-$1.32

13.85%

-$0.67

124.19%

 

 

Algonquin

Jul-24

$0.240

$0.189

26.99%

$0.05

$0.18

29.60%

$0.17

38.92%

 

 

Aeco

Jul-24

-$2.417

-$2.457

-1.64%

$0.04

-$1.62

49.15%

-$1.37

75.81%

 

 

Socal

Jul-24

-$0.391

-$0.417

-6.12%

$0.03

$0.26

-249.79%

$1.63

-124.04%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/13/24

6/12/24

% Change

Change

5/15/24

% Change

6/14/23

% Change

 

 

Mt. Belvieu Propane LST

Jul-24

$0.790

$0.770

2.59%

$0.02

$0.69

14.50%

$0.62

28.30%

 

 

Mt. Belvieu Propane non LST

Jul-24

$0.791

$0.793

-0.17%

$0.00

$0.69

14.26%

$0.61

29.86%

 

 

Mt. Belview Ethane

Jul-24

$0.210

$0.211

-0.59%

$0.00

$0.20

4.83%

$0.23

-8.72%

 

 

Mt. Belview Nat. Gasoline

Jul-24

$1.506

$1.523

-1.07%

-$0.02

$1.48

1.70%

$1.34

12.64%

 

 

Mt. Belvieu Butane LST

Jul-24

$0.837

$0.815

2.68%

$0.02

$0.78

7.06%

$0.69

21.68%

 

 

Far East Propane

Jul-24

$6.138

$6.142

-0.06%

$0.00

$5.84

5.19%

$4.69

30.86%

 

 

Saudi Propane

Jul-24

$5.700

$5.655

0.80%

$0.04

$5.27

8.07%

$4.36

30.73%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/13/24

6/12/24

% Change

Change

5/15/24

% Change

6/14/23

% Change

 

 

WTI

Aug-24

$78.26

$78.15

0.14%

$0.11

$77.68

0.75%

$65.98

18.61%

 

 

Brent

Aug-24

$82.75

$82.60

0.18%

$0.15

$82.33

0.51%

$70.51

17.36%

 

 

WCS

Aug-24

-$13.05

-$12.80

1.92%

-$0.25

-$11.00

18.64%

-$13.43

-2.82%

 

 

LLS

Aug-24

$80.13

$79.53

0.74%

$0.60

$79.20

1.18%

$68.14

17.59%

 

 

Mars

Aug-24

$78.18

$77.48

0.89%

$0.70

$77.00

1.54%

$64.49

21.23%

 

 

Sour

Aug-24

$78.18

$77.58

0.77%

$0.60

$77.23

1.24%

$64.79

20.66%

 

 

ESPO

Aug-24

$80.75

$80.60

0.19%

$0.15

$80.33

0.52%

$69.41

16.34%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/13/24

6/12/24

% Change

Change

5/15/24

% Change

6/14/23

% Change

 

 

NY Heating Oil

Jul-24

$2.48

$2.44

1.76%

$0.04

$2.44

1.68%

$2.29

8.38%

 

 

NY Gasoline

Jul-24

$2.39

$2.39

0.13%

$0.00

$2.49

-3.93%

$2.15

11.20%

 

 

GC Gasoline

Jul-24

$2.29

$2.29

0.13%

$0.00

$2.39

-4.10%

$2.05

11.74%

 

 

GC Jet

Jul-24

$2.47

$2.43

1.57%

$0.04

$2.37

3.96%

$2.08

18.79%

 

 

Chicago Ethanol

Jul-24

$1.94

$1.91

1.15%

$0.02

$1.85

4.70%

$1.70

13.87%

 

 

Rotterdam Gasoil

Jul-24

$718.28

$708.01

1.45%

$10.27

$707.51

1.52%

$626.71

14.61%

 

 

Singapore Jet Kero

Jul-24

$96.80

$97.49

-0.71%

-$0.69

$95.90

0.94%

$90.22

7.30%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/13/24

6/12/24

% Change

Change

5/15/24

% Change

6/14/23

% Change

 

 

Henry Hub Straddle

Aug-24

69.38%

70.50%

-1.59%

-1.12%

46.94%

47.81%

44.94%

54.38%

 

 

Algonquin Straddle

Aug-24

83.17%

85.01%

-2.16%

-1.84%

53.32%

55.98%

45.30%

83.60%

 

 

Waha Straddle

Aug-24

107.33%

111.59%

-3.82%

-4.26%

98.55%

8.91%

47.61%

125.44%

 

 

Chicago Straddle

Aug-24

83.28%

83.77%

-0.58%

-0.49%

57.57%

44.66%

45.05%

84.86%

 

 

PJM West Straddle

Aug-24

107.67%

89.85%

19.83%

17.82%

64.77%

66.23%

45.39%

137.21%

 

 

SP – 15 Straddle

Aug-24

106.03%

103.89%

2.06%

2.14%

117.03%

-9.40%

83.23%

27.39%

 

 

Mid. C Straddle

Aug-24

353.87%

384.11%

-7.87%

-30.24%

410.34%

-13.76%

170.93%

107.03%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/13/24

6/12/24

% Change

Change

5/15/24

% Change

6/14/23

% Change

 

 

Dutch TTF

Aug-24

EUR 36.10

EUR 35.16

2.69%

EUR 0.94

EUR 30.78

17.30%

EUR 52.30

-30.97%

 

 

NBP

Aug-24

GBP 85.88

GBP 83.98

2.26%

GBP 1.90

GBP 72.81

17.95%

GBP 126.79

-32.27%

 

 

German Base

Aug-24

EUR 80.54

EUR 79.15

1.75%

EUR 1.39

EUR 73.45

9.65%

EUR 135.34

-40.49%

 

 

UK Base

Aug-24

GBP 74.88

GBP 74.51

0.49%

GBP 0.37

GBP 63.50

17.91%

GBP 112.99

-33.73%

 

 

French Base

Aug-24

EUR 42.33

EUR 43.37

-2.40%

-EUR 1.04

EUR 53.81

-21.33%

EUR 124.96

-66.12%

 

 

Italian Base

Aug-24

EUR 108.02

EUR 104.49

3.38%

EUR 3.53

EUR 96.11

12.39%

EUR 145.15

-25.58%

 

 

JKM LNG

Aug-24

$12.33

$12.53

-1.56%

-$0.19

$10.85

13.65%

$16.64

-25.87%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/13/24

6/12/24

% Change

Change

5/15/24

% Change

6/14/23

% Change

 

 

TD3C FFA Middle East to China (WET)

Aug-24

$36.10

$35.16

2.69%

$0.94

$30.78

17.30%

$52.30

-30.97%

 

 

USGC-UK Continent Dirty (WET)

Aug-24

$85.88

$83.98

2.26%

$1.90

$72.81

17.95%

$126.79

-32.27%

 

 

TD20 West Africa to UK Continent (WET)

Aug-24

$80.54

$79.15

1.75%

$1.39

$73.45

9.65%

$135.34

-40.49%

 

 

LPG FFA Middle East Gulf to East (WET)

Aug-24

$74.88

$74.51

0.49%

$0.37

$63.50

17.91%

$112.99

-33.73%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Aug-24

$42.33

$43.37

-2.40%

-$1.04

$53.81

-21.33%

$124.96

-66.12%

 

 

Supramax Timecharter (DRY)

Aug-24

$108.02

$104.49

3.38%

$3.53

$96.11

12.39%

$145.15

-25.58%

 

 

Capesize Timecharter (DRY)

Aug-24

$12.33

$12.53

-1.56%

-$0.19

$10.85

13.65%

$16.64

-25.87%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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