Prices as of 8:08 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$1.841

$1.860

-1.02%

-$0.019

22,323

 

 

WTI

$79.83

$78.26

2.01%

$1.57

100,933

 

 

Brent

$83.39

$83.62

-0.28%

-$0.23

10,189

 

 

ULSD

$2.675

$2.684

-0.33%

-$0.009

6,646

 

 

RBOB

$2.611

$2.304

13.31%

$0.307

7,438

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.50

$4.46

0.90%

$0.04

May-24

 

 

3:2:1 Crack

$30.59

$30.88

-0.92%

-$0.28

Apr-24

 

 

PJM West Spark

NA

NA

NA

NA

Mar-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

02/23/24

626

5

-127

02/24/23

 

 

Canada

02/23/24

231

-3

-13

02/24/23

 

 

International

Feb

958

-7

43

Feb

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 2/20/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

96,189

95,769

95,880

-111

 

 

PJM West Off Peak

82,797

82,482

82,646

-164

 

 

Natural Gas Henry Hub

391,941

369,385

379,693

-10,308

 

 

WTI – Light Sweet Crude Futures

145,874

122,677

108,540

14,137

 

 

Brent Crude Last Day

116,848

109,544

108,904

640

 

 

NYM Ethanol

52,454

51,704

52,046

-342

 

 

Mt Belvieu LDH Propane Swap

162,467

161,545

162,247

-702

 

 

RBOB

391,100

366,555

376,101

-9,546

 

 

HSC Basis

788,024

779,794

782,203

-2,409

 

 

 

 

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

 

 

 

 

03/01/19

 

 

 

2/23/24

2/16/24

Net Change

% Change

2/24/23

% Change

5 Year Avg.

% Change

 

 

East

453

505

-52

-10.30%

451

0.44%

391

15.92%

 

 

Midwest

600

631

-31

-4.91%

544

10.29%

462

29.93%

 

 

Mountain

169

173

-4

-2.31%

99

70.71%

97

73.87%

 

 

Pacific

217

217

0

0.00%

99

119.19%

156

38.75%

 

 

South

935

944

-9

-0.95%

922

1.41%

711

31.58%

 

 

    Salt

275

278

-3

-1.08%

261

5.36%

198

38.61%

 

 

    Non_Salt

660

666

-6

-0.90%

661

-0.15%

512

28.86%

 

 

Total

2,374

2,470

-96

-3.89%

2,114

12.30%

1,817

30.68%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/29/24

2/28/24

% Change

Change

1/31/24

% Change

3/2/23

% Change

 

 

PJM West On Peak

Mar-24

$29.57

$27.87

6.12%

$1.71

$40.04

-26.15%

$48.21

-38.66%

 

 

ERCOT North On Peak

Mar-24

$28.97

$28.02

3.41%

$0.96

$40.01

-27.58%

$41.66

-30.45%

 

 

CAISO SP 15 On Peak

Mar-24

$23.25

$25.00

-7.00%

-$1.75

$36.75

-36.73%

$56.18

-58.61%

 

 

MISO Indiana On Peak

Mar-24

$29.53

$28.22

4.67%

$1.32

$37.69

-21.64%

$49.03

-39.77%

 

 

NEISO Mass On Peak

Mar-24

$32.61

$29.75

9.63%

$2.86

$46.12

-29.29%

$77.14

-57.72%

 

 

WECC Mid C On Peak

Mar-24

$51.56

$47.00

9.69%

$4.56

$69.78

-26.11%

$68.39

-24.62%

 

 

NYISO Zone G On Peak

Mar-24

$29.51

$28.41

3.89%

$1.10

$41.51

-28.90%

$58.04

-49.16%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/29/24

2/28/24

% Change

Change

1/31/24

% Change

3/2/23

% Change

 

 

NYMEX Henry Hub

Apr-24

$1.860

$1.885

-1.33%

-$0.02

$2.12

-12.31%

$3.46

-46.18%

 

 

Houston Ship Channel

Apr-24

-$0.294

-$0.305

-3.32%

$0.01

-$0.22

34.00%

-$0.40

-26.25%

 

 

Chicago

Apr-24

-$0.127

-$0.126

-0.79%

$0.00

-$0.06

125.31%

-$0.06

99.84%

 

 

Waha

Apr-24

-$1.182

-$1.201

-1.64%

$0.02

-$1.07

10.21%

-$1.36

-13.18%

 

 

Algonquin

Apr-24

-$0.047

$0.017

-378.70%

-$0.06

$0.36

-112.99%

$1.10

-104.29%

 

 

Aeco

Apr-24

-$0.554

-$0.548

1.10%

-$0.01

-$0.71

-21.50%

-$0.97

-42.99%

 

 

Socal

Apr-24

$0.120

$0.173

-30.91%

-$0.05

$0.12

3.01%

$0.11

7.44%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/29/24

2/28/24

% Change

Change

1/31/24

% Change

3/2/23

% Change

 

 

Mt. Belvieu Propane LST

Mar-24

$0.854

$0.850

0.43%

$0.00

$0.86

-0.71%

$0.87

-1.37%

 

 

Mt. Belvieu Propane non LST

Mar-24

$0.852

$0.850

0.30%

$0.00

$0.90

-5.16%

$0.87

-1.66%

 

 

Mt. Belview Ethane

Mar-24

$0.200

$0.195

2.57%

$0.01

$0.20

0.00%

$0.27

-25.07%

 

 

Mt. Belview Nat. Gasoline

Mar-24

$1.600

$1.588

0.75%

$0.01

$1.50

6.53%

$1.59

0.30%

 

 

Mt. Belvieu Butane LST

Mar-24

$1.023

$1.002

2.14%

$0.02

$1.01

1.14%

$0.97

5.33%

 

 

Far East Propane

Mar-24

$6.000

$6.011

-0.18%

-$0.01

$6.00

0.01%

$5.94

1.00%

 

 

Saudi Propane

Mar-24

$6.390

$6.200

3.08%

$0.19

$5.92

7.92%

$5.70

12.15%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/29/24

2/28/24

% Change

Change

1/31/24

% Change

3/2/23

% Change

 

 

WTI

Apr-24

$78.26

$78.54

-0.36%

-$0.28

$75.71

3.37%

$74.10

5.61%

 

 

Brent

Apr-24

$82.27

$83.68

-1.71%

-$1.41

$80.55

2.14%

$79.37

3.66%

 

 

WCS

Apr-24

-$18.31

-$18.29

0.14%

-$0.03

-$17.06

7.33%

-$16.92

8.25%

 

 

LLS

Apr-24

$79.77

$80.16

-0.49%

-$0.39

$77.75

2.60%

$75.41

5.77%

 

 

Mars

Apr-24

$76.78

$77.12

-0.45%

-$0.34

$75.58

1.58%

$71.43

7.48%

 

 

Sour

Apr-24

$78.22

$78.41

-0.24%

-$0.19

$75.58

3.50%

$71.43

9.51%

 

 

ESPO

Apr-24

$80.27

$81.68

-1.75%

-$1.41

$78.55

2.19%

$76.39

5.09%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/29/24

2/28/24

% Change

Change

1/31/24

% Change

3/2/23

% Change

 

 

NY Heating Oil

Mar-24

$2.68

$2.68

-0.07%

$0.00

$2.76

-2.90%

$2.64

1.36%

 

 

NY Gasoline

Mar-24

$2.30

$2.27

0.92%

$0.02

$2.25

2.00%

$2.25

1.86%

 

 

GC Gasoline

Mar-24

$2.19

$2.17

0.97%

$0.02

$2.15

2.09%

$2.15

1.95%

 

 

GC Jet

Mar-24

$2.55

$2.53

0.47%

$0.01

$2.60

-2.11%

$2.56

-0.35%

 

 

Chicago Ethanol

Mar-24

$1.45

$1.44

0.84%

$0.01

$1.66

-12.67%

$1.90

-23.75%

 

 

Rotterdam Gasoil

Mar-24

$771.60

$762.91

1.14%

$8.69

$780.48

-1.14%

$721.59

6.93%

 

 

Singapore Jet Kero

Mar-24

$100.85

$101.89

-1.02%

-$1.04

$101.65

-0.79%

$95.71

5.37%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/29/24

2/28/24

% Change

Change

1/31/24

% Change

3/2/23

% Change

 

 

Henry Hub Straddle

Apr-24

68.24%

62.84%

8.59%

5.40%

58.86%

15.94%

56.65%

20.46%

 

 

Algonquin Straddle

Apr-24

71.60%

63.84%

12.16%

7.76%

53.24%

34.49%

59.17%

21.01%

 

 

Waha Straddle

Apr-24

117.29%

102.65%

14.26%

14.64%

102.08%

14.90%

67.45%

73.89%

 

 

Chicago Straddle

Apr-24

65.53%

60.46%

8.39%

5.07%

58.39%

12.23%

56.88%

15.21%

 

 

PJM West Straddle

Apr-24

44.87%

47.96%

-6.44%

-3.09%

46.85%

-4.23%

42.96%

4.45%

 

 

SP – 15 Straddle

Apr-24

83.12%

83.47%

-0.42%

-0.35%

25.85%

221.55%

29.71%

179.77%

 

 

Mid. C Straddle

Apr-24

49.59%

92.83%

-46.58%

-43.24%

329.06%

-84.93%

63.83%

-22.31%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/29/24

2/28/24

% Change

Change

1/31/24

% Change

3/2/23

% Change

 

 

Dutch TTF

Apr-24

EUR 25.30

EUR 25.56

-1.04%

-EUR 0.26

EUR 30.48

-17.00%

EUR 51.30

-50.69%

 

 

NBP

Apr-24

GBP 62.67

GBP 63.13

-0.73%

-GBP 0.46

GBP 74.63

-16.02%

GBP 137.21

-54.33%

 

 

German Base

Apr-24

EUR 56.51

EUR 57.40

-1.55%

-EUR 0.89

EUR 65.17

-13.29%

EUR 144.80

-60.98%

 

 

UK Base

Apr-24

GBP 57.65

GBP 60.08

-4.05%

-GBP 2.43

GBP 66.00

-12.65%

GBP 128.03

-54.97%

 

 

French Base

Apr-24

EUR 49.98

EUR 51.53

-3.00%

-EUR 1.55

EUR 63.44

-21.21%

EUR 132.49

-62.27%

 

 

Italian Base

Apr-24

EUR 77.15

EUR 79.45

-2.89%

-EUR 2.29

EUR 91.90

-16.05%

EUR 154.71

-50.13%

 

 

JKM LNG

Apr-24

$8.75

$9.41

-6.99%

-$0.66

$9.71

-9.85%

$15.17

-42.32%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/29/24

2/28/24

% Change

Change

1/31/24

% Change

3/2/23

% Change

 

 

TD3C FFA Middle East to China (WET)

Apr-24

$25.30

$25.56

-1.04%

-$0.26

$30.48

-17.00%

$51.30

-50.69%

 

 

USGC-UK Continent Dirty (WET)

Apr-24

$62.67

$63.13

-0.73%

-$0.46

$74.63

-16.02%

$137.21

-54.33%

 

 

TD20 West Africa to UK Continent (WET)

Apr-24

$56.51

$57.40

-1.55%

-$0.89

$65.17

-13.29%

$144.80

-60.98%

 

 

LPG FFA Middle East Gulf to East (WET)

Apr-24

$57.65

$60.08

-4.05%

-$2.43

$66.00

-12.65%

$128.03

-54.97%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Apr-24

$49.98

$51.53

-3.00%

-$1.55

$63.44

-21.21%

$132.49

-62.27%

 

 

Supramax Timecharter (DRY)

Apr-24

$77.15

$79.45

-2.89%

-$2.29

$91.90

-16.05%

$154.71

-50.13%

 

 

Capesize Timecharter (DRY)

Apr-24

$8.75

$9.41

-6.99%

-$0.66

$9.71

-9.85%

$15.17

-42.32%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

02/24/2024

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

2

-6

-15

27

-32

-43

NA

NA

 

 

E S Central

0

-2

-8

0

-10

-10

NA

NA

 

 

W S Central

6

2

-8

11

-15

-25

NA

NA

 

 

Mountain

0

-1

0

0

-3

0

NA

NA

 

 

Pacific

0

-1

0

0

-3

0

NA

NA

 

 

United States

1

-2

-4

6

-9

-11

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

02/24/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

255

-1

30

4,033

-595

135

-13.00%

3.00%

 

 

Middle Atlantic

232

-5

44

3,741

-462

135

-11.00%

4.00%

 

 

E N Central

206

-46

-2

3,990

-709

-176

-15.00%

-4.00%

 

 

W N Central

183

-70

-89

4,184

-843

-593

-17.00%

-12.00%

 

 

South Atlantic

119

0

55

1,934

-236

63

-11.00%

3.00%

 

 

E S Central

130

-14

49

2,475

-302

97

-11.00%

4.00%

 

 

W S Central

73

-20

10

1,740

-124

23

-7.00%

1.00%

 

 

Mountain

160

-14

-56

3,428

-312

-452

-8.00%

-12.00%

 

 

Pacific

102

-3

-48

2,004

-193

-326

-9.00%

-14.00%

 

 

United States

156

-17

5

2,901

-393

-103

-12.00%

-3.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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