Prices as of 7:50 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.692

$2.751

-2.14%

-$0.059

44,579

 

 

WTI

$78.36

$79.80

-1.80%

-$1.44

2,332

 

 

Brent

$82.33

$83.71

-1.65%

-$1.38

7,888

 

 

ULSD

$2.452

$2.487

-1.40%

-$0.035

4,360

 

 

RBOB

$2.501

$2.540

-1.55%

-$0.039

2,990

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.41

$4.41

0.00%

$0.00

Jul-24

 

 

3:2:1 Crack

$26.28

$26.52

-0.91%

-$0.24

Jun-24

 

 

PJM West Spark

$47.71

$43.07

10.79%

$4.65

Jun-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

05/17/24

604

1

-116

05/20/23

 

 

Canada

05/17/24

114

-2

29

05/20/23

 

 

International

Apr

978

7

31

Apr

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 5/14/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

95,604

95,153

95,194

-41

 

 

PJM West Off Peak

82,441

82,086

82,142

-56

 

 

Natural Gas Henry Hub

366,777

346,142

353,702

-7,560

 

 

WTI – Light Sweet Crude Futures

156,490

139,402

131,881

7,521

 

 

Brent Crude Last Day

127,339

117,124

120,020

-2,896

 

 

NYM Ethanol

36,299

35,562

35,959

-397

 

 

Mt Belvieu LDH Propane Swap

157,664

156,584

157,120

-536

 

 

RBOB

407,857

382,270

389,792

-7,522

 

 

HSC Basis

823,959

815,257

818,640

-3,383

 

 

 

 

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

 

 

 

 

05/10/19

 

 

 

5/10/24

5/3/24

Net Change

% Change

5/12/23

% Change

5 Year Avg.

% Change

 

 

East

482

454

28

6.17%

458

5.24%

382

26.11%

 

 

Midwest

606

584

22

3.77%

520

16.54%

454

33.60%

 

 

Mountain

196

191

5

2.62%

112

75.00%

111

76.26%

 

 

Pacific

252

246

6

2.44%

127

98.43%

198

27.53%

 

 

South

1,097

1,087

10

0.92%

1,023

7.23%

901

21.78%

 

 

    Salt

313

314

-1

-0.32%

290

7.93%

281

11.31%

 

 

    Non_Salt

784

773

11

1.42%

734

6.81%

620

26.41%

 

 

Total

2,633

2,563

70

2.73%

2,240

17.54%

2,046

28.72%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/20/24

5/17/24

% Change

Change

4/22/24

% Change

5/19/23

% Change

 

 

PJM West On Peak

Jun-24

$53.47

$48.95

9.23%

$4.52

$43.44

23.10%

$48.14

11.08%

 

 

ERCOT North On Peak

Jun-24

$79.52

$78.98

0.68%

$0.54

$69.61

14.24%

$45.53

74.66%

 

 

CAISO SP 15 On Peak

Jun-24

$22.75

$23.57

-3.48%

-$0.82

$26.13

-12.93%

$55.02

-58.65%

 

 

MISO Indiana On Peak

Jun-24

$53.73

$49.49

8.57%

$4.24

$44.57

20.55%

$52.06

3.22%

 

 

NEISO Mass On Peak

Jun-24

$42.15

$40.99

2.82%

$1.16

$37.61

12.08%

$49.14

-14.21%

 

 

WECC Mid C On Peak

Jun-24

$38.00

$38.30

-0.79%

-$0.30

$39.81

-4.56%

$60.85

-37.55%

 

 

NYISO Zone G On Peak

Jun-24

$42.43

$41.15

3.12%

$1.28

$36.96

14.80%

$49.57

-14.40%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/20/24

5/17/24

% Change

Change

4/22/24

% Change

5/19/23

% Change

 

 

NYMEX Henry Hub

Jun-24

$2.751

$2.626

4.76%

$0.13

$2.07

33.22%

$3.32

-17.06%

 

 

Houston Ship Channel

Jun-24

-$0.295

-$0.273

8.25%

-$0.02

-$0.22

31.45%

-$0.39

-24.06%

 

 

Chicago

Jun-24

-$0.442

-$0.376

-14.97%

-$0.07

-$0.23

94.93%

-$0.23

88.86%

 

 

Waha

Jun-24

-$2.020

-$1.855

-8.91%

-$0.17

-$1.58

27.97%

-$1.15

75.82%

 

 

Algonquin

Jun-24

-$0.560

-$0.479

-16.88%

-$0.08

-$0.01

5135.51%

-$0.22

158.39%

 

 

Aeco

Jun-24

-$1.747

-$1.614

8.25%

-$0.13

-$0.98

77.51%

-$1.26

38.85%

 

 

Socal

Jun-24

-$0.618

-$0.504

22.59%

-$0.11

-$0.30

104.74%

$0.00

-206133.32%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/20/24

5/17/24

% Change

Change

4/22/24

% Change

5/19/23

% Change

 

 

Mt. Belvieu Propane LST

Jun-24

$0.710

$0.700

1.44%

$0.01

$0.77

-8.23%

$0.66

8.27%

 

 

Mt. Belvieu Propane non LST

Jun-24

$0.700

$0.696

0.54%

$0.00

$0.77

-9.08%

$0.66

5.56%

 

 

Mt. Belview Ethane

Jun-24

$0.210

$0.205

2.42%

$0.00

$0.20

5.66%

$0.23

-10.21%

 

 

Mt. Belview Nat. Gasoline

Jun-24

$1.545

$1.539

0.41%

$0.01

$1.58

-2.36%

$1.36

13.21%

 

 

Mt. Belvieu Butane LST

Jun-24

$0.802

$0.788

1.82%

$0.01

$0.87

-7.72%

$0.74

7.89%

 

 

Far East Propane

Jun-24

$6.174

$6.106

1.12%

$0.07

$5.90

4.66%

$4.90

26.05%

 

 

Saudi Propane

Jun-24

$5.783

$5.531

4.55%

$0.25

$5.54

4.43%

$4.70

23.08%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/20/24

5/17/24

% Change

Change

4/22/24

% Change

5/19/23

% Change

 

 

WTI

Jul-24

$79.30

$79.58

-0.35%

-$0.28

$81.21

-2.35%

$67.94

16.72%

 

 

Brent

Jul-24

$83.71

$83.98

-0.32%

-$0.27

$86.07

-2.74%

$72.28

15.81%

 

 

WCS

Jul-24

-$11.10

-$11.15

-0.44%

$0.05

-$10.75

3.27%

-$13.00

-14.61%

 

 

LLS

Jul-24

$81.80

$80.65

1.41%

$1.15

$83.28

-1.77%

$70.51

16.01%

 

 

Mars

Jul-24

$79.50

$78.60

1.13%

$0.90

$81.39

-2.33%

$65.99

20.47%

 

 

Sour

Jul-24

$79.61

$78.77

1.06%

$0.84

$82.23

-3.19%

$65.88

20.85%

 

 

ESPO

Jul-24

$81.71

$81.98

-0.33%

-$0.27

$84.07

-2.81%

$71.25

14.68%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/20/24

5/17/24

% Change

Change

4/22/24

% Change

5/19/23

% Change

 

 

NY Heating Oil

Jun-24

$2.48

$2.49

-0.20%

$0.00

$2.57

-3.46%

$2.32

7.16%

 

 

NY Gasoline

Jun-24

$2.54

$2.54

-0.08%

$0.00

$2.66

-4.73%

$2.22

14.22%

 

 

GC Gasoline

Jun-24

$2.44

$2.44

-0.08%

$0.00

$2.56

-4.91%

$2.12

14.89%

 

 

GC Jet

Jun-24

$2.43

$2.46

-0.98%

-$0.02

$2.51

-2.87%

$2.14

13.59%

 

 

Chicago Ethanol

Jun-24

$1.78

$1.78

0.28%

$0.00

$1.72

3.66%

$1.55

14.86%

 

 

Rotterdam Gasoil

Jun-24

$724.83

$721.52

0.46%

$3.31

$739.37

-1.97%

$626.40

15.71%

 

 

Singapore Jet Kero

Jun-24

$97.48

$96.49

1.02%

$0.99

$99.69

-2.22%

$89.08

9.42%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/20/24

5/17/24

% Change

Change

4/22/24

% Change

5/19/23

% Change

 

 

Henry Hub Straddle

Jul-24

54.85%

49.80%

10.14%

5.05%

53.12%

3.26%

46.13%

18.90%

 

 

Algonquin Straddle

Jul-24

52.16%

48.39%

7.79%

3.77%

50.91%

2.46%

44.76%

16.53%

 

 

Waha Straddle

Jul-24

118.14%

111.71%

5.76%

6.43%

103.19%

14.49%

51.10%

131.19%

 

 

Chicago Straddle

Jul-24

63.50%

58.87%

7.86%

4.63%

53.84%

17.94%

45.34%

40.05%

 

 

PJM West Straddle

Jul-24

76.44%

76.18%

0.34%

0.26%

59.58%

28.30%

53.70%

42.35%

 

 

SP – 15 Straddle

Jul-24

60.59%

74.58%

-18.76%

-13.99%

71.09%

-14.77%

69.07%

-12.28%

 

 

Mid. C Straddle

Jul-24

322.69%

323.70%

-0.31%

-1.01%

190.24%

69.62%

113.64%

183.96%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/20/24

5/17/24

% Change

Change

4/22/24

% Change

5/19/23

% Change

 

 

Dutch TTF

Jul-24

EUR 31.95

EUR 31.04

2.92%

EUR 0.91

EUR 29.32

8.97%

EUR 48.56

-34.22%

 

 

NBP

Jul-24

GBP 76.67

GBP 74.25

3.26%

GBP 2.42

GBP 71.84

6.73%

GBP 117.38

-34.68%

 

 

German Base

Jul-24

EUR 76.04

EUR 71.83

5.87%

EUR 4.21

EUR 71.46

6.41%

EUR 116.86

-34.93%

 

 

UK Base

Jul-24

GBP 71.69

GBP 70.11

2.25%

GBP 1.58

GBP 66.96

7.05%

GBP 111.39

-35.64%

 

 

French Base

Jul-24

EUR 55.94

EUR 53.24

5.07%

EUR 2.70

EUR 51.81

7.97%

EUR 112.28

-50.18%

 

 

Italian Base

Jul-24

EUR 106.86

EUR 100.95

5.85%

EUR 5.91

EUR 97.97

9.06%

EUR 137.01

-22.01%

 

 

JKM LNG

Jul-24

$11.21

$10.76

4.19%

$0.45

$10.16

10.27%

$14.77

-24.08%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/20/24

5/17/24

% Change

Change

4/22/24

% Change

5/19/23

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-24

$31.95

$31.04

2.92%

$0.91

$29.32

8.97%

$48.56

-34.22%

 

 

USGC-UK Continent Dirty (WET)

Jul-24

$76.67

$74.25

3.26%

$2.42

$71.84

6.73%

$117.38

-34.68%

 

 

TD20 West Africa to UK Continent (WET)

Jul-24

$76.04

$71.83

5.87%

$4.21

$71.46

6.41%

$116.86

-34.93%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-24

$71.69

$70.11

2.25%

$1.58

$66.96

7.05%

$111.39

-35.64%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-24

$55.94

$53.24

5.07%

$2.70

$51.81

7.97%

$112.28

-50.18%

 

 

Supramax Timecharter (DRY)

Jul-24

$106.86

$100.95

5.85%

$5.91

$97.97

9.06%

$137.01

-22.01%

 

 

Capesize Timecharter (DRY)

Jul-24

$11.21

$10.76

4.19%

$0.45

$10.16

10.27%

$14.77

-24.08%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

05/18/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

-1

-3

0

-1

-5

NA

NA

 

 

Middle Atlantic

0

-4

-4

9

3

-5

NA

NA

 

 

E N Central

6

-5

3

11

-9

2

NA

NA

 

 

W N Central

14

1

-5

25

-7

-22

NA

NA

 

 

South Atlantic

43

4

-8

286

19

-62

7.00%

-18.00%

 

 

E S Central

32

3

-22

163

47

16

41.00%

11.00%

 

 

W S Central

55

0

-9

375

78

-6

26.00%

-2.00%

 

 

Mountain

21

2

-4

54

-37

-12

NA

NA

 

 

Pacific

0

-7

-14

1

-36

-16

NA

NA

 

 

United States

19

-1

-7

114

6

-16

6.00%

-12.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

05/18/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

52

-13

-7

5,700

-798

101

-12.00%

2.00%

 

 

Middle Atlantic

42

-8

0

5,143

-701

85

-12.00%

2.00%

 

 

E N Central

28

-27

-13

5,329

-1,083

-428

-17.00%

-7.00%

 

 

W N Central

26

-22

1

5,594

-1,080

-894

-16.00%

-14.00%

 

 

South Atlantic

13

-1

7

2,452

-395

12

-14.00%

0.00%

 

 

E S Central

11

-6

9

3,075

-522

-4

-15.00%

0.00%

 

 

W S Central

2

-2

1

2,059

-236

-41

-10.00%

-2.00%

 

 

Mountain

39

-15

2

4,805

-272

-599

-5.00%

-11.00%

 

 

Pacific

23

-19

20

3,009

-96

-492

-3.00%

-14.00%

 

 

United States

24

-13

3

3,909

-553

-231

-12.00%

-6.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

To opt out of this email please follow this link.

Campbell Faulkner | OTC Global Holdings

Quality Data – Reliable Service – Affordable Price

5151 San Felipe Suite 2200
Houston, TX 77056
faulkner.c@otcgh.com
eoxlive.com/market-data

 

This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.