Prices as of 8:03 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.644

$2.671

-1.01%

-$0.027

32,765

 

 

WTI

$77.81

$79.26

-1.83%

-$1.45

80,993

 

 

Brent

$81.98

$82.88

-1.09%

-$0.90

6,982

 

 

ULSD

$2.435

$2.462

-1.10%

-$0.027

2,755

 

 

RBOB

$2.473

$2.510

-1.49%

-$0.037

2,333

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.18

$4.22

-0.95%

-$0.04

Jul-24

 

 

3:2:1 Crack

$25.52

$25.99

-1.79%

-$0.46

Jul-24

 

 

PJM West Spark

$45.82

$47.76

-4.06%

-$1.94

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

5/21/24

5/20/24

% Change

Change

4/23/24

% Change

5/22/23

% Change

 

 

PJM West On Peak

Jun-24

$51.50

$53.47

-3.69%

-$1.97

$42.62

20.84%

$48.10

7.06%

 

 

ERCOT North On Peak

Jun-24

$75.83

$79.52

-4.64%

-$3.69

$67.81

11.83%

$46.31

63.74%

 

 

CAISO SP 15 On Peak

Jun-24

$21.25

$22.75

-6.60%

-$1.50

$25.25

-15.84%

$57.18

-62.84%

 

 

MISO Indiana On Peak

Jun-24

$51.94

$53.73

-3.33%

-$1.79

$43.63

19.05%

$52.07

-0.25%

 

 

NEISO Mass On Peak

Jun-24

$40.29

$42.15

-4.42%

-$1.86

$36.58

10.15%

$47.89

-15.86%

 

 

WECC Mid C On Peak

Jun-24

$36.06

$38.00

-5.11%

-$1.94

$39.32

-8.29%

$61.50

-41.37%

 

 

NYISO Zone G On Peak

Jun-24

$40.91

$42.43

-3.59%

-$1.52

$36.34

12.56%

$48.35

-15.40%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/21/24

5/20/24

% Change

Change

4/23/24

% Change

5/22/23

% Change

 

 

NYMEX Henry Hub

Jun-24

$2.671

$2.751

-2.91%

-$0.08

$2.09

27.55%

$3.25

-17.76%

 

 

Houston Ship Channel

Jun-24

-$0.325

-$0.295

10.00%

-$0.03

-$0.16

104.02%

-$0.38

-15.34%

 

 

Chicago

Jun-24

-$0.512

-$0.442

-13.56%

-$0.07

-$0.19

173.78%

-$0.23

121.61%

 

 

Waha

Jun-24

-$2.067

-$2.020

-2.31%

-$0.05

-$1.30

59.12%

-$1.14

80.98%

 

 

Algonquin

Jun-24

-$0.600

-$0.560

-7.03%

-$0.04

$0.01

-11203.70%

-$0.21

186.62%

 

 

Aeco

Jun-24

-$1.783

-$1.747

2.06%

-$0.04

-$0.94

89.34%

-$1.27

40.78%

 

 

Socal

Jun-24

-$0.672

-$0.618

8.66%

-$0.05

-$0.34

96.14%

-$0.01

7446.07%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/21/24

5/20/24

% Change

Change

4/23/24

% Change

5/22/23

% Change

 

 

Mt. Belvieu Propane LST

Jun-24

$0.703

$0.710

-1.05%

-$0.01

$0.77

-9.05%

$0.65

8.11%

 

 

Mt. Belvieu Propane non LST

Jun-24

$0.707

$0.700

1.07%

$0.01

$0.78

-9.01%

$0.65

8.48%

 

 

Mt. Belview Ethane

Jun-24

$0.215

$0.210

2.37%

$0.00

$0.20

6.77%

$0.23

-6.25%

 

 

Mt. Belview Nat. Gasoline

Jun-24

$1.520

$1.545

-1.61%

-$0.02

$1.60

-4.70%

$1.39

9.71%

 

 

Mt. Belvieu Butane LST

Jun-24

$0.807

$0.802

0.62%

$0.01

$0.87

-6.94%

$0.74

8.37%

 

 

Far East Propane

Jun-24

$6.110

$6.174

-1.04%

-$0.06

$5.92

3.21%

$4.82

26.68%

 

 

Saudi Propane

Jun-24

$5.700

$5.783

-1.44%

-$0.08

$5.60

1.74%

$4.58

24.32%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/21/24

5/20/24

% Change

Change

4/23/24

% Change

5/22/23

% Change

 

 

WTI

Jul-24

$78.66

$79.30

-0.81%

-$0.64

$82.56

-4.72%

$68.17

15.39%

 

 

Brent

Jul-24

$82.88

$83.71

-1.00%

-$0.83

$87.39

-5.16%

$72.49

14.33%

 

 

WCS

Jul-24

-$11.10

-$11.10

0.00%

$0.00

-$11.22

-1.10%

-$13.00

-14.61%

 

 

LLS

Jul-24

$81.40

$81.80

-0.49%

-$0.40

$83.12

-2.08%

$70.14

16.04%

 

 

Mars

Jul-24

$79.30

$79.50

-0.25%

-$0.20

$81.27

-2.43%

$65.51

21.05%

 

 

Sour

Jul-24

$79.34

$79.61

-0.34%

-$0.27

$81.03

-2.08%

$66.30

19.67%

 

 

ESPO

Jul-24

$80.88

$81.71

-1.03%

-$0.83

$85.39

-5.28%

$71.31

13.42%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/21/24

5/20/24

% Change

Change

4/23/24

% Change

5/22/23

% Change

 

 

NY Heating Oil

Jun-24

$2.46

$2.48

-0.81%

-$0.02

$2.58

-4.65%

$2.32

6.39%

 

 

NY Gasoline

Jun-24

$2.51

$2.54

-0.99%

-$0.03

$2.70

-6.93%

$2.23

12.79%

 

 

GC Gasoline

Jun-24

$2.41

$2.44

-1.03%

-$0.02

$2.60

-7.19%

$2.13

13.39%

 

 

GC Jet

Jun-24

$2.41

$2.43

-0.95%

-$0.02

$2.43

-0.74%

$2.12

13.95%

 

 

Chicago Ethanol

Jun-24

$1.77

$1.78

-0.56%

-$0.01

$1.73

2.60%

$1.62

9.30%

 

 

Rotterdam Gasoil

Jun-24

$719.04

$724.83

-0.80%

-$5.79

$739.99

-2.83%

$620.73

15.84%

 

 

Singapore Jet Kero

Jun-24

$96.62

$97.48

-0.88%

-$0.86

$101.10

-4.43%

$89.26

8.24%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/21/24

5/20/24

% Change

Change

4/23/24

% Change

5/22/23

% Change

 

 

Henry Hub Straddle

Jul-24

61.39%

54.85%

11.92%

6.54%

54.98%

11.66%

53.17%

15.46%

 

 

Algonquin Straddle

Jul-24

64.84%

52.16%

24.31%

12.68%

52.71%

23.01%

52.30%

23.98%

 

 

Waha Straddle

Jul-24

127.07%

118.14%

7.56%

8.93%

179.49%

-29.20%

56.98%

123.01%

 

 

Chicago Straddle

Jul-24

72.57%

63.50%

14.28%

9.07%

61.27%

18.44%

52.82%

37.39%

 

 

PJM West Straddle

Jul-24

75.01%

76.44%

-1.87%

-1.43%

58.88%

27.39%

53.78%

39.48%

 

 

SP – 15 Straddle

Jul-24

72.42%

60.59%

19.52%

11.83%

71.30%

1.57%

69.33%

4.46%

 

 

Mid. C Straddle

Jul-24

326.24%

322.69%

1.10%

3.55%

178.01%

83.27%

114.33%

185.35%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/21/24

5/20/24

% Change

Change

4/23/24

% Change

5/22/23

% Change

 

 

Dutch TTF

Jul-24

EUR 33.19

EUR 31.95

3.91%

EUR 1.25

EUR 28.82

15.20%

EUR 49.13

-32.44%

 

 

NBP

Jul-24

GBP 79.19

GBP 76.67

3.29%

GBP 2.52

GBP 69.99

13.14%

GBP 119.73

-33.86%

 

 

German Base

Jul-24

EUR 79.74

EUR 76.04

4.86%

EUR 3.70

EUR 70.23

13.54%

EUR 114.47

-30.34%

 

 

UK Base

Jul-24

GBP 75.08

GBP 71.69

4.73%

GBP 3.39

GBP 63.31

18.60%

GBP 109.09

-31.18%

 

 

French Base

Jul-24

EUR 53.32

EUR 55.94

-4.69%

-EUR 2.62

EUR 53.00

0.60%

EUR 107.61

-50.45%

 

 

Italian Base

Jul-24

EUR 110.63

EUR 106.86

3.54%

EUR 3.78

EUR 95.02

16.43%

EUR 130.79

-15.41%

 

 

JKM LNG

Jul-24

$10.93

$11.21

-2.47%

-$0.28

$10.23

6.91%

$13.83

-20.96%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/21/24

5/20/24

% Change

Change

4/23/24

% Change

5/22/23

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-24

$33.19

$31.95

3.91%

$1.25

$28.82

15.20%

$49.13

-32.44%

 

 

USGC-UK Continent Dirty (WET)

Jul-24

$79.19

$76.67

3.29%

$2.52

$69.99

13.14%

$119.73

-33.86%

 

 

TD20 West Africa to UK Continent (WET)

Jul-24

$79.74

$76.04

4.86%

$3.70

$70.23

13.54%

$114.47

-30.34%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-24

$75.08

$71.69

4.73%

$3.39

$63.31

18.60%

$109.09

-31.18%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-24

$53.32

$55.94

-4.69%

-$2.62

$53.00

0.60%

$107.61

-50.45%

 

 

Supramax Timecharter (DRY)

Jul-24

$110.63

$106.86

3.54%

$3.78

$95.02

16.43%

$130.79

-15.41%

 

 

Capesize Timecharter (DRY)

Jul-24

$10.93

$11.21

-2.47%

-$0.28

$10.23

6.91%

$13.83

-20.96%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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