Prices as of 7:56 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.005

$3.062

-1.86%

-$0.057

22,561

 

 

WTI

$74.02

$72.90

1.54%

$1.12

11,925

 

 

Brent

$78.70

$77.42

1.65%

$1.28

7,424

 

 

ULSD

$2.767

$2.750

0.61%

$0.017

3,139

 

 

RBOB

$2.128

$2.101

1.26%

$0.027

2,631

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.50

$4.33

3.93%

$0.17

Jan-24

 

 

3:2:1 Crack

$22.32

$22.45

-0.57%

-$0.13

Dec-23

 

 

PJM West Spark

$40.53

$42.17

-3.91%

-$1.65

Dec-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

11/10/23

616

-2

-163

11/11/22

 

 

Canada

11/10/23

199

3

-1

11/11/22

 

 

International

Oct

962

22

51

Oct

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 11/7/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

90,161

89,808

89,810

-2

 

 

PJM West Off Peak

81,232

80,793

80,661

132

 

 

Natural Gas Henry Hub

404,603

381,073

393,381

-12,308

 

 

WTI – Light Sweet Crude Futures

304,868

260,456

218,997

41,459

 

 

Brent Crude Last Day

122,371

112,223

115,913

-3,690

 

 

NYM Ethanol

32,238

31,865

31,361

504

 

 

Mt Belvieu LDH Propane Swap

151,982

151,449

151,633

-184

 

 

RBOB

317,875

292,092

301,038

-8,946

 

 

HSC Basis

649,207

642,112

641,953

159

 

 

 

 

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

 

 

 

 

11/16/18

 

 

 

11/10/23

11/3/23

Net Change

% Change

11/11/22

% Change

5 Year Avg.

% Change

 

 

East

931

924

7

0.76%

882

5.56%

889

4.68%

 

 

Midwest

1,116

1,105

11

1.00%

1,084

2.95%

1,066

4.69%

 

 

Mountain

256

253

3

1.19%

208

23.08%

208

23.08%

 

 

Pacific

292

284

8

2.82%

241

21.16%

274

6.49%

 

 

South

1,238

1,206

32

2.65%

1,228

0.81%

1,162

6.58%

 

 

    Salt

332

313

19

6.07%

327

1.53%

312

6.55%

 

 

    Non_Salt

906

893

13

1.46%

901

0.55%

850

6.61%

 

 

Total

3,833

3,773

60

1.59%

3,644

5.19%

3,599

6.49%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/16/23

11/15/23

% Change

Change

10/19/23

% Change

11/17/22

% Change

 

 

PJM West On Peak

Dec-23

$46.95

$48.73

-3.64%

-$1.77

$51.37

-8.60%

$78.19

-39.95%

 

 

ERCOT North On Peak

Dec-23

$45.56

$47.90

-4.88%

-$2.34

$48.00

-5.09%

$53.48

-14.81%

 

 

CAISO SP 15 On Peak

Dec-23

$84.05

$88.14

-4.64%

-$4.09

$111.16

-24.39%

$89.26

-5.84%

 

 

MISO Indiana On Peak

Dec-23

$43.17

$44.89

-3.82%

-$1.72

$48.89

-11.69%

$76.82

-43.80%

 

 

NEISO Mass On Peak

Dec-23

$68.80

$67.92

1.28%

$0.87

$80.81

-14.87%

$166.95

-58.79%

 

 

WECC Mid C On Peak

Dec-23

$133.45

$135.54

-1.54%

-$2.09

$148.88

-10.36%

$116.16

14.89%

 

 

NYISO Zone G On Peak

Dec-23

$55.36

$58.07

-4.67%

-$2.71

$60.79

-8.93%

$97.63

-43.30%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/16/23

11/15/23

% Change

Change

10/19/23

% Change

11/17/22

% Change

 

 

NYMEX Henry Hub

Dec-23

$3.062

$3.190

-4.01%

-$0.13

$3.33

-7.94%

$5.60

-45.33%

 

 

Houston Ship Channel

Dec-23

-$0.282

-$0.305

-7.42%

$0.02

-$0.21

33.48%

-$0.35

-19.55%

 

 

Chicago

Dec-23

$0.199

$0.210

5.22%

-$0.01

$0.30

-32.59%

$0.11

75.20%

 

 

Waha

Dec-23

-$0.636

-$0.666

-4.51%

$0.03

-$0.43

49.18%

-$1.39

-54.30%

 

 

Algonquin

Dec-23

$3.732

$3.530

5.73%

$0.20

$5.56

-32.90%

$14.63

-74.49%

 

 

Aeco

Dec-23

-$1.064

-$1.011

5.20%

-$0.05

-$1.16

-8.34%

-$1.96

-45.72%

 

 

Socal

Dec-23

$4.384

$4.449

-1.46%

-$0.06

$6.64

-33.95%

$1.70

158.53%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/16/23

11/15/23

% Change

Change

10/19/23

% Change

11/17/22

% Change

 

 

Mt. Belvieu Propane LST

Dec-23

$0.614

$0.629

-2.40%

-$0.02

$0.72

-14.47%

$0.87

-29.32%

 

 

Mt. Belvieu Propane non LST

Dec-23

$0.624

$0.629

-0.80%

-$0.01

$0.71

-12.00%

$0.88

-28.73%

 

 

Mt. Belview Ethane

Dec-23

$0.220

$0.230

-4.39%

-$0.01

$0.28

-21.45%

$0.33

-33.70%

 

 

Mt. Belview Nat. Gasoline

Dec-23

$1.430

$1.475

-3.06%

-$0.05

$1.63

-12.08%

$1.54

-7.44%

 

 

Mt. Belvieu Butane LST

Dec-23

$0.868

$0.867

0.01%

$0.00

$0.86

0.75%

$0.98

-11.74%

 

 

Far East Propane

Dec-23

$6.849

$7.030

-2.57%

-$0.18

$6.55

4.58%

$6.07

12.84%

 

 

Saudi Propane

Dec-23

$6.000

$6.080

-1.32%

-$0.08

$5.86

2.47%

$5.66

6.04%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/16/23

11/15/23

% Change

Change

10/19/23

% Change

11/17/22

% Change

 

 

WTI

Jan-24

$73.09

$76.79

-5.06%

-$3.70

$87.06

-16.05%

$75.13

-2.72%

 

 

Brent

Jan-24

$77.42

$81.18

-4.86%

-$3.76

$91.01

-14.93%

$81.24

-4.70%

 

 

WCS

Jan-24

-$23.99

-$23.86

0.54%

-$0.13

-$23.19

3.45%

-$23.42

2.43%

 

 

LLS

Jan-24

$75.46

$78.49

-4.03%

-$3.04

$87.89

-14.14%

$75.68

-0.29%

 

 

Mars

Jan-24

$73.07

$76.54

-4.74%

-$3.47

$84.48

-13.51%

$72.74

0.45%

 

 

Sour

Jan-24

$72.81

$76.04

-4.44%

-$3.23

$85.41

-14.76%

$71.60

1.69%

 

 

ESPO

Jan-24

$75.42

$79.18

-4.99%

-$3.76

$89.01

-15.27%

$78.31

-3.69%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/16/23

11/15/23

% Change

Change

10/19/23

% Change

11/17/22

% Change

 

 

NY Heating Oil

Dec-23

$2.75

$2.86

-4.02%

-$0.12

$3.08

-10.86%

$2.85

-3.68%

 

 

NY Gasoline

Dec-23

$2.17

$2.20

-1.37%

-$0.03

$2.35

-7.79%

$2.20

-1.54%

 

 

GC Gasoline

Dec-23

$2.07

$2.10

-1.43%

-$0.03

$2.25

-8.13%

$2.10

-1.62%

 

 

GC Jet

Dec-23

$2.66

$2.79

-4.45%

-$0.12

$2.86

-6.95%

$2.41

10.41%

 

 

Chicago Ethanol

Dec-23

$1.81

$1.78

1.18%

$0.02

$1.94

-6.96%

$2.06

-12.24%

 

 

Rotterdam Gasoil

Dec-23

$739.26

$770.21

-4.02%

-$30.95

$833.24

-11.28%

$770.27

-4.03%

 

 

Singapore Jet Kero

Dec-23

$105.34

$106.00

-0.62%

-$0.66

$113.13

-6.88%

$101.42

3.86%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/16/23

11/15/23

% Change

Change

10/19/23

% Change

11/17/22

% Change

 

 

Henry Hub Straddle

Jan-24

80.42%

71.05%

13.19%

9.37%

70.16%

14.62%

64.11%

25.44%

 

 

Algonquin Straddle

Jan-24

81.57%

79.17%

3.03%

2.40%

95.19%

-14.31%

81.99%

-0.51%

 

 

Waha Straddle

Jan-24

81.41%

74.38%

9.45%

7.03%

71.84%

13.32%

77.24%

5.40%

 

 

Chicago Straddle

Jan-24

71.31%

64.04%

11.35%

7.27%

68.24%

4.50%

62.23%

14.59%

 

 

PJM West Straddle

Jan-24

76.11%

76.89%

-1.01%

-0.78%

76.83%

-0.94%

65.08%

16.95%

 

 

SP – 15 Straddle

Jan-24

124.68%

157.43%

-20.80%

-32.75%

147.33%

-15.37%

58.01%

114.93%

 

 

Mid. C Straddle

Jan-24

359.73%

348.18%

3.32%

11.55%

228.18%

57.65%

90.96%

295.48%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/16/23

11/15/23

% Change

Change

10/19/23

% Change

11/17/22

% Change

 

 

Dutch TTF

Jan-24

EUR 47.20

EUR 48.03

-1.72%

-EUR 0.83

EUR 57.30

-17.63%

EUR 118.00

-60.00%

 

 

NBP

Jan-24

GBP 122.91

GBP 125.03

-1.70%

-GBP 2.12

GBP 151.50

-18.87%

GBP 332.92

-63.08%

 

 

German Base

Jan-24

EUR 108.94

EUR 117.72

-7.46%

-EUR 8.79

EUR 138.76

-21.49%

EUR 369.09

-70.49%

 

 

UK Base

Jan-24

GBP 110.96

GBP 113.37

-2.13%

-GBP 2.41

GBP 138.72

-20.01%

GBP 259.90

-57.31%

 

 

French Base

Jan-24

EUR 118.06

EUR 125.83

-6.17%

-EUR 7.77

EUR 155.10

-23.88%

EUR 534.44

-77.91%

 

 

Italian Base

Jan-24

EUR 136.35

EUR 140.56

-3.00%

-EUR 4.21

EUR 159.07

-14.29%

EUR 350.93

-61.15%

 

 

JKM LNG

Jan-24

$17.15

$16.93

1.31%

$0.22

$18.23

-5.90%

$27.93

-38.59%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/16/23

11/15/23

% Change

Change

10/19/23

% Change

11/17/22

% Change

 

 

TD3C FFA Middle East to China (WET)

Jan-24

$47.20

$48.03

-1.72%

-$0.83

$57.30

-17.63%

$118.00

-60.00%

 

 

USGC-UK Continent Dirty (WET)

Jan-24

$122.91

$125.03

-1.70%

-$2.12

$151.50

-18.87%

$332.92

-63.08%

 

 

TD20 West Africa to UK Continent (WET)

Jan-24

$108.94

$117.72

-7.46%

-$8.79

$138.76

-21.49%

$369.09

-70.49%

 

 

LPG FFA Middle East Gulf to East (WET)

Jan-24

$110.96

$113.37

-2.13%

-$2.41

$138.72

-20.01%

$259.90

-57.31%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jan-24

$118.06

$125.83

-6.17%

-$7.77

$155.10

-23.88%

$534.44

-77.91%

 

 

Supramax Timecharter (DRY)

Jan-24

$136.35

$140.56

-3.00%

-$4.21

$159.07

-14.29%

$350.93

-61.15%

 

 

Capesize Timecharter (DRY)

Jan-24

$17.15

$16.93

1.31%

$0.22

$18.23

-5.90%

$27.93

-38.59%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

11/11/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

-1

551

134

-102

32.00%

-15.00%

 

 

Middle Atlantic

0

0

-1

698

42

-158

6.00%

-18.00%

 

 

E N Central

0

0

0

664

-45

-162

-6.00%

-20.00%

 

 

W N Central

0

0

0

1,057

130

-34

14.00%

-3.00%

 

 

South Atlantic

13

-2

-16

2,002

102

-108

5.00%

-5.00%

 

 

E S Central

2

0

-7

1,632

90

-90

6.00%

-5.00%

 

 

W S Central

24

14

-4

2,925

500

38

21.00%

1.00%

 

 

Mountain

4

2

4

1,249

7

-134

1.00%

-10.00%

 

 

Pacific

0

-1

0

695

-6

-280

-1.00%

-29.00%

 

 

United States

6

1

-4

1,294

92

-129

8.00%

-9.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/11/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

155

3

77

695

-195

41

-22.00%

6.00%

 

 

Middle Atlantic

126

-13

56

596

-141

31

-19.00%

6.00%

 

 

E N Central

127

-29

38

714

-102

26

-12.00%

4.00%

 

 

W N Central

132

-38

-13

737

-126

8

-15.00%

1.00%

 

 

South Atlantic

47

-20

23

248

-42

-7

-14.00%

-3.00%

 

 

E S Central

47

-43

20

299

-82

-30

-22.00%

-9.00%

 

 

W S Central

28

-26

7

172

2

41

1.00%

31.00%

 

 

Mountain

119

-20

-42

598

-155

-34

-21.00%

-6.00%

 

 

Pacific

68

-12

-54

305

-108

-35

-26.00%

-10.00%

 

 

United States

88

-21

12

454

-94

5

-17.00%

1.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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