Prices as of 8:37 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.813

#N/A

NA

NA

15,173

 

 

WTI

$76.23

#N/A

NA

NA

158,231

 

 

Brent

$81.35

$79.54

2.28%

$1.81

10,213

 

 

ULSD

$2.892

$2.749

5.19%

$0.143

2,336

 

 

RBOB

$2.218

$2.128

4.22%

$0.090

2,367

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.08

NA

NA

NA

Jan-24

 

 

3:2:1 Crack

$24.21

NA

NA

NA

Jan-24

 

 

PJM West Spark

$35.51

NA

NA

NA

Dec-23

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

11/22/23

622

4

-162

11/23/22

 

 

Canada

11/22/23

197

1

3

11/23/22

 

 

International

Oct

962

22

51

Oct

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 11/14/2023

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

90,618

90,259

90,266

-7

 

 

PJM West Off Peak

81,857

81,424

81,266

158

 

 

Natural Gas Henry Hub

405,693

382,163

393,011

-10,848

 

 

WTI – Light Sweet Crude Futures

312,109

267,975

229,366

38,609

 

 

Brent Crude Last Day

129,852

120,440

123,789

-3,349

 

 

NYM Ethanol

32,425

31,919

31,587

332

 

 

Mt Belvieu LDH Propane Swap

153,502

152,988

153,141

-153

 

 

RBOB

328,716

303,888

313,047

-9,159

 

 

HSC Basis

657,514

650,471

650,073

398

 

 

 

 

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

 

 

 

 

11/23/18

 

 

 

11/17/23

11/10/23

Net Change

% Change

11/18/22

% Change

5 Year Avg.

% Change

 

 

East

918

931

-13

-1.40%

866

6.00%

872

5.25%

 

 

Midwest

1,118

1,116

2

0.18%

1,063

5.17%

1,050

6.44%

 

 

Mountain

255

256

-1

-0.39%

203

25.62%

206

23.79%

 

 

Pacific

296

292

4

1.37%

232

27.59%

272

8.74%

 

 

South

1,240

1,238

2

0.16%

1,200

3.33%

1,158

7.10%

 

 

    Salt

331

332

-1

-0.30%

318

4.09%

315

5.15%

 

 

    Non_Salt

909

906

3

0.33%

882

3.06%

843

7.85%

 

 

Total

3,826

3,833

-7

-0.18%

3,564

7.35%

3,558

7.53%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/22/23

11/21/23

% Change

Change

10/25/23

% Change

11/23/22

% Change

 

 

PJM West On Peak

Dec-23

$41.53

$45.33

-8.37%

-$3.80

$52.43

-20.79%

$85.02

-51.15%

 

 

ERCOT North On Peak

Dec-23

$45.92

$44.70

2.72%

$1.22

$51.45

-10.76%

$50.85

-9.70%

 

 

CAISO SP 15 On Peak

Dec-23

$79.00

$79.89

-1.12%

-$0.89

$103.39

-23.59%

$93.90

-15.88%

 

 

MISO Indiana On Peak

Dec-23

$38.16

$41.86

-8.84%

-$3.70

$49.54

-22.97%

$83.64

-54.38%

 

 

NEISO Mass On Peak

Dec-23

$63.54

$62.30

1.99%

$1.24

$83.04

-23.49%

$181.26

-64.94%

 

 

WECC Mid C On Peak

Dec-23

$124.38

$128.44

-3.16%

-$4.06

$149.14

-16.60%

$127.33

-2.32%

 

 

NYISO Zone G On Peak

Dec-23

$51.00

$50.60

0.79%

$0.40

$62.93

-18.96%

$109.99

-53.63%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/22/23

11/21/23

% Change

Change

10/25/23

% Change

11/23/22

% Change

 

 

NYMEX Henry Hub

Dec-23

$2.897

$2.846

1.79%

$0.05

$3.38

-14.19%

$5.92

-51.03%

 

 

Houston Ship Channel

Dec-23

-$0.240

-$0.260

-7.87%

$0.02

-$0.26

-6.14%

-$0.33

-26.90%

 

 

Chicago

Dec-23

$0.061

$0.110

80.86%

-$0.05

$0.30

-79.98%

$0.08

-22.51%

 

 

Waha

Dec-23

-$0.568

-$0.674

-15.74%

$0.11

-$0.44

28.28%

-$1.28

-55.58%

 

 

Algonquin

Dec-23

$3.134

$3.274

-4.27%

-$0.14

$5.28

-40.67%

$13.55

-76.86%

 

 

Aeco

Dec-23

-$0.733

-$0.809

-9.43%

$0.08

-$1.09

-32.55%

-$1.69

-56.72%

 

 

Socal

Dec-23

$3.081

$3.719

-17.16%

-$0.64

$6.27

-50.84%

$1.86

65.94%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/22/23

11/21/23

% Change

Change

10/25/23

% Change

11/23/22

% Change

 

 

Mt. Belvieu Propane LST

Dec-23

$0.643

$0.648

-0.79%

-$0.01

$0.67

-3.75%

$0.85

-23.97%

 

 

Mt. Belvieu Propane non LST

Dec-23

$0.630

$0.648

-2.70%

-$0.02

$0.67

-5.25%

$0.85

-25.83%

 

 

Mt. Belview Ethane

Dec-23

$0.209

$0.206

1.40%

$0.00

$0.27

-22.01%

$0.32

-34.56%

 

 

Mt. Belview Nat. Gasoline

Dec-23

$1.438

$1.493

-3.67%

-$0.05

$1.59

-9.61%

$1.48

-2.83%

 

 

Mt. Belvieu Butane LST

Dec-23

$0.870

$0.888

-1.97%

-$0.02

$0.83

4.22%

$0.93

-6.37%

 

 

Far East Propane

Dec-23

$6.764

$6.880

-1.68%

-$0.12

$6.69

1.10%

$5.85

15.58%

 

 

Saudi Propane

Dec-23

$5.899

$6.014

-1.92%

-$0.12

$5.91

-0.19%

$5.41

8.97%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/22/23

11/21/23

% Change

Change

10/25/23

% Change

11/23/22

% Change

 

 

WTI

Jan-24

$77.10

$77.77

-0.87%

-$0.67

$84.69

-8.96%

$74.78

3.10%

 

 

Brent

Jan-24

$81.96

$82.45

-0.60%

-$0.49

$89.12

-8.03%

$80.51

1.80%

 

 

WCS

Jan-24

-$25.23

-$23.78

5.75%

-$1.45

-$24.74

2.00%

-$22.85

10.41%

 

 

LLS

Jan-24

$79.52

$80.50

-1.24%

-$0.98

$84.82

-6.25%

$75.88

4.79%

 

 

Mars

Jan-24

$76.61

$77.07

-0.61%

-$0.46

$82.41

-7.04%

$71.13

7.70%

 

 

Sour

Jan-24

$76.58

$77.66

-1.40%

-$1.07

$82.37

-7.03%

$72.12

6.20%

 

 

ESPO

Jan-24

$79.96

$80.45

-0.61%

-$0.49

$87.12

-8.22%

$75.11

6.45%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/22/23

11/21/23

% Change

Change

10/25/23

% Change

11/23/22

% Change

 

 

NY Heating Oil

Dec-23

$2.89

$2.94

-1.63%

-$0.05

$2.95

-2.17%

$2.78

3.81%

 

 

NY Gasoline

Dec-23

$2.23

$2.20

1.09%

$0.02

$2.24

-0.62%

$2.15

3.77%

 

 

GC Gasoline

Dec-23

$2.13

$2.10

1.14%

$0.02

$2.14

-0.65%

$2.05

3.96%

 

 

GC Jet

Dec-23

$2.47

$2.62

-5.64%

-$0.15

$2.72

-9.04%

$2.48

-0.44%

 

 

Chicago Ethanol

Dec-23

$1.79

$1.80

-0.28%

$0.00

$1.91

-6.22%

$2.09

-13.99%

 

 

Rotterdam Gasoil

Dec-23

$767.60

$778.08

-1.35%

-$10.47

$813.24

-5.61%

$764.35

0.43%

 

 

Singapore Jet Kero

Dec-23

$105.90

$106.85

-0.89%

-$0.95

$108.27

-2.19%

$102.13

3.69%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/22/23

11/21/23

% Change

Change

10/25/23

% Change

11/23/22

% Change

 

 

Henry Hub Straddle

Jan-24

77.98%

78.92%

-1.19%

-0.94%

60.37%

29.17%

58.18%

34.03%

 

 

Algonquin Straddle

Jan-24

91.48%

94.11%

-2.79%

-2.63%

81.55%

12.18%

78.18%

17.01%

 

 

Waha Straddle

Jan-24

80.48%

81.47%

-1.22%

-0.99%

63.27%

27.20%

75.24%

6.96%

 

 

Chicago Straddle

Jan-24

76.78%

76.88%

-0.13%

-0.10%

58.51%

31.23%

55.69%

37.87%

 

 

PJM West Straddle

Jan-24

75.93%

77.00%

-1.39%

-1.07%

76.10%

-0.22%

79.28%

-4.23%

 

 

SP – 15 Straddle

Jan-24

157.04%

152.39%

3.05%

4.65%

112.89%

39.11%

57.53%

172.97%

 

 

Mid. C Straddle

Jan-24

439.77%

395.17%

11.29%

44.60%

200.13%

119.74%

94.66%

364.58%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/22/23

11/21/23

% Change

Change

10/25/23

% Change

11/23/22

% Change

 

 

Dutch TTF

Jan-24

EUR 46.10

EUR 44.92

2.64%

EUR 1.19

EUR 55.14

-16.38%

EUR 134.00

-65.59%

 

 

NBP

Jan-24

GBP 118.85

GBP 115.96

2.49%

GBP 2.89

GBP 146.75

-19.01%

GBP 354.11

-66.44%

 

 

German Base

Jan-24

EUR 106.18

EUR 105.69

0.47%

EUR 0.50

EUR 130.76

-18.79%

EUR 393.54

-73.02%

 

 

UK Base

Jan-24

GBP 107.82

GBP 108.08

-0.24%

-GBP 0.26

GBP 132.27

-18.48%

GBP 295.79

-63.55%

 

 

French Base

Jan-24

EUR 113.02

EUR 108.90

3.78%

EUR 4.11

EUR 148.28

-23.78%

EUR 545.90

-79.30%

 

 

Italian Base

Jan-24

EUR 131.94

EUR 131.78

0.13%

EUR 0.17

EUR 160.93

-18.01%

EUR 374.54

-64.77%

 

 

JKM LNG

Jan-24

$17.35

$16.35

6.09%

$1.00

$17.68

-1.91%

$35.25

-50.79%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/22/23

11/21/23

% Change

Change

10/25/23

% Change

11/23/22

% Change

 

 

TD3C FFA Middle East to China (WET)

Jan-24

$46.10

$44.92

2.64%

$1.19

$55.14

-16.38%

$134.00

-65.59%

 

 

USGC-UK Continent Dirty (WET)

Jan-24

$118.85

$115.96

2.49%

$2.89

$146.75

-19.01%

$354.11

-66.44%

 

 

TD20 West Africa to UK Continent (WET)

Jan-24

$106.18

$105.69

0.47%

$0.50

$130.76

-18.79%

$393.54

-73.02%

 

 

LPG FFA Middle East Gulf to East (WET)

Jan-24

$107.82

$108.08

-0.24%

-$0.26

$132.27

-18.48%

$295.79

-63.55%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jan-24

$113.02

$108.90

3.78%

$4.11

$148.28

-23.78%

$545.90

-79.30%

 

 

Supramax Timecharter (DRY)

Jan-24

$131.94

$131.78

0.13%

$0.17

$160.93

-18.01%

$374.54

-64.77%

 

 

Capesize Timecharter (DRY)

Jan-24

$17.35

$16.35

6.09%

$1.00

$17.68

-1.91%

$35.25

-50.79%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

11/18/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

551

134

-102

32.00%

-15.00%

 

 

Middle Atlantic

0

0

0

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

0

1

2,016

103

-107

5.00%

-5.00%

 

 

E S Central

0

-1

0

1,632

89

-90

6.00%

-5.00%

 

 

W S Central

5

-2

5

2,931

499

43

21.00%

2.00%

 

 

Mountain

4

3

4

1,253

10

-131

1.00%

-9.00%

 

 

Pacific

0

-1

0

695

-7

-280

-1.00%

-29.00%

 

 

United States

3

0

1

1,297

92

-128

8.00%

-9.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/18/2023

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

177

10

10

872

-185

52

-18.00%

6.00%

 

 

Middle Atlantic

155

2

-13

750

-141

18

-16.00%

2.00%

 

 

E N Central

142

-33

-91

856

-135

-65

-14.00%

-7.00%

 

 

W N Central

127

-68

-146

864

-194

-138

-18.00%

-14.00%

 

 

South Atlantic

63

-15

-39

311

-57

-46

-15.00%

-13.00%

 

 

E S Central

67

-37

-112

366

-118

-142

-24.00%

-28.00%

 

 

W S Central

49

-19

-98

221

-17

-57

-7.00%

-21.00%

 

 

Mountain

114

-44

-106

712

-198

-140

-22.00%

-16.00%

 

 

Pacific

75

-17

-44

380

-125

-79

-25.00%

-17.00%

 

 

United States

103

-21

-65

557

-115

-60

-17.00%

-10.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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