Prices as of 8:40 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$1.824

$1.763

3.46%

$0.061

69,945

 

 

WTI

$83.37

$83.17

0.24%

$0.20

87,549

 

 

Brent

$87.07

$87.48

-0.47%

-$0.41

8,664

 

 

ULSD

$2.606

$2.616

-0.36%

-$0.010

8,220

 

 

RBOB

$2.696

$2.761

-2.35%

-$0.065

10,692

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.56

$4.58

-0.44%

-$0.02

Jun-24

 

 

3:2:1 Crack

$28.59

$29.53

-3.18%

-$0.94

May-24

 

 

PJM West Spark

NA

NA

NA

NA

Apr-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

03/28/24

621

-3

-134

04/01/23

 

 

Canada

03/28/24

151

-18

12

04/01/23

 

 

International

Feb

958

-7

43

Feb

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 3/19/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

92,107

91,666

91,671

-5

 

 

PJM West Off Peak

81,575

81,237

81,314

-77

 

 

Natural Gas Henry Hub

381,800

359,418

368,623

-9,205

 

 

WTI – Light Sweet Crude Futures

160,575

137,562

123,804

13,758

 

 

Brent Crude Last Day

114,850

106,004

105,096

908

 

 

NYM Ethanol

47,057

46,270

46,676

-406

 

 

Mt Belvieu LDH Propane Swap

154,886

153,769

154,472

-703

 

 

RBOB

384,040

357,198

369,107

-11,909

 

 

HSC Basis

802,580

792,240

792,733

-493

 

 

 

 

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

 

 

 

 

03/22/19

 

 

 

3/22/24

3/15/24

Net Change

% Change

3/24/23

% Change

5 Year Avg.

% Change

 

 

East

387

406

-19

-4.68%

343

12.83%

305

26.89%

 

 

Midwest

528

551

-23

-4.17%

437

20.82%

376

40.50%

 

 

Mountain

166

166

0

0.00%

82

102.44%

87

89.93%

 

 

Pacific

223

216

7

3.24%

73

205.48%

146

52.95%

 

 

South

991

993

-2

-0.20%

917

8.07%

711

39.42%

 

 

    Salt

294

300

-6

-2.00%

262

12.21%

210

40.00%

 

 

    Non_Salt

698

694

4

0.58%

655

6.56%

501

39.38%

 

 

Total

2,296

2,332

-36

-1.54%

1,853

23.91%

1,625

41.29%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/28/24

3/27/24

% Change

Change

2/29/24

% Change

3/30/23

% Change

 

 

PJM West On Peak

Apr-24

$32.20

$33.65

-4.30%

-$1.45

$31.48

2.28%

$41.67

-22.73%

 

 

ERCOT North On Peak

Apr-24

$30.50

$32.55

-6.29%

-$2.05

$31.78

-4.03%

$34.36

-11.23%

 

 

CAISO SP 15 On Peak

Apr-24

$17.50

$17.00

2.94%

$0.50

$21.71

-19.40%

$41.54

-57.87%

 

 

MISO Indiana On Peak

Apr-24

$30.60

$31.95

-4.23%

-$1.35

$32.93

-7.07%

$45.33

-32.50%

 

 

NEISO Mass On Peak

Apr-24

$27.54

$28.97

-4.92%

-$1.43

$29.35

-6.16%

$51.60

-46.63%

 

 

WECC Mid C On Peak

Apr-24

$37.98

$38.85

-2.24%

-$0.87

$41.21

-7.85%

$57.57

-34.02%

 

 

NYISO Zone G On Peak

Apr-24

$27.50

$28.60

-3.85%

-$1.10

$27.42

0.30%

$43.47

-36.74%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/28/24

3/27/24

% Change

Change

2/29/24

% Change

3/30/23

% Change

 

 

NYMEX Henry Hub

May-24

$1.763

$1.718

2.62%

$0.04

$2.01

-12.20%

$3.13

-43.76%

 

 

Houston Ship Channel

May-24

-$0.178

-$0.170

4.16%

-$0.01

-$0.25

-30.00%

-$0.36

-50.29%

 

 

Chicago

May-24

-$0.159

-$0.148

-7.29%

-$0.01

-$0.17

-6.08%

-$0.14

17.66%

 

 

Waha

May-24

-$1.500

-$1.495

-0.37%

-$0.01

-$1.09

37.28%

-$1.30

15.16%

 

 

Algonquin

May-24

-$0.188

-$0.213

11.87%

$0.03

-$0.31

-39.35%

-$0.36

-47.50%

 

 

Aeco

May-24

-$0.513

-$0.525

-2.25%

$0.01

-$0.72

-29.19%

-$0.91

-43.67%

 

 

Socal

May-24

-$0.199

-$0.217

-8.57%

$0.02

-$0.08

147.51%

$0.04

-542.09%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/28/24

3/27/24

% Change

Change

2/29/24

% Change

3/30/23

% Change

 

 

Mt. Belvieu Propane LST

Apr-24

$0.835

$0.834

0.15%

$0.00

$0.83

0.62%

$0.77

7.91%

 

 

Mt. Belvieu Propane non LST

Apr-24

$0.828

$0.830

-0.30%

$0.00

$0.83

0.00%

$0.77

7.05%

 

 

Mt. Belview Ethane

Apr-24

$0.180

$0.181

-0.67%

$0.00

$0.20

-8.87%

$0.24

-23.79%

 

 

Mt. Belview Nat. Gasoline

Apr-24

$1.602

$1.598

0.30%

$0.00

$1.58

1.74%

$1.43

12.23%

 

 

Mt. Belvieu Butane LST

Apr-24

$0.943

$0.954

-1.17%

-$0.01

$0.95

-0.67%

$0.85

10.41%

 

 

Far East Propane

Apr-24

$6.081

$6.026

0.91%

$0.05

$5.91

2.90%

$5.29

15.04%

 

 

Saudi Propane

Apr-24

$6.278

$6.233

0.72%

$0.04

$5.94

5.62%

$5.02

25.08%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/28/24

3/27/24

% Change

Change

2/29/24

% Change

3/30/23

% Change

 

 

WTI

May-24

$83.17

$81.35

2.19%

$1.82

$77.45

7.39%

$70.62

17.77%

 

 

Brent

May-24

$87.45

$86.09

1.55%

$1.36

$81.91

6.76%

$75.21

16.27%

 

 

WCS

May-24

-$13.28

-$12.29

7.48%

-$0.99

-$15.55

-14.56%

-$15.45

-14.03%

 

 

LLS

May-24

$84.39

$83.25

1.34%

$1.13

$79.03

6.78%

$72.43

16.51%

 

 

Mars

May-24

$82.26

$80.86

1.70%

$1.40

$76.38

7.70%

$67.76

21.40%

 

 

Sour

May-24

$82.88

$81.70

1.42%

$1.18

$77.38

7.11%

$68.45

21.09%

 

 

ESPO

May-24

$85.45

$84.09

1.59%

$1.36

$79.91

6.93%

$72.99

17.06%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/28/24

3/27/24

% Change

Change

2/29/24

% Change

3/30/23

% Change

 

 

NY Heating Oil

Apr-24

$2.61

$2.60

0.38%

$0.01

$2.65

-1.28%

$2.44

7.14%

 

 

NY Gasoline

Apr-24

$2.73

$2.68

2.17%

$0.06

$2.58

6.17%

$2.32

17.79%

 

 

GC Gasoline

Apr-24

$2.63

$2.58

2.25%

$0.06

$2.47

6.42%

$2.22

18.60%

 

 

GC Jet

Apr-24

$2.58

$2.51

2.71%

$0.07

$2.51

2.95%

$2.30

12.08%

 

 

Chicago Ethanol

Apr-24

$1.65

$1.59

3.84%

$0.06

$1.49

10.81%

$1.69

-2.25%

 

 

Rotterdam Gasoil

Apr-24

$769.18

$762.80

0.84%

$6.38

$753.89

2.03%

$663.76

15.88%

 

 

Singapore Jet Kero

Apr-24

$101.30

$101.83

-0.52%

-$0.53

$100.00

1.30%

$91.03

11.28%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/28/24

3/27/24

% Change

Change

2/29/24

% Change

3/30/23

% Change

 

 

Henry Hub Straddle

May-24

56.38%

56.67%

-0.51%

-0.29%

62.37%

-9.60%

53.85%

4.70%

 

 

Algonquin Straddle

May-24

69.43%

67.28%

3.20%

2.15%

74.44%

-6.73%

57.00%

21.81%

 

 

Waha Straddle

May-24

212.45%

196.75%

7.98%

15.70%

113.59%

87.03%

76.62%

177.28%

 

 

Chicago Straddle

May-24

60.30%

58.70%

2.73%

1.60%

62.02%

-2.77%

55.68%

8.30%

 

 

PJM West Straddle

May-24

48.97%

47.81%

2.43%

1.16%

49.32%

-0.71%

45.88%

6.73%

 

 

SP – 15 Straddle

May-24

139.49%

141.65%

-1.52%

-2.16%

84.40%

65.27%

25.57%

445.52%

 

 

Mid. C Straddle

May-24

12.28%

158.58%

-92.26%

-146.30%

100.62%

-87.80%

71.41%

-82.80%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/28/24

3/27/24

% Change

Change

2/29/24

% Change

3/30/23

% Change

 

 

Dutch TTF

May-24

EUR 27.48

EUR 27.74

-0.94%

-EUR 0.26

EUR 25.48

7.85%

EUR 51.25

-46.39%

 

 

NBP

May-24

GBP 68.17

GBP 69.65

-2.13%

-GBP 1.48

GBP 62.24

9.52%

GBP 130.62

-47.81%

 

 

German Base

May-24

EUR 51.95

EUR 51.63

0.60%

EUR 0.31

EUR 52.23

-0.54%

EUR 118.27

-56.08%

 

 

UK Base

May-24

GBP 57.88

GBP 60.93

-5.01%

-GBP 3.05

GBP 56.29

2.82%

GBP 124.94

-53.68%

 

 

French Base

May-24

EUR 28.61

EUR 30.58

-6.44%

-EUR 1.97

EUR 45.99

-37.78%

EUR 117.92

-75.74%

 

 

Italian Base

May-24

EUR 78.38

EUR 76.12

2.97%

EUR 2.26

EUR 74.59

5.09%

EUR 124.90

-37.25%

 

 

JKM LNG

May-24

$9.01

$9.25

-2.62%

-$0.24

$8.37

7.66%

$14.94

-39.69%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/28/24

3/27/24

% Change

Change

2/29/24

% Change

3/30/23

% Change

 

 

TD3C FFA Middle East to China (WET)

May-24

$27.48

$27.74

-0.94%

-$0.26

$25.48

7.85%

$51.25

-46.39%

 

 

USGC-UK Continent Dirty (WET)

May-24

$68.17

$69.65

-2.13%

-$1.48

$62.24

9.52%

$130.62

-47.81%

 

 

TD20 West Africa to UK Continent (WET)

May-24

$51.95

$51.63

0.60%

$0.31

$52.23

-0.54%

$118.27

-56.08%

 

 

LPG FFA Middle East Gulf to East (WET)

May-24

$57.88

$60.93

-5.01%

-$3.05

$56.29

2.82%

$124.94

-53.68%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

May-24

$28.61

$30.58

-6.44%

-$1.97

$45.99

-37.78%

$117.92

-75.74%

 

 

Supramax Timecharter (DRY)

May-24

$78.38

$76.12

2.97%

$2.26

$74.59

5.09%

$124.90

-37.25%

 

 

Capesize Timecharter (DRY)

May-24

$9.01

$9.25

-2.62%

-$0.24

$8.37

7.66%

$14.94

-39.69%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

03/30/2024

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

-1

0

NA

NA

 

 

W N Central

0

-1

0

0

-3

0

NA

NA

 

 

South Atlantic

11

-1

-11

78

-34

-66

-30.00%

-46.00%

 

 

E S Central

0

-5

-9

2

-28

-25

NA

NA

 

 

W S Central

8

-6

-10

67

-12

-50

NA

NA

 

 

Mountain

0

-4

0

0

-14

0

NA

NA

 

 

Pacific

0

-1

0

0

-7

0

NA

NA

 

 

United States

3

-2

-4

22

-13

-19

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

03/30/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

177

-4

1

4,955

-736

32

-13.00%

1.00%

 

 

Middle Atlantic

160

-1

6

4,575

-594

52

-11.00%

1.00%

 

 

E N Central

161

-6

-14

4,808

-902

-329

-16.00%

-6.00%

 

 

W N Central

190

26

-17

5,056

-977

-819

-16.00%

-14.00%

 

 

South Atlantic

74

7

30

2,279

-334

33

-13.00%

1.00%

 

 

E S Central

78

-4

26

2,883

-430

57

-13.00%

2.00%

 

 

W S Central

51

7

15

1,978

-203

10

-9.00%

1.00%

 

 

Mountain

157

29

-34

4,200

-274

-608

-6.00%

-13.00%

 

 

Pacific

117

30

-23

2,545

-130

-486

-5.00%

-16.00%

 

 

United States

123

9

0

3,507

-482

-204

-12.00%

-5.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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