Prices as of 7:41 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$1.839

#N/A

NA

NA

18,033

 

 

WTI

$85.22

#N/A

NA

NA

65,087

 

 

Brent

$89.20

$78.29

13.94%

$10.91

6,848

 

 

ULSD

$2.725

$2.661

2.41%

$0.064

3,571

 

 

RBOB

$2.754

$2.122

29.78%

$0.632

4,757

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.71

NA

NA

NA

Jun-24

 

 

3:2:1 Crack

$29.86

NA

NA

NA

May-24

 

 

PJM West Spark

$32.03

NA

NA

NA

May-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 3/26/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

96,286

95,839

95,931

-92

 

 

PJM West Off Peak

85,289

84,944

85,033

-89

 

 

Natural Gas Henry Hub

384,249

361,990

371,429

-9,439

 

 

WTI – Light Sweet Crude Futures

164,232

141,340

127,354

13,986

 

 

Brent Crude Last Day

123,664

114,461

115,377

-916

 

 

NYM Ethanol

47,616

46,897

47,247

-350

 

 

Mt Belvieu LDH Propane Swap

163,239

161,973

162,771

-798

 

 

RBOB

386,461

358,565

370,978

-12,413

 

 

HSC Basis

818,793

809,629

810,799

-1,170

 

 

 

 

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

4/3/24

4/2/24

% Change

Change

3/5/24

% Change

4/4/23

% Change

 

 

PJM West On Peak

May-24

$35.97

$36.60

-1.73%

-$0.63

$38.77

-7.24%

$44.92

-19.93%

 

 

ERCOT North On Peak

May-24

$37.43

$38.57

-2.96%

-$1.14

$40.46

-7.49%

$36.70

1.97%

 

 

CAISO SP 15 On Peak

May-24

$13.75

$15.33

-10.29%

-$1.58

$19.25

-28.57%

$33.18

-58.55%

 

 

MISO Indiana On Peak

May-24

$36.51

$37.40

-2.39%

-$0.90

$40.67

-10.23%

$49.35

-26.03%

 

 

NEISO Mass On Peak

May-24

$30.09

$29.74

1.19%

$0.35

$30.60

-1.67%

$37.24

-19.21%

 

 

WECC Mid C On Peak

May-24

$24.55

$24.30

1.05%

$0.25

$28.38

-13.48%

$50.02

-50.92%

 

 

NYISO Zone G On Peak

May-24

$29.00

$29.14

-0.46%

-$0.14

$29.80

-2.68%

$41.02

-29.30%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/3/24

4/2/24

% Change

Change

3/5/24

% Change

4/4/23

% Change

 

 

NYMEX Henry Hub

May-24

$1.841

$1.862

-1.13%

-$0.02

$2.10

-12.12%

$3.14

-41.41%

 

 

Houston Ship Channel

May-24

-$0.259

-$0.250

3.61%

-$0.01

-$0.20

31.60%

-$0.35

-25.11%

 

 

Chicago

May-24

-$0.174

-$0.175

0.52%

$0.00

-$0.14

26.22%

-$0.13

39.04%

 

 

Waha

May-24

-$1.521

-$1.498

-1.60%

-$0.02

-$1.14

33.59%

-$1.43

6.51%

 

 

Algonquin

May-24

-$0.150

-$0.156

3.41%

$0.01

-$0.28

-47.02%

-$0.36

-58.24%

 

 

Aeco

May-24

-$0.644

-$0.630

2.14%

-$0.01

-$0.69

-6.94%

-$0.96

-32.77%

 

 

Socal

May-24

-$0.246

-$0.236

4.45%

-$0.01

-$0.16

54.68%

-$0.03

732.43%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/3/24

4/2/24

% Change

Change

3/5/24

% Change

4/4/23

% Change

 

 

Mt. Belvieu Propane LST

May-24

$0.841

$0.828

1.66%

$0.01

$0.79

6.16%

$0.79

6.17%

 

 

Mt. Belvieu Propane non LST

May-24

$0.840

$0.832

0.96%

$0.01

$0.79

6.38%

$0.80

5.58%

 

 

Mt. Belview Ethane

May-24

$0.197

$0.196

0.63%

$0.00

$0.19

1.93%

$0.22

-9.70%

 

 

Mt. Belview Nat. Gasoline

May-24

$1.629

$1.613

1.01%

$0.02

$1.53

6.11%

$1.56

4.43%

 

 

Mt. Belvieu Butane LST

May-24

$0.963

$0.945

1.94%

$0.02

$0.90

7.53%

$0.90

6.59%

 

 

Far East Propane

May-24

$6.127

$6.160

-0.54%

-$0.03

$5.83

5.09%

$5.37

14.02%

 

 

Saudi Propane

May-24

$5.919

$5.940

-0.35%

-$0.02

$5.70

3.84%

$5.23

13.24%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/3/24

4/2/24

% Change

Change

3/5/24

% Change

4/4/23

% Change

 

 

WTI

May-24

$85.43

$85.15

0.33%

$0.28

$77.41

10.36%

$74.16

15.20%

 

 

Brent

May-24

$89.84

$89.46

0.43%

$0.38

$82.04

9.51%

$78.83

13.97%

 

 

WCS

May-24

-$12.45

-$12.45

0.00%

$0.00

-$13.34

-6.68%

-$15.25

-18.36%

 

 

LLS

May-24

$85.81

$85.81

0.00%

$0.00

$79.31

8.20%

$75.41

13.80%

 

 

Mars

May-24

$83.36

$83.36

0.00%

$0.00

$76.44

9.06%

$70.87

17.63%

 

 

Sour

May-24

$84.99

$84.99

0.00%

$0.00

$77.85

9.17%

$71.82

18.35%

 

 

ESPO

May-24

$87.84

$87.46

0.44%

$0.38

$80.04

9.75%

$76.07

15.48%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/3/24

4/2/24

% Change

Change

3/5/24

% Change

4/4/23

% Change

 

 

NY Heating Oil

May-24

$2.73

$2.72

0.37%

$0.01

$2.56

6.57%

$2.49

9.30%

 

 

NY Gasoline

May-24

$2.76

$2.71

2.03%

$0.06

$2.52

9.60%

$2.43

13.66%

 

 

GC Gasoline

May-24

$2.66

$2.61

2.11%

$0.05

$2.42

10.00%

$2.33

14.25%

 

 

GC Jet

May-24

$2.70

$2.58

4.49%

$0.12

$2.45

9.98%

$2.33

15.88%

 

 

Chicago Ethanol

May-24

$1.67

$1.67

0.00%

$0.00

$1.58

6.03%

$1.74

-4.24%

 

 

Rotterdam Gasoil

May-24

$803.04

$787.47

1.98%

$15.57

$741.21

8.34%

$675.67

18.85%

 

 

Singapore Jet Kero

May-24

$106.50

$103.66

2.74%

$2.84

$99.85

6.65%

$94.78

12.36%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/3/24

4/2/24

% Change

Change

3/5/24

% Change

4/4/23

% Change

 

 

Henry Hub Straddle

May-24

55.93%

53.25%

5.03%

2.68%

55.66%

0.49%

51.11%

9.43%

 

 

Algonquin Straddle

May-24

71.31%

67.12%

6.24%

4.19%

64.00%

11.42%

53.97%

32.13%

 

 

Waha Straddle

May-24

248.88%

217.29%

14.54%

31.59%

105.12%

136.76%

71.50%

248.08%

 

 

Chicago Straddle

May-24

59.28%

57.07%

3.87%

2.21%

56.38%

5.14%

53.31%

11.20%

 

 

PJM West Straddle

May-24

48.03%

48.37%

-0.70%

-0.34%

52.16%

-7.92%

47.08%

2.02%

 

 

SP – 15 Straddle

May-24

126.02%

125.12%

0.72%

0.90%

82.93%

51.96%

27.11%

364.85%

 

 

Mid. C Straddle

May-24

39.19%

77.55%

-49.46%

-38.36%

55.13%

-28.91%

64.59%

-39.32%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/3/24

4/2/24

% Change

Change

3/5/24

% Change

4/4/23

% Change

 

 

Dutch TTF

May-24

EUR 25.79

EUR 26.30

-1.94%

-EUR 0.51

EUR 27.30

-5.51%

EUR 56.94

-54.71%

 

 

NBP

May-24

GBP 63.88

GBP 64.81

-1.44%

-GBP 0.93

GBP 67.85

-5.85%

GBP 143.20

-55.39%

 

 

German Base

May-24

EUR 49.62

EUR 49.64

-0.05%

-EUR 0.02

EUR 58.55

-15.25%

EUR 126.74

-60.85%

 

 

UK Base

May-24

GBP 54.77

GBP 57.78

-5.22%

-GBP 3.01

GBP 63.48

-13.73%

GBP 127.85

-57.16%

 

 

French Base

May-24

EUR 21.80

EUR 26.99

-19.24%

-EUR 5.19

EUR 49.43

-55.91%

EUR 125.10

-82.58%

 

 

Italian Base

May-24

EUR 74.77

EUR 74.72

0.06%

EUR 0.05

EUR 81.20

-7.92%

EUR 139.64

-46.46%

 

 

JKM LNG

May-24

$9.47

$9.41

0.65%

$0.06

$9.20

2.97%

$17.13

-44.70%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/3/24

4/2/24

% Change

Change

3/5/24

% Change

4/4/23

% Change

 

 

TD3C FFA Middle East to China (WET)

May-24

$25.79

$26.30

-1.94%

-$0.51

$27.30

-5.51%

$56.94

-54.71%

 

 

USGC-UK Continent Dirty (WET)

May-24

$63.88

$64.81

-1.44%

-$0.93

$67.85

-5.85%

$143.20

-55.39%

 

 

TD20 West Africa to UK Continent (WET)

May-24

$49.62

$49.64

-0.05%

-$0.02

$58.55

-15.25%

$126.74

-60.85%

 

 

LPG FFA Middle East Gulf to East (WET)

May-24

$54.77

$57.78

-5.22%

-$3.01

$63.48

-13.73%

$127.85

-57.16%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

May-24

$21.80

$26.99

-19.24%

-$5.19

$49.43

-55.91%

$125.10

-82.58%

 

 

Supramax Timecharter (DRY)

May-24

$74.77

$74.72

0.06%

$0.05

$81.20

-7.92%

$139.64

-46.46%

 

 

Capesize Timecharter (DRY)

May-24

$9.47

$9.41

0.65%

$0.06

$9.20

2.97%

$17.13

-44.70%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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