Prices as of 8:09 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$1.897

$1.844

2.87%

$0.053

29,875

 

 

WTI

$86.24

$86.43

-0.22%

-$0.19

89,361

 

 

Brent

$90.35

$90.38

-0.03%

-$0.03

10,667

 

 

ULSD

$2.725

$2.729

-0.13%

-$0.003

6,975

 

 

RBOB

$2.761

$2.749

0.45%

$0.012

8,305

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.95

$4.85

2.06%

$0.10

Jun-24

 

 

3:2:1 Crack

$29.32

$29.00

1.10%

$0.32

May-24

 

 

PJM West Spark

$33.03

$31.94

3.40%

$1.09

May-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

04/05/24

620

-1

-131

04/01/23

 

 

Canada

04/05/24

136

-15

9

04/01/23

 

 

International

Mar

971

13

41

Mar

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 4/2/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

99,399

97,859

98,267

-408

 

 

PJM West Off Peak

87,614

86,099

86,530

-431

 

 

Natural Gas Henry Hub

365,667

345,076

353,614

-8,538

 

 

WTI – Light Sweet Crude Futures

145,033

122,260

110,588

11,672

 

 

Brent Crude Last Day

117,819

108,960

108,802

158

 

 

NYM Ethanol

39,560

38,872

39,219

-347

 

 

Mt Belvieu LDH Propane Swap

164,511

162,977

163,568

-591

 

 

RBOB

407,032

378,230

390,988

-12,758

 

 

HSC Basis

851,395

832,973

844,994

-12,021

 

 

 

 

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

 

 

 

 

03/29/19

 

 

 

3/29/24

3/22/24

Net Change

% Change

3/31/23

% Change

5 Year Avg.

% Change

 

 

East

363

387

-24

-6.20%

335

8.36%

295

23.22%

 

 

Midwest

510

528

-18

-3.41%

421

21.14%

366

39.27%

 

 

Mountain

162

166

-4

-2.41%

80

102.50%

88

83.26%

 

 

Pacific

227

223

4

1.79%

73

210.96%

150

50.93%

 

 

South

996

991

5

0.50%

921

8.14%

730

36.36%

 

 

    Salt

294

294

0

0.00%

263

11.79%

218

34.62%

 

 

    Non_Salt

701

698

3

0.43%

658

6.53%

512

36.86%

 

 

Total

2,259

2,296

-37

-1.61%

1,830

23.44%

1,630

38.59%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/8/24

4/5/24

% Change

Change

3/8/24

% Change

4/7/23

% Change

 

 

PJM West On Peak

May-24

$37.09

$35.89

3.33%

$1.20

$36.58

1.39%

$0.00

#DIV/0!

 

 

ERCOT North On Peak

May-24

$34.52

$32.96

4.74%

$1.56

$39.93

-13.56%

$0.00

#DIV/0!

 

 

CAISO SP 15 On Peak

May-24

$15.11

$13.73

10.08%

$1.38

$18.99

-20.42%

$0.00

#DIV/0!

 

 

MISO Indiana On Peak

May-24

$38.21

$36.89

3.58%

$1.32

$38.08

0.36%

$0.00

#DIV/0!

 

 

NEISO Mass On Peak

May-24

$30.06

$29.57

1.64%

$0.48

$30.20

-0.49%

$0.00

#DIV/0!

 

 

WECC Mid C On Peak

May-24

$27.09

$24.73

9.52%

$2.36

$28.68

-5.55%

$0.00

#DIV/0!

 

 

NYISO Zone G On Peak

May-24

$29.91

$29.08

2.86%

$0.83

$29.44

1.58%

$0.00

#DIV/0!

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/8/24

4/5/24

% Change

Change

3/8/24

% Change

4/7/23

% Change

 

 

NYMEX Henry Hub

May-24

$1.844

$1.785

3.31%

$0.06

$1.92

-4.11%

$0.00

#DIV/0!

 

 

Houston Ship Channel

May-24

-$0.313

-$0.287

8.89%

-$0.03

-$0.21

47.06%

$0.00

#DIV/0!

 

 

Chicago

May-24

-$0.185

-$0.169

-8.49%

-$0.02

-$0.14

32.14%

$0.00

#DIV/0!

 

 

Waha

May-24

-$1.885

-$1.785

-5.58%

-$0.10

-$1.14

65.34%

$0.00

#DIV/0!

 

 

Algonquin

May-24

-$0.142

-$0.144

0.84%

$0.00

-$0.26

-44.66%

$0.00

#DIV/0!

 

 

Aeco

May-24

-$0.655

-$0.566

15.72%

-$0.09

-$0.64

1.71%

$0.00

#DIV/0!

 

 

Socal

May-24

-$0.265

-$0.254

4.49%

-$0.01

-$0.20

34.16%

$0.00

#DIV/0!

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/8/24

4/5/24

% Change

Change

3/8/24

% Change

4/7/23

% Change

 

 

Mt. Belvieu Propane LST

May-24

$0.828

$0.849

-2.50%

-$0.02

$0.77

7.13%

$0.00

#DIV/0!

 

 

Mt. Belvieu Propane non LST

May-24

$0.840

$0.849

-1.03%

-$0.01

$0.76

10.00%

$0.00

#DIV/0!

 

 

Mt. Belview Ethane

May-24

$0.195

$0.193

1.30%

$0.00

$0.19

4.00%

$0.00

#DIV/0!

 

 

Mt. Belview Nat. Gasoline

May-24

$1.620

$1.650

-1.82%

-$0.03

$1.54

4.94%

$0.00

#DIV/0!

 

 

Mt. Belvieu Butane LST

May-24

$0.953

$0.975

-2.26%

-$0.02

$0.90

6.17%

$0.00

#DIV/0!

 

 

Far East Propane

May-24

$6.120

$6.200

-1.29%

-$0.08

$5.82

5.16%

$0.00

#DIV/0!

 

 

Saudi Propane

May-24

$5.940

$6.000

-1.00%

-$0.06

$5.74

3.39%

$0.00

#DIV/0!

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/8/24

4/5/24

% Change

Change

3/8/24

% Change

4/7/23

% Change

 

 

WTI

May-24

$86.43

$86.91

-0.56%

-$0.48

$77.50

11.52%

$0.00

#DIV/0!

 

 

Brent

May-24

$90.91

$91.72

-0.90%

-$0.81

$82.08

10.75%

$0.00

#DIV/0!

 

 

WCS

May-24

-$12.45

-$12.45

0.00%

$0.00

-$14.23

-12.49%

$0.00

#DIV/0!

 

 

LLS

May-24

$85.81

$85.81

0.00%

$0.00

$79.32

8.18%

$0.00

#DIV/0!

 

 

Mars

May-24

$83.36

$83.36

0.00%

$0.00

$76.62

8.80%

$0.00

#DIV/0!

 

 

Sour

May-24

$84.99

$84.99

0.00%

$0.00

$77.96

9.02%

$0.00

#DIV/0!

 

 

ESPO

May-24

$88.91

$89.72

-0.92%

-$0.81

$80.08

11.02%

$0.00

#DIV/0!

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/8/24

4/5/24

% Change

Change

3/8/24

% Change

4/7/23

% Change

 

 

NY Heating Oil

May-24

$2.73

$2.76

-0.87%

-$0.02

$2.59

5.69%

$0.00

#DIV/0!

 

 

NY Gasoline

May-24

$2.75

$2.78

-1.04%

-$0.03

$2.52

9.20%

$0.00

#DIV/0!

 

 

GC Gasoline

May-24

$2.65

$2.68

-1.08%

-$0.03

$2.42

9.58%

$0.00

#DIV/0!

 

 

GC Jet

May-24

$2.65

$2.70

-2.18%

-$0.06

$2.45

8.09%

$0.00

#DIV/0!

 

 

Chicago Ethanol

May-24

$1.73

$1.71

1.58%

$0.03

$1.63

6.06%

$0.00

#DIV/0!

 

 

Rotterdam Gasoil

May-24

$791.50

$809.36

-2.21%

-$17.86

$741.98

6.67%

$0.00

#DIV/0!

 

 

Singapore Jet Kero

May-24

$107.24

$107.43

-0.17%

-$0.18

$100.39

6.83%

$0.00

#DIV/0!

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/8/24

4/5/24

% Change

Change

3/8/24

% Change

4/7/23

% Change

 

 

Henry Hub Straddle

May-24

56.52%

58.06%

-2.65%

-1.54%

56.96%

-0.77%

61.34%

-7.86%

 

 

Algonquin Straddle

May-24

71.91%

72.63%

-0.99%

-0.72%

67.39%

6.71%

97.73%

-26.42%

 

 

Waha Straddle

May-24

2918.48%

2366.88%

23.30%

551.60%

126.05%

2215.34%

66.81%

4268.33%

 

 

Chicago Straddle

May-24

57.50%

60.76%

-5.37%

-3.26%

60.04%

-4.23%

58.62%

-1.91%

 

 

PJM West Straddle

May-24

54.26%

50.76%

6.90%

3.50%

47.18%

15.01%

60.91%

-10.92%

 

 

SP – 15 Straddle

May-24

189.20%

141.44%

33.77%

47.76%

93.77%

101.77%

65.30%

189.74%

 

 

Mid. C Straddle

May-24

55.21%

62.01%

-10.97%

-6.80%

47.50%

16.23%

90.54%

-39.02%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/8/24

4/5/24

% Change

Change

3/8/24

% Change

4/7/23

% Change

 

 

Dutch TTF

May-24

EUR 27.80

EUR 26.84

3.58%

EUR 0.96

EUR 26.73

4.01%

EUR 69.55

-60.03%

 

 

NBP

May-24

GBP 69.14

GBP 66.49

3.98%

GBP 2.65

GBP 65.95

4.84%

GBP 185.52

-62.73%

 

 

German Base

May-24

EUR 56.98

EUR 52.75

8.02%

EUR 4.23

EUR 53.93

5.66%

EUR 199.88

-71.49%

 

 

UK Base

May-24

GBP 59.56

GBP 55.15

7.99%

GBP 4.41

GBP 58.46

1.89%

GBP 184.57

-67.73%

 

 

French Base

May-24

EUR 25.40

EUR 24.82

2.33%

EUR 0.58

EUR 46.23

-45.07%

EUR 238.31

-89.34%

 

 

Italian Base

May-24

EUR 83.82

EUR 78.41

6.90%

EUR 5.41

EUR 78.61

6.63%

EUR 189.34

-55.73%

 

 

JKM LNG

May-24

$10.10

$9.52

6.12%

$0.58

$9.20

9.88%

$22.37

-54.82%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/8/24

4/5/24

% Change

Change

3/8/24

% Change

4/7/23

% Change

 

 

TD3C FFA Middle East to China (WET)

May-24

$27.80

$26.84

3.58%

$0.96

$26.73

4.01%

$69.55

-60.03%

 

 

USGC-UK Continent Dirty (WET)

May-24

$69.14

$66.49

3.98%

$2.65

$65.95

4.84%

$185.52

-62.73%

 

 

TD20 West Africa to UK Continent (WET)

May-24

$56.98

$52.75

8.02%

$4.23

$53.93

5.66%

$199.88

-71.49%

 

 

LPG FFA Middle East Gulf to East (WET)

May-24

$59.56

$55.15

7.99%

$4.41

$58.46

1.89%

$184.57

-67.73%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

May-24

$25.40

$24.82

2.33%

$0.58

$46.23

-45.07%

$238.31

-89.34%

 

 

Supramax Timecharter (DRY)

May-24

$83.82

$78.41

6.90%

$5.41

$78.61

6.63%

$189.34

-55.73%

 

 

Capesize Timecharter (DRY)

May-24

$10.10

$9.52

6.12%

$0.58

$9.20

9.88%

$22.37

-54.82%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

04/06/2024

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

-1

0

-4

-1

NA

NA

 

 

South Atlantic

16

3

-15

94

-31

-85

-25.00%

-47.00%

 

 

E S Central

8

3

-9

10

-25

-34

NA

NA

 

 

W S Central

24

9

-12

91

-3

-58

NA

NA

 

 

Mountain

0

-5

0

1

-18

0

NA

NA

 

 

Pacific

0

-2

0

0

-9

0

NA

NA

 

 

United States

6

2

-5

28

-11

-24

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

04/06/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

171

5

15

5,126

-731

58

-12.00%

1.00%

 

 

Middle Atlantic

145

-1

38

4,721

-594

96

-11.00%

2.00%

 

 

E N Central

151

1

28

4,959

-901

-303

-15.00%

-6.00%

 

 

W N Central

136

-8

-15

5,192

-985

-837

-16.00%

-14.00%

 

 

South Atlantic

55

-3

25

2,334

-337

61

-13.00%

3.00%

 

 

E S Central

66

-4

30

2,949

-434

85

-13.00%

3.00%

 

 

W S Central

25

-11

6

2,003

-214

6

-10.00%

0.00%

 

 

Mountain

131

12

-38

4,331

-262

-641

-6.00%

-13.00%

 

 

Pacific

109

27

-23

2,654

-102

-502

-4.00%

-16.00%

 

 

United States

105

3

11

3,612

-479

-192

-12.00%

-5.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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