Prices as of 8:14 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$1.777

$1.752

1.43%

$0.025

22,772

 

 

WTI

$82.45

$83.14

-0.83%

-$0.69

1,823

 

 

Brent

$86.32

$87.29

-1.11%

-$0.97

9,649

 

 

ULSD

$2.533

$2.541

-0.33%

-$0.008

1,827

 

 

RBOB

$2.677

$2.710

-1.21%

-$0.033

4,184

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.02

$5.07

-0.99%

-$0.05

Jun-24

 

 

3:2:1 Crack

$28.60

$28.62

-0.09%

-$0.02

May-24

 

 

PJM West Spark

$32.87

$33.49

-1.86%

-$0.62

May-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

04/19/24

619

2

-134

04/22/23

 

 

Canada

04/19/24

127

-14

22

04/22/23

 

 

International

Mar

971

13

41

Mar

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 4/16/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

94,240

93,781

93,764

17

 

 

PJM West Off Peak

83,584

83,221

83,384

-163

 

 

Natural Gas Henry Hub

369,157

348,415

355,810

-7,395

 

 

WTI – Light Sweet Crude Futures

164,559

143,655

132,970

10,685

 

 

Brent Crude Last Day

127,783

118,907

121,315

-2,408

 

 

NYM Ethanol

38,386

37,634

38,032

-398

 

 

Mt Belvieu LDH Propane Swap

152,077

150,972

151,665

-693

 

 

RBOB

417,165

388,136

401,786

-13,650

 

 

HSC Basis

809,693

800,443

800,742

-299

 

 

 

 

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

 

 

 

 

04/12/19

 

 

 

4/12/24

4/5/24

Net Change

% Change

4/14/23

% Change

5 Year Avg.

% Change

 

 

East

379

362

17

4.70%

363

4.41%

311

21.94%

 

 

Midwest

528

512

16

3.13%

450

17.33%

384

37.36%

 

 

Mountain

167

165

2

1.21%

84

98.81%

91

84.33%

 

 

Pacific

230

229

1

0.44%

83

177.11%

160

43.75%

 

 

South

1,029

1,014

15

1.48%

949

8.43%

784

31.22%

 

 

    Salt

300

299

1

0.33%

266

12.78%

242

23.86%

 

 

    Non_Salt

729

714

15

2.10%

684

6.58%

542

34.45%

 

 

Total

2,333

2,283

50

2.19%

1,930

20.88%

1,730

34.86%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/19/24

4/18/24

% Change

Change

3/21/24

% Change

4/20/23

% Change

 

 

PJM West On Peak

May-24

$36.67

$37.24

-1.54%

-$0.57

$34.34

6.77%

$45.98

-20.25%

 

 

ERCOT North On Peak

May-24

$38.36

$40.71

-5.78%

-$2.35

$37.47

2.37%

$35.54

7.95%

 

 

CAISO SP 15 On Peak

May-24

$10.40

$9.69

7.30%

$0.71

$16.22

-35.90%

$31.27

-66.74%

 

 

MISO Indiana On Peak

May-24

$35.62

$36.91

-3.49%

-$1.29

$35.17

1.29%

$50.36

-29.27%

 

 

NEISO Mass On Peak

May-24

$28.71

$29.08

-1.28%

-$0.37

$27.83

3.15%

$38.10

-24.64%

 

 

WECC Mid C On Peak

May-24

$27.99

$27.30

2.55%

$0.70

$25.20

11.06%

$52.70

-46.89%

 

 

NYISO Zone G On Peak

May-24

$28.52

$28.58

-0.22%

-$0.06

$27.31

4.43%

$42.46

-32.83%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/19/24

4/18/24

% Change

Change

3/21/24

% Change

4/20/23

% Change

 

 

NYMEX Henry Hub

May-24

$1.752

$1.757

-0.28%

$0.00

$1.83

-4.31%

$3.16

-44.56%

 

 

Houston Ship Channel

May-24

-$0.274

-$0.294

-6.64%

$0.02

-$0.20

38.73%

-$0.41

-33.86%

 

 

Chicago

May-24

-$0.220

-$0.216

-1.55%

$0.00

-$0.13

63.68%

-$0.17

30.58%

 

 

Waha

May-24

-$2.161

-$2.126

-1.63%

-$0.03

-$1.39

55.60%

-$1.47

46.69%

 

 

Algonquin

May-24

-$0.183

-$0.163

-11.81%

-$0.02

-$0.19

-4.74%

-$0.31

-40.64%

 

 

Aeco

May-24

-$0.745

-$0.694

7.34%

-$0.05

-$0.57

30.79%

-$1.07

-30.01%

 

 

Socal

May-24

-$0.420

-$0.420

0.05%

$0.00

-$0.14

195.29%

-$0.11

292.34%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/19/24

4/18/24

% Change

Change

3/21/24

% Change

4/20/23

% Change

 

 

Mt. Belvieu Propane LST

May-24

$0.788

$0.780

0.98%

$0.01

$0.82

-4.24%

$0.76

3.32%

 

 

Mt. Belvieu Propane non LST

May-24

$0.786

$0.777

1.14%

$0.01

$0.82

-3.81%

$0.76

3.11%

 

 

Mt. Belview Ethane

May-24

$0.198

$0.193

2.65%

$0.01

$0.19

5.90%

$0.23

-14.31%

 

 

Mt. Belview Nat. Gasoline

May-24

$1.606

$1.590

1.03%

$0.02

$1.61

-0.08%

$1.47

9.24%

 

 

Mt. Belvieu Butane LST

May-24

$0.895

$0.882

1.49%

$0.01

$0.95

-5.90%

$0.86

4.19%

 

 

Far East Propane

May-24

$6.000

$5.984

0.27%

$0.02

$5.97

0.51%

$5.32

12.69%

 

 

Saudi Propane

May-24

$5.790

$5.840

-0.86%

-$0.05

$5.87

-1.37%

$5.17

12.07%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/19/24

4/18/24

% Change

Change

3/21/24

% Change

4/20/23

% Change

 

 

WTI

Jun-24

$82.22

$82.10

0.15%

$0.12

$80.64

1.96%

$71.88

14.39%

 

 

Brent

Jun-24

$87.29

$87.11

0.21%

$0.18

$85.24

2.40%

$76.29

14.42%

 

 

WCS

Jun-24

-$12.00

-$12.04

-0.33%

$0.04

-$11.29

6.26%

-$13.22

-9.25%

 

 

LLS

Jun-24

$83.94

$84.23

-0.35%

-$0.29

$82.39

1.88%

$72.82

15.26%

 

 

Mars

Jun-24

$82.03

$82.03

0.00%

$0.00

$79.75

2.85%

$69.53

17.98%

 

 

Sour

Jun-24

$82.87

$82.70

0.21%

$0.17

$80.38

3.10%

$70.25

17.97%

 

 

ESPO

Jun-24

$85.29

$85.11

0.21%

$0.18

$83.24

2.46%

$75.24

13.36%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/19/24

4/18/24

% Change

Change

3/21/24

% Change

4/20/23

% Change

 

 

NY Heating Oil

May-24

$2.55

$2.54

0.24%

$0.01

$2.65

-3.92%

$2.42

5.34%

 

 

NY Gasoline

May-24

$2.71

$2.68

0.86%

$0.02

$2.71

-0.18%

$2.34

15.97%

 

 

GC Gasoline

May-24

$2.61

$2.59

0.89%

$0.02

$2.61

-0.19%

$2.23

16.69%

 

 

GC Jet

May-24

$2.49

$2.49

0.00%

$0.00

$2.55

-2.12%

$2.20

13.20%

 

 

Chicago Ethanol

May-24

$1.69

$1.66

1.62%

$0.03

$1.67

1.38%

$1.70

-0.29%

 

 

Rotterdam Gasoil

May-24

$741.04

$737.75

0.45%

$3.30

$764.99

-3.13%

$660.46

12.20%

 

 

Singapore Jet Kero

May-24

$98.89

$100.62

-1.72%

-$1.73

$103.08

-4.06%

$92.60

6.80%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/19/24

4/18/24

% Change

Change

3/21/24

% Change

4/20/23

% Change

 

 

Henry Hub Straddle

Jun-24

61.56%

59.50%

3.46%

2.06%

58.32%

5.56%

53.44%

15.19%

 

 

Algonquin Straddle

Jun-24

81.76%

82.15%

-0.47%

-0.39%

57.44%

42.34%

54.80%

49.20%

 

 

Waha Straddle

Jun-24

208.23%

226.96%

-8.25%

-18.73%

106.03%

96.39%

65.98%

215.60%

 

 

Chicago Straddle

Jun-24

62.07%

60.87%

1.97%

1.20%

61.31%

1.24%

55.16%

12.53%

 

 

PJM West Straddle

Jun-24

59.83%

59.54%

0.49%

0.29%

45.19%

32.40%

45.37%

31.87%

 

 

SP – 15 Straddle

Jun-24

84.62%

72.52%

16.69%

12.10%

28.35%

198.48%

49.33%

71.54%

 

 

Mid. C Straddle

Jun-24

216.23%

224.65%

-3.75%

-8.42%

210.59%

2.68%

79.00%

173.71%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/19/24

4/18/24

% Change

Change

3/21/24

% Change

4/20/23

% Change

 

 

Dutch TTF

Jun-24

EUR 30.76

EUR 32.19

-4.44%

-EUR 1.43

EUR 26.81

14.72%

EUR 52.95

-41.91%

 

 

NBP

Jun-24

GBP 76.15

GBP 79.88

-4.67%

-GBP 3.73

GBP 66.42

14.65%

GBP 132.53

-42.54%

 

 

German Base

Jun-24

EUR 69.61

EUR 72.06

-3.40%

-EUR 2.45

EUR 57.98

20.06%

EUR 125.37

-44.48%

 

 

UK Base

Jun-24

GBP 66.79

GBP 67.05

-0.40%

-GBP 0.26

GBP 60.11

11.10%

GBP 124.62

-46.41%

 

 

French Base

Jun-24

EUR 41.38

EUR 42.95

-3.66%

-EUR 1.57

EUR 48.36

-14.43%

EUR 123.35

-66.45%

 

 

Italian Base

Jun-24

EUR 92.37

EUR 92.80

-0.45%

-EUR 0.42

EUR 82.98

11.32%

EUR 138.14

-33.13%

 

 

JKM LNG

Jun-24

$9.67

$10.15

-4.77%

-$0.48

$9.25

4.47%

$15.84

-38.98%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

4/19/24

4/18/24

% Change

Change

3/21/24

% Change

4/20/23

% Change

 

 

TD3C FFA Middle East to China (WET)

Jun-24

$30.76

$32.19

-4.44%

-$1.43

$26.81

14.72%

$52.95

-41.91%

 

 

USGC-UK Continent Dirty (WET)

Jun-24

$76.15

$79.88

-4.67%

-$3.73

$66.42

14.65%

$132.53

-42.54%

 

 

TD20 West Africa to UK Continent (WET)

Jun-24

$69.61

$72.06

-3.40%

-$2.45

$57.98

20.06%

$125.37

-44.48%

 

 

LPG FFA Middle East Gulf to East (WET)

Jun-24

$66.79

$67.05

-0.40%

-$0.26

$60.11

11.10%

$124.62

-46.41%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jun-24

$41.38

$42.95

-3.66%

-$1.57

$48.36

-14.43%

$123.35

-66.45%

 

 

Supramax Timecharter (DRY)

Jun-24

$92.37

$92.80

-0.45%

-$0.42

$82.98

11.32%

$138.14

-33.13%

 

 

Capesize Timecharter (DRY)

Jun-24

$9.67

$10.15

-4.77%

-$0.48

$9.25

4.47%

$15.84

-38.98%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

04/20/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

 

 

 

 

 

 

 

 

 

 

Middle Atlantic

 

 

 

 

 

 

 

 

 

 

E N Central

 

 

 

 

W N Central

 

 

 

 

 

 

 

 

 

 

South Atlantic

 

 

 

 

E S Central

 

 

 

 

 

 

 

 

 

 

W S Central

 

 

 

 

Mountain

 

 

 

 

 

 

 

 

 

 

Pacific

 

 

 

 

United States

 

 

 

 

 

 

 

 

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

04/20/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

 

 

 

 

 

 

 

 

 

 

Middle Atlantic

 

 

 

 

 

 

 

 

 

 

E N Central

 

 

 

 

W N Central

 

 

 

 

 

 

 

 

 

 

South Atlantic

 

 

 

 

E S Central

 

 

 

 

 

 

 

 

 

 

W S Central

 

 

 

 

Mountain

 

 

 

 

 

 

 

 

 

 

Pacific

 

 

 

 

United States

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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