Prices as of 9:27 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$1.680

$1.699

-1.12%

-$0.019

20,157

 

 

WTI

$80.92

$81.68

-0.93%

-$0.76

116,105

 

 

Brent

$85.59

$85.95

-0.42%

-$0.36

10,219

 

 

ULSD

$2.658

$2.696

-1.39%

-$0.037

3,812

 

 

RBOB

$2.719

$2.733

-0.54%

-$0.015

4,127

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.66

$4.68

-0.43%

-$0.02

May-24

 

 

3:2:1 Crack

$31.74

$32.33

-1.82%

-$0.59

May-24

 

 

PJM West Spark

$32.06

$31.57

1.55%

$0.49

Apr-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

03/15/24

629

7

-125

03/18/23

 

 

Canada

03/15/24

207

-18

0

03/18/23

 

 

International

Feb

958

-7

43

Feb

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 3/12/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

91,085

90,642

90,642

0

 

 

PJM West Off Peak

79,238

78,895

78,982

-87

 

 

Natural Gas Henry Hub

380,458

358,116

368,376

-10,260

 

 

WTI – Light Sweet Crude Futures

307,461

262,005

230,289

31,716

 

 

Brent Crude Last Day

109,955

100,537

100,240

297

 

 

NYM Ethanol

48,564

47,770

48,227

-457

 

 

Mt Belvieu LDH Propane Swap

150,268

149,192

149,949

-757

 

 

RBOB

379,544

352,260

364,346

-12,086

 

 

HSC Basis

791,538

780,281

781,443

-1,162

 

 

 

 

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

 

 

 

 

03/08/19

 

 

 

3/8/24

3/1/24

Net Change

% Change

3/10/23

% Change

5 Year Avg.

% Change

 

 

East

412

422

-10

-2.37%

391

5.37%

337

22.40%

 

 

Midwest

561

575

-14

-2.43%

490

14.49%

410

36.70%

 

 

Mountain

167

169

-2

-1.18%

87

91.95%

90

85.56%

 

 

Pacific

213

219

-6

-2.74%

72

195.83%

145

46.49%

 

 

South

972

949

23

2.42%

933

4.18%

700

38.78%

 

 

    Salt

294

285

9

3.16%

266

10.53%

200

47.29%

 

 

    Non_Salt

678

664

14

2.11%

667

1.65%

501

35.28%

 

 

Total

2,325

2,334

-9

-0.39%

1,972

17.90%

1,683

38.16%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/20/24

3/19/24

% Change

Change

2/21/24

% Change

3/22/23

% Change

 

 

PJM West On Peak

Apr-24

$35.65

$35.20

1.28%

$0.45

$35.44

0.60%

$42.89

-16.87%

 

 

ERCOT North On Peak

Apr-24

$33.39

$32.62

2.35%

$0.77

$30.98

7.77%

$32.66

2.21%

 

 

CAISO SP 15 On Peak

Apr-24

$20.78

$21.20

-2.01%

-$0.43

$27.75

-25.12%

$36.70

-43.39%

 

 

MISO Indiana On Peak

Apr-24

$35.39

$35.58

-0.54%

-$0.19

$37.91

-6.64%

$46.26

-23.49%

 

 

NEISO Mass On Peak

Apr-24

$27.83

$28.62

-2.77%

-$0.79

$31.58

-11.89%

$55.22

-49.60%

 

 

WECC Mid C On Peak

Apr-24

$38.00

$40.57

-6.33%

-$2.57

$48.68

-21.94%

$56.44

-32.68%

 

 

NYISO Zone G On Peak

Apr-24

$30.75

$31.02

-0.88%

-$0.27

$30.09

2.19%

$46.80

-34.31%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/20/24

3/19/24

% Change

Change

2/21/24

% Change

3/22/23

% Change

 

 

NYMEX Henry Hub

Apr-24

$1.699

$1.744

-2.58%

-$0.04

$1.86

-8.80%

$3.20

-46.94%

 

 

Houston Ship Channel

Apr-24

-$0.209

-$0.191

9.25%

-$0.02

-$0.28

-24.92%

-$0.38

-45.05%

 

 

Chicago

Apr-24

-$0.090

-$0.092

2.68%

$0.00

-$0.08

18.54%

-$0.08

18.70%

 

 

Waha

Apr-24

-$1.638

-$1.569

-4.37%

-$0.07

-$0.91

80.25%

-$1.34

21.85%

 

 

Algonquin

Apr-24

-$0.030

-$0.023

-32.17%

-$0.01

$0.05

-157.14%

$1.14

-102.67%

 

 

Aeco

Apr-24

-$0.395

-$0.401

-1.37%

$0.01

-$0.51

-22.45%

-$0.92

-57.03%

 

 

Socal

Apr-24

-$0.001

-$0.014

-91.55%

$0.01

$0.24

-100.50%

$0.11

-101.08%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/20/24

3/19/24

% Change

Change

2/21/24

% Change

3/22/23

% Change

 

 

Mt. Belvieu Propane LST

Apr-24

$0.823

$0.830

-0.88%

-$0.01

$0.82

0.30%

$0.73

13.20%

 

 

Mt. Belvieu Propane non LST

Apr-24

$0.818

$0.827

-1.19%

-$0.01

$0.82

-0.80%

$0.73

12.66%

 

 

Mt. Belview Ethane

Apr-24

$0.185

$0.183

1.16%

$0.00

$0.19

-1.75%

$0.23

-19.11%

 

 

Mt. Belview Nat. Gasoline

Apr-24

$1.633

$1.650

-1.06%

-$0.02

$1.52

7.23%

$1.43

14.19%

 

 

Mt. Belvieu Butane LST

Apr-24

$0.948

$0.937

1.20%

$0.01

$0.94

0.64%

$0.81

16.76%

 

 

Far East Propane

Apr-24

$6.075

$6.110

-0.58%

-$0.04

$5.92

2.60%

$5.08

19.47%

 

 

Saudi Propane

Apr-24

$6.200

$6.217

-0.27%

-$0.02

$5.78

7.27%

$4.98

24.54%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/20/24

3/19/24

% Change

Change

2/21/24

% Change

3/22/23

% Change

 

 

WTI

May-24

$81.27

$82.73

-1.80%

-$1.46

$77.31

5.12%

$67.86

19.76%

 

 

Brent

May-24

$85.95

$87.38

-1.66%

-$1.43

$82.11

4.68%

$73.25

17.34%

 

 

WCS

May-24

-$12.35

-$12.30

0.45%

-$0.06

-$15.07

-18.02%

-$15.45

-20.05%

 

 

LLS

May-24

$82.92

$84.41

-1.80%

-$1.49

$78.86

5.15%

$69.39

19.50%

 

 

Mars

May-24

$80.70

$81.85

-1.43%

-$1.15

$76.81

5.07%

$65.83

22.58%

 

 

Sour

May-24

$81.57

$82.89

-1.61%

-$1.32

$76.37

6.81%

$65.90

23.78%

 

 

ESPO

May-24

$83.95

$85.38

-1.70%

-$1.43

$80.11

4.79%

$71.08

18.10%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/20/24

3/19/24

% Change

Change

2/21/24

% Change

3/22/23

% Change

 

 

NY Heating Oil

Apr-24

$2.70

$2.76

-2.32%

-$0.06

$2.66

1.24%

$2.45

9.99%

 

 

NY Gasoline

Apr-24

$2.73

$2.76

-1.09%

-$0.03

$2.53

8.11%

$2.26

21.14%

 

 

GC Gasoline

Apr-24

$2.63

$2.66

-1.13%

-$0.03

$2.43

8.44%

$2.16

22.12%

 

 

GC Jet

Apr-24

$2.61

$2.67

-2.43%

-$0.07

$2.58

1.28%

$2.49

4.78%

 

 

Chicago Ethanol

Apr-24

$1.62

$1.63

-0.62%

-$0.01

$1.51

6.95%

$1.74

-7.24%

 

 

Rotterdam Gasoil

Apr-24

$781.28

$801.48

-2.52%

-$20.20

$754.53

3.54%

$652.77

19.69%

 

 

Singapore Jet Kero

Apr-24

$103.96

$105.74

-1.69%

-$1.78

$100.37

3.57%

$90.60

14.75%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/20/24

3/19/24

% Change

Change

2/21/24

% Change

3/22/23

% Change

 

 

Henry Hub Straddle

May-24

63.47%

54.44%

16.59%

9.03%

58.98%

7.61%

58.21%

9.04%

 

 

Algonquin Straddle

May-24

73.09%

64.45%

13.41%

8.64%

68.66%

6.45%

62.97%

16.07%

 

 

Waha Straddle

May-24

174.29%

148.61%

17.28%

25.68%

111.46%

56.37%

75.02%

132.32%

 

 

Chicago Straddle

May-24

67.87%

59.08%

14.88%

8.79%

57.31%

18.43%

59.23%

14.59%

 

 

PJM West Straddle

May-24

46.65%

48.17%

-3.16%

-1.52%

49.93%

-6.57%

45.01%

3.64%

 

 

SP – 15 Straddle

May-24

128.34%

137.95%

-6.97%

-9.61%

72.53%

76.95%

27.21%

371.66%

 

 

Mid. C Straddle

May-24

105.67%

54.92%

92.41%

50.75%

207.12%

-48.98%

71.34%

48.12%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/20/24

3/19/24

% Change

Change

2/21/24

% Change

3/22/23

% Change

 

 

Dutch TTF

May-24

EUR 27.26

EUR 29.02

-6.07%

-EUR 1.76

EUR 24.13

12.99%

EUR 47.11

-42.14%

 

 

NBP

May-24

GBP 68.78

GBP 72.86

-5.60%

-GBP 4.08

GBP 58.40

17.77%

GBP 122.29

-43.76%

 

 

German Base

May-24

EUR 53.54

EUR 54.91

-2.49%

-EUR 1.37

EUR 50.09

6.90%

EUR 115.16

-53.50%

 

 

UK Base

May-24

GBP 62.15

GBP 63.78

-2.55%

-GBP 1.63

GBP 52.33

18.78%

GBP 113.52

-45.25%

 

 

French Base

May-24

EUR 40.31

EUR 41.65

-3.22%

-EUR 1.34

EUR 43.14

-6.57%

EUR 108.06

-62.70%

 

 

Italian Base

May-24

EUR 78.55

EUR 79.94

-1.74%

-EUR 1.39

EUR 73.12

7.43%

EUR 122.91

-36.09%

 

 

JKM LNG

May-24

$8.74

$8.86

-1.33%

-$0.12

$8.25

5.95%

$15.98

-45.30%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/20/24

3/19/24

% Change

Change

2/21/24

% Change

3/22/23

% Change

 

 

TD3C FFA Middle East to China (WET)

May-24

$27.26

$29.02

-6.07%

-$1.76

$24.13

12.99%

$47.11

-42.14%

 

 

USGC-UK Continent Dirty (WET)

May-24

$68.78

$72.86

-5.60%

-$4.08

$58.40

17.77%

$122.29

-43.76%

 

 

TD20 West Africa to UK Continent (WET)

May-24

$53.54

$54.91

-2.49%

-$1.37

$50.09

6.90%

$115.16

-53.50%

 

 

LPG FFA Middle East Gulf to East (WET)

May-24

$62.15

$63.78

-2.55%

-$1.63

$52.33

18.78%

$113.52

-45.25%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

May-24

$40.31

$41.65

-3.22%

-$1.34

$43.14

-6.57%

$108.06

-62.70%

 

 

Supramax Timecharter (DRY)

May-24

$78.55

$79.94

-1.74%

-$1.39

$73.12

7.43%

$122.91

-36.09%

 

 

Capesize Timecharter (DRY)

May-24

$8.74

$8.86

-1.33%

-$0.12

$8.25

5.95%

$15.98

-45.30%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

03/16/2024

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

-2

0

NA

NA

 

 

South Atlantic

11

0

1

58

-30

-56

NA

NA

 

 

E S Central

0

-4

0

2

-19

-16

NA

NA

 

 

W S Central

15

4

3

55

2

-30

NA

NA

 

 

Mountain

0

-1

0

0

-7

0

NA

NA

 

 

Pacific

0

-1

0

0

-5

0

NA

NA

 

 

United States

4

0

1

17

-8

-15

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

03/16/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

164

-49

-38

4,579

-734

16

-14.00%

0.00%

 

 

Middle Atlantic

141

-53

-64

4,228

-603

26

-12.00%

1.00%

 

 

E N Central

132

-71

-92

4,434

-925

-328

-17.00%

-7.00%

 

 

W N Central

126

-76

-106

4,657

-1,029

-792

-18.00%

-15.00%

 

 

South Atlantic

55

-34

-55

2,130

-338

20

-14.00%

1.00%

 

 

E S Central

77

-31

-59

2,701

-436

61

-14.00%

2.00%

 

 

W S Central

38

-26

-20

1,870

-214

15

-10.00%

1.00%

 

 

Mountain

158

11

3

3,916

-293

-525

-7.00%

-12.00%

 

 

Pacific

107

10

-7

2,352

-144

-415

-6.00%

-15.00%

 

 

United States

104

-36

-50

3,251

-498

-192

-13.00%

-6.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

To opt out of this email please follow this link.

Campbell Faulkner | OTC Global Holdings

Quality Data – Reliable Service – Affordable Price

5151 San Felipe Suite 2200
Houston, TX 77056
faulkner.c@otcgh.com
eoxlive.com/market-data

 

This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.