Prices as of 8:45 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$1.632

$1.659

-1.63%

-$0.027

13,024

 

 

WTI

$81.59

$80.63

1.19%

$0.96

81,738

 

 

Brent

$86.31

$85.43

1.03%

$0.88

5,227

 

 

ULSD

$2.691

$2.653

1.43%

$0.038

2,329

 

 

RBOB

$2.751

$2.740

0.41%

$0.011

2,973

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.74

$4.80

-1.25%

-$0.06

May-24

 

 

3:2:1 Crack

$32.34

$32.39

-0.13%

-$0.04

May-24

 

 

PJM West Spark

$29.11

$28.28

2.95%

$0.83

Apr-24

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

03/22/24

624

-5

-134

03/25/23

 

 

Canada

03/22/24

169

-38

4

03/25/23

 

 

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

 

 

 

 

03/15/19

 

 

 

3/15/24

3/8/24

Net Change

% Change

3/17/23

% Change

5 Year Avg.

% Change

 

 

East

406

412

-6

-1.46%

355

14.37%

315

29.05%

 

 

Midwest

551

561

-10

-1.78%

461

19.52%

389

41.72%

 

 

Mountain

166

167

-1

-0.60%

84

97.62%

87

89.93%

 

 

Pacific

216

213

3

1.41%

72

200.00%

142

51.69%

 

 

South

993

972

21

2.16%

927

7.12%

703

41.21%

 

 

    Salt

300

294

6

2.04%

262

14.50%

205

46.20%

 

 

    Non_Salt

694

678

16

2.36%

664

4.52%

498

39.36%

 

 

Total

2,332

2,325

7

0.30%

1,900

22.74%

1,637

42.49%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/22/24

3/21/24

% Change

Change

2/23/24

% Change

3/24/23

% Change

 

 

PJM West On Peak

Apr-24

$32.60

$31.83

2.42%

$0.77

$31.05

4.98%

$43.15

-24.45%

 

 

ERCOT North On Peak

Apr-24

$32.00

$32.25

-0.76%

-$0.24

$30.33

5.51%

$34.02

-5.94%

 

 

CAISO SP 15 On Peak

Apr-24

$18.50

$20.23

-8.55%

-$1.73

$26.19

-29.37%

$35.51

-47.90%

 

 

MISO Indiana On Peak

Apr-24

$32.00

$31.54

1.47%

$0.46

$32.92

-2.77%

$46.69

-31.46%

 

 

NEISO Mass On Peak

Apr-24

$27.87

$27.15

2.65%

$0.72

$28.19

-1.12%

$52.62

-47.03%

 

 

WECC Mid C On Peak

Apr-24

$36.52

$37.89

-3.61%

-$1.37

$44.31

-17.57%

$58.00

-37.03%

 

 

NYISO Zone G On Peak

Apr-24

$28.12

$27.39

2.64%

$0.72

$26.20

7.32%

$44.41

-36.70%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/22/24

3/21/24

% Change

Change

2/23/24

% Change

3/24/23

% Change

 

 

NYMEX Henry Hub

Apr-24

$1.659

$1.683

-1.43%

-$0.02

$1.70

-2.35%

$3.26

-49.13%

 

 

Houston Ship Channel

Apr-24

-$0.234

-$0.224

4.10%

-$0.01

-$0.27

-12.87%

-$0.37

-36.94%

 

 

Chicago

Apr-24

-$0.086

-$0.089

3.02%

$0.00

-$0.10

-11.78%

-$0.08

3.99%

 

 

Waha

Apr-24

-$1.700

-$1.613

-5.37%

-$0.09

-$0.93

82.94%

-$1.36

24.72%

 

 

Algonquin

Apr-24

-$0.040

-$0.019

-103.61%

-$0.02

$0.03

-226.20%

$1.08

-103.66%

 

 

Aeco

Apr-24

-$0.354

-$0.405

-12.78%

$0.05

-$0.55

-35.43%

-$0.85

-58.27%

 

 

Socal

Apr-24

-$0.072

-$0.027

161.31%

-$0.04

$0.22

-132.90%

$0.10

-170.47%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/22/24

3/21/24

% Change

Change

2/23/24

% Change

3/24/23

% Change

 

 

Mt. Belvieu Propane LST

Apr-24

$0.830

$0.826

0.46%

$0.00

$0.82

0.86%

$0.72

15.01%

 

 

Mt. Belvieu Propane non LST

Apr-24

$0.823

$0.819

0.46%

$0.00

$0.83

-0.49%

$0.72

13.92%

 

 

Mt. Belview Ethane

Apr-24

$0.189

$0.185

2.31%

$0.00

$0.19

2.31%

$0.23

-19.29%

 

 

Mt. Belview Nat. Gasoline

Apr-24

$1.616

$1.625

-0.54%

-$0.01

$1.53

5.74%

$1.40

15.50%

 

 

Mt. Belvieu Butane LST

Apr-24

$0.957

$0.965

-0.74%

-$0.01

$0.92

3.54%

$0.81

18.13%

 

 

Far East Propane

Apr-24

$6.024

$6.023

0.03%

$0.00

$5.90

2.09%

$5.16

16.67%

 

 

Saudi Propane

Apr-24

$6.180

$6.171

0.15%

$0.01

$5.72

8.00%

$4.99

23.87%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/22/24

3/21/24

% Change

Change

2/23/24

% Change

3/24/23

% Change

 

 

WTI

May-24

$80.63

$81.07

-0.55%

-$0.44

$76.08

5.98%

$66.96

20.42%

 

 

Brent

May-24

$85.43

$85.78

-0.41%

-$0.35

$80.80

5.73%

$72.11

18.47%

 

 

WCS

May-24

-$12.54

-$12.34

1.62%

-$0.20

-$14.96

-16.17%

-$15.45

-18.82%

 

 

LLS

May-24

$82.64

$82.85

-0.25%

-$0.21

$78.02

5.93%

$69.09

19.62%

 

 

Mars

May-24

$80.04

$80.23

-0.24%

-$0.19

$75.48

6.03%

$64.78

23.55%

 

 

Sour

May-24

$80.88

$80.94

-0.08%

-$0.06

$76.61

5.56%

$65.19

24.06%

 

 

ESPO

May-24

$83.43

$83.78

-0.42%

-$0.35

$78.80

5.88%

$69.09

20.75%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/22/24

3/21/24

% Change

Change

2/23/24

% Change

3/24/23

% Change

 

 

NY Heating Oil

Apr-24

$2.65

$2.67

-0.49%

-$0.01

$2.64

0.49%

$2.40

10.45%

 

 

NY Gasoline

Apr-24

$2.73

$2.73

0.15%

$0.00

$2.51

8.80%

$2.23

22.58%

 

 

GC Gasoline

Apr-24

$2.63

$2.63

0.15%

$0.00

$2.41

9.17%

$2.13

23.64%

 

 

GC Jet

Apr-24

$2.53

$2.56

-1.17%

-$0.03

$2.29

10.42%

$2.06

23.02%

 

 

Chicago Ethanol

Apr-24

$1.65

$1.63

1.22%

$0.02

$1.48

11.82%

$1.67

-0.90%

 

 

Rotterdam Gasoil

Apr-24

$773.42

$772.19

0.16%

$1.23

$753.59

2.63%

$647.55

19.44%

 

 

Singapore Jet Kero

Apr-24

$102.90

$102.40

0.49%

$0.50

$101.95

0.93%

$88.66

16.07%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/22/24

3/21/24

% Change

Change

2/23/24

% Change

3/24/23

% Change

 

 

Henry Hub Straddle

May-24

57.92%

63.65%

-9.00%

-5.73%

66.79%

-13.28%

47.33%

22.37%

 

 

Algonquin Straddle

May-24

64.35%

75.90%

-15.22%

-11.55%

77.52%

-16.99%

50.53%

27.35%

 

 

Waha Straddle

May-24

170.12%

171.62%

-0.87%

-1.50%

121.38%

40.15%

71.41%

138.23%

 

 

Chicago Straddle

May-24

61.10%

67.74%

-9.80%

-6.64%

66.62%

-8.29%

48.78%

25.26%

 

 

PJM West Straddle

May-24

46.34%

46.61%

-0.58%

-0.27%

46.89%

-1.17%

46.15%

0.41%

 

 

SP – 15 Straddle

May-24

193.68%

180.12%

7.53%

13.56%

74.36%

160.46%

26.69%

625.67%

 

 

Mid. C Straddle

May-24

61.04%

74.02%

-17.54%

-12.98%

177.52%

-65.62%

71.67%

-14.83%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/22/24

3/21/24

% Change

Change

2/23/24

% Change

3/24/23

% Change

 

 

Dutch TTF

May-24

EUR 27.39

EUR 26.69

2.61%

EUR 0.70

EUR 23.65

15.82%

EUR 48.75

-43.81%

 

 

NBP

May-24

GBP 69.20

GBP 67.73

2.18%

GBP 1.48

GBP 57.12

21.15%

GBP 124.72

-44.51%

 

 

German Base

May-24

EUR 51.65

EUR 50.84

1.60%

EUR 0.81

EUR 48.24

7.08%

EUR 113.96

-54.68%

 

 

UK Base

May-24

GBP 61.28

GBP 59.56

2.89%

GBP 1.72

GBP 52.39

16.95%

GBP 118.69

-48.37%

 

 

French Base

May-24

EUR 33.92

EUR 37.01

-8.37%

-EUR 3.10

EUR 41.57

-18.41%

EUR 113.11

-70.01%

 

 

Italian Base

May-24

EUR 75.42

EUR 73.75

2.26%

EUR 1.67

EUR 70.67

6.72%

EUR 126.99

-40.61%

 

 

JKM LNG

May-24

$9.32

$8.68

7.33%

$0.64

$8.08

15.35%

$14.59

-36.16%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

3/22/24

3/21/24

% Change

Change

2/23/24

% Change

3/24/23

% Change

 

 

TD3C FFA Middle East to China (WET)

May-24

$27.39

$26.69

2.61%

$0.70

$23.65

15.82%

$48.75

-43.81%

 

 

USGC-UK Continent Dirty (WET)

May-24

$69.20

$67.73

2.18%

$1.48

$57.12

21.15%

$124.72

-44.51%

 

 

TD20 West Africa to UK Continent (WET)

May-24

$51.65

$50.84

1.60%

$0.81

$48.24

7.08%

$113.96

-54.68%

 

 

LPG FFA Middle East Gulf to East (WET)

May-24

$61.28

$59.56

2.89%

$1.72

$52.39

16.95%

$118.69

-48.37%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

May-24

$33.92

$37.01

-8.37%

-$3.10

$41.57

-18.41%

$113.11

-70.01%

 

 

Supramax Timecharter (DRY)

May-24

$75.42

$73.75

2.26%

$1.67

$70.67

6.72%

$126.99

-40.61%

 

 

Capesize Timecharter (DRY)

May-24

$9.32

$8.68

7.33%

$0.64

$8.08

15.35%

$14.59

-36.16%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

03/23/2024

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

9

-3

2

67

-33

-56

-33.00%

-46.00%

 

 

E S Central

0

-5

0

2

-23

-18

NA

NA

 

 

W S Central

5

-8

-6

59

-7

-41

NA

NA

 

 

Mountain

0

-2

0

0

-10

0

NA

NA

 

 

Pacific

0

-1

0

0

-5

0

NA

NA

 

 

United States

2

-3

0

19

-11

-16

NA

NA

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

03/23/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

198

1

20

4,778

-732

39

-13.00%

1.00%

 

 

Middle Atlantic

188

11

22

4,416

-592

49

-12.00%

1.00%

 

 

E N Central

213

28

6

4,647

-896

-318

-16.00%

-6.00%

 

 

W N Central

209

26

-29

4,866

-1,003

-809

-17.00%

-14.00%

 

 

South Atlantic

76

-2

-22

2,206

-339

7

-13.00%

0.00%

 

 

E S Central

105

11

-39

2,806

-425

37

-13.00%

1.00%

 

 

W S Central

57

4

-36

1,927

-210

-7

-10.00%

0.00%

 

 

Mountain

127

-10

-52

4,043

-303

-576

-7.00%

-12.00%

 

 

Pacific

76

-16

-44

2,428

-160

-463

-6.00%

-16.00%

 

 

United States

132

6

-17

3,384

-491

-204

-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.