Q2 2020 Energy Report

  • 7 Aug 2020
  • By CME Group
  • Topics: Energy

In Our Markets

Henry Hub natural gas YTD ADV is up 46% YoY

Global gas price convergence and uncertainty around supply and demand heading into the upcoming withdrawal season has led to unprecedented growth in the Henry Hub complex. 


WTI fundamentals

Our Energy research team has released a series of articles reviewing the fundamentals around WTI after this April’s super-contango. Topics include:


WTI futures and options trading percentage continues to grow during extended trading hours (ETH)

While markets rebalance, the percentage of WTI futures and options traded during ETH in Q2 continues to increase while market participants continue to use CME Group Energy products to manage their risk around the clock.

US gasoline consumption returning to pre-Covid-19 levels

Within the last few weeks, US gasoline consumption has gone from 5,329 thousand bbl during the week of April 24 to 8,451 thousand bbl on the week of July 3, returning to March levels.

This data set and chart is from the EIA

View RBOB futures specifications


Global jet fuel price decline

A new article that reviews CME Group’s exchange data on Jet Fuel pricing shows that the decline has stimulated increased hedging activity, with the cost of carry levels offering incentives to store cargoes for future delivery.

Source: CME Group 

Read the article

Q2 2020 product performance

 

Q2 ADV

Q2 2020 v Q2 2019

Energy complex

 2.59 mm

+4%

Energy futures

 2.32 mm

+2%

Energy options

 268K

+2%

CL

 1.27 mm

Flat

NG

 485K

+37%

HO

 159K

-4%

RB

 169K

-26%

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The Global Command Center (GCC) is the market operations and customer service desk for electronic trading and handles inquiries, issues, and support requests from CME Globex and CME ClearPort customers 24 hours a day.


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