|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:12 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.873
|
$3.837
|
0.94%
|
$0.036
|
32,171
|
|
|
|
WTI
|
$60.37
|
$61.99
|
-2.61%
|
-$1.62
|
168,674
|
|
|
|
Brent
|
$63.98
|
$65.58
|
-2.44%
|
-$1.60
|
32,304
|
|
|
|
ULSD
|
$2.057
|
$2.082
|
-1.19%
|
-$0.025
|
9,240
|
|
|
|
RBOB
|
$2.022
|
$2.055
|
-1.60%
|
-$0.033
|
11,762
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.85
|
$3.93
|
-2.04%
|
-$0.08
|
Jun-25
|
|
|
|
3:2:1 Crack
|
$24.61
|
$24.26
|
1.45%
|
$0.35
|
May-25
|
|
|
|
PJM West Spark
|
$42.30
|
$47.75
|
-11.41%
|
-$5.45
|
May-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
04/04/25
|
590
|
-2
|
-30
|
04/05/24
|
|
|
|
Canada
|
04/04/25
|
153
|
-10
|
17
|
04/05/24
|
|
|
|
International
|
Mar
|
899
|
-6
|
-72
|
Mar
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 4/1/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
97,623
|
96,890
|
97,136
|
-246
|
|
|
|
PJM West Off Peak
|
88,249
|
88,086
|
87,550
|
536
|
|
|
|
Natural Gas Henry Hub
|
355,936
|
340,861
|
344,019
|
-3,158
|
|
|
|
WTI – Light Sweet Crude Futures
|
298,358
|
244,306
|
231,635
|
12,671
|
|
|
|
Brent Crude Last Day
|
188,350
|
182,606
|
181,698
|
908
|
|
|
|
NYM Ethanol
|
31,200
|
30,200
|
30,761
|
-561
|
|
|
|
Mt Belvieu LDH Propane Swap
|
168,942
|
168,310
|
168,617
|
-307
|
|
|
|
RBOB
|
424,377
|
404,988
|
408,990
|
-4,002
|
|
|
|
HSC Basis
|
962,194
|
954,472
|
954,844
|
-372
|
|
|
|
|
|
|
|
|
|
|
|
|
EIA Short Term Energy Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
|
|
Brent
|
$82.00
|
$81.00
|
$74.00
|
$66.00
|
|
|
|
Gasoline
|
$3.50
|
$3.30
|
$3.20
|
$3.00
|
|
|
|
Crude Oil Production
|
$12.90
|
$13.20
|
$13.50
|
$13.60
|
|
|
|
Natural Gas Spot
|
$2.50
|
$2.20
|
$3.10
|
$4.00
|
|
|
|
LNG Exports
|
12.00
|
12.00
|
14.00
|
16.00
|
|
|
|
|
|
|
|
|
|
|
|
|
Electrical Generation %
|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
|
|
Natural gas
|
42.00%
|
43.00%
|
41.00%
|
40.00%
|
|
|
|
Coal
|
17.00%
|
16.00%
|
15.00%
|
15.00%
|
|
|
|
Renewables
|
22.00%
|
23.00%
|
25.00%
|
27.00%
|
|
|
|
Nuclear
|
19.00%
|
19.00%
|
19.00%
|
19.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short Term Energy Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EIA Lower 48 Natural Gas Storage
|
|
|
|
|
|
|
|
|
|
|
|
|
|
04/03/20
|
|
|
|
|
|
3/28/25
|
3/21/25
|
Net Change
|
% Change
|
3/29/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
284
|
298
|
-14
|
-4.70%
|
363
|
-21.76%
|
325
|
-12.67%
|
|
|
|
Midwest
|
364
|
367
|
-3
|
-0.82%
|
510
|
-28.63%
|
420
|
-13.33%
|
|
|
|
Mountain
|
165
|
163
|
2
|
1.23%
|
162
|
1.85%
|
108
|
52.78%
|
|
|
|
Pacific
|
202
|
192
|
10
|
5.21%
|
227
|
-11.01%
|
173
|
16.63%
|
|
|
|
South
|
758
|
725
|
33
|
4.55%
|
996
|
-23.90%
|
829
|
-8.59%
|
|
|
|
Salt
|
218
|
202
|
16
|
7.92%
|
294
|
-25.85%
|
246
|
-11.38%
|
|
|
|
Non_Salt
|
540
|
523
|
17
|
3.25%
|
701
|
-22.97%
|
583
|
-7.38%
|
|
|
|
Total
|
1,773
|
1,744
|
29
|
1.66%
|
2,259
|
-21.51%
|
1,856
|
-4.46%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/4/25
|
4/3/25
|
% Change
|
Change
|
3/7/25
|
% Change
|
4/5/24
|
% Change
|
|
|
|
PJM West On Peak
|
May-25
|
$50.64
|
$55.96
|
-9.50%
|
-$5.31
|
$58.23
|
-13.03%
|
$47.47
|
6.69%
|
|
|
|
ERCOT North On Peak
|
May-25
|
$44.73
|
$50.58
|
-11.56%
|
-$5.85
|
$53.11
|
-15.77%
|
$40.76
|
9.76%
|
|
|
|
CAISO SP 15 On Peak
|
May-25
|
$5.77
|
$5.89
|
-2.05%
|
-$0.12
|
$11.12
|
-48.12%
|
$18.82
|
-69.36%
|
|
|
|
MISO Indiana On Peak
|
May-25
|
$44.94
|
$47.43
|
-5.24%
|
-$2.49
|
$53.53
|
-16.05%
|
$47.42
|
-5.22%
|
|
|
|
NEISO Mass On Peak
|
May-25
|
$45.15
|
$47.95
|
-5.84%
|
-$2.80
|
$51.85
|
-12.92%
|
$40.87
|
10.48%
|
|
|
|
WECC Mid C On Peak
|
May-25
|
$20.27
|
$22.94
|
-11.66%
|
-$2.67
|
$32.00
|
-36.66%
|
$41.37
|
-51.01%
|
|
|
|
NYISO Zone G On Peak
|
May-25
|
$47.07
|
$50.04
|
-5.94%
|
-$2.97
|
$52.35
|
-10.09%
|
$43.93
|
7.15%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/4/25
|
4/3/25
|
% Change
|
Change
|
3/7/25
|
% Change
|
4/5/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
May-25
|
$3.837
|
$4.138
|
-7.27%
|
-$0.30
|
$4.45
|
-13.85%
|
$3.03
|
26.59%
|
|
|
|
Houston Ship Channel
|
May-25
|
-$0.469
|
-$0.533
|
-11.98%
|
$0.06
|
-$0.48
|
-2.68%
|
-$0.29
|
63.75%
|
|
|
|
Chicago
|
May-25
|
-$0.486
|
-$0.507
|
4.22%
|
$0.02
|
-$0.41
|
17.98%
|
-$0.18
|
163.43%
|
|
|
|
Waha
|
May-25
|
-$3.939
|
-$4.156
|
-5.21%
|
$0.22
|
-$3.62
|
8.90%
|
-$1.11
|
255.15%
|
|
|
|
Algonquin
|
May-25
|
-$0.680
|
-$0.670
|
-1.42%
|
-$0.01
|
-$0.32
|
114.31%
|
-$0.13
|
430.27%
|
|
|
|
Aeco
|
May-25
|
-$2.226
|
-$2.393
|
-6.95%
|
$0.17
|
-$3.15
|
-29.41%
|
-$0.88
|
153.23%
|
|
|
|
Socal
|
May-25
|
-$1.820
|
-$1.830
|
-0.54%
|
$0.01
|
-$1.11
|
63.40%
|
-$0.35
|
413.78%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/4/25
|
4/3/25
|
% Change
|
Change
|
3/7/25
|
% Change
|
4/5/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
May-25
|
$0.769
|
$0.809
|
-5.00%
|
-$0.04
|
$0.79
|
-2.07%
|
$0.74
|
3.26%
|
|
|
|
Mt. Belvieu Propane non LST
|
May-25
|
$0.852
|
$0.810
|
5.09%
|
$0.04
|
$0.79
|
8.33%
|
$0.74
|
14.68%
|
|
|
|
Mt. Belview Ethane
|
May-25
|
$0.291
|
$0.305
|
-4.60%
|
-$0.01
|
$0.29
|
0.34%
|
$0.24
|
20.54%
|
|
|
|
Mt. Belview Nat. Gasoline
|
May-25
|
$1.388
|
$1.428
|
-2.77%
|
-$0.04
|
$1.40
|
-1.05%
|
$1.54
|
-10.09%
|
|
|
|
Mt. Belvieu Butane LST
|
May-25
|
$0.920
|
$0.892
|
3.18%
|
$0.03
|
$0.89
|
3.55%
|
$0.87
|
5.60%
|
|
|
|
Far East Propane
|
May-25
|
$5.657
|
$5.699
|
-0.73%
|
-$0.04
|
$5.65
|
0.13%
|
$5.62
|
0.62%
|
|
|
|
Saudi Propane
|
May-25
|
$5.950
|
$5.960
|
-0.17%
|
-$0.01
|
$5.69
|
4.57%
|
$5.28
|
12.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/4/25
|
4/3/25
|
% Change
|
Change
|
3/7/25
|
% Change
|
4/5/24
|
% Change
|
|
|
|
WTI
|
May-25
|
$61.99
|
$66.95
|
-8.00%
|
-$4.96
|
$66.75
|
-7.13%
|
$76.94
|
-19.43%
|
|
|
|
Brent
|
May-25
|
$65.88
|
$70.50
|
-7.01%
|
-$4.62
|
$70.36
|
-6.36%
|
$82.07
|
-19.72%
|
|
|
|
WCS
|
May-25
|
-$9.82
|
-$10.06
|
-2.52%
|
$0.25
|
-$12.24
|
-19.76%
|
-$13.10
|
-25.05%
|
|
|
|
LLS
|
May-25
|
$65.29
|
$68.75
|
-5.30%
|
-$3.46
|
$69.27
|
-5.75%
|
$77.36
|
-15.61%
|
|
|
|
Mars
|
May-25
|
$64.97
|
$66.66
|
-2.60%
|
-$1.69
|
$67.32
|
-3.49%
|
$73.50
|
-11.61%
|
|
|
|
Sour
|
May-25
|
$65.46
|
$69.12
|
-5.59%
|
-$3.66
|
$66.75
|
-1.94%
|
$75.19
|
-12.95%
|
|
|
|
ESPO
|
May-25
|
$63.88
|
$68.50
|
-7.23%
|
-$4.62
|
$68.36
|
-6.55%
|
$80.07
|
-20.22%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/4/25
|
4/3/25
|
% Change
|
Change
|
3/7/25
|
% Change
|
4/5/24
|
% Change
|
|
|
|
NY Heating Oil
|
May-25
|
$2.07
|
$2.19
|
-5.39%
|
-$0.12
|
$2.22
|
-6.67%
|
$2.62
|
-20.84%
|
|
|
|
NY Gasoline
|
May-25
|
$2.04
|
$2.16
|
-5.83%
|
-$0.13
|
$2.12
|
-3.73%
|
$2.47
|
-17.40%
|
|
|
|
GC Gasoline
|
May-25
|
$1.94
|
$2.06
|
-6.11%
|
-$0.13
|
$2.02
|
-3.92%
|
$2.37
|
-18.13%
|
|
|
|
GC Jet
|
May-25
|
$1.97
|
$2.10
|
-6.13%
|
-$0.13
|
$2.03
|
-2.90%
|
$2.51
|
-21.45%
|
|
|
|
Chicago Ethanol
|
May-25
|
$1.79
|
$1.80
|
-0.83%
|
-$0.01
|
$1.73
|
3.47%
|
$1.65
|
8.75%
|
|
|
|
Rotterdam Gasoil
|
May-25
|
$677.52
|
$661.91
|
2.36%
|
$15.61
|
$637.98
|
6.20%
|
$746.42
|
-9.23%
|
|
|
|
Singapore Jet Kero
|
May-25
|
$81.97
|
$83.08
|
-1.33%
|
-$1.10
|
$84.21
|
-2.66%
|
$102.03
|
-19.66%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/4/25
|
4/3/25
|
% Change
|
Change
|
3/7/25
|
% Change
|
4/5/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
May-25
|
50.00%
|
49.85%
|
0.30%
|
0.15%
|
54.01%
|
-7.42%
|
37.13%
|
34.66%
|
|
|
|
Algonquin Straddle
|
May-25
|
0.00%
|
51.94%
|
-100.00%
|
-51.94%
|
57.07%
|
-100.00%
|
38.29%
|
-100.00%
|
|
|
|
Waha Straddle
|
May-25
|
0.00%
|
1638.06%
|
-100.00%
|
-1638.06%
|
163.80%
|
-100.00%
|
46.55%
|
-100.00%
|
|
|
|
Chicago Straddle
|
May-25
|
0.00%
|
52.64%
|
-100.00%
|
-52.64%
|
57.12%
|
-100.00%
|
38.75%
|
-100.00%
|
|
|
|
PJM West Straddle
|
May-25
|
44.20%
|
45.75%
|
-3.39%
|
-1.55%
|
40.30%
|
9.68%
|
34.18%
|
29.32%
|
|
|
|
SP – 15 Straddle
|
May-25
|
173.00%
|
166.34%
|
4.00%
|
6.66%
|
475.73%
|
-63.63%
|
112.32%
|
54.02%
|
|
|
|
Mid. C Straddle
|
May-25
|
26.97%
|
19.21%
|
40.40%
|
7.76%
|
38.80%
|
-30.49%
|
112.29%
|
-75.98%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/4/25
|
4/3/25
|
% Change
|
Change
|
3/7/25
|
% Change
|
4/5/24
|
% Change
|
|
|
|
Dutch TTF
|
May-25
|
EUR 36.54
|
EUR 39.56
|
-7.62%
|
-EUR 3.02
|
EUR 38.63
|
-5.42%
|
EUR 30.59
|
19.46%
|
|
|
|
NBP
|
May-25
|
GBP 89.53
|
GBP 96.32
|
-7.04%
|
-GBP 6.78
|
GBP 93.79
|
-4.54%
|
GBP 76.88
|
16.46%
|
|
|
|
German Base
|
May-25
|
EUR 63.28
|
EUR 65.41
|
-3.25%
|
-EUR 2.13
|
EUR 66.92
|
-5.43%
|
EUR 65.66
|
-3.62%
|
|
|
|
UK Base
|
May-25
|
GBP 74.38
|
GBP 76.03
|
-2.17%
|
-GBP 1.65
|
GBP 74.09
|
0.39%
|
GBP 67.26
|
10.59%
|
|
|
|
French Base
|
May-25
|
EUR 33.16
|
EUR 36.51
|
-9.18%
|
-EUR 3.35
|
EUR 43.83
|
-24.34%
|
EUR 53.10
|
-37.54%
|
|
|
|
Italian Base
|
May-25
|
EUR 98.67
|
EUR 105.96
|
-6.88%
|
-EUR 7.29
|
EUR 98.32
|
0.36%
|
EUR 83.82
|
17.72%
|
|
|
|
JKM LNG
|
May-25
|
$11.61
|
$12.75
|
-8.93%
|
-$1.14
|
$12.41
|
-6.42%
|
$10.45
|
11.06%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/4/25
|
4/3/25
|
% Change
|
Change
|
3/7/25
|
% Change
|
4/5/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
May-25
|
$36.54
|
$39.56
|
-7.62%
|
-$3.02
|
$38.63
|
-5.42%
|
$30.59
|
19.46%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
May-25
|
$89.53
|
$96.32
|
-7.04%
|
-$6.78
|
$93.79
|
-4.54%
|
$76.88
|
16.46%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
May-25
|
$63.28
|
$65.41
|
-3.25%
|
-$2.13
|
$66.92
|
-5.43%
|
$65.66
|
-3.62%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
May-25
|
$74.38
|
$76.03
|
-2.17%
|
-$1.65
|
$74.09
|
0.39%
|
$67.26
|
10.59%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
May-25
|
$33.16
|
$36.51
|
-9.18%
|
-$3.35
|
$43.83
|
-24.34%
|
$53.10
|
-37.54%
|
|
|
|
Supramax Timecharter (DRY)
|
May-25
|
$98.67
|
$105.96
|
-6.88%
|
-$7.29
|
$98.32
|
0.36%
|
$83.82
|
17.72%
|
|
|
|
Capesize Timecharter (DRY)
|
May-25
|
$11.61
|
$12.75
|
-8.93%
|
-$1.14
|
$12.41
|
-6.42%
|
$10.45
|
11.06%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
04/05/2025
|
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
|
-4
|
0
|
NA
|
NA
|
|
|
|
South Atlantic
|
39
|
26
|
23
|
125
|
3
|
19
|
2.00%
|
19.00%
|
|
|
|
E S Central
|
25
|
20
|
17
|
32
|
-2
|
22
|
NA
|
NA
|
|
|
|
W S Central
|
38
|
23
|
16
|
132
|
41
|
42
|
NA
|
NA
|
|
|
|
Mountain
|
0
|
-5
|
0
|
11
|
-7
|
11
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
-2
|
0
|
0
|
-9
|
0
|
NA
|
NA
|
|
|
|
United States
|
13
|
9
|
7
|
41
|
3
|
10
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
04/05/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
151
|
-17
|
-7
|
5,479
|
-321
|
462
|
-6.00%
|
9.00%
|
|
|
|
Middle Atlantic
|
104
|
-44
|
-39
|
4,803
|
-460
|
334
|
-9.00%
|
7.00%
|
|
|
|
E N Central
|
128
|
-24
|
-18
|
5,289
|
-517
|
436
|
-9.00%
|
9.00%
|
|
|
|
W N Central
|
159
|
12
|
20
|
5,586
|
-538
|
432
|
-9.00%
|
8.00%
|
|
|
|
South Atlantic
|
17
|
-42
|
-30
|
2,433
|
-215
|
124
|
-8.00%
|
5.00%
|
|
|
|
E S Central
|
22
|
-50
|
-28
|
2,976
|
-379
|
61
|
-11.00%
|
2.00%
|
|
|
|
W S Central
|
16
|
-21
|
-11
|
1,865
|
-336
|
-117
|
-15.00%
|
-6.00%
|
|
|
|
Mountain
|
153
|
33
|
29
|
4,218
|
-335
|
-29
|
-7.00%
|
-1.00%
|
|
|
|
Pacific
|
110
|
27
|
6
|
2,655
|
-75
|
64
|
-3.00%
|
2.00%
|
|
|
|
United States
|
87
|
-17
|
-13
|
3,719
|
-335
|
192
|
-8.00%
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
