|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:50 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.392
|
$3.465
|
-2.11%
|
-$0.073
|
57,497
|
|
|
|
WTI
|
$56.03
|
$59.58
|
-5.96%
|
-$3.55
|
188,433
|
|
|
|
Brent
|
$59.23
|
$62.82
|
-5.71%
|
-$3.59
|
51,088
|
|
|
|
ULSD
|
$1.960
|
$2.057
|
-4.72%
|
-$0.097
|
13,045
|
|
|
|
RBOB
|
$1.901
|
$1.991
|
-4.54%
|
-$0.090
|
10,740
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.67
|
$3.72
|
-1.34%
|
-$0.05
|
Jun-25
|
|
|
|
3:2:1 Crack
|
$24.01
|
$24.40
|
-1.61%
|
-$0.39
|
May-25
|
|
|
|
PJM West Spark
|
$42.69
|
$43.77
|
-2.48%
|
-$1.08
|
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
|
4/8/25
|
4/7/25
|
% Change
|
Change
|
3/11/25
|
% Change
|
4/9/24
|
% Change
|
|
|
|
PJM West On Peak
|
May-25
|
$49.85
|
$51.19
|
-2.62%
|
-$1.34
|
$59.17
|
-15.75%
|
$47.90
|
4.07%
|
|
|
|
ERCOT North On Peak
|
May-25
|
$43.35
|
$50.05
|
-13.37%
|
-$6.69
|
$54.03
|
-19.75%
|
$40.93
|
5.93%
|
|
|
|
CAISO SP 15 On Peak
|
May-25
|
$5.10
|
$5.22
|
-2.26%
|
-$0.12
|
$10.99
|
-53.59%
|
$16.86
|
-69.76%
|
|
|
|
MISO Indiana On Peak
|
May-25
|
$43.17
|
$47.46
|
-9.04%
|
-$4.29
|
$54.67
|
-21.03%
|
$47.45
|
-9.01%
|
|
|
|
NEISO Mass On Peak
|
May-25
|
$43.94
|
$50.03
|
-12.18%
|
-$6.09
|
$52.39
|
-16.13%
|
$41.49
|
5.90%
|
|
|
|
WECC Mid C On Peak
|
May-25
|
$17.65
|
$15.76
|
12.00%
|
$1.89
|
$31.99
|
-44.83%
|
$37.66
|
-53.14%
|
|
|
|
NYISO Zone G On Peak
|
May-25
|
$45.41
|
$46.53
|
-2.39%
|
-$1.11
|
$52.88
|
-14.12%
|
$44.63
|
1.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/8/25
|
4/7/25
|
% Change
|
Change
|
3/11/25
|
% Change
|
4/9/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
May-25
|
$3.465
|
$3.655
|
-5.20%
|
-$0.19
|
$4.50
|
-23.07%
|
$3.07
|
13.01%
|
|
|
|
Houston Ship Channel
|
May-25
|
-$0.418
|
-$0.446
|
-6.30%
|
$0.03
|
-$0.58
|
-27.64%
|
-$0.29
|
41.94%
|
|
|
|
Chicago
|
May-25
|
-$0.428
|
-$0.438
|
2.31%
|
$0.01
|
-$0.50
|
-14.91%
|
-$0.19
|
123.32%
|
|
|
|
Waha
|
May-25
|
-$2.459
|
-$2.463
|
-0.16%
|
$0.00
|
-$3.53
|
-30.31%
|
-$1.16
|
111.96%
|
|
|
|
Algonquin
|
May-25
|
-$0.551
|
-$0.637
|
13.49%
|
$0.09
|
-$0.44
|
26.63%
|
-$0.12
|
353.58%
|
|
|
|
Aeco
|
May-25
|
-$1.860
|
-$2.006
|
-7.29%
|
$0.15
|
-$3.06
|
-39.18%
|
-$0.92
|
102.91%
|
|
|
|
Socal
|
May-25
|
-$1.479
|
-$1.654
|
-10.62%
|
$0.18
|
-$1.13
|
31.27%
|
-$0.34
|
337.97%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/8/25
|
4/7/25
|
% Change
|
Change
|
3/11/25
|
% Change
|
4/9/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
May-25
|
$0.633
|
$0.683
|
-7.32%
|
-$0.05
|
$0.78
|
-18.90%
|
$0.73
|
-13.12%
|
|
|
|
Mt. Belvieu Propane non LST
|
May-25
|
$0.640
|
$0.681
|
-5.99%
|
-$0.04
|
$0.78
|
-18.42%
|
$0.72
|
-11.49%
|
|
|
|
Mt. Belview Ethane
|
May-25
|
$0.260
|
$0.275
|
-5.47%
|
-$0.02
|
$0.31
|
-14.79%
|
$0.24
|
6.08%
|
|
|
|
Mt. Belview Nat. Gasoline
|
May-25
|
$1.240
|
$1.272
|
-2.56%
|
-$0.03
|
$1.39
|
-10.85%
|
$1.51
|
-17.90%
|
|
|
|
Mt. Belvieu Butane LST
|
May-25
|
$0.803
|
$0.806
|
-0.45%
|
$0.00
|
$0.89
|
-9.69%
|
$0.84
|
-4.92%
|
|
|
|
Far East Propane
|
May-25
|
$4.621
|
$4.722
|
-2.13%
|
-$0.10
|
$5.66
|
-18.36%
|
$5.55
|
-16.75%
|
|
|
|
Saudi Propane
|
May-25
|
$5.720
|
$5.694
|
0.46%
|
$0.03
|
$5.67
|
0.88%
|
$5.34
|
7.09%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/8/25
|
4/7/25
|
% Change
|
Change
|
3/11/25
|
% Change
|
4/9/24
|
% Change
|
|
|
|
WTI
|
May-25
|
$59.58
|
$60.70
|
-1.88%
|
-$1.12
|
$65.93
|
-9.63%
|
$76.15
|
-21.76%
|
|
|
|
Brent
|
May-25
|
$64.40
|
$64.40
|
0.00%
|
$0.00
|
$69.56
|
-7.42%
|
$81.19
|
-20.68%
|
|
|
|
WCS
|
May-25
|
-$9.65
|
-$9.73
|
-0.83%
|
$0.08
|
-$11.04
|
-12.62%
|
-$13.10
|
-26.34%
|
|
|
|
LLS
|
May-25
|
$59.85
|
$62.93
|
-5.15%
|
-$3.08
|
$68.44
|
-12.55%
|
$77.36
|
-22.63%
|
|
|
|
Mars
|
May-25
|
$59.61
|
$61.15
|
-2.59%
|
-$1.54
|
$66.76
|
-10.72%
|
$73.50
|
-18.90%
|
|
|
|
Sour
|
May-25
|
$61.31
|
$63.61
|
-3.75%
|
-$2.30
|
$66.18
|
-7.37%
|
$75.19
|
-18.47%
|
|
|
|
ESPO
|
May-25
|
$62.40
|
$62.40
|
0.00%
|
$0.00
|
$67.56
|
-7.64%
|
$79.19
|
-21.21%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/8/25
|
4/7/25
|
% Change
|
Change
|
3/11/25
|
% Change
|
4/9/24
|
% Change
|
|
|
|
NY Heating Oil
|
May-25
|
$2.09
|
$2.08
|
0.72%
|
$0.02
|
$2.17
|
-3.64%
|
$2.55
|
-18.13%
|
|
|
|
NY Gasoline
|
May-25
|
$1.97
|
$2.05
|
-3.90%
|
-$0.08
|
$2.10
|
-6.28%
|
$2.43
|
-18.84%
|
|
|
|
GC Gasoline
|
May-25
|
$1.87
|
$1.95
|
-4.10%
|
-$0.08
|
$2.00
|
-6.60%
|
$2.33
|
-19.65%
|
|
|
|
GC Jet
|
May-25
|
$1.93
|
$1.86
|
3.71%
|
$0.07
|
$2.00
|
-3.50%
|
$2.42
|
-20.41%
|
|
|
|
Chicago Ethanol
|
May-25
|
$1.79
|
$1.79
|
0.06%
|
$0.00
|
$1.77
|
1.30%
|
$1.66
|
8.21%
|
|
|
|
Rotterdam Gasoil
|
May-25
|
$591.97
|
$597.64
|
-0.95%
|
-$5.67
|
$635.47
|
-6.85%
|
$749.25
|
-20.99%
|
|
|
|
Singapore Jet Kero
|
May-25
|
$80.12
|
$80.26
|
-0.18%
|
-$0.15
|
$83.50
|
-4.05%
|
$100.35
|
-20.16%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/8/25
|
4/7/25
|
% Change
|
Change
|
3/11/25
|
% Change
|
4/9/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
May-25
|
64.95%
|
61.52%
|
5.58%
|
3.43%
|
61.11%
|
6.28%
|
36.71%
|
76.93%
|
|
|
|
Algonquin Straddle
|
May-25
|
64.87%
|
65.99%
|
-1.70%
|
-1.12%
|
63.07%
|
2.85%
|
38.30%
|
69.37%
|
|
|
|
Waha Straddle
|
May-25
|
1871.31%
|
1920.85%
|
-2.58%
|
-49.54%
|
208.61%
|
797.04%
|
44.41%
|
4113.71%
|
|
|
|
Chicago Straddle
|
May-25
|
67.79%
|
61.68%
|
9.91%
|
6.11%
|
63.42%
|
6.89%
|
37.62%
|
80.20%
|
|
|
|
PJM West Straddle
|
May-25
|
47.69%
|
47.37%
|
0.68%
|
0.32%
|
38.52%
|
23.81%
|
36.35%
|
31.20%
|
|
|
|
SP – 15 Straddle
|
May-25
|
320.48%
|
31.55%
|
915.78%
|
288.93%
|
487.05%
|
-34.20%
|
122.36%
|
161.92%
|
|
|
|
Mid. C Straddle
|
May-25
|
43.76%
|
40.01%
|
9.37%
|
3.75%
|
42.30%
|
3.45%
|
96.06%
|
-54.45%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/8/25
|
4/7/25
|
% Change
|
Change
|
3/11/25
|
% Change
|
4/9/24
|
% Change
|
|
|
|
Dutch TTF
|
May-25
|
EUR 35.55
|
EUR 35.86
|
-0.88%
|
-EUR 0.32
|
EUR 43.39
|
-18.07%
|
EUR 31.66
|
12.28%
|
|
|
|
NBP
|
May-25
|
GBP 87.47
|
GBP 87.94
|
-0.53%
|
-GBP 0.46
|
GBP 105.58
|
-17.15%
|
GBP 79.41
|
10.16%
|
|
|
|
German Base
|
May-25
|
EUR 61.90
|
EUR 62.36
|
-0.74%
|
-EUR 0.46
|
EUR 69.36
|
-10.76%
|
EUR 69.07
|
-10.38%
|
|
|
|
UK Base
|
May-25
|
GBP 71.64
|
GBP 71.40
|
0.34%
|
GBP 0.24
|
GBP 83.08
|
-13.78%
|
GBP 68.68
|
4.30%
|
|
|
|
French Base
|
May-25
|
EUR 31.52
|
EUR 33.50
|
-5.88%
|
-EUR 1.97
|
EUR 44.05
|
-28.44%
|
EUR 52.30
|
-39.73%
|
|
|
|
Italian Base
|
May-25
|
EUR 98.68
|
EUR 102.17
|
-3.42%
|
-EUR 3.49
|
EUR 105.06
|
-6.07%
|
EUR 85.89
|
14.90%
|
|
|
|
JKM LNG
|
May-25
|
$12.41
|
$12.31
|
0.86%
|
$0.11
|
$13.89
|
-10.59%
|
$11.03
|
12.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/8/25
|
4/7/25
|
% Change
|
Change
|
3/11/25
|
% Change
|
4/9/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
May-25
|
$35.55
|
$35.86
|
-0.88%
|
-$0.32
|
$43.39
|
-18.07%
|
$31.66
|
12.28%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
May-25
|
$87.47
|
$87.94
|
-0.53%
|
-$0.46
|
$105.58
|
-17.15%
|
$79.41
|
10.16%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
May-25
|
$61.90
|
$62.36
|
-0.74%
|
-$0.46
|
$69.36
|
-10.76%
|
$69.07
|
-10.38%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
May-25
|
$71.64
|
$71.40
|
0.34%
|
$0.24
|
$83.08
|
-13.78%
|
$68.68
|
4.30%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
May-25
|
$31.52
|
$33.50
|
-5.88%
|
-$1.97
|
$44.05
|
-28.44%
|
$52.30
|
-39.73%
|
|
|
|
Supramax Timecharter (DRY)
|
May-25
|
$98.68
|
$102.17
|
-3.42%
|
-$3.49
|
$105.06
|
-6.07%
|
$85.89
|
14.90%
|
|
|
|
Capesize Timecharter (DRY)
|
May-25
|
$12.41
|
$12.31
|
0.86%
|
$0.11
|
$13.89
|
-10.59%
|
$11.03
|
12.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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|
