|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:07 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.409
|
$3.309
|
3.02%
|
$0.100
|
25,019
|
|
|
|
WTI
|
$71.87
|
$71.00
|
1.23%
|
$0.87
|
51,130
|
|
|
|
Brent
|
$75.54
|
$74.66
|
1.18%
|
$0.88
|
8,632
|
|
|
|
ULSD
|
$2.463
|
$2.431
|
1.32%
|
$0.032
|
7,624
|
|
|
|
RBOB
|
$2.120
|
$2.105
|
0.71%
|
$0.015
|
4,499
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.90
|
$3.92
|
-0.51%
|
-$0.02
|
Apr-25
|
|
|
|
3:2:1 Crack
|
$27.44
|
$27.39
|
0.18%
|
$0.05
|
Mar-25
|
|
|
|
PJM West Spark
|
$39.31
|
$39.42
|
-0.27%
|
-$0.11
|
Mar-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
02/07/25
|
586
|
4
|
-37
|
02/10/24
|
|
|
|
Canada
|
02/07/25
|
249
|
-9
|
17
|
02/10/24
|
|
|
|
International
|
Jan
|
905
|
-4
|
-60
|
Jan
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 2/4/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
92,680
|
90,622
|
91,797
|
-1,175
|
|
|
|
PJM West Off Peak
|
82,692
|
81,483
|
81,679
|
-196
|
|
|
|
Natural Gas Henry Hub
|
327,593
|
316,920
|
314,165
|
2,755
|
|
|
|
WTI – Light Sweet Crude Futures
|
309,481
|
264,715
|
245,109
|
19,606
|
|
|
|
Brent Crude Last Day
|
169,204
|
160,242
|
162,601
|
-2,359
|
|
|
|
NYM Ethanol
|
36,657
|
35,783
|
36,285
|
-502
|
|
|
|
Mt Belvieu LDH Propane Swap
|
155,441
|
154,807
|
155,182
|
-375
|
|
|
|
RBOB
|
414,358
|
392,988
|
397,816
|
-4,828
|
|
|
|
HSC Basis
|
947,035
|
923,995
|
930,409
|
-6,414
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/31/20
|
|
|
|
|
|
1/31/25
|
1/24/25
|
Net Change
|
% Change
|
2/2/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
507
|
552
|
-45
|
-8.15%
|
568
|
-10.74%
|
542
|
-6.42%
|
|
|
|
Midwest
|
605
|
661
|
-56
|
-8.47%
|
689
|
-12.19%
|
655
|
-7.58%
|
|
|
|
Mountain
|
200
|
212
|
-12
|
-5.66%
|
183
|
9.29%
|
142
|
40.85%
|
|
|
|
Pacific
|
230
|
246
|
-16
|
-6.50%
|
228
|
0.88%
|
200
|
15.00%
|
|
|
|
South
|
854
|
901
|
-47
|
-5.22%
|
916
|
-6.77%
|
897
|
-4.81%
|
|
|
|
Salt
|
217
|
229
|
-12
|
-5.24%
|
257
|
-15.56%
|
255
|
-15.04%
|
|
|
|
Non_Salt
|
638
|
672
|
-34
|
-5.06%
|
659
|
-3.19%
|
642
|
-0.59%
|
|
|
|
Total
|
2,397
|
2,571
|
-174
|
-6.77%
|
2,584
|
-7.24%
|
2,436
|
-1.58%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/7/25
|
2/6/25
|
% Change
|
Change
|
1/9/25
|
% Change
|
2/8/24
|
% Change
|
|
|
|
PJM West On Peak
|
Mar-25
|
$46.63
|
$46.50
|
0.28%
|
$0.13
|
$43.20
|
7.94%
|
$44.84
|
3.98%
|
|
|
|
ERCOT North On Peak
|
Mar-25
|
$34.67
|
$36.49
|
-4.99%
|
-$1.82
|
$36.95
|
-6.18%
|
$40.14
|
-13.63%
|
|
|
|
CAISO SP 15 On Peak
|
Mar-25
|
$10.55
|
$11.00
|
-4.09%
|
-$0.45
|
$15.54
|
-32.12%
|
$42.60
|
-75.24%
|
|
|
|
MISO Indiana On Peak
|
Mar-25
|
$41.83
|
$41.94
|
-0.27%
|
-$0.11
|
$39.64
|
5.51%
|
$44.50
|
-6.00%
|
|
|
|
NEISO Mass On Peak
|
Mar-25
|
$80.01
|
$76.93
|
4.00%
|
$3.08
|
$63.38
|
26.23%
|
$63.59
|
25.81%
|
|
|
|
WECC Mid C On Peak
|
Mar-25
|
$44.67
|
$48.00
|
-6.94%
|
-$3.33
|
$36.00
|
24.08%
|
$77.29
|
-42.21%
|
|
|
|
NYISO Zone G On Peak
|
Mar-25
|
$66.43
|
$64.90
|
2.35%
|
$1.52
|
$55.35
|
20.01%
|
$46.72
|
42.17%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/7/25
|
2/6/25
|
% Change
|
Change
|
1/9/25
|
% Change
|
2/8/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Mar-25
|
$3.309
|
$3.408
|
-2.90%
|
-$0.10
|
$3.24
|
2.16%
|
$3.21
|
3.18%
|
|
|
|
Houston Ship Channel
|
Mar-25
|
-$0.505
|
-$0.507
|
-0.43%
|
$0.00
|
-$0.39
|
31.04%
|
-$0.33
|
54.03%
|
|
|
|
Chicago
|
Mar-25
|
-$0.085
|
-$0.122
|
43.18%
|
$0.04
|
-$0.07
|
30.37%
|
-$0.05
|
64.41%
|
|
|
|
Waha
|
Mar-25
|
-$1.976
|
-$2.138
|
-7.56%
|
$0.16
|
-$2.07
|
-4.75%
|
-$0.81
|
145.15%
|
|
|
|
Algonquin
|
Mar-25
|
$4.369
|
$3.050
|
43.23%
|
$1.32
|
$2.09
|
109.03%
|
$2.84
|
53.84%
|
|
|
|
Aeco
|
Mar-25
|
-$1.893
|
-$1.917
|
-1.23%
|
$0.02
|
-$1.83
|
3.67%
|
-$0.89
|
112.77%
|
|
|
|
Socal
|
Mar-25
|
-$0.165
|
-$0.170
|
-2.83%
|
$0.00
|
-$0.37
|
-55.00%
|
$0.21
|
-179.15%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/7/25
|
2/6/25
|
% Change
|
Change
|
1/9/25
|
% Change
|
2/8/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Mar-25
|
$0.880
|
$0.865
|
1.76%
|
$0.02
|
$0.82
|
7.06%
|
$0.75
|
18.04%
|
|
|
|
Mt. Belvieu Propane non LST
|
Mar-25
|
$0.880
|
$0.867
|
1.46%
|
$0.01
|
$0.84
|
5.24%
|
$0.74
|
18.68%
|
|
|
|
Mt. Belview Ethane
|
Mar-25
|
$0.244
|
$0.244
|
0.00%
|
$0.00
|
$0.26
|
-5.87%
|
$0.24
|
0.09%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Mar-25
|
$1.520
|
$1.515
|
0.33%
|
$0.01
|
$1.52
|
-0.10%
|
$1.41
|
7.48%
|
|
|
|
Mt. Belvieu Butane LST
|
Mar-25
|
$1.031
|
$1.035
|
-0.36%
|
$0.00
|
$0.99
|
3.81%
|
$0.88
|
17.32%
|
|
|
|
Far East Propane
|
Mar-25
|
$6.105
|
$6.100
|
0.08%
|
$0.01
|
$5.99
|
1.92%
|
$5.41
|
12.77%
|
|
|
|
Saudi Propane
|
Mar-25
|
$6.250
|
$6.270
|
-0.33%
|
-$0.02
|
$6.17
|
1.28%
|
$5.27
|
18.56%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/7/25
|
2/6/25
|
% Change
|
Change
|
1/9/25
|
% Change
|
2/8/24
|
% Change
|
|
|
|
WTI
|
Apr-25
|
$70.74
|
$70.37
|
0.52%
|
$0.37
|
$72.92
|
-2.99%
|
$71.48
|
-1.04%
|
|
|
|
Brent
|
Apr-25
|
$74.66
|
$74.29
|
0.50%
|
$0.37
|
$75.58
|
-1.22%
|
$76.27
|
-2.11%
|
|
|
|
WCS
|
Apr-25
|
-$13.80
|
-$14.10
|
-2.17%
|
$0.30
|
-$14.65
|
-5.80%
|
-$14.44
|
-4.42%
|
|
|
|
LLS
|
Apr-25
|
$72.47
|
$72.71
|
-0.33%
|
-$0.24
|
$73.86
|
-1.88%
|
$74.02
|
-2.09%
|
|
|
|
Mars
|
Apr-25
|
$70.67
|
$70.91
|
-0.34%
|
-$0.24
|
$71.41
|
-1.03%
|
$70.17
|
0.71%
|
|
|
|
Sour
|
Apr-25
|
$70.43
|
$70.78
|
-0.50%
|
-$0.35
|
$72.20
|
-2.46%
|
$71.67
|
-1.74%
|
|
|
|
ESPO
|
Apr-25
|
$72.66
|
$72.29
|
0.51%
|
$0.37
|
$73.58
|
-1.25%
|
$74.27
|
-2.17%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/7/25
|
2/6/25
|
% Change
|
Change
|
1/9/25
|
% Change
|
2/8/24
|
% Change
|
|
|
|
NY Heating Oil
|
Mar-25
|
$2.44
|
$2.40
|
1.37%
|
$0.03
|
$2.37
|
3.00%
|
$2.51
|
-2.91%
|
|
|
|
NY Gasoline
|
Mar-25
|
$2.11
|
$2.08
|
1.54%
|
$0.03
|
$2.06
|
2.28%
|
$2.09
|
1.01%
|
|
|
|
GC Gasoline
|
Mar-25
|
$2.01
|
$1.98
|
1.62%
|
$0.03
|
$1.96
|
2.40%
|
$1.99
|
1.06%
|
|
|
|
GC Jet
|
Mar-25
|
$2.27
|
$2.23
|
1.43%
|
$0.03
|
$2.18
|
4.09%
|
$2.35
|
-3.37%
|
|
|
|
Chicago Ethanol
|
Mar-25
|
$1.76
|
$1.76
|
-0.06%
|
$0.00
|
$1.65
|
6.48%
|
$1.58
|
10.99%
|
|
|
|
Rotterdam Gasoil
|
Mar-25
|
$673.25
|
$672.99
|
0.04%
|
$0.26
|
$670.38
|
0.43%
|
$691.22
|
-2.60%
|
|
|
|
Singapore Jet Kero
|
Mar-25
|
$90.46
|
$89.60
|
0.96%
|
$0.86
|
$89.92
|
0.60%
|
$94.39
|
-4.16%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/7/25
|
2/6/25
|
% Change
|
Change
|
1/9/25
|
% Change
|
2/8/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Mar-25
|
65.75%
|
63.10%
|
4.20%
|
2.65%
|
60.67%
|
8.37%
|
44.04%
|
49.30%
|
|
|
|
Algonquin Straddle
|
Mar-25
|
114.60%
|
92.67%
|
23.66%
|
21.93%
|
98.46%
|
16.39%
|
63.67%
|
79.99%
|
|
|
|
Waha Straddle
|
Mar-25
|
158.12%
|
146.04%
|
8.27%
|
12.08%
|
144.64%
|
9.32%
|
48.22%
|
227.91%
|
|
|
|
Chicago Straddle
|
Mar-25
|
72.65%
|
68.37%
|
6.26%
|
4.28%
|
67.52%
|
7.60%
|
45.47%
|
59.78%
|
|
|
|
PJM West Straddle
|
Mar-25
|
53.51%
|
57.48%
|
-6.91%
|
-3.97%
|
57.13%
|
-6.34%
|
35.85%
|
49.26%
|
|
|
|
SP – 15 Straddle
|
Mar-25
|
509.11%
|
452.69%
|
12.46%
|
56.42%
|
245.79%
|
107.13%
|
17.55%
|
2800.91%
|
|
|
|
Mid. C Straddle
|
Mar-25
|
76.34%
|
83.61%
|
-8.70%
|
-7.27%
|
22.26%
|
242.95%
|
45.49%
|
67.82%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/7/25
|
2/6/25
|
% Change
|
Change
|
1/9/25
|
% Change
|
2/8/24
|
% Change
|
|
|
|
Dutch TTF
|
Mar-25
|
EUR 55.98
|
EUR 54.19
|
3.30%
|
EUR 1.79
|
EUR 45.29
|
23.61%
|
EUR 32.13
|
74.24%
|
|
|
|
NBP
|
Mar-25
|
GBP 136.16
|
GBP 132.10
|
3.07%
|
GBP 4.05
|
GBP 112.53
|
21.00%
|
GBP 82.90
|
64.24%
|
|
|
|
German Base
|
Mar-25
|
EUR 108.37
|
EUR 106.57
|
1.69%
|
EUR 1.80
|
EUR 87.68
|
23.60%
|
EUR 82.13
|
31.95%
|
|
|
|
UK Base
|
Mar-25
|
GBP 109.30
|
GBP 110.13
|
-0.76%
|
-GBP 0.83
|
GBP 88.42
|
23.62%
|
GBP 75.84
|
44.12%
|
|
|
|
French Base
|
Mar-25
|
EUR 91.57
|
EUR 94.18
|
-2.77%
|
-EUR 2.60
|
EUR 75.30
|
21.61%
|
EUR 86.00
|
6.48%
|
|
|
|
Italian Base
|
Mar-25
|
EUR 149.22
|
EUR 146.74
|
1.69%
|
EUR 2.48
|
EUR 124.50
|
19.86%
|
EUR 99.11
|
50.56%
|
|
|
|
JKM LNG
|
Mar-25
|
$14.96
|
$15.08
|
-0.79%
|
-$0.12
|
$13.44
|
11.32%
|
$11.65
|
28.45%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/7/25
|
2/6/25
|
% Change
|
Change
|
1/9/25
|
% Change
|
2/8/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Mar-25
|
$55.98
|
$54.19
|
3.30%
|
$1.79
|
$45.29
|
23.61%
|
$32.13
|
74.24%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Mar-25
|
$136.16
|
$132.10
|
3.07%
|
$4.05
|
$112.53
|
21.00%
|
$82.90
|
64.24%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Mar-25
|
$108.37
|
$106.57
|
1.69%
|
$1.80
|
$87.68
|
23.60%
|
$82.13
|
31.95%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Mar-25
|
$109.30
|
$110.13
|
-0.76%
|
-$0.83
|
$88.42
|
23.62%
|
$75.84
|
44.12%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Mar-25
|
$91.57
|
$94.18
|
-2.77%
|
-$2.60
|
$75.30
|
21.61%
|
$86.00
|
6.48%
|
|
|
|
Supramax Timecharter (DRY)
|
Mar-25
|
$149.22
|
$146.74
|
1.69%
|
$2.48
|
$124.50
|
19.86%
|
$99.11
|
50.56%
|
|
|
|
Capesize Timecharter (DRY)
|
Mar-25
|
$14.96
|
$15.08
|
-0.79%
|
-$0.12
|
$13.44
|
11.32%
|
$11.65
|
28.45%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/08/2025
|
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
|
0
|
0
|
NA
|
NA
|
|
|
|
W N Central
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
South Atlantic
|
10
|
3
|
8
|
18
|
-24
|
2
|
NA
|
NA
|
|
|
|
E S Central
|
1
|
1
|
1
|
1
|
-7
|
1
|
NA
|
NA
|
|
|
|
W S Central
|
19
|
15
|
19
|
21
|
3
|
20
|
NA
|
NA
|
|
|
|
Mountain
|
1
|
0
|
1
|
1
|
-1
|
1
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
0
|
0
|
0
|
-2
|
0
|
NA
|
NA
|
|
|
|
United States
|
4
|
3
|
4
|
6
|
-5
|
3
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/08/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
291
|
13
|
58
|
3,833
|
-194
|
346
|
-5.00%
|
10.00%
|
|
|
|
Middle Atlantic
|
250
|
-9
|
31
|
3,452
|
-193
|
221
|
-5.00%
|
7.00%
|
|
|
|
E N Central
|
248
|
-36
|
49
|
3,697
|
-402
|
191
|
-10.00%
|
5.00%
|
|
|
|
W N Central
|
263
|
-30
|
93
|
3,880
|
-541
|
173
|
-12.00%
|
5.00%
|
|
|
|
South Atlantic
|
84
|
-54
|
-36
|
1,771
|
-114
|
73
|
-6.00%
|
4.00%
|
|
|
|
E S Central
|
71
|
-101
|
-48
|
2,135
|
-293
|
-65
|
-12.00%
|
-3.00%
|
|
|
|
W S Central
|
38
|
-81
|
-31
|
1,327
|
-308
|
-231
|
-19.00%
|
-15.00%
|
|
|
|
Mountain
|
148
|
-50
|
-37
|
3,002
|
-324
|
-1
|
-10.00%
|
0.00%
|
|
|
|
Pacific
|
125
|
9
|
-17
|
1,804
|
-146
|
71
|
-7.00%
|
4.00%
|
|
|
|
United States
|
161
|
-36
|
4
|
2,625
|
-257
|
86
|
-9.00%
|
3.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
