Prices as of 7:07 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.753

$3.628

3.45%

$0.125

25,997

 

 

WTI

$71.86

$71.29

0.80%

$0.57

45,986

 

 

Brent

$75.72

$75.02

0.93%

$0.70

11,659

 

 

ULSD

$2.474

$2.449

1.04%

$0.025

4,339

 

 

RBOB

$2.121

$2.111

0.50%

$0.011

4,666

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.94

$3.88

1.55%

$0.06

Apr-25

 

 

3:2:1 Crack

$27.59

$27.47

0.41%

$0.11

Mar-25

 

 

PJM West Spark

$40.73

$40.63

0.26%

$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

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

02/07/20

 

 

 

2/7/25

1/31/25

Net Change

% Change

2/9/24

% Change

5 Year Avg.

% Change

 

 

East

468

507

-39

-7.69%

536

-12.69%

505

-7.25%

 

 

Midwest

559

605

-46

-7.60%

662

-15.56%

608

-8.12%

 

 

Mountain

193

200

-7

-3.50%

178

8.43%

134

44.25%

 

 

Pacific

224

230

-6

-2.61%

222

0.90%

193

15.82%

 

 

South

853

854

-1

-0.12%

936

-8.87%

857

-0.47%

 

 

    Salt

229

217

12

5.53%

271

-15.50%

242

-5.22%

 

 

    Non_Salt

624

638

-14

-2.19%

665

-6.17%

616

1.36%

 

 

Total

2,297

2,397

-100

-4.17%

2,535

-9.39%

2,297

-0.02%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/13/25

2/12/25

% Change

Change

1/15/25

% Change

2/14/24

% Change

 

 

PJM West On Peak

Mar-25

$48.76

$48.39

0.76%

$0.37

$46.27

5.37%

$43.64

11.74%

 

 

ERCOT North On Peak

Mar-25

$39.48

$35.68

10.67%

$3.81

$38.55

2.43%

$37.24

6.02%

 

 

CAISO SP 15 On Peak

Mar-25

$10.47

$10.25

2.18%

$0.22

$16.08

-34.87%

$40.40

-74.08%

 

 

MISO Indiana On Peak

Mar-25

$43.19

$42.96

0.52%

$0.22

$43.10

0.19%

$43.09

0.21%

 

 

NEISO Mass On Peak

Mar-25

$71.90

$86.38

-16.76%

-$14.48

$65.24

10.22%

$59.15

21.56%

 

 

WECC Mid C On Peak

Mar-25

$43.71

$42.75

2.25%

$0.96

$44.09

-0.86%

$74.17

-41.06%

 

 

NYISO Zone G On Peak

Mar-25

$60.67

$71.92

-15.65%

-$11.26

$56.21

7.93%

$44.96

34.93%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/13/25

2/12/25

% Change

Change

1/15/25

% Change

2/14/24

% Change

 

 

NYMEX Henry Hub

Mar-25

$3.628

$3.565

1.77%

$0.06

$3.57

1.77%

$3.09

17.53%

 

 

Houston Ship Channel

Mar-25

-$0.641

-$0.664

-3.39%

$0.02

-$0.28

128.96%

-$0.34

91.37%

 

 

Chicago

Mar-25

-$0.071

-$0.068

-3.93%

$0.00

-$0.01

812.82%

-$0.05

49.27%

 

 

Waha

Mar-25

-$1.964

-$1.922

-2.17%

-$0.04

-$2.18

-9.79%

-$0.78

150.49%

 

 

Algonquin

Mar-25

$3.788

$4.501

-15.83%

-$0.71

$2.19

73.08%

$2.76

37.49%

 

 

Aeco

Mar-25

-$2.208

-$2.122

4.05%

-$0.09

-$2.12

3.93%

-$0.88

150.43%

 

 

Socal

Mar-25

-$0.430

-$0.377

13.94%

-$0.05

-$0.25

74.51%

$0.29

-250.56%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/13/25

2/12/25

% Change

Change

1/15/25

% Change

2/14/24

% Change

 

 

Mt. Belvieu Propane LST

Mar-25

$0.877

$0.882

-0.55%

$0.00

$0.91

-3.82%

$0.75

16.36%

 

 

Mt. Belvieu Propane non LST

Mar-25

$0.884

$0.883

0.03%

$0.00

$0.91

-2.91%

$0.77

15.24%

 

 

Mt. Belview Ethane

Mar-25

$0.262

$0.256

2.43%

$0.01

$0.27

-2.85%

$0.23

12.87%

 

 

Mt. Belview Nat. Gasoline

Mar-25

$1.525

$1.528

-0.17%

$0.00

$1.59

-4.05%

$1.41

8.32%

 

 

Mt. Belvieu Butane LST

Mar-25

$1.026

$1.040

-1.33%

-$0.01

$1.06

-3.31%

$0.89

14.86%

 

 

Far East Propane

Mar-25

$6.050

$6.069

-0.32%

-$0.02

$6.25

-3.23%

$5.67

6.74%

 

 

Saudi Propane

Mar-25

$6.030

$6.080

-0.81%

-$0.05

$6.32

-4.61%

$5.40

11.63%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/13/25

2/12/25

% Change

Change

1/15/25

% Change

2/14/24

% Change

 

 

WTI

Apr-25

$71.14

$71.24

-0.14%

-$0.10

$77.24

-7.90%

$71.45

-0.43%

 

 

Brent

Apr-25

$75.02

$75.18

-0.21%

-$0.16

$80.66

-6.99%

$76.37

-1.77%

 

 

WCS

Apr-25

-$13.90

-$13.45

3.24%

-$0.45

-$15.85

-12.30%

-$13.77

0.98%

 

 

LLS

Apr-25

$73.74

$75.35

-2.19%

-$1.62

$76.30

-3.36%

$73.96

-0.30%

 

 

Mars

Apr-25

$72.09

$73.60

-2.10%

-$1.52

$74.45

-3.17%

$70.77

1.86%

 

 

Sour

Apr-25

$71.31

$73.13

-2.56%

-$1.83

$75.21

-5.19%

$72.30

-1.37%

 

 

ESPO

Apr-25

$73.02

$73.18

-0.22%

-$0.16

$78.66

-7.17%

$74.37

-1.82%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/13/25

2/12/25

% Change

Change

1/15/25

% Change

2/14/24

% Change

 

 

NY Heating Oil

Mar-25

$2.45

$2.45

-0.04%

$0.00

$2.52

-2.70%

$2.47

-0.85%

 

 

NY Gasoline

Mar-25

$2.09

$2.36

-11.40%

-$0.27

$2.20

-4.87%

$2.10

-0.48%

 

 

GC Gasoline

Mar-25

$1.99

$2.26

-11.91%

-$0.27

$2.10

-5.10%

$2.00

-0.50%

 

 

GC Jet

Mar-25

$2.25

$2.30

-1.96%

-$0.05

$2.40

-6.41%

$2.31

-2.39%

 

 

Chicago Ethanol

Mar-25

$1.80

$1.79

0.73%

$0.01

$1.76

2.73%

$1.53

17.97%

 

 

Rotterdam Gasoil

Mar-25

$666.61

$678.42

-1.74%

-$11.81

$702.40

-5.10%

$709.36

-6.03%

 

 

Singapore Jet Kero

Mar-25

$90.29

$91.71

-1.54%

-$1.41

$93.94

-3.88%

$96.62

-6.55%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/13/25

2/12/25

% Change

Change

1/15/25

% Change

2/14/24

% Change

 

 

Henry Hub Straddle

Apr-25

50.35%

52.39%

-3.89%

-2.04%

57.44%

-12.34%

42.31%

19.00%

 

 

Algonquin Straddle

Apr-25

46.13%

48.42%

-4.73%

-2.29%

50.76%

-9.12%

37.96%

21.52%

 

 

Waha Straddle

Apr-25

156.04%

145.18%

7.48%

10.86%

141.55%

10.24%

51.12%

205.24%

 

 

Chicago Straddle

Apr-25

53.60%

55.97%

-4.23%

-2.37%

64.17%

-16.47%

41.79%

28.26%

 

 

PJM West Straddle

Apr-25

38.74%

41.14%

-5.83%

-2.40%

48.63%

-20.34%

32.89%

17.79%

 

 

SP – 15 Straddle

Apr-25

68.67%

67.93%

1.09%

0.74%

180.45%

-61.95%

23.09%

197.40%

 

 

Mid. C Straddle

Apr-25

60.02%

56.11%

6.97%

3.91%

42.45%

41.39%

51.65%

16.21%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/13/25

2/12/25

% Change

Change

1/15/25

% Change

2/14/24

% Change

 

 

Dutch TTF

Apr-25

EUR 51.00

EUR 56.02

-8.96%

-EUR 5.02

EUR 47.15

8.17%

EUR 27.99

82.21%

 

 

NBP

Apr-25

GBP 123.24

GBP 135.51

-9.06%

-GBP 12.27

GBP 116.79

5.52%

GBP 71.57

72.19%

 

 

German Base

Apr-25

EUR 88.46

EUR 94.74

-6.63%

-EUR 6.28

EUR 84.41

4.80%

EUR 62.64

41.22%

 

 

UK Base

Apr-25

GBP 97.87

GBP 107.10

-8.61%

-GBP 9.23

GBP 89.70

9.11%

GBP 60.68

61.28%

 

 

French Base

Apr-25

EUR 64.34

EUR 72.53

-11.29%

-EUR 8.19

EUR 64.69

-0.54%

EUR 58.37

10.23%

 

 

Italian Base

Apr-25

EUR 129.68

EUR 140.60

-7.77%

-EUR 10.92

EUR 124.64

4.05%

EUR 81.65

58.82%

 

 

JKM LNG

Apr-25

$13.97

$14.38

-2.80%

-$0.40

$14.05

-0.56%

$10.94

27.75%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

2/13/25

2/12/25

% Change

Change

1/15/25

% Change

2/14/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Apr-25

$51.00

$56.02

-8.96%

-$5.02

$47.15

8.17%

$27.99

82.21%

 

 

USGC-UK Continent Dirty (WET)

Apr-25

$123.24

$135.51

-9.06%

-$12.27

$116.79

5.52%

$71.57

72.19%

 

 

TD20 West Africa to UK Continent (WET)

Apr-25

$88.46

$94.74

-6.63%

-$6.28

$84.41

4.80%

$62.64

41.22%

 

 

LPG FFA Middle East Gulf to East (WET)

Apr-25

$97.87

$107.10

-8.61%

-$9.23

$89.70

9.11%

$60.68

61.28%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Apr-25

$64.34

$72.53

-11.29%

-$8.19

$64.69

-0.54%

$58.37

10.23%

 

 

Supramax Timecharter (DRY)

Apr-25

$129.68

$140.60

-7.77%

-$10.92

$124.64

4.05%

$81.65

58.82%

 

 

Capesize Timecharter (DRY)

Apr-25

$13.97

$14.38

-2.80%

-$0.40

$14.05

-0.56%

$10.94

27.75%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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