|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 8:35 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$4.189
|
$4.007
|
4.54%
|
$0.182
|
105,547
|
|
|
|
WTI
|
$72.70
|
$71.85
|
1.18%
|
$0.85
|
11,852
|
|
|
|
Brent
|
$76.56
|
$75.84
|
0.95%
|
$0.72
|
11,942
|
|
|
|
ULSD
|
$2.472
|
$2.441
|
1.29%
|
$0.031
|
5,572
|
|
|
|
RBOB
|
$2.103
|
$2.087
|
0.76%
|
$0.016
|
3,201
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.92
|
$4.01
|
-2.24%
|
-$0.09
|
Apr-25
|
|
|
|
3:2:1 Crack
|
$26.74
|
$26.62
|
0.45%
|
$0.12
|
Mar-25
|
|
|
|
PJM West Spark
|
$38.90
|
$38.65
|
0.64%
|
$0.25
|
Mar-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
02/14/25
|
588
|
2
|
-33
|
02/17/24
|
|
|
|
Canada
|
02/14/25
|
245
|
-4
|
11
|
02/17/24
|
|
|
|
International
|
Jan
|
905
|
-4
|
-60
|
Jan
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 2/11/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
83,166
|
82,778
|
82,622
|
156
|
|
|
|
PJM West Off Peak
|
77,036
|
76,620
|
76,431
|
189
|
|
|
|
Natural Gas Henry Hub
|
330,894
|
320,221
|
317,466
|
2,755
|
|
|
|
WTI – Light Sweet Crude Futures
|
314,144
|
268,460
|
247,669
|
20,791
|
|
|
|
Brent Crude Last Day
|
175,923
|
166,743
|
169,136
|
-2,393
|
|
|
|
NYM Ethanol
|
37,952
|
36,844
|
37,566
|
-722
|
|
|
|
Mt Belvieu LDH Propane Swap
|
147,586
|
147,004
|
147,326
|
-322
|
|
|
|
RBOB
|
418,655
|
390,806
|
402,380
|
-11,574
|
|
|
|
HSC Basis
|
946,487
|
938,012
|
937,376
|
636
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
2/18/25
|
2/14/25
|
% Change
|
Change
|
1/17/25
|
% Change
|
2/16/24
|
% Change
|
|
|
|
PJM West On Peak
|
Mar-25
|
$47.79
|
$47.23
|
1.19%
|
$0.56
|
$45.39
|
5.29%
|
$43.57
|
9.68%
|
|
|
|
ERCOT North On Peak
|
Mar-25
|
$38.43
|
$42.01
|
-8.52%
|
-$3.58
|
$34.35
|
11.89%
|
$35.83
|
7.25%
|
|
|
|
CAISO SP 15 On Peak
|
Mar-25
|
$11.91
|
$10.72
|
11.14%
|
$1.19
|
$15.20
|
-21.62%
|
$36.98
|
-67.79%
|
|
|
|
MISO Indiana On Peak
|
Mar-25
|
$42.48
|
$41.91
|
1.34%
|
$0.56
|
$42.68
|
-0.47%
|
$42.92
|
-1.02%
|
|
|
|
NEISO Mass On Peak
|
Mar-25
|
$81.47
|
$72.67
|
12.11%
|
$8.80
|
$64.52
|
26.27%
|
$62.14
|
31.12%
|
|
|
|
WECC Mid C On Peak
|
Mar-25
|
$44.65
|
$44.54
|
0.23%
|
$0.10
|
$39.00
|
14.48%
|
$71.03
|
-37.15%
|
|
|
|
NYISO Zone G On Peak
|
Mar-25
|
$70.14
|
$62.23
|
12.71%
|
$7.91
|
$55.29
|
26.88%
|
$44.83
|
56.48%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/18/25
|
2/14/25
|
% Change
|
Change
|
1/17/25
|
% Change
|
2/16/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Mar-25
|
$4.007
|
$3.725
|
7.57%
|
$0.28
|
$3.48
|
15.18%
|
$3.05
|
31.59%
|
|
|
|
Houston Ship Channel
|
Mar-25
|
-$0.567
|
-$0.546
|
3.84%
|
-$0.02
|
-$0.28
|
101.85%
|
-$0.35
|
61.98%
|
|
|
|
Chicago
|
Mar-25
|
-$0.011
|
-$0.045
|
313.89%
|
$0.03
|
-$0.01
|
-24.48%
|
-$0.04
|
-74.04%
|
|
|
|
Waha
|
Mar-25
|
-$2.224
|
-$2.028
|
-9.68%
|
-$0.20
|
-$2.34
|
-5.09%
|
-$0.79
|
182.09%
|
|
|
|
Algonquin
|
Mar-25
|
$3.472
|
$3.085
|
12.53%
|
$0.39
|
$1.97
|
76.64%
|
$2.43
|
42.72%
|
|
|
|
Aeco
|
Mar-25
|
-$2.450
|
-$2.241
|
9.33%
|
-$0.21
|
-$2.20
|
11.38%
|
-$0.85
|
186.71%
|
|
|
|
Socal
|
Mar-25
|
-$0.492
|
-$0.447
|
10.09%
|
-$0.05
|
-$0.23
|
116.69%
|
$0.32
|
-255.83%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/18/25
|
2/14/25
|
% Change
|
Change
|
1/17/25
|
% Change
|
2/16/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Mar-25
|
$0.875
|
$0.878
|
-0.29%
|
$0.00
|
$0.91
|
-3.59%
|
$0.76
|
15.53%
|
|
|
|
Mt. Belvieu Propane non LST
|
Mar-25
|
$0.879
|
$0.881
|
-0.29%
|
$0.00
|
$0.93
|
-5.04%
|
$0.74
|
18.05%
|
|
|
|
Mt. Belview Ethane
|
Mar-25
|
$0.277
|
$0.265
|
4.66%
|
$0.01
|
$0.27
|
1.78%
|
$0.23
|
21.92%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Mar-25
|
$1.550
|
$1.533
|
1.14%
|
$0.02
|
$1.55
|
-0.09%
|
$1.44
|
7.68%
|
|
|
|
Mt. Belvieu Butane LST
|
Mar-25
|
$1.027
|
$1.016
|
1.10%
|
$0.01
|
$1.06
|
-3.34%
|
$0.88
|
16.54%
|
|
|
|
Far East Propane
|
Mar-25
|
$6.101
|
$6.020
|
1.35%
|
$0.08
|
$6.17
|
-1.11%
|
$5.66
|
7.88%
|
|
|
|
Saudi Propane
|
Mar-25
|
$6.070
|
$6.050
|
0.33%
|
$0.02
|
$6.31
|
-3.80%
|
$5.28
|
15.01%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/18/25
|
2/14/25
|
% Change
|
Change
|
1/17/25
|
% Change
|
2/16/24
|
% Change
|
|
|
|
WTI
|
Apr-25
|
$71.83
|
$70.71
|
1.56%
|
$1.12
|
$76.16
|
-5.69%
|
$72.39
|
-0.77%
|
|
|
|
Brent
|
Apr-25
|
$75.84
|
$74.74
|
1.45%
|
$1.10
|
$79.57
|
-4.69%
|
$77.30
|
-1.89%
|
|
|
|
WCS
|
Apr-25
|
-$13.70
|
-$13.75
|
-0.36%
|
$0.05
|
-$15.95
|
-14.10%
|
-$13.70
|
0.01%
|
|
|
|
LLS
|
Apr-25
|
$73.30
|
$73.59
|
-0.40%
|
-$0.29
|
$77.08
|
-4.90%
|
$74.31
|
-1.36%
|
|
|
|
Mars
|
Apr-25
|
$71.75
|
$71.94
|
-0.27%
|
-$0.19
|
$75.18
|
-4.56%
|
$70.90
|
1.19%
|
|
|
|
Sour
|
Apr-25
|
$70.79
|
$71.20
|
-0.58%
|
-$0.41
|
$76.38
|
-7.32%
|
$72.50
|
-2.35%
|
|
|
|
ESPO
|
Apr-25
|
$73.84
|
$72.74
|
1.49%
|
$1.10
|
$77.57
|
-4.81%
|
$75.30
|
-1.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/18/25
|
2/14/25
|
% Change
|
Change
|
1/17/25
|
% Change
|
2/16/24
|
% Change
|
|
|
|
NY Heating Oil
|
Mar-25
|
$2.43
|
$2.45
|
-0.69%
|
-$0.02
|
$2.57
|
-5.11%
|
$2.48
|
-2.05%
|
|
|
|
NY Gasoline
|
Mar-25
|
$2.10
|
$2.11
|
-0.47%
|
-$0.01
|
$2.14
|
-1.91%
|
$2.07
|
1.50%
|
|
|
|
GC Gasoline
|
Mar-25
|
$2.00
|
$2.01
|
-0.50%
|
-$0.01
|
$2.04
|
-2.01%
|
$1.97
|
1.57%
|
|
|
|
GC Jet
|
Mar-25
|
$2.24
|
$2.29
|
-2.09%
|
-$0.05
|
$2.47
|
-9.18%
|
$2.38
|
-5.87%
|
|
|
|
Chicago Ethanol
|
Mar-25
|
$1.85
|
$1.84
|
0.54%
|
$0.01
|
$1.76
|
4.93%
|
$1.47
|
26.07%
|
|
|
|
Rotterdam Gasoil
|
Mar-25
|
$677.82
|
$677.54
|
0.04%
|
$0.28
|
$694.24
|
-2.37%
|
$688.63
|
-1.57%
|
|
|
|
Singapore Jet Kero
|
Mar-25
|
$91.61
|
$90.85
|
0.83%
|
$0.75
|
$95.75
|
-4.33%
|
$94.04
|
-2.59%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/18/25
|
2/14/25
|
% Change
|
Change
|
1/17/25
|
% Change
|
2/16/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Apr-25
|
47.93%
|
50.43%
|
-4.96%
|
-2.50%
|
71.02%
|
-32.51%
|
41.18%
|
16.39%
|
|
|
|
Algonquin Straddle
|
Apr-25
|
39.99%
|
42.13%
|
-5.08%
|
-2.14%
|
63.46%
|
-36.98%
|
38.75%
|
3.20%
|
|
|
|
Waha Straddle
|
Apr-25
|
135.75%
|
144.74%
|
-6.21%
|
-8.99%
|
149.39%
|
-9.13%
|
52.44%
|
158.87%
|
|
|
|
Chicago Straddle
|
Apr-25
|
52.68%
|
53.96%
|
-2.37%
|
-1.28%
|
73.27%
|
-28.10%
|
41.43%
|
27.15%
|
|
|
|
PJM West Straddle
|
Apr-25
|
45.13%
|
38.44%
|
17.40%
|
6.69%
|
47.09%
|
-4.16%
|
34.03%
|
32.62%
|
|
|
|
SP – 15 Straddle
|
Apr-25
|
37.30%
|
37.16%
|
0.38%
|
0.14%
|
177.89%
|
-79.03%
|
56.01%
|
-33.40%
|
|
|
|
Mid. C Straddle
|
Apr-25
|
66.15%
|
67.87%
|
-2.53%
|
-1.72%
|
54.69%
|
20.95%
|
51.76%
|
27.80%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/18/25
|
2/14/25
|
% Change
|
Change
|
1/17/25
|
% Change
|
2/16/24
|
% Change
|
|
|
|
Dutch TTF
|
Apr-25
|
EUR 50.07
|
EUR 50.93
|
-1.70%
|
-EUR 0.86
|
EUR 47.42
|
5.58%
|
EUR 27.81
|
80.05%
|
|
|
|
NBP
|
Apr-25
|
GBP 119.45
|
GBP 122.54
|
-2.52%
|
-GBP 3.09
|
GBP 117.49
|
1.66%
|
GBP 71.70
|
66.60%
|
|
|
|
German Base
|
Apr-25
|
EUR 85.76
|
EUR 88.98
|
-3.63%
|
-EUR 3.23
|
EUR 85.12
|
0.75%
|
EUR 63.11
|
35.89%
|
|
|
|
UK Base
|
Apr-25
|
GBP 97.54
|
GBP 98.57
|
-1.04%
|
-GBP 1.03
|
GBP 87.35
|
11.67%
|
GBP 61.71
|
58.07%
|
|
|
|
French Base
|
Apr-25
|
EUR 64.41
|
EUR 68.85
|
-6.44%
|
-EUR 4.43
|
EUR 66.20
|
-2.70%
|
EUR 59.08
|
9.04%
|
|
|
|
Italian Base
|
Apr-25
|
EUR 121.80
|
EUR 130.61
|
-6.75%
|
-EUR 8.81
|
EUR 125.96
|
-3.30%
|
EUR 80.79
|
50.76%
|
|
|
|
JKM LNG
|
Apr-25
|
$14.29
|
$14.56
|
-1.85%
|
-$0.27
|
$13.90
|
2.80%
|
$10.20
|
40.16%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/18/25
|
2/14/25
|
% Change
|
Change
|
1/17/25
|
% Change
|
2/16/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-25
|
$50.07
|
$50.93
|
-1.70%
|
-$0.86
|
$47.42
|
5.58%
|
$27.81
|
80.05%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-25
|
$119.45
|
$122.54
|
-2.52%
|
-$3.09
|
$117.49
|
1.66%
|
$71.70
|
66.60%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-25
|
$85.76
|
$88.98
|
-3.63%
|
-$3.23
|
$85.12
|
0.75%
|
$63.11
|
35.89%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-25
|
$97.54
|
$98.57
|
-1.04%
|
-$1.03
|
$87.35
|
11.67%
|
$61.71
|
58.07%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-25
|
$64.41
|
$68.85
|
-6.44%
|
-$4.43
|
$66.20
|
-2.70%
|
$59.08
|
9.04%
|
|
|
|
Supramax Timecharter (DRY)
|
Apr-25
|
$121.80
|
$130.61
|
-6.75%
|
-$8.81
|
$125.96
|
-3.30%
|
$80.79
|
50.76%
|
|
|
|
Capesize Timecharter (DRY)
|
Apr-25
|
$14.29
|
$14.56
|
-1.85%
|
-$0.27
|
$13.90
|
2.80%
|
$10.20
|
40.16%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/15/2025
|
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
|
12
|
5
|
5
|
30
|
-19
|
7
|
NA
|
NA
|
|
|
|
E S Central
|
0
|
0
|
0
|
1
|
-7
|
1
|
NA
|
NA
|
|
|
|
W S Central
|
1
|
-3
|
-2
|
22
|
0
|
18
|
NA
|
NA
|
|
|
|
Mountain
|
0
|
-1
|
0
|
1
|
-2
|
1
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
0
|
0
|
0
|
-2
|
0
|
NA
|
NA
|
|
|
|
United States
|
2
|
1
|
1
|
8
|
-4
|
3
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/15/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
287
|
16
|
69
|
4,120
|
-177
|
415
|
-4.00%
|
11.00%
|
|
|
|
Middle Atlantic
|
250
|
-2
|
42
|
3,702
|
-195
|
263
|
-5.00%
|
8.00%
|
|
|
|
E N Central
|
299
|
27
|
101
|
3,996
|
-376
|
292
|
-9.00%
|
8.00%
|
|
|
|
W N Central
|
359
|
82
|
151
|
4,239
|
-459
|
324
|
-10.00%
|
8.00%
|
|
|
|
South Atlantic
|
111
|
-20
|
27
|
1,882
|
-133
|
100
|
-7.00%
|
6.00%
|
|
|
|
E S Central
|
142
|
-19
|
42
|
2,276
|
-312
|
-23
|
-12.00%
|
-1.00%
|
|
|
|
W S Central
|
112
|
4
|
34
|
1,439
|
-304
|
-196
|
-17.00%
|
-12.00%
|
|
|
|
Mountain
|
225
|
37
|
16
|
3,227
|
-287
|
16
|
-8.00%
|
0.00%
|
|
|
|
Pacific
|
152
|
41
|
15
|
1,955
|
-106
|
86
|
-5.00%
|
5.00%
|
|
|
|
United States
|
203
|
15
|
51
|
2,828
|
-242
|
137
|
-8.00%
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
