|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:46 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$4.140
|
$4.280
|
-3.27%
|
-$0.140
|
49,331
|
|
|
|
WTI
|
$72.47
|
$72.25
|
0.30%
|
$0.22
|
1,570
|
|
|
|
Brent
|
$76.40
|
$76.04
|
0.47%
|
$0.36
|
10,811
|
|
|
|
ULSD
|
$2.485
|
$2.457
|
1.18%
|
$0.029
|
5,419
|
|
|
|
RBOB
|
$2.090
|
$2.086
|
0.19%
|
$0.004
|
2,454
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.97
|
$3.94
|
0.76%
|
$0.03
|
Apr-25
|
|
|
|
3:2:1 Crack
|
$26.72
|
$26.56
|
0.62%
|
$0.16
|
Mar-25
|
|
|
|
PJM West Spark
|
$44.30
|
$38.63
|
14.68%
|
$5.67
|
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
|
2/19/25
|
2/18/25
|
% Change
|
Change
|
1/21/25
|
% Change
|
2/20/24
|
% Change
|
|
|
|
PJM West On Peak
|
Mar-25
|
$53.11
|
$47.79
|
11.13%
|
$5.32
|
$44.10
|
20.42%
|
$43.56
|
21.91%
|
|
|
|
ERCOT North On Peak
|
Mar-25
|
$39.88
|
$38.43
|
3.78%
|
$1.45
|
$30.99
|
28.69%
|
$36.99
|
7.82%
|
|
|
|
CAISO SP 15 On Peak
|
Mar-25
|
$14.49
|
$11.91
|
21.64%
|
$2.58
|
$14.28
|
1.44%
|
$38.64
|
-62.50%
|
|
|
|
MISO Indiana On Peak
|
Mar-25
|
$47.14
|
$42.48
|
10.98%
|
$4.66
|
$41.17
|
14.52%
|
$42.92
|
9.85%
|
|
|
|
NEISO Mass On Peak
|
Mar-25
|
$89.24
|
$81.47
|
9.53%
|
$7.77
|
$61.19
|
45.85%
|
$61.07
|
46.12%
|
|
|
|
WECC Mid C On Peak
|
Mar-25
|
$49.25
|
$44.65
|
10.31%
|
$4.60
|
$37.86
|
30.08%
|
$73.42
|
-32.92%
|
|
|
|
NYISO Zone G On Peak
|
Mar-25
|
$76.56
|
$70.14
|
9.15%
|
$6.42
|
$53.25
|
43.77%
|
$44.81
|
70.87%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/19/25
|
2/18/25
|
% Change
|
Change
|
1/21/25
|
% Change
|
2/20/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Mar-25
|
$4.280
|
$4.007
|
6.81%
|
$0.27
|
$3.34
|
28.03%
|
$3.03
|
41.11%
|
|
|
|
Houston Ship Channel
|
Mar-25
|
-$0.626
|
-$0.567
|
10.35%
|
-$0.06
|
-$0.32
|
98.38%
|
-$0.35
|
80.74%
|
|
|
|
Chicago
|
Mar-25
|
-$0.010
|
-$0.011
|
4.85%
|
$0.00
|
-$0.04
|
-72.89%
|
-$0.05
|
-81.27%
|
|
|
|
Waha
|
Mar-25
|
-$2.927
|
-$2.224
|
-31.60%
|
-$0.70
|
-$2.36
|
24.25%
|
-$0.78
|
273.07%
|
|
|
|
Algonquin
|
Mar-25
|
$4.617
|
$3.472
|
32.99%
|
$1.15
|
$2.07
|
123.46%
|
$2.41
|
91.52%
|
|
|
|
Aeco
|
Mar-25
|
-$2.750
|
-$2.450
|
12.27%
|
-$0.30
|
-$2.24
|
22.90%
|
-$0.85
|
222.63%
|
|
|
|
Socal
|
Mar-25
|
-$0.455
|
-$0.492
|
-7.54%
|
$0.04
|
-$0.23
|
95.78%
|
$0.28
|
-263.32%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/19/25
|
2/18/25
|
% Change
|
Change
|
1/21/25
|
% Change
|
2/20/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Mar-25
|
$0.874
|
$0.875
|
-0.15%
|
$0.00
|
$0.88
|
-0.20%
|
$0.74
|
18.23%
|
|
|
|
Mt. Belvieu Propane non LST
|
Mar-25
|
$0.877
|
$0.879
|
-0.14%
|
$0.00
|
$0.89
|
-1.20%
|
$0.74
|
18.40%
|
|
|
|
Mt. Belview Ethane
|
Mar-25
|
$0.286
|
$0.277
|
3.12%
|
$0.01
|
$0.26
|
7.94%
|
$0.23
|
24.39%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Mar-25
|
$1.552
|
$1.550
|
0.16%
|
$0.00
|
$1.54
|
0.52%
|
$1.39
|
12.00%
|
|
|
|
Mt. Belvieu Butane LST
|
Mar-25
|
$1.023
|
$1.027
|
-0.48%
|
$0.00
|
$1.04
|
-1.60%
|
$0.87
|
17.83%
|
|
|
|
Far East Propane
|
Mar-25
|
$6.073
|
$6.101
|
-0.47%
|
-$0.03
|
$6.13
|
-1.01%
|
$5.58
|
8.75%
|
|
|
|
Saudi Propane
|
Mar-25
|
$6.095
|
$6.070
|
0.41%
|
$0.02
|
$6.26
|
-2.63%
|
$5.22
|
16.86%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/19/25
|
2/18/25
|
% Change
|
Change
|
1/21/25
|
% Change
|
2/20/24
|
% Change
|
|
|
|
WTI
|
Apr-25
|
$72.10
|
$71.83
|
0.37%
|
$0.27
|
$75.00
|
-3.87%
|
$71.37
|
1.02%
|
|
|
|
Brent
|
Apr-25
|
$76.04
|
$75.84
|
0.26%
|
$0.20
|
$78.40
|
-3.01%
|
$76.26
|
-0.29%
|
|
|
|
WCS
|
Apr-25
|
-$13.75
|
-$13.70
|
0.37%
|
-$0.05
|
-$15.45
|
-11.00%
|
-$15.12
|
-9.06%
|
|
|
|
LLS
|
Apr-25
|
$74.94
|
$73.30
|
2.20%
|
$1.65
|
$76.87
|
-2.51%
|
$73.89
|
1.43%
|
|
|
|
Mars
|
Apr-25
|
$73.13
|
$71.75
|
1.89%
|
$1.38
|
$75.17
|
-2.72%
|
$70.36
|
3.93%
|
|
|
|
Sour
|
Apr-25
|
$72.16
|
$70.79
|
1.90%
|
$1.37
|
$76.09
|
-5.17%
|
$70.98
|
1.66%
|
|
|
|
ESPO
|
Apr-25
|
$74.04
|
$73.84
|
0.27%
|
$0.20
|
$76.40
|
-3.09%
|
$74.26
|
-0.30%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/19/25
|
2/18/25
|
% Change
|
Change
|
1/21/25
|
% Change
|
2/20/24
|
% Change
|
|
|
|
NY Heating Oil
|
Mar-25
|
$2.46
|
$2.43
|
1.19%
|
$0.03
|
$2.49
|
-1.16%
|
$2.43
|
1.19%
|
|
|
|
NY Gasoline
|
Mar-25
|
$2.09
|
$2.10
|
-0.57%
|
-$0.01
|
$2.13
|
-1.97%
|
$2.06
|
1.16%
|
|
|
|
GC Gasoline
|
Mar-25
|
$1.99
|
$2.00
|
-0.60%
|
-$0.01
|
$2.03
|
-2.07%
|
$1.96
|
1.22%
|
|
|
|
GC Jet
|
Mar-25
|
$2.23
|
$2.24
|
-0.67%
|
-$0.01
|
$2.36
|
-5.55%
|
$2.28
|
-2.06%
|
|
|
|
Chicago Ethanol
|
Mar-25
|
$1.84
|
$1.85
|
-0.92%
|
-$0.02
|
$1.76
|
4.08%
|
$1.48
|
23.65%
|
|
|
|
Rotterdam Gasoil
|
Mar-25
|
$682.38
|
$677.82
|
0.67%
|
$4.56
|
$690.75
|
-1.21%
|
$698.16
|
-2.26%
|
|
|
|
Singapore Jet Kero
|
Mar-25
|
$91.55
|
$91.61
|
-0.06%
|
-$0.06
|
$94.81
|
-3.44%
|
$95.49
|
-4.13%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/19/25
|
2/18/25
|
% Change
|
Change
|
1/21/25
|
% Change
|
2/20/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Apr-25
|
49.54%
|
47.93%
|
3.36%
|
1.61%
|
65.78%
|
-24.69%
|
41.27%
|
20.04%
|
|
|
|
Algonquin Straddle
|
Apr-25
|
47.62%
|
39.99%
|
19.08%
|
7.63%
|
57.57%
|
-17.28%
|
38.93%
|
22.32%
|
|
|
|
Waha Straddle
|
Apr-25
|
138.53%
|
135.75%
|
2.05%
|
2.78%
|
154.21%
|
-10.17%
|
51.01%
|
171.57%
|
|
|
|
Chicago Straddle
|
Apr-25
|
53.14%
|
52.68%
|
0.87%
|
0.46%
|
68.60%
|
-22.54%
|
40.81%
|
30.21%
|
|
|
|
PJM West Straddle
|
Apr-25
|
41.94%
|
45.13%
|
-7.07%
|
-3.19%
|
48.34%
|
-13.24%
|
33.92%
|
23.64%
|
|
|
|
SP – 15 Straddle
|
Apr-25
|
40.24%
|
37.30%
|
7.88%
|
2.94%
|
212.56%
|
-81.07%
|
57.60%
|
-30.14%
|
|
|
|
Mid. C Straddle
|
Apr-25
|
74.67%
|
66.15%
|
12.88%
|
8.52%
|
37.22%
|
100.62%
|
51.85%
|
44.01%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/19/25
|
2/18/25
|
% Change
|
Change
|
1/21/25
|
% Change
|
2/20/24
|
% Change
|
|
|
|
Dutch TTF
|
Apr-25
|
EUR 47.22
|
EUR 50.07
|
-5.69%
|
-EUR 2.85
|
EUR 49.67
|
-4.94%
|
EUR 28.00
|
68.63%
|
|
|
|
NBP
|
Apr-25
|
GBP 112.51
|
GBP 119.45
|
-5.80%
|
-GBP 6.93
|
GBP 123.76
|
-9.09%
|
GBP 71.01
|
58.45%
|
|
|
|
German Base
|
Apr-25
|
EUR 81.78
|
EUR 85.76
|
-4.63%
|
-EUR 3.97
|
EUR 88.48
|
-7.56%
|
EUR 61.26
|
33.50%
|
|
|
|
UK Base
|
Apr-25
|
GBP 89.64
|
GBP 97.54
|
-8.10%
|
-GBP 7.90
|
GBP 88.50
|
1.29%
|
GBP 58.59
|
53.00%
|
|
|
|
French Base
|
Apr-25
|
EUR 63.80
|
EUR 64.41
|
-0.95%
|
-EUR 0.62
|
EUR 67.03
|
-4.82%
|
EUR 58.05
|
9.90%
|
|
|
|
Italian Base
|
Apr-25
|
EUR 122.01
|
EUR 121.80
|
0.17%
|
EUR 0.21
|
EUR 125.80
|
-3.01%
|
EUR 79.48
|
53.51%
|
|
|
|
JKM LNG
|
Apr-25
|
$14.89
|
$14.29
|
4.18%
|
$0.60
|
$14.55
|
2.34%
|
$10.09
|
47.55%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/19/25
|
2/18/25
|
% Change
|
Change
|
1/21/25
|
% Change
|
2/20/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-25
|
$47.22
|
$50.07
|
-5.69%
|
-$2.85
|
$49.67
|
-4.94%
|
$28.00
|
68.63%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-25
|
$112.51
|
$119.45
|
-5.80%
|
-$6.93
|
$123.76
|
-9.09%
|
$71.01
|
58.45%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-25
|
$81.78
|
$85.76
|
-4.63%
|
-$3.97
|
$88.48
|
-7.56%
|
$61.26
|
33.50%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-25
|
$89.64
|
$97.54
|
-8.10%
|
-$7.90
|
$88.50
|
1.29%
|
$58.59
|
53.00%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-25
|
$63.80
|
$64.41
|
-0.95%
|
-$0.62
|
$67.03
|
-4.82%
|
$58.05
|
9.90%
|
|
|
|
Supramax Timecharter (DRY)
|
Apr-25
|
$122.01
|
$121.80
|
0.17%
|
$0.21
|
$125.80
|
-3.01%
|
$79.48
|
53.51%
|
|
|
|
Capesize Timecharter (DRY)
|
Apr-25
|
$14.89
|
$14.29
|
4.18%
|
$0.60
|
$14.55
|
2.34%
|
$10.09
|
47.55%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
