|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:07 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$4.251
|
$4.152
|
2.38%
|
$0.099
|
18,699
|
|
|
|
WTI
|
$71.91
|
$72.57
|
-0.91%
|
-$0.66
|
45,648
|
|
|
|
Brent
|
$75.94
|
$76.48
|
-0.71%
|
-$0.54
|
8,335
|
|
|
|
ULSD
|
$2.471
|
$2.503
|
-1.29%
|
-$0.032
|
2,828
|
|
|
|
RBOB
|
$2.073
|
$2.086
|
-0.63%
|
-$0.013
|
1,775
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$4.02
|
$4.00
|
0.50%
|
$0.02
|
Apr-25
|
|
|
|
3:2:1 Crack
|
$26.59
|
$26.78
|
-0.70%
|
-$0.19
|
Apr-25
|
|
|
|
PJM West Spark
|
$41.89
|
$44.22
|
-5.28%
|
-$2.33
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/14/20
|
|
|
|
|
|
2/14/25
|
2/7/25
|
Net Change
|
% Change
|
2/16/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
419
|
468
|
-49
|
-10.47%
|
505
|
-17.03%
|
466
|
-10.12%
|
|
|
|
Midwest
|
494
|
559
|
-65
|
-11.63%
|
631
|
-21.71%
|
561
|
-11.88%
|
|
|
|
Mountain
|
182
|
193
|
-11
|
-5.70%
|
173
|
5.20%
|
125
|
45.83%
|
|
|
|
Pacific
|
208
|
224
|
-16
|
-7.14%
|
217
|
-4.15%
|
183
|
13.41%
|
|
|
|
South
|
799
|
853
|
-54
|
-6.33%
|
944
|
-15.36%
|
811
|
-1.50%
|
|
|
|
Salt
|
214
|
229
|
-15
|
-6.55%
|
278
|
-23.02%
|
223
|
-4.04%
|
|
|
|
Non_Salt
|
585
|
624
|
-39
|
-6.25%
|
666
|
-12.16%
|
588
|
-0.58%
|
|
|
|
Total
|
2,101
|
2,297
|
-196
|
-8.53%
|
2,470
|
-14.94%
|
2,147
|
-2.12%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/20/25
|
2/19/25
|
% Change
|
Change
|
1/22/25
|
% Change
|
2/21/24
|
% Change
|
|
|
|
PJM West On Peak
|
Mar-25
|
$50.94
|
$53.11
|
-4.09%
|
-$2.17
|
$45.69
|
11.47%
|
$45.22
|
12.65%
|
|
|
|
ERCOT North On Peak
|
Mar-25
|
$42.02
|
$39.88
|
5.36%
|
$2.14
|
$38.23
|
9.92%
|
$38.36
|
9.53%
|
|
|
|
CAISO SP 15 On Peak
|
Mar-25
|
$16.27
|
$14.49
|
12.33%
|
$1.79
|
$14.38
|
13.19%
|
$38.33
|
-57.55%
|
|
|
|
MISO Indiana On Peak
|
Mar-25
|
$46.09
|
$47.14
|
-2.24%
|
-$1.06
|
$42.53
|
8.36%
|
$44.60
|
3.34%
|
|
|
|
NEISO Mass On Peak
|
Mar-25
|
$82.74
|
$89.24
|
-7.28%
|
-$6.50
|
$63.58
|
30.13%
|
$63.85
|
29.60%
|
|
|
|
WECC Mid C On Peak
|
Mar-25
|
$47.66
|
$49.25
|
-3.24%
|
-$1.59
|
$41.11
|
15.93%
|
$74.16
|
-35.74%
|
|
|
|
NYISO Zone G On Peak
|
Mar-25
|
$70.70
|
$76.56
|
-7.65%
|
-$5.86
|
$54.89
|
28.81%
|
$46.51
|
52.02%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/20/25
|
2/19/25
|
% Change
|
Change
|
1/22/25
|
% Change
|
2/21/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Mar-25
|
$4.152
|
$4.280
|
-2.99%
|
-$0.13
|
$3.51
|
18.43%
|
$3.16
|
31.48%
|
|
|
|
Houston Ship Channel
|
Mar-25
|
-$0.631
|
-$0.626
|
0.72%
|
$0.00
|
-$0.40
|
58.44%
|
-$0.34
|
84.71%
|
|
|
|
Chicago
|
Mar-25
|
-$0.010
|
-$0.010
|
6.19%
|
$0.00
|
-$0.06
|
-84.23%
|
-$0.09
|
-88.59%
|
|
|
|
Waha
|
Mar-25
|
-$2.891
|
-$2.927
|
-1.22%
|
$0.04
|
-$2.55
|
13.23%
|
-$0.77
|
276.71%
|
|
|
|
Algonquin
|
Mar-25
|
$4.198
|
$4.617
|
-9.07%
|
-$0.42
|
$2.21
|
90.17%
|
$2.27
|
84.86%
|
|
|
|
Aeco
|
Mar-25
|
-$2.767
|
-$2.750
|
0.61%
|
-$0.02
|
-$2.36
|
17.11%
|
-$0.78
|
255.86%
|
|
|
|
Socal
|
Mar-25
|
-$0.563
|
-$0.455
|
23.85%
|
-$0.11
|
-$0.25
|
125.76%
|
$0.21
|
-369.62%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/20/25
|
2/19/25
|
% Change
|
Change
|
1/22/25
|
% Change
|
2/21/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Mar-25
|
$0.880
|
$0.874
|
0.74%
|
$0.01
|
$0.87
|
0.59%
|
$0.73
|
21.36%
|
|
|
|
Mt. Belvieu Propane non LST
|
Mar-25
|
$0.886
|
$0.877
|
1.03%
|
$0.01
|
$0.88
|
0.75%
|
$0.73
|
21.85%
|
|
|
|
Mt. Belview Ethane
|
Mar-25
|
$0.275
|
$0.286
|
-3.73%
|
-$0.01
|
$0.27
|
3.87%
|
$0.24
|
15.85%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Mar-25
|
$1.566
|
$1.552
|
0.88%
|
$0.01
|
$1.54
|
1.51%
|
$1.41
|
10.81%
|
|
|
|
Mt. Belvieu Butane LST
|
Mar-25
|
$1.020
|
$1.023
|
-0.26%
|
$0.00
|
$1.03
|
-0.94%
|
$0.86
|
19.00%
|
|
|
|
Far East Propane
|
Mar-25
|
$6.110
|
$6.073
|
0.62%
|
$0.04
|
$6.13
|
-0.32%
|
$5.60
|
9.11%
|
|
|
|
Saudi Propane
|
Mar-25
|
$6.085
|
$6.095
|
-0.17%
|
-$0.01
|
$6.25
|
-2.64%
|
$5.24
|
16.20%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/20/25
|
2/19/25
|
% Change
|
Change
|
1/22/25
|
% Change
|
2/21/24
|
% Change
|
|
|
|
WTI
|
Apr-25
|
$72.48
|
$72.10
|
0.52%
|
$0.38
|
$74.69
|
-2.96%
|
$71.65
|
1.16%
|
|
|
|
Brent
|
Apr-25
|
$76.48
|
$76.04
|
0.58%
|
$0.44
|
$78.15
|
-2.14%
|
$76.53
|
-0.07%
|
|
|
|
WCS
|
Apr-25
|
-$13.75
|
-$13.75
|
0.00%
|
$0.00
|
-$13.85
|
-0.72%
|
-$14.55
|
-5.50%
|
|
|
|
LLS
|
Apr-25
|
$74.69
|
$74.94
|
-0.34%
|
-$0.26
|
$76.08
|
-1.83%
|
$73.34
|
1.84%
|
|
|
|
Mars
|
Apr-25
|
$73.13
|
$73.13
|
0.00%
|
$0.00
|
$74.23
|
-1.48%
|
$70.33
|
3.99%
|
|
|
|
Sour
|
Apr-25
|
$72.16
|
$72.16
|
0.00%
|
$0.00
|
$74.97
|
-3.75%
|
$71.89
|
0.38%
|
|
|
|
ESPO
|
Apr-25
|
$74.48
|
$74.04
|
0.59%
|
$0.44
|
$76.15
|
-2.19%
|
$74.53
|
-0.07%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/20/25
|
2/19/25
|
% Change
|
Change
|
1/22/25
|
% Change
|
2/21/24
|
% Change
|
|
|
|
NY Heating Oil
|
Mar-25
|
$2.50
|
$2.46
|
1.34%
|
$0.03
|
$2.43
|
2.84%
|
$2.45
|
1.79%
|
|
|
|
NY Gasoline
|
Mar-25
|
$2.08
|
$2.09
|
-0.38%
|
-$0.01
|
$2.12
|
-2.03%
|
$2.05
|
1.71%
|
|
|
|
GC Gasoline
|
Mar-25
|
$1.98
|
$1.99
|
-0.40%
|
-$0.01
|
$2.02
|
-2.13%
|
$1.95
|
1.80%
|
|
|
|
GC Jet
|
Mar-25
|
$2.28
|
$2.23
|
2.38%
|
$0.05
|
$2.28
|
0.09%
|
$2.37
|
-3.47%
|
|
|
|
Chicago Ethanol
|
Mar-25
|
$1.84
|
$1.84
|
0.27%
|
$0.00
|
$1.76
|
4.25%
|
$1.48
|
24.75%
|
|
|
|
Rotterdam Gasoil
|
Mar-25
|
$677.89
|
$682.38
|
-0.66%
|
-$4.49
|
$684.96
|
-1.03%
|
$702.42
|
-3.49%
|
|
|
|
Singapore Jet Kero
|
Mar-25
|
$91.90
|
$91.55
|
0.38%
|
$0.35
|
$92.32
|
-0.45%
|
$93.46
|
-1.67%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/20/25
|
2/19/25
|
% Change
|
Change
|
1/22/25
|
% Change
|
2/21/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Apr-25
|
60.66%
|
49.54%
|
22.45%
|
11.12%
|
53.47%
|
13.45%
|
38.16%
|
58.96%
|
|
|
|
Algonquin Straddle
|
Apr-25
|
56.24%
|
47.62%
|
18.10%
|
8.62%
|
43.58%
|
29.05%
|
33.58%
|
67.48%
|
|
|
|
Waha Straddle
|
Apr-25
|
153.88%
|
138.53%
|
11.08%
|
15.35%
|
136.32%
|
12.88%
|
49.23%
|
212.57%
|
|
|
|
Chicago Straddle
|
Apr-25
|
64.96%
|
53.14%
|
22.24%
|
11.82%
|
54.21%
|
19.83%
|
37.01%
|
75.52%
|
|
|
|
PJM West Straddle
|
Apr-25
|
43.64%
|
41.94%
|
4.05%
|
1.70%
|
47.73%
|
-8.57%
|
34.40%
|
26.86%
|
|
|
|
SP – 15 Straddle
|
Apr-25
|
517.93%
|
40.24%
|
1187.10%
|
477.69%
|
244.54%
|
111.80%
|
24.71%
|
1996.03%
|
|
|
|
Mid. C Straddle
|
Apr-25
|
84.26%
|
74.67%
|
12.84%
|
9.59%
|
39.02%
|
115.94%
|
53.70%
|
56.91%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/20/25
|
2/19/25
|
% Change
|
Change
|
1/22/25
|
% Change
|
2/21/24
|
% Change
|
|
|
|
Dutch TTF
|
Apr-25
|
EUR 47.66
|
EUR 47.22
|
0.94%
|
EUR 0.45
|
EUR 48.69
|
-2.11%
|
EUR 28.15
|
69.32%
|
|
|
|
NBP
|
Apr-25
|
GBP 113.40
|
GBP 112.51
|
0.79%
|
GBP 0.88
|
GBP 120.97
|
-6.26%
|
GBP 71.66
|
58.24%
|
|
|
|
German Base
|
Apr-25
|
EUR 81.07
|
EUR 81.78
|
-0.88%
|
-EUR 0.72
|
EUR 87.13
|
-6.96%
|
EUR 60.92
|
33.08%
|
|
|
|
UK Base
|
Apr-25
|
GBP 89.30
|
GBP 89.64
|
-0.38%
|
-GBP 0.34
|
GBP 91.80
|
-2.72%
|
GBP 61.22
|
45.88%
|
|
|
|
French Base
|
Apr-25
|
EUR 60.71
|
EUR 63.80
|
-4.85%
|
-EUR 3.09
|
EUR 69.09
|
-12.14%
|
EUR 55.59
|
9.20%
|
|
|
|
Italian Base
|
Apr-25
|
EUR 121.21
|
EUR 122.01
|
-0.66%
|
-EUR 0.81
|
EUR 126.29
|
-4.03%
|
EUR 80.55
|
50.48%
|
|
|
|
JKM LNG
|
Apr-25
|
$15.16
|
$14.89
|
1.79%
|
$0.27
|
$14.15
|
7.09%
|
$10.03
|
51.15%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/20/25
|
2/19/25
|
% Change
|
Change
|
1/22/25
|
% Change
|
2/21/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-25
|
$47.66
|
$47.22
|
0.94%
|
$0.45
|
$48.69
|
-2.11%
|
$28.15
|
69.32%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-25
|
$113.40
|
$112.51
|
0.79%
|
$0.88
|
$120.97
|
-6.26%
|
$71.66
|
58.24%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-25
|
$81.07
|
$81.78
|
-0.88%
|
-$0.72
|
$87.13
|
-6.96%
|
$60.92
|
33.08%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-25
|
$89.30
|
$89.64
|
-0.38%
|
-$0.34
|
$91.80
|
-2.72%
|
$61.22
|
45.88%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-25
|
$60.71
|
$63.80
|
-4.85%
|
-$3.09
|
$69.09
|
-12.14%
|
$55.59
|
9.20%
|
|
|
|
Supramax Timecharter (DRY)
|
Apr-25
|
$121.21
|
$122.01
|
-0.66%
|
-$0.81
|
$126.29
|
-4.03%
|
$80.55
|
50.48%
|
|
|
|
Capesize Timecharter (DRY)
|
Apr-25
|
$15.16
|
$14.89
|
1.79%
|
$0.27
|
$14.15
|
7.09%
|
$10.03
|
51.15%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
