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Prices as of 8:15 AM CST
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Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
Natural Gas
|
$3.921
|
$4.234
|
-7.39%
|
-$0.313
|
22,385
|
|
|
WTI
|
$70.23
|
$70.40
|
-0.24%
|
-$0.17
|
55,965
|
|
|
Brent
|
$74.30
|
$74.43
|
-0.17%
|
-$0.13
|
5,379
|
|
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ULSD
|
$2.422
|
$2.432
|
-0.42%
|
-$0.010
|
2,571
|
|
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RBOB
|
$2.026
|
$2.027
|
-0.02%
|
$0.000
|
1,806
|
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Spreads
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Current
|
Previous
|
% Change
|
Change
|
Contract
|
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|
WTI-Brent
|
$4.04
|
$4.03
|
0.25%
|
$0.01
|
Apr-25
|
|
|
3:2:1 Crack
|
$26.33
|
$26.33
|
-0.01%
|
$0.00
|
Apr-25
|
|
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PJM West Spark
|
$44.05
|
$41.88
|
5.18%
|
$2.17
|
Mar-25
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Baker Hughes Rig Count
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Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
U.S.
|
02/21/25
|
592
|
4
|
-34
|
02/24/24
|
|
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Canada
|
02/21/25
|
244
|
-1
|
13
|
02/24/24
|
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International
|
Jan
|
905
|
-4
|
-60
|
Jan
|
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CFTC Net Positions
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As of 2/18/2025
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Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
PJM West On Peak
|
91,246
|
90,887
|
90,710
|
177
|
|
|
PJM West Off Peak
|
84,289
|
83,867
|
83,684
|
183
|
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Natural Gas Henry Hub
|
350,495
|
339,581
|
336,977
|
2,604
|
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WTI – Light Sweet Crude Futures
|
318,607
|
272,664
|
252,655
|
20,009
|
|
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Brent Crude Last Day
|
179,547
|
172,412
|
174,378
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-1,966
|
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NYM Ethanol
|
39,120
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37,983
|
38,595
|
-612
|
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Mt Belvieu LDH Propane Swap
|
150,022
|
149,444
|
149,830
|
-386
|
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RBOB
|
428,477
|
404,532
|
411,799
|
-7,267
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HSC Basis
|
957,742
|
950,580
|
945,711
|
4,869
|
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EIA Short Term Energy Outlook
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|
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|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
|
Brent
|
$82.00
|
$81.00
|
$74.00
|
$66.00
|
|
|
Gasoline
|
$3.50
|
$3.30
|
$3.20
|
$3.00
|
|
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Crude Oil Production
|
$12.90
|
$13.20
|
$13.50
|
$13.60
|
|
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Natural Gas Spot
|
$2.50
|
$2.20
|
$3.10
|
$4.00
|
|
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LNG Exports
|
12.00
|
12.00
|
14.00
|
16.00
|
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Electrical Generation %
|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
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Natural gas
|
42.00%
|
43.00%
|
41.00%
|
40.00%
|
|
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Coal
|
17.00%
|
16.00%
|
15.00%
|
15.00%
|
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|
Renewables
|
22.00%
|
23.00%
|
25.00%
|
27.00%
|
|
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Nuclear
|
19.00%
|
19.00%
|
19.00%
|
19.00%
|
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Short Term Energy Outlook
|

|

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|

|

|
|

|

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EIA Lower 48 Natural Gas Storage
|
|
|
|
|
|
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|
|
|
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|
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%
|
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Midwest
|
494
|
559
|
-65
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-11.63%
|
631
|
-21.71%
|
561
|
-11.88%
|
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Mountain
|
182
|
193
|
-11
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-5.70%
|
173
|
5.20%
|
125
|
45.83%
|
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Pacific
|
208
|
224
|
-16
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-7.14%
|
217
|
-4.15%
|
183
|
13.41%
|
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South
|
799
|
853
|
-54
|
-6.33%
|
944
|
-15.36%
|
811
|
-1.50%
|
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Salt
|
214
|
229
|
-15
|
-6.55%
|
278
|
-23.02%
|
223
|
-4.04%
|
|
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Non_Salt
|
585
|
624
|
-39
|
-6.25%
|
666
|
-12.16%
|
588
|
-0.58%
|
|
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Total
|
2,101
|
2,297
|
-196
|
-8.53%
|
2,470
|
-14.94%
|
2,147
|
-2.12%
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Power Generation Additions/Retirements
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Front Month Prices
|
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Electricity
|
|
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|
OTCGH/EOXLive Market Data
|
|
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|
Contract
|
2/21/25
|
2/20/25
|
% Change
|
Change
|
1/23/25
|
% Change
|
2/22/24
|
% Change
|
|
|
PJM West On Peak
|
Mar-25
|
$52.50
|
$50.94
|
3.08%
|
$1.57
|
$46.02
|
14.09%
|
$45.89
|
14.40%
|
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ERCOT North On Peak
|
Mar-25
|
$38.49
|
$42.02
|
-8.41%
|
-$3.53
|
$37.57
|
2.45%
|
$38.10
|
1.01%
|
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CAISO SP 15 On Peak
|
Mar-25
|
$16.44
|
$16.27
|
1.03%
|
$0.17
|
$14.84
|
10.79%
|
$37.17
|
-55.77%
|
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MISO Indiana On Peak
|
Mar-25
|
$47.50
|
$46.09
|
3.06%
|
$1.41
|
$42.82
|
10.93%
|
$45.23
|
5.00%
|
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NEISO Mass On Peak
|
Mar-25
|
$87.88
|
$82.74
|
6.21%
|
$5.14
|
$68.16
|
28.94%
|
$62.83
|
39.87%
|
|
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WECC Mid C On Peak
|
Mar-25
|
$49.47
|
$47.66
|
3.80%
|
$1.81
|
$41.00
|
20.65%
|
$73.48
|
-32.68%
|
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NYISO Zone G On Peak
|
Mar-25
|
$74.68
|
$70.70
|
5.62%
|
$3.97
|
$59.61
|
25.28%
|
$47.16
|
58.34%
|
|
|
|
|
|
|
|
|
|
|
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Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/21/25
|
2/20/25
|
% Change
|
Change
|
1/23/25
|
% Change
|
2/22/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Mar-25
|
$4.234
|
$4.152
|
1.97%
|
$0.08
|
$3.47
|
22.16%
|
$3.19
|
32.60%
|
|
|
Houston Ship Channel
|
Mar-25
|
-$0.663
|
-$0.631
|
5.11%
|
-$0.03
|
-$0.39
|
71.84%
|
-$0.35
|
88.40%
|
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Chicago
|
Mar-25
|
-$0.079
|
-$0.010
|
-87.72%
|
-$0.07
|
-$0.07
|
6.61%
|
-$0.07
|
17.91%
|
|
|
Waha
|
Mar-25
|
-$2.886
|
-$2.891
|
-0.17%
|
$0.00
|
-$2.60
|
10.96%
|
-$0.79
|
264.57%
|
|
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Algonquin
|
Mar-25
|
$4.173
|
$4.198
|
-0.59%
|
-$0.02
|
$2.03
|
105.35%
|
$2.46
|
69.75%
|
|
|
Aeco
|
Mar-25
|
-$2.789
|
-$2.767
|
0.79%
|
-$0.02
|
-$2.25
|
24.20%
|
-$0.88
|
216.00%
|
|
|
Socal
|
Mar-25
|
-$0.561
|
-$0.563
|
-0.46%
|
$0.00
|
-$0.25
|
124.36%
|
$0.30
|
-288.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/21/25
|
2/20/25
|
% Change
|
Change
|
1/23/25
|
% Change
|
2/22/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Mar-25
|
$0.874
|
$0.880
|
-0.74%
|
-$0.01
|
$0.87
|
0.72%
|
$0.74
|
18.83%
|
|
|
Mt. Belvieu Propane non LST
|
Mar-25
|
$0.874
|
$0.886
|
-1.45%
|
-$0.01
|
$0.88
|
-0.40%
|
$0.74
|
18.22%
|
|
|
Mt. Belview Ethane
|
Mar-25
|
$0.284
|
$0.275
|
3.00%
|
$0.01
|
$0.27
|
5.52%
|
$0.24
|
17.32%
|
|
|
Mt. Belview Nat. Gasoline
|
Mar-25
|
$1.521
|
$1.566
|
-2.86%
|
-$0.04
|
$1.53
|
-0.88%
|
$1.43
|
6.35%
|
|
|
Mt. Belvieu Butane LST
|
Mar-25
|
$1.004
|
$1.020
|
-1.58%
|
-$0.02
|
$1.04
|
-3.75%
|
$0.87
|
15.92%
|
|
|
Far East Propane
|
Mar-25
|
$6.039
|
$6.110
|
-1.16%
|
-$0.07
|
$6.12
|
-1.28%
|
$5.66
|
6.78%
|
|
|
Saudi Propane
|
Mar-25
|
$6.060
|
$6.085
|
-0.41%
|
-$0.03
|
$6.26
|
-3.20%
|
$5.32
|
14.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/21/25
|
2/20/25
|
% Change
|
Change
|
1/23/25
|
% Change
|
2/22/24
|
% Change
|
|
|
WTI
|
Apr-25
|
$70.40
|
$72.48
|
-2.95%
|
-$2.08
|
$74.02
|
-4.89%
|
$72.05
|
-2.29%
|
|
|
Brent
|
Apr-25
|
$74.43
|
$76.48
|
-2.75%
|
-$2.05
|
$77.56
|
-4.04%
|
$76.93
|
-3.25%
|
|
|
WCS
|
Apr-25
|
-$12.90
|
-$13.75
|
-6.60%
|
$0.85
|
-$13.50
|
-4.44%
|
-$14.64
|
-11.91%
|
|
|
LLS
|
Apr-25
|
$73.63
|
$74.69
|
-1.43%
|
-$1.06
|
$75.93
|
-3.02%
|
$74.27
|
-0.86%
|
|
|
Mars
|
Apr-25
|
$71.30
|
$73.13
|
-2.57%
|
-$1.83
|
$74.08
|
-3.75%
|
$70.37
|
1.31%
|
|
|
Sour
|
Apr-25
|
$70.38
|
$72.16
|
-2.53%
|
-$1.78
|
$74.68
|
-5.77%
|
$71.76
|
-1.92%
|
|
|
ESPO
|
Apr-25
|
$72.43
|
$74.48
|
-2.83%
|
-$2.05
|
$75.56
|
-4.14%
|
$74.93
|
-3.34%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/21/25
|
2/20/25
|
% Change
|
Change
|
1/23/25
|
% Change
|
2/22/24
|
% Change
|
|
|
NY Heating Oil
|
Mar-25
|
$2.44
|
$2.50
|
-2.40%
|
-$0.06
|
$2.42
|
0.79%
|
$2.47
|
-1.22%
|
|
|
NY Gasoline
|
Mar-25
|
$2.03
|
$2.08
|
-2.45%
|
-$0.05
|
$2.11
|
-3.84%
|
$2.06
|
-1.46%
|
|
|
GC Gasoline
|
Mar-25
|
$1.93
|
$1.98
|
-2.58%
|
-$0.05
|
$2.01
|
-4.03%
|
$1.96
|
-1.53%
|
|
|
GC Jet
|
Mar-25
|
$2.22
|
$2.28
|
-2.58%
|
-$0.06
|
$2.21
|
0.59%
|
$2.28
|
-2.58%
|
|
|
Chicago Ethanol
|
Mar-25
|
$1.83
|
$1.84
|
-0.82%
|
-$0.01
|
$1.77
|
3.11%
|
$1.47
|
24.32%
|
|
|
Rotterdam Gasoil
|
Mar-25
|
$670.68
|
$677.89
|
-1.06%
|
-$7.21
|
$682.66
|
-1.76%
|
$688.07
|
-2.53%
|
|
|
Singapore Jet Kero
|
Mar-25
|
$91.60
|
$91.90
|
-0.33%
|
-$0.30
|
$92.70
|
-1.19%
|
$95.13
|
-3.71%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/21/25
|
2/20/25
|
% Change
|
Change
|
1/23/25
|
% Change
|
2/22/24
|
% Change
|
|
|
Henry Hub Straddle
|
Apr-25
|
61.53%
|
60.66%
|
1.43%
|
0.87%
|
58.86%
|
4.54%
|
45.55%
|
35.08%
|
|
|
Algonquin Straddle
|
Apr-25
|
58.47%
|
56.24%
|
3.97%
|
2.23%
|
48.69%
|
20.09%
|
40.80%
|
43.31%
|
|
|
Waha Straddle
|
Apr-25
|
166.85%
|
153.88%
|
8.43%
|
12.97%
|
144.64%
|
15.36%
|
59.13%
|
182.17%
|
|
|
Chicago Straddle
|
Apr-25
|
65.84%
|
64.96%
|
1.35%
|
0.88%
|
59.73%
|
10.23%
|
44.45%
|
48.12%
|
|
|
PJM West Straddle
|
Apr-25
|
44.80%
|
43.64%
|
2.66%
|
1.16%
|
48.85%
|
-8.29%
|
33.80%
|
32.54%
|
|
|
SP – 15 Straddle
|
Apr-25
|
313.40%
|
517.93%
|
-39.49%
|
-204.53%
|
216.30%
|
44.89%
|
64.99%
|
382.23%
|
|
|
Mid. C Straddle
|
Apr-25
|
86.12%
|
84.26%
|
2.21%
|
1.86%
|
48.25%
|
78.49%
|
59.00%
|
45.97%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/21/25
|
2/20/25
|
% Change
|
Change
|
1/23/25
|
% Change
|
2/22/24
|
% Change
|
|
|
Dutch TTF
|
Apr-25
|
EUR 46.12
|
EUR 47.66
|
-3.23%
|
-EUR 1.54
|
EUR 49.50
|
-6.82%
|
EUR 27.71
|
66.47%
|
|
|
NBP
|
Apr-25
|
GBP 109.67
|
GBP 113.40
|
-3.29%
|
-GBP 3.73
|
GBP 122.21
|
-10.26%
|
GBP 70.76
|
54.98%
|
|
|
German Base
|
Apr-25
|
EUR 79.92
|
EUR 81.07
|
-1.42%
|
-EUR 1.15
|
EUR 88.03
|
-9.21%
|
EUR 60.61
|
31.86%
|
|
|
UK Base
|
Apr-25
|
GBP 88.88
|
GBP 89.30
|
-0.47%
|
-GBP 0.42
|
GBP 89.60
|
-0.81%
|
GBP 61.13
|
45.41%
|
|
|
French Base
|
Apr-25
|
EUR 59.85
|
EUR 60.71
|
-1.41%
|
-EUR 0.86
|
EUR 66.67
|
-10.23%
|
EUR 54.06
|
10.70%
|
|
|
Italian Base
|
Apr-25
|
EUR 118.06
|
EUR 121.21
|
-2.59%
|
-EUR 3.14
|
EUR 130.65
|
-9.64%
|
EUR 78.36
|
50.67%
|
|
|
JKM LNG
|
Apr-25
|
$14.61
|
$15.16
|
-3.63%
|
-$0.55
|
$13.76
|
6.16%
|
$10.12
|
44.34%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/21/25
|
2/20/25
|
% Change
|
Change
|
1/23/25
|
% Change
|
2/22/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-25
|
$46.12
|
$47.66
|
-3.23%
|
-$1.54
|
$49.50
|
-6.82%
|
$27.71
|
66.47%
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-25
|
$109.67
|
$113.40
|
-3.29%
|
-$3.73
|
$122.21
|
-10.26%
|
$70.76
|
54.98%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-25
|
$79.92
|
$81.07
|
-1.42%
|
-$1.15
|
$88.03
|
-9.21%
|
$60.61
|
31.86%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-25
|
$88.88
|
$89.30
|
-0.47%
|
-$0.42
|
$89.60
|
-0.81%
|
$61.13
|
45.41%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-25
|
$59.85
|
$60.71
|
-1.41%
|
-$0.86
|
$66.67
|
-10.23%
|
$54.06
|
10.70%
|
|
|
Supramax Timecharter (DRY)
|
Apr-25
|
$118.06
|
$121.21
|
-2.59%
|
-$3.14
|
$130.65
|
-9.64%
|
$78.36
|
50.67%
|
|
|
Capesize Timecharter (DRY)
|
Apr-25
|
$14.61
|
$15.16
|
-3.63%
|
-$0.55
|
$13.76
|
6.16%
|
$10.12
|
44.34%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/22/2025
|
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
|
5
|
-3
|
2
|
34
|
-22
|
9
|
NA
|
NA
|
|
|
E S Central
|
0
|
-2
|
0
|
1
|
-8
|
1
|
NA
|
NA
|
|
|
W S Central
|
0
|
-4
|
-4
|
22
|
-3
|
14
|
NA
|
NA
|
|
|
Mountain
|
0
|
-1
|
0
|
1
|
-2
|
1
|
NA
|
NA
|
|
|
Pacific
|
0
|
0
|
0
|
0
|
-2
|
0
|
NA
|
NA
|
|
|
United States
|
1
|
-1
|
0
|
9
|
-5
|
3
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/22/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
New England
|
295
|
36
|
30
|
4,415
|
-142
|
445
|
-3.00%
|
11.00%
|
|
|
Middle Atlantic
|
271
|
31
|
29
|
3,973
|
-164
|
291
|
-4.00%
|
8.00%
|
|
|
E N Central
|
340
|
83
|
115
|
4,336
|
-292
|
407
|
-6.00%
|
10.00%
|
|
|
W N Central
|
408
|
149
|
191
|
4,647
|
-309
|
515
|
-6.00%
|
12.00%
|
|
|
South Atlantic
|
157
|
35
|
33
|
2,039
|
-98
|
133
|
-5.00%
|
7.00%
|
|
|
E S Central
|
234
|
86
|
85
|
2,511
|
-226
|
62
|
-8.00%
|
3.00%
|
|
|
W S Central
|
204
|
108
|
112
|
1,643
|
-196
|
-85
|
-11.00%
|
-5.00%
|
|
|
Mountain
|
193
|
16
|
20
|
3,420
|
-271
|
36
|
-7.00%
|
1.00%
|
|
|
Pacific
|
101
|
-6
|
-9
|
2,057
|
-111
|
77
|
-5.00%
|
4.00%
|
|
|
United States
|
231
|
54
|
61
|
3,059
|
-187
|
198
|
-6.00%
|
7.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
Weather Forecast & Seasonal Outlook
|

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