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Prices as of 7:05 AM CST
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Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
Natural Gas
|
$4.019
|
$3.994
|
0.63%
|
$0.025
|
4,536
|
|
|
WTI
|
$70.26
|
$70.70
|
-0.62%
|
-$0.44
|
46,789
|
|
|
Brent
|
$74.28
|
$74.78
|
-0.67%
|
-$0.50
|
4,799
|
|
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ULSD
|
$2.429
|
$2.436
|
-0.29%
|
-$0.007
|
1,551
|
|
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RBOB
|
$2.012
|
$2.011
|
0.03%
|
$0.001
|
1,366
|
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Spreads
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Current
|
Previous
|
% Change
|
Change
|
Contract
|
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|
WTI-Brent
|
$4.07
|
$4.08
|
-0.25%
|
-$0.01
|
Apr-25
|
|
|
3:2:1 Crack
|
$26.08
|
$25.79
|
1.14%
|
$0.29
|
Apr-25
|
|
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PJM West Spark
|
$40.53
|
$43.96
|
-7.79%
|
-$3.42
|
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
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-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
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252,655
|
20,009
|
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Brent Crude Last Day
|
179,547
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172,412
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174,378
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-1,966
|
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NYM Ethanol
|
39,120
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37,983
|
38,595
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-612
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Mt Belvieu LDH Propane Swap
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150,022
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149,444
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149,830
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-386
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RBOB
|
428,477
|
404,532
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411,799
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-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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|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
|
Brent
|
$82.00
|
$81.00
|
$74.00
|
$66.00
|
|
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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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|

|

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EIA Lower 48 Natural Gas Storage
|
|
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|
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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
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-6.33%
|
944
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-15.36%
|
811
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-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
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-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
|
2/24/25
|
2/21/25
|
% Change
|
Change
|
1/24/25
|
% Change
|
2/23/24
|
% Change
|
|
|
PJM West On Peak
|
Mar-25
|
$49.13
|
$52.50
|
-6.43%
|
-$3.38
|
$46.10
|
6.56%
|
$44.74
|
9.81%
|
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ERCOT North On Peak
|
Mar-25
|
$36.35
|
$38.49
|
-5.56%
|
-$2.14
|
$35.65
|
1.95%
|
$37.65
|
-3.48%
|
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CAISO SP 15 On Peak
|
Mar-25
|
$15.03
|
$16.44
|
-8.59%
|
-$1.41
|
$14.49
|
3.72%
|
$37.46
|
-59.88%
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MISO Indiana On Peak
|
Mar-25
|
$44.73
|
$47.50
|
-5.82%
|
-$2.76
|
$42.90
|
4.26%
|
$44.20
|
1.22%
|
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NEISO Mass On Peak
|
Mar-25
|
$73.07
|
$87.88
|
-16.85%
|
-$14.81
|
$63.17
|
15.67%
|
$64.01
|
14.15%
|
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WECC Mid C On Peak
|
Mar-25
|
$39.50
|
$49.47
|
-20.15%
|
-$9.97
|
$40.75
|
-3.07%
|
$72.50
|
-45.51%
|
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NYISO Zone G On Peak
|
Mar-25
|
$64.00
|
$74.68
|
-14.30%
|
-$10.68
|
$56.70
|
12.87%
|
$45.97
|
39.20%
|
|
|
|
|
|
|
|
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|
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Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/24/25
|
2/21/25
|
% Change
|
Change
|
1/24/25
|
% Change
|
2/23/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Mar-25
|
$3.994
|
$4.234
|
-5.67%
|
-$0.24
|
$3.45
|
15.77%
|
$3.13
|
27.69%
|
|
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Houston Ship Channel
|
Mar-25
|
-$0.677
|
-$0.663
|
2.11%
|
-$0.01
|
-$0.39
|
73.45%
|
-$0.35
|
95.49%
|
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Chicago
|
Mar-25
|
-$0.156
|
-$0.079
|
-49.23%
|
-$0.08
|
-$0.07
|
128.15%
|
-$0.08
|
97.71%
|
|
|
Waha
|
Mar-25
|
-$2.707
|
-$2.886
|
-6.19%
|
$0.18
|
-$2.62
|
3.21%
|
-$0.78
|
245.36%
|
|
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Algonquin
|
Mar-25
|
$3.842
|
$4.173
|
-7.95%
|
-$0.33
|
$2.09
|
83.81%
|
$2.35
|
63.34%
|
|
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Aeco
|
Mar-25
|
-$2.693
|
-$2.789
|
-3.43%
|
$0.10
|
-$2.24
|
20.09%
|
-$0.87
|
208.57%
|
|
|
Socal
|
Mar-25
|
-$0.540
|
-$0.561
|
-3.73%
|
$0.02
|
-$0.18
|
201.84%
|
$0.25
|
-315.48%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/24/25
|
2/21/25
|
% Change
|
Change
|
1/24/25
|
% Change
|
2/23/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Mar-25
|
$0.869
|
$0.874
|
-0.57%
|
$0.00
|
$0.87
|
-0.01%
|
$0.74
|
17.69%
|
|
|
Mt. Belvieu Propane non LST
|
Mar-25
|
$0.871
|
$0.874
|
-0.33%
|
$0.00
|
$0.88
|
-1.50%
|
$0.73
|
18.58%
|
|
|
Mt. Belview Ethane
|
Mar-25
|
$0.269
|
$0.284
|
-5.10%
|
-$0.01
|
$0.26
|
3.54%
|
$0.23
|
16.41%
|
|
|
Mt. Belview Nat. Gasoline
|
Mar-25
|
$1.533
|
$1.521
|
0.78%
|
$0.01
|
$1.53
|
-0.11%
|
$1.41
|
8.39%
|
|
|
Mt. Belvieu Butane LST
|
Mar-25
|
$0.998
|
$1.004
|
-0.62%
|
-$0.01
|
$1.03
|
-3.51%
|
$0.87
|
15.26%
|
|
|
Far East Propane
|
Mar-25
|
$6.033
|
$6.039
|
-0.10%
|
-$0.01
|
$6.16
|
-2.03%
|
$5.64
|
7.02%
|
|
|
Saudi Propane
|
Mar-25
|
$6.060
|
$6.060
|
0.01%
|
$0.00
|
$6.27
|
-3.34%
|
$5.31
|
14.08%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/24/25
|
2/21/25
|
% Change
|
Change
|
1/24/25
|
% Change
|
2/23/24
|
% Change
|
|
|
WTI
|
Apr-25
|
$70.70
|
$70.40
|
0.42%
|
$0.30
|
$73.96
|
-4.41%
|
$70.92
|
-0.31%
|
|
|
Brent
|
Apr-25
|
$74.78
|
$74.43
|
0.47%
|
$0.35
|
$77.55
|
-3.57%
|
$75.75
|
-1.28%
|
|
|
WCS
|
Apr-25
|
-$12.95
|
-$12.90
|
0.39%
|
-$0.05
|
-$13.70
|
-5.47%
|
-$14.29
|
-9.38%
|
|
|
LLS
|
Apr-25
|
$73.21
|
$73.63
|
-0.57%
|
-$0.42
|
$75.43
|
-2.94%
|
$72.78
|
0.60%
|
|
|
Mars
|
Apr-25
|
$71.47
|
$71.30
|
0.25%
|
$0.18
|
$73.68
|
-2.99%
|
$69.62
|
2.66%
|
|
|
Sour
|
Apr-25
|
$70.91
|
$70.38
|
0.75%
|
$0.53
|
$74.03
|
-4.22%
|
$71.33
|
-0.58%
|
|
|
ESPO
|
Apr-25
|
$72.78
|
$72.43
|
0.48%
|
$0.35
|
$75.55
|
-3.67%
|
$73.75
|
-1.32%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/24/25
|
2/21/25
|
% Change
|
Change
|
1/24/25
|
% Change
|
2/23/24
|
% Change
|
|
|
NY Heating Oil
|
Mar-25
|
$2.37
|
$2.44
|
-2.71%
|
-$0.07
|
$2.44
|
-2.95%
|
$2.42
|
-2.27%
|
|
|
NY Gasoline
|
Mar-25
|
$2.01
|
$2.03
|
-0.89%
|
-$0.02
|
$2.08
|
-3.32%
|
$2.03
|
-0.79%
|
|
|
GC Gasoline
|
Mar-25
|
$1.91
|
$1.93
|
-0.93%
|
-$0.02
|
$1.98
|
-3.48%
|
$1.93
|
-0.83%
|
|
|
GC Jet
|
Mar-25
|
$2.21
|
$2.22
|
-0.63%
|
-$0.01
|
$2.27
|
-2.73%
|
$2.09
|
5.59%
|
|
|
Chicago Ethanol
|
Mar-25
|
$1.81
|
$1.83
|
-0.93%
|
-$0.02
|
$1.75
|
3.31%
|
$1.44
|
25.21%
|
|
|
Rotterdam Gasoil
|
Mar-25
|
$660.55
|
$670.68
|
-1.51%
|
-$10.13
|
$680.42
|
-2.92%
|
$688.16
|
-4.01%
|
|
|
Singapore Jet Kero
|
Mar-25
|
$89.29
|
$91.60
|
-2.52%
|
-$2.31
|
$93.73
|
-4.74%
|
$95.51
|
-6.51%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/24/25
|
2/21/25
|
% Change
|
Change
|
1/24/25
|
% Change
|
2/23/24
|
% Change
|
|
|
Henry Hub Straddle
|
Apr-25
|
62.76%
|
61.53%
|
2.00%
|
1.23%
|
56.74%
|
10.61%
|
42.41%
|
47.98%
|
|
|
Algonquin Straddle
|
Apr-25
|
57.47%
|
58.47%
|
-1.71%
|
-1.00%
|
48.37%
|
18.81%
|
38.61%
|
48.85%
|
|
|
Waha Straddle
|
Apr-25
|
178.13%
|
166.85%
|
6.76%
|
11.28%
|
147.12%
|
21.08%
|
52.63%
|
238.46%
|
|
|
Chicago Straddle
|
Apr-25
|
69.36%
|
65.84%
|
5.35%
|
3.52%
|
60.41%
|
14.82%
|
41.20%
|
68.35%
|
|
|
PJM West Straddle
|
Apr-25
|
47.28%
|
44.80%
|
5.54%
|
2.48%
|
48.08%
|
-1.66%
|
33.43%
|
41.43%
|
|
|
SP – 15 Straddle
|
Apr-25
|
325.02%
|
313.40%
|
3.71%
|
11.62%
|
216.40%
|
50.19%
|
26.53%
|
1125.10%
|
|
|
Mid. C Straddle
|
Apr-25
|
86.60%
|
86.12%
|
0.56%
|
0.48%
|
52.02%
|
66.47%
|
59.23%
|
46.21%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/24/25
|
2/21/25
|
% Change
|
Change
|
1/24/25
|
% Change
|
2/23/24
|
% Change
|
|
|
Dutch TTF
|
Apr-25
|
EUR 47.56
|
EUR 46.12
|
3.12%
|
EUR 1.44
|
EUR 49.97
|
-4.82%
|
EUR 26.86
|
77.06%
|
|
|
NBP
|
Apr-25
|
GBP 113.05
|
GBP 109.67
|
3.08%
|
GBP 3.38
|
GBP 122.75
|
-7.90%
|
GBP 68.95
|
63.97%
|
|
|
German Base
|
Apr-25
|
EUR 82.30
|
EUR 79.92
|
2.99%
|
EUR 2.39
|
EUR 89.47
|
-8.01%
|
EUR 60.34
|
36.40%
|
|
|
UK Base
|
Apr-25
|
GBP 88.86
|
GBP 88.88
|
-0.02%
|
-GBP 0.02
|
GBP 91.55
|
-2.94%
|
GBP 61.06
|
45.51%
|
|
|
French Base
|
Apr-25
|
EUR 56.59
|
EUR 59.85
|
-5.45%
|
-EUR 3.26
|
EUR 67.64
|
-16.34%
|
EUR 54.39
|
4.04%
|
|
|
Italian Base
|
Apr-25
|
EUR 116.14
|
EUR 118.06
|
-1.63%
|
-EUR 1.93
|
EUR 128.68
|
-9.74%
|
EUR 75.85
|
53.11%
|
|
|
JKM LNG
|
Apr-25
|
$14.42
|
$14.61
|
-1.29%
|
-$0.19
|
$13.95
|
3.39%
|
$10.07
|
43.23%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/24/25
|
2/21/25
|
% Change
|
Change
|
1/24/25
|
% Change
|
2/23/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-25
|
$47.56
|
$46.12
|
3.12%
|
$1.44
|
$49.97
|
-4.82%
|
$26.86
|
77.06%
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-25
|
$113.05
|
$109.67
|
3.08%
|
$3.38
|
$122.75
|
-7.90%
|
$68.95
|
63.97%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-25
|
$82.30
|
$79.92
|
2.99%
|
$2.39
|
$89.47
|
-8.01%
|
$60.34
|
36.40%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-25
|
$88.86
|
$88.88
|
-0.02%
|
-$0.02
|
$91.55
|
-2.94%
|
$61.06
|
45.51%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-25
|
$56.59
|
$59.85
|
-5.45%
|
-$3.26
|
$67.64
|
-16.34%
|
$54.39
|
4.04%
|
|
|
Supramax Timecharter (DRY)
|
Apr-25
|
$116.14
|
$118.06
|
-1.63%
|
-$1.93
|
$128.68
|
-9.74%
|
$75.85
|
53.11%
|
|
|
Capesize Timecharter (DRY)
|
Apr-25
|
$14.42
|
$14.61
|
-1.29%
|
-$0.19
|
$13.95
|
3.39%
|
$10.07
|
43.23%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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