Prices as of 7:05 AM CST

 

 

 

 

 

 

 

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

 

 

ULSD

$2.429

$2.436

-0.29%

-$0.007

1,551

 

 

RBOB

$2.012

$2.011

0.03%

$0.001

1,366

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

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

 

 

PJM West Spark

$40.53

$43.96

-7.79%

-$3.42

Mar-25

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

02/21/25

592

4

-34

02/24/24

 

 

Canada

02/21/25

244

-1

13

02/24/24

 

 

International

Jan

905

-4

-60

Jan

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 2/18/2025

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

 

 

Natural Gas Henry Hub

350,495

339,581

336,977

2,604

 

 

WTI – Light Sweet Crude Futures

318,607

272,664

252,655

20,009

 

 

Brent Crude Last Day

179,547

172,412

174,378

-1,966

 

 

NYM Ethanol

39,120

37,983

38,595

-612

 

 

Mt Belvieu LDH Propane Swap

150,022

149,444

149,830

-386

 

 

RBOB

428,477

404,532

411,799

-7,267

 

 

HSC Basis

957,742

950,580

945,711

4,869

 

 

 

 

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

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

2/24/25

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%

 

 

ERCOT North On Peak

Mar-25

$36.35

$38.49

-5.56%

-$2.14

$35.65

1.95%

$37.65

-3.48%

 

 

CAISO SP 15 On Peak

Mar-25

$15.03

$16.44

-8.59%

-$1.41

$14.49

3.72%

$37.46

-59.88%

 

 

MISO Indiana On Peak

Mar-25

$44.73

$47.50

-5.82%

-$2.76

$42.90

4.26%

$44.20

1.22%

 

 

NEISO Mass On Peak

Mar-25

$73.07

$87.88

-16.85%

-$14.81

$63.17

15.67%

$64.01

14.15%

 

 

WECC Mid C On Peak

Mar-25

$39.50

$49.47

-20.15%

-$9.97

$40.75

-3.07%

$72.50

-45.51%

 

 

NYISO Zone G On Peak

Mar-25

$64.00

$74.68

-14.30%

-$10.68

$56.70

12.87%

$45.97

39.20%

 

 

 

 

 

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%

 

 

Houston Ship Channel

Mar-25

-$0.677

-$0.663

2.11%

-$0.01

-$0.39

73.45%

-$0.35

95.49%

 

 

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%

 

 

Algonquin

Mar-25

$3.842

$4.173

-7.95%

-$0.33

$2.09

83.81%

$2.35

63.34%

 

 

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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