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Prices as of 8:31 AM CST
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Current Price
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Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
Natural Gas
|
$4.070
|
$4.174
|
-2.49%
|
-$0.104
|
699
|
|
|
WTI
|
$69.11
|
$68.93
|
0.26%
|
$0.18
|
68,101
|
|
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Brent
|
$73.17
|
$73.02
|
0.21%
|
$0.15
|
4,247
|
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ULSD
|
$2.355
|
$2.390
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-1.47%
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-$0.035
|
4,391
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RBOB
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$1.958
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$1.967
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-0.46%
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-$0.009
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2,237
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Spreads
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Current
|
Previous
|
% Change
|
Change
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Contract
|
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WTI-Brent
|
$4.02
|
$4.09
|
-1.71%
|
-$0.07
|
Apr-25
|
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3:2:1 Crack
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$24.88
|
$25.78
|
-3.48%
|
-$0.90
|
Apr-25
|
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PJM West Spark
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$40.01
|
$40.20
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-0.45%
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-$0.18
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Mar-25
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Baker Hughes Rig Count
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Date
|
Count
|
Change
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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
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Jan
|
905
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-4
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-60
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Jan
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CFTC Net Positions
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As of 2/18/2025
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Open Interest
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Total Net Long
|
Total Net Short
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Diff
|
|
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PJM West On Peak
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91,246
|
90,887
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90,710
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177
|
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PJM West Off Peak
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84,289
|
83,867
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83,684
|
183
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Natural Gas Henry Hub
|
350,495
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339,581
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336,977
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2,604
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WTI – Light Sweet Crude Futures
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318,607
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272,664
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252,655
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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
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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
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404,532
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411,799
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-7,267
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HSC Basis
|
957,742
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950,580
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945,711
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4,869
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EIA Short Term Energy Outlook
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|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
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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
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2026 Projected
|
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Natural gas
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42.00%
|
43.00%
|
41.00%
|
40.00%
|
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Coal
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17.00%
|
16.00%
|
15.00%
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15.00%
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Renewables
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22.00%
|
23.00%
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25.00%
|
27.00%
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Nuclear
|
19.00%
|
19.00%
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19.00%
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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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02/14/20
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|
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2/14/25
|
2/7/25
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Net Change
|
% Change
|
2/16/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
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East
|
419
|
468
|
-49
|
-10.47%
|
505
|
-17.03%
|
466
|
-10.12%
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Midwest
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494
|
559
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-65
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-11.63%
|
631
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-21.71%
|
561
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-11.88%
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Mountain
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182
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193
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-11
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-5.70%
|
173
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5.20%
|
125
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45.83%
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Pacific
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208
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224
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-16
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-7.14%
|
217
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-4.15%
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183
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13.41%
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South
|
799
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853
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-54
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-6.33%
|
944
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-15.36%
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811
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-1.50%
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Salt
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214
|
229
|
-15
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-6.55%
|
278
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-23.02%
|
223
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-4.04%
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Non_Salt
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585
|
624
|
-39
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-6.25%
|
666
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-12.16%
|
588
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-0.58%
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Total
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2,101
|
2,297
|
-196
|
-8.53%
|
2,470
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-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
|
2/25/25
|
2/24/25
|
% Change
|
Change
|
1/27/25
|
% Change
|
2/26/24
|
% Change
|
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PJM West On Peak
|
Mar-25
|
$48.70
|
$49.13
|
-0.87%
|
-$0.43
|
$44.01
|
10.64%
|
$45.00
|
8.23%
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ERCOT North On Peak
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Mar-25
|
$36.44
|
$36.35
|
0.25%
|
$0.09
|
$32.36
|
12.59%
|
$37.18
|
-2.01%
|
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CAISO SP 15 On Peak
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Mar-25
|
$11.91
|
$15.03
|
-20.75%
|
-$3.12
|
$13.50
|
-11.78%
|
$38.91
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-69.39%
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MISO Indiana On Peak
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Mar-25
|
$44.76
|
$44.73
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0.07%
|
$0.03
|
$40.95
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9.30%
|
$44.44
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0.73%
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NEISO Mass On Peak
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Mar-25
|
$70.30
|
$73.07
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-3.79%
|
-$2.77
|
$63.54
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10.64%
|
$62.18
|
13.05%
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WECC Mid C On Peak
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Mar-25
|
$41.00
|
$39.50
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3.80%
|
$1.50
|
$39.73
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3.20%
|
$74.26
|
-44.79%
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NYISO Zone G On Peak
|
Mar-25
|
$65.78
|
$64.00
|
2.79%
|
$1.78
|
$55.76
|
17.96%
|
$45.60
|
44.24%
|
|
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Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/25/25
|
2/24/25
|
% Change
|
Change
|
1/27/25
|
% Change
|
2/26/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Mar-25
|
$4.174
|
$3.994
|
4.51%
|
$0.18
|
$3.25
|
28.31%
|
$3.18
|
31.26%
|
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Houston Ship Channel
|
Mar-25
|
-$0.739
|
-$0.677
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9.25%
|
-$0.06
|
-$0.37
|
99.03%
|
-$0.35
|
110.90%
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Chicago
|
Mar-25
|
-$0.282
|
-$0.156
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-44.86%
|
-$0.13
|
-$0.08
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253.63%
|
-$0.08
|
267.45%
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Waha
|
Mar-25
|
-$3.138
|
-$2.707
|
-15.90%
|
-$0.43
|
-$2.44
|
28.84%
|
-$0.77
|
305.72%
|
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Algonquin
|
Mar-25
|
$3.015
|
$3.842
|
-21.52%
|
-$0.83
|
$1.82
|
65.37%
|
$2.26
|
33.45%
|
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Aeco
|
Mar-25
|
-$2.728
|
-$2.693
|
1.28%
|
-$0.03
|
-$2.04
|
34.00%
|
-$0.88
|
209.74%
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Socal
|
Mar-25
|
-$0.684
|
-$0.540
|
26.76%
|
-$0.14
|
-$0.20
|
248.35%
|
$0.29
|
-338.75%
|
|
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|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/25/25
|
2/24/25
|
% Change
|
Change
|
1/27/25
|
% Change
|
2/26/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Mar-25
|
$0.870
|
$0.869
|
0.15%
|
$0.00
|
$0.85
|
2.88%
|
$0.74
|
17.87%
|
|
|
Mt. Belvieu Propane non LST
|
Mar-25
|
$0.869
|
$0.871
|
-0.23%
|
$0.00
|
$0.86
|
1.06%
|
$0.73
|
19.30%
|
|
|
Mt. Belview Ethane
|
Mar-25
|
$0.270
|
$0.269
|
0.32%
|
$0.00
|
$0.25
|
9.18%
|
$0.24
|
14.27%
|
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Mt. Belview Nat. Gasoline
|
Mar-25
|
$1.512
|
$1.533
|
-1.40%
|
-$0.02
|
$1.51
|
-0.20%
|
$1.41
|
6.93%
|
|
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Mt. Belvieu Butane LST
|
Mar-25
|
$0.988
|
$0.998
|
-1.00%
|
-$0.01
|
$1.04
|
-4.72%
|
$0.87
|
13.52%
|
|
|
Far East Propane
|
Mar-25
|
$5.979
|
$6.033
|
-0.89%
|
-$0.05
|
$6.13
|
-2.54%
|
$5.59
|
7.03%
|
|
|
Saudi Propane
|
Mar-25
|
$6.050
|
$6.060
|
-0.17%
|
-$0.01
|
$6.29
|
-3.80%
|
$5.29
|
14.37%
|
|
|
|
|
|
|
|
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|
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|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/25/25
|
2/24/25
|
% Change
|
Change
|
1/27/25
|
% Change
|
2/26/24
|
% Change
|
|
|
WTI
|
Apr-25
|
$68.93
|
$70.70
|
-2.57%
|
-$1.77
|
$72.50
|
-4.92%
|
$71.49
|
-3.58%
|
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Brent
|
Apr-25
|
$73.02
|
$74.78
|
-2.41%
|
-$1.76
|
$76.18
|
-4.15%
|
$76.31
|
-4.31%
|
|
|
WCS
|
Apr-25
|
-$12.75
|
-$12.95
|
-1.57%
|
$0.20
|
-$13.35
|
-4.49%
|
-$13.57
|
-6.07%
|
|
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LLS
|
Apr-25
|
$72.69
|
$73.21
|
-0.72%
|
-$0.52
|
$75.28
|
-3.44%
|
$74.17
|
-2.00%
|
|
|
Mars
|
Apr-25
|
$69.87
|
$71.47
|
-2.29%
|
-$1.60
|
$73.43
|
-4.85%
|
$70.44
|
-0.81%
|
|
|
Sour
|
Apr-25
|
$69.07
|
$70.91
|
-2.67%
|
-$1.84
|
$73.96
|
-6.62%
|
$71.85
|
-3.87%
|
|
|
ESPO
|
Apr-25
|
$71.02
|
$72.78
|
-2.48%
|
-$1.76
|
$74.18
|
-4.26%
|
$74.31
|
-4.43%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/25/25
|
2/24/25
|
% Change
|
Change
|
1/27/25
|
% Change
|
2/26/24
|
% Change
|
|
|
NY Heating Oil
|
Mar-25
|
$2.39
|
$2.37
|
0.93%
|
$0.02
|
$2.39
|
-0.04%
|
$2.45
|
-2.25%
|
|
|
NY Gasoline
|
Mar-25
|
$2.00
|
$2.01
|
-0.70%
|
-$0.01
|
$2.06
|
-2.87%
|
$2.03
|
-1.58%
|
|
|
GC Gasoline
|
Mar-25
|
$1.90
|
$1.91
|
-0.73%
|
-$0.01
|
$1.96
|
-3.02%
|
$1.93
|
-1.66%
|
|
|
GC Jet
|
Mar-25
|
$2.17
|
$2.21
|
-1.90%
|
-$0.04
|
$2.22
|
-2.30%
|
$2.36
|
-7.94%
|
|
|
Chicago Ethanol
|
Mar-25
|
$1.76
|
$1.81
|
-2.38%
|
-$0.04
|
$1.73
|
2.02%
|
$1.44
|
22.40%
|
|
|
Rotterdam Gasoil
|
Mar-25
|
$647.05
|
$660.55
|
-2.04%
|
-$13.50
|
$673.67
|
-3.95%
|
$694.14
|
-6.78%
|
|
|
Singapore Jet Kero
|
Mar-25
|
$89.09
|
$89.29
|
-0.22%
|
-$0.20
|
$90.38
|
-1.42%
|
$92.82
|
-4.02%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/25/25
|
2/24/25
|
% Change
|
Change
|
1/27/25
|
% Change
|
2/26/24
|
% Change
|
|
|
Henry Hub Straddle
|
Apr-25
|
54.38%
|
62.76%
|
-13.35%
|
-8.38%
|
55.62%
|
-2.23%
|
37.60%
|
44.63%
|
|
|
Algonquin Straddle
|
Apr-25
|
50.63%
|
57.47%
|
-11.90%
|
-6.84%
|
46.10%
|
9.83%
|
32.94%
|
53.70%
|
|
|
Waha Straddle
|
Apr-25
|
165.48%
|
178.13%
|
-7.10%
|
-12.65%
|
137.81%
|
20.08%
|
47.62%
|
247.50%
|
|
|
Chicago Straddle
|
Apr-25
|
58.65%
|
69.36%
|
-15.44%
|
-10.71%
|
57.72%
|
1.61%
|
36.17%
|
62.15%
|
|
|
PJM West Straddle
|
Apr-25
|
45.94%
|
47.28%
|
-2.83%
|
-1.34%
|
47.38%
|
-3.04%
|
33.63%
|
36.60%
|
|
|
SP – 15 Straddle
|
Apr-25
|
21.72%
|
325.02%
|
-93.32%
|
-303.30%
|
220.82%
|
-90.16%
|
23.69%
|
-8.32%
|
|
|
Mid. C Straddle
|
Apr-25
|
83.37%
|
86.60%
|
-3.73%
|
-3.23%
|
48.76%
|
70.98%
|
64.07%
|
30.12%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/25/25
|
2/24/25
|
% Change
|
Change
|
1/27/25
|
% Change
|
2/26/24
|
% Change
|
|
|
Dutch TTF
|
Apr-25
|
EUR 44.59
|
EUR 47.56
|
-6.24%
|
-EUR 2.97
|
EUR 48.22
|
-7.51%
|
EUR 27.19
|
63.98%
|
|
|
NBP
|
Apr-25
|
GBP 105.80
|
GBP 113.05
|
-6.41%
|
-GBP 7.25
|
GBP 118.26
|
-10.54%
|
GBP 69.76
|
51.66%
|
|
|
German Base
|
Apr-25
|
EUR 79.68
|
EUR 82.30
|
-3.18%
|
-EUR 2.62
|
EUR 86.79
|
-8.19%
|
EUR 61.96
|
28.60%
|
|
|
UK Base
|
Apr-25
|
GBP 87.40
|
GBP 88.86
|
-1.65%
|
-GBP 1.46
|
GBP 92.95
|
-5.97%
|
GBP 61.49
|
42.14%
|
|
|
French Base
|
Apr-25
|
EUR 57.62
|
EUR 56.59
|
1.82%
|
EUR 1.03
|
EUR 64.40
|
-10.54%
|
EUR 54.58
|
5.57%
|
|
|
Italian Base
|
Apr-25
|
EUR 119.33
|
EUR 116.14
|
2.75%
|
EUR 3.19
|
EUR 127.21
|
-6.19%
|
EUR 79.72
|
49.68%
|
|
|
JKM LNG
|
Apr-25
|
$13.87
|
$14.42
|
-3.83%
|
-$0.55
|
$14.05
|
-1.32%
|
$10.22
|
35.65%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
2/25/25
|
2/24/25
|
% Change
|
Change
|
1/27/25
|
% Change
|
2/26/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-25
|
$44.59
|
$47.56
|
-6.24%
|
-$2.97
|
$48.22
|
-7.51%
|
$27.19
|
63.98%
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-25
|
$105.80
|
$113.05
|
-6.41%
|
-$7.25
|
$118.26
|
-10.54%
|
$69.76
|
51.66%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-25
|
$79.68
|
$82.30
|
-3.18%
|
-$2.62
|
$86.79
|
-8.19%
|
$61.96
|
28.60%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-25
|
$87.40
|
$88.86
|
-1.65%
|
-$1.46
|
$92.95
|
-5.97%
|
$61.49
|
42.14%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-25
|
$57.62
|
$56.59
|
1.82%
|
$1.03
|
$64.40
|
-10.54%
|
$54.58
|
5.57%
|
|
|
Supramax Timecharter (DRY)
|
Apr-25
|
$119.33
|
$116.14
|
2.75%
|
$3.19
|
$127.21
|
-6.19%
|
$79.72
|
49.68%
|
|
|
Capesize Timecharter (DRY)
|
Apr-25
|
$13.87
|
$14.42
|
-3.83%
|
-$0.55
|
$14.05
|
-1.32%
|
$10.22
|
35.65%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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