|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:06 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.926
|
$3.906
|
0.51%
|
$0.020
|
21,396
|
|
|
|
WTI
|
$69.39
|
$68.62
|
1.12%
|
$0.77
|
40,222
|
|
|
|
Brent
|
$73.45
|
$72.53
|
1.27%
|
$0.92
|
2,120
|
|
|
|
ULSD
|
$2.361
|
$2.344
|
0.70%
|
$0.016
|
1,081
|
|
|
|
RBOB
|
$1.957
|
$1.949
|
0.42%
|
$0.008
|
563
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.99
|
$3.91
|
2.05%
|
$0.08
|
Apr-25
|
|
|
|
3:2:1 Crack
|
$24.62
|
$24.85
|
-0.91%
|
-$0.23
|
Apr-25
|
|
|
|
PJM West Spark
|
NA
|
NA
|
NA
|
NA
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
2/26/25
|
2/25/25
|
% Change
|
Change
|
1/28/25
|
% Change
|
2/27/24
|
% Change
|
|
|
|
PJM West On Peak
|
Mar-25
|
$47.14
|
$48.70
|
-3.20%
|
-$1.56
|
$42.92
|
9.84%
|
$46.28
|
1.86%
|
|
|
|
ERCOT North On Peak
|
Mar-25
|
$34.89
|
$36.44
|
-4.24%
|
-$1.55
|
$33.13
|
5.30%
|
$38.99
|
-10.52%
|
|
|
|
CAISO SP 15 On Peak
|
Mar-25
|
$11.75
|
$11.91
|
-1.33%
|
-$0.16
|
$13.12
|
-10.42%
|
$37.70
|
-68.83%
|
|
|
|
MISO Indiana On Peak
|
Mar-25
|
$43.10
|
$44.76
|
-3.72%
|
-$1.67
|
$39.76
|
8.40%
|
$45.72
|
-5.73%
|
|
|
|
NEISO Mass On Peak
|
Mar-25
|
$67.00
|
$70.30
|
-4.69%
|
-$3.30
|
$61.36
|
9.19%
|
$62.22
|
7.68%
|
|
|
|
WECC Mid C On Peak
|
Mar-25
|
$38.38
|
$41.00
|
-6.40%
|
-$2.62
|
$40.39
|
-4.98%
|
$62.25
|
-38.35%
|
|
|
|
NYISO Zone G On Peak
|
Mar-25
|
$59.56
|
$65.78
|
-9.45%
|
-$6.22
|
$54.03
|
10.24%
|
$45.87
|
29.84%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/26/25
|
2/25/25
|
% Change
|
Change
|
1/28/25
|
% Change
|
2/27/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Apr-25
|
$3.959
|
$4.130
|
-4.14%
|
-$0.17
|
$3.16
|
25.36%
|
$2.99
|
32.19%
|
|
|
|
Houston Ship Channel
|
Apr-25
|
-$0.621
|
-$0.673
|
-7.72%
|
$0.05
|
-$0.45
|
39.37%
|
-$0.34
|
84.25%
|
|
|
|
Chicago
|
Apr-25
|
-$0.269
|
-$0.273
|
1.56%
|
$0.00
|
-$0.17
|
56.55%
|
-$0.14
|
89.16%
|
|
|
|
Waha
|
Apr-25
|
-$3.186
|
-$3.204
|
-0.57%
|
$0.02
|
-$2.48
|
28.46%
|
-$1.04
|
205.89%
|
|
|
|
Algonquin
|
Apr-25
|
$0.237
|
$0.304
|
-21.97%
|
-$0.07
|
$0.26
|
-8.91%
|
$0.66
|
-64.21%
|
|
|
|
Aeco
|
Apr-25
|
-$2.711
|
-$2.817
|
-3.77%
|
$0.11
|
-$2.12
|
27.92%
|
-$0.78
|
247.14%
|
|
|
|
Socal
|
Apr-25
|
-$0.685
|
-$0.680
|
0.62%
|
$0.00
|
-$0.46
|
47.54%
|
-$0.16
|
339.97%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/26/25
|
2/25/25
|
% Change
|
Change
|
1/28/25
|
% Change
|
2/27/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Mar-25
|
$0.873
|
$0.870
|
0.31%
|
$0.00
|
$0.84
|
3.59%
|
$0.75
|
17.12%
|
|
|
|
Mt. Belvieu Propane non LST
|
Mar-25
|
$0.883
|
$0.869
|
1.63%
|
$0.01
|
$0.85
|
3.26%
|
$0.74
|
19.40%
|
|
|
|
Mt. Belview Ethane
|
Mar-25
|
$0.269
|
$0.270
|
-0.43%
|
$0.00
|
$0.24
|
11.52%
|
$0.23
|
14.50%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Mar-25
|
$1.499
|
$1.512
|
-0.86%
|
-$0.01
|
$1.51
|
-0.43%
|
$1.44
|
3.76%
|
|
|
|
Mt. Belvieu Butane LST
|
Mar-25
|
$1.023
|
$0.988
|
3.63%
|
$0.04
|
$1.04
|
-1.25%
|
$0.88
|
16.17%
|
|
|
|
Far East Propane
|
Mar-25
|
$6.000
|
$5.979
|
0.35%
|
$0.02
|
$6.12
|
-1.95%
|
$5.60
|
7.15%
|
|
|
|
Saudi Propane
|
Mar-25
|
$6.030
|
$6.050
|
-0.33%
|
-$0.02
|
$6.29
|
-4.13%
|
$5.28
|
14.11%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/26/25
|
2/25/25
|
% Change
|
Change
|
1/28/25
|
% Change
|
2/27/24
|
% Change
|
|
|
|
WTI
|
Apr-25
|
$68.62
|
$68.93
|
-0.45%
|
-$0.31
|
$72.94
|
-5.92%
|
$72.06
|
-4.77%
|
|
|
|
Brent
|
Apr-25
|
$72.53
|
$73.02
|
-0.68%
|
-$0.49
|
$76.49
|
-5.18%
|
$76.84
|
-5.61%
|
|
|
|
WCS
|
Apr-25
|
-$13.20
|
-$12.75
|
3.41%
|
-$0.45
|
-$14.05
|
-6.05%
|
-$13.70
|
-3.64%
|
|
|
|
LLS
|
Apr-25
|
$71.08
|
$72.69
|
-2.27%
|
-$1.61
|
$73.95
|
-3.89%
|
$73.77
|
-3.66%
|
|
|
|
Mars
|
Apr-25
|
$69.44
|
$69.87
|
-0.63%
|
-$0.44
|
$72.00
|
-3.56%
|
$70.64
|
-1.70%
|
|
|
|
Sour
|
Apr-25
|
$68.69
|
$69.07
|
-0.55%
|
-$0.38
|
$72.51
|
-5.26%
|
$71.82
|
-4.36%
|
|
|
|
ESPO
|
Apr-25
|
$70.53
|
$71.02
|
-0.69%
|
-$0.49
|
$74.49
|
-5.32%
|
$74.84
|
-5.76%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/26/25
|
2/25/25
|
% Change
|
Change
|
1/28/25
|
% Change
|
2/27/24
|
% Change
|
|
|
|
NY Heating Oil
|
Mar-25
|
$2.34
|
$2.39
|
-2.01%
|
-$0.05
|
$2.39
|
-1.80%
|
$2.48
|
-5.41%
|
|
|
|
NY Gasoline
|
Mar-25
|
$1.96
|
$2.00
|
-1.65%
|
-$0.03
|
$2.07
|
-5.12%
|
$2.08
|
-5.53%
|
|
|
|
GC Gasoline
|
Mar-25
|
$1.86
|
$1.90
|
-1.74%
|
-$0.03
|
$1.97
|
-5.38%
|
$1.98
|
-5.81%
|
|
|
|
GC Jet
|
Mar-25
|
$2.15
|
$2.17
|
-0.83%
|
-$0.02
|
$2.22
|
-3.37%
|
$2.36
|
-8.86%
|
|
|
|
Chicago Ethanol
|
Mar-25
|
$1.72
|
$1.76
|
-2.55%
|
-$0.04
|
$1.76
|
-2.11%
|
$1.45
|
18.62%
|
|
|
|
Rotterdam Gasoil
|
Mar-25
|
$641.67
|
$647.05
|
-0.83%
|
-$5.38
|
$673.29
|
-4.70%
|
$700.04
|
-8.34%
|
|
|
|
Singapore Jet Kero
|
Mar-25
|
$88.63
|
$89.09
|
-0.52%
|
-$0.46
|
$90.56
|
-2.13%
|
$94.57
|
-6.28%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/26/25
|
2/25/25
|
% Change
|
Change
|
1/28/25
|
% Change
|
2/27/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Apr-25
|
59.41%
|
54.38%
|
9.25%
|
5.03%
|
51.97%
|
14.32%
|
36.75%
|
61.66%
|
|
|
|
Algonquin Straddle
|
Apr-25
|
57.47%
|
50.63%
|
13.51%
|
6.84%
|
42.51%
|
35.19%
|
31.11%
|
84.73%
|
|
|
|
Waha Straddle
|
Apr-25
|
178.38%
|
165.48%
|
7.80%
|
12.90%
|
132.99%
|
34.13%
|
46.62%
|
282.63%
|
|
|
|
Chicago Straddle
|
Apr-25
|
62.83%
|
58.65%
|
7.13%
|
4.18%
|
52.76%
|
19.09%
|
35.42%
|
77.39%
|
|
|
|
PJM West Straddle
|
Apr-25
|
48.29%
|
45.94%
|
5.12%
|
2.35%
|
47.90%
|
0.81%
|
33.62%
|
43.63%
|
|
|
|
SP – 15 Straddle
|
Apr-25
|
22.47%
|
21.72%
|
3.45%
|
0.75%
|
246.40%
|
-90.88%
|
29.30%
|
-23.31%
|
|
|
|
Mid. C Straddle
|
Apr-25
|
75.26%
|
83.37%
|
-9.73%
|
-8.11%
|
51.23%
|
46.91%
|
72.60%
|
3.66%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/26/25
|
2/25/25
|
% Change
|
Change
|
1/28/25
|
% Change
|
2/27/24
|
% Change
|
|
|
|
Dutch TTF
|
Apr-25
|
EUR 41.70
|
EUR 44.59
|
-6.50%
|
-EUR 2.90
|
EUR 48.63
|
-14.25%
|
EUR 28.00
|
48.90%
|
|
|
|
NBP
|
Apr-25
|
GBP 98.81
|
GBP 105.80
|
-6.61%
|
-GBP 6.99
|
GBP 118.85
|
-16.86%
|
GBP 72.22
|
36.82%
|
|
|
|
German Base
|
Apr-25
|
EUR 75.78
|
EUR 79.68
|
-4.90%
|
-EUR 3.91
|
EUR 87.75
|
-13.64%
|
EUR 63.10
|
20.09%
|
|
|
|
UK Base
|
Apr-25
|
GBP 79.02
|
GBP 87.40
|
-9.58%
|
-GBP 8.37
|
GBP 89.90
|
-12.10%
|
GBP 63.11
|
25.22%
|
|
|
|
French Base
|
Apr-25
|
EUR 55.85
|
EUR 57.62
|
-3.07%
|
-EUR 1.77
|
EUR 64.25
|
-13.07%
|
EUR 57.98
|
-3.68%
|
|
|
|
Italian Base
|
Apr-25
|
EUR 111.69
|
EUR 119.33
|
-6.40%
|
-EUR 7.64
|
EUR 125.86
|
-11.25%
|
EUR 81.09
|
37.74%
|
|
|
|
JKM LNG
|
Apr-25
|
$14.31
|
$13.87
|
3.22%
|
$0.45
|
$13.99
|
2.33%
|
$10.28
|
39.28%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/26/25
|
2/25/25
|
% Change
|
Change
|
1/28/25
|
% Change
|
2/27/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-25
|
$41.70
|
$44.59
|
-6.50%
|
-$2.90
|
$48.63
|
-14.25%
|
$28.00
|
48.90%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-25
|
$98.81
|
$105.80
|
-6.61%
|
-$6.99
|
$118.85
|
-16.86%
|
$72.22
|
36.82%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-25
|
$75.78
|
$79.68
|
-4.90%
|
-$3.91
|
$87.75
|
-13.64%
|
$63.10
|
20.09%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-25
|
$79.02
|
$87.40
|
-9.58%
|
-$8.37
|
$89.90
|
-12.10%
|
$63.11
|
25.22%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-25
|
$55.85
|
$57.62
|
-3.07%
|
-$1.77
|
$64.25
|
-13.07%
|
$57.98
|
-3.68%
|
|
|
|
Supramax Timecharter (DRY)
|
Apr-25
|
$111.69
|
$119.33
|
-6.40%
|
-$7.64
|
$125.86
|
-11.25%
|
$81.09
|
37.74%
|
|
|
|
Capesize Timecharter (DRY)
|
Apr-25
|
$14.31
|
$13.87
|
3.22%
|
$0.45
|
$13.99
|
2.33%
|
$10.28
|
39.28%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
Middle Atlantic
|
|
|
|
|
|
|
|
|
|
|
|
E N Central
|
|
|
|
|
|
|
|
|
|
|
|
W N Central
|
|
|
|
|
|
|
|
|
|
|
|
South Atlantic
|
|
|
|
|
|
|
|
|
|
|
|
E S Central
|
|
|
|
|
|
|
|
|
|
|
|
W S Central
|
|
|
|
|
|
|
|
|
|
|
|
Mountain
|
|
|
|
|
|
|
|
|
|
|
|
Pacific
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
Middle Atlantic
|
|
|
|
|
|
|
|
|
|
|
|
E N Central
|
|
|
|
|
|
|
|
|
|
|
|
W N Central
|
|
|
|
|
|
|
|
|
|
|
|
South Atlantic
|
|
|
|
|
|
|
|
|
|
|
|
E S Central
|
|
|
|
|
|
|
|
|
|
|
|
W S Central
|
|
|
|
|
|
|
|
|
|
|
|
Mountain
|
|
|
|
|
|
|
|
|
|
|
|
Pacific
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
