|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:06 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.884
|
$3.934
|
-1.27%
|
-$0.050
|
19,023
|
|
|
|
WTI
|
$69.30
|
$70.35
|
-1.49%
|
-$1.05
|
48,870
|
|
|
|
Brent
|
$73.06
|
$74.04
|
-1.32%
|
-$0.98
|
228
|
|
|
|
ULSD
|
$2.376
|
$2.396
|
-0.85%
|
-$0.020
|
66
|
|
|
|
RBOB
|
$1.986
|
$1.997
|
-0.55%
|
-$0.011
|
56
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.69
|
$3.69
|
0.00%
|
$0.00
|
Apr-25
|
|
|
|
3:2:1 Crack
|
$25.59
|
$25.29
|
1.18%
|
$0.30
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/21/20
|
|
|
|
|
|
2/21/25
|
2/14/25
|
Net Change
|
% Change
|
2/23/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
362
|
419
|
-57
|
-13.60%
|
453
|
-20.09%
|
426
|
-14.98%
|
|
|
|
Midwest
|
424
|
494
|
-70
|
-14.17%
|
600
|
-29.33%
|
521
|
-18.59%
|
|
|
|
Mountain
|
168
|
182
|
-14
|
-7.69%
|
169
|
-0.59%
|
118
|
42.61%
|
|
|
|
Pacific
|
198
|
208
|
-10
|
-4.81%
|
217
|
-8.76%
|
177
|
11.74%
|
|
|
|
South
|
688
|
799
|
-111
|
-13.89%
|
935
|
-26.42%
|
794
|
-13.31%
|
|
|
|
Salt
|
159
|
214
|
-55
|
-25.70%
|
275
|
-42.18%
|
220
|
-27.86%
|
|
|
|
Non_Salt
|
528
|
585
|
-57
|
-9.74%
|
660
|
-20.00%
|
573
|
-7.92%
|
|
|
|
Total
|
1,840
|
2,101
|
-261
|
-12.42%
|
2,374
|
-22.49%
|
2,035
|
-9.59%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/25
|
2/26/25
|
% Change
|
Change
|
1/29/25
|
% Change
|
2/28/24
|
% Change
|
|
|
|
PJM West On Peak
|
Mar-25
|
$48.89
|
$47.14
|
3.72%
|
$1.76
|
$42.99
|
13.74%
|
$46.19
|
5.86%
|
|
|
|
ERCOT North On Peak
|
Mar-25
|
$35.01
|
$34.89
|
0.33%
|
$0.12
|
$34.18
|
2.43%
|
$39.46
|
-11.30%
|
|
|
|
CAISO SP 15 On Peak
|
Mar-25
|
$11.88
|
$11.75
|
1.14%
|
$0.13
|
$13.75
|
-13.57%
|
$35.61
|
-66.63%
|
|
|
|
MISO Indiana On Peak
|
Mar-25
|
$44.73
|
$43.10
|
3.78%
|
$1.63
|
$39.37
|
13.62%
|
$45.38
|
-1.44%
|
|
|
|
NEISO Mass On Peak
|
Mar-25
|
$62.71
|
$67.00
|
-6.40%
|
-$4.29
|
$59.97
|
4.57%
|
$60.90
|
2.98%
|
|
|
|
WECC Mid C On Peak
|
Mar-25
|
$39.44
|
$38.38
|
2.77%
|
$1.06
|
$41.75
|
-5.54%
|
$88.16
|
-55.26%
|
|
|
|
NYISO Zone G On Peak
|
Mar-25
|
$55.74
|
$59.56
|
-6.41%
|
-$3.82
|
$52.44
|
6.29%
|
$44.17
|
26.18%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/25
|
2/26/25
|
% Change
|
Change
|
1/29/25
|
% Change
|
2/28/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Apr-25
|
$3.934
|
$3.959
|
-0.63%
|
-$0.03
|
$3.20
|
22.98%
|
$3.02
|
30.14%
|
|
|
|
Houston Ship Channel
|
Apr-25
|
-$0.614
|
-$0.621
|
-1.19%
|
$0.01
|
-$0.45
|
35.07%
|
-$0.35
|
77.84%
|
|
|
|
Chicago
|
Apr-25
|
-$0.280
|
-$0.269
|
-4.03%
|
-$0.01
|
-$0.17
|
62.85%
|
-$0.15
|
89.38%
|
|
|
|
Waha
|
Apr-25
|
-$3.369
|
-$3.186
|
-5.73%
|
-$0.18
|
-$2.31
|
45.93%
|
-$1.06
|
217.46%
|
|
|
|
Algonquin
|
Apr-25
|
$0.172
|
$0.237
|
-27.32%
|
-$0.06
|
$0.23
|
-25.46%
|
$0.64
|
-72.95%
|
|
|
|
Aeco
|
Apr-25
|
-$2.653
|
-$2.711
|
-2.14%
|
$0.06
|
-$2.04
|
29.98%
|
-$0.82
|
221.94%
|
|
|
|
Socal
|
Apr-25
|
-$0.661
|
-$0.685
|
-3.39%
|
$0.02
|
-$0.44
|
49.03%
|
-$0.16
|
323.97%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/25
|
2/26/25
|
% Change
|
Change
|
1/29/25
|
% Change
|
2/28/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Mar-25
|
$0.880
|
$0.873
|
0.86%
|
$0.01
|
$0.85
|
3.21%
|
$0.75
|
17.43%
|
|
|
|
Mt. Belvieu Propane non LST
|
Mar-25
|
$0.890
|
$0.883
|
0.86%
|
$0.01
|
$0.87
|
2.89%
|
$0.76
|
17.52%
|
|
|
|
Mt. Belview Ethane
|
Mar-25
|
$0.269
|
$0.269
|
-0.03%
|
$0.00
|
$0.24
|
12.57%
|
$0.24
|
11.96%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Mar-25
|
$1.514
|
$1.499
|
1.02%
|
$0.02
|
$1.50
|
0.95%
|
$1.44
|
5.45%
|
|
|
|
Mt. Belvieu Butane LST
|
Mar-25
|
$0.985
|
$1.023
|
-3.76%
|
-$0.04
|
$1.04
|
-5.42%
|
$0.89
|
11.01%
|
|
|
|
Far East Propane
|
Mar-25
|
$6.021
|
$6.000
|
0.34%
|
$0.02
|
$6.12
|
-1.70%
|
$5.59
|
7.62%
|
|
|
|
Saudi Propane
|
Mar-25
|
$6.142
|
$6.030
|
1.86%
|
$0.11
|
$6.29
|
-2.35%
|
$5.33
|
15.21%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/25
|
2/26/25
|
% Change
|
Change
|
1/29/25
|
% Change
|
2/28/24
|
% Change
|
|
|
|
WTI
|
Apr-25
|
$70.35
|
$68.62
|
2.46%
|
$1.73
|
$71.98
|
-2.26%
|
$71.66
|
-1.83%
|
|
|
|
Brent
|
Apr-25
|
$74.04
|
$72.53
|
2.04%
|
$1.51
|
$75.61
|
-2.08%
|
$76.38
|
-3.06%
|
|
|
|
WCS
|
Apr-25
|
-$12.21
|
-$13.20
|
-8.07%
|
$0.99
|
-$15.10
|
-19.11%
|
-$14.26
|
-14.37%
|
|
|
|
LLS
|
Apr-25
|
$72.51
|
$71.08
|
1.97%
|
$1.43
|
$74.43
|
-2.59%
|
$74.10
|
-2.15%
|
|
|
|
Mars
|
Apr-25
|
$70.89
|
$69.44
|
2.05%
|
$1.45
|
$72.73
|
-2.54%
|
$71.03
|
-0.19%
|
|
|
|
Sour
|
Apr-25
|
$69.98
|
$68.69
|
1.84%
|
$1.29
|
$72.92
|
-4.03%
|
$71.43
|
-2.02%
|
|
|
|
ESPO
|
Apr-25
|
$72.04
|
$70.53
|
2.10%
|
$1.51
|
$73.61
|
-2.13%
|
$74.38
|
-3.15%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/25
|
2/26/25
|
% Change
|
Change
|
1/29/25
|
% Change
|
2/28/24
|
% Change
|
|
|
|
NY Heating Oil
|
Mar-25
|
$2.38
|
$2.34
|
1.71%
|
$0.04
|
$2.39
|
-0.42%
|
$2.45
|
-2.53%
|
|
|
|
NY Gasoline
|
Mar-25
|
$1.98
|
$1.96
|
0.87%
|
$0.02
|
$2.07
|
-4.39%
|
$2.03
|
-2.41%
|
|
|
|
GC Gasoline
|
Mar-25
|
$1.88
|
$1.86
|
0.91%
|
$0.02
|
$1.97
|
-4.61%
|
$1.93
|
-2.54%
|
|
|
|
GC Jet
|
Mar-25
|
$2.16
|
$2.15
|
0.51%
|
$0.01
|
$2.24
|
-3.57%
|
$2.27
|
-4.84%
|
|
|
|
Chicago Ethanol
|
Mar-25
|
$1.69
|
$1.72
|
-1.74%
|
-$0.03
|
$1.77
|
-4.47%
|
$1.42
|
19.18%
|
|
|
|
Rotterdam Gasoil
|
Mar-25
|
$642.68
|
$641.67
|
0.16%
|
$1.00
|
$676.32
|
-4.97%
|
$679.89
|
-5.47%
|
|
|
|
Singapore Jet Kero
|
Mar-25
|
$87.43
|
$88.63
|
-1.35%
|
-$1.20
|
$91.51
|
-4.45%
|
$94.26
|
-7.24%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/25
|
2/26/25
|
% Change
|
Change
|
1/29/25
|
% Change
|
2/28/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Apr-25
|
55.11%
|
59.41%
|
-7.24%
|
-4.30%
|
47.95%
|
14.93%
|
35.59%
|
54.85%
|
|
|
|
Algonquin Straddle
|
Apr-25
|
53.53%
|
57.47%
|
-6.86%
|
-3.94%
|
38.34%
|
39.62%
|
30.35%
|
76.38%
|
|
|
|
Waha Straddle
|
Apr-25
|
207.21%
|
178.38%
|
16.16%
|
28.83%
|
166.62%
|
24.36%
|
43.00%
|
381.88%
|
|
|
|
Chicago Straddle
|
Apr-25
|
59.78%
|
62.83%
|
-4.85%
|
-3.05%
|
49.98%
|
19.61%
|
33.01%
|
81.10%
|
|
|
|
PJM West Straddle
|
Apr-25
|
49.26%
|
48.29%
|
2.01%
|
0.97%
|
40.59%
|
21.36%
|
33.50%
|
47.04%
|
|
|
|
SP – 15 Straddle
|
Apr-25
|
43.31%
|
22.47%
|
92.75%
|
20.84%
|
257.54%
|
-83.18%
|
69.36%
|
-37.56%
|
|
|
|
Mid. C Straddle
|
Apr-25
|
76.00%
|
75.26%
|
0.98%
|
0.74%
|
43.81%
|
73.48%
|
76.48%
|
-0.63%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/25
|
2/26/25
|
% Change
|
Change
|
1/29/25
|
% Change
|
2/28/24
|
% Change
|
|
|
|
Dutch TTF
|
Apr-25
|
EUR 45.26
|
EUR 41.70
|
8.54%
|
EUR 3.56
|
EUR 51.42
|
-11.98%
|
EUR 28.99
|
56.12%
|
|
|
|
NBP
|
Apr-25
|
GBP 107.07
|
GBP 98.81
|
8.36%
|
GBP 8.26
|
GBP 125.49
|
-14.68%
|
GBP 74.94
|
42.87%
|
|
|
|
German Base
|
Apr-25
|
EUR 80.05
|
EUR 75.78
|
5.64%
|
EUR 4.27
|
EUR 92.80
|
-13.74%
|
EUR 65.84
|
21.59%
|
|
|
|
UK Base
|
Apr-25
|
GBP 85.65
|
GBP 79.02
|
8.39%
|
GBP 6.63
|
GBP 91.05
|
-5.93%
|
GBP 64.84
|
32.11%
|
|
|
|
French Base
|
Apr-25
|
EUR 58.18
|
EUR 55.85
|
4.18%
|
EUR 2.33
|
EUR 66.87
|
-12.99%
|
EUR 62.12
|
-6.34%
|
|
|
|
Italian Base
|
Apr-25
|
EUR 118.54
|
EUR 111.69
|
6.13%
|
EUR 6.85
|
EUR 130.05
|
-8.85%
|
EUR 83.16
|
42.55%
|
|
|
|
JKM LNG
|
Apr-25
|
$15.70
|
$14.31
|
9.72%
|
$1.39
|
$14.36
|
9.37%
|
$10.35
|
51.72%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/25
|
2/26/25
|
% Change
|
Change
|
1/29/25
|
% Change
|
2/28/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-25
|
$45.26
|
$41.70
|
8.54%
|
$3.56
|
$51.42
|
-11.98%
|
$28.99
|
56.12%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-25
|
$107.07
|
$98.81
|
8.36%
|
$8.26
|
$125.49
|
-14.68%
|
$74.94
|
42.87%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-25
|
$80.05
|
$75.78
|
5.64%
|
$4.27
|
$92.80
|
-13.74%
|
$65.84
|
21.59%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-25
|
$85.65
|
$79.02
|
8.39%
|
$6.63
|
$91.05
|
-5.93%
|
$64.84
|
32.11%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-25
|
$58.18
|
$55.85
|
4.18%
|
$2.33
|
$66.87
|
-12.99%
|
$62.12
|
-6.34%
|
|
|
|
Supramax Timecharter (DRY)
|
Apr-25
|
$118.54
|
$111.69
|
6.13%
|
$6.85
|
$130.05
|
-8.85%
|
$83.16
|
42.55%
|
|
|
|
Capesize Timecharter (DRY)
|
Apr-25
|
$15.70
|
$14.31
|
9.72%
|
$1.39
|
$14.36
|
9.37%
|
$10.35
|
51.72%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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|
