Prices as of 9:04 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.483

$3.660

-4.84%

-$0.177

50,928

 

 

WTI

$73.48

$73.13

0.48%

$0.35

91,117

 

 

Brent

$76.13

$75.93

0.26%

$0.20

14,721

 

 

ULSD

$2.342

$2.354

-0.50%

-$0.012

12,365

 

 

RBOB

$2.057

$2.052

0.26%

$0.005

8,816

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.34

$3.43

-2.62%

-$0.09

Mar-25

 

 

3:2:1 Crack

$17.86

$18.17

-1.68%

-$0.31

Feb-25

 

 

PJM West Spark

$48.90

$45.05

8.55%

$3.85

Feb-25

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

12/27/25

589

0

-33

12/29/24

 

 

Canada

12/27/25

95

-71

9

12/29/24

 

 

International

Dec

909

-10

-46

Dec

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 12/17/2024

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

89,524

89,138

89,077

61

 

 

PJM West Off Peak

83,405

83,325

82,434

891

 

 

Natural Gas Henry Hub

329,663

317,346

315,738

1,608

 

 

WTI – Light Sweet Crude Futures

162,902

138,833

136,490

2,343

 

 

Brent Crude Last Day

154,989

147,240

147,842

-602

 

 

NYM Ethanol

32,655

31,726

32,166

-440

 

 

Mt Belvieu LDH Propane Swap

140,649

139,882

140,308

-426

 

 

RBOB

389,438

367,350

368,473

-1,123

 

 

HSC Basis

853,824

842,973

841,779

1,194

 

 

 

 

EIA Short Term Energy Outlook

 

 

 

 

 

 

 

2022

2023

2024projected

2025projected

 

 

Brent

$101.00

$82.00

$83.00

$84.00

 

 

Gasoline

$4.00

$3.50

$3.30

$3.30

 

 

Crude Oil Production

12.00

12.90

13.30

13.70

 

 

Natural Gas Spot

$6.40

$2.50

$2.20

$3.10

 

 

LNG Exports

11.00

12.00

12.00

14.00

 

 

 

 

 

 

 

 

 

 

Electrical Generation %

2022

2023

2024projected

2025projected

 

 

Natural gas

39.00%

42.00%

42.00%

39.00%

 

 

Coal

20.00%

17.00%

16.00%

16.00%

 

 

Renewables

21.00%

21.00%

23.00%

25.00%

 

 

Nuclear

19.00%

19.00%

19.00%

19.00%

 

 

 

 

 

 

 

 

 

 

 

Short Term Energy Outlook

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

12/20/19

 

 

 

12/20/24

12/13/24

Net Change

% Change

12/22/23

% Change

5 Year Avg.

% Change

 

 

East

792

822

-30

-3.65%

805

-1.61%

787

0.64%

 

 

Midwest

960

1,007

-47

-4.67%

985

-2.54%

940

2.17%

 

 

Mountain

267

274

-7

-2.55%

232

15.09%

192

39.21%

 

 

Pacific

293

296

-3

-1.01%

280

4.64%

246

19.20%

 

 

South

1,217

1,222

-5

-0.41%

1,187

2.53%

1,143

6.46%

 

 

    Salt

349

338

11

3.25%

329

6.08%

324

7.65%

 

 

    Non_Salt

868

884

-16

-1.81%

858

1.17%

819

5.96%

 

 

Total

3,529

3,622

-93

-2.57%

3,490

1.12%

3,308

6.69%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/2/25

12/31/24

% Change

Change

12/3/24

% Change

1/3/24

% Change

 

 

PJM West On Peak

Feb-25

$56.37

$52.88

6.59%

$3.48

$50.06

12.59%

$55.67

1.26%

 

 

ERCOT North On Peak

Feb-25

$58.45

$53.13

10.01%

$5.32

$59.24

-1.33%

$75.10

-22.17%

 

 

CAISO SP 15 On Peak

Feb-25

$35.99

$36.34

-0.96%

-$0.35

$38.06

-5.44%

$62.99

-42.86%

 

 

MISO Indiana On Peak

Feb-25

$48.13

$45.40

6.00%

$2.72

$43.45

10.76%

$48.85

-1.47%

 

 

NEISO Mass On Peak

Feb-25

$104.36

$104.64

-0.26%

-$0.28

$93.21

11.97%

$104.81

-0.43%

 

 

WECC Mid C On Peak

Feb-25

$57.32

$55.17

3.89%

$2.15

$61.39

-6.64%

$92.59

-38.10%

 

 

NYISO Zone G On Peak

Feb-25

$90.43

$83.48

8.32%

$6.95

$73.16

23.60%

$84.50

7.01%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/2/25

12/31/24

% Change

Change

12/3/24

% Change

1/3/24

% Change

 

 

NYMEX Henry Hub

Feb-25

$3.660

$3.633

0.74%

$0.03

$2.92

25.43%

$3.74

-2.14%

 

 

Houston Ship Channel

Feb-25

-$0.002

$0.022

-111.01%

-$0.02

-$0.06

-96.21%

$0.18

-101.30%

 

 

Chicago

Feb-25

$0.875

$0.867

-0.91%

$0.01

$0.71

23.86%

$0.79

10.50%

 

 

Waha

Feb-25

-$0.769

-$0.522

-47.40%

-$0.25

-$0.53

45.89%

-$0.10

665.17%

 

 

Algonquin

Feb-25

$9.279

$9.991

-7.13%

-$0.71

$7.19

28.97%

$7.65

21.31%

 

 

Aeco

Feb-25

-$2.162

-$2.026

6.69%

-$0.14

-$1.49

45.43%

-$1.21

78.10%

 

 

Socal

Feb-25

$0.460

$0.457

0.68%

$0.00

$0.90

-48.82%

$2.40

-80.81%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/2/25

12/31/24

% Change

Change

12/3/24

% Change

1/3/24

% Change

 

 

Mt. Belvieu Propane LST

Feb-25

$0.847

$0.815

3.98%

$0.03

$0.81

3.97%

$0.71

20.10%

 

 

Mt. Belvieu Propane non LST

Feb-25

$0.847

$0.806

5.05%

$0.04

$0.82

3.76%

$0.71

18.47%

 

 

Mt. Belview Ethane

Feb-25

$0.274

$0.260

5.24%

$0.01

$0.22

27.25%

$0.25

8.41%

 

 

Mt. Belview Nat. Gasoline

Feb-25

$1.540

$1.522

1.18%

$0.02

$1.46

5.16%

$1.41

9.30%

 

 

Mt. Belvieu Butane LST

Feb-25

$1.136

$1.121

1.30%

$0.01

$1.02

11.07%

$0.87

29.80%

 

 

Far East Propane

Feb-25

$6.260

$6.179

1.30%

$0.08

$6.10

2.62%

$5.77

8.44%

 

 

Saudi Propane

Feb-25

$6.270

$6.201

1.11%

$0.07

$6.17

1.62%

$5.49

14.13%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/2/25

12/31/24

% Change

Change

12/3/24

% Change

1/3/24

% Change

 

 

WTI

Feb-25

$73.13

$71.72

1.93%

$1.41

$69.54

5.16%

$70.60

3.58%

 

 

Brent

Feb-25

$76.15

$74.82

1.75%

$1.33

$73.62

3.44%

$75.63

0.69%

 

 

WCS

Feb-25

-$12.90

-$12.95

-0.38%

$0.05

-$12.90

0.00%

-$15.26

-15.44%

 

 

LLS

Feb-25

$73.13

$72.41

0.98%

$0.71

$69.55

5.15%

$72.72

0.56%

 

 

Mars

Feb-25

$71.23

$70.51

1.00%

$0.71

$66.90

6.47%

$69.43

2.59%

 

 

Sour

Feb-25

$71.55

$70.93

0.87%

$0.62

$67.90

5.37%

$70.38

1.67%

 

 

ESPO

Feb-25

$74.15

$72.82

1.79%

$1.33

$71.62

3.54%

$73.63

0.71%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/2/25

12/31/24

% Change

Change

12/3/24

% Change

1/3/24

% Change

 

 

NY Heating Oil

Feb-25

$2.36

$2.29

3.01%

$0.07

$2.22

6.35%

$2.43

-2.92%

 

 

NY Gasoline

Feb-25

$2.05

$1.98

3.58%

$0.07

$1.95

5.28%

$2.01

2.34%

 

 

GC Gasoline

Feb-25

$1.95

$1.88

3.77%

$0.07

$1.85

5.57%

$1.91

2.47%

 

 

GC Jet

Feb-25

$2.25

$2.22

1.31%

$0.03

$2.06

8.92%

$2.27

-1.14%

 

 

Chicago Ethanol

Feb-25

$1.70

$1.69

0.30%

$0.00

$1.56

8.79%

$1.53

10.50%

 

 

Rotterdam Gasoil

Feb-25

$663.24

$643.00

3.15%

$20.24

$629.69

5.33%

$676.16

-1.91%

 

 

Singapore Jet Kero

Feb-25

$90.70

$88.59

2.38%

$2.11

$86.43

4.94%

$89.48

1.36%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/2/25

12/31/24

% Change

Change

12/3/24

% Change

1/3/24

% Change

 

 

Henry Hub Straddle

Feb-25

84.52%

101.85%

-17.02%

-17.33%

74.43%

13.56%

47.39%

78.35%

 

 

Algonquin Straddle

Feb-25

126.25%

139.35%

-9.40%

-13.10%

89.14%

41.63%

58.87%

114.46%

 

 

Waha Straddle

Feb-25

74.73%

82.70%

-9.64%

-7.97%

73.37%

1.85%

47.92%

55.95%

 

 

Chicago Straddle

Feb-25

80.10%

93.50%

-14.33%

-13.40%

72.37%

10.68%

44.39%

80.45%

 

 

PJM West Straddle

Feb-25

103.27%

99.41%

3.88%

3.86%

84.88%

21.67%

45.60%

126.47%

 

 

SP – 15 Straddle

Feb-25

228.29%

214.72%

6.32%

13.57%

258.78%

-11.78%

23.75%

861.22%

 

 

Mid. C Straddle

Feb-25

64.01%

75.48%

-15.20%

-11.47%

77.37%

-17.27%

24.30%

163.42%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/2/25

12/31/24

% Change

Change

12/3/24

% Change

1/3/24

% Change

 

 

Dutch TTF

Feb-25

EUR 50.46

EUR 50.52

-0.11%

-EUR 0.05

EUR 48.41

4.25%

EUR 38.39

31.44%

 

 

NBP

Feb-25

GBP 123.89

GBP 125.63

-1.38%

-GBP 1.73

GBP 121.74

1.77%

GBP 100.57

23.20%

 

 

German Base

Feb-25

EUR 113.18

EUR 114.85

-1.46%

-EUR 1.67

EUR 115.87

-2.33%

EUR 106.62

6.15%

 

 

UK Base

Feb-25

GBP 102.45

GBP 100.93

1.50%

GBP 1.51

GBP 103.45

-0.97%

GBP 93.93

9.07%

 

 

French Base

Feb-25

EUR 103.38

EUR 104.33

-0.90%

-EUR 0.94

EUR 113.40

-8.83%

EUR 109.88

-5.91%

 

 

Italian Base

Feb-25

EUR 141.92

EUR 140.03

1.35%

EUR 1.89

EUR 135.61

4.65%

EUR 116.98

21.32%

 

 

JKM LNG

Feb-25

$14.61

$14.77

-1.06%

-$0.16

$15.18

-3.71%

$13.47

8.48%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/2/25

12/31/24

% Change

Change

12/3/24

% Change

1/3/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Feb-25

$50.46

$50.52

-0.11%

-$0.05

$48.41

4.25%

$38.39

31.44%

 

 

USGC-UK Continent Dirty (WET)

Feb-25

$123.89

$125.63

-1.38%

-$1.73

$121.74

1.77%

$100.57

23.20%

 

 

TD20 West Africa to UK Continent (WET)

Feb-25

$113.18

$114.85

-1.46%

-$1.67

$115.87

-2.33%

$106.62

6.15%

 

 

LPG FFA Middle East Gulf to East (WET)

Feb-25

$102.45

$100.93

1.50%

$1.51

$103.45

-0.97%

$93.93

9.07%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Feb-25

$103.38

$104.33

-0.90%

-$0.94

$113.40

-8.83%

$109.88

-5.91%

 

 

Supramax Timecharter (DRY)

Feb-25

$141.92

$140.03

1.35%

$1.89

$135.61

4.65%

$116.98

21.32%

 

 

Capesize Timecharter (DRY)

Feb-25

$14.61

$14.77

-1.06%

-$0.16

$15.18

-3.71%

$13.47

8.48%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/28/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

570

153

20

37.00%

3.00%

 

 

Middle Atlantic

0

0

0

772

116

74

18.00%

11.00%

 

 

E N Central

0

0

0

782

73

118

10.00%

18.00%

 

 

W N Central

0

0

0

998

71

-59

8.00%

-6.00%

 

 

South Atlantic

4

-2

-2

2,180

217

127

11.00%

6.00%

 

 

E S Central

0

-1

0

1,827

279

196

18.00%

12.00%

 

 

W S Central

3

1

-1

2,862

413

-79

17.00%

-3.00%

 

 

Mountain

0

0

0

1,428

185

175

15.00%

14.00%

 

 

Pacific

0

0

0

906

202

211

29.00%

30.00%

 

 

United States

1

0

-1

1,402

186

97

15.00%

7.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/28/2024

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

301

38

92

2,168

-178

137

-8.00%

7.00%

 

 

Middle Atlantic

265

21

73

1,888

-195

47

-9.00%

3.00%

 

 

E N Central

212

-65

50

1,986

-364

-3

-15.00%

0.00%

 

 

W N Central

210

-92

26

2,092

-471

21

-18.00%

1.00%

 

 

South Atlantic

140

3

51

902

-120

-6

-12.00%

-1.00%

 

 

E S Central

136

-40

20

1,069

-263

-57

-20.00%

-5.00%

 

 

W S Central

69

-60

-29

571

-277

-184

-33.00%

-24.00%

 

 

Mountain

171

-47

-37

1,730

-323

-35

-16.00%

-2.00%

 

 

Pacific

108

-24

-3

1,047

-149

74

-12.00%

8.00%

 

 

United States

171

-28

29

1,411

-241

-2

-15.00%

0.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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