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Prices as of 8:21 AM CST
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Current Price
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Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
Natural Gas
|
$3.686
|
$3.354
|
9.90%
|
$0.332
|
57,311
|
|
|
WTI
|
$74.24
|
$73.96
|
0.38%
|
$0.28
|
84,091
|
|
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Brent
|
$76.83
|
$76.51
|
0.42%
|
$0.32
|
19,039
|
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ULSD
|
$2.365
|
$2.348
|
0.71%
|
$0.017
|
16,802
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RBOB
|
$2.059
|
$2.054
|
0.24%
|
$0.005
|
8,463
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Spreads
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Current
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Previous
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% Change
|
Change
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Contract
|
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WTI-Brent
|
$3.37
|
$3.30
|
2.12%
|
$0.07
|
Mar-25
|
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3:2:1 Crack
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$17.73
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$17.53
|
1.15%
|
$0.20
|
Feb-25
|
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PJM West Spark
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$44.21
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$49.19
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-10.12%
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-$4.98
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Feb-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.
|
01/03/25
|
589
|
0
|
-32
|
01/06/24
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Canada
|
01/03/25
|
94
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-1
|
-31
|
01/06/24
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International
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Dec
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909
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-10
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-46
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Dec
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CFTC Net Positions
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As of 12/24/2024
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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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92,680
|
92,290
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92,233
|
57
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PJM West Off Peak
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85,476
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85,383
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84,516
|
867
|
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Natural Gas Henry Hub
|
336,524
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323,144
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322,730
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414
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WTI – Light Sweet Crude Futures
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166,999
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144,300
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138,007
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6,293
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Brent Crude Last Day
|
158,344
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151,649
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151,314
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335
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NYM Ethanol
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35,361
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34,396
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34,970
|
-574
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Mt Belvieu LDH Propane Swap
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143,760
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142,869
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143,439
|
-570
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RBOB
|
377,350
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354,966
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356,151
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-1,185
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HSC Basis
|
878,140
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868,117
|
868,052
|
65
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EIA Short Term Energy Outlook
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2022
|
2023
|
2024projected
|
2025projected
|
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Brent
|
$101.00
|
$82.00
|
$83.00
|
$84.00
|
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Gasoline
|
$4.00
|
$3.50
|
$3.30
|
$3.30
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Crude Oil Production
|
12.00
|
12.90
|
13.30
|
13.70
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Natural Gas Spot
|
$6.40
|
$2.50
|
$2.20
|
$3.10
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LNG Exports
|
11.00
|
12.00
|
12.00
|
14.00
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Electrical Generation %
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2022
|
2023
|
2024projected
|
2025projected
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Natural gas
|
39.00%
|
42.00%
|
42.00%
|
39.00%
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Coal
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20.00%
|
17.00%
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16.00%
|
16.00%
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Renewables
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21.00%
|
21.00%
|
23.00%
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25.00%
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Nuclear
|
19.00%
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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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EIA Lower 48 Natural Gas Storage
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|
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|
12/27/19
|
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|
12/27/24
|
12/20/24
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Net Change
|
% Change
|
12/29/23
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
East
|
745
|
792
|
-47
|
-5.93%
|
799
|
-6.76%
|
759
|
-1.79%
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Midwest
|
914
|
960
|
-46
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-4.79%
|
968
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-5.58%
|
906
|
0.93%
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Mountain
|
262
|
267
|
-5
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-1.87%
|
228
|
14.91%
|
185
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41.47%
|
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Pacific
|
295
|
293
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2
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0.68%
|
280
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5.36%
|
239
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23.22%
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South
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1,197
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1,217
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-20
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-1.64%
|
1,201
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-0.33%
|
1,128
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6.12%
|
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Salt
|
349
|
349
|
0
|
0.00%
|
344
|
1.45%
|
321
|
8.59%
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Non_Salt
|
848
|
868
|
-20
|
-2.30%
|
857
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-1.05%
|
807
|
5.13%
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Total
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3,413
|
3,529
|
-116
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-3.29%
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3,476
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-1.81%
|
3,217
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6.10%
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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
|
1/3/25
|
1/2/25
|
% Change
|
Change
|
12/4/24
|
% Change
|
1/4/24
|
% Change
|
|
|
PJM West On Peak
|
Feb-25
|
$52.15
|
$56.37
|
-7.48%
|
-$4.22
|
$51.10
|
2.05%
|
$57.22
|
-8.86%
|
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ERCOT North On Peak
|
Feb-25
|
$53.98
|
$58.45
|
-7.65%
|
-$4.47
|
$62.15
|
-13.14%
|
$77.56
|
-30.40%
|
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CAISO SP 15 On Peak
|
Feb-25
|
$35.75
|
$35.99
|
-0.67%
|
-$0.24
|
$37.85
|
-5.55%
|
$63.86
|
-44.02%
|
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MISO Indiana On Peak
|
Feb-25
|
$45.56
|
$48.13
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-5.33%
|
-$2.56
|
$45.09
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1.04%
|
$50.29
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-9.40%
|
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NEISO Mass On Peak
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Feb-25
|
$95.72
|
$104.36
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-8.29%
|
-$8.65
|
$94.75
|
1.02%
|
$105.69
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-9.44%
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WECC Mid C On Peak
|
Feb-25
|
$54.31
|
$57.32
|
-5.25%
|
-$3.01
|
$61.10
|
-11.12%
|
$90.15
|
-39.76%
|
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NYISO Zone G On Peak
|
Feb-25
|
$81.34
|
$90.43
|
-10.05%
|
-$9.09
|
$76.24
|
6.69%
|
$86.58
|
-6.05%
|
|
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|
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Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
1/3/25
|
1/2/25
|
% Change
|
Change
|
12/4/24
|
% Change
|
1/4/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Feb-25
|
$3.354
|
$3.660
|
-8.36%
|
-$0.31
|
$2.92
|
14.75%
|
$3.79
|
-11.57%
|
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Houston Ship Channel
|
Feb-25
|
$0.012
|
-$0.002
|
-595.83%
|
$0.01
|
-$0.08
|
-115.80%
|
$0.18
|
-93.42%
|
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Chicago
|
Feb-25
|
$0.836
|
$0.875
|
4.69%
|
-$0.04
|
$0.67
|
24.57%
|
$0.82
|
2.43%
|
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Waha
|
Feb-25
|
-$0.572
|
-$0.769
|
-25.68%
|
$0.20
|
-$0.59
|
-2.69%
|
-$0.11
|
441.19%
|
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Algonquin
|
Feb-25
|
$8.147
|
$9.279
|
-12.20%
|
-$1.13
|
$7.38
|
10.36%
|
$7.82
|
4.13%
|
|
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Aeco
|
Feb-25
|
-$2.171
|
-$2.162
|
0.42%
|
-$0.01
|
-$1.47
|
47.40%
|
-$1.22
|
77.34%
|
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Socal
|
Feb-25
|
$0.459
|
$0.460
|
-0.24%
|
$0.00
|
$0.86
|
-46.66%
|
$2.58
|
-82.17%
|
|
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|
|
|
|
|
|
|
|
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|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
1/3/25
|
1/2/25
|
% Change
|
Change
|
12/4/24
|
% Change
|
1/4/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Feb-25
|
$0.860
|
$0.847
|
1.48%
|
$0.01
|
$0.80
|
7.80%
|
$0.70
|
22.58%
|
|
|
Mt. Belvieu Propane non LST
|
Feb-25
|
$0.861
|
$0.847
|
1.68%
|
$0.01
|
$0.82
|
5.01%
|
$0.71
|
21.63%
|
|
|
Mt. Belview Ethane
|
Feb-25
|
$0.264
|
$0.274
|
-3.57%
|
-$0.01
|
$0.21
|
23.43%
|
$0.26
|
3.15%
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-25
|
$1.543
|
$1.540
|
0.16%
|
$0.00
|
$1.45
|
6.10%
|
$1.39
|
11.36%
|
|
|
Mt. Belvieu Butane LST
|
Feb-25
|
$1.128
|
$1.136
|
-0.65%
|
-$0.01
|
$1.02
|
10.84%
|
$0.86
|
31.09%
|
|
|
Far East Propane
|
Feb-25
|
$6.229
|
$6.260
|
-0.50%
|
-$0.03
|
$6.09
|
2.28%
|
$5.82
|
6.95%
|
|
|
Saudi Propane
|
Feb-25
|
$6.270
|
$6.270
|
0.00%
|
$0.00
|
$6.15
|
1.95%
|
$5.51
|
13.87%
|
|
|
|
|
|
|
|
|
|
|
|
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|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
1/3/25
|
1/2/25
|
% Change
|
Change
|
12/4/24
|
% Change
|
1/4/24
|
% Change
|
|
|
WTI
|
Feb-25
|
$73.96
|
$73.13
|
1.12%
|
$0.83
|
$68.19
|
8.46%
|
$69.91
|
5.79%
|
|
|
Brent
|
Feb-25
|
$76.77
|
$76.15
|
0.80%
|
$0.61
|
$72.31
|
6.17%
|
$74.79
|
2.65%
|
|
|
WCS
|
Feb-25
|
-$12.17
|
-$12.90
|
-5.97%
|
$0.73
|
-$13.00
|
-6.36%
|
-$15.20
|
-19.91%
|
|
|
LLS
|
Feb-25
|
$74.44
|
$73.13
|
1.77%
|
$1.32
|
$71.26
|
4.46%
|
$73.53
|
1.25%
|
|
|
Mars
|
Feb-25
|
$72.50
|
$71.23
|
1.75%
|
$1.27
|
$68.86
|
5.27%
|
$70.38
|
3.00%
|
|
|
Sour
|
Feb-25
|
$72.66
|
$71.55
|
1.52%
|
$1.10
|
$69.60
|
4.40%
|
$69.70
|
4.24%
|
|
|
ESPO
|
Feb-25
|
$74.77
|
$74.15
|
0.82%
|
$0.61
|
$70.31
|
6.34%
|
$72.79
|
2.72%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
1/3/25
|
1/2/25
|
% Change
|
Change
|
12/4/24
|
% Change
|
1/4/24
|
% Change
|
|
|
NY Heating Oil
|
Feb-25
|
$2.35
|
$2.36
|
-0.30%
|
-$0.01
|
$2.18
|
7.98%
|
$2.43
|
-3.21%
|
|
|
NY Gasoline
|
Feb-25
|
$2.05
|
$2.05
|
0.00%
|
$0.00
|
$1.95
|
5.17%
|
$1.97
|
4.37%
|
|
|
GC Gasoline
|
Feb-25
|
$1.95
|
$1.95
|
0.00%
|
$0.00
|
$1.85
|
5.45%
|
$1.87
|
4.61%
|
|
|
GC Jet
|
Feb-25
|
$2.24
|
$2.25
|
-0.49%
|
-$0.01
|
$2.04
|
9.88%
|
$2.24
|
0.00%
|
|
|
Chicago Ethanol
|
Feb-25
|
$1.67
|
$1.70
|
-1.47%
|
-$0.03
|
$1.57
|
6.71%
|
$1.55
|
7.67%
|
|
|
Rotterdam Gasoil
|
Feb-25
|
$658.02
|
$663.24
|
-0.79%
|
-$5.22
|
$621.12
|
5.94%
|
$670.82
|
-1.91%
|
|
|
Singapore Jet Kero
|
Feb-25
|
$89.90
|
$90.70
|
-0.88%
|
-$0.80
|
$87.76
|
2.44%
|
$92.25
|
-2.55%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
1/3/25
|
1/2/25
|
% Change
|
Change
|
12/4/24
|
% Change
|
1/4/24
|
% Change
|
|
|
Henry Hub Straddle
|
Feb-25
|
88.94%
|
84.52%
|
5.23%
|
4.42%
|
66.21%
|
34.33%
|
46.62%
|
90.78%
|
|
|
Algonquin Straddle
|
Feb-25
|
125.19%
|
126.25%
|
-0.84%
|
-1.06%
|
82.45%
|
51.84%
|
59.27%
|
111.22%
|
|
|
Waha Straddle
|
Feb-25
|
70.86%
|
74.73%
|
-5.18%
|
-3.87%
|
66.25%
|
6.96%
|
48.10%
|
47.32%
|
|
|
Chicago Straddle
|
Feb-25
|
81.99%
|
80.10%
|
2.36%
|
1.89%
|
64.91%
|
26.31%
|
44.02%
|
86.26%
|
|
|
PJM West Straddle
|
Feb-25
|
98.72%
|
103.27%
|
-4.41%
|
-4.55%
|
85.90%
|
14.92%
|
44.21%
|
123.30%
|
|
|
SP – 15 Straddle
|
Feb-25
|
224.72%
|
228.29%
|
-1.56%
|
-3.57%
|
268.14%
|
-16.19%
|
24.38%
|
821.74%
|
|
|
Mid. C Straddle
|
Feb-25
|
82.90%
|
64.01%
|
29.51%
|
18.89%
|
72.72%
|
14.00%
|
24.55%
|
237.68%
|
|
|
|
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Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
1/3/25
|
1/2/25
|
% Change
|
Change
|
12/4/24
|
% Change
|
1/4/24
|
% Change
|
|
|
Dutch TTF
|
Feb-25
|
EUR 50.17
|
EUR 50.46
|
-0.57%
|
-EUR 0.29
|
EUR 47.30
|
6.07%
|
EUR 38.46
|
30.44%
|
|
|
NBP
|
Feb-25
|
GBP 124.10
|
GBP 123.89
|
0.17%
|
GBP 0.21
|
GBP 118.37
|
4.85%
|
GBP 102.61
|
20.94%
|
|
|
German Base
|
Feb-25
|
EUR 112.32
|
EUR 113.18
|
-0.76%
|
-EUR 0.86
|
EUR 113.59
|
-1.13%
|
EUR 106.11
|
5.85%
|
|
|
UK Base
|
Feb-25
|
GBP 103.10
|
GBP 102.45
|
0.64%
|
GBP 0.65
|
GBP 102.80
|
0.29%
|
GBP 97.03
|
6.26%
|
|
|
French Base
|
Feb-25
|
EUR 105.31
|
EUR 103.38
|
1.86%
|
EUR 1.93
|
EUR 109.89
|
-4.16%
|
EUR 109.41
|
-3.75%
|
|
|
Italian Base
|
Feb-25
|
EUR 142.24
|
EUR 141.92
|
0.22%
|
EUR 0.31
|
EUR 134.20
|
5.99%
|
EUR 119.18
|
19.35%
|
|
|
JKM LNG
|
Feb-25
|
$14.69
|
$14.61
|
0.55%
|
$0.08
|
$14.85
|
-1.08%
|
$14.04
|
4.64%
|
|
|
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|
|
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|
|
|
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|
|
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Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
1/3/25
|
1/2/25
|
% Change
|
Change
|
12/4/24
|
% Change
|
1/4/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Feb-25
|
$50.17
|
$50.46
|
-0.57%
|
-$0.29
|
$47.30
|
6.07%
|
$38.46
|
30.44%
|
|
|
USGC-UK Continent Dirty (WET)
|
Feb-25
|
$124.10
|
$123.89
|
0.17%
|
$0.21
|
$118.37
|
4.85%
|
$102.61
|
20.94%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Feb-25
|
$112.32
|
$113.18
|
-0.76%
|
-$0.86
|
$113.59
|
-1.13%
|
$106.11
|
5.85%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Feb-25
|
$103.10
|
$102.45
|
0.64%
|
$0.65
|
$102.80
|
0.29%
|
$97.03
|
6.26%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Feb-25
|
$105.31
|
$103.38
|
1.86%
|
$1.93
|
$109.89
|
-4.16%
|
$109.41
|
-3.75%
|
|
|
Supramax Timecharter (DRY)
|
Feb-25
|
$142.24
|
$141.92
|
0.22%
|
$0.31
|
$134.20
|
5.99%
|
$119.18
|
19.35%
|
|
|
Capesize Timecharter (DRY)
|
Feb-25
|
$14.69
|
$14.61
|
0.55%
|
$0.08
|
$14.85
|
-1.08%
|
$14.04
|
4.64%
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/04/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
New England
|
0
|
0
|
0
|
564
|
147
|
14
|
35.00%
|
2.00%
|
|
|
Middle Atlantic
|
0
|
0
|
0
|
765
|
109
|
67
|
17.00%
|
10.00%
|
|
|
E N Central
|
0
|
0
|
0
|
779
|
70
|
115
|
10.00%
|
17.00%
|
|
|
W N Central
|
0
|
0
|
0
|
998
|
71
|
-59
|
8.00%
|
-6.00%
|
|
|
South Atlantic
|
6
|
-1
|
6
|
2,185
|
220
|
131
|
11.00%
|
6.00%
|
|
|
E S Central
|
0
|
-1
|
0
|
1,827
|
279
|
196
|
18.00%
|
12.00%
|
|
|
W S Central
|
1
|
-1
|
1
|
2,861
|
411
|
-80
|
17.00%
|
-3.00%
|
|
|
Mountain
|
0
|
0
|
0
|
1,424
|
181
|
171
|
15.00%
|
14.00%
|
|
|
Pacific
|
0
|
0
|
0
|
906
|
202
|
211
|
29.00%
|
30.00%
|
|
|
United States
|
1
|
-1
|
1
|
1,401
|
184
|
96
|
15.00%
|
7.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/04/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
New England
|
200
|
-73
|
-17
|
2,369
|
-250
|
122
|
-10.00%
|
5.00%
|
|
|
Middle Atlantic
|
206
|
-48
|
-5
|
2,094
|
-243
|
42
|
-10.00%
|
2.00%
|
|
|
E N Central
|
233
|
-54
|
3
|
2,220
|
-417
|
0
|
-16.00%
|
0.00%
|
|
|
W N Central
|
260
|
-51
|
9
|
2,352
|
-522
|
31
|
-18.00%
|
1.00%
|
|
|
South Atlantic
|
109
|
-33
|
-30
|
1,012
|
-153
|
-36
|
-13.00%
|
-3.00%
|
|
|
E S Central
|
140
|
-43
|
-51
|
1,209
|
-306
|
-107
|
-20.00%
|
-8.00%
|
|
|
W S Central
|
85
|
-49
|
-57
|
656
|
-326
|
-241
|
-33.00%
|
-27.00%
|
|
|
Mountain
|
186
|
-34
|
-17
|
1,916
|
-357
|
-52
|
-16.00%
|
-3.00%
|
|
|
Pacific
|
116
|
-17
|
-9
|
1,163
|
-166
|
65
|
-12.00%
|
6.00%
|
|
|
United States
|
163
|
-42
|
-18
|
1,574
|
-282
|
-20
|
-15.00%
|
-1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|