|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 9:15 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.977
|
$3.989
|
-0.30%
|
-$0.012
|
83,011
|
|
|
|
WTI
|
$77.55
|
$76.57
|
1.28%
|
$0.98
|
178,489
|
|
|
|
Brent
|
$80.48
|
$79.76
|
0.90%
|
$0.72
|
32,707
|
|
|
|
ULSD
|
$2.536
|
$2.502
|
1.39%
|
$0.035
|
31,913
|
|
|
|
RBOB
|
$2.102
|
$2.075
|
1.29%
|
$0.027
|
14,280
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.99
|
$4.01
|
-0.50%
|
-$0.02
|
Mar-25
|
|
|
|
3:2:1 Crack
|
$18.12
|
$17.83
|
1.65%
|
$0.29
|
Feb-25
|
|
|
|
PJM West Spark
|
$47.20
|
$44.29
|
6.57%
|
$2.91
|
Feb-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
01/10/25
|
584
|
-5
|
-35
|
01/13/24
|
|
|
|
Canada
|
01/10/25
|
216
|
122
|
3
|
01/13/24
|
|
|
|
International
|
Dec
|
909
|
-10
|
-46
|
Dec
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 12/31/2024
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
93,613
|
93,232
|
93,165
|
67
|
|
|
|
PJM West Off Peak
|
86,326
|
86,240
|
85,376
|
864
|
|
|
|
Natural Gas Henry Hub
|
328,269
|
315,458
|
315,858
|
-400
|
|
|
|
WTI – Light Sweet Crude Futures
|
167,767
|
144,842
|
138,100
|
6,742
|
|
|
|
Brent Crude Last Day
|
146,415
|
140,002
|
139,580
|
422
|
|
|
|
NYM Ethanol
|
35,915
|
34,905
|
35,470
|
-565
|
|
|
|
Mt Belvieu LDH Propane Swap
|
143,497
|
142,714
|
143,191
|
-477
|
|
|
|
RBOB
|
373,671
|
352,464
|
354,093
|
-1,629
|
|
|
|
HSC Basis
|
886,519
|
876,796
|
874,644
|
2,152
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EIA Lower 48 Natural Gas Storage
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/03/20
|
|
|
|
|
|
1/3/25
|
12/27/24
|
Net Change
|
% Change
|
1/5/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
737
|
745
|
-8
|
-1.07%
|
757
|
-2.64%
|
734
|
0.44%
|
|
|
|
Midwest
|
881
|
914
|
-33
|
-3.61%
|
924
|
-4.65%
|
869
|
1.36%
|
|
|
|
Mountain
|
255
|
262
|
-7
|
-2.67%
|
220
|
15.91%
|
177
|
43.91%
|
|
|
|
Pacific
|
293
|
295
|
-2
|
-0.68%
|
275
|
6.55%
|
232
|
26.18%
|
|
|
|
South
|
1,207
|
1,197
|
10
|
0.84%
|
1,160
|
4.05%
|
1,108
|
8.97%
|
|
|
|
Salt
|
364
|
349
|
15
|
4.30%
|
332
|
9.64%
|
321
|
13.25%
|
|
|
|
Non_Salt
|
844
|
848
|
-4
|
-0.47%
|
828
|
1.93%
|
786
|
7.32%
|
|
|
|
Total
|
3,373
|
3,413
|
-40
|
-1.17%
|
3,336
|
1.11%
|
3,120
|
8.12%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/10/25
|
1/9/25
|
% Change
|
Change
|
12/11/24
|
% Change
|
1/11/24
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-25
|
$55.73
|
$52.83
|
5.50%
|
$2.90
|
$54.90
|
1.51%
|
$62.37
|
-10.64%
|
|
|
|
ERCOT North On Peak
|
Feb-25
|
$58.86
|
$56.36
|
4.44%
|
$2.50
|
$65.05
|
-9.51%
|
$84.67
|
-30.49%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-25
|
$36.25
|
$35.31
|
2.66%
|
$0.94
|
$38.49
|
-5.82%
|
$66.23
|
-45.26%
|
|
|
|
MISO Indiana On Peak
|
Feb-25
|
$49.23
|
$46.00
|
7.03%
|
$3.23
|
$47.77
|
3.06%
|
$56.02
|
-12.11%
|
|
|
|
NEISO Mass On Peak
|
Feb-25
|
$113.82
|
$103.58
|
9.89%
|
$10.24
|
$106.97
|
6.41%
|
$115.64
|
-1.57%
|
|
|
|
WECC Mid C On Peak
|
Feb-25
|
$59.28
|
$56.42
|
5.05%
|
$2.85
|
$61.12
|
-3.02%
|
$106.89
|
-44.54%
|
|
|
|
NYISO Zone G On Peak
|
Feb-25
|
$98.25
|
$92.81
|
5.87%
|
$5.44
|
$83.92
|
17.08%
|
$95.82
|
2.54%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/10/25
|
1/9/25
|
% Change
|
Change
|
12/11/24
|
% Change
|
1/11/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Feb-25
|
$3.989
|
$3.701
|
7.78%
|
$0.29
|
$3.16
|
26.31%
|
$3.87
|
3.05%
|
|
|
|
Houston Ship Channel
|
Feb-25
|
$0.012
|
$0.024
|
-47.68%
|
-$0.01
|
$0.00
|
275.76%
|
$0.19
|
-93.37%
|
|
|
|
Chicago
|
Feb-25
|
$0.726
|
$0.707
|
-2.63%
|
$0.02
|
$0.71
|
2.40%
|
$0.88
|
-17.64%
|
|
|
|
Waha
|
Feb-25
|
-$0.901
|
-$0.798
|
-13.01%
|
-$0.10
|
-$0.42
|
113.05%
|
-$0.07
|
1143.31%
|
|
|
|
Algonquin
|
Feb-25
|
$8.525
|
$8.255
|
3.27%
|
$0.27
|
$8.35
|
2.06%
|
$8.19
|
4.04%
|
|
|
|
Aeco
|
Feb-25
|
-$2.332
|
-$2.263
|
3.07%
|
-$0.07
|
-$1.69
|
37.85%
|
-$1.21
|
93.08%
|
|
|
|
Socal
|
Feb-25
|
$0.375
|
$0.441
|
-14.86%
|
-$0.07
|
$0.78
|
-51.71%
|
$2.58
|
-85.48%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/10/25
|
1/9/25
|
% Change
|
Change
|
12/11/24
|
% Change
|
1/11/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-25
|
$0.877
|
$0.858
|
2.30%
|
$0.02
|
$0.79
|
11.41%
|
$0.75
|
16.45%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-25
|
$0.877
|
$0.864
|
1.57%
|
$0.01
|
$0.79
|
10.64%
|
$0.75
|
16.42%
|
|
|
|
Mt. Belview Ethane
|
Feb-25
|
$0.269
|
$0.263
|
2.38%
|
$0.01
|
$0.21
|
25.75%
|
$0.27
|
1.01%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-25
|
$1.580
|
$1.535
|
2.93%
|
$0.05
|
$1.46
|
7.93%
|
$1.40
|
12.47%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-25
|
$1.096
|
$1.071
|
2.41%
|
$0.03
|
$1.01
|
8.13%
|
$0.89
|
22.85%
|
|
|
|
Far East Propane
|
Feb-25
|
$6.240
|
$6.180
|
0.96%
|
$0.06
|
$6.10
|
2.30%
|
$5.72
|
9.12%
|
|
|
|
Saudi Propane
|
Feb-25
|
$6.305
|
$6.270
|
0.56%
|
$0.04
|
$6.20
|
1.70%
|
$5.41
|
16.57%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/10/25
|
1/9/25
|
% Change
|
Change
|
12/11/24
|
% Change
|
1/11/24
|
% Change
|
|
|
|
WTI
|
Mar-25
|
$75.75
|
$73.49
|
2.98%
|
$2.26
|
$69.52
|
8.96%
|
$69.37
|
9.20%
|
|
|
|
Brent
|
Mar-25
|
$79.76
|
$76.16
|
4.51%
|
$3.60
|
$73.14
|
9.05%
|
$74.17
|
7.54%
|
|
|
|
WCS
|
Mar-25
|
-$13.70
|
-$13.70
|
0.00%
|
$0.00
|
-$14.10
|
-2.84%
|
-$15.27
|
-10.30%
|
|
|
|
LLS
|
Mar-25
|
$74.70
|
$74.18
|
0.70%
|
$0.53
|
$70.31
|
6.25%
|
$72.22
|
3.43%
|
|
|
|
Mars
|
Mar-25
|
$72.55
|
$71.88
|
0.93%
|
$0.68
|
$67.26
|
7.87%
|
$68.66
|
5.66%
|
|
|
|
Sour
|
Mar-25
|
$73.26
|
$72.70
|
0.77%
|
$0.57
|
$68.13
|
7.54%
|
$69.42
|
5.54%
|
|
|
|
ESPO
|
Mar-25
|
$77.76
|
$74.16
|
4.63%
|
$3.60
|
$71.14
|
9.31%
|
$72.17
|
7.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/10/25
|
1/9/25
|
% Change
|
Change
|
12/11/24
|
% Change
|
1/11/24
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-25
|
$2.50
|
$2.38
|
4.74%
|
$0.11
|
$2.23
|
11.82%
|
$2.43
|
2.55%
|
|
|
|
NY Gasoline
|
Feb-25
|
$2.11
|
$2.04
|
3.73%
|
$0.08
|
$1.98
|
6.77%
|
$1.98
|
6.77%
|
|
|
|
GC Gasoline
|
Feb-25
|
$2.01
|
$1.94
|
3.92%
|
$0.08
|
$1.88
|
7.13%
|
$1.88
|
7.13%
|
|
|
|
GC Jet
|
Feb-25
|
$2.33
|
$2.21
|
5.66%
|
$0.13
|
$2.15
|
8.76%
|
$2.32
|
0.47%
|
|
|
|
Chicago Ethanol
|
Feb-25
|
$1.69
|
$1.62
|
4.07%
|
$0.07
|
$1.59
|
6.30%
|
$1.56
|
8.34%
|
|
|
|
Rotterdam Gasoil
|
Feb-25
|
$675.92
|
$659.61
|
2.47%
|
$16.31
|
$626.39
|
7.91%
|
$667.74
|
1.23%
|
|
|
|
Singapore Jet Kero
|
Feb-25
|
$91.51
|
$90.19
|
1.46%
|
$1.32
|
$87.31
|
4.81%
|
$91.70
|
-0.21%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/10/25
|
1/9/25
|
% Change
|
Change
|
12/11/24
|
% Change
|
1/11/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Feb-25
|
79.34%
|
80.42%
|
-1.34%
|
-1.08%
|
63.34%
|
25.26%
|
49.32%
|
60.87%
|
|
|
|
Algonquin Straddle
|
Feb-25
|
98.30%
|
108.19%
|
-9.14%
|
-9.89%
|
77.73%
|
26.46%
|
55.24%
|
77.95%
|
|
|
|
Waha Straddle
|
Feb-25
|
49.34%
|
55.99%
|
-11.88%
|
-6.65%
|
69.16%
|
-28.66%
|
48.71%
|
1.29%
|
|
|
|
Chicago Straddle
|
Feb-25
|
69.76%
|
65.83%
|
5.97%
|
3.93%
|
62.43%
|
11.74%
|
49.16%
|
41.90%
|
|
|
|
PJM West Straddle
|
Feb-25
|
100.24%
|
94.97%
|
5.55%
|
5.27%
|
95.99%
|
4.43%
|
60.14%
|
66.68%
|
|
|
|
SP – 15 Straddle
|
Feb-25
|
287.37%
|
269.40%
|
6.67%
|
17.97%
|
282.47%
|
1.73%
|
29.66%
|
868.88%
|
|
|
|
Mid. C Straddle
|
Feb-25
|
96.84%
|
135.83%
|
-28.70%
|
-38.99%
|
68.41%
|
41.56%
|
28.09%
|
244.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/10/25
|
1/9/25
|
% Change
|
Change
|
12/11/24
|
% Change
|
1/11/24
|
% Change
|
|
|
|
Dutch TTF
|
Feb-25
|
EUR 45.44
|
EUR 45.22
|
0.49%
|
EUR 0.22
|
EUR 44.79
|
1.47%
|
EUR 36.72
|
23.77%
|
|
|
|
NBP
|
Feb-25
|
GBP 113.76
|
GBP 113.80
|
-0.04%
|
-GBP 0.04
|
GBP 111.00
|
2.49%
|
GBP 98.13
|
15.93%
|
|
|
|
German Base
|
Feb-25
|
EUR 96.10
|
EUR 98.82
|
-2.75%
|
-EUR 2.72
|
EUR 110.77
|
-13.24%
|
EUR 98.92
|
-2.85%
|
|
|
|
UK Base
|
Feb-25
|
GBP 92.90
|
GBP 93.12
|
-0.23%
|
-GBP 0.22
|
GBP 96.30
|
-3.53%
|
GBP 89.62
|
3.66%
|
|
|
|
French Base
|
Feb-25
|
EUR 90.62
|
EUR 94.29
|
-3.88%
|
-EUR 3.66
|
EUR 100.93
|
-10.21%
|
EUR 100.58
|
-9.90%
|
|
|
|
Italian Base
|
Feb-25
|
EUR 132.40
|
EUR 129.32
|
2.38%
|
EUR 3.08
|
EUR 131.82
|
0.44%
|
EUR 111.05
|
19.22%
|
|
|
|
JKM LNG
|
Feb-25
|
$13.74
|
$13.82
|
-0.56%
|
-$0.08
|
$14.45
|
-4.89%
|
$13.26
|
3.65%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/10/25
|
1/9/25
|
% Change
|
Change
|
12/11/24
|
% Change
|
1/11/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Feb-25
|
$45.44
|
$45.22
|
0.49%
|
$0.22
|
$44.79
|
1.47%
|
$36.72
|
23.77%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Feb-25
|
$113.76
|
$113.80
|
-0.04%
|
-$0.04
|
$111.00
|
2.49%
|
$98.13
|
15.93%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Feb-25
|
$96.10
|
$98.82
|
-2.75%
|
-$2.72
|
$110.77
|
-13.24%
|
$98.92
|
-2.85%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Feb-25
|
$92.90
|
$93.12
|
-0.23%
|
-$0.22
|
$96.30
|
-3.53%
|
$89.62
|
3.66%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Feb-25
|
$90.62
|
$94.29
|
-3.88%
|
-$3.66
|
$100.93
|
-10.21%
|
$100.58
|
-9.90%
|
|
|
|
Supramax Timecharter (DRY)
|
Feb-25
|
$132.40
|
$129.32
|
2.38%
|
$3.08
|
$131.82
|
0.44%
|
$111.05
|
19.22%
|
|
|
|
Capesize Timecharter (DRY)
|
Feb-25
|
$13.74
|
$13.82
|
-0.56%
|
-$0.08
|
$14.45
|
-4.89%
|
$13.26
|
3.65%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/11/2025
|
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
|
1
|
-7
|
-2
|
2
|
-10
|
-1
|
NA
|
NA
|
|
|
|
E S Central
|
0
|
-2
|
0
|
0
|
-3
|
0
|
NA
|
NA
|
|
|
|
W S Central
|
1
|
-2
|
1
|
1
|
-3
|
1
|
NA
|
NA
|
|
|
|
Mountain
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
United States
|
0
|
-2
|
0
|
0
|
-3
|
0
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/11/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
291
|
11
|
46
|
2,660
|
-239
|
168
|
-8.00%
|
7.00%
|
|
|
|
Middle Atlantic
|
277
|
17
|
51
|
2,371
|
-226
|
93
|
-9.00%
|
4.00%
|
|
|
|
E N Central
|
313
|
19
|
79
|
2,532
|
-399
|
79
|
-14.00%
|
3.00%
|
|
|
|
W N Central
|
341
|
24
|
67
|
2,693
|
-497
|
97
|
-16.00%
|
4.00%
|
|
|
|
South Atlantic
|
188
|
43
|
60
|
1,200
|
-110
|
24
|
-8.00%
|
2.00%
|
|
|
|
E S Central
|
237
|
50
|
67
|
1,447
|
-256
|
-40
|
-15.00%
|
-3.00%
|
|
|
|
W S Central
|
186
|
49
|
59
|
842
|
-277
|
-182
|
-25.00%
|
-18.00%
|
|
|
|
Mountain
|
228
|
8
|
-24
|
2,143
|
-349
|
-76
|
-14.00%
|
-3.00%
|
|
|
|
Pacific
|
108
|
-24
|
-47
|
1,270
|
-191
|
18
|
-13.00%
|
1.00%
|
|
|
|
United States
|
229
|
21
|
40
|
1,804
|
-260
|
20
|
-13.00%
|
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
