|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:07 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.760
|
$3.934
|
-4.42%
|
-$0.174
|
24,483
|
|
|
|
WTI
|
$78.62
|
$78.82
|
-0.25%
|
-$0.20
|
67,362
|
|
|
|
Brent
|
$80.71
|
$81.01
|
-0.37%
|
-$0.30
|
21,752
|
|
|
|
ULSD
|
$2.514
|
$2.533
|
-0.76%
|
-$0.019
|
9,138
|
|
|
|
RBOB
|
$2.098
|
$2.100
|
-0.12%
|
-$0.003
|
3,801
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.58
|
$3.71
|
-3.50%
|
-$0.13
|
Mar-25
|
|
|
|
3:2:1 Crack
|
$17.46
|
$17.55
|
-0.50%
|
-$0.09
|
Feb-25
|
|
|
|
PJM West Spark
|
$45.36
|
$47.32
|
-4.13%
|
-$1.95
|
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
|
1/13/25
|
1/10/25
|
% Change
|
Change
|
12/12/24
|
% Change
|
1/12/24
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-25
|
$53.46
|
$55.73
|
-4.09%
|
-$2.28
|
$54.66
|
-2.20%
|
$64.09
|
-16.59%
|
|
|
|
ERCOT North On Peak
|
Feb-25
|
$58.38
|
$58.86
|
-0.81%
|
-$0.48
|
$62.84
|
-7.10%
|
$85.75
|
-31.91%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-25
|
$37.92
|
$36.25
|
4.59%
|
$1.67
|
$37.64
|
0.73%
|
$67.90
|
-44.15%
|
|
|
|
MISO Indiana On Peak
|
Feb-25
|
$47.14
|
$49.23
|
-4.26%
|
-$2.10
|
$47.28
|
-0.31%
|
$57.72
|
-18.34%
|
|
|
|
NEISO Mass On Peak
|
Feb-25
|
$108.93
|
$113.82
|
-4.30%
|
-$4.89
|
$104.03
|
4.71%
|
$114.83
|
-5.14%
|
|
|
|
WECC Mid C On Peak
|
Feb-25
|
$62.11
|
$59.28
|
4.78%
|
$2.84
|
$59.20
|
4.92%
|
$103.99
|
-40.27%
|
|
|
|
NYISO Zone G On Peak
|
Feb-25
|
$95.04
|
$98.25
|
-3.27%
|
-$3.21
|
$81.53
|
16.57%
|
$95.33
|
-0.31%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/25
|
1/10/25
|
% Change
|
Change
|
12/12/24
|
% Change
|
1/12/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Feb-25
|
$3.934
|
$3.989
|
-1.38%
|
-$0.06
|
$3.20
|
22.75%
|
$3.94
|
-0.10%
|
|
|
|
Houston Ship Channel
|
Feb-25
|
$0.076
|
$0.012
|
510.48%
|
$0.06
|
$0.02
|
220.76%
|
$0.19
|
-59.15%
|
|
|
|
Chicago
|
Feb-25
|
$0.876
|
$0.726
|
-17.09%
|
$0.15
|
$0.72
|
21.66%
|
$0.89
|
-1.54%
|
|
|
|
Waha
|
Feb-25
|
-$0.573
|
-$0.901
|
-36.39%
|
$0.33
|
-$0.27
|
113.08%
|
-$0.08
|
627.66%
|
|
|
|
Algonquin
|
Feb-25
|
$8.262
|
$8.525
|
-3.08%
|
-$0.26
|
$8.11
|
1.87%
|
$8.31
|
-0.63%
|
|
|
|
Aeco
|
Feb-25
|
-$2.407
|
-$2.332
|
3.22%
|
-$0.08
|
-$1.79
|
34.84%
|
-$1.24
|
94.88%
|
|
|
|
Socal
|
Feb-25
|
$0.504
|
$0.375
|
34.40%
|
$0.13
|
$0.75
|
-33.12%
|
$2.60
|
-80.63%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/25
|
1/10/25
|
% Change
|
Change
|
12/12/24
|
% Change
|
1/12/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-25
|
$0.898
|
$0.877
|
2.41%
|
$0.02
|
$0.78
|
14.80%
|
$0.75
|
19.28%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-25
|
$0.901
|
$0.877
|
2.69%
|
$0.02
|
$0.79
|
14.40%
|
$0.77
|
17.38%
|
|
|
|
Mt. Belview Ethane
|
Feb-25
|
$0.270
|
$0.269
|
0.47%
|
$0.00
|
$0.21
|
25.58%
|
$0.27
|
1.62%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-25
|
$1.600
|
$1.580
|
1.24%
|
$0.02
|
$1.46
|
9.37%
|
$1.40
|
14.05%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-25
|
$1.124
|
$1.096
|
2.49%
|
$0.03
|
$1.01
|
10.88%
|
$0.89
|
25.79%
|
|
|
|
Far East Propane
|
Feb-25
|
$6.297
|
$6.240
|
0.91%
|
$0.06
|
$6.06
|
3.90%
|
$5.78
|
8.89%
|
|
|
|
Saudi Propane
|
Feb-25
|
$6.360
|
$6.305
|
0.87%
|
$0.05
|
$6.15
|
3.41%
|
$5.49
|
15.81%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/25
|
1/10/25
|
% Change
|
Change
|
12/12/24
|
% Change
|
1/12/24
|
% Change
|
|
|
|
WTI
|
Mar-25
|
$77.30
|
$75.75
|
2.01%
|
$1.55
|
$69.35
|
11.46%
|
$70.07
|
10.32%
|
|
|
|
Brent
|
Mar-25
|
$81.01
|
$79.76
|
1.54%
|
$1.25
|
$73.08
|
10.85%
|
$74.95
|
8.09%
|
|
|
|
WCS
|
Mar-25
|
-$13.70
|
-$13.70
|
0.00%
|
$0.00
|
-$14.30
|
-4.20%
|
-$15.35
|
-10.72%
|
|
|
|
LLS
|
Mar-25
|
$77.08
|
$74.70
|
3.08%
|
$2.37
|
$71.64
|
7.59%
|
$74.68
|
3.20%
|
|
|
|
Mars
|
Mar-25
|
$74.88
|
$72.55
|
3.10%
|
$2.32
|
$68.59
|
9.17%
|
$70.98
|
5.49%
|
|
|
|
Sour
|
Mar-25
|
$75.74
|
$73.26
|
3.27%
|
$2.48
|
$69.58
|
8.85%
|
$69.99
|
8.22%
|
|
|
|
ESPO
|
Mar-25
|
$79.01
|
$77.76
|
1.58%
|
$1.25
|
$71.08
|
11.16%
|
$72.95
|
8.31%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/25
|
1/10/25
|
% Change
|
Change
|
12/12/24
|
% Change
|
1/12/24
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-25
|
$2.53
|
$2.50
|
1.44%
|
$0.04
|
$2.24
|
12.93%
|
$2.45
|
3.22%
|
|
|
|
NY Gasoline
|
Feb-25
|
$2.10
|
$2.11
|
-0.47%
|
-$0.01
|
$1.97
|
6.81%
|
$1.99
|
5.68%
|
|
|
|
GC Gasoline
|
Feb-25
|
$2.00
|
$2.01
|
-0.50%
|
-$0.01
|
$1.87
|
7.17%
|
$1.89
|
5.98%
|
|
|
|
GC Jet
|
Feb-25
|
$2.37
|
$2.33
|
1.41%
|
$0.03
|
$2.15
|
9.84%
|
$2.25
|
5.11%
|
|
|
|
Chicago Ethanol
|
Feb-25
|
$1.73
|
$1.69
|
2.37%
|
$0.04
|
$1.58
|
9.37%
|
$1.56
|
10.77%
|
|
|
|
Rotterdam Gasoil
|
Feb-25
|
$690.39
|
$675.92
|
2.14%
|
$14.47
|
$626.65
|
10.17%
|
$676.30
|
2.08%
|
|
|
|
Singapore Jet Kero
|
Feb-25
|
$97.12
|
$91.51
|
6.13%
|
$5.61
|
$88.45
|
9.80%
|
$92.90
|
4.54%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/25
|
1/10/25
|
% Change
|
Change
|
12/12/24
|
% Change
|
1/12/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Feb-25
|
97.63%
|
79.34%
|
23.05%
|
18.29%
|
73.82%
|
32.25%
|
46.77%
|
108.74%
|
|
|
|
Algonquin Straddle
|
Feb-25
|
126.53%
|
98.30%
|
28.72%
|
28.23%
|
84.18%
|
50.31%
|
50.36%
|
151.25%
|
|
|
|
Waha Straddle
|
Feb-25
|
77.97%
|
49.34%
|
58.03%
|
28.63%
|
80.50%
|
-3.14%
|
46.49%
|
67.71%
|
|
|
|
Chicago Straddle
|
Feb-25
|
83.22%
|
69.76%
|
19.29%
|
13.46%
|
71.36%
|
16.62%
|
44.27%
|
87.98%
|
|
|
|
PJM West Straddle
|
Feb-25
|
95.91%
|
100.24%
|
-4.32%
|
-4.33%
|
95.47%
|
0.46%
|
60.03%
|
59.77%
|
|
|
|
SP – 15 Straddle
|
Feb-25
|
266.15%
|
287.37%
|
-7.38%
|
-21.22%
|
278.40%
|
-4.40%
|
30.78%
|
764.68%
|
|
|
|
Mid. C Straddle
|
Feb-25
|
104.10%
|
96.84%
|
7.50%
|
7.26%
|
71.61%
|
45.37%
|
31.17%
|
233.97%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/25
|
1/10/25
|
% Change
|
Change
|
12/12/24
|
% Change
|
1/12/24
|
% Change
|
|
|
|
Dutch TTF
|
Feb-25
|
EUR 48.25
|
EUR 45.44
|
6.17%
|
EUR 2.81
|
EUR 42.96
|
12.31%
|
EUR 37.00
|
30.42%
|
|
|
|
NBP
|
Feb-25
|
GBP 121.44
|
GBP 113.76
|
6.75%
|
GBP 7.68
|
GBP 106.56
|
13.96%
|
GBP 97.01
|
25.19%
|
|
|
|
German Base
|
Feb-25
|
EUR 104.70
|
EUR 96.10
|
8.95%
|
EUR 8.60
|
EUR 105.76
|
-1.01%
|
EUR 99.12
|
5.63%
|
|
|
|
UK Base
|
Feb-25
|
GBP 97.36
|
GBP 92.90
|
4.80%
|
GBP 4.46
|
GBP 95.44
|
2.01%
|
GBP 89.66
|
8.59%
|
|
|
|
French Base
|
Feb-25
|
EUR 97.94
|
EUR 90.62
|
8.08%
|
EUR 7.32
|
EUR 98.70
|
-0.77%
|
EUR 101.40
|
-3.41%
|
|
|
|
Italian Base
|
Feb-25
|
EUR 136.77
|
EUR 132.40
|
3.30%
|
EUR 4.37
|
EUR 126.29
|
8.30%
|
EUR 110.60
|
23.67%
|
|
|
|
JKM LNG
|
Feb-25
|
$14.91
|
$13.74
|
8.53%
|
$1.17
|
$13.57
|
9.94%
|
$13.70
|
8.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/25
|
1/10/25
|
% Change
|
Change
|
12/12/24
|
% Change
|
1/12/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Feb-25
|
$48.25
|
$45.44
|
6.17%
|
$2.81
|
$42.96
|
12.31%
|
$37.00
|
30.42%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Feb-25
|
$121.44
|
$113.76
|
6.75%
|
$7.68
|
$106.56
|
13.96%
|
$97.01
|
25.19%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Feb-25
|
$104.70
|
$96.10
|
8.95%
|
$8.60
|
$105.76
|
-1.01%
|
$99.12
|
5.63%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Feb-25
|
$97.36
|
$92.90
|
4.80%
|
$4.46
|
$95.44
|
2.01%
|
$89.66
|
8.59%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Feb-25
|
$97.94
|
$90.62
|
8.08%
|
$7.32
|
$98.70
|
-0.77%
|
$101.40
|
-3.41%
|
|
|
|
Supramax Timecharter (DRY)
|
Feb-25
|
$136.77
|
$132.40
|
3.30%
|
$4.37
|
$126.29
|
8.30%
|
$110.60
|
23.67%
|
|
|
|
Capesize Timecharter (DRY)
|
Feb-25
|
$14.91
|
$13.74
|
8.53%
|
$1.17
|
$13.57
|
9.94%
|
$13.70
|
8.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
