|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:07 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$4.150
|
$4.083
|
1.64%
|
$0.067
|
22,068
|
|
|
|
WTI
|
$79.33
|
$80.04
|
-0.89%
|
-$0.71
|
26,725
|
|
|
|
Brent
|
$81.34
|
$82.03
|
-0.84%
|
-$0.69
|
19,827
|
|
|
|
ULSD
|
$2.617
|
$2.614
|
0.13%
|
$0.003
|
7,148
|
|
|
|
RBOB
|
$2.137
|
$2.159
|
-1.01%
|
-$0.022
|
3,170
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.33
|
$3.32
|
0.30%
|
$0.01
|
Mar-25
|
|
|
|
3:2:1 Crack
|
$18.58
|
$18.48
|
0.54%
|
$0.10
|
Feb-25
|
|
|
|
PJM West Spark
|
$46.04
|
$43.96
|
4.75%
|
$2.09
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
1/15/25
|
1/14/25
|
% Change
|
Change
|
12/16/24
|
% Change
|
1/17/24
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-25
|
$54.97
|
$52.69
|
4.33%
|
$2.28
|
$52.74
|
4.23%
|
$61.60
|
-10.77%
|
|
|
|
ERCOT North On Peak
|
Feb-25
|
$61.43
|
$58.29
|
5.37%
|
$3.13
|
$57.49
|
6.84%
|
$85.58
|
-28.22%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-25
|
$38.57
|
$37.25
|
3.55%
|
$1.32
|
$36.72
|
5.04%
|
$67.16
|
-42.56%
|
|
|
|
MISO Indiana On Peak
|
Feb-25
|
$50.52
|
$47.62
|
6.08%
|
$2.89
|
$44.44
|
13.66%
|
$55.64
|
-9.21%
|
|
|
|
NEISO Mass On Peak
|
Feb-25
|
$107.71
|
$107.02
|
0.65%
|
$0.69
|
$98.26
|
9.62%
|
$105.24
|
2.35%
|
|
|
|
WECC Mid C On Peak
|
Feb-25
|
$73.00
|
$61.86
|
18.01%
|
$11.14
|
$58.50
|
24.79%
|
$113.96
|
-35.94%
|
|
|
|
NYISO Zone G On Peak
|
Feb-25
|
$90.83
|
$90.85
|
-0.02%
|
-$0.02
|
$79.64
|
14.05%
|
$96.24
|
-5.61%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/15/25
|
1/14/25
|
% Change
|
Change
|
12/16/24
|
% Change
|
1/17/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Feb-25
|
$4.083
|
$3.968
|
2.90%
|
$0.12
|
$3.03
|
34.84%
|
$3.89
|
4.99%
|
|
|
|
Houston Ship Channel
|
Feb-25
|
$0.099
|
$0.062
|
61.30%
|
$0.04
|
$0.01
|
1737.04%
|
$0.18
|
-45.25%
|
|
|
|
Chicago
|
Feb-25
|
$0.927
|
$0.890
|
-3.98%
|
$0.04
|
$0.71
|
30.81%
|
$0.89
|
4.56%
|
|
|
|
Waha
|
Feb-25
|
-$0.641
|
-$0.671
|
-4.59%
|
$0.03
|
-$0.37
|
74.38%
|
-$0.08
|
724.32%
|
|
|
|
Algonquin
|
Feb-25
|
$8.512
|
$8.320
|
2.30%
|
$0.19
|
$7.61
|
11.90%
|
$8.22
|
3.51%
|
|
|
|
Aeco
|
Feb-25
|
-$2.498
|
-$2.415
|
3.43%
|
-$0.08
|
-$1.66
|
50.61%
|
-$1.21
|
106.95%
|
|
|
|
Socal
|
Feb-25
|
$0.709
|
$0.506
|
40.11%
|
$0.20
|
$0.77
|
-7.81%
|
$2.51
|
-71.80%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/15/25
|
1/14/25
|
% Change
|
Change
|
12/16/24
|
% Change
|
1/17/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-25
|
$0.955
|
$0.920
|
3.90%
|
$0.04
|
$0.78
|
23.27%
|
$0.78
|
21.75%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-25
|
$0.957
|
$0.926
|
3.34%
|
$0.03
|
$0.78
|
22.33%
|
$0.76
|
25.20%
|
|
|
|
Mt. Belview Ethane
|
Feb-25
|
$0.273
|
$0.268
|
1.87%
|
$0.01
|
$0.22
|
25.96%
|
$0.25
|
9.91%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-25
|
$1.611
|
$1.575
|
2.26%
|
$0.04
|
$1.48
|
8.74%
|
$1.38
|
16.87%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-25
|
$1.164
|
$1.150
|
1.28%
|
$0.01
|
$1.03
|
12.80%
|
$0.91
|
27.72%
|
|
|
|
Far East Propane
|
Feb-25
|
$6.399
|
$6.289
|
1.75%
|
$0.11
|
$6.01
|
6.40%
|
$5.71
|
11.97%
|
|
|
|
Saudi Propane
|
Feb-25
|
$6.360
|
$6.360
|
0.00%
|
$0.00
|
$6.16
|
3.25%
|
$5.37
|
18.42%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/15/25
|
1/14/25
|
% Change
|
Change
|
12/16/24
|
% Change
|
1/17/24
|
% Change
|
|
|
|
WTI
|
Mar-25
|
$78.71
|
$76.37
|
2.97%
|
$2.34
|
$69.88
|
12.64%
|
$69.45
|
13.33%
|
|
|
|
Brent
|
Mar-25
|
$82.03
|
$79.92
|
2.57%
|
$2.11
|
$73.52
|
11.58%
|
$74.37
|
10.30%
|
|
|
|
WCS
|
Mar-25
|
-$14.50
|
-$14.40
|
0.69%
|
-$0.10
|
-$14.80
|
-2.03%
|
-$15.44
|
-6.06%
|
|
|
|
LLS
|
Mar-25
|
$77.09
|
$77.82
|
-0.95%
|
-$0.73
|
$72.57
|
6.23%
|
$70.90
|
8.73%
|
|
|
|
Mars
|
Mar-25
|
$75.39
|
$75.62
|
-0.31%
|
-$0.23
|
$69.67
|
8.21%
|
$67.79
|
11.22%
|
|
|
|
Sour
|
Mar-25
|
$76.31
|
$77.20
|
-1.17%
|
-$0.89
|
$70.45
|
8.32%
|
$69.24
|
10.21%
|
|
|
|
ESPO
|
Mar-25
|
$80.03
|
$77.92
|
2.64%
|
$2.11
|
$71.52
|
11.90%
|
$72.37
|
10.58%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/15/25
|
1/14/25
|
% Change
|
Change
|
12/16/24
|
% Change
|
1/17/24
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-25
|
$2.52
|
$2.53
|
-0.32%
|
-$0.01
|
$2.26
|
11.37%
|
$2.42
|
3.88%
|
|
|
|
NY Gasoline
|
Feb-25
|
$2.17
|
$2.11
|
3.14%
|
$0.07
|
$1.98
|
9.54%
|
$1.96
|
10.60%
|
|
|
|
GC Gasoline
|
Feb-25
|
$2.07
|
$2.01
|
3.29%
|
$0.07
|
$1.88
|
10.04%
|
$1.86
|
11.16%
|
|
|
|
GC Jet
|
Feb-25
|
$2.42
|
$2.36
|
2.63%
|
$0.06
|
$2.14
|
13.08%
|
$2.27
|
6.70%
|
|
|
|
Chicago Ethanol
|
Feb-25
|
$1.73
|
$1.72
|
0.99%
|
$0.02
|
$1.60
|
8.11%
|
$1.59
|
9.00%
|
|
|
|
Rotterdam Gasoil
|
Feb-25
|
$685.05
|
$685.40
|
-0.05%
|
-$0.34
|
$637.90
|
7.39%
|
$656.09
|
4.41%
|
|
|
|
Singapore Jet Kero
|
Feb-25
|
$94.59
|
$94.40
|
0.19%
|
$0.18
|
$89.33
|
5.89%
|
$89.15
|
6.10%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/15/25
|
1/14/25
|
% Change
|
Change
|
12/16/24
|
% Change
|
1/17/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Feb-25
|
90.19%
|
92.10%
|
-2.07%
|
-1.91%
|
75.91%
|
18.81%
|
51.31%
|
75.77%
|
|
|
|
Algonquin Straddle
|
Feb-25
|
106.58%
|
116.21%
|
-8.29%
|
-9.63%
|
90.07%
|
18.33%
|
57.32%
|
85.94%
|
|
|
|
Waha Straddle
|
Feb-25
|
74.16%
|
71.67%
|
3.47%
|
2.49%
|
93.93%
|
-21.05%
|
49.80%
|
48.92%
|
|
|
|
Chicago Straddle
|
Feb-25
|
76.34%
|
79.74%
|
-4.26%
|
-3.40%
|
71.25%
|
7.14%
|
49.13%
|
55.38%
|
|
|
|
PJM West Straddle
|
Feb-25
|
97.14%
|
96.40%
|
0.77%
|
0.74%
|
94.01%
|
3.33%
|
59.16%
|
64.20%
|
|
|
|
SP – 15 Straddle
|
Feb-25
|
280.73%
|
281.87%
|
-0.40%
|
-1.14%
|
282.83%
|
-0.74%
|
30.46%
|
821.63%
|
|
|
|
Mid. C Straddle
|
Feb-25
|
201.79%
|
105.84%
|
90.66%
|
95.95%
|
77.23%
|
161.28%
|
39.50%
|
410.86%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/15/25
|
1/14/25
|
% Change
|
Change
|
12/16/24
|
% Change
|
1/17/24
|
% Change
|
|
|
|
Dutch TTF
|
Feb-25
|
EUR 47.10
|
EUR 47.74
|
-1.35%
|
-EUR 0.64
|
EUR 40.57
|
16.10%
|
EUR 34.13
|
38.01%
|
|
|
|
NBP
|
Feb-25
|
GBP 118.76
|
GBP 119.76
|
-0.84%
|
-GBP 1.00
|
GBP 99.38
|
19.50%
|
GBP 91.51
|
29.77%
|
|
|
|
German Base
|
Feb-25
|
EUR 104.90
|
EUR 103.71
|
1.14%
|
EUR 1.19
|
EUR 99.61
|
5.31%
|
EUR 92.36
|
13.58%
|
|
|
|
UK Base
|
Feb-25
|
GBP 97.50
|
GBP 99.65
|
-2.16%
|
-GBP 2.15
|
GBP 87.86
|
10.97%
|
GBP 85.24
|
14.37%
|
|
|
|
French Base
|
Feb-25
|
EUR 97.90
|
EUR 96.67
|
1.28%
|
EUR 1.23
|
EUR 88.49
|
10.63%
|
EUR 91.70
|
6.76%
|
|
|
|
Italian Base
|
Feb-25
|
EUR 135.72
|
EUR 135.82
|
-0.07%
|
-EUR 0.10
|
EUR 121.38
|
11.82%
|
EUR 107.21
|
26.59%
|
|
|
|
JKM LNG
|
Feb-25
|
$14.12
|
$13.80
|
2.35%
|
$0.32
|
$12.84
|
9.97%
|
$12.81
|
10.18%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/15/25
|
1/14/25
|
% Change
|
Change
|
12/16/24
|
% Change
|
1/17/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Feb-25
|
$47.10
|
$47.74
|
-1.35%
|
-$0.64
|
$40.57
|
16.10%
|
$34.13
|
38.01%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Feb-25
|
$118.76
|
$119.76
|
-0.84%
|
-$1.00
|
$99.38
|
19.50%
|
$91.51
|
29.77%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Feb-25
|
$104.90
|
$103.71
|
1.14%
|
$1.19
|
$99.61
|
5.31%
|
$92.36
|
13.58%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Feb-25
|
$97.50
|
$99.65
|
-2.16%
|
-$2.15
|
$87.86
|
10.97%
|
$85.24
|
14.37%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Feb-25
|
$97.90
|
$96.67
|
1.28%
|
$1.23
|
$88.49
|
10.63%
|
$91.70
|
6.76%
|
|
|
|
Supramax Timecharter (DRY)
|
Feb-25
|
$135.72
|
$135.82
|
-0.07%
|
-$0.10
|
$121.38
|
11.82%
|
$107.21
|
26.59%
|
|
|
|
Capesize Timecharter (DRY)
|
Feb-25
|
$14.12
|
$13.80
|
2.35%
|
$0.32
|
$12.84
|
9.97%
|
$12.81
|
10.18%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
