|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 10:39 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.814
|
$3.948
|
-3.39%
|
-$0.134
|
120,281
|
|
|
|
WTI
|
$76.29
|
$77.88
|
-2.04%
|
-$1.59
|
9,984
|
|
|
|
Brent
|
$79.19
|
$80.79
|
-1.98%
|
-$1.60
|
66,114
|
|
|
|
ULSD
|
$2.538
|
$2.621
|
-3.17%
|
-$0.083
|
44,741
|
|
|
|
RBOB
|
$2.100
|
$2.112
|
-0.60%
|
-$0.013
|
19,838
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.33
|
$3.40
|
-2.06%
|
-$0.07
|
Mar-25
|
|
|
|
3:2:1 Crack
|
$18.53
|
$18.50
|
0.13%
|
$0.02
|
Feb-25
|
|
|
|
PJM West Spark
|
$48.51
|
$50.40
|
-3.76%
|
-$1.89
|
Feb-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
01/17/25
|
580
|
-4
|
-40
|
01/20/24
|
|
|
|
Canada
|
01/17/25
|
229
|
13
|
6
|
01/20/24
|
|
|
|
International
|
Dec
|
909
|
-10
|
-46
|
Dec
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 1/14/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
83,653
|
83,285
|
83,100
|
185
|
|
|
|
PJM West Off Peak
|
74,618
|
74,204
|
73,751
|
453
|
|
|
|
Natural Gas Henry Hub
|
337,015
|
325,953
|
325,954
|
-1
|
|
|
|
WTI – Light Sweet Crude Futures
|
323,493
|
277,445
|
262,286
|
15,159
|
|
|
|
Brent Crude Last Day
|
169,269
|
161,470
|
161,583
|
-113
|
|
|
|
NYM Ethanol
|
35,207
|
34,289
|
34,831
|
-542
|
|
|
|
Mt Belvieu LDH Propane Swap
|
137,367
|
136,587
|
137,138
|
-551
|
|
|
|
RBOB
|
404,451
|
377,074
|
389,592
|
-12,518
|
|
|
|
HSC Basis
|
859,840
|
850,434
|
847,960
|
2,474
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/10/20
|
|
|
|
|
|
1/10/25
|
1/3/25
|
Net Change
|
% Change
|
1/12/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
669
|
737
|
-68
|
-9.23%
|
715
|
-6.43%
|
688
|
-2.79%
|
|
|
|
Midwest
|
808
|
881
|
-73
|
-8.29%
|
873
|
-7.45%
|
821
|
-1.63%
|
|
|
|
Mountain
|
240
|
255
|
-15
|
-5.88%
|
208
|
15.38%
|
169
|
42.35%
|
|
|
|
Pacific
|
283
|
293
|
-10
|
-3.41%
|
257
|
10.12%
|
225
|
25.78%
|
|
|
|
South
|
1,114
|
1,207
|
-93
|
-7.71%
|
1,128
|
-1.24%
|
1,069
|
4.25%
|
|
|
|
Salt
|
326
|
364
|
-38
|
-10.44%
|
332
|
-1.81%
|
313
|
4.29%
|
|
|
|
Non_Salt
|
788
|
844
|
-56
|
-6.64%
|
796
|
-1.01%
|
756
|
4.23%
|
|
|
|
Total
|
3,115
|
3,373
|
-258
|
-7.65%
|
3,182
|
-2.11%
|
2,972
|
4.81%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/17/25
|
1/16/25
|
% Change
|
Change
|
12/18/24
|
% Change
|
1/19/24
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-25
|
$56.59
|
$58.85
|
-3.84%
|
-$2.26
|
$54.30
|
4.23%
|
$58.07
|
-2.55%
|
|
|
|
ERCOT North On Peak
|
Feb-25
|
$54.18
|
$61.55
|
-11.98%
|
-$7.37
|
$59.23
|
-8.54%
|
$79.52
|
-31.87%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-25
|
$38.34
|
$39.25
|
-2.31%
|
-$0.91
|
$37.29
|
2.82%
|
$66.21
|
-42.09%
|
|
|
|
MISO Indiana On Peak
|
Feb-25
|
$49.68
|
$53.22
|
-6.65%
|
-$3.54
|
$45.80
|
8.48%
|
$51.86
|
-4.21%
|
|
|
|
NEISO Mass On Peak
|
Feb-25
|
$113.32
|
$122.27
|
-7.32%
|
-$8.95
|
$104.83
|
8.10%
|
$108.93
|
4.03%
|
|
|
|
WECC Mid C On Peak
|
Feb-25
|
$63.85
|
$70.00
|
-8.79%
|
-$6.15
|
$59.07
|
8.08%
|
$108.48
|
-41.15%
|
|
|
|
NYISO Zone G On Peak
|
Feb-25
|
$95.67
|
$103.97
|
-7.99%
|
-$8.30
|
$80.40
|
18.99%
|
$92.03
|
3.96%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/17/25
|
1/16/25
|
% Change
|
Change
|
12/18/24
|
% Change
|
1/19/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Feb-25
|
$3.948
|
$4.258
|
-7.28%
|
-$0.31
|
$3.12
|
26.74%
|
$3.76
|
5.03%
|
|
|
|
Houston Ship Channel
|
Feb-25
|
$0.023
|
$0.091
|
-74.29%
|
-$0.07
|
$0.01
|
175.29%
|
$0.18
|
-86.68%
|
|
|
|
Chicago
|
Feb-25
|
$0.929
|
$0.934
|
0.56%
|
-$0.01
|
$0.62
|
49.28%
|
$0.87
|
6.49%
|
|
|
|
Waha
|
Feb-25
|
-$0.506
|
-$0.707
|
-28.54%
|
$0.20
|
-$0.43
|
17.26%
|
-$0.07
|
577.61%
|
|
|
|
Algonquin
|
Feb-25
|
$8.842
|
$8.686
|
1.80%
|
$0.16
|
$8.08
|
9.40%
|
$7.88
|
12.26%
|
|
|
|
Aeco
|
Feb-25
|
-$2.579
|
-$2.755
|
-6.39%
|
$0.18
|
-$1.71
|
50.76%
|
-$1.18
|
118.84%
|
|
|
|
Socal
|
Feb-25
|
$0.773
|
$0.811
|
-4.72%
|
-$0.04
|
$0.65
|
18.04%
|
$2.48
|
-68.81%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/17/25
|
1/16/25
|
% Change
|
Change
|
12/18/24
|
% Change
|
1/19/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-25
|
$0.960
|
$0.956
|
0.39%
|
$0.00
|
$0.77
|
24.44%
|
$0.76
|
25.72%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-25
|
$0.977
|
$0.960
|
1.78%
|
$0.02
|
$0.77
|
26.18%
|
$0.76
|
27.86%
|
|
|
|
Mt. Belview Ethane
|
Feb-25
|
$0.270
|
$0.280
|
-3.55%
|
-$0.01
|
$0.23
|
19.37%
|
$0.24
|
11.50%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-25
|
$1.572
|
$1.588
|
-0.96%
|
-$0.02
|
$1.48
|
6.42%
|
$1.37
|
14.51%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-25
|
$1.142
|
$1.112
|
2.72%
|
$0.03
|
$1.03
|
11.26%
|
$0.89
|
28.80%
|
|
|
|
Far East Propane
|
Feb-25
|
$6.334
|
$6.346
|
-0.19%
|
-$0.01
|
$6.05
|
4.69%
|
$5.68
|
11.52%
|
|
|
|
Saudi Propane
|
Feb-25
|
$6.380
|
$6.350
|
0.47%
|
$0.03
|
$6.15
|
3.74%
|
$5.43
|
17.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/17/25
|
1/16/25
|
% Change
|
Change
|
12/18/24
|
% Change
|
1/19/24
|
% Change
|
|
|
|
WTI
|
Mar-25
|
$77.39
|
$77.85
|
-0.59%
|
-$0.46
|
$69.57
|
11.24%
|
$69.65
|
11.11%
|
|
|
|
Brent
|
Mar-25
|
$80.79
|
$81.29
|
-0.62%
|
-$0.50
|
$73.00
|
10.67%
|
$74.57
|
8.34%
|
|
|
|
WCS
|
Mar-25
|
-$14.75
|
-$15.05
|
-2.03%
|
$0.30
|
-$15.30
|
-3.59%
|
-$15.70
|
-6.03%
|
|
|
|
LLS
|
Mar-25
|
$78.11
|
$78.93
|
-1.05%
|
-$0.82
|
$71.45
|
9.32%
|
$72.27
|
8.09%
|
|
|
|
Mars
|
Mar-25
|
$76.31
|
$77.23
|
-1.21%
|
-$0.92
|
$68.65
|
11.16%
|
$69.21
|
10.25%
|
|
|
|
Sour
|
Mar-25
|
$77.75
|
$78.60
|
-1.09%
|
-$0.85
|
$69.32
|
12.16%
|
$70.31
|
10.58%
|
|
|
|
ESPO
|
Mar-25
|
$78.79
|
$79.29
|
-0.63%
|
-$0.50
|
$71.00
|
10.97%
|
$72.57
|
8.57%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/17/25
|
1/16/25
|
% Change
|
Change
|
12/18/24
|
% Change
|
1/19/24
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-25
|
$2.62
|
$2.62
|
0.15%
|
$0.00
|
$2.25
|
16.73%
|
$2.44
|
7.50%
|
|
|
|
NY Gasoline
|
Feb-25
|
$2.11
|
$2.12
|
-0.24%
|
$0.00
|
$1.94
|
8.70%
|
$1.99
|
6.24%
|
|
|
|
GC Gasoline
|
Feb-25
|
$2.01
|
$2.02
|
-0.25%
|
-$0.01
|
$1.84
|
9.17%
|
$1.89
|
6.57%
|
|
|
|
GC Jet
|
Feb-25
|
$2.51
|
$2.42
|
3.81%
|
$0.09
|
$2.15
|
16.86%
|
$2.32
|
8.29%
|
|
|
|
Chicago Ethanol
|
Feb-25
|
$1.74
|
$1.75
|
-0.40%
|
-$0.01
|
$1.61
|
8.29%
|
$1.55
|
12.27%
|
|
|
|
Rotterdam Gasoil
|
Feb-25
|
$687.43
|
$692.44
|
-0.72%
|
-$5.01
|
$632.02
|
8.77%
|
$672.46
|
2.23%
|
|
|
|
Singapore Jet Kero
|
Feb-25
|
$96.60
|
$96.45
|
0.16%
|
$0.15
|
$88.60
|
9.03%
|
$92.83
|
4.06%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/17/25
|
1/16/25
|
% Change
|
Change
|
12/18/24
|
% Change
|
1/19/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Mar-25
|
86.40%
|
72.07%
|
19.88%
|
14.33%
|
62.06%
|
39.22%
|
45.98%
|
87.91%
|
|
|
|
Algonquin Straddle
|
Mar-25
|
117.71%
|
101.44%
|
16.04%
|
16.27%
|
99.12%
|
18.76%
|
66.06%
|
78.19%
|
|
|
|
Waha Straddle
|
Mar-25
|
195.91%
|
148.35%
|
32.06%
|
47.56%
|
192.95%
|
1.53%
|
52.88%
|
270.48%
|
|
|
|
Chicago Straddle
|
Mar-25
|
94.27%
|
79.63%
|
18.39%
|
14.64%
|
71.31%
|
32.20%
|
49.91%
|
88.88%
|
|
|
|
PJM West Straddle
|
Mar-25
|
64.00%
|
58.58%
|
9.25%
|
5.42%
|
55.75%
|
14.80%
|
35.76%
|
78.97%
|
|
|
|
SP – 15 Straddle
|
Mar-25
|
267.16%
|
259.86%
|
2.81%
|
7.30%
|
222.40%
|
20.13%
|
25.56%
|
945.23%
|
|
|
|
Mid. C Straddle
|
Mar-25
|
44.40%
|
45.90%
|
-3.27%
|
-1.50%
|
22.02%
|
101.63%
|
67.18%
|
-33.91%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/17/25
|
1/16/25
|
% Change
|
Change
|
12/18/24
|
% Change
|
1/19/24
|
% Change
|
|
|
|
Dutch TTF
|
Mar-25
|
EUR 47.35
|
EUR 46.49
|
1.85%
|
EUR 0.86
|
EUR 41.33
|
14.58%
|
EUR 33.24
|
42.44%
|
|
|
|
NBP
|
Mar-25
|
GBP 118.21
|
GBP 115.70
|
2.18%
|
GBP 2.52
|
GBP 101.39
|
16.59%
|
GBP 88.29
|
33.89%
|
|
|
|
German Base
|
Mar-25
|
EUR 91.91
|
EUR 89.61
|
2.57%
|
EUR 2.30
|
EUR 84.32
|
9.01%
|
EUR 84.53
|
8.73%
|
|
|
|
UK Base
|
Mar-25
|
GBP 91.65
|
GBP 93.15
|
-1.61%
|
-GBP 1.50
|
GBP 83.60
|
9.63%
|
GBP 80.57
|
13.75%
|
|
|
|
French Base
|
Mar-25
|
EUR 76.05
|
EUR 74.98
|
1.43%
|
EUR 1.07
|
EUR 71.71
|
6.06%
|
EUR 87.57
|
-13.15%
|
|
|
|
Italian Base
|
Mar-25
|
EUR 130.95
|
EUR 128.99
|
1.52%
|
EUR 1.96
|
EUR 114.42
|
14.45%
|
EUR 100.35
|
30.50%
|
|
|
|
JKM LNG
|
Mar-25
|
$14.23
|
$13.87
|
2.57%
|
$0.36
|
$13.09
|
8.66%
|
$12.68
|
12.21%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/17/25
|
1/16/25
|
% Change
|
Change
|
12/18/24
|
% Change
|
1/19/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Mar-25
|
$47.35
|
$46.49
|
1.85%
|
$0.86
|
$41.33
|
14.58%
|
$33.24
|
42.44%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Mar-25
|
$118.21
|
$115.70
|
2.18%
|
$2.52
|
$101.39
|
16.59%
|
$88.29
|
33.89%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Mar-25
|
$91.91
|
$89.61
|
2.57%
|
$2.30
|
$84.32
|
9.01%
|
$84.53
|
8.73%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Mar-25
|
$91.65
|
$93.15
|
-1.61%
|
-$1.50
|
$83.60
|
9.63%
|
$80.57
|
13.75%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Mar-25
|
$76.05
|
$74.98
|
1.43%
|
$1.07
|
$71.71
|
6.06%
|
$87.57
|
-13.15%
|
|
|
|
Supramax Timecharter (DRY)
|
Mar-25
|
$130.95
|
$128.99
|
1.52%
|
$1.96
|
$114.42
|
14.45%
|
$100.35
|
30.50%
|
|
|
|
Capesize Timecharter (DRY)
|
Mar-25
|
$14.23
|
$13.87
|
2.57%
|
$0.36
|
$13.09
|
8.66%
|
$12.68
|
12.21%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/18/2025
|
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
|
-1
|
3
|
-17
|
-2
|
NA
|
NA
|
|
|
|
E S Central
|
0
|
-2
|
0
|
0
|
-5
|
0
|
NA
|
NA
|
|
|
|
W S Central
|
0
|
-3
|
0
|
1
|
-7
|
1
|
NA
|
NA
|
|
|
|
Mountain
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
-1
|
0
|
0
|
-1
|
0
|
NA
|
NA
|
|
|
|
United States
|
0
|
-2
|
0
|
1
|
-4
|
0
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/18/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
278
|
-5
|
25
|
2,938
|
-244
|
193
|
-8.00%
|
7.00%
|
|
|
|
Middle Atlantic
|
265
|
2
|
3
|
2,636
|
-224
|
96
|
-8.00%
|
4.00%
|
|
|
|
E N Central
|
301
|
4
|
-59
|
2,833
|
-395
|
19
|
-12.00%
|
1.00%
|
|
|
|
W N Central
|
313
|
-5
|
-115
|
3,006
|
-502
|
-18
|
-14.00%
|
-1.00%
|
|
|
|
South Atlantic
|
164
|
17
|
6
|
1,364
|
-93
|
30
|
-6.00%
|
2.00%
|
|
|
|
E S Central
|
198
|
10
|
-60
|
1,645
|
-246
|
-100
|
-13.00%
|
-6.00%
|
|
|
|
W S Central
|
140
|
3
|
-85
|
982
|
-274
|
-267
|
-22.00%
|
-21.00%
|
|
|
|
Mountain
|
229
|
12
|
-28
|
2,373
|
-336
|
-104
|
-12.00%
|
-4.00%
|
|
|
|
Pacific
|
134
|
5
|
-14
|
1,404
|
-185
|
4
|
-12.00%
|
0.00%
|
|
|
|
United States
|
215
|
6
|
-32
|
2,019
|
-254
|
-12
|
-11.00%
|
-1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
