|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 9:04 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$4.011
|
$3.960
|
1.29%
|
$0.051
|
24,516
|
|
|
|
WTI
|
$75.56
|
$75.44
|
0.16%
|
$0.12
|
89,629
|
|
|
|
Brent
|
$79.17
|
$79.00
|
0.22%
|
$0.17
|
14,576
|
|
|
|
ULSD
|
$2.487
|
$2.484
|
0.11%
|
$0.003
|
6,485
|
|
|
|
RBOB
|
$2.074
|
$2.058
|
0.77%
|
$0.016
|
2,150
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.57
|
$3.56
|
0.28%
|
$0.01
|
Mar-25
|
|
|
|
3:2:1 Crack
|
$17.46
|
$16.97
|
2.88%
|
$0.49
|
Mar-25
|
|
|
|
PJM West Spark
|
$44.57
|
$43.07
|
3.47%
|
$1.50
|
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
|
1/22/25
|
1/21/25
|
% Change
|
Change
|
12/20/24
|
% Change
|
1/23/24
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-25
|
$53.11
|
$51.55
|
3.04%
|
$1.57
|
$56.60
|
-6.16%
|
$57.63
|
-7.84%
|
|
|
|
ERCOT North On Peak
|
Feb-25
|
$49.57
|
$45.69
|
8.50%
|
$3.88
|
$63.36
|
-21.77%
|
$77.99
|
-36.44%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-25
|
$33.00
|
$33.44
|
-1.31%
|
-$0.44
|
$38.55
|
-14.39%
|
$67.11
|
-50.83%
|
|
|
|
MISO Indiana On Peak
|
Feb-25
|
$48.11
|
$46.38
|
3.72%
|
$1.73
|
$47.86
|
0.52%
|
$51.26
|
-6.15%
|
|
|
|
NEISO Mass On Peak
|
Feb-25
|
$111.23
|
$109.36
|
1.71%
|
$1.87
|
$107.72
|
3.27%
|
$108.04
|
2.96%
|
|
|
|
WECC Mid C On Peak
|
Feb-25
|
$62.50
|
$60.00
|
4.17%
|
$2.50
|
$59.24
|
5.50%
|
$117.89
|
-46.99%
|
|
|
|
NYISO Zone G On Peak
|
Feb-25
|
$95.90
|
$93.77
|
2.27%
|
$2.13
|
$84.56
|
13.41%
|
$88.65
|
8.18%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/22/25
|
1/21/25
|
% Change
|
Change
|
12/20/24
|
% Change
|
1/23/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Feb-25
|
$3.960
|
$3.756
|
5.43%
|
$0.20
|
$3.41
|
16.06%
|
$3.73
|
6.28%
|
|
|
|
Houston Ship Channel
|
Feb-25
|
-$0.186
|
-$0.026
|
611.49%
|
-$0.16
|
$0.02
|
-1120.33%
|
$0.18
|
-202.60%
|
|
|
|
Chicago
|
Feb-25
|
$0.580
|
$0.693
|
19.53%
|
-$0.11
|
$0.70
|
-17.53%
|
$0.84
|
-31.07%
|
|
|
|
Waha
|
Feb-25
|
-$1.083
|
-$0.749
|
-44.67%
|
-$0.33
|
-$0.48
|
127.57%
|
-$0.09
|
1040.00%
|
|
|
|
Algonquin
|
Feb-25
|
$9.088
|
$9.010
|
0.87%
|
$0.08
|
$8.46
|
7.45%
|
$7.81
|
16.34%
|
|
|
|
Aeco
|
Feb-25
|
-$2.580
|
-$2.477
|
4.17%
|
-$0.10
|
-$1.88
|
37.21%
|
-$1.05
|
144.95%
|
|
|
|
Socal
|
Feb-25
|
$0.271
|
$0.481
|
-43.72%
|
-$0.21
|
$0.67
|
-59.55%
|
$2.49
|
-89.12%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/22/25
|
1/21/25
|
% Change
|
Change
|
12/20/24
|
% Change
|
1/23/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-25
|
$0.921
|
$0.919
|
0.27%
|
$0.00
|
$0.77
|
19.64%
|
$0.76
|
21.42%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-25
|
$0.934
|
$0.932
|
0.14%
|
$0.00
|
$0.77
|
20.59%
|
$0.74
|
26.84%
|
|
|
|
Mt. Belview Ethane
|
Feb-25
|
$0.268
|
$0.262
|
1.95%
|
$0.01
|
$0.23
|
13.87%
|
$0.24
|
9.38%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-25
|
$1.563
|
$1.568
|
-0.32%
|
-$0.01
|
$1.45
|
7.76%
|
$1.41
|
11.12%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-25
|
$1.094
|
$1.118
|
-2.16%
|
-$0.02
|
$1.06
|
3.57%
|
$0.89
|
23.22%
|
|
|
|
Far East Propane
|
Feb-25
|
$6.251
|
$6.230
|
0.33%
|
$0.02
|
$5.95
|
5.06%
|
$5.74
|
8.90%
|
|
|
|
Saudi Propane
|
Feb-25
|
$6.320
|
$6.325
|
-0.08%
|
$0.00
|
$6.06
|
4.20%
|
$5.40
|
17.03%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/22/25
|
1/21/25
|
% Change
|
Change
|
12/20/24
|
% Change
|
1/23/24
|
% Change
|
|
|
|
WTI
|
Mar-25
|
$75.44
|
$75.83
|
-0.52%
|
-$0.39
|
$69.02
|
9.30%
|
$70.76
|
6.61%
|
|
|
|
Brent
|
Mar-25
|
$79.00
|
$79.29
|
-0.37%
|
-$0.29
|
$72.56
|
8.88%
|
$75.68
|
4.39%
|
|
|
|
WCS
|
Mar-25
|
-$13.80
|
-$14.80
|
-7.25%
|
$1.00
|
-$14.80
|
-6.75%
|
-$15.44
|
-10.59%
|
|
|
|
LLS
|
Mar-25
|
$76.82
|
$77.84
|
-1.33%
|
-$1.02
|
$71.00
|
8.19%
|
$72.89
|
5.39%
|
|
|
|
Mars
|
Mar-25
|
$75.02
|
$76.14
|
-1.49%
|
-$1.12
|
$68.60
|
9.35%
|
$70.01
|
7.16%
|
|
|
|
Sour
|
Mar-25
|
$75.81
|
$77.31
|
-1.98%
|
-$1.50
|
$69.00
|
9.87%
|
$70.86
|
6.98%
|
|
|
|
ESPO
|
Mar-25
|
$77.00
|
$77.29
|
-0.38%
|
-$0.29
|
$70.56
|
9.13%
|
$73.68
|
4.51%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/22/25
|
1/21/25
|
% Change
|
Change
|
12/20/24
|
% Change
|
1/23/24
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-25
|
$2.48
|
$2.57
|
-3.31%
|
-$0.09
|
$2.22
|
11.94%
|
$2.46
|
0.85%
|
|
|
|
NY Gasoline
|
Feb-25
|
$2.12
|
$2.09
|
1.63%
|
$0.03
|
$1.95
|
8.87%
|
$2.02
|
5.00%
|
|
|
|
GC Gasoline
|
Feb-25
|
$2.02
|
$1.99
|
1.71%
|
$0.03
|
$1.85
|
9.35%
|
$1.92
|
5.25%
|
|
|
|
GC Jet
|
Feb-25
|
$2.31
|
$2.40
|
-3.87%
|
-$0.09
|
$2.14
|
7.99%
|
$2.56
|
-9.66%
|
|
|
|
Chicago Ethanol
|
Feb-25
|
$1.73
|
$1.74
|
-0.52%
|
-$0.01
|
$1.64
|
5.48%
|
$1.57
|
10.59%
|
|
|
|
Rotterdam Gasoil
|
Feb-25
|
$681.48
|
$684.04
|
-0.37%
|
-$2.56
|
$625.00
|
9.04%
|
$689.30
|
-1.13%
|
|
|
|
Singapore Jet Kero
|
Feb-25
|
$93.00
|
$95.66
|
-2.77%
|
-$2.65
|
$86.08
|
8.05%
|
$94.21
|
-1.28%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/22/25
|
1/21/25
|
% Change
|
Change
|
12/20/24
|
% Change
|
1/23/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Mar-25
|
61.51%
|
75.21%
|
-18.22%
|
-13.70%
|
67.29%
|
-8.59%
|
50.26%
|
22.38%
|
|
|
|
Algonquin Straddle
|
Mar-25
|
90.28%
|
103.48%
|
-12.76%
|
-13.20%
|
94.10%
|
-4.06%
|
66.38%
|
36.00%
|
|
|
|
Waha Straddle
|
Mar-25
|
168.18%
|
184.02%
|
-8.61%
|
-15.84%
|
194.77%
|
-13.65%
|
55.82%
|
201.29%
|
|
|
|
Chicago Straddle
|
Mar-25
|
68.93%
|
83.07%
|
-17.02%
|
-14.14%
|
75.65%
|
-8.88%
|
52.96%
|
30.15%
|
|
|
|
PJM West Straddle
|
Mar-25
|
65.10%
|
65.06%
|
0.06%
|
0.04%
|
59.91%
|
8.66%
|
36.72%
|
77.29%
|
|
|
|
SP – 15 Straddle
|
Mar-25
|
302.56%
|
281.09%
|
7.64%
|
21.47%
|
222.54%
|
35.96%
|
17.11%
|
1668.32%
|
|
|
|
Mid. C Straddle
|
Mar-25
|
37.25%
|
34.87%
|
6.83%
|
2.38%
|
21.70%
|
71.66%
|
72.43%
|
-48.57%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/22/25
|
1/21/25
|
% Change
|
Change
|
12/20/24
|
% Change
|
1/23/24
|
% Change
|
|
|
|
Dutch TTF
|
Mar-25
|
EUR 48.77
|
EUR 49.67
|
-1.80%
|
-EUR 0.90
|
EUR 44.04
|
10.75%
|
EUR 33.98
|
43.54%
|
|
|
|
NBP
|
Mar-25
|
GBP 122.00
|
GBP 124.91
|
-2.33%
|
-GBP 2.92
|
GBP 108.16
|
12.79%
|
GBP 86.67
|
40.76%
|
|
|
|
German Base
|
Mar-25
|
EUR 93.40
|
EUR 95.75
|
-2.45%
|
-EUR 2.35
|
EUR 89.48
|
4.38%
|
EUR 82.71
|
12.92%
|
|
|
|
UK Base
|
Mar-25
|
GBP 98.00
|
GBP 92.70
|
5.71%
|
GBP 5.29
|
GBP 86.30
|
13.56%
|
GBP 80.28
|
22.06%
|
|
|
|
French Base
|
Mar-25
|
EUR 78.82
|
EUR 78.81
|
0.02%
|
EUR 0.01
|
EUR 75.53
|
4.36%
|
EUR 85.64
|
-7.96%
|
|
|
|
Italian Base
|
Mar-25
|
EUR 138.31
|
EUR 134.82
|
2.59%
|
EUR 3.49
|
EUR 120.46
|
14.81%
|
EUR 99.92
|
38.42%
|
|
|
|
JKM LNG
|
Mar-25
|
$13.69
|
$14.73
|
-7.08%
|
-$1.04
|
$13.95
|
-1.89%
|
$12.62
|
8.43%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/22/25
|
1/21/25
|
% Change
|
Change
|
12/20/24
|
% Change
|
1/23/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Mar-25
|
$48.77
|
$49.67
|
-1.80%
|
-$0.90
|
$44.04
|
10.75%
|
$33.98
|
43.54%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Mar-25
|
$122.00
|
$124.91
|
-2.33%
|
-$2.92
|
$108.16
|
12.79%
|
$86.67
|
40.76%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Mar-25
|
$93.40
|
$95.75
|
-2.45%
|
-$2.35
|
$89.48
|
4.38%
|
$82.71
|
12.92%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Mar-25
|
$98.00
|
$92.70
|
5.71%
|
$5.29
|
$86.30
|
13.56%
|
$80.28
|
22.06%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Mar-25
|
$78.82
|
$78.81
|
0.02%
|
$0.01
|
$75.53
|
4.36%
|
$85.64
|
-7.96%
|
|
|
|
Supramax Timecharter (DRY)
|
Mar-25
|
$138.31
|
$134.82
|
2.59%
|
$3.49
|
$120.46
|
14.81%
|
$99.92
|
38.42%
|
|
|
|
Capesize Timecharter (DRY)
|
Mar-25
|
$13.69
|
$14.73
|
-7.08%
|
-$1.04
|
$13.95
|
-1.89%
|
$12.62
|
8.43%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
