|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:57 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.850
|
$3.945
|
-2.41%
|
-$0.095
|
16,006
|
|
|
|
WTI
|
$74.94
|
$74.62
|
0.43%
|
$0.32
|
85,601
|
|
|
|
Brent
|
$78.72
|
$78.29
|
0.55%
|
$0.43
|
9,465
|
|
|
|
ULSD
|
$2.501
|
$2.471
|
1.21%
|
$0.030
|
4,486
|
|
|
|
RBOB
|
$2.062
|
$2.066
|
-0.19%
|
-$0.004
|
1,816
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.76
|
$3.67
|
2.45%
|
$0.09
|
Mar-25
|
|
|
|
3:2:1 Crack
|
$17.80
|
$17.98
|
-0.99%
|
-$0.18
|
Mar-25
|
|
|
|
PJM West Spark
|
$45.89
|
$44.67
|
2.71%
|
$1.21
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/17/20
|
|
|
|
|
|
1/17/25
|
1/10/25
|
Net Change
|
% Change
|
1/19/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
613
|
669
|
-56
|
-8.37%
|
657
|
-6.70%
|
645
|
-4.96%
|
|
|
|
Midwest
|
744
|
808
|
-64
|
-7.92%
|
788
|
-5.58%
|
767
|
-2.95%
|
|
|
|
Mountain
|
229
|
240
|
-11
|
-4.58%
|
194
|
18.04%
|
160
|
43.48%
|
|
|
|
Pacific
|
269
|
283
|
-14
|
-4.95%
|
228
|
17.98%
|
215
|
25.23%
|
|
|
|
South
|
1,037
|
1,114
|
-77
|
-6.91%
|
990
|
4.75%
|
1,015
|
2.19%
|
|
|
|
Salt
|
297
|
326
|
-29
|
-8.90%
|
269
|
10.41%
|
295
|
0.75%
|
|
|
|
Non_Salt
|
739
|
788
|
-49
|
-6.22%
|
721
|
2.50%
|
720
|
2.67%
|
|
|
|
Total
|
2,892
|
3,115
|
-223
|
-7.16%
|
2,856
|
1.26%
|
2,801
|
3.26%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/23/25
|
1/22/25
|
% Change
|
Change
|
12/23/24
|
% Change
|
1/24/24
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-25
|
$54.09
|
$53.11
|
1.84%
|
$0.98
|
$54.35
|
-0.48%
|
$59.17
|
-8.58%
|
|
|
|
ERCOT North On Peak
|
Feb-25
|
$49.53
|
$49.57
|
-0.07%
|
-$0.03
|
$63.06
|
-21.45%
|
$79.22
|
-37.47%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-25
|
$35.18
|
$33.00
|
6.61%
|
$2.18
|
$36.65
|
-4.01%
|
$67.96
|
-48.23%
|
|
|
|
MISO Indiana On Peak
|
Feb-25
|
$48.46
|
$48.11
|
0.73%
|
$0.35
|
$44.64
|
8.55%
|
$52.71
|
-8.06%
|
|
|
|
NEISO Mass On Peak
|
Feb-25
|
$120.20
|
$111.23
|
8.06%
|
$8.96
|
$103.58
|
16.05%
|
$108.00
|
11.29%
|
|
|
|
WECC Mid C On Peak
|
Feb-25
|
$69.50
|
$62.50
|
11.20%
|
$7.00
|
$58.97
|
17.86%
|
$111.40
|
-37.62%
|
|
|
|
NYISO Zone G On Peak
|
Feb-25
|
$101.92
|
$95.90
|
6.27%
|
$6.01
|
$82.08
|
24.16%
|
$91.13
|
11.84%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/23/25
|
1/22/25
|
% Change
|
Change
|
12/23/24
|
% Change
|
1/24/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Feb-25
|
$3.945
|
$3.960
|
-0.38%
|
-$0.02
|
$3.35
|
17.90%
|
$3.78
|
4.25%
|
|
|
|
Houston Ship Channel
|
Feb-25
|
-$0.158
|
-$0.186
|
-15.02%
|
$0.03
|
$0.02
|
-798.23%
|
$0.16
|
-195.81%
|
|
|
|
Chicago
|
Feb-25
|
$0.575
|
$0.580
|
0.71%
|
$0.00
|
$0.74
|
-22.37%
|
$0.87
|
-33.81%
|
|
|
|
Waha
|
Feb-25
|
-$1.087
|
-$1.083
|
-0.34%
|
$0.00
|
-$0.40
|
174.21%
|
-$0.08
|
1272.10%
|
|
|
|
Algonquin
|
Feb-25
|
$9.209
|
$9.088
|
1.34%
|
$0.12
|
$7.75
|
18.82%
|
$7.77
|
18.59%
|
|
|
|
Aeco
|
Feb-25
|
-$2.564
|
-$2.580
|
-0.64%
|
$0.02
|
-$1.80
|
42.43%
|
-$1.14
|
124.00%
|
|
|
|
Socal
|
Feb-25
|
$0.287
|
$0.271
|
6.10%
|
$0.02
|
$0.63
|
-54.74%
|
$2.74
|
-89.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/23/25
|
1/22/25
|
% Change
|
Change
|
12/23/24
|
% Change
|
1/24/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-25
|
$0.910
|
$0.921
|
-1.21%
|
-$0.01
|
$0.77
|
18.95%
|
$0.77
|
18.69%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-25
|
$0.921
|
$0.934
|
-1.32%
|
-$0.01
|
$0.77
|
20.42%
|
$0.80
|
14.84%
|
|
|
|
Mt. Belview Ethane
|
Feb-25
|
$0.270
|
$0.268
|
0.90%
|
$0.00
|
$0.24
|
11.94%
|
$0.26
|
5.56%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-25
|
$1.555
|
$1.563
|
-0.49%
|
-$0.01
|
$1.44
|
7.90%
|
$1.42
|
9.56%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-25
|
$1.094
|
$1.094
|
-0.05%
|
$0.00
|
$1.05
|
3.89%
|
$0.97
|
12.60%
|
|
|
|
Far East Propane
|
Feb-25
|
$6.281
|
$6.251
|
0.48%
|
$0.03
|
$5.90
|
6.45%
|
$5.79
|
8.53%
|
|
|
|
Saudi Propane
|
Feb-25
|
$6.350
|
$6.320
|
0.48%
|
$0.03
|
$6.05
|
4.96%
|
$5.45
|
16.44%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/23/25
|
1/22/25
|
% Change
|
Change
|
12/23/24
|
% Change
|
1/24/24
|
% Change
|
|
|
|
WTI
|
Mar-25
|
$74.62
|
$75.44
|
-1.10%
|
-$0.82
|
$68.81
|
8.44%
|
$71.19
|
4.82%
|
|
|
|
Brent
|
Mar-25
|
$78.29
|
$79.00
|
-0.91%
|
-$0.71
|
$72.32
|
8.25%
|
$76.01
|
3.00%
|
|
|
|
WCS
|
Mar-25
|
-$13.30
|
-$13.80
|
-3.76%
|
$0.50
|
-$14.55
|
-8.59%
|
-$15.43
|
-13.83%
|
|
|
|
LLS
|
Mar-25
|
$76.55
|
$76.82
|
-0.35%
|
-$0.27
|
$70.76
|
8.18%
|
$73.15
|
4.65%
|
|
|
|
Mars
|
Mar-25
|
$74.75
|
$75.02
|
-0.36%
|
-$0.27
|
$68.51
|
9.11%
|
$70.96
|
5.35%
|
|
|
|
Sour
|
Mar-25
|
$75.43
|
$75.81
|
-0.50%
|
-$0.38
|
$69.07
|
9.21%
|
$71.09
|
6.10%
|
|
|
|
ESPO
|
Mar-25
|
$76.29
|
$77.00
|
-0.93%
|
-$0.71
|
$70.32
|
8.49%
|
$74.01
|
3.08%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/23/25
|
1/22/25
|
% Change
|
Change
|
12/23/24
|
% Change
|
1/24/24
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-25
|
$2.46
|
$2.48
|
-0.76%
|
-$0.02
|
$2.24
|
9.85%
|
$2.46
|
0.37%
|
|
|
|
NY Gasoline
|
Feb-25
|
$2.08
|
$2.12
|
-2.03%
|
-$0.04
|
$1.95
|
6.83%
|
$2.05
|
1.32%
|
|
|
|
GC Gasoline
|
Feb-25
|
$1.98
|
$2.02
|
-2.13%
|
-$0.04
|
$1.85
|
7.20%
|
$1.95
|
1.38%
|
|
|
|
GC Jet
|
Feb-25
|
$2.23
|
$2.31
|
-3.25%
|
-$0.08
|
$2.10
|
6.43%
|
$2.31
|
-3.37%
|
|
|
|
Chicago Ethanol
|
Feb-25
|
$1.72
|
$1.73
|
-0.75%
|
-$0.01
|
$1.64
|
4.56%
|
$1.57
|
9.28%
|
|
|
|
Rotterdam Gasoil
|
Feb-25
|
$683.86
|
$681.48
|
0.35%
|
$2.38
|
$630.00
|
8.55%
|
$676.09
|
1.15%
|
|
|
|
Singapore Jet Kero
|
Feb-25
|
$93.45
|
$93.00
|
0.48%
|
$0.44
|
$86.58
|
7.94%
|
$93.50
|
-0.05%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/23/25
|
1/22/25
|
% Change
|
Change
|
12/23/24
|
% Change
|
1/24/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Mar-25
|
68.16%
|
61.51%
|
10.81%
|
6.65%
|
74.68%
|
-8.73%
|
48.01%
|
41.97%
|
|
|
|
Algonquin Straddle
|
Mar-25
|
96.37%
|
90.28%
|
6.75%
|
6.09%
|
119.89%
|
-19.62%
|
70.43%
|
36.83%
|
|
|
|
Waha Straddle
|
Mar-25
|
172.69%
|
168.18%
|
2.68%
|
4.51%
|
210.77%
|
-18.07%
|
54.18%
|
218.73%
|
|
|
|
Chicago Straddle
|
Mar-25
|
75.26%
|
68.93%
|
9.18%
|
6.33%
|
93.38%
|
-19.40%
|
51.81%
|
45.26%
|
|
|
|
PJM West Straddle
|
Mar-25
|
66.33%
|
65.10%
|
1.89%
|
1.23%
|
59.77%
|
10.98%
|
36.85%
|
80.00%
|
|
|
|
SP – 15 Straddle
|
Mar-25
|
290.81%
|
302.56%
|
-3.88%
|
-11.75%
|
223.87%
|
29.90%
|
15.31%
|
1799.48%
|
|
|
|
Mid. C Straddle
|
Mar-25
|
44.28%
|
37.25%
|
18.87%
|
7.03%
|
25.38%
|
74.47%
|
58.25%
|
-23.98%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/23/25
|
1/22/25
|
% Change
|
Change
|
12/23/24
|
% Change
|
1/24/24
|
% Change
|
|
|
|
Dutch TTF
|
Mar-25
|
EUR 49.39
|
EUR 48.77
|
1.27%
|
EUR 0.62
|
EUR 45.87
|
7.68%
|
EUR 34.70
|
42.33%
|
|
|
|
NBP
|
Mar-25
|
GBP 122.85
|
GBP 122.00
|
0.70%
|
GBP 0.85
|
GBP 112.98
|
8.73%
|
GBP 89.16
|
37.78%
|
|
|
|
German Base
|
Mar-25
|
EUR 95.13
|
EUR 93.40
|
1.85%
|
EUR 1.72
|
EUR 93.32
|
1.93%
|
EUR 86.41
|
10.09%
|
|
|
|
UK Base
|
Mar-25
|
GBP 95.55
|
GBP 98.00
|
-2.50%
|
-GBP 2.45
|
GBP 87.05
|
9.77%
|
GBP 82.96
|
15.18%
|
|
|
|
French Base
|
Mar-25
|
EUR 79.53
|
EUR 78.82
|
0.90%
|
EUR 0.71
|
EUR 77.97
|
2.00%
|
EUR 90.74
|
-12.35%
|
|
|
|
Italian Base
|
Mar-25
|
EUR 137.70
|
EUR 138.31
|
-0.44%
|
-EUR 0.60
|
EUR 126.67
|
8.71%
|
EUR 100.99
|
36.36%
|
|
|
|
JKM LNG
|
Mar-25
|
$13.80
|
$13.69
|
0.78%
|
$0.11
|
$14.17
|
-2.64%
|
$12.84
|
7.47%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/23/25
|
1/22/25
|
% Change
|
Change
|
12/23/24
|
% Change
|
1/24/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Mar-25
|
$49.39
|
$48.77
|
1.27%
|
$0.62
|
$45.87
|
7.68%
|
$34.70
|
42.33%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Mar-25
|
$122.85
|
$122.00
|
0.70%
|
$0.85
|
$112.98
|
8.73%
|
$89.16
|
37.78%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Mar-25
|
$95.13
|
$93.40
|
1.85%
|
$1.72
|
$93.32
|
1.93%
|
$86.41
|
10.09%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Mar-25
|
$95.55
|
$98.00
|
-2.50%
|
-$2.45
|
$87.05
|
9.77%
|
$82.96
|
15.18%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Mar-25
|
$79.53
|
$78.82
|
0.90%
|
$0.71
|
$77.97
|
2.00%
|
$90.74
|
-12.35%
|
|
|
|
Supramax Timecharter (DRY)
|
Mar-25
|
$137.70
|
$138.31
|
-0.44%
|
-$0.60
|
$126.67
|
8.71%
|
$100.99
|
36.36%
|
|
|
|
Capesize Timecharter (DRY)
|
Mar-25
|
$13.80
|
$13.69
|
0.78%
|
$0.11
|
$14.17
|
-2.64%
|
$12.84
|
7.47%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
