|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:07 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.791
|
$4.027
|
-5.86%
|
-$0.236
|
11,369
|
|
|
|
WTI
|
$74.22
|
$74.66
|
-0.59%
|
-$0.44
|
92,784
|
|
|
|
Brent
|
$78.04
|
$78.50
|
-0.59%
|
-$0.46
|
10,855
|
|
|
|
ULSD
|
$2.454
|
$2.516
|
-2.48%
|
-$0.062
|
2,944
|
|
|
|
RBOB
|
$2.044
|
$2.049
|
-0.25%
|
-$0.005
|
1,285
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.81
|
$3.84
|
-0.78%
|
-$0.03
|
Mar-25
|
|
|
|
3:2:1 Crack
|
$17.41
|
$17.75
|
-1.97%
|
-$0.35
|
Mar-25
|
|
|
|
PJM West Spark
|
$47.76
|
$45.48
|
5.02%
|
$2.28
|
Feb-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
01/24/25
|
576
|
-4
|
-45
|
01/27/24
|
|
|
|
Canada
|
01/24/25
|
245
|
16
|
15
|
01/27/24
|
|
|
|
International
|
Dec
|
909
|
-10
|
-46
|
Dec
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 1/21/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
83,705
|
83,306
|
83,163
|
143
|
|
|
|
PJM West Off Peak
|
74,904
|
74,485
|
74,037
|
448
|
|
|
|
Natural Gas Henry Hub
|
337,797
|
326,735
|
326,736
|
-1
|
|
|
|
WTI – Light Sweet Crude Futures
|
327,153
|
279,757
|
264,766
|
14,991
|
|
|
|
Brent Crude Last Day
|
185,474
|
177,538
|
177,863
|
-325
|
|
|
|
NYM Ethanol
|
36,323
|
35,298
|
35,978
|
-680
|
|
|
|
Mt Belvieu LDH Propane Swap
|
143,330
|
142,484
|
143,141
|
-657
|
|
|
|
RBOB
|
433,059
|
406,292
|
416,700
|
-10,408
|
|
|
|
HSC Basis
|
882,712
|
874,326
|
870,241
|
4,085
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
1/24/25
|
1/23/25
|
% Change
|
Change
|
12/24/24
|
% Change
|
1/25/24
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-25
|
$55.89
|
$54.09
|
3.32%
|
$1.79
|
$55.50
|
0.69%
|
$59.06
|
-5.37%
|
|
|
|
ERCOT North On Peak
|
Feb-25
|
$50.02
|
$49.53
|
0.99%
|
$0.49
|
$62.40
|
-19.83%
|
$75.76
|
-33.97%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-25
|
$37.55
|
$35.18
|
6.74%
|
$2.37
|
$40.11
|
-6.38%
|
$68.89
|
-45.49%
|
|
|
|
MISO Indiana On Peak
|
Feb-25
|
$50.21
|
$48.46
|
3.63%
|
$1.76
|
$45.83
|
9.58%
|
$52.75
|
-4.81%
|
|
|
|
NEISO Mass On Peak
|
Feb-25
|
$115.50
|
$120.20
|
-3.91%
|
-$4.70
|
$108.13
|
6.81%
|
$101.10
|
14.24%
|
|
|
|
WECC Mid C On Peak
|
Feb-25
|
$68.74
|
$69.50
|
-1.10%
|
-$0.76
|
$63.17
|
8.81%
|
$119.26
|
-42.36%
|
|
|
|
NYISO Zone G On Peak
|
Feb-25
|
$99.77
|
$101.92
|
-2.11%
|
-$2.15
|
$86.43
|
15.42%
|
$87.98
|
13.40%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/24/25
|
1/23/25
|
% Change
|
Change
|
12/24/24
|
% Change
|
1/25/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Feb-25
|
$4.027
|
$3.945
|
2.08%
|
$0.08
|
$3.50
|
14.93%
|
$3.73
|
8.02%
|
|
|
|
Houston Ship Channel
|
Feb-25
|
-$0.228
|
-$0.158
|
44.30%
|
-$0.07
|
$0.01
|
-1774.26%
|
$0.17
|
-232.31%
|
|
|
|
Chicago
|
Feb-25
|
$0.547
|
$0.575
|
5.12%
|
-$0.03
|
$0.77
|
-29.12%
|
$0.88
|
-37.50%
|
|
|
|
Waha
|
Feb-25
|
-$1.166
|
-$1.087
|
-7.25%
|
-$0.08
|
-$0.51
|
128.35%
|
-$0.06
|
1865.43%
|
|
|
|
Algonquin
|
Feb-25
|
$9.563
|
$9.209
|
3.84%
|
$0.35
|
$8.64
|
10.68%
|
$7.64
|
25.09%
|
|
|
|
Aeco
|
Feb-25
|
-$2.570
|
-$2.564
|
0.24%
|
-$0.01
|
-$1.87
|
37.27%
|
-$1.10
|
132.59%
|
|
|
|
Socal
|
Feb-25
|
$0.492
|
$0.287
|
71.20%
|
$0.20
|
$0.67
|
-27.08%
|
$2.76
|
-82.17%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/24/25
|
1/23/25
|
% Change
|
Change
|
12/24/24
|
% Change
|
1/25/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-25
|
$0.906
|
$0.910
|
-0.41%
|
$0.00
|
$0.77
|
17.51%
|
$0.79
|
14.93%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-25
|
$0.923
|
$0.921
|
0.13%
|
$0.00
|
$0.78
|
18.99%
|
$0.79
|
16.96%
|
|
|
|
Mt. Belview Ethane
|
Feb-25
|
$0.264
|
$0.270
|
-2.32%
|
-$0.01
|
$0.24
|
9.18%
|
$0.25
|
5.05%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-25
|
$1.555
|
$1.555
|
0.01%
|
$0.00
|
$1.46
|
6.33%
|
$1.45
|
7.13%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-25
|
$1.090
|
$1.094
|
-0.34%
|
$0.00
|
$1.10
|
-0.62%
|
$0.94
|
15.89%
|
|
|
|
Far East Propane
|
Feb-25
|
$6.229
|
$6.281
|
-0.82%
|
-$0.05
|
$5.96
|
4.49%
|
$5.88
|
5.99%
|
|
|
|
Saudi Propane
|
Feb-25
|
$6.330
|
$6.350
|
-0.32%
|
-$0.02
|
$6.02
|
5.23%
|
$5.54
|
14.22%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/24/25
|
1/23/25
|
% Change
|
Change
|
12/24/24
|
% Change
|
1/25/24
|
% Change
|
|
|
|
WTI
|
Mar-25
|
$74.66
|
$74.62
|
0.05%
|
$0.04
|
$69.64
|
7.21%
|
$72.67
|
2.74%
|
|
|
|
Brent
|
Mar-25
|
$78.50
|
$78.29
|
0.27%
|
$0.21
|
$73.17
|
7.28%
|
$77.48
|
1.32%
|
|
|
|
WCS
|
Mar-25
|
-$13.20
|
-$13.30
|
-0.76%
|
$0.10
|
-$14.60
|
-9.59%
|
-$15.44
|
-14.48%
|
|
|
|
LLS
|
Mar-25
|
$75.93
|
$76.55
|
-0.82%
|
-$0.63
|
$70.38
|
7.88%
|
$74.32
|
2.17%
|
|
|
|
Mars
|
Mar-25
|
$74.23
|
$74.75
|
-0.71%
|
-$0.53
|
$68.33
|
8.63%
|
$71.41
|
3.94%
|
|
|
|
Sour
|
Mar-25
|
$74.63
|
$75.43
|
-1.07%
|
-$0.80
|
$68.86
|
8.38%
|
$72.26
|
3.29%
|
|
|
|
ESPO
|
Mar-25
|
$76.50
|
$76.29
|
0.27%
|
$0.21
|
$71.17
|
7.49%
|
$75.48
|
1.35%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/24/25
|
1/23/25
|
% Change
|
Change
|
12/24/24
|
% Change
|
1/25/24
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-25
|
$2.51
|
$2.46
|
1.74%
|
$0.04
|
$2.23
|
12.52%
|
$2.50
|
0.32%
|
|
|
|
NY Gasoline
|
Feb-25
|
$2.03
|
$2.08
|
-2.40%
|
-$0.05
|
$1.97
|
2.89%
|
$2.08
|
-2.45%
|
|
|
|
GC Gasoline
|
Feb-25
|
$1.93
|
$1.98
|
-2.53%
|
-$0.05
|
$1.87
|
3.04%
|
$1.98
|
-2.57%
|
|
|
|
GC Jet
|
Feb-25
|
$2.30
|
$2.23
|
2.91%
|
$0.07
|
$2.11
|
9.26%
|
$2.42
|
-5.08%
|
|
|
|
Chicago Ethanol
|
Feb-25
|
$1.72
|
$1.72
|
0.17%
|
$0.00
|
$1.65
|
4.11%
|
$1.58
|
9.33%
|
|
|
|
Rotterdam Gasoil
|
Feb-25
|
$680.90
|
$683.86
|
-0.43%
|
-$2.96
|
$630.52
|
7.99%
|
$698.31
|
-2.49%
|
|
|
|
Singapore Jet Kero
|
Feb-25
|
$94.35
|
$93.45
|
0.96%
|
$0.90
|
$88.86
|
6.17%
|
$94.12
|
0.24%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/24/25
|
1/23/25
|
% Change
|
Change
|
12/24/24
|
% Change
|
1/25/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Mar-25
|
65.28%
|
68.16%
|
-4.23%
|
-2.88%
|
59.94%
|
8.91%
|
48.31%
|
35.13%
|
|
|
|
Algonquin Straddle
|
Mar-25
|
95.95%
|
96.37%
|
-0.44%
|
-0.42%
|
99.93%
|
-3.98%
|
70.02%
|
37.03%
|
|
|
|
Waha Straddle
|
Mar-25
|
188.52%
|
172.69%
|
9.17%
|
15.83%
|
177.63%
|
6.13%
|
53.47%
|
252.57%
|
|
|
|
Chicago Straddle
|
Mar-25
|
72.78%
|
75.26%
|
-3.30%
|
-2.48%
|
68.32%
|
6.53%
|
50.98%
|
42.76%
|
|
|
|
PJM West Straddle
|
Mar-25
|
53.47%
|
66.33%
|
-19.39%
|
-12.86%
|
58.85%
|
-9.14%
|
35.97%
|
48.65%
|
|
|
|
SP – 15 Straddle
|
Mar-25
|
296.86%
|
290.81%
|
2.08%
|
6.05%
|
225.93%
|
31.39%
|
15.97%
|
1758.86%
|
|
|
|
Mid. C Straddle
|
Mar-25
|
46.09%
|
44.28%
|
4.09%
|
1.81%
|
24.90%
|
85.10%
|
69.16%
|
-33.36%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/24/25
|
1/23/25
|
% Change
|
Change
|
12/24/24
|
% Change
|
1/25/24
|
% Change
|
|
|
|
Dutch TTF
|
Mar-25
|
EUR 49.86
|
EUR 49.39
|
0.95%
|
EUR 0.47
|
EUR 46.33
|
7.61%
|
EUR 34.22
|
45.72%
|
|
|
|
NBP
|
Mar-25
|
GBP 123.15
|
GBP 122.85
|
0.24%
|
GBP 0.30
|
GBP 114.46
|
7.59%
|
GBP 88.53
|
39.10%
|
|
|
|
German Base
|
Mar-25
|
EUR 96.63
|
EUR 95.13
|
1.57%
|
EUR 1.50
|
EUR 94.52
|
2.23%
|
EUR 84.10
|
14.90%
|
|
|
|
UK Base
|
Mar-25
|
GBP 97.05
|
GBP 95.55
|
1.57%
|
GBP 1.50
|
GBP 90.15
|
7.65%
|
GBP 79.16
|
22.60%
|
|
|
|
French Base
|
Mar-25
|
EUR 77.02
|
EUR 79.53
|
-3.15%
|
-EUR 2.51
|
EUR 80.38
|
-4.18%
|
EUR 88.89
|
-13.36%
|
|
|
|
Italian Base
|
Mar-25
|
EUR 138.45
|
EUR 137.70
|
0.54%
|
EUR 0.75
|
EUR 126.62
|
9.35%
|
EUR 101.49
|
36.43%
|
|
|
|
JKM LNG
|
Mar-25
|
$13.88
|
$13.80
|
0.59%
|
$0.08
|
$14.28
|
-2.86%
|
$12.80
|
8.46%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/24/25
|
1/23/25
|
% Change
|
Change
|
12/24/24
|
% Change
|
1/25/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Mar-25
|
$49.86
|
$49.39
|
0.95%
|
$0.47
|
$46.33
|
7.61%
|
$34.22
|
45.72%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Mar-25
|
$123.15
|
$122.85
|
0.24%
|
$0.30
|
$114.46
|
7.59%
|
$88.53
|
39.10%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Mar-25
|
$96.63
|
$95.13
|
1.57%
|
$1.50
|
$94.52
|
2.23%
|
$84.10
|
14.90%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Mar-25
|
$97.05
|
$95.55
|
1.57%
|
$1.50
|
$90.15
|
7.65%
|
$79.16
|
22.60%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Mar-25
|
$77.02
|
$79.53
|
-3.15%
|
-$2.51
|
$80.38
|
-4.18%
|
$88.89
|
-13.36%
|
|
|
|
Supramax Timecharter (DRY)
|
Mar-25
|
$138.45
|
$137.70
|
0.54%
|
$0.75
|
$126.62
|
9.35%
|
$101.49
|
36.43%
|
|
|
|
Capesize Timecharter (DRY)
|
Mar-25
|
$13.88
|
$13.80
|
0.59%
|
$0.08
|
$14.28
|
-2.86%
|
$12.80
|
8.46%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/25/2025
|
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
|
-3
|
4
|
-24
|
-5
|
NA
|
NA
|
|
|
|
E S Central
|
0
|
-1
|
0
|
0
|
-7
|
0
|
NA
|
NA
|
|
|
|
W S Central
|
0
|
-4
|
-1
|
1
|
-10
|
0
|
NA
|
NA
|
|
|
|
Mountain
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
-1
|
0
|
0
|
-1
|
0
|
NA
|
NA
|
|
|
|
United States
|
0
|
-2
|
-1
|
1
|
-6
|
-1
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/25/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
332
|
48
|
53
|
3,270
|
-196
|
246
|
-6.00%
|
8.00%
|
|
|
|
Middle Atlantic
|
318
|
54
|
55
|
2,954
|
-170
|
151
|
-5.00%
|
5.00%
|
|
|
|
E N Central
|
373
|
77
|
82
|
3,206
|
-318
|
101
|
-9.00%
|
3.00%
|
|
|
|
W N Central
|
384
|
70
|
64
|
3,390
|
-432
|
46
|
-11.00%
|
1.00%
|
|
|
|
South Atlantic
|
209
|
63
|
56
|
1,573
|
-30
|
86
|
-2.00%
|
6.00%
|
|
|
|
E S Central
|
276
|
91
|
72
|
1,922
|
-154
|
-28
|
-7.00%
|
-1.00%
|
|
|
|
W S Central
|
216
|
83
|
63
|
1,198
|
-191
|
-205
|
-14.00%
|
-15.00%
|
|
|
|
Mountain
|
264
|
52
|
77
|
2,637
|
-284
|
-26
|
-10.00%
|
-1.00%
|
|
|
|
Pacific
|
128
|
3
|
12
|
1,532
|
-182
|
17
|
-11.00%
|
1.00%
|
|
|
|
United States
|
265
|
57
|
57
|
2,284
|
-197
|
45
|
-8.00%
|
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
