|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:07 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.211
|
$3.535
|
-9.17%
|
-$0.324
|
21,443
|
|
|
|
WTI
|
$72.53
|
$72.62
|
-0.12%
|
-$0.09
|
58,742
|
|
|
|
Brent
|
$76.55
|
$76.58
|
-0.04%
|
-$0.03
|
2,427
|
|
|
|
ULSD
|
$2.451
|
$2.454
|
-0.14%
|
-$0.003
|
804
|
|
|
|
RBOB
|
$2.030
|
$2.036
|
-0.28%
|
-$0.006
|
1,051
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$4.05
|
$3.96
|
2.27%
|
$0.09
|
Mar-25
|
|
|
|
3:2:1 Crack
|
$18.44
|
$18.55
|
-0.59%
|
-$0.11
|
Mar-25
|
|
|
|
PJM West Spark
|
NA
|
NA
|
NA
|
NA
|
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
|
1/29/25
|
1/28/25
|
% Change
|
Change
|
12/30/24
|
% Change
|
1/30/24
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-25
|
$46.37
|
$45.95
|
0.91%
|
$0.42
|
$66.82
|
-30.60%
|
$56.44
|
-17.84%
|
|
|
|
ERCOT North On Peak
|
Feb-25
|
$39.99
|
$39.99
|
-0.01%
|
$0.00
|
$71.82
|
-44.33%
|
$74.54
|
-46.35%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-25
|
$34.00
|
$34.12
|
-0.36%
|
-$0.12
|
$41.00
|
-17.07%
|
$67.32
|
-49.49%
|
|
|
|
MISO Indiana On Peak
|
Feb-25
|
$43.11
|
$42.05
|
2.51%
|
$1.06
|
$55.75
|
-22.68%
|
$50.27
|
-14.24%
|
|
|
|
NEISO Mass On Peak
|
Feb-25
|
$106.05
|
$107.07
|
-0.95%
|
-$1.02
|
$133.96
|
-20.84%
|
$97.45
|
8.82%
|
|
|
|
WECC Mid C On Peak
|
Feb-25
|
$68.52
|
$63.12
|
8.55%
|
$5.40
|
$56.16
|
22.01%
|
$127.62
|
-46.31%
|
|
|
|
NYISO Zone G On Peak
|
Feb-25
|
$92.34
|
$91.65
|
0.74%
|
$0.68
|
$104.01
|
-11.22%
|
$85.27
|
8.29%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/25
|
1/28/25
|
% Change
|
Change
|
12/30/24
|
% Change
|
1/30/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Mar-25
|
$3.170
|
$3.122
|
1.54%
|
$0.05
|
$3.27
|
-3.15%
|
$3.25
|
-2.46%
|
|
|
|
Houston Ship Channel
|
Mar-25
|
-$0.403
|
-$0.384
|
4.79%
|
-$0.02
|
-$0.41
|
-2.07%
|
-$0.29
|
37.43%
|
|
|
|
Chicago
|
Mar-25
|
-$0.078
|
-$0.084
|
7.82%
|
$0.01
|
-$0.07
|
10.48%
|
-$0.05
|
71.43%
|
|
|
|
Waha
|
Mar-25
|
-$1.986
|
-$2.200
|
-9.71%
|
$0.21
|
-$1.93
|
2.86%
|
-$0.78
|
153.12%
|
|
|
|
Algonquin
|
Mar-25
|
$1.836
|
$1.816
|
1.10%
|
$0.02
|
$2.80
|
-34.55%
|
$2.92
|
-37.24%
|
|
|
|
Aeco
|
Mar-25
|
-$1.939
|
-$1.979
|
-2.03%
|
$0.04
|
-$1.88
|
2.97%
|
-$0.98
|
97.70%
|
|
|
|
Socal
|
Mar-25
|
-$0.186
|
-$0.190
|
-1.95%
|
$0.00
|
-$0.39
|
-52.50%
|
$0.64
|
-128.99%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/25
|
1/28/25
|
% Change
|
Change
|
12/30/24
|
% Change
|
1/30/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-25
|
$0.885
|
$0.873
|
1.42%
|
$0.01
|
$0.79
|
11.51%
|
$0.79
|
12.07%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-25
|
$0.909
|
$0.888
|
2.37%
|
$0.02
|
$0.79
|
14.30%
|
$0.80
|
13.33%
|
|
|
|
Mt. Belview Ethane
|
Feb-25
|
$0.240
|
$0.245
|
-2.01%
|
$0.00
|
$0.24
|
-2.02%
|
$0.25
|
-2.87%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-25
|
$1.511
|
$1.521
|
-0.66%
|
-$0.01
|
$1.49
|
1.08%
|
$1.44
|
5.08%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-25
|
$1.109
|
$1.095
|
1.26%
|
$0.01
|
$1.11
|
-0.29%
|
$0.93
|
18.79%
|
|
|
|
Far East Propane
|
Feb-25
|
$6.260
|
$6.260
|
0.00%
|
$0.00
|
$6.10
|
2.70%
|
$5.87
|
6.64%
|
|
|
|
Saudi Propane
|
Feb-25
|
$6.350
|
$6.340
|
0.16%
|
$0.01
|
$6.21
|
2.25%
|
$5.56
|
14.19%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/25
|
1/28/25
|
% Change
|
Change
|
12/30/24
|
% Change
|
1/30/24
|
% Change
|
|
|
|
WTI
|
Mar-25
|
$72.62
|
$73.77
|
-1.58%
|
-$1.15
|
$70.53
|
2.96%
|
$73.12
|
-0.68%
|
|
|
|
Brent
|
Mar-25
|
$76.58
|
$77.49
|
-1.19%
|
-$0.91
|
$73.99
|
3.50%
|
$77.90
|
-1.69%
|
|
|
|
WCS
|
Mar-25
|
-$14.50
|
-$13.35
|
7.93%
|
-$1.15
|
-$14.50
|
-0.01%
|
-$12.40
|
16.94%
|
|
|
|
LLS
|
Mar-25
|
$75.12
|
$74.49
|
0.84%
|
$0.63
|
$71.75
|
4.71%
|
$75.60
|
-0.63%
|
|
|
|
Mars
|
Mar-25
|
$73.47
|
$72.59
|
1.20%
|
$0.88
|
$69.65
|
5.49%
|
$71.42
|
2.88%
|
|
|
|
Sour
|
Mar-25
|
$73.72
|
$73.17
|
0.74%
|
$0.55
|
$70.23
|
4.98%
|
$73.00
|
0.99%
|
|
|
|
ESPO
|
Mar-25
|
$74.58
|
$75.49
|
-1.22%
|
-$0.91
|
$71.99
|
3.60%
|
$75.90
|
-1.74%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/25
|
1/28/25
|
% Change
|
Change
|
12/30/24
|
% Change
|
1/30/24
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-25
|
$2.45
|
$2.45
|
0.20%
|
$0.00
|
$2.31
|
6.51%
|
$2.53
|
-2.77%
|
|
|
|
NY Gasoline
|
Feb-25
|
$2.04
|
$2.04
|
-0.15%
|
$0.00
|
$2.00
|
1.85%
|
$2.04
|
-0.05%
|
|
|
|
GC Gasoline
|
Feb-25
|
$1.94
|
$1.94
|
-0.15%
|
$0.00
|
$1.90
|
1.95%
|
$1.94
|
-0.05%
|
|
|
|
GC Jet
|
Feb-25
|
$2.27
|
$2.25
|
0.67%
|
$0.02
|
$2.18
|
3.76%
|
$2.38
|
-4.71%
|
|
|
|
Chicago Ethanol
|
Feb-25
|
$1.74
|
$1.71
|
2.05%
|
$0.03
|
$1.67
|
3.88%
|
$1.60
|
8.55%
|
|
|
|
Rotterdam Gasoil
|
Feb-25
|
$668.18
|
$672.16
|
-0.59%
|
-$3.98
|
$647.24
|
3.24%
|
$708.03
|
-5.63%
|
|
|
|
Singapore Jet Kero
|
Feb-25
|
$92.39
|
$91.95
|
0.47%
|
$0.43
|
$89.26
|
3.51%
|
$95.65
|
-3.41%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/25
|
1/28/25
|
% Change
|
Change
|
12/30/24
|
% Change
|
1/30/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Mar-25
|
54.50%
|
59.02%
|
-7.66%
|
-4.52%
|
51.90%
|
5.01%
|
45.76%
|
19.10%
|
|
|
|
Algonquin Straddle
|
Mar-25
|
78.46%
|
88.33%
|
-11.17%
|
-9.87%
|
99.22%
|
-20.92%
|
59.72%
|
31.38%
|
|
|
|
Waha Straddle
|
Mar-25
|
178.33%
|
165.08%
|
8.03%
|
13.25%
|
162.49%
|
9.75%
|
51.90%
|
243.60%
|
|
|
|
Chicago Straddle
|
Mar-25
|
60.92%
|
65.72%
|
-7.30%
|
-4.80%
|
59.67%
|
2.09%
|
49.18%
|
23.87%
|
|
|
|
PJM West Straddle
|
Mar-25
|
52.86%
|
48.79%
|
8.34%
|
4.07%
|
63.60%
|
-16.89%
|
36.39%
|
45.26%
|
|
|
|
SP – 15 Straddle
|
Mar-25
|
336.97%
|
333.93%
|
0.91%
|
3.04%
|
254.10%
|
32.61%
|
18.48%
|
1723.43%
|
|
|
|
Mid. C Straddle
|
Mar-25
|
52.73%
|
42.76%
|
23.32%
|
9.97%
|
21.29%
|
147.67%
|
46.98%
|
12.24%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/25
|
1/28/25
|
% Change
|
Change
|
12/30/24
|
% Change
|
1/30/24
|
% Change
|
|
|
|
Dutch TTF
|
Mar-25
|
EUR 51.37
|
EUR 48.50
|
5.93%
|
EUR 2.87
|
EUR 48.03
|
6.96%
|
EUR 34.65
|
48.25%
|
|
|
|
NBP
|
Mar-25
|
GBP 126.94
|
GBP 119.37
|
6.34%
|
GBP 7.57
|
GBP 118.08
|
7.50%
|
GBP 91.09
|
39.35%
|
|
|
|
German Base
|
Mar-25
|
EUR 101.86
|
EUR 93.95
|
8.42%
|
EUR 7.91
|
EUR 94.54
|
7.75%
|
EUR 85.00
|
19.83%
|
|
|
|
UK Base
|
Mar-25
|
GBP 97.15
|
GBP 94.90
|
2.38%
|
GBP 2.25
|
GBP 93.75
|
3.63%
|
GBP 79.79
|
21.76%
|
|
|
|
French Base
|
Mar-25
|
EUR 84.35
|
EUR 76.95
|
9.61%
|
EUR 7.40
|
EUR 81.74
|
3.19%
|
EUR 90.14
|
-6.43%
|
|
|
|
Italian Base
|
Mar-25
|
EUR 140.19
|
EUR 135.82
|
3.22%
|
EUR 4.37
|
EUR 129.36
|
8.37%
|
EUR 101.90
|
37.58%
|
|
|
|
JKM LNG
|
Mar-25
|
$14.56
|
$13.93
|
4.49%
|
$0.63
|
$14.41
|
1.05%
|
$12.89
|
12.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/25
|
1/28/25
|
% Change
|
Change
|
12/30/24
|
% Change
|
1/30/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Mar-25
|
$51.37
|
$48.50
|
5.93%
|
$2.87
|
$48.03
|
6.96%
|
$34.65
|
48.25%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Mar-25
|
$126.94
|
$119.37
|
6.34%
|
$7.57
|
$118.08
|
7.50%
|
$91.09
|
39.35%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Mar-25
|
$101.86
|
$93.95
|
8.42%
|
$7.91
|
$94.54
|
7.75%
|
$85.00
|
19.83%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Mar-25
|
$97.15
|
$94.90
|
2.38%
|
$2.25
|
$93.75
|
3.63%
|
$79.79
|
21.76%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Mar-25
|
$84.35
|
$76.95
|
9.61%
|
$7.40
|
$81.74
|
3.19%
|
$90.14
|
-6.43%
|
|
|
|
Supramax Timecharter (DRY)
|
Mar-25
|
$140.19
|
$135.82
|
3.22%
|
$4.37
|
$129.36
|
8.37%
|
$101.90
|
37.58%
|
|
|
|
Capesize Timecharter (DRY)
|
Mar-25
|
$14.56
|
$13.93
|
4.49%
|
$0.63
|
$14.41
|
1.05%
|
$12.89
|
12.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
