|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:08 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.874
|
$3.834
|
1.04%
|
$0.040
|
28,312
|
|
|
|
WTI
|
$70.14
|
$69.76
|
0.54%
|
$0.38
|
52,448
|
|
|
|
Brent
|
$73.23
|
$73.18
|
0.07%
|
$0.05
|
9,693
|
|
|
|
ULSD
|
$2.317
|
$2.355
|
-1.60%
|
-$0.038
|
8,826
|
|
|
|
RBOB
|
$2.233
|
$1.970
|
13.32%
|
$0.263
|
7,011
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.49
|
$3.47
|
0.58%
|
$0.02
|
May-25
|
|
|
|
3:2:1 Crack
|
$24.56
|
$24.66
|
-0.39%
|
-$0.10
|
Apr-25
|
|
|
|
PJM West Spark
|
NA
|
NA
|
NA
|
NA
|
Mar-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
02/28/25
|
593
|
1
|
-36
|
03/01/24
|
|
|
|
Canada
|
02/28/25
|
248
|
4
|
17
|
03/01/24
|
|
|
|
International
|
Jan
|
905
|
-4
|
-60
|
Jan
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 2/25/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
95,119
|
94,752
|
94,588
|
164
|
|
|
|
PJM West Off Peak
|
85,248
|
85,175
|
84,643
|
532
|
|
|
|
Natural Gas Henry Hub
|
352,798
|
341,801
|
339,273
|
2,528
|
|
|
|
WTI – Light Sweet Crude Futures
|
154,003
|
128,122
|
115,612
|
12,510
|
|
|
|
Brent Crude Last Day
|
183,969
|
177,145
|
176,348
|
797
|
|
|
|
NYM Ethanol
|
43,229
|
42,017
|
42,867
|
-850
|
|
|
|
Mt Belvieu LDH Propane Swap
|
163,355
|
162,731
|
163,195
|
-464
|
|
|
|
RBOB
|
425,872
|
404,328
|
405,970
|
-1,642
|
|
|
|
HSC Basis
|
975,238
|
967,306
|
963,494
|
3,812
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/21/20
|
|
|
|
|
|
2/21/25
|
2/14/25
|
Net Change
|
% Change
|
2/23/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
362
|
419
|
-57
|
-13.60%
|
453
|
-20.09%
|
426
|
-14.98%
|
|
|
|
Midwest
|
424
|
494
|
-70
|
-14.17%
|
600
|
-29.33%
|
521
|
-18.59%
|
|
|
|
Mountain
|
168
|
182
|
-14
|
-7.69%
|
169
|
-0.59%
|
118
|
42.61%
|
|
|
|
Pacific
|
198
|
208
|
-10
|
-4.81%
|
217
|
-8.76%
|
177
|
11.74%
|
|
|
|
South
|
688
|
799
|
-111
|
-13.89%
|
935
|
-26.42%
|
794
|
-13.31%
|
|
|
|
Salt
|
159
|
214
|
-55
|
-25.70%
|
275
|
-42.18%
|
220
|
-27.86%
|
|
|
|
Non_Salt
|
528
|
585
|
-57
|
-9.74%
|
660
|
-20.00%
|
573
|
-7.92%
|
|
|
|
Total
|
1,840
|
2,101
|
-261
|
-12.42%
|
2,374
|
-22.49%
|
2,035
|
-9.59%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/28/25
|
2/27/25
|
% Change
|
Change
|
1/30/25
|
% Change
|
2/29/24
|
% Change
|
|
|
|
PJM West On Peak
|
Mar-25
|
$46.50
|
$48.89
|
-4.90%
|
-$2.40
|
$41.73
|
11.42%
|
$46.18
|
0.68%
|
|
|
|
ERCOT North On Peak
|
Mar-25
|
$32.86
|
$35.01
|
-6.14%
|
-$2.15
|
$32.19
|
2.06%
|
$39.31
|
-16.41%
|
|
|
|
CAISO SP 15 On Peak
|
Mar-25
|
$12.83
|
$11.88
|
7.98%
|
$0.95
|
$13.75
|
-6.66%
|
$36.95
|
-65.27%
|
|
|
|
MISO Indiana On Peak
|
Mar-25
|
$42.26
|
$44.73
|
-5.53%
|
-$2.47
|
$37.97
|
11.27%
|
$45.29
|
-6.69%
|
|
|
|
NEISO Mass On Peak
|
Mar-25
|
$68.75
|
$62.71
|
9.63%
|
$6.04
|
$57.94
|
18.67%
|
$61.91
|
11.06%
|
|
|
|
WECC Mid C On Peak
|
Mar-25
|
$39.02
|
$39.44
|
-1.07%
|
-$0.42
|
$43.75
|
-10.82%
|
$74.63
|
-47.72%
|
|
|
|
NYISO Zone G On Peak
|
Mar-25
|
$61.14
|
$55.74
|
9.69%
|
$5.40
|
$51.69
|
18.28%
|
$44.19
|
38.35%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/28/25
|
2/27/25
|
% Change
|
Change
|
1/30/25
|
% Change
|
2/29/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Apr-25
|
$3.834
|
$3.934
|
-2.54%
|
-$0.10
|
$3.07
|
24.89%
|
$3.03
|
26.53%
|
|
|
|
Houston Ship Channel
|
Apr-25
|
-$0.595
|
-$0.614
|
-3.11%
|
$0.02
|
-$0.46
|
29.30%
|
-$0.34
|
77.39%
|
|
|
|
Chicago
|
Apr-25
|
-$0.281
|
-$0.280
|
-0.28%
|
$0.00
|
-$0.19
|
47.92%
|
-$0.14
|
96.57%
|
|
|
|
Waha
|
Apr-25
|
-$3.410
|
-$3.369
|
-1.23%
|
-$0.04
|
-$2.28
|
49.57%
|
-$1.04
|
227.01%
|
|
|
|
Algonquin
|
Apr-25
|
$0.168
|
$0.172
|
-2.61%
|
$0.00
|
$0.24
|
-29.66%
|
$0.64
|
-73.72%
|
|
|
|
Aeco
|
Apr-25
|
-$2.586
|
-$2.653
|
-2.51%
|
$0.07
|
-$1.93
|
33.97%
|
-$0.83
|
211.56%
|
|
|
|
Socal
|
Apr-25
|
-$0.665
|
-$0.661
|
0.56%
|
$0.00
|
-$0.46
|
45.15%
|
-$0.16
|
315.17%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/28/25
|
2/27/25
|
% Change
|
Change
|
1/30/25
|
% Change
|
2/29/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Mar-25
|
$0.888
|
$0.880
|
0.85%
|
$0.01
|
$0.86
|
3.65%
|
$0.76
|
17.20%
|
|
|
|
Mt. Belvieu Propane non LST
|
Mar-25
|
$0.895
|
$0.890
|
0.55%
|
$0.00
|
$0.87
|
3.26%
|
$0.77
|
16.67%
|
|
|
|
Mt. Belview Ethane
|
Mar-25
|
$0.269
|
$0.269
|
0.02%
|
$0.00
|
$0.23
|
15.10%
|
$0.24
|
11.57%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Mar-25
|
$1.503
|
$1.514
|
-0.72%
|
-$0.01
|
$1.51
|
-0.48%
|
$1.46
|
3.28%
|
|
|
|
Mt. Belvieu Butane LST
|
Mar-25
|
$0.971
|
$0.985
|
-1.38%
|
-$0.01
|
$1.05
|
-7.30%
|
$0.90
|
7.98%
|
|
|
|
Far East Propane
|
Mar-25
|
$5.976
|
$6.021
|
-0.74%
|
-$0.04
|
$6.14
|
-2.60%
|
$5.70
|
4.78%
|
|
|
|
Saudi Propane
|
Mar-25
|
$6.096
|
$6.142
|
-0.75%
|
-$0.05
|
$6.27
|
-2.77%
|
$5.34
|
14.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/28/25
|
2/27/25
|
% Change
|
Change
|
1/30/25
|
% Change
|
2/29/24
|
% Change
|
|
|
|
WTI
|
Apr-25
|
$69.76
|
$70.35
|
-0.85%
|
-$0.59
|
$72.18
|
-3.35%
|
$71.35
|
-2.23%
|
|
|
|
Brent
|
Apr-25
|
$73.08
|
$74.04
|
-1.32%
|
-$0.96
|
$75.89
|
-3.71%
|
$76.10
|
-3.97%
|
|
|
|
WCS
|
Apr-25
|
-$13.21
|
-$12.21
|
7.55%
|
-$1.00
|
-$14.55
|
-9.20%
|
-$14.13
|
-6.50%
|
|
|
|
LLS
|
Apr-25
|
$72.07
|
$72.51
|
-0.61%
|
-$0.44
|
$73.64
|
-2.13%
|
$73.41
|
-1.83%
|
|
|
|
Mars
|
Apr-25
|
$70.72
|
$70.89
|
-0.24%
|
-$0.17
|
$71.89
|
-1.62%
|
$70.16
|
0.80%
|
|
|
|
Sour
|
Apr-25
|
$69.47
|
$69.98
|
-0.74%
|
-$0.51
|
$71.98
|
-3.48%
|
$70.97
|
-2.11%
|
|
|
|
ESPO
|
Apr-25
|
$71.08
|
$72.04
|
-1.35%
|
-$0.96
|
$73.89
|
-3.81%
|
$74.10
|
-4.08%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/28/25
|
2/27/25
|
% Change
|
Change
|
1/30/25
|
% Change
|
2/29/24
|
% Change
|
|
|
|
NY Heating Oil
|
Mar-25
|
$2.37
|
$2.38
|
-0.59%
|
-$0.01
|
$2.40
|
-1.37%
|
$2.46
|
-3.62%
|
|
|
|
NY Gasoline
|
Mar-25
|
$1.99
|
$1.98
|
0.45%
|
$0.01
|
$2.29
|
-12.95%
|
$2.06
|
-3.44%
|
|
|
|
GC Gasoline
|
Mar-25
|
$1.89
|
$1.88
|
0.48%
|
$0.01
|
$2.19
|
-13.54%
|
$1.96
|
-3.62%
|
|
|
|
GC Jet
|
Mar-25
|
$2.17
|
$2.16
|
0.32%
|
$0.01
|
$2.25
|
-3.69%
|
$2.33
|
-7.07%
|
|
|
|
Chicago Ethanol
|
Mar-25
|
$1.68
|
$1.69
|
-0.77%
|
-$0.01
|
$1.78
|
-5.79%
|
$1.47
|
14.47%
|
|
|
|
Rotterdam Gasoil
|
Mar-25
|
$643.80
|
$642.68
|
0.18%
|
$1.13
|
$678.52
|
-5.12%
|
$696.09
|
-7.51%
|
|
|
|
Singapore Jet Kero
|
Mar-25
|
$88.94
|
$87.43
|
1.72%
|
$1.51
|
$92.31
|
-3.65%
|
$94.01
|
-5.40%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/28/25
|
2/27/25
|
% Change
|
Change
|
1/30/25
|
% Change
|
2/29/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Apr-25
|
54.30%
|
55.11%
|
-1.47%
|
-0.81%
|
51.89%
|
4.64%
|
38.06%
|
42.67%
|
|
|
|
Algonquin Straddle
|
Apr-25
|
51.98%
|
53.53%
|
-2.90%
|
-1.55%
|
42.62%
|
21.96%
|
33.42%
|
55.54%
|
|
|
|
Waha Straddle
|
Apr-25
|
229.35%
|
207.21%
|
10.68%
|
22.14%
|
160.66%
|
42.75%
|
48.32%
|
374.65%
|
|
|
|
Chicago Straddle
|
Apr-25
|
57.90%
|
59.78%
|
-3.14%
|
-1.88%
|
54.02%
|
7.18%
|
36.29%
|
59.55%
|
|
|
|
PJM West Straddle
|
Apr-25
|
48.87%
|
49.26%
|
-0.79%
|
-0.39%
|
39.16%
|
24.80%
|
33.17%
|
47.33%
|
|
|
|
SP – 15 Straddle
|
Apr-25
|
499.94%
|
43.31%
|
1054.33%
|
456.63%
|
260.47%
|
91.94%
|
68.59%
|
628.88%
|
|
|
|
Mid. C Straddle
|
Apr-25
|
73.36%
|
76.00%
|
-3.47%
|
-2.64%
|
49.07%
|
49.50%
|
78.61%
|
-6.68%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/28/25
|
2/27/25
|
% Change
|
Change
|
1/30/25
|
% Change
|
2/29/24
|
% Change
|
|
|
|
Dutch TTF
|
Apr-25
|
EUR 44.30
|
EUR 45.26
|
-2.11%
|
-EUR 0.96
|
EUR 51.21
|
-13.50%
|
EUR 28.80
|
53.80%
|
|
|
|
NBP
|
Apr-25
|
GBP 104.69
|
GBP 107.07
|
-2.22%
|
-GBP 2.37
|
GBP 124.75
|
-16.08%
|
GBP 75.97
|
37.81%
|
|
|
|
German Base
|
Apr-25
|
EUR 77.22
|
EUR 80.05
|
-3.53%
|
-EUR 2.83
|
EUR 93.11
|
-17.07%
|
EUR 67.01
|
15.24%
|
|
|
|
UK Base
|
Apr-25
|
GBP 87.36
|
GBP 85.65
|
1.99%
|
GBP 1.71
|
GBP 97.17
|
-10.09%
|
GBP 63.83
|
36.86%
|
|
|
|
French Base
|
Apr-25
|
EUR 54.94
|
EUR 58.18
|
-5.56%
|
-EUR 3.24
|
EUR 71.89
|
-23.57%
|
EUR 57.87
|
-5.05%
|
|
|
|
Italian Base
|
Apr-25
|
EUR 117.22
|
EUR 118.54
|
-1.11%
|
-EUR 1.32
|
EUR 133.68
|
-12.31%
|
EUR 81.11
|
44.52%
|
|
|
|
JKM LNG
|
Apr-25
|
$14.60
|
$15.70
|
-7.07%
|
-$1.11
|
$14.40
|
1.33%
|
$10.52
|
38.80%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/28/25
|
2/27/25
|
% Change
|
Change
|
1/30/25
|
% Change
|
2/29/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-25
|
$44.30
|
$45.26
|
-2.11%
|
-$0.96
|
$51.21
|
-13.50%
|
$28.80
|
53.80%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-25
|
$104.69
|
$107.07
|
-2.22%
|
-$2.37
|
$124.75
|
-16.08%
|
$75.97
|
37.81%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-25
|
$77.22
|
$80.05
|
-3.53%
|
-$2.83
|
$93.11
|
-17.07%
|
$67.01
|
15.24%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-25
|
$87.36
|
$85.65
|
1.99%
|
$1.71
|
$97.17
|
-10.09%
|
$63.83
|
36.86%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-25
|
$54.94
|
$58.18
|
-5.56%
|
-$3.24
|
$71.89
|
-23.57%
|
$57.87
|
-5.05%
|
|
|
|
Supramax Timecharter (DRY)
|
Apr-25
|
$117.22
|
$118.54
|
-1.11%
|
-$1.32
|
$133.68
|
-12.31%
|
$81.11
|
44.52%
|
|
|
|
Capesize Timecharter (DRY)
|
Apr-25
|
$14.60
|
$15.70
|
-7.07%
|
-$1.11
|
$14.40
|
1.33%
|
$10.52
|
38.80%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/01/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
|
|
|
|
|
|
|
|
|
|
|
Middle Atlantic
|
|
|
|
|
|
|
|
|
|
|
|
E N Central
|
|
|
|
|
|
|
|
|
|
|
|
W N Central
|
|
|
|
|
|
|
|
|
|
|
|
South Atlantic
|
|
|
|
|
|
|
|
|
|
|
|
E S Central
|
|
|
|
|
|
|
|
|
|
|
|
W S Central
|
|
|
|
|
|
|
|
|
|
|
|
Mountain
|
|
|
|
|
|
|
|
|
|
|
|
Pacific
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/01/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
|
|
|
|
|
|
|
|
|
|
|
Middle Atlantic
|
|
|
|
|
|
|
|
|
|
|
|
E N Central
|
|
|
|
|
|
|
|
|
|
|
|
W N Central
|
|
|
|
|
|
|
|
|
|
|
|
South Atlantic
|
|
|
|
|
|
|
|
|
|
|
|
E S Central
|
|
|
|
|
|
|
|
|
|
|
|
W S Central
|
|
|
|
|
|
|
|
|
|
|
|
Mountain
|
|
|
|
|
|
|
|
|
|
|
|
Pacific
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
