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Prices as of 7:53 AM CST
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Current Price
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Previous Settle
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% Change
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Change
|
Volume
|
|
|
Natural Gas
|
$4.267
|
$4.122
|
3.52%
|
$0.145
|
50,466
|
|
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WTI
|
$67.55
|
$68.37
|
-1.20%
|
-$0.82
|
104,596
|
|
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Brent
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$70.53
|
$73.18
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-3.62%
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-$2.65
|
19,935
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ULSD
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$2.271
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$2.260
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0.47%
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$0.011
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16,087
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RBOB
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$2.183
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$2.188
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-0.21%
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-$0.005
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11,466
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Spreads
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Current
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Previous
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% Change
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Change
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Contract
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WTI-Brent
|
$3.41
|
$3.56
|
-4.21%
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-$0.15
|
May-25
|
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3:2:1 Crack
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$25.09
|
$24.33
|
3.12%
|
$0.76
|
Apr-25
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PJM West Spark
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$45.70
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$42.58
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7.34%
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$3.13
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Apr-25
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Baker Hughes Rig Count
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Date
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Count
|
Change
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1 Year Chg.
|
1 Year Date
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|
|
U.S.
|
02/28/25
|
593
|
1
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-36
|
03/01/24
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Canada
|
02/28/25
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248
|
4
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17
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03/01/24
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International
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Jan
|
905
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-4
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-60
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Jan
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CFTC Net Positions
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As of 2/25/2025
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Open Interest
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Total Net Long
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Total Net Short
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Diff
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PJM West On Peak
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95,119
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94,752
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94,588
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164
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PJM West Off Peak
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85,248
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85,175
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84,643
|
532
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Natural Gas Henry Hub
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352,798
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341,801
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339,273
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2,528
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WTI – Light Sweet Crude Futures
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154,003
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128,122
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115,612
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12,510
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Brent Crude Last Day
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183,969
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177,145
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176,348
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797
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NYM Ethanol
|
43,229
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42,017
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42,867
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-850
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Mt Belvieu LDH Propane Swap
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163,355
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162,731
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163,195
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-464
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RBOB
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425,872
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404,328
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405,970
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-1,642
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HSC Basis
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975,238
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967,306
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963,494
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3,812
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EIA Short Term Energy Outlook
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2023
|
2024
|
2025 Projected
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2026 Projected
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Brent
|
$82.00
|
$81.00
|
$74.00
|
$66.00
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Gasoline
|
$3.50
|
$3.30
|
$3.20
|
$3.00
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Crude Oil Production
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$12.90
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$13.20
|
$13.50
|
$13.60
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Natural Gas Spot
|
$2.50
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$2.20
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$3.10
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$4.00
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LNG Exports
|
12.00
|
12.00
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14.00
|
16.00
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Electrical Generation %
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2023
|
2024
|
2025 Projected
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2026 Projected
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Natural gas
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42.00%
|
43.00%
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41.00%
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40.00%
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Coal
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17.00%
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16.00%
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15.00%
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15.00%
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Renewables
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22.00%
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23.00%
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25.00%
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27.00%
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Nuclear
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19.00%
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19.00%
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19.00%
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19.00%
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Short Term Energy Outlook
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|

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|

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|

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EIA Lower 48 Natural Gas Storage
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02/21/20
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2/21/25
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2/14/25
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Net Change
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% Change
|
2/23/24
|
% Change
|
5 Year Avg.
|
% Change
|
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East
|
362
|
419
|
-57
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-13.60%
|
453
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-20.09%
|
426
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-14.98%
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Midwest
|
424
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494
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-70
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-14.17%
|
600
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-29.33%
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521
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-18.59%
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Mountain
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168
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182
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-14
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-7.69%
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169
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-0.59%
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118
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42.61%
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Pacific
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198
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208
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-10
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-4.81%
|
217
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-8.76%
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177
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11.74%
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South
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688
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799
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-111
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-13.89%
|
935
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-26.42%
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794
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-13.31%
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Salt
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159
|
214
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-55
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-25.70%
|
275
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-42.18%
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220
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-27.86%
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Non_Salt
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528
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585
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-57
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-9.74%
|
660
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-20.00%
|
573
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-7.92%
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Total
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1,840
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2,101
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-261
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-12.42%
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2,374
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-22.49%
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2,035
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-9.59%
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Power Generation Additions/Retirements
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Front Month Prices
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Electricity
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OTCGH/EOXLive Market Data
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Contract
|
3/3/25
|
2/28/25
|
% Change
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Change
|
1/31/25
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% Change
|
3/1/24
|
% Change
|
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PJM West On Peak
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Apr-25
|
$54.84
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$51.39
|
6.70%
|
$3.44
|
$45.21
|
21.30%
|
$42.54
|
28.91%
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ERCOT North On Peak
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Apr-25
|
$39.89
|
$38.13
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4.61%
|
$1.76
|
$36.87
|
8.19%
|
$34.75
|
14.79%
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CAISO SP 15 On Peak
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Apr-25
|
$5.12
|
$5.17
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-1.07%
|
-$0.06
|
$5.78
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-11.45%
|
$23.83
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-78.52%
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MISO Indiana On Peak
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Apr-25
|
$52.82
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$49.79
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6.09%
|
$3.03
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$44.51
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18.69%
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$44.47
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18.77%
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NEISO Mass On Peak
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Apr-25
|
$51.65
|
$52.72
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-2.02%
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-$1.06
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$45.02
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14.74%
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$47.08
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9.72%
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WECC Mid C On Peak
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Apr-25
|
$43.42
|
$43.14
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0.65%
|
$0.28
|
$45.25
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-4.04%
|
$52.84
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-17.82%
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NYISO Zone G On Peak
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Apr-25
|
$49.07
|
$50.11
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-2.07%
|
-$1.04
|
$40.61
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20.84%
|
$36.57
|
34.18%
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Natural Gas & Basis
|
|
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|
OTCGH/EOXLive Market Data
|
|
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|
Contract
|
3/3/25
|
2/28/25
|
% Change
|
Change
|
1/31/25
|
% Change
|
3/1/24
|
% Change
|
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|
NYMEX Henry Hub
|
Apr-25
|
$4.122
|
$3.834
|
7.51%
|
$0.29
|
$3.07
|
34.27%
|
$3.02
|
36.72%
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Houston Ship Channel
|
Apr-25
|
-$0.667
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-$0.595
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12.14%
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-$0.07
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-$0.42
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58.13%
|
-$0.33
|
101.02%
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Chicago
|
Apr-25
|
-$0.307
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-$0.281
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-8.50%
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-$0.03
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-$0.19
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60.40%
|
-$0.13
|
129.28%
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Waha
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Apr-25
|
-$3.595
|
-$3.410
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-5.42%
|
-$0.18
|
-$2.23
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61.47%
|
-$1.06
|
239.40%
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Algonquin
|
Apr-25
|
$0.170
|
$0.168
|
1.07%
|
$0.00
|
$0.20
|
-15.23%
|
$0.64
|
-73.66%
|
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Aeco
|
Apr-25
|
-$2.670
|
-$2.586
|
3.22%
|
-$0.08
|
-$1.88
|
42.33%
|
-$0.81
|
229.08%
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Socal
|
Apr-25
|
-$0.739
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-$0.665
|
11.17%
|
-$0.07
|
-$0.38
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92.75%
|
-$0.16
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351.68%
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Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
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|
Contract
|
3/3/25
|
2/28/25
|
% Change
|
Change
|
1/31/25
|
% Change
|
3/1/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Apr-25
|
$0.842
|
$0.842
|
0.00%
|
$0.00
|
$0.82
|
2.46%
|
$0.74
|
13.94%
|
|
|
Mt. Belvieu Propane non LST
|
Apr-25
|
$0.847
|
$0.854
|
-0.79%
|
-$0.01
|
$0.83
|
1.84%
|
$0.71
|
18.60%
|
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|
Mt. Belview Ethane
|
Apr-25
|
$0.282
|
$0.270
|
4.62%
|
$0.01
|
$0.24
|
19.55%
|
$0.23
|
25.35%
|
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Mt. Belview Nat. Gasoline
|
Apr-25
|
$1.438
|
$1.478
|
-2.68%
|
-$0.04
|
$1.49
|
-3.55%
|
$1.44
|
0.15%
|
|
|
Mt. Belvieu Butane LST
|
Apr-25
|
$0.923
|
$0.939
|
-1.68%
|
-$0.02
|
$0.99
|
-6.81%
|
$0.88
|
5.18%
|
|
|
Far East Propane
|
Apr-25
|
$5.830
|
$5.841
|
-0.19%
|
-$0.01
|
$5.97
|
-2.38%
|
$5.47
|
6.57%
|
|
|
Saudi Propane
|
Apr-25
|
$5.939
|
$5.911
|
0.47%
|
$0.03
|
$6.08
|
-2.32%
|
$5.16
|
15.10%
|
|
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|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/3/25
|
2/28/25
|
% Change
|
Change
|
1/31/25
|
% Change
|
3/1/24
|
% Change
|
|
|
WTI
|
Apr-25
|
$68.37
|
$69.76
|
-2.03%
|
-$1.39
|
$71.98
|
-5.02%
|
$72.09
|
-5.16%
|
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Brent
|
Apr-25
|
$71.85
|
$73.08
|
-1.71%
|
-$1.23
|
$75.67
|
-5.05%
|
$76.84
|
-6.50%
|
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WCS
|
Apr-25
|
-$12.87
|
-$13.21
|
-2.69%
|
$0.35
|
-$14.65
|
-12.18%
|
-$14.23
|
-9.57%
|
|
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LLS
|
Apr-25
|
$72.00
|
$72.07
|
-0.09%
|
-$0.07
|
$73.94
|
-2.61%
|
$74.98
|
-3.97%
|
|
|
Mars
|
Apr-25
|
$69.04
|
$70.72
|
-2.44%
|
-$1.68
|
$72.19
|
-4.36%
|
$71.17
|
-2.99%
|
|
|
Sour
|
Apr-25
|
$68.75
|
$69.47
|
-1.05%
|
-$0.72
|
$72.19
|
-4.77%
|
$72.75
|
-5.51%
|
|
|
ESPO
|
Apr-25
|
$69.85
|
$71.08
|
-1.76%
|
-$1.23
|
$73.67
|
-5.19%
|
$74.84
|
-6.67%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/3/25
|
2/28/25
|
% Change
|
Change
|
1/31/25
|
% Change
|
3/1/24
|
% Change
|
|
|
NY Heating Oil
|
Apr-25
|
$2.27
|
$2.32
|
-2.15%
|
-$0.05
|
$2.37
|
-4.21%
|
$2.47
|
-7.86%
|
|
|
NY Gasoline
|
Apr-25
|
$2.19
|
$2.24
|
-2.06%
|
-$0.05
|
$2.29
|
-4.28%
|
$2.28
|
-3.69%
|
|
|
GC Gasoline
|
Apr-25
|
$2.09
|
$2.14
|
-2.15%
|
-$0.05
|
$2.19
|
-4.47%
|
$2.18
|
-3.86%
|
|
|
GC Jet
|
Apr-25
|
$2.10
|
$2.13
|
-1.50%
|
-$0.03
|
$2.24
|
-6.16%
|
$2.34
|
-10.17%
|
|
|
Chicago Ethanol
|
Apr-25
|
$1.68
|
$1.72
|
-1.87%
|
-$0.03
|
$1.79
|
-6.24%
|
$1.45
|
15.83%
|
|
|
Rotterdam Gasoil
|
Apr-25
|
$659.55
|
$672.27
|
-1.89%
|
-$12.72
|
$681.51
|
-3.22%
|
$701.96
|
-6.04%
|
|
|
Singapore Jet Kero
|
Apr-25
|
$86.18
|
$88.31
|
-2.41%
|
-$2.12
|
$90.01
|
-4.26%
|
$94.38
|
-8.69%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/3/25
|
2/28/25
|
% Change
|
Change
|
1/31/25
|
% Change
|
3/1/24
|
% Change
|
|
|
Henry Hub Straddle
|
Apr-25
|
46.94%
|
54.30%
|
-13.55%
|
-7.36%
|
50.39%
|
-6.85%
|
38.34%
|
22.43%
|
|
|
Algonquin Straddle
|
Apr-25
|
42.45%
|
51.98%
|
-18.33%
|
-9.53%
|
41.84%
|
1.46%
|
35.89%
|
18.28%
|
|
|
Waha Straddle
|
Apr-25
|
242.85%
|
229.35%
|
5.89%
|
13.50%
|
162.01%
|
49.90%
|
47.47%
|
411.59%
|
|
|
Chicago Straddle
|
Apr-25
|
46.19%
|
57.90%
|
-20.22%
|
-11.71%
|
52.67%
|
-12.30%
|
36.87%
|
25.28%
|
|
|
PJM West Straddle
|
Apr-25
|
50.62%
|
48.87%
|
3.58%
|
1.75%
|
40.51%
|
24.96%
|
33.37%
|
51.69%
|
|
|
SP – 15 Straddle
|
Apr-25
|
41.19%
|
499.94%
|
-91.76%
|
-458.75%
|
566.70%
|
-92.73%
|
67.85%
|
-39.29%
|
|
|
Mid. C Straddle
|
Apr-25
|
84.72%
|
73.36%
|
15.49%
|
11.36%
|
54.35%
|
55.88%
|
77.52%
|
9.29%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/3/25
|
2/28/25
|
% Change
|
Change
|
1/31/25
|
% Change
|
3/1/24
|
% Change
|
|
|
Dutch TTF
|
Apr-25
|
EUR 45.77
|
EUR 44.30
|
3.33%
|
EUR 1.47
|
EUR 53.56
|
-14.53%
|
EUR 29.29
|
56.25%
|
|
|
NBP
|
Apr-25
|
GBP 108.33
|
GBP 104.69
|
3.47%
|
GBP 3.63
|
GBP 129.99
|
-16.66%
|
GBP 75.25
|
43.96%
|
|
|
German Base
|
Apr-25
|
EUR 80.15
|
EUR 77.22
|
3.79%
|
EUR 2.93
|
EUR 96.32
|
-16.79%
|
EUR 66.60
|
20.35%
|
|
|
UK Base
|
Apr-25
|
GBP 88.18
|
GBP 87.36
|
0.94%
|
GBP 0.82
|
GBP 96.35
|
-8.48%
|
GBP 65.13
|
35.39%
|
|
|
French Base
|
Apr-25
|
EUR 58.10
|
EUR 54.94
|
5.73%
|
EUR 3.15
|
EUR 77.67
|
-25.20%
|
EUR 61.80
|
-5.99%
|
|
|
Italian Base
|
Apr-25
|
EUR 117.50
|
EUR 117.22
|
0.23%
|
EUR 0.27
|
EUR 137.15
|
-14.33%
|
EUR 84.56
|
38.95%
|
|
|
JKM LNG
|
Apr-25
|
$14.31
|
$13.78
|
3.86%
|
$0.53
|
$15.41
|
-7.15%
|
$10.10
|
41.71%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/3/25
|
2/28/25
|
% Change
|
Change
|
1/31/25
|
% Change
|
3/1/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-25
|
$45.77
|
$44.30
|
3.33%
|
$1.47
|
$53.56
|
-14.53%
|
$29.29
|
56.25%
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-25
|
$108.33
|
$104.69
|
3.47%
|
$3.63
|
$129.99
|
-16.66%
|
$75.25
|
43.96%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-25
|
$80.15
|
$77.22
|
3.79%
|
$2.93
|
$96.32
|
-16.79%
|
$66.60
|
20.35%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-25
|
$88.18
|
$87.36
|
0.94%
|
$0.82
|
$96.35
|
-8.48%
|
$65.13
|
35.39%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-25
|
$58.10
|
$54.94
|
5.73%
|
$3.15
|
$77.67
|
-25.20%
|
$61.80
|
-5.99%
|
|
|
Supramax Timecharter (DRY)
|
Apr-25
|
$117.50
|
$117.22
|
0.23%
|
$0.27
|
$137.15
|
-14.33%
|
$84.56
|
38.95%
|
|
|
Capesize Timecharter (DRY)
|
Apr-25
|
$14.31
|
$13.78
|
3.86%
|
$0.53
|
$15.41
|
-7.15%
|
$10.10
|
41.71%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
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
|
6
|
-3
|
0
|
49
|
-15
|
11
|
NA
|
NA
|
|
|
E S Central
|
0
|
-3
|
-2
|
1
|
-11
|
0
|
NA
|
NA
|
|
|
W S Central
|
5
|
-1
|
-7
|
30
|
1
|
7
|
NA
|
NA
|
|
|
Mountain
|
2
|
1
|
2
|
3
|
-1
|
3
|
NA
|
NA
|
|
|
Pacific
|
0
|
-1
|
0
|
0
|
-3
|
0
|
NA
|
NA
|
|
|
United States
|
2
|
-1
|
-1
|
13
|
-4
|
3
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
197
|
-49
|
-24
|
4,572
|
-196
|
423
|
-4.00%
|
10.00%
|
|
|
Middle Atlantic
|
173
|
-54
|
-21
|
4,057
|
-275
|
341
|
-6.00%
|
9.00%
|
|
|
E N Central
|
197
|
-43
|
6
|
4,487
|
-348
|
420
|
-7.00%
|
10.00%
|
|
|
W N Central
|
172
|
-68
|
-19
|
4,784
|
-379
|
465
|
-7.00%
|
11.00%
|
|
|
South Atlantic
|
86
|
-25
|
-9
|
2,120
|
-113
|
121
|
-5.00%
|
6.00%
|
|
|
E S Central
|
113
|
-22
|
10
|
2,608
|
-245
|
70
|
-9.00%
|
3.00%
|
|
|
W S Central
|
64
|
-21
|
9
|
1,688
|
-224
|
-77
|
-12.00%
|
-4.00%
|
|
|
Mountain
|
124
|
-43
|
-25
|
3,503
|
-332
|
4
|
-9.00%
|
0.00%
|
|
|
Pacific
|
61
|
-42
|
-45
|
2,104
|
-152
|
42
|
-7.00%
|
2.00%
|
|
|
United States
|
125
|
-40
|
-13
|
3,151
|
-237
|
194
|
-7.00%
|
7.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
Weather Forecast & Seasonal Outlook
|

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