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Prices as of 7:08 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
|
$4.450
|
$4.450
|
0.00%
|
$0.000
|
29,094
|
|
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WTI
|
$66.79
|
$66.31
|
0.72%
|
$0.48
|
60,133
|
|
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Brent
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$69.74
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$69.30
|
0.63%
|
$0.44
|
10,698
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ULSD
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$2.260
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$2.241
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0.85%
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$0.019
|
4,785
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RBOB
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$2.142
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$2.137
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0.22%
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$0.005
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4,824
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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
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$3.48
|
$3.39
|
2.65%
|
$0.09
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May-25
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3:2:1 Crack
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$24.67
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$24.63
|
0.16%
|
$0.04
|
Apr-25
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PJM West Spark
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$46.09
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$46.45
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-0.79%
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-$0.36
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Apr-25
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Baker Hughes Rig Count
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Date
|
Count
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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
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02/28/25
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248
|
4
|
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
|
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
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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
|
$12.90
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$13.20
|
$13.50
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$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
|
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
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424
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494
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-70
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-14.17%
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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
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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
|
3/5/25
|
3/4/25
|
% Change
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Change
|
2/4/25
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% Change
|
3/5/24
|
% Change
|
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PJM West On Peak
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Apr-25
|
$55.61
|
$55.97
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-0.65%
|
-$0.36
|
$46.17
|
20.44%
|
$42.87
|
29.70%
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ERCOT North On Peak
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Apr-25
|
$44.26
|
$42.94
|
3.08%
|
$1.32
|
$34.34
|
28.88%
|
$35.20
|
25.74%
|
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CAISO SP 15 On Peak
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Apr-25
|
$9.70
|
$7.53
|
28.85%
|
$2.17
|
$5.06
|
91.51%
|
$24.09
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-59.75%
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MISO Indiana On Peak
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Apr-25
|
$52.58
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$52.91
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-0.62%
|
-$0.33
|
$44.90
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17.11%
|
$44.98
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16.90%
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NEISO Mass On Peak
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Apr-25
|
$53.17
|
$56.49
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-5.88%
|
-$3.32
|
$49.32
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7.80%
|
$47.42
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12.14%
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WECC Mid C On Peak
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Apr-25
|
$49.00
|
$49.65
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-1.30%
|
-$0.65
|
$44.92
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9.09%
|
$53.62
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-8.62%
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NYISO Zone G On Peak
|
Apr-25
|
$50.68
|
$53.74
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-5.69%
|
-$3.06
|
$47.31
|
7.13%
|
$42.26
|
19.93%
|
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Natural Gas & Basis
|
|
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|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/5/25
|
3/4/25
|
% Change
|
Change
|
2/4/25
|
% Change
|
3/5/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Apr-25
|
$4.450
|
$4.350
|
2.30%
|
$0.10
|
$3.27
|
36.29%
|
$3.08
|
44.48%
|
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Houston Ship Channel
|
Apr-25
|
-$0.684
|
-$0.722
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-5.24%
|
$0.04
|
-$0.43
|
57.58%
|
-$0.33
|
110.24%
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Chicago
|
Apr-25
|
-$0.289
|
-$0.326
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12.84%
|
$0.04
|
-$0.18
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60.41%
|
-$0.12
|
138.76%
|
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Waha
|
Apr-25
|
-$3.804
|
-$3.750
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-1.43%
|
-$0.05
|
-$2.38
|
59.57%
|
-$1.03
|
267.96%
|
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Algonquin
|
Apr-25
|
$0.251
|
$0.166
|
51.02%
|
$0.08
|
$0.30
|
-17.19%
|
$0.62
|
-59.76%
|
|
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Aeco
|
Apr-25
|
-$2.737
|
-$2.898
|
-5.58%
|
$0.16
|
-$2.00
|
36.55%
|
-$0.82
|
234.07%
|
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Socal
|
Apr-25
|
-$0.891
|
-$0.829
|
7.59%
|
-$0.06
|
-$0.38
|
134.17%
|
-$0.21
|
331.51%
|
|
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Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/5/25
|
3/4/25
|
% Change
|
Change
|
2/4/25
|
% Change
|
3/5/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Apr-25
|
$0.802
|
$0.823
|
-2.58%
|
-$0.02
|
$0.83
|
-3.07%
|
$0.72
|
11.65%
|
|
|
Mt. Belvieu Propane non LST
|
Apr-25
|
$0.808
|
$0.830
|
-2.70%
|
-$0.02
|
$0.83
|
-3.07%
|
$0.71
|
13.56%
|
|
|
Mt. Belview Ethane
|
Apr-25
|
$0.296
|
$0.296
|
0.02%
|
$0.00
|
$0.23
|
27.45%
|
$0.23
|
29.51%
|
|
|
Mt. Belview Nat. Gasoline
|
Apr-25
|
$1.400
|
$1.423
|
-1.58%
|
-$0.02
|
$1.49
|
-6.09%
|
$1.41
|
-0.72%
|
|
|
Mt. Belvieu Butane LST
|
Apr-25
|
$0.891
|
$0.910
|
-2.16%
|
-$0.02
|
$0.99
|
-10.16%
|
$0.84
|
6.02%
|
|
|
Far East Propane
|
Apr-25
|
$5.741
|
$5.819
|
-1.34%
|
-$0.08
|
$6.01
|
-4.47%
|
$5.44
|
5.48%
|
|
|
Saudi Propane
|
Apr-25
|
$5.841
|
$5.869
|
-0.48%
|
-$0.03
|
$6.19
|
-5.60%
|
$5.20
|
12.36%
|
|
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|
|
|
|
|
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|
|
|
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|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/5/25
|
3/4/25
|
% Change
|
Change
|
2/4/25
|
% Change
|
3/5/24
|
% Change
|
|
|
WTI
|
Apr-25
|
$66.31
|
$68.26
|
-2.94%
|
-$1.95
|
$72.34
|
-8.34%
|
$71.55
|
-7.32%
|
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Brent
|
Apr-25
|
$69.50
|
$71.27
|
-2.56%
|
-$1.78
|
$76.20
|
-8.80%
|
$76.24
|
-8.85%
|
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WCS
|
Apr-25
|
-$14.20
|
-$13.90
|
2.13%
|
-$0.30
|
-$14.90
|
-4.67%
|
-$13.22
|
7.48%
|
|
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LLS
|
Apr-25
|
$68.49
|
$70.09
|
-2.34%
|
-$1.60
|
$73.94
|
-7.38%
|
$73.60
|
-6.95%
|
|
|
Mars
|
Apr-25
|
$68.18
|
$68.56
|
-0.55%
|
-$0.38
|
$72.19
|
-5.55%
|
$70.20
|
-2.87%
|
|
|
Sour
|
Apr-25
|
$66.69
|
$68.67
|
-2.96%
|
-$1.97
|
$72.38
|
-7.85%
|
$71.29
|
-6.44%
|
|
|
ESPO
|
Apr-25
|
$67.50
|
$69.27
|
-2.63%
|
-$1.78
|
$74.20
|
-9.04%
|
$74.24
|
-9.08%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/5/25
|
3/4/25
|
% Change
|
Change
|
2/4/25
|
% Change
|
3/5/24
|
% Change
|
|
|
NY Heating Oil
|
Apr-25
|
$2.20
|
$2.29
|
-3.93%
|
-$0.09
|
$2.38
|
-7.52%
|
$2.41
|
-8.48%
|
|
|
NY Gasoline
|
Apr-25
|
$2.12
|
$2.19
|
-3.20%
|
-$0.07
|
$2.32
|
-8.66%
|
$2.24
|
-5.53%
|
|
|
GC Gasoline
|
Apr-25
|
$2.02
|
$2.09
|
-3.35%
|
-$0.07
|
$2.22
|
-9.05%
|
$2.14
|
-5.78%
|
|
|
GC Jet
|
Apr-25
|
$2.06
|
$2.08
|
-1.15%
|
-$0.02
|
$2.25
|
-8.50%
|
$2.32
|
-11.23%
|
|
|
Chicago Ethanol
|
Apr-25
|
$1.68
|
$1.66
|
1.08%
|
$0.02
|
$1.82
|
-7.80%
|
$1.46
|
14.62%
|
|
|
Rotterdam Gasoil
|
Apr-25
|
$643.50
|
$652.20
|
-1.33%
|
-$8.70
|
$681.88
|
-5.63%
|
$692.35
|
-7.06%
|
|
|
Singapore Jet Kero
|
Apr-25
|
$84.85
|
$84.60
|
0.29%
|
$0.25
|
$89.15
|
-4.82%
|
$94.86
|
-10.55%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/5/25
|
3/4/25
|
% Change
|
Change
|
2/4/25
|
% Change
|
3/5/24
|
% Change
|
|
|
Henry Hub Straddle
|
Apr-25
|
60.01%
|
52.47%
|
14.37%
|
7.54%
|
58.10%
|
3.29%
|
36.43%
|
64.73%
|
|
|
Algonquin Straddle
|
Apr-25
|
54.43%
|
49.26%
|
10.50%
|
5.17%
|
53.76%
|
1.25%
|
31.13%
|
74.85%
|
|
|
Waha Straddle
|
Apr-25
|
224.97%
|
251.65%
|
-10.60%
|
-26.68%
|
153.76%
|
46.31%
|
46.87%
|
379.99%
|
|
|
Chicago Straddle
|
Apr-25
|
59.02%
|
56.17%
|
5.07%
|
2.85%
|
59.98%
|
-1.60%
|
35.20%
|
67.67%
|
|
|
PJM West Straddle
|
Apr-25
|
53.12%
|
51.96%
|
2.23%
|
1.16%
|
42.57%
|
24.78%
|
34.41%
|
54.37%
|
|
|
SP – 15 Straddle
|
Apr-25
|
300.34%
|
291.07%
|
3.18%
|
9.27%
|
376.66%
|
-20.26%
|
60.21%
|
398.82%
|
|
|
Mid. C Straddle
|
Apr-25
|
90.98%
|
81.47%
|
11.67%
|
9.51%
|
78.60%
|
15.75%
|
110.89%
|
-17.95%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/5/25
|
3/4/25
|
% Change
|
Change
|
2/4/25
|
% Change
|
3/5/24
|
% Change
|
|
|
Dutch TTF
|
Apr-25
|
EUR 41.00
|
EUR 42.85
|
-4.30%
|
-EUR 1.84
|
EUR 52.27
|
-21.57%
|
EUR 30.50
|
34.45%
|
|
|
NBP
|
Apr-25
|
GBP 99.01
|
GBP 102.51
|
-3.41%
|
-GBP 3.50
|
GBP 125.92
|
-21.37%
|
GBP 79.37
|
24.74%
|
|
|
German Base
|
Apr-25
|
EUR 75.24
|
EUR 77.32
|
-2.69%
|
-EUR 2.08
|
EUR 91.34
|
-17.63%
|
EUR 70.96
|
6.02%
|
|
|
UK Base
|
Apr-25
|
GBP 83.22
|
GBP 82.54
|
0.83%
|
GBP 0.68
|
GBP 101.41
|
-17.93%
|
GBP 68.79
|
20.98%
|
|
|
French Base
|
Apr-25
|
EUR 58.25
|
EUR 58.78
|
-0.90%
|
-EUR 0.53
|
EUR 69.64
|
-16.35%
|
EUR 65.80
|
-11.46%
|
|
|
Italian Base
|
Apr-25
|
EUR 109.89
|
EUR 111.11
|
-1.10%
|
-EUR 1.22
|
EUR 135.12
|
-18.67%
|
EUR 87.60
|
25.45%
|
|
|
JKM LNG
|
Apr-25
|
$12.69
|
$13.43
|
-5.52%
|
-$0.74
|
$15.17
|
-16.37%
|
$10.61
|
19.62%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/5/25
|
3/4/25
|
% Change
|
Change
|
2/4/25
|
% Change
|
3/5/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-25
|
$41.00
|
$42.85
|
-4.30%
|
-$1.84
|
$52.27
|
-21.57%
|
$30.50
|
34.45%
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-25
|
$99.01
|
$102.51
|
-3.41%
|
-$3.50
|
$125.92
|
-21.37%
|
$79.37
|
24.74%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-25
|
$75.24
|
$77.32
|
-2.69%
|
-$2.08
|
$91.34
|
-17.63%
|
$70.96
|
6.02%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-25
|
$83.22
|
$82.54
|
0.83%
|
$0.68
|
$101.41
|
-17.93%
|
$68.79
|
20.98%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-25
|
$58.25
|
$58.78
|
-0.90%
|
-$0.53
|
$69.64
|
-16.35%
|
$65.80
|
-11.46%
|
|
|
Supramax Timecharter (DRY)
|
Apr-25
|
$109.89
|
$111.11
|
-1.10%
|
-$1.22
|
$135.12
|
-18.67%
|
$87.60
|
25.45%
|
|
|
Capesize Timecharter (DRY)
|
Apr-25
|
$12.69
|
$13.43
|
-5.52%
|
-$0.74
|
$15.17
|
-16.37%
|
$10.61
|
19.62%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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