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Prices as of 7:08 AM CST
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Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
Natural Gas
|
$4.197
|
$4.302
|
-2.44%
|
-$0.105
|
22,971
|
|
|
WTI
|
$67.37
|
$66.36
|
1.52%
|
$1.01
|
56,880
|
|
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Brent
|
$70.49
|
$69.46
|
1.48%
|
$1.03
|
10,539
|
|
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ULSD
|
$2.239
|
$2.224
|
0.70%
|
$0.016
|
6,297
|
|
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RBOB
|
$2.130
|
$2.101
|
1.35%
|
$0.028
|
4,542
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Spreads
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Current
|
Previous
|
% Change
|
Change
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Contract
|
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WTI-Brent
|
$3.46
|
$3.46
|
0.00%
|
$0.00
|
May-25
|
|
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3:2:1 Crack
|
$23.53
|
$23.48
|
0.20%
|
$0.05
|
Apr-25
|
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PJM West Spark
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$45.84
|
$46.41
|
-1.22%
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-$0.56
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Apr-25
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Baker Hughes Rig Count
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Date
|
Count
|
Change
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1 Year Chg.
|
1 Year Date
|
|
|
U.S.
|
02/28/25
|
593
|
1
|
-36
|
03/01/24
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Canada
|
02/28/25
|
248
|
4
|
17
|
03/01/24
|
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International
|
Feb
|
905
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0
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-53
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Feb
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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
|
Total Net Short
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Diff
|
|
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PJM West On Peak
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95,119
|
94,752
|
94,588
|
164
|
|
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PJM West Off Peak
|
85,248
|
85,175
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84,643
|
532
|
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Natural Gas Henry Hub
|
352,798
|
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
|
183,969
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177,145
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176,348
|
797
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NYM Ethanol
|
43,229
|
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
|
425,872
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404,328
|
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
|
3,812
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EIA Short Term Energy Outlook
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|
2023
|
2024
|
2025 Projected
|
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
|
$13.20
|
$13.50
|
$13.60
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Natural Gas Spot
|
$2.50
|
$2.20
|
$3.10
|
$4.00
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LNG Exports
|
12.00
|
12.00
|
14.00
|
16.00
|
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Electrical Generation %
|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
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Natural gas
|
42.00%
|
43.00%
|
41.00%
|
40.00%
|
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Coal
|
17.00%
|
16.00%
|
15.00%
|
15.00%
|
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Renewables
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22.00%
|
23.00%
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25.00%
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27.00%
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Nuclear
|
19.00%
|
19.00%
|
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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EIA Lower 48 Natural Gas Storage
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|
02/28/20
|
|
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2/28/25
|
2/21/25
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Net Change
|
% Change
|
3/1/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
East
|
340
|
362
|
-22
|
-6.08%
|
422
|
-19.43%
|
391
|
-13.09%
|
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Midwest
|
396
|
424
|
-28
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-6.60%
|
575
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-31.13%
|
490
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-19.25%
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Mountain
|
166
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168
|
-2
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-1.19%
|
169
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-1.78%
|
114
|
46.13%
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Pacific
|
199
|
198
|
1
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0.51%
|
219
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-9.13%
|
173
|
15.16%
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South
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658
|
688
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-30
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-4.36%
|
949
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-30.66%
|
785
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-16.18%
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Salt
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150
|
159
|
-9
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-5.66%
|
285
|
-47.37%
|
220
|
-31.94%
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Non_Salt
|
509
|
528
|
-19
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-3.60%
|
664
|
-23.34%
|
565
|
-9.85%
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Total
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1,760
|
1,840
|
-80
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-4.35%
|
2,334
|
-24.59%
|
1,953
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-9.90%
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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
|
3/6/25
|
3/5/25
|
% Change
|
Change
|
2/5/25
|
% Change
|
3/6/24
|
% Change
|
|
|
PJM West On Peak
|
Apr-25
|
$54.85
|
$55.61
|
-1.37%
|
-$0.76
|
$47.67
|
15.06%
|
$44.36
|
23.65%
|
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ERCOT North On Peak
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Apr-25
|
$44.04
|
$44.26
|
-0.50%
|
-$0.22
|
$40.69
|
8.23%
|
$37.12
|
18.64%
|
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CAISO SP 15 On Peak
|
Apr-25
|
$10.55
|
$9.70
|
8.80%
|
$0.85
|
$5.33
|
97.79%
|
$24.05
|
-56.13%
|
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MISO Indiana On Peak
|
Apr-25
|
$51.69
|
$52.58
|
-1.70%
|
-$0.89
|
$46.30
|
11.65%
|
$46.59
|
10.94%
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NEISO Mass On Peak
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Apr-25
|
$50.29
|
$53.17
|
-5.42%
|
-$2.88
|
$51.16
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-1.70%
|
$48.61
|
3.46%
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WECC Mid C On Peak
|
Apr-25
|
$49.44
|
$49.00
|
0.91%
|
$0.44
|
$44.05
|
12.25%
|
$53.90
|
-8.27%
|
|
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NYISO Zone G On Peak
|
Apr-25
|
$47.98
|
$50.68
|
-5.33%
|
-$2.70
|
$47.95
|
0.05%
|
$43.29
|
10.83%
|
|
|
|
|
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|
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|
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Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/6/25
|
3/5/25
|
% Change
|
Change
|
2/5/25
|
% Change
|
3/6/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Apr-25
|
$4.302
|
$4.450
|
-3.33%
|
-$0.15
|
$3.36
|
28.07%
|
$3.07
|
40.08%
|
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|
Houston Ship Channel
|
Apr-25
|
-$0.603
|
-$0.684
|
-11.83%
|
$0.08
|
-$0.47
|
27.22%
|
-$0.32
|
85.82%
|
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Chicago
|
Apr-25
|
-$0.276
|
-$0.289
|
4.67%
|
$0.01
|
-$0.21
|
33.72%
|
-$0.12
|
131.16%
|
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Waha
|
Apr-25
|
-$3.612
|
-$3.804
|
-5.05%
|
$0.19
|
-$2.47
|
46.37%
|
-$1.01
|
256.34%
|
|
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Algonquin
|
Apr-25
|
$0.204
|
$0.251
|
-18.73%
|
-$0.05
|
$0.30
|
-31.22%
|
$0.62
|
-67.25%
|
|
|
Aeco
|
Apr-25
|
-$2.930
|
-$2.737
|
7.07%
|
-$0.19
|
-$2.03
|
44.39%
|
-$0.82
|
256.11%
|
|
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Socal
|
Apr-25
|
-$0.795
|
-$0.891
|
-10.81%
|
$0.10
|
-$0.40
|
96.37%
|
-$0.21
|
272.41%
|
|
|
|
|
|
|
|
|
|
|
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|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/6/25
|
3/5/25
|
% Change
|
Change
|
2/5/25
|
% Change
|
3/6/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Apr-25
|
$0.803
|
$0.802
|
0.07%
|
$0.00
|
$0.82
|
-2.01%
|
$0.72
|
12.09%
|
|
|
Mt. Belvieu Propane non LST
|
Apr-25
|
$0.803
|
$0.808
|
-0.67%
|
-$0.01
|
$0.82
|
-2.52%
|
$0.73
|
10.70%
|
|
|
Mt. Belview Ethane
|
Apr-25
|
$0.294
|
$0.296
|
-0.81%
|
$0.00
|
$0.23
|
26.39%
|
$0.23
|
27.05%
|
|
|
Mt. Belview Nat. Gasoline
|
Apr-25
|
$1.373
|
$1.400
|
-1.96%
|
-$0.03
|
$1.49
|
-7.75%
|
$1.44
|
-4.79%
|
|
|
Mt. Belvieu Butane LST
|
Apr-25
|
$0.883
|
$0.891
|
-0.91%
|
-$0.01
|
$0.97
|
-9.34%
|
$0.85
|
3.53%
|
|
|
Far East Propane
|
Apr-25
|
$5.740
|
$5.741
|
-0.03%
|
$0.00
|
$5.98
|
-4.07%
|
$5.49
|
4.53%
|
|
|
Saudi Propane
|
Apr-25
|
$5.829
|
$5.841
|
-0.20%
|
-$0.01
|
$6.12
|
-4.79%
|
$5.14
|
13.39%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/6/25
|
3/5/25
|
% Change
|
Change
|
2/5/25
|
% Change
|
3/6/24
|
% Change
|
|
|
WTI
|
Apr-25
|
$66.36
|
$66.31
|
0.08%
|
$0.05
|
$70.74
|
-6.19%
|
$72.01
|
-7.85%
|
|
|
Brent
|
Apr-25
|
$69.69
|
$69.50
|
0.28%
|
$0.20
|
$74.61
|
-6.59%
|
$76.65
|
-9.08%
|
|
|
WCS
|
Apr-25
|
-$13.82
|
-$14.20
|
-2.82%
|
$0.39
|
-$14.15
|
-2.36%
|
-$12.96
|
6.61%
|
|
|
LLS
|
Apr-25
|
$68.63
|
$68.49
|
0.21%
|
$0.14
|
$74.22
|
-7.53%
|
$75.44
|
-9.02%
|
|
|
Mars
|
Apr-25
|
$67.31
|
$68.18
|
-1.29%
|
-$0.87
|
$72.47
|
-7.11%
|
$71.29
|
-5.58%
|
|
|
Sour
|
Apr-25
|
$67.11
|
$66.69
|
0.62%
|
$0.42
|
$72.37
|
-7.27%
|
$72.39
|
-7.29%
|
|
|
ESPO
|
Apr-25
|
$67.69
|
$67.50
|
0.29%
|
$0.20
|
$72.61
|
-6.77%
|
$74.65
|
-9.32%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/6/25
|
3/5/25
|
% Change
|
Change
|
2/5/25
|
% Change
|
3/6/24
|
% Change
|
|
|
NY Heating Oil
|
Apr-25
|
$2.25
|
$2.20
|
2.18%
|
$0.05
|
$2.34
|
-3.85%
|
$2.47
|
-9.05%
|
|
|
NY Gasoline
|
Apr-25
|
$2.10
|
$2.12
|
-0.85%
|
-$0.02
|
$2.29
|
-8.01%
|
$2.27
|
-7.24%
|
|
|
GC Gasoline
|
Apr-25
|
$2.00
|
$2.02
|
-0.89%
|
-$0.02
|
$2.18
|
-8.38%
|
$2.17
|
-7.57%
|
|
|
GC Jet
|
Apr-25
|
$2.06
|
$2.06
|
0.00%
|
$0.00
|
$2.22
|
-7.35%
|
$2.38
|
-13.76%
|
|
|
Chicago Ethanol
|
Apr-25
|
$1.68
|
$1.68
|
0.30%
|
$0.00
|
$1.79
|
-6.24%
|
$1.47
|
14.57%
|
|
|
Rotterdam Gasoil
|
Apr-25
|
$633.29
|
$643.50
|
-1.59%
|
-$10.21
|
$676.89
|
-6.44%
|
$703.60
|
-9.99%
|
|
|
Singapore Jet Kero
|
Apr-25
|
$83.09
|
$84.85
|
-2.08%
|
-$1.77
|
$88.75
|
-6.38%
|
$94.62
|
-12.19%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/6/25
|
3/5/25
|
% Change
|
Change
|
2/5/25
|
% Change
|
3/6/24
|
% Change
|
|
|
Henry Hub Straddle
|
Apr-25
|
67.32%
|
60.01%
|
12.18%
|
7.31%
|
51.54%
|
30.62%
|
37.55%
|
79.28%
|
|
|
Algonquin Straddle
|
Apr-25
|
68.60%
|
54.43%
|
26.03%
|
14.17%
|
47.67%
|
43.91%
|
32.59%
|
110.49%
|
|
|
Waha Straddle
|
Apr-25
|
242.43%
|
224.97%
|
7.76%
|
17.46%
|
151.31%
|
60.22%
|
49.65%
|
388.28%
|
|
|
Chicago Straddle
|
Apr-25
|
70.28%
|
59.02%
|
19.08%
|
11.26%
|
53.77%
|
30.70%
|
37.56%
|
87.11%
|
|
|
PJM West Straddle
|
Apr-25
|
50.91%
|
53.12%
|
-4.16%
|
-2.21%
|
40.25%
|
26.48%
|
34.30%
|
48.43%
|
|
|
SP – 15 Straddle
|
Apr-25
|
306.48%
|
300.34%
|
2.04%
|
6.14%
|
320.45%
|
-4.36%
|
69.29%
|
342.31%
|
|
|
Mid. C Straddle
|
Apr-25
|
139.34%
|
90.98%
|
53.15%
|
48.36%
|
59.17%
|
135.49%
|
110.16%
|
26.49%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/6/25
|
3/5/25
|
% Change
|
Change
|
2/5/25
|
% Change
|
3/6/24
|
% Change
|
|
|
Dutch TTF
|
Apr-25
|
EUR 37.83
|
EUR 41.00
|
-7.73%
|
-EUR 3.17
|
EUR 53.17
|
-28.86%
|
EUR 29.91
|
26.48%
|
|
|
NBP
|
Apr-25
|
GBP 92.31
|
GBP 99.01
|
-6.77%
|
-GBP 6.71
|
GBP 128.39
|
-28.10%
|
GBP 77.04
|
19.81%
|
|
|
German Base
|
Apr-25
|
EUR 72.86
|
EUR 75.24
|
-3.16%
|
-EUR 2.38
|
EUR 92.55
|
-21.27%
|
EUR 72.36
|
0.69%
|
|
|
UK Base
|
Apr-25
|
GBP 74.96
|
GBP 83.22
|
-9.94%
|
-GBP 8.27
|
GBP 103.33
|
-27.46%
|
GBP 70.11
|
6.92%
|
|
|
French Base
|
Apr-25
|
EUR 58.17
|
EUR 58.25
|
-0.14%
|
-EUR 0.08
|
EUR 71.80
|
-18.98%
|
EUR 65.77
|
-11.55%
|
|
|
Italian Base
|
Apr-25
|
EUR 101.90
|
EUR 109.89
|
-7.27%
|
-EUR 7.99
|
EUR 136.58
|
-25.39%
|
EUR 88.38
|
15.30%
|
|
|
JKM LNG
|
Apr-25
|
$13.01
|
$12.69
|
2.50%
|
$0.32
|
$15.66
|
-16.94%
|
$10.54
|
23.42%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
3/6/25
|
3/5/25
|
% Change
|
Change
|
2/5/25
|
% Change
|
3/6/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-25
|
$37.83
|
$41.00
|
-7.73%
|
-$3.17
|
$53.17
|
-28.86%
|
$29.91
|
26.48%
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-25
|
$92.31
|
$99.01
|
-6.77%
|
-$6.71
|
$128.39
|
-28.10%
|
$77.04
|
19.81%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-25
|
$72.86
|
$75.24
|
-3.16%
|
-$2.38
|
$92.55
|
-21.27%
|
$72.36
|
0.69%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-25
|
$74.96
|
$83.22
|
-9.94%
|
-$8.27
|
$103.33
|
-27.46%
|
$70.11
|
6.92%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-25
|
$58.17
|
$58.25
|
-0.14%
|
-$0.08
|
$71.80
|
-18.98%
|
$65.77
|
-11.55%
|
|
|
Supramax Timecharter (DRY)
|
Apr-25
|
$101.90
|
$109.89
|
-7.27%
|
-$7.99
|
$136.58
|
-25.39%
|
$88.38
|
15.30%
|
|
|
Capesize Timecharter (DRY)
|
Apr-25
|
$13.01
|
$12.69
|
2.50%
|
$0.32
|
$15.66
|
-16.94%
|
$10.54
|
23.42%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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