|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 8:13 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.980
|
$3.975
|
0.13%
|
$0.005
|
32,996
|
|
|
|
WTI
|
$68.04
|
$68.26
|
-0.32%
|
-$0.22
|
63,489
|
|
|
|
Brent
|
$71.86
|
$72.00
|
-0.19%
|
-$0.14
|
9,209
|
|
|
|
ULSD
|
$2.243
|
$2.254
|
-0.51%
|
-$0.011
|
2,950
|
|
|
|
RBOB
|
$2.181
|
$2.191
|
-0.45%
|
-$0.010
|
1,939
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.85
|
$3.93
|
-2.04%
|
-$0.08
|
May-25
|
|
|
|
3:2:1 Crack
|
$23.94
|
$24.31
|
-1.50%
|
-$0.37
|
May-25
|
|
|
|
PJM West Spark
|
$46.17
|
$50.01
|
-7.67%
|
-$3.83
|
Apr-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
03/14/25
|
592
|
0
|
-37
|
03/15/24
|
|
|
|
Canada
|
03/14/25
|
199
|
-35
|
-8
|
03/15/24
|
|
|
|
International
|
Feb
|
905
|
0
|
-53
|
Feb
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 3/4/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
97,186
|
96,197
|
93,852
|
2,345
|
|
|
|
PJM West Off Peak
|
87,041
|
86,234
|
85,882
|
352
|
|
|
|
Natural Gas Henry Hub
|
341,807
|
330,340
|
328,761
|
1,579
|
|
|
|
WTI – Light Sweet Crude Futures
|
302,255
|
251,777
|
232,423
|
19,354
|
|
|
|
Brent Crude Last Day
|
154,608
|
149,920
|
148,170
|
1,750
|
|
|
|
NYM Ethanol
|
36,020
|
35,025
|
35,617
|
-592
|
|
|
|
Mt Belvieu LDH Propane Swap
|
167,465
|
166,854
|
167,102
|
-248
|
|
|
|
RBOB
|
420,594
|
400,852
|
399,526
|
1,326
|
|
|
|
HSC Basis
|
987,978
|
966,036
|
978,755
|
-12,719
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/20/20
|
|
|
|
|
|
3/14/25
|
3/7/25
|
Net Change
|
% Change
|
3/15/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
295
|
307
|
-12
|
-3.91%
|
406
|
-27.34%
|
347
|
-14.94%
|
|
|
|
Midwest
|
366
|
370
|
-4
|
-1.08%
|
551
|
-33.58%
|
445
|
-17.83%
|
|
|
|
Mountain
|
165
|
165
|
0
|
0.00%
|
166
|
-0.60%
|
108
|
52.50%
|
|
|
|
Pacific
|
193
|
196
|
-3
|
-1.53%
|
216
|
-10.65%
|
166
|
15.99%
|
|
|
|
South
|
688
|
660
|
28
|
4.24%
|
993
|
-30.72%
|
808
|
-14.81%
|
|
|
|
Salt
|
181
|
161
|
20
|
12.42%
|
300
|
-39.67%
|
238
|
-24.01%
|
|
|
|
Non_Salt
|
508
|
499
|
9
|
1.80%
|
694
|
-26.80%
|
570
|
-10.81%
|
|
|
|
Total
|
1,707
|
1,698
|
9
|
0.53%
|
2,332
|
-26.80%
|
1,874
|
-8.93%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/20/25
|
3/19/25
|
% Change
|
Change
|
2/20/25
|
% Change
|
3/20/24
|
% Change
|
|
|
|
PJM West On Peak
|
Apr-25
|
$54.70
|
$58.51
|
-6.52%
|
-$3.81
|
$54.44
|
0.48%
|
$45.87
|
19.25%
|
|
|
|
ERCOT North On Peak
|
Apr-25
|
$43.67
|
$45.67
|
-4.36%
|
-$1.99
|
$41.65
|
4.87%
|
$35.66
|
22.48%
|
|
|
|
CAISO SP 15 On Peak
|
Apr-25
|
$6.54
|
$8.79
|
-25.61%
|
-$2.25
|
$6.43
|
1.73%
|
$23.93
|
-72.66%
|
|
|
|
MISO Indiana On Peak
|
Apr-25
|
$48.31
|
$52.11
|
-7.28%
|
-$3.80
|
$52.09
|
-7.26%
|
$46.36
|
4.20%
|
|
|
|
NEISO Mass On Peak
|
Apr-25
|
$50.82
|
$54.38
|
-6.55%
|
-$3.56
|
$54.60
|
-6.93%
|
$48.58
|
4.60%
|
|
|
|
WECC Mid C On Peak
|
Apr-25
|
$40.55
|
$41.61
|
-2.56%
|
-$1.06
|
$48.22
|
-15.91%
|
$51.64
|
-21.48%
|
|
|
|
NYISO Zone G On Peak
|
Apr-25
|
$50.42
|
$53.64
|
-5.99%
|
-$3.22
|
$51.32
|
-1.75%
|
$44.03
|
14.52%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/20/25
|
3/19/25
|
% Change
|
Change
|
2/20/25
|
% Change
|
3/20/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Apr-25
|
$3.975
|
$4.247
|
-6.40%
|
-$0.27
|
$4.09
|
-2.72%
|
$3.01
|
31.88%
|
|
|
|
Houston Ship Channel
|
Apr-25
|
-$0.596
|
-$0.576
|
3.52%
|
-$0.02
|
-$0.69
|
-13.65%
|
-$0.31
|
94.14%
|
|
|
|
Chicago
|
Apr-25
|
-$0.516
|
-$0.498
|
-3.45%
|
-$0.02
|
-$0.19
|
167.24%
|
-$0.12
|
322.16%
|
|
|
|
Waha
|
Apr-25
|
-$4.234
|
-$4.015
|
-5.44%
|
-$0.22
|
-$3.08
|
37.26%
|
-$1.07
|
294.44%
|
|
|
|
Algonquin
|
Apr-25
|
-$0.266
|
-$0.307
|
13.42%
|
$0.04
|
$0.37
|
-170.91%
|
$0.54
|
-149.19%
|
|
|
|
Aeco
|
Apr-25
|
-$2.747
|
-$2.589
|
6.13%
|
-$0.16
|
-$2.80
|
-1.76%
|
-$0.77
|
254.65%
|
|
|
|
Socal
|
Apr-25
|
-$1.109
|
-$0.963
|
15.16%
|
-$0.15
|
-$0.66
|
68.24%
|
-$0.25
|
339.98%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/20/25
|
3/19/25
|
% Change
|
Change
|
2/20/25
|
% Change
|
3/20/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Apr-25
|
$0.843
|
$0.820
|
2.86%
|
$0.02
|
$0.85
|
-1.07%
|
$0.74
|
14.58%
|
|
|
|
Mt. Belvieu Propane non LST
|
Apr-25
|
$0.849
|
$0.825
|
2.99%
|
$0.02
|
$0.86
|
-0.92%
|
$0.73
|
16.30%
|
|
|
|
Mt. Belview Ethane
|
Apr-25
|
$0.293
|
$0.301
|
-2.87%
|
-$0.01
|
$0.28
|
6.38%
|
$0.23
|
27.10%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Apr-25
|
$1.470
|
$1.455
|
1.03%
|
$0.01
|
$1.54
|
-4.86%
|
$1.50
|
-2.24%
|
|
|
|
Mt. Belvieu Butane LST
|
Apr-25
|
$0.917
|
$0.905
|
1.34%
|
$0.01
|
$0.99
|
-7.02%
|
$0.86
|
6.53%
|
|
|
|
Far East Propane
|
Apr-25
|
$5.966
|
$5.850
|
1.98%
|
$0.12
|
$5.97
|
-0.07%
|
$5.58
|
6.92%
|
|
|
|
Saudi Propane
|
Apr-25
|
$6.056
|
$5.959
|
1.63%
|
$0.10
|
$6.00
|
0.86%
|
$5.30
|
14.33%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/20/25
|
3/19/25
|
% Change
|
Change
|
2/20/25
|
% Change
|
3/20/24
|
% Change
|
|
|
|
WTI
|
May-25
|
$68.07
|
$66.91
|
1.70%
|
$1.16
|
$72.29
|
-5.84%
|
$74.05
|
-8.08%
|
|
|
|
Brent
|
May-25
|
$72.00
|
$70.78
|
1.69%
|
$1.22
|
$76.05
|
-5.33%
|
$78.90
|
-8.75%
|
|
|
|
WCS
|
May-25
|
-$10.71
|
-$10.26
|
4.21%
|
-$0.45
|
-$13.25
|
-19.17%
|
-$13.14
|
-18.50%
|
|
|
|
LLS
|
May-25
|
$70.23
|
$69.04
|
1.69%
|
$1.19
|
$74.32
|
-5.50%
|
$75.70
|
-7.22%
|
|
|
|
Mars
|
May-25
|
$68.72
|
$67.73
|
1.44%
|
$0.99
|
$72.62
|
-5.36%
|
$73.15
|
-6.05%
|
|
|
|
Sour
|
May-25
|
$68.25
|
$67.16
|
1.59%
|
$1.09
|
$71.94
|
-5.13%
|
$73.79
|
-7.51%
|
|
|
|
ESPO
|
May-25
|
$70.00
|
$68.78
|
1.74%
|
$1.22
|
$74.05
|
-5.47%
|
$76.90
|
-8.97%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/20/25
|
3/19/25
|
% Change
|
Change
|
2/20/25
|
% Change
|
3/20/24
|
% Change
|
|
|
|
NY Heating Oil
|
Apr-25
|
$2.21
|
$2.23
|
-1.16%
|
-$0.03
|
$2.44
|
-9.55%
|
$2.52
|
-12.45%
|
|
|
|
NY Gasoline
|
Apr-25
|
$2.19
|
$2.17
|
1.06%
|
$0.02
|
$2.32
|
-5.56%
|
$2.35
|
-6.52%
|
|
|
|
GC Gasoline
|
Apr-25
|
$2.09
|
$2.07
|
1.11%
|
$0.02
|
$2.22
|
-5.81%
|
$2.24
|
-6.82%
|
|
|
|
GC Jet
|
Apr-25
|
$2.16
|
$2.07
|
4.35%
|
$0.09
|
$2.25
|
-4.01%
|
$2.40
|
-10.27%
|
|
|
|
Chicago Ethanol
|
Apr-25
|
$1.82
|
$1.80
|
0.55%
|
$0.01
|
$1.88
|
-3.46%
|
$1.51
|
20.12%
|
|
|
|
Rotterdam Gasoil
|
Apr-25
|
$650.00
|
$649.00
|
0.15%
|
$1.00
|
$707.74
|
-8.16%
|
$705.80
|
-7.91%
|
|
|
|
Singapore Jet Kero
|
Apr-25
|
$86.17
|
$84.05
|
2.52%
|
$2.12
|
$90.90
|
-5.21%
|
$98.17
|
-12.22%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/20/25
|
3/19/25
|
% Change
|
Change
|
2/20/25
|
% Change
|
3/20/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
May-25
|
64.31%
|
54.56%
|
17.87%
|
9.75%
|
53.27%
|
20.72%
|
40.34%
|
59.42%
|
|
|
|
Algonquin Straddle
|
May-25
|
71.59%
|
59.39%
|
20.54%
|
12.20%
|
54.25%
|
31.96%
|
43.28%
|
65.41%
|
|
|
|
Waha Straddle
|
May-25
|
344.86%
|
271.31%
|
27.11%
|
73.55%
|
129.02%
|
167.29%
|
50.63%
|
581.14%
|
|
|
|
Chicago Straddle
|
May-25
|
71.72%
|
58.16%
|
23.31%
|
13.56%
|
58.13%
|
23.38%
|
41.85%
|
71.37%
|
|
|
|
PJM West Straddle
|
May-25
|
42.45%
|
42.40%
|
0.12%
|
0.05%
|
37.37%
|
13.59%
|
36.36%
|
16.75%
|
|
|
|
SP – 15 Straddle
|
May-25
|
287.98%
|
284.70%
|
1.15%
|
3.28%
|
493.69%
|
-41.67%
|
83.16%
|
246.30%
|
|
|
|
Mid. C Straddle
|
May-25
|
35.04%
|
34.52%
|
1.51%
|
0.52%
|
31.67%
|
10.64%
|
106.71%
|
-67.16%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/20/25
|
3/19/25
|
% Change
|
Change
|
2/20/25
|
% Change
|
3/20/24
|
% Change
|
|
|
|
Dutch TTF
|
May-25
|
EUR 42.89
|
EUR 43.96
|
-2.44%
|
-EUR 1.07
|
EUR 47.73
|
-10.14%
|
EUR 29.54
|
45.19%
|
|
|
|
NBP
|
May-25
|
GBP 103.34
|
GBP 106.25
|
-2.73%
|
-GBP 2.90
|
GBP 113.40
|
-8.87%
|
GBP 74.15
|
39.37%
|
|
|
|
German Base
|
May-25
|
EUR 72.28
|
EUR 74.78
|
-3.34%
|
-EUR 2.49
|
EUR 76.52
|
-5.54%
|
EUR 67.63
|
6.88%
|
|
|
|
UK Base
|
May-25
|
GBP 84.02
|
GBP 80.92
|
3.83%
|
GBP 3.10
|
GBP 85.72
|
-1.98%
|
GBP 66.32
|
26.70%
|
|
|
|
French Base
|
May-25
|
EUR 39.60
|
EUR 43.62
|
-9.22%
|
-EUR 4.02
|
EUR 44.35
|
-10.72%
|
EUR 60.96
|
-35.04%
|
|
|
|
Italian Base
|
May-25
|
EUR 109.43
|
EUR 110.92
|
-1.34%
|
-EUR 1.49
|
EUR 116.70
|
-6.23%
|
EUR 83.18
|
31.55%
|
|
|
|
JKM LNG
|
May-25
|
$13.39
|
$14.01
|
-4.45%
|
-$0.62
|
$14.38
|
-6.89%
|
$10.55
|
26.88%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/20/25
|
3/19/25
|
% Change
|
Change
|
2/20/25
|
% Change
|
3/20/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
May-25
|
$42.89
|
$43.96
|
-2.44%
|
-$1.07
|
$47.73
|
-10.14%
|
$29.54
|
45.19%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
May-25
|
$103.34
|
$106.25
|
-2.73%
|
-$2.90
|
$113.40
|
-8.87%
|
$74.15
|
39.37%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
May-25
|
$72.28
|
$74.78
|
-3.34%
|
-$2.49
|
$76.52
|
-5.54%
|
$67.63
|
6.88%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
May-25
|
$84.02
|
$80.92
|
3.83%
|
$3.10
|
$85.72
|
-1.98%
|
$66.32
|
26.70%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
May-25
|
$39.60
|
$43.62
|
-9.22%
|
-$4.02
|
$44.35
|
-10.72%
|
$60.96
|
-35.04%
|
|
|
|
Supramax Timecharter (DRY)
|
May-25
|
$109.43
|
$110.92
|
-1.34%
|
-$1.49
|
$116.70
|
-6.23%
|
$83.18
|
31.55%
|
|
|
|
Capesize Timecharter (DRY)
|
May-25
|
$13.39
|
$14.01
|
-4.45%
|
-$0.62
|
$14.38
|
-6.89%
|
$10.55
|
26.88%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/15/2025
|
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
|
-1
|
0
|
NA
|
NA
|
|
|
|
W N Central
|
0
|
-1
|
0
|
0
|
-1
|
0
|
NA
|
NA
|
|
|
|
South Atlantic
|
10
|
0
|
-4
|
66
|
-19
|
0
|
NA
|
NA
|
|
|
|
E S Central
|
3
|
-1
|
3
|
5
|
-14
|
3
|
NA
|
NA
|
|
|
|
W S Central
|
16
|
6
|
2
|
56
|
6
|
-1
|
NA
|
NA
|
|
|
|
Mountain
|
0
|
-1
|
0
|
3
|
-4
|
3
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
-1
|
0
|
0
|
-5
|
0
|
NA
|
NA
|
|
|
|
United States
|
4
|
0
|
0
|
19
|
-5
|
0
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/15/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
171
|
-45
|
7
|
5,004
|
-245
|
500
|
-5.00%
|
11.00%
|
|
|
|
Middle Atlantic
|
140
|
-56
|
15
|
4,424
|
-348
|
426
|
-7.00%
|
11.00%
|
|
|
|
E N Central
|
117
|
-89
|
-13
|
4,855
|
-442
|
501
|
-8.00%
|
12.00%
|
|
|
|
W N Central
|
117
|
-88
|
-17
|
5,141
|
-483
|
505
|
-9.00%
|
11.00%
|
|
|
|
South Atlantic
|
64
|
-27
|
6
|
2,300
|
-140
|
176
|
-6.00%
|
8.00%
|
|
|
|
E S Central
|
53
|
-57
|
-25
|
2,807
|
-297
|
115
|
-10.00%
|
4.00%
|
|
|
|
W S Central
|
35
|
-30
|
-10
|
1,785
|
-279
|
-65
|
-14.00%
|
-4.00%
|
|
|
|
Mountain
|
152
|
3
|
-8
|
3,838
|
-327
|
-13
|
-8.00%
|
0.00%
|
|
|
|
Pacific
|
128
|
31
|
19
|
2,372
|
-96
|
53
|
-4.00%
|
2.00%
|
|
|
|
United States
|
104
|
-38
|
0
|
3,428
|
-279
|
241
|
-8.00%
|
8.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
