|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:35 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$4.083
|
$4.119
|
-0.87%
|
-$0.036
|
19,772
|
|
|
|
WTI
|
$71.34
|
$71.48
|
-0.20%
|
-$0.14
|
64,536
|
|
|
|
Brent
|
$74.63
|
$74.74
|
-0.15%
|
-$0.11
|
16,525
|
|
|
|
ULSD
|
$2.277
|
$2.314
|
-1.62%
|
-$0.037
|
5,976
|
|
|
|
RBOB
|
$2.288
|
$2.283
|
0.20%
|
$0.005
|
5,759
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.81
|
$3.82
|
-0.26%
|
-$0.01
|
Jun-25
|
|
|
|
3:2:1 Crack
|
$24.48
|
$24.53
|
-0.20%
|
-$0.05
|
May-25
|
|
|
|
PJM West Spark
|
NA
|
NA
|
NA
|
NA
|
Apr-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
03/28/25
|
592
|
-1
|
-29
|
03/28/24
|
|
|
|
Canada
|
03/28/25
|
163
|
-17
|
12
|
03/28/24
|
|
|
|
International
|
Feb
|
905
|
0
|
-53
|
Feb
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 3/25/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
95,388
|
94,629
|
94,901
|
-272
|
|
|
|
PJM West Off Peak
|
86,170
|
85,986
|
85,461
|
525
|
|
|
|
Natural Gas Henry Hub
|
366,294
|
350,659
|
353,995
|
-3,336
|
|
|
|
WTI – Light Sweet Crude Futures
|
313,965
|
262,159
|
249,372
|
12,787
|
|
|
|
Brent Crude Last Day
|
187,058
|
181,281
|
178,240
|
3,041
|
|
|
|
NYM Ethanol
|
36,433
|
35,291
|
35,905
|
-614
|
|
|
|
Mt Belvieu LDH Propane Swap
|
162,490
|
161,859
|
162,172
|
-313
|
|
|
|
RBOB
|
446,753
|
426,896
|
427,227
|
-331
|
|
|
|
HSC Basis
|
942,749
|
935,122
|
933,801
|
1,321
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/27/20
|
|
|
|
|
|
3/21/25
|
3/14/25
|
Net Change
|
% Change
|
3/22/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
298
|
295
|
3
|
1.02%
|
387
|
-23.00%
|
337
|
-11.68%
|
|
|
|
Midwest
|
367
|
366
|
1
|
0.27%
|
528
|
-30.49%
|
432
|
-15.01%
|
|
|
|
Mountain
|
163
|
165
|
-2
|
-1.21%
|
166
|
-1.81%
|
108
|
50.65%
|
|
|
|
Pacific
|
192
|
193
|
-1
|
-0.52%
|
223
|
-13.90%
|
170
|
13.21%
|
|
|
|
South
|
725
|
688
|
37
|
5.38%
|
991
|
-26.84%
|
816
|
-11.11%
|
|
|
|
Salt
|
202
|
181
|
21
|
11.60%
|
294
|
-31.29%
|
241
|
-16.32%
|
|
|
|
Non_Salt
|
523
|
508
|
15
|
2.95%
|
698
|
-25.07%
|
575
|
-8.98%
|
|
|
|
Total
|
1,744
|
1,707
|
37
|
2.17%
|
2,296
|
-24.04%
|
1,863
|
-6.38%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/31/25
|
3/28/25
|
% Change
|
Change
|
3/3/25
|
% Change
|
4/1/24
|
% Change
|
|
|
|
PJM West On Peak
|
Apr-25
|
$51.99
|
$48.43
|
7.34%
|
$3.55
|
$54.84
|
-5.20%
|
$47.80
|
8.77%
|
|
|
|
ERCOT North On Peak
|
Apr-25
|
$40.17
|
$37.58
|
6.88%
|
$2.59
|
$39.89
|
0.69%
|
$36.16
|
11.09%
|
|
|
|
CAISO SP 15 On Peak
|
Apr-25
|
$5.85
|
$5.56
|
5.29%
|
$0.29
|
$5.12
|
14.31%
|
$22.91
|
-74.46%
|
|
|
|
MISO Indiana On Peak
|
Apr-25
|
$44.86
|
$41.43
|
8.29%
|
$3.43
|
$52.82
|
-15.07%
|
$46.88
|
-4.30%
|
|
|
|
NEISO Mass On Peak
|
Apr-25
|
$48.94
|
$47.82
|
2.34%
|
$1.12
|
$51.65
|
-5.25%
|
$51.46
|
-4.90%
|
|
|
|
WECC Mid C On Peak
|
Apr-25
|
$20.56
|
$17.28
|
18.96%
|
$3.28
|
$43.42
|
-52.65%
|
$50.21
|
-59.05%
|
|
|
|
NYISO Zone G On Peak
|
Apr-25
|
$49.10
|
$47.68
|
2.99%
|
$1.42
|
$49.07
|
0.07%
|
$45.35
|
8.26%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/31/25
|
3/28/25
|
% Change
|
Change
|
3/3/25
|
% Change
|
4/1/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
May-25
|
$4.119
|
$4.065
|
1.33%
|
$0.05
|
$4.18
|
-1.36%
|
$3.11
|
32.32%
|
|
|
|
Houston Ship Channel
|
May-25
|
-$0.595
|
-$0.525
|
13.48%
|
-$0.07
|
-$0.66
|
-9.54%
|
-$0.29
|
108.62%
|
|
|
|
Chicago
|
May-25
|
-$0.592
|
-$0.511
|
-13.61%
|
-$0.08
|
-$0.42
|
41.03%
|
-$0.18
|
233.11%
|
|
|
|
Waha
|
May-25
|
-$4.157
|
-$4.048
|
-2.71%
|
-$0.11
|
-$3.46
|
20.16%
|
-$1.05
|
296.10%
|
|
|
|
Algonquin
|
May-25
|
-$0.648
|
-$0.566
|
-14.56%
|
-$0.08
|
-$0.29
|
127.03%
|
-$0.16
|
313.26%
|
|
|
|
Aeco
|
May-25
|
-$2.311
|
-$2.426
|
-4.74%
|
$0.11
|
-$2.78
|
-16.98%
|
-$0.92
|
151.23%
|
|
|
|
Socal
|
May-25
|
-$1.762
|
-$1.671
|
5.45%
|
-$0.09
|
-$0.98
|
79.67%
|
-$0.36
|
390.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/31/25
|
3/28/25
|
% Change
|
Change
|
3/3/25
|
% Change
|
4/1/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Apr-25
|
$0.897
|
$0.892
|
0.54%
|
$0.00
|
$0.84
|
6.48%
|
$0.74
|
21.81%
|
|
|
|
Mt. Belvieu Propane non LST
|
Apr-25
|
$0.902
|
$0.891
|
1.23%
|
$0.01
|
$0.85
|
6.47%
|
$0.74
|
22.35%
|
|
|
|
Mt. Belview Ethane
|
Apr-25
|
$0.300
|
$0.290
|
3.39%
|
$0.01
|
$0.28
|
6.15%
|
$0.23
|
28.97%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Apr-25
|
$1.538
|
$1.471
|
4.59%
|
$0.07
|
$1.44
|
6.95%
|
$1.52
|
1.50%
|
|
|
|
Mt. Belvieu Butane LST
|
Apr-25
|
$0.937
|
$0.924
|
1.43%
|
$0.01
|
$0.92
|
1.52%
|
$0.87
|
7.27%
|
|
|
|
Far East Propane
|
Apr-25
|
$6.248
|
$6.155
|
1.51%
|
$0.09
|
$5.83
|
7.16%
|
$5.61
|
11.28%
|
|
|
|
Saudi Propane
|
Apr-25
|
$6.188
|
$6.140
|
0.77%
|
$0.05
|
$5.94
|
4.19%
|
$5.20
|
18.95%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/31/25
|
3/28/25
|
% Change
|
Change
|
3/3/25
|
% Change
|
4/1/24
|
% Change
|
|
|
|
WTI
|
May-25
|
$71.48
|
$69.36
|
2.97%
|
$2.12
|
$68.06
|
5.02%
|
$75.02
|
-4.72%
|
|
|
|
Brent
|
May-25
|
$75.18
|
$73.63
|
2.06%
|
$1.55
|
$71.62
|
4.97%
|
$79.85
|
-5.85%
|
|
|
|
WCS
|
May-25
|
-$10.45
|
-$10.50
|
-0.50%
|
$0.05
|
-$12.42
|
-15.87%
|
-$12.97
|
-19.43%
|
|
|
|
LLS
|
May-25
|
$72.94
|
$72.15
|
1.08%
|
$0.79
|
$71.36
|
2.21%
|
$77.49
|
-5.87%
|
|
|
|
Mars
|
May-25
|
$70.76
|
$69.91
|
1.19%
|
$0.84
|
$68.43
|
3.40%
|
$74.48
|
-5.00%
|
|
|
|
Sour
|
May-25
|
$71.53
|
$69.31
|
3.09%
|
$2.21
|
$67.86
|
5.39%
|
$75.38
|
-5.12%
|
|
|
|
ESPO
|
May-25
|
$73.18
|
$71.63
|
2.12%
|
$1.55
|
$69.62
|
5.11%
|
$77.85
|
-6.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/31/25
|
3/28/25
|
% Change
|
Change
|
3/3/25
|
% Change
|
4/1/24
|
% Change
|
|
|
|
NY Heating Oil
|
Apr-25
|
$2.31
|
$2.26
|
2.12%
|
$0.05
|
$2.27
|
1.72%
|
$2.53
|
-8.76%
|
|
|
|
NY Gasoline
|
Apr-25
|
$2.27
|
$2.23
|
1.79%
|
$0.04
|
$2.19
|
3.56%
|
$2.38
|
-4.70%
|
|
|
|
GC Gasoline
|
Apr-25
|
$2.17
|
$2.13
|
1.88%
|
$0.04
|
$2.09
|
3.73%
|
$2.28
|
-4.91%
|
|
|
|
GC Jet
|
Apr-25
|
$2.20
|
$2.15
|
2.42%
|
$0.05
|
$2.10
|
4.56%
|
$2.43
|
-9.39%
|
|
|
|
Chicago Ethanol
|
Apr-25
|
$1.75
|
$1.73
|
1.16%
|
$0.02
|
$1.68
|
3.68%
|
$1.58
|
10.44%
|
|
|
|
Rotterdam Gasoil
|
Apr-25
|
$682.33
|
$676.75
|
0.83%
|
$5.59
|
$659.55
|
3.45%
|
$718.14
|
-4.99%
|
|
|
|
Singapore Jet Kero
|
Apr-25
|
$89.39
|
$87.26
|
2.44%
|
$2.13
|
$86.18
|
3.72%
|
$99.08
|
-9.79%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/31/25
|
3/28/25
|
% Change
|
Change
|
3/3/25
|
% Change
|
4/1/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
May-25
|
53.41%
|
53.75%
|
-0.63%
|
-0.34%
|
44.15%
|
20.97%
|
34.85%
|
53.26%
|
|
|
|
Algonquin Straddle
|
May-25
|
58.84%
|
57.75%
|
1.89%
|
1.09%
|
50.88%
|
15.64%
|
36.89%
|
59.50%
|
|
|
|
Waha Straddle
|
May-25
|
1354.86%
|
1360.34%
|
-0.40%
|
-5.48%
|
167.24%
|
710.13%
|
45.00%
|
2910.80%
|
|
|
|
Chicago Straddle
|
May-25
|
59.83%
|
59.11%
|
1.22%
|
0.72%
|
44.47%
|
34.54%
|
36.40%
|
64.37%
|
|
|
|
PJM West Straddle
|
May-25
|
47.40%
|
46.90%
|
1.07%
|
0.50%
|
39.28%
|
20.67%
|
36.58%
|
29.58%
|
|
|
|
SP – 15 Straddle
|
May-25
|
7.93%
|
359.84%
|
-97.80%
|
-351.91%
|
22.09%
|
-64.10%
|
100.38%
|
-92.10%
|
|
|
|
Mid. C Straddle
|
May-25
|
31.78%
|
0.00%
|
#DIV/0!
|
31.78%
|
21.50%
|
47.81%
|
96.47%
|
-67.06%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/31/25
|
3/28/25
|
% Change
|
Change
|
3/3/25
|
% Change
|
4/1/24
|
% Change
|
|
|
|
Dutch TTF
|
May-25
|
EUR 40.47
|
EUR 40.67
|
-0.52%
|
-EUR 0.21
|
EUR 45.73
|
-11.51%
|
EUR 30.26
|
33.72%
|
|
|
|
NBP
|
May-25
|
GBP 97.43
|
GBP 98.09
|
-0.67%
|
-GBP 0.66
|
GBP 108.31
|
-10.04%
|
GBP 77.04
|
26.46%
|
|
|
|
German Base
|
May-25
|
EUR 68.64
|
EUR 68.35
|
0.42%
|
EUR 0.29
|
EUR 71.54
|
-4.06%
|
EUR 67.48
|
1.71%
|
|
|
|
UK Base
|
May-25
|
GBP 78.75
|
GBP 78.24
|
0.65%
|
GBP 0.51
|
GBP 83.32
|
-5.49%
|
GBP 67.60
|
16.49%
|
|
|
|
French Base
|
May-25
|
EUR 37.37
|
EUR 39.42
|
-5.22%
|
-EUR 2.06
|
EUR 42.85
|
-12.80%
|
EUR 57.03
|
-34.48%
|
|
|
|
Italian Base
|
May-25
|
EUR 105.95
|
EUR 106.85
|
-0.85%
|
-EUR 0.91
|
EUR 116.10
|
-8.75%
|
EUR 85.36
|
24.12%
|
|
|
|
JKM LNG
|
May-25
|
$13.21
|
$13.39
|
-1.31%
|
-$0.18
|
$14.31
|
-7.65%
|
$10.57
|
25.04%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/31/25
|
3/28/25
|
% Change
|
Change
|
3/3/25
|
% Change
|
4/1/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
May-25
|
$40.47
|
$40.67
|
-0.52%
|
-$0.21
|
$45.73
|
-11.51%
|
$30.26
|
33.72%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
May-25
|
$97.43
|
$98.09
|
-0.67%
|
-$0.66
|
$108.31
|
-10.04%
|
$77.04
|
26.46%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
May-25
|
$68.64
|
$68.35
|
0.42%
|
$0.29
|
$71.54
|
-4.06%
|
$67.48
|
1.71%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
May-25
|
$78.75
|
$78.24
|
0.65%
|
$0.51
|
$83.32
|
-5.49%
|
$67.60
|
16.49%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
May-25
|
$37.37
|
$39.42
|
-5.22%
|
-$2.06
|
$42.85
|
-12.80%
|
$57.03
|
-34.48%
|
|
|
|
Supramax Timecharter (DRY)
|
May-25
|
$105.95
|
$106.85
|
-0.85%
|
-$0.91
|
$116.10
|
-8.75%
|
$85.36
|
24.12%
|
|
|
|
Capesize Timecharter (DRY)
|
May-25
|
$13.21
|
$13.39
|
-1.31%
|
-$0.18
|
$14.31
|
-7.65%
|
$10.57
|
25.04%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/29/2025
|
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
|
-3
|
0
|
NA
|
NA
|
|
|
|
South Atlantic
|
12
|
0
|
-1
|
85
|
-24
|
-5
|
-22.00%
|
-6.00%
|
|
|
|
E S Central
|
2
|
-3
|
2
|
7
|
-22
|
5
|
NA
|
NA
|
|
|
|
W S Central
|
31
|
18
|
25
|
94
|
18
|
25
|
NA
|
NA
|
|
|
|
Mountain
|
8
|
4
|
8
|
11
|
-2
|
11
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
-1
|
0
|
0
|
-7
|
0
|
NA
|
NA
|
|
|
|
United States
|
6
|
1
|
3
|
28
|
-6
|
3
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/29/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
186
|
2
|
-3
|
5,328
|
-304
|
448
|
-5.00%
|
9.00%
|
|
|
|
Middle Atlantic
|
150
|
-14
|
-20
|
4,698
|
-417
|
352
|
-8.00%
|
8.00%
|
|
|
|
E N Central
|
151
|
-18
|
-22
|
5,161
|
-493
|
432
|
-9.00%
|
9.00%
|
|
|
|
W N Central
|
123
|
-44
|
-81
|
5,427
|
-550
|
390
|
-9.00%
|
8.00%
|
|
|
|
South Atlantic
|
55
|
-14
|
-20
|
2,416
|
-172
|
145
|
-7.00%
|
6.00%
|
|
|
|
E S Central
|
53
|
-31
|
-30
|
2,955
|
-328
|
78
|
-10.00%
|
3.00%
|
|
|
|
W S Central
|
15
|
-31
|
-41
|
1,849
|
-315
|
-112
|
-15.00%
|
-6.00%
|
|
|
|
Mountain
|
77
|
-53
|
-81
|
4,065
|
-368
|
-76
|
-8.00%
|
-2.00%
|
|
|
|
Pacific
|
63
|
-25
|
-52
|
2,546
|
-102
|
41
|
-4.00%
|
2.00%
|
|
|
|
United States
|
93
|
-22
|
-36
|
3,632
|
-318
|
189
|
-8.00%
|
6.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
