|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:44 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.993
|
$3.951
|
1.06%
|
$0.042
|
16,910
|
|
|
|
WTI
|
$70.79
|
$71.20
|
-0.58%
|
-$0.41
|
55,821
|
|
|
|
Brent
|
$74.03
|
$74.76
|
-0.98%
|
-$0.73
|
14,694
|
|
|
|
ULSD
|
$2.287
|
$2.289
|
-0.09%
|
-$0.002
|
5,940
|
|
|
|
RBOB
|
$2.298
|
$2.303
|
-0.19%
|
-$0.004
|
7,431
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.72
|
$3.75
|
-0.80%
|
-$0.03
|
Jun-25
|
|
|
|
3:2:1 Crack
|
$25.29
|
$25.07
|
0.88%
|
$0.22
|
May-25
|
|
|
|
PJM West Spark
|
$44.19
|
$47.20
|
-6.38%
|
-$3.01
|
May-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
|
4/1/25
|
3/31/25
|
% Change
|
Change
|
3/4/25
|
% Change
|
4/2/24
|
% Change
|
|
|
|
PJM West On Peak
|
May-25
|
$52.76
|
$55.65
|
-5.20%
|
-$2.89
|
$59.58
|
-11.45%
|
$50.54
|
4.40%
|
|
|
|
ERCOT North On Peak
|
May-25
|
$49.62
|
$49.92
|
-0.60%
|
-$0.30
|
$52.51
|
-5.51%
|
$43.04
|
15.30%
|
|
|
|
CAISO SP 15 On Peak
|
May-25
|
$5.00
|
$5.50
|
-9.09%
|
-$0.50
|
$7.53
|
-33.58%
|
$20.40
|
-75.49%
|
|
|
|
MISO Indiana On Peak
|
May-25
|
$44.95
|
$47.89
|
-6.14%
|
-$2.94
|
$56.25
|
-20.09%
|
$50.44
|
-10.88%
|
|
|
|
NEISO Mass On Peak
|
May-25
|
$46.56
|
$47.01
|
-0.96%
|
-$0.45
|
$52.42
|
-11.17%
|
$42.39
|
9.83%
|
|
|
|
WECC Mid C On Peak
|
May-25
|
$24.00
|
$21.73
|
10.47%
|
$2.27
|
$30.23
|
-20.60%
|
$42.53
|
-43.57%
|
|
|
|
NYISO Zone G On Peak
|
May-25
|
$45.63
|
$48.79
|
-6.47%
|
-$3.16
|
$52.93
|
-13.80%
|
$45.73
|
-0.22%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/25
|
3/31/25
|
% Change
|
Change
|
3/4/25
|
% Change
|
4/2/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
May-25
|
$3.951
|
$4.119
|
-4.08%
|
-$0.17
|
$4.41
|
-10.37%
|
$3.10
|
27.37%
|
|
|
|
Houston Ship Channel
|
May-25
|
-$0.557
|
-$0.595
|
-6.47%
|
$0.04
|
-$0.71
|
-21.29%
|
-$0.29
|
88.78%
|
|
|
|
Chicago
|
May-25
|
-$0.494
|
-$0.592
|
19.68%
|
$0.10
|
-$0.44
|
12.80%
|
-$0.18
|
168.79%
|
|
|
|
Waha
|
May-25
|
-$4.228
|
-$4.157
|
-1.71%
|
-$0.07
|
-$3.59
|
17.77%
|
-$1.06
|
298.92%
|
|
|
|
Algonquin
|
May-25
|
-$0.589
|
-$0.648
|
9.19%
|
$0.06
|
-$0.29
|
103.95%
|
-$0.16
|
269.62%
|
|
|
|
Aeco
|
May-25
|
-$2.278
|
-$2.311
|
-1.44%
|
$0.03
|
-$3.01
|
-24.35%
|
-$0.92
|
148.92%
|
|
|
|
Socal
|
May-25
|
-$1.777
|
-$1.762
|
0.86%
|
-$0.02
|
-$1.06
|
68.09%
|
-$0.34
|
420.99%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/25
|
3/31/25
|
% Change
|
Change
|
3/4/25
|
% Change
|
4/2/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
May-25
|
$0.856
|
$0.855
|
0.14%
|
$0.00
|
$0.80
|
6.87%
|
$0.73
|
16.60%
|
|
|
|
Mt. Belvieu Propane non LST
|
May-25
|
$0.860
|
$0.859
|
0.14%
|
$0.00
|
$0.80
|
6.84%
|
$0.74
|
16.06%
|
|
|
|
Mt. Belview Ethane
|
May-25
|
$0.290
|
$0.294
|
-1.30%
|
$0.00
|
$0.29
|
-1.60%
|
$0.24
|
20.79%
|
|
|
|
Mt. Belview Nat. Gasoline
|
May-25
|
$1.509
|
$1.514
|
-0.35%
|
-$0.01
|
$1.40
|
7.73%
|
$1.51
|
-0.03%
|
|
|
|
Mt. Belvieu Butane LST
|
May-25
|
$0.937
|
$0.937
|
0.02%
|
$0.00
|
$0.89
|
5.01%
|
$0.86
|
9.22%
|
|
|
|
Far East Propane
|
May-25
|
$5.958
|
$6.040
|
-1.36%
|
-$0.08
|
$5.70
|
4.53%
|
$5.59
|
6.66%
|
|
|
|
Saudi Propane
|
May-25
|
$6.050
|
$6.070
|
-0.32%
|
-$0.02
|
$5.65
|
7.09%
|
$5.23
|
15.78%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/25
|
3/31/25
|
% Change
|
Change
|
3/4/25
|
% Change
|
4/2/24
|
% Change
|
|
|
|
WTI
|
May-25
|
$71.20
|
$71.48
|
-0.39%
|
-$0.28
|
$67.70
|
5.17%
|
$75.62
|
-5.85%
|
|
|
|
Brent
|
May-25
|
$74.87
|
$75.18
|
-0.42%
|
-$0.31
|
$71.04
|
5.39%
|
$80.53
|
-7.03%
|
|
|
|
WCS
|
May-25
|
-$10.06
|
-$10.45
|
-3.86%
|
$0.39
|
-$12.43
|
-19.03%
|
-$13.10
|
-23.21%
|
|
|
|
LLS
|
May-25
|
$74.00
|
$72.94
|
1.44%
|
$1.07
|
$69.75
|
6.09%
|
$77.36
|
-4.34%
|
|
|
|
Mars
|
May-25
|
$71.17
|
$70.76
|
0.59%
|
$0.42
|
$68.22
|
4.33%
|
$73.50
|
-3.17%
|
|
|
|
Sour
|
May-25
|
$71.02
|
$71.53
|
-0.71%
|
-$0.51
|
$67.91
|
4.58%
|
$75.19
|
-5.55%
|
|
|
|
ESPO
|
May-25
|
$72.87
|
$73.18
|
-0.43%
|
-$0.31
|
$69.04
|
5.55%
|
$78.53
|
-7.21%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/25
|
3/31/25
|
% Change
|
Change
|
3/4/25
|
% Change
|
4/2/24
|
% Change
|
|
|
|
NY Heating Oil
|
May-25
|
$2.29
|
$2.28
|
0.57%
|
$0.01
|
$2.23
|
2.83%
|
$2.54
|
-9.83%
|
|
|
|
NY Gasoline
|
May-25
|
$2.30
|
$2.23
|
2.91%
|
$0.06
|
$2.19
|
4.89%
|
$2.40
|
-4.41%
|
|
|
|
GC Gasoline
|
May-25
|
$2.20
|
$2.13
|
3.05%
|
$0.07
|
$2.09
|
5.12%
|
$2.30
|
-4.60%
|
|
|
|
GC Jet
|
May-25
|
$2.18
|
$2.18
|
0.23%
|
$0.01
|
$2.06
|
5.97%
|
$2.44
|
-10.57%
|
|
|
|
Chicago Ethanol
|
May-25
|
$1.80
|
$1.77
|
1.98%
|
$0.03
|
$1.69
|
6.87%
|
$1.62
|
11.76%
|
|
|
|
Rotterdam Gasoil
|
May-25
|
$688.75
|
$688.71
|
0.01%
|
$0.04
|
$653.94
|
5.32%
|
$725.81
|
-5.11%
|
|
|
|
Singapore Jet Kero
|
May-25
|
$87.90
|
$89.12
|
-1.37%
|
-$1.22
|
$84.28
|
4.29%
|
$99.42
|
-11.58%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/25
|
3/31/25
|
% Change
|
Change
|
3/4/25
|
% Change
|
4/2/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
May-25
|
54.36%
|
53.41%
|
1.78%
|
0.95%
|
48.77%
|
11.46%
|
35.86%
|
51.59%
|
|
|
|
Algonquin Straddle
|
May-25
|
60.32%
|
58.84%
|
2.52%
|
1.48%
|
51.52%
|
17.08%
|
37.88%
|
59.24%
|
|
|
|
Waha Straddle
|
May-25
|
1520.24%
|
1354.86%
|
12.21%
|
165.38%
|
186.92%
|
713.31%
|
46.52%
|
3167.93%
|
|
|
|
Chicago Straddle
|
May-25
|
58.53%
|
59.83%
|
-2.17%
|
-1.30%
|
53.34%
|
9.73%
|
37.73%
|
55.13%
|
|
|
|
PJM West Straddle
|
May-25
|
42.87%
|
47.40%
|
-9.56%
|
-4.53%
|
38.37%
|
11.73%
|
36.19%
|
18.46%
|
|
|
|
SP – 15 Straddle
|
May-25
|
219.63%
|
7.93%
|
2669.61%
|
211.70%
|
504.38%
|
-56.46%
|
95.57%
|
129.81%
|
|
|
|
Mid. C Straddle
|
May-25
|
26.33%
|
31.78%
|
-17.15%
|
-5.45%
|
25.68%
|
2.53%
|
93.42%
|
-71.82%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/25
|
3/31/25
|
% Change
|
Change
|
3/4/25
|
% Change
|
4/2/24
|
% Change
|
|
|
|
Dutch TTF
|
May-25
|
EUR 42.66
|
EUR 40.47
|
5.42%
|
EUR 2.19
|
EUR 42.80
|
-0.34%
|
EUR 29.61
|
44.06%
|
|
|
|
NBP
|
May-25
|
GBP 102.97
|
GBP 97.43
|
5.69%
|
GBP 5.54
|
GBP 101.79
|
1.16%
|
GBP 74.43
|
38.34%
|
|
|
|
German Base
|
May-25
|
EUR 70.86
|
EUR 68.64
|
3.24%
|
EUR 2.22
|
EUR 67.78
|
4.54%
|
EUR 65.21
|
8.66%
|
|
|
|
UK Base
|
May-25
|
GBP 80.96
|
GBP 78.75
|
2.81%
|
GBP 2.21
|
GBP 77.11
|
4.99%
|
GBP 65.38
|
23.84%
|
|
|
|
French Base
|
May-25
|
EUR 40.36
|
EUR 37.37
|
8.02%
|
EUR 3.00
|
EUR 42.51
|
-5.05%
|
EUR 55.18
|
-26.85%
|
|
|
|
Italian Base
|
May-25
|
EUR 111.15
|
EUR 105.95
|
4.91%
|
EUR 5.21
|
EUR 108.89
|
2.08%
|
EUR 82.49
|
34.74%
|
|
|
|
JKM LNG
|
May-25
|
$13.37
|
$12.78
|
4.59%
|
$0.59
|
$13.35
|
0.18%
|
$10.30
|
29.87%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/25
|
3/31/25
|
% Change
|
Change
|
3/4/25
|
% Change
|
4/2/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
May-25
|
$42.66
|
$40.47
|
5.42%
|
$2.19
|
$42.80
|
-0.34%
|
$29.61
|
44.06%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
May-25
|
$102.97
|
$97.43
|
5.69%
|
$5.54
|
$101.79
|
1.16%
|
$74.43
|
38.34%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
May-25
|
$70.86
|
$68.64
|
3.24%
|
$2.22
|
$67.78
|
4.54%
|
$65.21
|
8.66%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
May-25
|
$80.96
|
$78.75
|
2.81%
|
$2.21
|
$77.11
|
4.99%
|
$65.38
|
23.84%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
May-25
|
$40.36
|
$37.37
|
8.02%
|
$3.00
|
$42.51
|
-5.05%
|
$55.18
|
-26.85%
|
|
|
|
Supramax Timecharter (DRY)
|
May-25
|
$111.15
|
$105.95
|
4.91%
|
$5.21
|
$108.89
|
2.08%
|
$82.49
|
34.74%
|
|
|
|
Capesize Timecharter (DRY)
|
May-25
|
$13.37
|
$12.78
|
4.59%
|
$0.59
|
$13.35
|
0.18%
|
$10.30
|
29.87%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
