|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 8:09 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$2.845
|
$2.819
|
0.92%
|
$0.026
|
22,862
|
|
|
|
WTI
|
$111.53
|
$100.12
|
11.40%
|
$11.41
|
197,389
|
|
|
|
Brent
|
$109.01
|
$118.29
|
-7.85%
|
-$9.28
|
30,379
|
|
|
|
ULSD
|
$4.585
|
$4.057
|
13.03%
|
$0.529
|
12,049
|
|
|
|
RBOB
|
$3.286
|
$3.091
|
6.28%
|
$0.194
|
11,505
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$11.92
|
$10.28
|
15.95%
|
$1.64
|
Jun-26
|
|
|
|
3:2:1 Crack
|
$48.40
|
$43.92
|
10.20%
|
$4.48
|
May-26
|
|
|
|
PJM West Spark
|
$55.26
|
$58.22
|
-5.07%
|
-$2.95
|
May-26
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
03/27/26
|
543
|
-9
|
-49
|
03/28/25
|
|
|
|
Canada
|
03/27/26
|
153
|
-24
|
-10
|
03/28/25
|
|
|
|
International
|
Mar-2026
|
1058
|
-54
|
-37
|
Mar-2025
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 3/24/2026
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
123,560
|
123,007
|
122,961
|
46
|
|
|
|
PJM West Off Peak
|
118,377
|
117,923
|
117,694
|
229
|
|
|
|
Natural Gas Henry Hub
|
392,374
|
375,494
|
370,938
|
4,556
|
|
|
|
WTI – Light Sweet Crude Futures
|
225,742
|
192,548
|
191,944
|
604
|
|
|
|
Brent Crude Last Day
|
508,945
|
497,793
|
499,975
|
-2,182
|
|
|
|
NYM Ethanol
|
51,497
|
50,847
|
50,792
|
55
|
|
|
|
Mt Belvieu LDH Propane Swap
|
127,134
|
126,117
|
126,188
|
-71
|
|
|
|
RBOB
|
357,477
|
331,289
|
344,913
|
-13,624
|
|
|
|
HSC Basis
|
889,907
|
883,036
|
885,790
|
-2,754
|
|
|
|
|
|
|
|
|
|
|
|
|
EIA Short Term Energy Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
|
|
Brent
|
$82.00
|
$81.00
|
$66.00
|
$59.00
|
|
|
|
Gasoline
|
$3.50
|
$3.30
|
$3.10
|
$3.10
|
|
|
|
Crude Oil Production
|
$12.90
|
$13.20
|
$13.40
|
$13.50
|
|
|
|
Natural Gas Spot
|
$2.50
|
$2.20
|
$4.10
|
$4.80
|
|
|
|
LNG Exports
|
12.00
|
12.00
|
15.00
|
16.00
|
|
|
|
|
|
|
|
|
|
|
|
|
Electrical Generation %
|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
|
|
Natural gas
|
42.00%
|
42.00%
|
40.00%
|
40.00%
|
|
|
|
Coal
|
17.00%
|
16.00%
|
16.00%
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/26/21
|
|
|
|
|
|
3/20/26
|
3/13/26
|
Net Change
|
% Change
|
3/21/25
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
271
|
302
|
-31
|
-10.26%
|
298
|
-9.06%
|
321
|
-15.47%
|
|
|
|
Midwest
|
351
|
374
|
-23
|
-6.15%
|
367
|
-4.36%
|
410
|
-14.39%
|
|
|
|
Mountain
|
204
|
201
|
3
|
1.49%
|
163
|
25.15%
|
122
|
66.67%
|
|
|
|
Pacific
|
257
|
258
|
-1
|
-0.39%
|
192
|
33.85%
|
169
|
52.43%
|
|
|
|
South
|
745
|
747
|
-2
|
-0.27%
|
725
|
2.76%
|
793
|
-6.01%
|
|
|
|
Salt
|
197
|
192
|
5
|
2.60%
|
202
|
-2.48%
|
231
|
-14.57%
|
|
|
|
Non_Salt
|
549
|
555
|
-6
|
-1.08%
|
523
|
4.97%
|
562
|
-2.35%
|
|
|
|
Total
|
1,829
|
1,883
|
-54
|
-2.87%
|
1,744
|
4.87%
|
1,814
|
0.80%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/26
|
3/31/26
|
% Change
|
Change
|
3/4/26
|
% Change
|
4/1/25
|
% Change
|
|
|
|
PJM West On Peak
|
May-26
|
$61.35
|
$64.25
|
-4.50%
|
-$2.89
|
$55.94
|
9.67%
|
$56.04
|
9.48%
|
|
|
|
ERCOT North On Peak
|
May-26
|
$35.47
|
$34.86
|
1.74%
|
$0.61
|
$36.62
|
-3.16%
|
$47.59
|
-25.48%
|
|
|
|
CAISO SP 15 On Peak
|
May-26
|
$8.50
|
$8.72
|
-2.53%
|
-$0.22
|
$8.00
|
6.25%
|
$5.49
|
54.76%
|
|
|
|
MISO Indiana On Peak
|
May-26
|
$49.95
|
$52.48
|
-4.81%
|
-$2.52
|
$46.41
|
7.63%
|
$49.22
|
1.49%
|
|
|
|
NEISO Mass On Peak
|
May-26
|
$41.21
|
$43.29
|
-4.82%
|
-$2.09
|
$40.41
|
1.97%
|
$51.60
|
-20.15%
|
|
|
|
WECC Mid C On Peak
|
May-26
|
$17.00
|
$17.40
|
-2.29%
|
-$0.40
|
$21.09
|
-19.40%
|
$27.38
|
-37.91%
|
|
|
|
NYISO Zone G On Peak
|
May-26
|
$45.20
|
$46.71
|
-3.25%
|
-$1.52
|
$44.46
|
1.66%
|
$48.28
|
-6.39%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/26
|
3/31/26
|
% Change
|
Change
|
3/4/26
|
% Change
|
4/1/25
|
% Change
|
|
|
|
NYMEX Henry Hub
|
May-26
|
$2.819
|
$2.884
|
-2.25%
|
-$0.07
|
$2.94
|
-4.12%
|
$3.94
|
-28.43%
|
|
|
|
Houston Ship Channel
|
May-26
|
-$0.400
|
-$0.407
|
-1.84%
|
$0.01
|
-$0.35
|
13.60%
|
-$0.43
|
-6.93%
|
|
|
|
Chicago
|
May-26
|
-$0.395
|
-$0.414
|
4.86%
|
$0.02
|
-$0.32
|
22.33%
|
-$0.38
|
4.83%
|
|
|
|
Waha
|
May-26
|
-$5.885
|
-$5.732
|
-2.66%
|
-$0.15
|
-$3.94
|
49.43%
|
-$4.01
|
46.74%
|
|
|
|
Algonquin
|
May-26
|
-$0.605
|
-$0.690
|
12.37%
|
$0.09
|
-$0.59
|
3.12%
|
-$0.22
|
169.13%
|
|
|
|
Aeco
|
May-26
|
-$1.760
|
-$1.829
|
-3.77%
|
$0.07
|
-$1.67
|
5.38%
|
-$1.83
|
-3.92%
|
|
|
|
Socal
|
May-26
|
-$1.813
|
-$1.873
|
-3.25%
|
$0.06
|
-$1.67
|
8.44%
|
-$0.81
|
122.58%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/26
|
3/31/26
|
% Change
|
Change
|
3/4/26
|
% Change
|
4/1/25
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
May-26
|
$0.760
|
$0.806
|
-5.74%
|
-$0.05
|
$0.72
|
5.92%
|
$0.74
|
2.30%
|
|
|
|
Mt. Belvieu Propane non LST
|
May-26
|
$0.724
|
$0.815
|
-11.20%
|
-$0.09
|
$0.70
|
3.76%
|
$0.75
|
-2.94%
|
|
|
|
Mt. Belview Ethane
|
May-26
|
$0.230
|
$0.238
|
-3.16%
|
-$0.01
|
$0.23
|
0.55%
|
$0.28
|
-16.72%
|
|
|
|
Mt. Belview Nat. Gasoline
|
May-26
|
$2.040
|
$2.215
|
-7.90%
|
-$0.18
|
$1.47
|
39.25%
|
$1.36
|
49.81%
|
|
|
|
Mt. Belvieu Butane LST
|
May-26
|
$1.011
|
$1.090
|
-7.31%
|
-$0.08
|
$0.88
|
14.65%
|
$0.83
|
21.31%
|
|
|
|
Far East Propane
|
May-26
|
$7.470
|
$8.050
|
-7.20%
|
-$0.58
|
$5.97
|
25.10%
|
$5.27
|
41.62%
|
|
|
|
Saudi Propane
|
May-26
|
$6.680
|
$6.863
|
-2.66%
|
-$0.18
|
$5.58
|
19.71%
|
$5.14
|
29.91%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/26
|
3/31/26
|
% Change
|
Change
|
3/4/26
|
% Change
|
4/1/25
|
% Change
|
|
|
|
WTI
|
May-26
|
$100.12
|
$101.38
|
-1.26%
|
-$1.26
|
$73.46
|
36.29%
|
$66.13
|
51.40%
|
|
|
|
Brent
|
May-26
|
$104.78
|
$112.78
|
-7.63%
|
-$8.00
|
$81.40
|
28.72%
|
$69.84
|
50.03%
|
|
|
|
WCS
|
May-26
|
-$11.34
|
-$11.23
|
0.93%
|
-$0.11
|
-$12.28
|
-7.62%
|
-$13.49
|
-15.95%
|
|
|
|
LLS
|
May-26
|
$93.48
|
$96.74
|
-3.48%
|
-$3.25
|
$72.58
|
28.81%
|
$68.68
|
36.12%
|
|
|
|
Mars
|
May-26
|
$98.17
|
$103.07
|
-4.99%
|
-$4.90
|
$73.28
|
33.98%
|
$66.78
|
47.00%
|
|
|
|
Sour
|
May-26
|
$98.90
|
$100.56
|
-1.67%
|
-$1.65
|
$72.15
|
37.08%
|
$66.09
|
49.65%
|
|
|
|
ESPO
|
May-26
|
$102.78
|
$110.78
|
-7.78%
|
-$8.00
|
$79.40
|
29.45%
|
$67.84
|
51.51%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/26
|
3/31/26
|
% Change
|
Change
|
3/4/26
|
% Change
|
4/1/25
|
% Change
|
|
|
|
NY Heating Oil
|
May-26
|
$4.03
|
$4.10
|
-1.68%
|
-$0.07
|
$2.98
|
35.45%
|
$2.22
|
81.92%
|
|
|
|
NY Gasoline
|
May-26
|
$3.12
|
$3.28
|
-4.99%
|
-$0.16
|
$2.49
|
25.20%
|
$2.14
|
45.73%
|
|
|
|
GC Gasoline
|
May-26
|
$2.98
|
$3.14
|
-5.22%
|
-$0.16
|
$2.35
|
26.70%
|
$2.04
|
46.01%
|
|
|
|
GC Jet
|
May-26
|
$4.72
|
$3.96
|
19.00%
|
$0.75
|
$2.93
|
61.12%
|
$2.11
|
123.61%
|
|
|
|
Chicago Ethanol
|
May-26
|
$1.97
|
$2.00
|
-1.50%
|
-$0.03
|
$1.81
|
8.66%
|
$1.62
|
21.83%
|
|
|
|
Rotterdam Gasoil
|
May-26
|
$916.00
|
$982.00
|
-6.72%
|
-$66.00
|
$741.58
|
23.52%
|
$654.12
|
40.04%
|
|
|
|
Singapore Jet Kero
|
May-26
|
$202.90
|
$152.25
|
33.27%
|
$50.65
|
$137.12
|
47.97%
|
$85.84
|
136.36%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/26
|
3/31/26
|
% Change
|
Change
|
3/4/26
|
% Change
|
4/1/25
|
% Change
|
|
|
|
Henry Hub Straddle
|
May-26
|
56.05%
|
56.83%
|
-1.37%
|
-0.78%
|
62.52%
|
-10.35%
|
40.56%
|
38.19%
|
|
|
|
Algonquin Straddle
|
May-26
|
113.26%
|
146.06%
|
-22.46%
|
-32.80%
|
132.44%
|
-14.48%
|
42.35%
|
167.44%
|
|
|
|
Waha Straddle
|
May-26
|
167.06%
|
183.40%
|
-8.91%
|
-16.34%
|
1149.60%
|
-85.47%
|
2002.45%
|
-91.66%
|
|
|
|
Chicago Straddle
|
May-26
|
62.16%
|
63.01%
|
-1.35%
|
-0.85%
|
67.32%
|
-7.66%
|
42.50%
|
46.26%
|
|
|
|
PJM West Straddle
|
May-26
|
49.39%
|
50.24%
|
-1.69%
|
-0.85%
|
43.09%
|
14.62%
|
54.64%
|
-9.61%
|
|
|
|
SP – 15 Straddle
|
May-26
|
214.36%
|
209.82%
|
2.16%
|
4.54%
|
313.26%
|
-31.57%
|
219.48%
|
-2.33%
|
|
|
|
Mid. C Straddle
|
May-26
|
97.37%
|
101.23%
|
-3.81%
|
-3.86%
|
91.22%
|
6.74%
|
44.74%
|
117.64%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/26
|
3/31/26
|
% Change
|
Change
|
3/4/26
|
% Change
|
4/1/25
|
% Change
|
|
|
|
Dutch TTF
|
May-26
|
EUR 47.30
|
EUR 50.24
|
-5.85%
|
-EUR 2.94
|
EUR 48.12
|
-1.70%
|
EUR 35.16
|
34.52%
|
|
|
|
NBP
|
May-26
|
GBP 119.69
|
GBP 126.99
|
-5.75%
|
-GBP 7.30
|
GBP 122.35
|
-2.17%
|
GBP 86.43
|
38.47%
|
|
|
|
German Base
|
May-26
|
EUR 83.80
|
EUR 84.00
|
-0.24%
|
-EUR 0.20
|
EUR 83.35
|
0.54%
|
EUR 71.21
|
17.68%
|
|
|
|
UK Base
|
May-26
|
GBP 90.71
|
GBP 93.50
|
-2.98%
|
-GBP 2.79
|
GBP 97.41
|
-6.88%
|
GBP 70.99
|
27.78%
|
|
|
|
French Base
|
May-26
|
EUR 20.75
|
EUR 21.89
|
-5.21%
|
-EUR 1.14
|
EUR 17.49
|
18.64%
|
EUR 38.77
|
-46.48%
|
|
|
|
Italian Base
|
May-26
|
EUR 118.12
|
EUR 127.23
|
-7.16%
|
-EUR 9.11
|
EUR 112.85
|
4.66%
|
EUR 95.50
|
23.68%
|
|
|
|
JKM LNG
|
May-26
|
$18.31
|
$19.95
|
-8.21%
|
-$1.64
|
$19.38
|
-5.49%
|
$11.42
|
60.29%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/1/26
|
3/31/26
|
% Change
|
Change
|
3/4/26
|
% Change
|
4/1/25
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
May-26
|
$47.30
|
$50.24
|
-5.85%
|
-$2.94
|
$48.12
|
-1.70%
|
$35.16
|
34.52%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
May-26
|
$119.69
|
$126.99
|
-5.75%
|
-$7.30
|
$122.35
|
-2.17%
|
$86.43
|
38.47%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
May-26
|
$83.80
|
$84.00
|
-0.24%
|
-$0.20
|
$83.35
|
0.54%
|
$71.21
|
17.68%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
May-26
|
$90.71
|
$93.50
|
-2.98%
|
-$2.79
|
$97.41
|
-6.88%
|
$70.99
|
27.78%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
May-26
|
$20.75
|
$21.89
|
-5.21%
|
-$1.14
|
$17.49
|
18.64%
|
$38.77
|
-46.48%
|
|
|
|
Supramax Timecharter (DRY)
|
May-26
|
$118.12
|
$127.23
|
-7.16%
|
-$9.11
|
$112.85
|
4.66%
|
$95.50
|
23.68%
|
|
|
|
Capesize Timecharter (DRY)
|
May-26
|
$18.31
|
$19.95
|
-8.21%
|
-$1.64
|
$19.38
|
-5.49%
|
$11.42
|
60.29%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/28/2026
|
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
|
2
|
1
|
2
|
6
|
3
|
6
|
NA
|
NA
|
|
|
|
South Atlantic
|
17
|
5
|
6
|
107
|
0
|
24
|
0.00%
|
29.00%
|
|
|
|
E S Central
|
9
|
4
|
8
|
34
|
5
|
28
|
NA
|
NA
|
|
|
|
W S Central
|
38
|
25
|
13
|
165
|
91
|
78
|
NA
|
NA
|
|
|
|
Mountain
|
20
|
17
|
11
|
49
|
37
|
38
|
NA
|
NA
|
|
|
|
Pacific
|
4
|
3
|
4
|
27
|
21
|
27
|
NA
|
NA
|
|
|
|
United States
|
10
|
5
|
5
|
48
|
15
|
22
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/28/2026
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
186
|
0
|
4
|
5,702
|
96
|
398
|
2.00%
|
8.00%
|
|
|
|
Middle Atlantic
|
151
|
-15
|
-10
|
5,101
|
8
|
412
|
0.00%
|
9.00%
|
|
|
|
E N Central
|
155
|
-17
|
-13
|
5,395
|
-236
|
244
|
-4.00%
|
5.00%
|
|
|
|
W N Central
|
133
|
-36
|
0
|
5,203
|
-751
|
-209
|
-13.00%
|
-4.00%
|
|
|
|
South Atlantic
|
45
|
-25
|
-18
|
2,499
|
-80
|
85
|
-3.00%
|
4.00%
|
|
|
|
E S Central
|
43
|
-42
|
-23
|
2,928
|
-344
|
-24
|
-11.00%
|
-1.00%
|
|
|
|
W S Central
|
14
|
-33
|
-6
|
1,610
|
-548
|
-238
|
-25.00%
|
-13.00%
|
|
|
|
Mountain
|
54
|
-77
|
-25
|
3,330
|
-1,085
|
-720
|
-25.00%
|
-18.00%
|
|
|
|
Pacific
|
32
|
-56
|
-29
|
1,946
|
-690
|
-585
|
-26.00%
|
-23.00%
|
|
|
|
United States
|
86
|
-31
|
-15
|
3,576
|
-359
|
-46
|
-9.00%
|
-1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
