|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 10:15 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$4.165
|
$4.055
|
2.71%
|
$0.110
|
70,840
|
|
|
|
WTI
|
$66.56
|
$71.71
|
-7.18%
|
-$5.15
|
243,357
|
|
|
|
Brent
|
$69.99
|
$74.95
|
-6.62%
|
-$4.96
|
61,045
|
|
|
|
ULSD
|
$2.172
|
$2.322
|
-6.45%
|
-$0.150
|
39,806
|
|
|
|
RBOB
|
$2.158
|
$2.331
|
-7.42%
|
-$0.173
|
51,907
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.85
|
$3.72
|
3.49%
|
$0.13
|
Jun-25
|
|
|
|
3:2:1 Crack
|
$24.16
|
$25.70
|
-5.98%
|
-$1.54
|
May-25
|
|
|
|
PJM West Spark
|
$47.40
|
$44.08
|
7.51%
|
$3.31
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
04/03/20
|
|
|
|
|
|
3/28/25
|
3/21/25
|
Net Change
|
% Change
|
3/29/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
284
|
298
|
-14
|
-4.70%
|
363
|
-21.76%
|
325
|
-12.67%
|
|
|
|
Midwest
|
364
|
367
|
-3
|
-0.82%
|
510
|
-28.63%
|
420
|
-13.33%
|
|
|
|
Mountain
|
165
|
163
|
2
|
1.23%
|
162
|
1.85%
|
108
|
52.78%
|
|
|
|
Pacific
|
202
|
192
|
10
|
5.21%
|
227
|
-11.01%
|
173
|
16.63%
|
|
|
|
South
|
758
|
725
|
33
|
4.55%
|
996
|
-23.90%
|
829
|
-8.59%
|
|
|
|
Salt
|
218
|
202
|
16
|
7.92%
|
294
|
-25.85%
|
246
|
-11.38%
|
|
|
|
Non_Salt
|
540
|
523
|
17
|
3.25%
|
701
|
-22.97%
|
583
|
-7.38%
|
|
|
|
Total
|
1,773
|
1,744
|
29
|
1.66%
|
2,259
|
-21.51%
|
1,856
|
-4.46%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/2/25
|
4/1/25
|
% Change
|
Change
|
3/5/25
|
% Change
|
4/3/24
|
% Change
|
|
|
|
PJM West On Peak
|
May-25
|
$56.25
|
$52.76
|
6.61%
|
$3.49
|
$58.95
|
-4.58%
|
$48.60
|
15.73%
|
|
|
|
ERCOT North On Peak
|
May-25
|
$53.58
|
$49.62
|
7.99%
|
$3.96
|
$53.78
|
-0.36%
|
$42.26
|
26.80%
|
|
|
|
CAISO SP 15 On Peak
|
May-25
|
$4.95
|
$5.00
|
-1.02%
|
-$0.05
|
$8.86
|
-44.13%
|
$19.95
|
-75.20%
|
|
|
|
MISO Indiana On Peak
|
May-25
|
$48.41
|
$44.95
|
7.70%
|
$3.46
|
$54.78
|
-11.62%
|
$48.50
|
-0.18%
|
|
|
|
NEISO Mass On Peak
|
May-25
|
$46.17
|
$46.56
|
-0.84%
|
-$0.39
|
$49.26
|
-6.28%
|
$42.21
|
9.38%
|
|
|
|
WECC Mid C On Peak
|
May-25
|
$25.77
|
$24.00
|
7.37%
|
$1.77
|
$30.67
|
-15.96%
|
$41.40
|
-37.76%
|
|
|
|
NYISO Zone G On Peak
|
May-25
|
$47.84
|
$45.63
|
4.84%
|
$2.21
|
$49.74
|
-3.82%
|
$43.87
|
9.03%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/2/25
|
4/1/25
|
% Change
|
Change
|
3/5/25
|
% Change
|
4/3/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
May-25
|
$4.055
|
$3.951
|
2.63%
|
$0.10
|
$4.50
|
-9.97%
|
$3.07
|
32.26%
|
|
|
|
Houston Ship Channel
|
May-25
|
-$0.554
|
-$0.557
|
-0.52%
|
$0.00
|
-$0.64
|
-13.36%
|
-$0.29
|
89.59%
|
|
|
|
Chicago
|
May-25
|
-$0.518
|
-$0.494
|
-4.61%
|
-$0.02
|
-$0.40
|
28.08%
|
-$0.18
|
185.67%
|
|
|
|
Waha
|
May-25
|
-$4.170
|
-$4.228
|
-1.39%
|
$0.06
|
-$3.59
|
16.11%
|
-$1.07
|
291.35%
|
|
|
|
Algonquin
|
May-25
|
-$0.620
|
-$0.589
|
-5.26%
|
-$0.03
|
-$0.28
|
121.99%
|
-$0.15
|
320.49%
|
|
|
|
Aeco
|
May-25
|
-$2.350
|
-$2.278
|
3.17%
|
-$0.07
|
-$2.84
|
-17.33%
|
-$0.91
|
156.95%
|
|
|
|
Socal
|
May-25
|
-$1.784
|
-$1.777
|
0.39%
|
-$0.01
|
-$1.10
|
62.43%
|
-$0.34
|
417.55%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/2/25
|
4/1/25
|
% Change
|
Change
|
3/5/25
|
% Change
|
4/3/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
May-25
|
$0.844
|
$0.856
|
-1.48%
|
-$0.01
|
$0.78
|
7.81%
|
$0.74
|
14.01%
|
|
|
|
Mt. Belvieu Propane non LST
|
May-25
|
$0.845
|
$0.860
|
-1.69%
|
-$0.01
|
$0.78
|
7.92%
|
$0.74
|
14.23%
|
|
|
|
Mt. Belview Ethane
|
May-25
|
$0.300
|
$0.290
|
3.48%
|
$0.01
|
$0.29
|
2.16%
|
$0.24
|
25.12%
|
|
|
|
Mt. Belview Nat. Gasoline
|
May-25
|
$1.491
|
$1.509
|
-1.16%
|
-$0.02
|
$1.38
|
7.87%
|
$1.51
|
-0.96%
|
|
|
|
Mt. Belvieu Butane LST
|
May-25
|
$0.938
|
$0.937
|
0.01%
|
$0.00
|
$0.88
|
6.80%
|
$0.86
|
8.40%
|
|
|
|
Far East Propane
|
May-25
|
$5.968
|
$5.958
|
0.17%
|
$0.01
|
$5.60
|
6.58%
|
$5.54
|
7.65%
|
|
|
|
Saudi Propane
|
May-25
|
$6.060
|
$6.050
|
0.16%
|
$0.01
|
$5.67
|
6.97%
|
$5.20
|
16.63%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/2/25
|
4/1/25
|
% Change
|
Change
|
3/5/25
|
% Change
|
4/3/24
|
% Change
|
|
|
|
WTI
|
May-25
|
$71.71
|
$71.20
|
0.71%
|
$0.51
|
$65.91
|
8.80%
|
$76.21
|
-5.90%
|
|
|
|
Brent
|
May-25
|
$75.36
|
$74.87
|
0.65%
|
$0.49
|
$69.30
|
8.75%
|
$81.17
|
-7.15%
|
|
|
|
WCS
|
May-25
|
-$8.33
|
-$10.06
|
-20.71%
|
$1.73
|
-$13.71
|
-39.21%
|
-$13.10
|
-36.38%
|
|
|
|
LLS
|
May-25
|
$73.88
|
$74.00
|
-0.17%
|
-$0.13
|
$67.62
|
9.25%
|
$77.36
|
-4.50%
|
|
|
|
Mars
|
May-25
|
$71.67
|
$71.17
|
0.69%
|
$0.50
|
$67.02
|
6.94%
|
$73.50
|
-2.50%
|
|
|
|
Sour
|
May-25
|
$71.20
|
$71.02
|
0.25%
|
$0.18
|
$66.08
|
7.75%
|
$75.19
|
-5.32%
|
|
|
|
ESPO
|
May-25
|
$73.36
|
$72.87
|
0.67%
|
$0.49
|
$67.30
|
9.01%
|
$79.17
|
-7.33%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/2/25
|
4/1/25
|
% Change
|
Change
|
3/5/25
|
% Change
|
4/3/24
|
% Change
|
|
|
|
NY Heating Oil
|
May-25
|
$2.26
|
$2.29
|
-1.35%
|
-$0.03
|
$2.19
|
3.48%
|
$2.60
|
-13.07%
|
|
|
|
NY Gasoline
|
May-25
|
$2.28
|
$2.30
|
-0.65%
|
-$0.01
|
$2.12
|
7.64%
|
$2.42
|
-5.78%
|
|
|
|
GC Gasoline
|
May-25
|
$2.18
|
$2.20
|
-0.68%
|
-$0.02
|
$2.02
|
8.02%
|
$2.32
|
-6.03%
|
|
|
|
GC Jet
|
May-25
|
$2.20
|
$2.18
|
0.60%
|
$0.01
|
$2.03
|
8.12%
|
$2.52
|
-12.89%
|
|
|
|
Chicago Ethanol
|
May-25
|
$1.82
|
$1.80
|
0.94%
|
$0.02
|
$1.69
|
7.81%
|
$1.60
|
13.66%
|
|
|
|
Rotterdam Gasoil
|
May-25
|
$688.00
|
$688.75
|
-0.11%
|
-$0.75
|
$647.17
|
6.31%
|
$736.11
|
-6.54%
|
|
|
|
Singapore Jet Kero
|
May-25
|
$87.53
|
$87.90
|
-0.42%
|
-$0.37
|
$84.47
|
3.62%
|
$101.60
|
-13.85%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/2/25
|
4/1/25
|
% Change
|
Change
|
3/5/25
|
% Change
|
4/3/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
May-25
|
50.13%
|
54.36%
|
-7.78%
|
-4.23%
|
53.98%
|
-7.13%
|
37.17%
|
34.87%
|
|
|
|
Algonquin Straddle
|
May-25
|
53.90%
|
60.32%
|
-10.64%
|
-6.42%
|
56.08%
|
-3.89%
|
39.71%
|
35.73%
|
|
|
|
Waha Straddle
|
May-25
|
1514.66%
|
1520.24%
|
-0.37%
|
-5.58%
|
160.70%
|
842.54%
|
48.86%
|
3000.00%
|
|
|
|
Chicago Straddle
|
May-25
|
53.31%
|
58.53%
|
-8.92%
|
-5.22%
|
52.98%
|
0.62%
|
38.86%
|
37.18%
|
|
|
|
PJM West Straddle
|
May-25
|
44.27%
|
42.87%
|
3.27%
|
1.40%
|
36.68%
|
20.69%
|
35.98%
|
23.04%
|
|
|
|
SP – 15 Straddle
|
May-25
|
8.17%
|
219.63%
|
-96.28%
|
-211.46%
|
489.28%
|
-98.33%
|
104.17%
|
-92.16%
|
|
|
|
Mid. C Straddle
|
May-25
|
26.99%
|
26.33%
|
2.51%
|
0.66%
|
32.98%
|
-18.16%
|
97.72%
|
-72.38%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/2/25
|
4/1/25
|
% Change
|
Change
|
3/5/25
|
% Change
|
4/3/24
|
% Change
|
|
|
|
Dutch TTF
|
May-25
|
EUR 41.02
|
EUR 42.66
|
-3.83%
|
-EUR 1.63
|
EUR 40.93
|
0.22%
|
EUR 29.42
|
39.42%
|
|
|
|
NBP
|
May-25
|
GBP 98.78
|
GBP 102.97
|
-4.07%
|
-GBP 4.19
|
GBP 98.44
|
0.34%
|
GBP 73.98
|
33.51%
|
|
|
|
German Base
|
May-25
|
EUR 68.41
|
EUR 70.86
|
-3.46%
|
-EUR 2.45
|
EUR 65.71
|
4.10%
|
EUR 63.39
|
7.91%
|
|
|
|
UK Base
|
May-25
|
GBP 79.67
|
GBP 80.96
|
-1.60%
|
-GBP 1.30
|
GBP 77.52
|
2.76%
|
GBP 65.31
|
21.98%
|
|
|
|
French Base
|
May-25
|
EUR 40.09
|
EUR 40.36
|
-0.67%
|
-EUR 0.27
|
EUR 42.06
|
-4.68%
|
EUR 52.57
|
-23.73%
|
|
|
|
Italian Base
|
May-25
|
EUR 111.08
|
EUR 111.15
|
-0.07%
|
-EUR 0.07
|
EUR 107.34
|
3.49%
|
EUR 80.97
|
37.18%
|
|
|
|
JKM LNG
|
May-25
|
$12.95
|
$13.37
|
-3.12%
|
-$0.42
|
$12.95
|
0.06%
|
$10.18
|
27.29%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
4/2/25
|
4/1/25
|
% Change
|
Change
|
3/5/25
|
% Change
|
4/3/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
May-25
|
$41.02
|
$42.66
|
-3.83%
|
-$1.63
|
$40.93
|
0.22%
|
$29.42
|
39.42%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
May-25
|
$98.78
|
$102.97
|
-4.07%
|
-$4.19
|
$98.44
|
0.34%
|
$73.98
|
33.51%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
May-25
|
$68.41
|
$70.86
|
-3.46%
|
-$2.45
|
$65.71
|
4.10%
|
$63.39
|
7.91%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
May-25
|
$79.67
|
$80.96
|
-1.60%
|
-$1.30
|
$77.52
|
2.76%
|
$65.31
|
21.98%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
May-25
|
$40.09
|
$40.36
|
-0.67%
|
-$0.27
|
$42.06
|
-4.68%
|
$52.57
|
-23.73%
|
|
|
|
Supramax Timecharter (DRY)
|
May-25
|
$111.08
|
$111.15
|
-0.07%
|
-$0.07
|
$107.34
|
3.49%
|
$80.97
|
37.18%
|
|
|
|
Capesize Timecharter (DRY)
|
May-25
|
$12.95
|
$13.37
|
-3.12%
|
-$0.42
|
$12.95
|
0.06%
|
$10.18
|
27.29%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
