|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 9:02 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.098
|
$3.106
|
-0.26%
|
-$0.008
|
29,969
|
|
|
|
WTI
|
$69.25
|
$69.26
|
-0.01%
|
-$0.01
|
121,073
|
|
|
|
Brent
|
$71.57
|
$72.53
|
-1.32%
|
-$0.96
|
28,196
|
|
|
|
ULSD
|
$2.374
|
$2.399
|
-1.07%
|
-$0.026
|
14,217
|
|
|
|
RBOB
|
$2.153
|
$2.216
|
-2.84%
|
-$0.063
|
13,123
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.50
|
$3.50
|
0.00%
|
$0.00
|
Oct-25
|
|
|
|
3:2:1 Crack
|
$21.35
|
$22.02
|
-3.04%
|
-$0.67
|
Sep-25
|
|
|
|
PJM West Spark
|
NA
|
NA
|
NA
|
NA
|
Aug-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
07/25/25
|
542
|
-2
|
-47
|
07/26/24
|
|
|
|
Canada
|
07/25/25
|
182
|
10
|
-29
|
07/26/24
|
|
|
|
International
|
July-2025
|
914
|
1
|
-20
|
July-2024
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 7/22/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
100,544
|
100,281
|
99,999
|
282
|
|
|
|
PJM West Off Peak
|
90,226
|
90,060
|
89,552
|
508
|
|
|
|
Natural Gas Henry Hub
|
349,860
|
333,415
|
338,014
|
-4,599
|
|
|
|
WTI – Light Sweet Crude Futures
|
338,766
|
289,460
|
271,385
|
18,075
|
|
|
|
Brent Crude Last Day
|
207,786
|
200,429
|
201,269
|
-840
|
|
|
|
NYM Ethanol
|
33,102
|
32,358
|
32,718
|
-360
|
|
|
|
Mt Belvieu LDH Propane Swap
|
150,271
|
149,221
|
149,986
|
-765
|
|
|
|
RBOB
|
370,894
|
349,581
|
354,845
|
-5,264
|
|
|
|
HSC Basis
|
766,656
|
757,585
|
763,764
|
-6,179
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
07/31/20
|
|
|
|
|
|
7/25/25
|
7/18/25
|
Net Change
|
% Change
|
7/26/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
651
|
634
|
17
|
2.68%
|
711
|
-8.44%
|
652
|
-0.21%
|
|
|
|
Midwest
|
765
|
746
|
19
|
2.55%
|
842
|
-9.14%
|
762
|
0.42%
|
|
|
|
Mountain
|
243
|
239
|
4
|
1.67%
|
253
|
-3.95%
|
195
|
24.36%
|
|
|
|
Pacific
|
302
|
297
|
5
|
1.68%
|
286
|
5.59%
|
265
|
14.05%
|
|
|
|
South
|
1,162
|
1,159
|
3
|
0.26%
|
1,157
|
0.43%
|
1,067
|
8.88%
|
|
|
|
Salt
|
316
|
325
|
-9
|
-2.77%
|
307
|
2.93%
|
277
|
14.08%
|
|
|
|
Non_Salt
|
846
|
834
|
12
|
1.44%
|
851
|
-0.59%
|
791
|
6.98%
|
|
|
|
Total
|
3,123
|
3,075
|
48
|
1.56%
|
3,249
|
-3.88%
|
2,942
|
6.17%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/31/25
|
7/30/25
|
% Change
|
Change
|
7/2/25
|
% Change
|
7/31/24
|
% Change
|
|
|
|
PJM West On Peak
|
Aug-25
|
$69.05
|
$66.37
|
4.04%
|
$2.68
|
$73.02
|
-5.43%
|
$65.57
|
5.31%
|
|
|
|
ERCOT North On Peak
|
Aug-25
|
$67.20
|
$72.06
|
-6.74%
|
-$4.86
|
$136.25
|
-50.68%
|
$130.67
|
-48.57%
|
|
|
|
CAISO SP 15 On Peak
|
Aug-25
|
$48.00
|
$47.52
|
1.02%
|
$0.48
|
$63.28
|
-24.14%
|
$83.09
|
-42.23%
|
|
|
|
MISO Indiana On Peak
|
Aug-25
|
$66.16
|
$68.23
|
-3.03%
|
-$2.07
|
$67.97
|
-2.66%
|
$62.32
|
6.17%
|
|
|
|
NEISO Mass On Peak
|
Aug-25
|
$69.99
|
$75.88
|
-7.76%
|
-$5.89
|
$64.06
|
9.26%
|
$63.25
|
10.67%
|
|
|
|
WECC Mid C On Peak
|
Aug-25
|
$70.50
|
$54.00
|
30.56%
|
$16.50
|
$97.84
|
-27.94%
|
$142.19
|
-50.42%
|
|
|
|
NYISO Zone G On Peak
|
Aug-25
|
$71.18
|
$71.32
|
-0.20%
|
-$0.14
|
$67.17
|
5.97%
|
$55.28
|
28.76%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/31/25
|
7/30/25
|
% Change
|
Change
|
7/2/25
|
% Change
|
7/31/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Sep-25
|
$3.106
|
$3.045
|
2.00%
|
$0.06
|
$3.51
|
-11.54%
|
$3.18
|
-2.23%
|
|
|
|
Houston Ship Channel
|
Sep-25
|
-$0.377
|
-$0.380
|
-0.84%
|
$0.00
|
-$0.35
|
6.98%
|
-$0.41
|
-7.09%
|
|
|
|
Chicago
|
Sep-25
|
-$0.349
|
-$0.335
|
-3.98%
|
-$0.01
|
-$0.45
|
-22.28%
|
-$0.41
|
-14.72%
|
|
|
|
Waha
|
Sep-25
|
-$2.226
|
-$2.027
|
-9.80%
|
-$0.20
|
-$1.86
|
19.88%
|
-$1.04
|
115.02%
|
|
|
|
Algonquin
|
Sep-25
|
-$0.431
|
-$0.412
|
-4.61%
|
-$0.02
|
-$0.68
|
-36.65%
|
-$0.93
|
-53.44%
|
|
|
|
Aeco
|
Sep-25
|
-$2.528
|
-$2.444
|
3.45%
|
-$0.08
|
-$2.42
|
4.61%
|
-$1.43
|
76.41%
|
|
|
|
Socal
|
Sep-25
|
-$0.358
|
-$0.340
|
5.41%
|
-$0.02
|
-$0.10
|
266.73%
|
$0.90
|
-139.86%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/31/25
|
7/30/25
|
% Change
|
Change
|
7/2/25
|
% Change
|
7/31/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Aug-25
|
$0.735
|
$0.740
|
-0.72%
|
-$0.01
|
$0.73
|
1.01%
|
$0.72
|
2.27%
|
|
|
|
Mt. Belvieu Propane non LST
|
Aug-25
|
$0.727
|
$0.738
|
-1.39%
|
-$0.01
|
$0.71
|
2.10%
|
$0.71
|
2.08%
|
|
|
|
Mt. Belview Ethane
|
Aug-25
|
$0.211
|
$0.210
|
0.75%
|
$0.00
|
$0.22
|
-5.67%
|
$0.23
|
-8.69%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Aug-25
|
$1.385
|
$1.406
|
-1.47%
|
-$0.02
|
$1.32
|
5.34%
|
$1.43
|
-3.42%
|
|
|
|
Mt. Belvieu Butane LST
|
Aug-25
|
$0.823
|
$0.831
|
-1.00%
|
-$0.01
|
$0.79
|
4.14%
|
$0.83
|
-0.81%
|
|
|
|
Far East Propane
|
Aug-25
|
$5.253
|
$5.302
|
-0.91%
|
-$0.05
|
$5.34
|
-1.62%
|
$5.48
|
-4.12%
|
|
|
|
Saudi Propane
|
Aug-25
|
$5.219
|
$5.238
|
-0.37%
|
-$0.02
|
$5.58
|
-6.47%
|
$5.07
|
2.98%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/31/25
|
7/30/25
|
% Change
|
Change
|
7/2/25
|
% Change
|
7/31/24
|
% Change
|
|
|
|
WTI
|
Sep-25
|
$69.26
|
$70.00
|
-1.07%
|
-$0.74
|
$66.01
|
4.92%
|
$71.94
|
-3.73%
|
|
|
|
Brent
|
Sep-25
|
$72.11
|
$72.51
|
-0.55%
|
-$0.40
|
$69.11
|
4.34%
|
$76.68
|
-5.96%
|
|
|
|
WCS
|
Sep-25
|
-$11.44
|
-$11.72
|
-2.39%
|
$0.27
|
-$11.34
|
0.93%
|
-$14.26
|
-19.72%
|
|
|
|
LLS
|
Sep-25
|
$69.35
|
$70.65
|
-1.88%
|
-$1.30
|
$66.46
|
4.34%
|
$75.12
|
-7.68%
|
|
|
|
Mars
|
Sep-25
|
$67.28
|
$68.97
|
-2.51%
|
-$1.69
|
$63.64
|
5.73%
|
$70.78
|
-4.94%
|
|
|
|
Sour
|
Sep-25
|
$68.49
|
$69.68
|
-1.74%
|
-$1.19
|
$64.36
|
6.41%
|
$72.06
|
-4.96%
|
|
|
|
ESPO
|
Sep-25
|
$70.11
|
$70.51
|
-0.57%
|
-$0.40
|
$67.11
|
4.47%
|
$74.68
|
-6.12%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/31/25
|
7/30/25
|
% Change
|
Change
|
7/2/25
|
% Change
|
7/31/24
|
% Change
|
|
|
|
NY Heating Oil
|
Aug-25
|
$2.40
|
$2.42
|
-0.83%
|
-$0.02
|
$2.41
|
-0.50%
|
$2.41
|
-0.66%
|
|
|
|
NY Gasoline
|
Aug-25
|
$2.26
|
$2.26
|
-0.31%
|
-$0.01
|
$2.08
|
8.57%
|
$2.29
|
-1.40%
|
|
|
|
GC Gasoline
|
Aug-25
|
$2.12
|
$2.12
|
-0.33%
|
-$0.01
|
$1.94
|
9.18%
|
$2.19
|
-3.29%
|
|
|
|
GC Jet
|
Aug-25
|
$2.15
|
$2.15
|
-0.05%
|
$0.00
|
$2.18
|
-1.47%
|
$2.32
|
-7.12%
|
|
|
|
Chicago Ethanol
|
Aug-25
|
$1.75
|
$1.74
|
0.11%
|
$0.00
|
$1.72
|
1.63%
|
$1.60
|
9.06%
|
|
|
|
Rotterdam Gasoil
|
Aug-25
|
$675.99
|
$673.33
|
0.40%
|
$2.66
|
$634.82
|
6.49%
|
$679.96
|
-0.58%
|
|
|
|
Singapore Jet Kero
|
Aug-25
|
$88.75
|
$89.32
|
-0.63%
|
-$0.56
|
$84.90
|
4.54%
|
$94.40
|
-5.98%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/31/25
|
7/30/25
|
% Change
|
Change
|
7/2/25
|
% Change
|
7/31/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Sep-25
|
60.19%
|
59.60%
|
0.99%
|
0.59%
|
60.31%
|
-0.20%
|
37.74%
|
59.49%
|
|
|
|
Algonquin Straddle
|
Sep-25
|
72.22%
|
71.22%
|
1.40%
|
1.00%
|
74.20%
|
-2.67%
|
46.48%
|
55.38%
|
|
|
|
Waha Straddle
|
Sep-25
|
136.35%
|
142.44%
|
-4.28%
|
-6.09%
|
132.92%
|
2.58%
|
60.75%
|
124.44%
|
|
|
|
Chicago Straddle
|
Sep-25
|
62.48%
|
67.24%
|
-7.08%
|
-4.76%
|
67.37%
|
-7.26%
|
41.72%
|
49.76%
|
|
|
|
PJM West Straddle
|
Sep-25
|
40.21%
|
37.98%
|
5.87%
|
2.23%
|
49.91%
|
-19.43%
|
39.50%
|
1.80%
|
|
|
|
SP – 15 Straddle
|
Sep-25
|
185.66%
|
77.04%
|
140.99%
|
108.62%
|
143.47%
|
29.41%
|
76.86%
|
141.56%
|
|
|
|
Mid. C Straddle
|
Sep-25
|
94.20%
|
90.41%
|
4.19%
|
3.79%
|
100.40%
|
-6.18%
|
59.24%
|
59.01%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/31/25
|
7/30/25
|
% Change
|
Change
|
7/2/25
|
% Change
|
7/31/24
|
% Change
|
|
|
|
Dutch TTF
|
Sep-25
|
EUR 35.19
|
EUR 35.03
|
0.47%
|
EUR 0.16
|
EUR 33.94
|
3.70%
|
EUR 38.38
|
-8.29%
|
|
|
|
NBP
|
Sep-25
|
GBP 86.72
|
GBP 86.04
|
0.79%
|
GBP 0.68
|
GBP 82.68
|
4.89%
|
GBP 95.08
|
-8.80%
|
|
|
|
German Base
|
Sep-25
|
EUR 89.98
|
EUR 89.80
|
0.20%
|
EUR 0.18
|
EUR 88.74
|
1.39%
|
EUR 97.03
|
-7.27%
|
|
|
|
UK Base
|
Sep-25
|
GBP 81.82
|
GBP 81.90
|
-0.10%
|
-GBP 0.08
|
GBP 77.28
|
5.87%
|
GBP 77.88
|
5.05%
|
|
|
|
French Base
|
Sep-25
|
EUR 57.44
|
EUR 57.10
|
0.60%
|
EUR 0.34
|
EUR 60.48
|
-5.02%
|
EUR 74.99
|
-23.40%
|
|
|
|
Italian Base
|
Sep-25
|
EUR 115.76
|
EUR 115.10
|
0.57%
|
EUR 0.66
|
EUR 117.36
|
-1.37%
|
EUR 118.34
|
-2.18%
|
|
|
|
JKM LNG
|
Sep-25
|
$12.04
|
$12.08
|
-0.34%
|
-$0.04
|
$12.57
|
-4.27%
|
$13.00
|
-7.43%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/31/25
|
7/30/25
|
% Change
|
Change
|
7/2/25
|
% Change
|
7/31/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Sep-25
|
$35.19
|
$35.03
|
0.47%
|
$0.16
|
$33.94
|
3.70%
|
$38.38
|
-8.29%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Sep-25
|
$86.72
|
$86.04
|
0.79%
|
$0.68
|
$82.68
|
4.89%
|
$95.08
|
-8.80%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Sep-25
|
$89.98
|
$89.80
|
0.20%
|
$0.18
|
$88.74
|
1.39%
|
$97.03
|
-7.27%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Sep-25
|
$81.82
|
$81.90
|
-0.10%
|
-$0.08
|
$77.28
|
5.87%
|
$77.88
|
5.05%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Sep-25
|
$57.44
|
$57.10
|
0.60%
|
$0.34
|
$60.48
|
-5.02%
|
$74.99
|
-23.40%
|
|
|
|
Supramax Timecharter (DRY)
|
Sep-25
|
$115.76
|
$115.10
|
0.57%
|
$0.66
|
$117.36
|
-1.37%
|
$118.34
|
-2.18%
|
|
|
|
Capesize Timecharter (DRY)
|
Sep-25
|
$12.04
|
$12.08
|
-0.34%
|
-$0.04
|
$12.57
|
-4.27%
|
$13.00
|
-7.43%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
07/26/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
46
|
1
|
1
|
348
|
131
|
-35
|
60.00%
|
-9.00%
|
|
|
|
Middle Atlantic
|
72
|
13
|
12
|
493
|
148
|
-38
|
43.00%
|
-7.00%
|
|
|
|
E N Central
|
73
|
15
|
31
|
500
|
97
|
56
|
24.00%
|
13.00%
|
|
|
|
W N Central
|
88
|
16
|
37
|
556
|
34
|
48
|
7.00%
|
10.00%
|
|
|
|
South Atlantic
|
114
|
16
|
13
|
1,228
|
193
|
10
|
19.00%
|
1.00%
|
|
|
|
E S Central
|
118
|
23
|
37
|
1,009
|
176
|
21
|
21.00%
|
2.00%
|
|
|
|
W S Central
|
134
|
8
|
33
|
1,487
|
174
|
-24
|
13.00%
|
-2.00%
|
|
|
|
Mountain
|
72
|
-8
|
-25
|
691
|
33
|
-31
|
5.00%
|
-4.00%
|
|
|
|
Pacific
|
32
|
-14
|
-48
|
288
|
-22
|
-110
|
-7.00%
|
-27.00%
|
|
|
|
United States
|
83
|
8
|
9
|
752
|
109
|
-13
|
17.00%
|
-2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
07/26/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
3
|
0
|
2
|
5
|
-4
|
3
|
NA
|
NA
|
|
|
|
Middle Atlantic
|
0
|
-3
|
0
|
1
|
-3
|
-2
|
NA
|
NA
|
|
|
|
E N Central
|
1
|
-2
|
-3
|
2
|
-4
|
-9
|
NA
|
NA
|
|
|
|
W N Central
|
0
|
-3
|
-1
|
6
|
-7
|
-2
|
NA
|
NA
|
|
|
|
South Atlantic
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
E S Central
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
W S Central
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
Mountain
|
0
|
-3
|
0
|
2
|
-16
|
-3
|
NA
|
NA
|
|
|
|
Pacific
|
2
|
-2
|
1
|
5
|
-17
|
3
|
NA
|
NA
|
|
|
|
United States
|
1
|
-1
|
0
|
2
|
-6
|
-2
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
