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Prices as of 7:02 AM CST
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Current Price
|
Previous Settle
|
% Change
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Change
|
Volume
|
|
|
Natural Gas
|
$3.059
|
$3.083
|
-0.78%
|
-$0.024
|
13,652
|
|
|
WTI
|
$66.10
|
$67.33
|
-1.83%
|
-$1.23
|
62,408
|
|
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Brent
|
$68.52
|
$72.55
|
-5.55%
|
-$4.03
|
11,285
|
|
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ULSD
|
$2.282
|
$2.300
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-0.79%
|
-$0.018
|
5,785
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RBOB
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$2.098
|
$2.119
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-0.99%
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-$0.021
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6,413
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Spreads
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Current
|
Previous
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% Change
|
Change
|
Contract
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WTI-Brent
|
$3.44
|
$3.47
|
-0.86%
|
-$0.03
|
Oct-25
|
|
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3:2:1 Crack
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$21.34
|
$21.05
|
1.37%
|
$0.29
|
Sep-25
|
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PJM West Spark
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$48.07
|
$50.31
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-4.44%
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-$2.24
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Sep-25
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Baker Hughes Rig Count
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Date
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Count
|
Change
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1 Year Chg.
|
1 Year Date
|
|
|
U.S.
|
08/01/25
|
540
|
-2
|
-46
|
08/02/24
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Canada
|
08/01/25
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177
|
-5
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-42
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08/02/24
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International
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July-2025
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914
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1
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-20
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July-2024
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CFTC Net Positions
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As of 7/29/2025
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Open Interest
|
Total Net Long
|
Total Net Short
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Diff
|
|
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PJM West On Peak
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102,650
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102,336
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102,107
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229
|
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PJM West Off Peak
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91,362
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91,205
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90,658
|
547
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Natural Gas Henry Hub
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359,390
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344,723
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347,042
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-2,319
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WTI – Light Sweet Crude Futures
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182,334
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159,491
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151,463
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8,028
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Brent Crude Last Day
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216,532
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208,388
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208,649
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-261
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NYM Ethanol
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34,953
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34,213
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34,469
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-256
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Mt Belvieu LDH Propane Swap
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153,975
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153,026
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153,617
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-591
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RBOB
|
347,340
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324,941
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330,584
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-5,643
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HSC Basis
|
782,935
|
773,848
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779,781
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-5,933
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EIA Short Term Energy Outlook
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|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
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Brent
|
$82.00
|
$81.00
|
$66.00
|
$59.00
|
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Gasoline
|
$3.50
|
$3.30
|
$3.10
|
$3.10
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Crude Oil Production
|
$12.90
|
$13.20
|
$13.40
|
$13.50
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Natural Gas Spot
|
$2.50
|
$2.20
|
$4.10
|
$4.80
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LNG Exports
|
12.00
|
12.00
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15.00
|
16.00
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Electrical Generation %
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2023
|
2024
|
2025 Projected
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2026 Projected
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Natural gas
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42.00%
|
42.00%
|
40.00%
|
40.00%
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Coal
|
17.00%
|
16.00%
|
16.00%
|
15.00%
|
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Renewables
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22.00%
|
23.00%
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25.00%
|
27.00%
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Nuclear
|
19.00%
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19.00%
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19.00%
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19.00%
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Short Term Energy Outlook
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|

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EIA Lower 48 Natural Gas Storage
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|
07/31/20
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|
7/25/25
|
7/18/25
|
Net Change
|
% Change
|
7/26/24
|
% Change
|
5 Year Avg.
|
% Change
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|
East
|
651
|
634
|
17
|
2.68%
|
711
|
-8.44%
|
652
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-0.21%
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Midwest
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765
|
746
|
19
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2.55%
|
842
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-9.14%
|
762
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0.42%
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Mountain
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243
|
239
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4
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1.67%
|
253
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-3.95%
|
195
|
24.36%
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Pacific
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302
|
297
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5
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1.68%
|
286
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5.59%
|
265
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14.05%
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South
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1,162
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1,159
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3
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0.26%
|
1,157
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0.43%
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1,067
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8.88%
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Salt
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316
|
325
|
-9
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-2.77%
|
307
|
2.93%
|
277
|
14.08%
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Non_Salt
|
846
|
834
|
12
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1.44%
|
851
|
-0.59%
|
791
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6.98%
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Total
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3,123
|
3,075
|
48
|
1.56%
|
3,249
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-3.88%
|
2,942
|
6.17%
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Power Generation Additions/Retirements
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Front Month Prices
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Electricity
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OTCGH/EOXLive Market Data
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Contract
|
8/1/25
|
7/31/25
|
% Change
|
Change
|
7/3/25
|
% Change
|
8/1/24
|
% Change
|
|
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PJM West On Peak
|
Sep-25
|
$54.61
|
$56.90
|
-4.03%
|
-$2.29
|
$57.71
|
-5.37%
|
$53.01
|
3.02%
|
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ERCOT North On Peak
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Sep-25
|
$50.92
|
$51.06
|
-0.28%
|
-$0.14
|
$59.10
|
-13.84%
|
$70.51
|
-27.79%
|
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CAISO SP 15 On Peak
|
Sep-25
|
$41.86
|
$41.75
|
0.26%
|
$0.11
|
$51.35
|
-18.49%
|
$65.89
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-36.47%
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MISO Indiana On Peak
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Sep-25
|
$50.70
|
$52.55
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-3.53%
|
-$1.86
|
$53.58
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-5.37%
|
$52.71
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-3.82%
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NEISO Mass On Peak
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Sep-25
|
$50.29
|
$49.21
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2.19%
|
$1.08
|
$50.89
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-1.19%
|
$48.48
|
3.72%
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WECC Mid C On Peak
|
Sep-25
|
$63.88
|
$66.96
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-4.60%
|
-$3.08
|
$82.92
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-22.96%
|
$107.13
|
-40.37%
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NYISO Zone G On Peak
|
Sep-25
|
$51.19
|
$51.64
|
-0.87%
|
-$0.45
|
$52.01
|
-1.57%
|
$47.69
|
7.35%
|
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Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/1/25
|
7/31/25
|
% Change
|
Change
|
7/3/25
|
% Change
|
8/1/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Sep-25
|
$3.083
|
$3.106
|
-0.74%
|
-$0.02
|
$3.43
|
-10.14%
|
$3.14
|
-1.94%
|
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Houston Ship Channel
|
Sep-25
|
-$0.368
|
-$0.377
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-2.55%
|
$0.01
|
-$0.38
|
-3.42%
|
-$0.42
|
-11.91%
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Chicago
|
Sep-25
|
-$0.363
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-$0.349
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-3.86%
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-$0.01
|
-$0.43
|
-15.17%
|
-$0.42
|
-13.84%
|
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Waha
|
Sep-25
|
-$2.332
|
-$2.226
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-4.78%
|
-$0.11
|
-$1.92
|
21.58%
|
-$1.05
|
122.20%
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Algonquin
|
Sep-25
|
-$0.404
|
-$0.431
|
6.42%
|
$0.03
|
-$0.68
|
-40.40%
|
-$0.93
|
-56.45%
|
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Aeco
|
Sep-25
|
-$2.439
|
-$2.528
|
-3.51%
|
$0.09
|
-$2.49
|
-1.93%
|
-$1.39
|
74.99%
|
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Socal
|
Sep-25
|
-$0.417
|
-$0.358
|
16.36%
|
-$0.06
|
-$0.04
|
931.93%
|
$0.89
|
-147.08%
|
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Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/1/25
|
7/31/25
|
% Change
|
Change
|
7/3/25
|
% Change
|
8/1/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Sep-25
|
$0.701
|
$0.735
|
-4.66%
|
-$0.03
|
$0.74
|
-4.67%
|
$0.72
|
-2.93%
|
|
|
Mt. Belvieu Propane non LST
|
Sep-25
|
$0.710
|
$0.727
|
-2.45%
|
-$0.02
|
$0.73
|
-2.96%
|
$0.71
|
-0.29%
|
|
|
Mt. Belview Ethane
|
Sep-25
|
$0.214
|
$0.214
|
-0.07%
|
$0.00
|
$0.24
|
-12.56%
|
$0.24
|
-11.01%
|
|
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Mt. Belview Nat. Gasoline
|
Sep-25
|
$1.338
|
$1.375
|
-2.73%
|
-$0.04
|
$1.30
|
2.63%
|
$1.44
|
-7.15%
|
|
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Mt. Belvieu Butane LST
|
Sep-25
|
$0.817
|
$0.849
|
-3.81%
|
-$0.03
|
$0.82
|
-0.33%
|
$0.84
|
-2.39%
|
|
|
Far East Propane
|
Sep-25
|
$5.299
|
$5.400
|
-1.88%
|
-$0.10
|
$5.40
|
-1.88%
|
$5.53
|
-4.17%
|
|
|
Saudi Propane
|
Sep-25
|
$5.259
|
$5.239
|
0.38%
|
$0.02
|
$5.54
|
-5.07%
|
$5.19
|
1.24%
|
|
|
|
|
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|
|
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|
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|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/1/25
|
7/31/25
|
% Change
|
Change
|
7/3/25
|
% Change
|
8/1/24
|
% Change
|
|
|
WTI
|
Sep-25
|
$67.33
|
$69.26
|
-2.87%
|
-$1.93
|
$65.62
|
2.61%
|
$71.09
|
-5.29%
|
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Brent
|
Sep-25
|
$70.08
|
$72.11
|
-2.89%
|
-$2.03
|
$68.80
|
1.87%
|
$75.75
|
-7.48%
|
|
|
WCS
|
Sep-25
|
-$11.53
|
-$11.44
|
0.72%
|
-$0.08
|
-$11.05
|
4.33%
|
-$13.83
|
-16.64%
|
|
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LLS
|
Sep-25
|
$67.92
|
$69.35
|
-2.10%
|
-$1.43
|
$66.48
|
2.17%
|
$72.83
|
-6.75%
|
|
|
Mars
|
Sep-25
|
$67.49
|
$67.28
|
0.30%
|
$0.20
|
$64.67
|
4.35%
|
$70.00
|
-3.58%
|
|
|
Sour
|
Sep-25
|
$65.89
|
$68.49
|
-3.94%
|
-$2.59
|
$65.42
|
0.72%
|
$71.42
|
-7.74%
|
|
|
ESPO
|
Sep-25
|
$68.08
|
$70.11
|
-2.98%
|
-$2.03
|
$66.80
|
1.92%
|
$73.75
|
-7.68%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/1/25
|
7/31/25
|
% Change
|
Change
|
7/3/25
|
% Change
|
8/1/24
|
% Change
|
|
|
NY Heating Oil
|
Sep-25
|
$2.29
|
$2.39
|
-4.23%
|
-$0.10
|
$2.33
|
-1.93%
|
$2.38
|
-3.83%
|
|
|
NY Gasoline
|
Sep-25
|
$2.11
|
$2.19
|
-3.70%
|
-$0.08
|
$2.08
|
1.39%
|
$2.20
|
-4.05%
|
|
|
GC Gasoline
|
Sep-25
|
$1.97
|
$2.05
|
-3.95%
|
-$0.08
|
$1.94
|
1.49%
|
$2.10
|
-6.15%
|
|
|
GC Jet
|
Sep-25
|
$2.03
|
$2.16
|
-6.05%
|
-$0.13
|
$2.12
|
-4.06%
|
$2.25
|
-9.44%
|
|
|
Chicago Ethanol
|
Sep-25
|
$1.75
|
$1.74
|
0.75%
|
$0.01
|
$1.72
|
1.63%
|
$1.61
|
8.77%
|
|
|
Rotterdam Gasoil
|
Sep-25
|
$646.78
|
$657.44
|
-1.62%
|
-$10.67
|
$625.30
|
3.43%
|
$677.37
|
-4.52%
|
|
|
Singapore Jet Kero
|
Sep-25
|
$84.73
|
$88.70
|
-4.47%
|
-$3.97
|
$85.00
|
-0.32%
|
$94.34
|
-10.18%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/1/25
|
7/31/25
|
% Change
|
Change
|
7/3/25
|
% Change
|
8/1/24
|
% Change
|
|
|
Henry Hub Straddle
|
Sep-25
|
58.92%
|
60.19%
|
-2.11%
|
-1.27%
|
55.39%
|
6.37%
|
41.97%
|
40.39%
|
|
|
Algonquin Straddle
|
Sep-25
|
69.82%
|
72.22%
|
-3.32%
|
-2.40%
|
67.86%
|
2.89%
|
50.42%
|
38.48%
|
|
|
Waha Straddle
|
Sep-25
|
136.87%
|
136.35%
|
0.38%
|
0.52%
|
141.63%
|
-3.36%
|
65.56%
|
108.77%
|
|
|
Chicago Straddle
|
Sep-25
|
66.35%
|
62.48%
|
6.19%
|
3.87%
|
61.80%
|
7.36%
|
46.75%
|
41.93%
|
|
|
PJM West Straddle
|
Sep-25
|
36.38%
|
40.21%
|
-9.52%
|
-3.83%
|
49.20%
|
-26.06%
|
40.20%
|
-9.50%
|
|
|
SP – 15 Straddle
|
Sep-25
|
189.79%
|
185.66%
|
2.22%
|
4.13%
|
140.81%
|
34.78%
|
78.33%
|
142.30%
|
|
|
Mid. C Straddle
|
Sep-25
|
79.22%
|
94.20%
|
-15.90%
|
-14.98%
|
113.09%
|
-29.95%
|
63.06%
|
25.63%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/1/25
|
7/31/25
|
% Change
|
Change
|
7/3/25
|
% Change
|
8/1/24
|
% Change
|
|
|
Dutch TTF
|
Sep-25
|
EUR 33.81
|
EUR 35.19
|
-3.93%
|
-EUR 1.38
|
EUR 34.32
|
-1.49%
|
EUR 39.10
|
-13.54%
|
|
|
NBP
|
Sep-25
|
GBP 83.45
|
GBP 86.72
|
-3.77%
|
-GBP 3.27
|
GBP 83.50
|
-0.05%
|
GBP 97.34
|
-14.27%
|
|
|
German Base
|
Sep-25
|
EUR 86.84
|
EUR 89.98
|
-3.49%
|
-EUR 3.14
|
EUR 88.99
|
-2.41%
|
EUR 100.36
|
-13.47%
|
|
|
UK Base
|
Sep-25
|
GBP 78.75
|
GBP 81.82
|
-3.75%
|
-GBP 3.07
|
GBP 78.55
|
0.25%
|
GBP 78.62
|
0.16%
|
|
|
French Base
|
Sep-25
|
EUR 57.49
|
EUR 57.44
|
0.09%
|
EUR 0.05
|
EUR 61.49
|
-6.50%
|
EUR 77.81
|
-26.11%
|
|
|
Italian Base
|
Sep-25
|
EUR 113.33
|
EUR 115.76
|
-2.10%
|
-EUR 2.43
|
EUR 116.95
|
-3.10%
|
EUR 121.58
|
-6.79%
|
|
|
JKM LNG
|
Sep-25
|
$12.02
|
$12.10
|
-0.67%
|
-$0.08
|
$12.30
|
-2.28%
|
$13.55
|
-11.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/1/25
|
7/31/25
|
% Change
|
Change
|
7/3/25
|
% Change
|
8/1/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Sep-25
|
$33.81
|
$35.19
|
-3.93%
|
-$1.38
|
$34.32
|
-1.49%
|
$39.10
|
-13.54%
|
|
|
USGC-UK Continent Dirty (WET)
|
Sep-25
|
$83.45
|
$86.72
|
-3.77%
|
-$3.27
|
$83.50
|
-0.05%
|
$97.34
|
-14.27%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Sep-25
|
$86.84
|
$89.98
|
-3.49%
|
-$3.14
|
$88.99
|
-2.41%
|
$100.36
|
-13.47%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Sep-25
|
$78.75
|
$81.82
|
-3.75%
|
-$3.07
|
$78.55
|
0.25%
|
$78.62
|
0.16%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Sep-25
|
$57.49
|
$57.44
|
0.09%
|
$0.05
|
$61.49
|
-6.50%
|
$77.81
|
-26.11%
|
|
|
Supramax Timecharter (DRY)
|
Sep-25
|
$113.33
|
$115.76
|
-2.10%
|
-$2.43
|
$116.95
|
-3.10%
|
$121.58
|
-6.79%
|
|
|
Capesize Timecharter (DRY)
|
Sep-25
|
$12.02
|
$12.10
|
-0.67%
|
-$0.08
|
$12.30
|
-2.28%
|
$13.55
|
-11.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
08/02/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
New England
|
53
|
8
|
0
|
400
|
138
|
-35
|
53.00%
|
-8.00%
|
|
|
Middle Atlantic
|
75
|
16
|
4
|
568
|
164
|
-35
|
41.00%
|
-6.00%
|
|
|
E N Central
|
66
|
9
|
1
|
566
|
106
|
57
|
23.00%
|
11.00%
|
|
|
W N Central
|
72
|
1
|
-18
|
628
|
35
|
31
|
6.00%
|
5.00%
|
|
|
South Atlantic
|
117
|
20
|
14
|
1,345
|
214
|
24
|
19.00%
|
2.00%
|
|
|
E S Central
|
113
|
18
|
12
|
1,122
|
195
|
33
|
21.00%
|
3.00%
|
|
|
W S Central
|
132
|
6
|
7
|
1,619
|
180
|
-17
|
13.00%
|
-1.00%
|
|
|
Mountain
|
81
|
3
|
-3
|
772
|
35
|
-34
|
5.00%
|
-4.00%
|
|
|
Pacific
|
42
|
-5
|
-7
|
330
|
-28
|
-117
|
-8.00%
|
-26.00%
|
|
|
United States
|
84
|
9
|
2
|
836
|
119
|
-11
|
17.00%
|
-1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
08/02/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
New England
|
2
|
-1
|
1
|
7
|
-5
|
4
|
NA
|
NA
|
|
|
Middle Atlantic
|
1
|
-2
|
1
|
2
|
-5
|
-1
|
NA
|
NA
|
|
|
E N Central
|
3
|
-1
|
3
|
5
|
-5
|
-6
|
NA
|
NA
|
|
|
W N Central
|
3
|
0
|
3
|
8
|
-8
|
0
|
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
|
-2
|
0
|
2
|
-17
|
-3
|
NA
|
NA
|
|
|
Pacific
|
0
|
-3
|
-2
|
5
|
-20
|
1
|
NA
|
NA
|
|
|
United States
|
1
|
-1
|
0
|
3
|
-7
|
-1
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
Weather Forecast & Seasonal Outlook
|

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