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Prices as of 7:21 AM CST
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Current Price
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Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
Natural Gas
|
$2.994
|
$2.932
|
2.11%
|
$0.062
|
20,372
|
|
|
WTI
|
$65.62
|
$66.29
|
-1.01%
|
-$0.67
|
57,381
|
|
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Brent
|
$68.19
|
$68.76
|
-0.83%
|
-$0.57
|
14,101
|
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ULSD
|
$2.282
|
$2.318
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-1.53%
|
-$0.036
|
5,427
|
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RBOB
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$2.094
|
$2.102
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-0.39%
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-$0.008
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4,978
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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
|
$3.46
|
-0.58%
|
-$0.02
|
Oct-25
|
|
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3:2:1 Crack
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$21.68
|
$21.69
|
-0.06%
|
-$0.01
|
Sep-25
|
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PJM West Spark
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$44.86
|
$48.34
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-7.20%
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-$3.48
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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
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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
|
102,336
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102,107
|
229
|
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PJM West Off Peak
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91,362
|
91,205
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90,658
|
547
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Natural Gas Henry Hub
|
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
|
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 %
|
2023
|
2024
|
2025 Projected
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2026 Projected
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Natural gas
|
42.00%
|
42.00%
|
40.00%
|
40.00%
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Coal
|
17.00%
|
16.00%
|
16.00%
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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%
|
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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|

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EIA Lower 48 Natural Gas Storage
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|
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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
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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
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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
|
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
|
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
|
8/4/25
|
8/1/25
|
% Change
|
Change
|
7/7/25
|
% Change
|
8/2/24
|
% Change
|
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|
PJM West On Peak
|
Sep-25
|
$51.28
|
$54.61
|
-6.11%
|
-$3.33
|
$53.05
|
-3.34%
|
$53.15
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-3.53%
|
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ERCOT North On Peak
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Sep-25
|
$42.42
|
$50.92
|
-16.69%
|
-$8.50
|
$54.45
|
-22.09%
|
$70.48
|
-39.81%
|
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CAISO SP 15 On Peak
|
Sep-25
|
$38.50
|
$41.86
|
-8.02%
|
-$3.36
|
$50.06
|
-23.10%
|
$65.08
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-40.84%
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MISO Indiana On Peak
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Sep-25
|
$50.21
|
$50.70
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-0.97%
|
-$0.49
|
$49.22
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2.00%
|
$52.95
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-5.19%
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NEISO Mass On Peak
|
Sep-25
|
$48.37
|
$50.29
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-3.81%
|
-$1.92
|
$46.55
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3.90%
|
$47.92
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0.94%
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WECC Mid C On Peak
|
Sep-25
|
$61.59
|
$63.88
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-3.59%
|
-$2.29
|
$81.44
|
-24.37%
|
$108.49
|
-43.23%
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NYISO Zone G On Peak
|
Sep-25
|
$49.76
|
$51.19
|
-2.79%
|
-$1.43
|
$47.70
|
4.33%
|
$47.67
|
4.40%
|
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Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/4/25
|
8/1/25
|
% Change
|
Change
|
7/7/25
|
% Change
|
8/2/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Sep-25
|
$2.932
|
$3.083
|
-4.90%
|
-$0.15
|
$3.44
|
-14.67%
|
$3.15
|
-7.04%
|
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Houston Ship Channel
|
Sep-25
|
-$0.350
|
-$0.368
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-4.71%
|
$0.02
|
-$0.40
|
-13.12%
|
-$0.44
|
-19.73%
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Chicago
|
Sep-25
|
-$0.347
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-$0.363
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4.52%
|
$0.02
|
-$0.40
|
-13.35%
|
-$0.43
|
-18.97%
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Waha
|
Sep-25
|
-$2.207
|
-$2.332
|
-5.38%
|
$0.13
|
-$1.99
|
10.73%
|
-$1.05
|
109.92%
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Algonquin
|
Sep-25
|
-$0.349
|
-$0.404
|
13.67%
|
$0.06
|
-$0.67
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-48.27%
|
-$0.94
|
-62.86%
|
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Aeco
|
Sep-25
|
-$2.368
|
-$2.439
|
-2.89%
|
$0.07
|
-$2.47
|
-4.06%
|
-$1.40
|
69.68%
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Socal
|
Sep-25
|
-$0.405
|
-$0.417
|
-2.85%
|
$0.01
|
-$0.03
|
1236.63%
|
$0.89
|
-145.59%
|
|
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Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/4/25
|
8/1/25
|
% Change
|
Change
|
7/7/25
|
% Change
|
8/2/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Sep-25
|
$0.686
|
$0.701
|
-2.11%
|
-$0.01
|
$0.74
|
-7.79%
|
$0.70
|
-2.17%
|
|
|
Mt. Belvieu Propane non LST
|
Sep-25
|
$0.688
|
$0.710
|
-2.98%
|
-$0.02
|
$0.74
|
-6.82%
|
$0.70
|
-2.07%
|
|
|
Mt. Belview Ethane
|
Sep-25
|
$0.206
|
$0.214
|
-3.72%
|
-$0.01
|
$0.24
|
-13.20%
|
$0.24
|
-12.79%
|
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Mt. Belview Nat. Gasoline
|
Sep-25
|
$1.313
|
$1.338
|
-1.84%
|
-$0.02
|
$1.32
|
-0.33%
|
$1.37
|
-4.26%
|
|
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Mt. Belvieu Butane LST
|
Sep-25
|
$0.797
|
$0.817
|
-2.42%
|
-$0.02
|
$0.83
|
-3.61%
|
$0.79
|
0.60%
|
|
|
Far East Propane
|
Sep-25
|
$5.219
|
$5.299
|
-1.51%
|
-$0.08
|
$5.46
|
-4.42%
|
$5.42
|
-3.71%
|
|
|
Saudi Propane
|
Sep-25
|
$5.230
|
$5.259
|
-0.55%
|
-$0.03
|
$5.58
|
-6.28%
|
$5.04
|
3.70%
|
|
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|
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|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/4/25
|
8/1/25
|
% Change
|
Change
|
7/7/25
|
% Change
|
8/2/24
|
% Change
|
|
|
WTI
|
Sep-25
|
$66.29
|
$67.33
|
-1.57%
|
-$1.04
|
$66.49
|
-0.30%
|
$68.69
|
-3.49%
|
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Brent
|
Sep-25
|
$69.10
|
$70.08
|
-1.43%
|
-$0.99
|
$69.58
|
-0.69%
|
$73.42
|
-5.89%
|
|
|
WCS
|
Sep-25
|
-$11.59
|
-$11.53
|
0.55%
|
-$0.06
|
-$11.26
|
2.93%
|
-$13.73
|
-15.58%
|
|
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LLS
|
Sep-25
|
$66.58
|
$67.92
|
-2.02%
|
-$1.34
|
$66.38
|
0.30%
|
$70.51
|
-5.58%
|
|
|
Mars
|
Sep-25
|
$64.86
|
$67.49
|
-4.05%
|
-$2.63
|
$65.68
|
-1.24%
|
$69.88
|
-7.18%
|
|
|
Sour
|
Sep-25
|
$67.55
|
$65.89
|
2.45%
|
$1.65
|
$66.37
|
1.77%
|
$68.71
|
-1.69%
|
|
|
ESPO
|
Sep-25
|
$67.10
|
$68.08
|
-1.47%
|
-$0.99
|
$67.58
|
-0.71%
|
$71.42
|
-6.05%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/4/25
|
8/1/25
|
% Change
|
Change
|
7/7/25
|
% Change
|
8/2/24
|
% Change
|
|
|
NY Heating Oil
|
Sep-25
|
$2.31
|
$2.29
|
0.79%
|
$0.02
|
$2.37
|
-2.66%
|
$2.34
|
-1.41%
|
|
|
NY Gasoline
|
Sep-25
|
$2.10
|
$2.11
|
-0.43%
|
-$0.01
|
$2.08
|
0.96%
|
$2.07
|
1.45%
|
|
|
GC Gasoline
|
Sep-25
|
$1.96
|
$1.97
|
-0.46%
|
-$0.01
|
$1.94
|
1.03%
|
$1.97
|
-0.51%
|
|
|
GC Jet
|
Sep-25
|
$2.10
|
$2.03
|
3.15%
|
$0.06
|
$2.14
|
-2.01%
|
$2.19
|
-4.33%
|
|
|
Chicago Ethanol
|
Sep-25
|
$1.75
|
$1.75
|
0.11%
|
$0.00
|
$1.70
|
2.94%
|
$1.61
|
9.03%
|
|
|
Rotterdam Gasoil
|
Sep-25
|
$640.87
|
$646.78
|
-0.91%
|
-$5.91
|
$635.32
|
0.87%
|
$674.62
|
-5.00%
|
|
|
Singapore Jet Kero
|
Sep-25
|
$84.00
|
$84.73
|
-0.87%
|
-$0.73
|
$85.15
|
-1.36%
|
$89.54
|
-6.19%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/4/25
|
8/1/25
|
% Change
|
Change
|
7/7/25
|
% Change
|
8/2/24
|
% Change
|
|
|
Henry Hub Straddle
|
Sep-25
|
60.25%
|
58.92%
|
2.26%
|
1.33%
|
58.21%
|
3.50%
|
40.89%
|
47.35%
|
|
|
Algonquin Straddle
|
Sep-25
|
64.47%
|
69.82%
|
-7.66%
|
-5.35%
|
69.92%
|
-7.79%
|
49.07%
|
31.38%
|
|
|
Waha Straddle
|
Sep-25
|
142.75%
|
136.87%
|
4.30%
|
5.88%
|
141.70%
|
0.74%
|
64.45%
|
121.49%
|
|
|
Chicago Straddle
|
Sep-25
|
61.76%
|
66.35%
|
-6.92%
|
-4.59%
|
63.90%
|
-3.35%
|
44.69%
|
38.20%
|
|
|
PJM West Straddle
|
Sep-25
|
42.60%
|
36.38%
|
17.10%
|
6.22%
|
44.08%
|
-3.36%
|
39.69%
|
7.33%
|
|
|
SP – 15 Straddle
|
Sep-25
|
195.51%
|
189.79%
|
3.01%
|
5.72%
|
146.96%
|
33.04%
|
79.57%
|
145.71%
|
|
|
Mid. C Straddle
|
Sep-25
|
103.49%
|
79.22%
|
30.64%
|
24.27%
|
120.96%
|
-14.44%
|
62.26%
|
66.22%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/4/25
|
8/1/25
|
% Change
|
Change
|
7/7/25
|
% Change
|
8/2/24
|
% Change
|
|
|
Dutch TTF
|
Sep-25
|
EUR 34.25
|
EUR 33.81
|
1.31%
|
EUR 0.44
|
EUR 34.71
|
-1.31%
|
EUR 39.24
|
-12.70%
|
|
|
NBP
|
Sep-25
|
GBP 84.60
|
GBP 83.45
|
1.37%
|
GBP 1.15
|
GBP 84.40
|
0.23%
|
GBP 98.94
|
-14.50%
|
|
|
German Base
|
Sep-25
|
EUR 87.33
|
EUR 86.84
|
0.56%
|
EUR 0.49
|
EUR 89.51
|
-2.43%
|
EUR 98.86
|
-11.67%
|
|
|
UK Base
|
Sep-25
|
GBP 77.24
|
GBP 78.75
|
-1.91%
|
-GBP 1.51
|
GBP 77.82
|
-0.74%
|
GBP 78.40
|
-1.48%
|
|
|
French Base
|
Sep-25
|
EUR 57.35
|
EUR 57.49
|
-0.25%
|
-EUR 0.14
|
EUR 60.91
|
-5.85%
|
EUR 80.02
|
-28.33%
|
|
|
Italian Base
|
Sep-25
|
EUR 113.37
|
EUR 113.33
|
0.04%
|
EUR 0.04
|
EUR 116.71
|
-2.86%
|
EUR 121.61
|
-6.78%
|
|
|
JKM LNG
|
Sep-25
|
$11.90
|
$12.02
|
-1.01%
|
-$0.12
|
$12.25
|
-2.85%
|
$13.48
|
-11.71%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
8/4/25
|
8/1/25
|
% Change
|
Change
|
7/7/25
|
% Change
|
8/2/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Sep-25
|
$34.25
|
$33.81
|
1.31%
|
$0.44
|
$34.71
|
-1.31%
|
$39.24
|
-12.70%
|
|
|
USGC-UK Continent Dirty (WET)
|
Sep-25
|
$84.60
|
$83.45
|
1.37%
|
$1.15
|
$84.40
|
0.23%
|
$98.94
|
-14.50%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Sep-25
|
$87.33
|
$86.84
|
0.56%
|
$0.49
|
$89.51
|
-2.43%
|
$98.86
|
-11.67%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Sep-25
|
$77.24
|
$78.75
|
-1.91%
|
-$1.51
|
$77.82
|
-0.74%
|
$78.40
|
-1.48%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Sep-25
|
$57.35
|
$57.49
|
-0.25%
|
-$0.14
|
$60.91
|
-5.85%
|
$80.02
|
-28.33%
|
|
|
Supramax Timecharter (DRY)
|
Sep-25
|
$113.37
|
$113.33
|
0.04%
|
$0.04
|
$116.71
|
-2.86%
|
$121.61
|
-6.78%
|
|
|
Capesize Timecharter (DRY)
|
Sep-25
|
$11.90
|
$12.02
|
-1.01%
|
-$0.12
|
$12.25
|
-2.85%
|
$13.48
|
-11.71%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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