|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:01 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.588
|
$4.354
|
-17.59%
|
-$0.766
|
73,219
|
|
|
|
WTI
|
$62.24
|
$65.21
|
-4.55%
|
-$2.97
|
158,054
|
|
|
|
Brent
|
$66.32
|
$70.69
|
-6.18%
|
-$4.37
|
33,631
|
|
|
|
ULSD
|
$2.410
|
$2.736
|
-11.92%
|
-$0.326
|
23,064
|
|
|
|
RBOB
|
$1.868
|
$1.923
|
-2.83%
|
-$0.054
|
10,032
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$4.50
|
$4.58
|
-1.75%
|
-$0.08
|
Apr-26
|
|
|
|
3:2:1 Crack
|
$29.13
|
$29.89
|
-2.57%
|
-$0.77
|
Mar-26
|
|
|
|
PJM West Spark
|
NA
|
NA
|
NA
|
NA
|
Feb-26
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
01/30/26
|
546
|
2
|
-36
|
01/31/25
|
|
|
|
Canada
|
01/30/26
|
232
|
1
|
-26
|
01/31/25
|
|
|
|
International
|
Dec-2025
|
1065
|
-8
|
-49
|
Dec-2024
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 1/27/2026
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
126,130
|
125,792
|
125,547
|
245
|
|
|
|
PJM West Off Peak
|
117,704
|
117,317
|
117,104
|
213
|
|
|
|
Natural Gas Henry Hub
|
376,518
|
362,823
|
357,343
|
5,480
|
|
|
|
WTI – Light Sweet Crude Futures
|
177,483
|
146,470
|
138,695
|
7,775
|
|
|
|
Brent Crude Last Day
|
319,032
|
310,453
|
312,403
|
-1,950
|
|
|
|
NYM Ethanol
|
43,694
|
42,909
|
43,112
|
-203
|
|
|
|
Mt Belvieu LDH Propane Swap
|
136,006
|
135,366
|
135,708
|
-342
|
|
|
|
RBOB
|
465,886
|
440,305
|
448,014
|
-7,709
|
|
|
|
HSC Basis
|
783,802
|
777,643
|
775,930
|
1,713
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/29/21
|
|
|
|
|
|
1/23/26
|
1/16/26
|
Net Change
|
% Change
|
1/24/25
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
577
|
632
|
-55
|
-8.70%
|
552
|
4.53%
|
572
|
0.94%
|
|
|
|
Midwest
|
676
|
752
|
-76
|
-10.11%
|
661
|
2.27%
|
686
|
-1.49%
|
|
|
|
Mountain
|
228
|
242
|
-14
|
-5.79%
|
212
|
7.55%
|
164
|
39.02%
|
|
|
|
Pacific
|
291
|
300
|
-9
|
-3.00%
|
246
|
18.29%
|
213
|
36.49%
|
|
|
|
South
|
1,050
|
1,139
|
-89
|
-7.81%
|
901
|
16.54%
|
930
|
12.85%
|
|
|
|
Salt
|
313
|
343
|
-30
|
-8.75%
|
229
|
36.68%
|
257
|
21.70%
|
|
|
|
Non_Salt
|
737
|
796
|
-59
|
-7.41%
|
672
|
9.67%
|
673
|
9.44%
|
|
|
|
Total
|
2,823
|
3,065
|
-242
|
-7.90%
|
2,571
|
9.80%
|
2,565
|
10.06%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/30/26
|
1/29/26
|
% Change
|
Change
|
12/31/25
|
% Change
|
1/30/25
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-26
|
$157.46
|
$109.46
|
43.86%
|
$48.01
|
$65.52
|
140.32%
|
$62.60
|
151.56%
|
|
|
|
ERCOT North On Peak
|
Feb-26
|
$56.15
|
$49.72
|
12.91%
|
$6.42
|
$52.26
|
7.44%
|
$65.77
|
-14.63%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-26
|
$27.00
|
$24.50
|
10.20%
|
$2.50
|
$26.20
|
3.05%
|
$47.71
|
-43.41%
|
|
|
|
MISO Indiana On Peak
|
Feb-26
|
$106.94
|
$82.25
|
30.01%
|
$24.68
|
$50.84
|
110.33%
|
$52.90
|
102.17%
|
|
|
|
NEISO Mass On Peak
|
Feb-26
|
$226.47
|
$187.28
|
20.93%
|
$39.19
|
$125.67
|
80.21%
|
$113.86
|
98.90%
|
|
|
|
WECC Mid C On Peak
|
Feb-26
|
$30.00
|
$28.25
|
6.19%
|
$1.75
|
$35.09
|
-14.50%
|
$78.83
|
-61.94%
|
|
|
|
NYISO Zone G On Peak
|
Feb-26
|
$232.88
|
$193.29
|
20.48%
|
$39.58
|
$107.49
|
116.66%
|
$92.25
|
152.45%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/30/26
|
1/29/26
|
% Change
|
Change
|
12/31/25
|
% Change
|
1/30/25
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Mar-26
|
$4.354
|
$3.918
|
11.13%
|
$0.44
|
$3.13
|
39.11%
|
$3.73
|
16.70%
|
|
|
|
Houston Ship Channel
|
Mar-26
|
-$0.729
|
-$0.560
|
30.14%
|
-$0.17
|
-$0.46
|
59.99%
|
-$0.42
|
75.60%
|
|
|
|
Chicago
|
Mar-26
|
$0.080
|
$0.154
|
92.63%
|
-$0.07
|
-$0.23
|
-134.74%
|
-$0.11
|
-170.67%
|
|
|
|
Waha
|
Mar-26
|
-$4.670
|
-$4.289
|
-8.89%
|
-$0.38
|
-$3.65
|
28.10%
|
-$2.44
|
91.64%
|
|
|
|
Algonquin
|
Mar-26
|
$3.750
|
$3.137
|
19.53%
|
$0.61
|
$2.58
|
45.35%
|
$1.96
|
91.11%
|
|
|
|
Aeco
|
Mar-26
|
-$2.675
|
-$2.146
|
24.67%
|
-$0.53
|
-$1.32
|
102.18%
|
-$1.80
|
48.37%
|
|
|
|
Socal
|
Mar-26
|
-$2.100
|
-$1.711
|
22.73%
|
-$0.39
|
-$0.89
|
136.89%
|
-$0.39
|
439.71%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/30/26
|
1/29/26
|
% Change
|
Change
|
12/31/25
|
% Change
|
1/30/25
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-26
|
$0.641
|
$0.648
|
-0.99%
|
-$0.01
|
$0.64
|
0.91%
|
$0.79
|
-18.86%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-26
|
$0.662
|
$0.678
|
-2.39%
|
-$0.02
|
$0.62
|
7.16%
|
$0.79
|
-16.28%
|
|
|
|
Mt. Belview Ethane
|
Feb-26
|
$0.286
|
$0.268
|
6.95%
|
$0.02
|
$0.24
|
18.55%
|
$0.29
|
-0.05%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-26
|
$1.332
|
$1.337
|
-0.32%
|
$0.00
|
$1.18
|
13.15%
|
$1.40
|
-4.57%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-26
|
$0.812
|
$0.791
|
2.66%
|
$0.02
|
$0.77
|
5.01%
|
$0.93
|
-12.27%
|
|
|
|
Far East Propane
|
Feb-26
|
$5.052
|
$5.702
|
-11.40%
|
-$0.65
|
$5.06
|
-0.16%
|
$5.64
|
-10.50%
|
|
|
|
Saudi Propane
|
Feb-26
|
$5.666
|
$5.472
|
3.54%
|
$0.19
|
$5.16
|
9.82%
|
$5.42
|
4.59%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/30/26
|
1/29/26
|
% Change
|
Change
|
12/31/25
|
% Change
|
1/30/25
|
% Change
|
|
|
|
WTI
|
Mar-26
|
$65.21
|
$65.42
|
-0.32%
|
-$0.21
|
$57.22
|
13.96%
|
$66.96
|
-2.61%
|
|
|
|
Brent
|
Mar-26
|
$70.71
|
$70.71
|
0.00%
|
$0.00
|
$60.85
|
16.20%
|
$70.72
|
-0.01%
|
|
|
|
WCS
|
Mar-26
|
-$14.25
|
-$14.16
|
0.66%
|
-$0.09
|
-$13.08
|
8.94%
|
-$16.90
|
-15.68%
|
|
|
|
LLS
|
Mar-26
|
$65.99
|
$65.91
|
0.12%
|
$0.08
|
$58.62
|
12.56%
|
$69.16
|
-4.59%
|
|
|
|
Mars
|
Mar-26
|
$62.78
|
$62.63
|
0.25%
|
$0.16
|
$56.22
|
11.66%
|
$66.91
|
-6.17%
|
|
|
|
Sour
|
Mar-26
|
$64.48
|
$64.84
|
-0.56%
|
-$0.36
|
$57.39
|
12.35%
|
$66.82
|
-3.50%
|
|
|
|
ESPO
|
Mar-26
|
$68.71
|
$68.71
|
0.00%
|
$0.00
|
$58.85
|
16.75%
|
$68.72
|
-0.01%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/30/26
|
1/29/26
|
% Change
|
Change
|
12/31/25
|
% Change
|
1/30/25
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-26
|
$2.66
|
$2.60
|
2.50%
|
$0.07
|
$2.13
|
25.16%
|
$2.27
|
17.17%
|
|
|
|
NY Gasoline
|
Feb-26
|
$1.92
|
$1.93
|
-0.57%
|
-$0.01
|
$1.73
|
11.16%
|
$1.90
|
1.42%
|
|
|
|
GC Gasoline
|
Feb-26
|
$1.78
|
$1.79
|
-0.61%
|
-$0.01
|
$1.59
|
12.14%
|
$1.80
|
-0.72%
|
|
|
|
GC Jet
|
Feb-26
|
$2.31
|
$2.32
|
-0.13%
|
$0.00
|
$1.93
|
19.71%
|
$2.09
|
10.51%
|
|
|
|
Chicago Ethanol
|
Feb-26
|
$1.60
|
$1.60
|
-0.31%
|
$0.00
|
$1.60
|
-0.44%
|
$1.63
|
-2.39%
|
|
|
|
Rotterdam Gasoil
|
Feb-26
|
$607.37
|
$608.48
|
-0.18%
|
-$1.11
|
$560.95
|
8.27%
|
$613.51
|
-1.00%
|
|
|
|
Singapore Jet Kero
|
Feb-26
|
$90.13
|
$89.06
|
1.20%
|
$1.07
|
$80.82
|
11.52%
|
$88.03
|
2.38%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/30/26
|
1/29/26
|
% Change
|
Change
|
12/31/25
|
% Change
|
1/30/25
|
% Change
|
|
|
|
Henry Hub Straddle
|
Mar-26
|
95.88%
|
96.05%
|
-0.18%
|
-0.17%
|
69.06%
|
38.84%
|
44.58%
|
115.07%
|
|
|
|
Algonquin Straddle
|
Mar-26
|
125.03%
|
121.53%
|
2.88%
|
3.50%
|
96.40%
|
29.70%
|
74.87%
|
67.00%
|
|
|
|
Waha Straddle
|
Mar-26
|
2212.88%
|
2107.67%
|
4.99%
|
105.21%
|
1793.15%
|
23.41%
|
94.32%
|
2246.14%
|
|
|
|
Chicago Straddle
|
Mar-26
|
107.11%
|
112.05%
|
-4.41%
|
-4.94%
|
73.57%
|
45.59%
|
49.27%
|
117.39%
|
|
|
|
PJM West Straddle
|
Mar-26
|
87.70%
|
93.01%
|
-5.71%
|
-5.31%
|
51.44%
|
70.49%
|
45.46%
|
92.92%
|
|
|
|
SP – 15 Straddle
|
Mar-26
|
51.12%
|
77.02%
|
-33.63%
|
-25.90%
|
300.43%
|
-82.98%
|
244.43%
|
-79.09%
|
|
|
|
Mid. C Straddle
|
Mar-26
|
18.85%
|
184.14%
|
-89.76%
|
-165.29%
|
54.87%
|
-65.65%
|
67.93%
|
-72.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/30/26
|
1/29/26
|
% Change
|
Change
|
12/31/25
|
% Change
|
1/30/25
|
% Change
|
|
|
|
Dutch TTF
|
Mar-26
|
EUR 39.83
|
EUR 38.48
|
3.50%
|
EUR 1.35
|
EUR 28.02
|
42.15%
|
EUR 42.90
|
-7.17%
|
|
|
|
NBP
|
Mar-26
|
GBP 96.40
|
GBP 93.86
|
2.71%
|
GBP 2.54
|
GBP 69.76
|
38.19%
|
GBP 111.06
|
-13.20%
|
|
|
|
German Base
|
Mar-26
|
EUR 100.38
|
EUR 99.88
|
0.49%
|
EUR 0.49
|
EUR 82.45
|
21.74%
|
EUR 98.53
|
1.87%
|
|
|
|
UK Base
|
Mar-26
|
GBP 88.85
|
GBP 91.64
|
-3.03%
|
-GBP 2.78
|
GBP 73.43
|
21.01%
|
GBP 94.49
|
-5.97%
|
|
|
|
French Base
|
Mar-26
|
EUR 74.42
|
EUR 76.71
|
-2.99%
|
-EUR 2.29
|
EUR 58.26
|
27.74%
|
EUR 79.26
|
-6.10%
|
|
|
|
Italian Base
|
Mar-26
|
EUR 122.38
|
EUR 123.43
|
-0.85%
|
-EUR 1.05
|
EUR 105.84
|
15.63%
|
EUR 119.38
|
2.51%
|
|
|
|
JKM LNG
|
Mar-26
|
$11.58
|
$11.97
|
-3.21%
|
-$0.38
|
$9.69
|
19.45%
|
$14.25
|
-18.72%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/30/26
|
1/29/26
|
% Change
|
Change
|
12/31/25
|
% Change
|
1/30/25
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Mar-26
|
$39.83
|
$38.48
|
3.50%
|
$1.35
|
$28.02
|
42.15%
|
$42.90
|
-7.17%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Mar-26
|
$96.40
|
$93.86
|
2.71%
|
$2.54
|
$69.76
|
38.19%
|
$111.06
|
-13.20%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Mar-26
|
$100.38
|
$99.88
|
0.49%
|
$0.49
|
$82.45
|
21.74%
|
$98.53
|
1.87%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Mar-26
|
$88.85
|
$91.64
|
-3.03%
|
-$2.78
|
$73.43
|
21.01%
|
$94.49
|
-5.97%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Mar-26
|
$74.42
|
$76.71
|
-2.99%
|
-$2.29
|
$58.26
|
27.74%
|
$79.26
|
-6.10%
|
|
|
|
Supramax Timecharter (DRY)
|
Mar-26
|
$122.38
|
$123.43
|
-0.85%
|
-$1.05
|
$105.84
|
15.63%
|
$119.38
|
2.51%
|
|
|
|
Capesize Timecharter (DRY)
|
Mar-26
|
$11.58
|
$11.97
|
-3.21%
|
-$0.38
|
$9.69
|
19.45%
|
$14.25
|
-18.72%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/31/2026
|
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
|
0
|
0
|
NA
|
NA
|
|
|
|
W N Central
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
South Atlantic
|
3
|
-5
|
-1
|
20
|
-14
|
11
|
NA
|
NA
|
|
|
|
E S Central
|
0
|
-1
|
0
|
0
|
-8
|
0
|
NA
|
NA
|
|
|
|
W S Central
|
0
|
-4
|
-1
|
13
|
-1
|
10
|
NA
|
NA
|
|
|
|
Mountain
|
0
|
-1
|
0
|
0
|
-1
|
0
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
-1
|
0
|
0
|
-2
|
0
|
NA
|
NA
|
|
|
|
United States
|
1
|
-1
|
0
|
5
|
-4
|
3
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/31/2026
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
380
|
97
|
101
|
3,773
|
65
|
285
|
2.00%
|
8.00%
|
|
|
|
Middle Atlantic
|
368
|
105
|
122
|
3,394
|
45
|
308
|
1.00%
|
10.00%
|
|
|
|
E N Central
|
401
|
109
|
153
|
3,746
|
-28
|
346
|
-1.00%
|
10.00%
|
|
|
|
W N Central
|
396
|
89
|
158
|
3,671
|
-414
|
86
|
-10.00%
|
2.00%
|
|
|
|
South Atlantic
|
218
|
74
|
89
|
1,727
|
1
|
43
|
0.00%
|
3.00%
|
|
|
|
E S Central
|
277
|
96
|
122
|
2,119
|
-111
|
73
|
-5.00%
|
4.00%
|
|
|
|
W S Central
|
221
|
93
|
120
|
1,232
|
-266
|
-36
|
-18.00%
|
-3.00%
|
|
|
|
Mountain
|
205
|
-2
|
-22
|
2,389
|
-709
|
-413
|
-23.00%
|
-15.00%
|
|
|
|
Pacific
|
95
|
-26
|
-60
|
1,373
|
-444
|
-282
|
-24.00%
|
-17.00%
|
|
|
|
United States
|
273
|
69
|
84
|
2,482
|
-174
|
58
|
-7.00%
|
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
