|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:03 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.638
|
$3.509
|
3.68%
|
$0.129
|
26,348
|
|
|
|
WTI
|
$63.16
|
$63.29
|
-0.21%
|
-$0.13
|
125,763
|
|
|
|
Brent
|
$67.48
|
$67.55
|
-0.10%
|
-$0.07
|
25,739
|
|
|
|
ULSD
|
$2.390
|
$2.393
|
-0.12%
|
-$0.003
|
8,224
|
|
|
|
RBOB
|
$1.935
|
$1.927
|
0.45%
|
$0.009
|
6,762
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$4.53
|
$4.54
|
-0.22%
|
-$0.01
|
Apr-26
|
|
|
|
3:2:1 Crack
|
$29.86
|
$29.78
|
0.28%
|
$0.08
|
Mar-26
|
|
|
|
PJM West Spark
|
$51.36
|
$55.77
|
-7.90%
|
-$4.41
|
Mar-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
|
Jan-2026
|
1079
|
14
|
-20
|
Jan-2025
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/05/21
|
|
|
|
|
|
1/30/26
|
1/23/26
|
Net Change
|
% Change
|
1/31/25
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
502
|
577
|
-75
|
-13.00%
|
507
|
-0.99%
|
524
|
-4.13%
|
|
|
|
Midwest
|
584
|
676
|
-92
|
-13.61%
|
605
|
-3.47%
|
631
|
-7.39%
|
|
|
|
Mountain
|
213
|
228
|
-15
|
-6.58%
|
200
|
6.50%
|
155
|
37.60%
|
|
|
|
Pacific
|
272
|
291
|
-19
|
-6.53%
|
230
|
18.26%
|
204
|
33.33%
|
|
|
|
South
|
891
|
1,050
|
-159
|
-15.14%
|
854
|
4.33%
|
880
|
1.27%
|
|
|
|
Salt
|
228
|
313
|
-85
|
-27.16%
|
217
|
5.07%
|
243
|
-6.02%
|
|
|
|
Non_Salt
|
663
|
737
|
-74
|
-10.04%
|
638
|
3.92%
|
637
|
4.02%
|
|
|
|
Total
|
2,463
|
2,823
|
-360
|
-12.75%
|
2,397
|
2.75%
|
2,393
|
2.92%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/5/26
|
2/4/26
|
% Change
|
Change
|
1/7/26
|
% Change
|
2/5/25
|
% Change
|
|
|
|
PJM West On Peak
|
Mar-26
|
$59.14
|
$63.28
|
-6.53%
|
-$4.13
|
$50.40
|
17.34%
|
$53.76
|
10.02%
|
|
|
|
ERCOT North On Peak
|
Mar-26
|
$31.54
|
$32.10
|
-1.75%
|
-$0.56
|
$32.29
|
-2.31%
|
$42.59
|
-25.94%
|
|
|
|
CAISO SP 15 On Peak
|
Mar-26
|
$16.29
|
$15.10
|
7.85%
|
$1.19
|
$15.17
|
7.36%
|
$17.03
|
-4.39%
|
|
|
|
MISO Indiana On Peak
|
Mar-26
|
$43.11
|
$46.96
|
-8.20%
|
-$3.85
|
$41.20
|
4.63%
|
$49.92
|
-13.65%
|
|
|
|
NEISO Mass On Peak
|
Mar-26
|
$71.01
|
$76.00
|
-6.57%
|
-$4.99
|
$67.18
|
5.70%
|
$68.94
|
3.00%
|
|
|
|
WECC Mid C On Peak
|
Mar-26
|
$26.99
|
$28.47
|
-5.19%
|
-$1.48
|
$28.31
|
-4.65%
|
$43.70
|
-38.23%
|
|
|
|
NYISO Zone G On Peak
|
Mar-26
|
$68.79
|
$73.48
|
-6.39%
|
-$4.70
|
$61.27
|
12.27%
|
$50.34
|
36.64%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/5/26
|
2/4/26
|
% Change
|
Change
|
1/7/26
|
% Change
|
2/5/25
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Mar-26
|
$3.509
|
$3.465
|
1.27%
|
$0.04
|
$2.91
|
20.46%
|
$3.87
|
-9.37%
|
|
|
|
Houston Ship Channel
|
Mar-26
|
-$0.635
|
-$0.618
|
2.83%
|
-$0.02
|
-$0.51
|
23.88%
|
-$0.44
|
44.94%
|
|
|
|
Chicago
|
Mar-26
|
-$0.153
|
-$0.157
|
3.28%
|
$0.00
|
-$0.18
|
-13.74%
|
-$0.10
|
57.70%
|
|
|
|
Waha
|
Mar-26
|
-$3.850
|
-$3.884
|
-0.87%
|
$0.03
|
-$3.47
|
10.88%
|
-$2.61
|
47.78%
|
|
|
|
Algonquin
|
Mar-26
|
$3.525
|
$3.358
|
4.99%
|
$0.17
|
$2.55
|
38.08%
|
$2.55
|
38.27%
|
|
|
|
Aeco
|
Mar-26
|
-$2.110
|
-$1.911
|
10.40%
|
-$0.20
|
-$1.20
|
75.95%
|
-$1.82
|
15.62%
|
|
|
|
Socal
|
Mar-26
|
-$1.395
|
-$1.441
|
-3.21%
|
$0.05
|
-$0.81
|
72.33%
|
-$0.32
|
342.30%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/5/26
|
2/4/26
|
% Change
|
Change
|
1/7/26
|
% Change
|
2/5/25
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Mar-26
|
$0.649
|
$0.665
|
-2.44%
|
-$0.02
|
$0.61
|
5.70%
|
$0.76
|
-14.82%
|
|
|
|
Mt. Belvieu Propane non LST
|
Mar-26
|
$0.643
|
$0.646
|
-0.58%
|
$0.00
|
$0.61
|
5.11%
|
$0.76
|
-15.63%
|
|
|
|
Mt. Belview Ethane
|
Mar-26
|
$0.249
|
$0.255
|
-2.45%
|
-$0.01
|
$0.23
|
10.55%
|
$0.28
|
-11.13%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Mar-26
|
$1.288
|
$1.289
|
-0.10%
|
$0.00
|
$1.16
|
10.77%
|
$1.36
|
-5.19%
|
|
|
|
Mt. Belvieu Butane LST
|
Mar-26
|
$0.772
|
$0.780
|
-1.02%
|
-$0.01
|
$0.70
|
9.79%
|
$0.89
|
-12.92%
|
|
|
|
Far East Propane
|
Mar-26
|
$5.367
|
$5.421
|
-1.00%
|
-$0.05
|
$4.92
|
9.07%
|
$5.49
|
-2.24%
|
|
|
|
Saudi Propane
|
Mar-26
|
$5.310
|
$5.292
|
0.35%
|
$0.02
|
$5.10
|
4.21%
|
$5.26
|
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/5/26
|
2/4/26
|
% Change
|
Change
|
1/7/26
|
% Change
|
2/5/25
|
% Change
|
|
|
|
WTI
|
Mar-26
|
$63.29
|
$65.14
|
-2.92%
|
-$1.85
|
$55.90
|
13.22%
|
$66.33
|
-4.58%
|
|
|
|
Brent
|
Mar-26
|
$67.84
|
$67.65
|
0.28%
|
$0.19
|
$59.96
|
13.14%
|
$70.13
|
-3.27%
|
|
|
|
WCS
|
Mar-26
|
-$14.71
|
-$14.58
|
0.90%
|
-$0.13
|
-$14.07
|
4.57%
|
-$15.70
|
-6.28%
|
|
|
|
LLS
|
Mar-26
|
$64.42
|
$64.17
|
0.39%
|
$0.25
|
$57.46
|
12.12%
|
$69.68
|
-7.54%
|
|
|
|
Mars
|
Mar-26
|
$61.71
|
$62.83
|
-1.82%
|
-$1.12
|
$54.32
|
13.61%
|
$67.43
|
-8.48%
|
|
|
|
Sour
|
Mar-26
|
$62.95
|
$63.25
|
-0.47%
|
-$0.30
|
$56.78
|
10.87%
|
$67.36
|
-6.54%
|
|
|
|
ESPO
|
Mar-26
|
$65.84
|
$65.65
|
0.28%
|
$0.19
|
$57.96
|
13.59%
|
$68.13
|
-3.37%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/5/26
|
2/4/26
|
% Change
|
Change
|
1/7/26
|
% Change
|
2/5/25
|
% Change
|
|
|
|
NY Heating Oil
|
Mar-26
|
$2.40
|
$2.44
|
-1.76%
|
-$0.04
|
$2.09
|
14.85%
|
$2.25
|
6.34%
|
|
|
|
NY Gasoline
|
Mar-26
|
$1.93
|
$1.93
|
0.00%
|
$0.00
|
$1.72
|
12.01%
|
$1.93
|
0.05%
|
|
|
|
GC Gasoline
|
Mar-26
|
$1.79
|
$1.79
|
0.00%
|
$0.00
|
$1.58
|
13.08%
|
$1.83
|
-2.13%
|
|
|
|
GC Jet
|
Mar-26
|
$2.21
|
$2.16
|
2.27%
|
$0.05
|
$1.85
|
19.27%
|
$2.08
|
6.45%
|
|
|
|
Chicago Ethanol
|
Mar-26
|
$1.63
|
$1.62
|
0.62%
|
$0.01
|
$1.64
|
-0.49%
|
$1.63
|
0.18%
|
|
|
|
Rotterdam Gasoil
|
Mar-26
|
$613.29
|
$608.00
|
0.87%
|
$5.29
|
$553.32
|
10.84%
|
$591.59
|
3.67%
|
|
|
|
Singapore Jet Kero
|
Mar-26
|
$85.95
|
$86.19
|
-0.28%
|
-$0.24
|
$76.75
|
11.99%
|
$85.68
|
0.31%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/5/26
|
2/4/26
|
% Change
|
Change
|
1/7/26
|
% Change
|
2/5/25
|
% Change
|
|
|
|
Henry Hub Straddle
|
Mar-26
|
99.31%
|
90.57%
|
9.65%
|
8.74%
|
57.13%
|
73.83%
|
43.30%
|
129.35%
|
|
|
|
Algonquin Straddle
|
Mar-26
|
106.55%
|
88.01%
|
21.07%
|
18.54%
|
82.87%
|
28.57%
|
73.24%
|
45.48%
|
|
|
|
Waha Straddle
|
Mar-26
|
1590.14%
|
1656.93%
|
-4.03%
|
-66.79%
|
1578.83%
|
0.72%
|
87.44%
|
1718.55%
|
|
|
|
Chicago Straddle
|
Mar-26
|
118.43%
|
112.66%
|
5.12%
|
5.77%
|
63.05%
|
87.84%
|
47.96%
|
146.93%
|
|
|
|
PJM West Straddle
|
Mar-26
|
94.46%
|
96.02%
|
-1.62%
|
-1.56%
|
53.73%
|
75.80%
|
45.29%
|
108.57%
|
|
|
|
SP – 15 Straddle
|
Mar-26
|
342.92%
|
250.80%
|
36.73%
|
92.12%
|
215.18%
|
59.36%
|
234.70%
|
46.11%
|
|
|
|
Mid. C Straddle
|
Mar-26
|
28.18%
|
34.33%
|
-17.91%
|
-6.15%
|
38.95%
|
-27.65%
|
73.35%
|
-61.58%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/5/26
|
2/4/26
|
% Change
|
Change
|
1/7/26
|
% Change
|
2/5/25
|
% Change
|
|
|
|
Dutch TTF
|
Mar-26
|
EUR 33.72
|
EUR 33.61
|
0.35%
|
EUR 0.12
|
EUR 27.92
|
20.78%
|
EUR 45.69
|
-26.18%
|
|
|
|
NBP
|
Mar-26
|
GBP 81.30
|
GBP 79.85
|
1.82%
|
GBP 1.46
|
GBP 68.50
|
18.69%
|
GBP 118.05
|
-31.13%
|
|
|
|
German Base
|
Mar-26
|
EUR 91.40
|
EUR 92.81
|
-1.52%
|
-EUR 1.41
|
EUR 84.06
|
8.74%
|
EUR 100.44
|
-9.00%
|
|
|
|
UK Base
|
Mar-26
|
GBP 84.53
|
GBP 81.50
|
3.72%
|
GBP 3.03
|
GBP 76.25
|
10.85%
|
GBP 98.03
|
-13.77%
|
|
|
|
French Base
|
Mar-26
|
EUR 65.49
|
EUR 64.16
|
2.08%
|
EUR 1.33
|
EUR 56.93
|
15.04%
|
EUR 78.81
|
-16.90%
|
|
|
|
Italian Base
|
Mar-26
|
EUR 112.33
|
EUR 112.56
|
-0.20%
|
-EUR 0.23
|
EUR 103.35
|
8.69%
|
EUR 124.03
|
-9.44%
|
|
|
|
JKM LNG
|
Mar-26
|
$10.80
|
$10.50
|
2.82%
|
$0.30
|
$9.58
|
12.77%
|
$14.81
|
-27.10%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/5/26
|
2/4/26
|
% Change
|
Change
|
1/7/26
|
% Change
|
2/5/25
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Mar-26
|
$33.72
|
$33.61
|
0.35%
|
$0.12
|
$27.92
|
20.78%
|
$45.69
|
-26.18%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Mar-26
|
$81.30
|
$79.85
|
1.82%
|
$1.46
|
$68.50
|
18.69%
|
$118.05
|
-31.13%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Mar-26
|
$91.40
|
$92.81
|
-1.52%
|
-$1.41
|
$84.06
|
8.74%
|
$100.44
|
-9.00%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Mar-26
|
$84.53
|
$81.50
|
3.72%
|
$3.03
|
$76.25
|
10.85%
|
$98.03
|
-13.77%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Mar-26
|
$65.49
|
$64.16
|
2.08%
|
$1.33
|
$56.93
|
15.04%
|
$78.81
|
-16.90%
|
|
|
|
Supramax Timecharter (DRY)
|
Mar-26
|
$112.33
|
$112.56
|
-0.20%
|
-$0.23
|
$103.35
|
8.69%
|
$124.03
|
-9.44%
|
|
|
|
Capesize Timecharter (DRY)
|
Mar-26
|
$10.80
|
$10.50
|
2.82%
|
$0.30
|
$9.58
|
12.77%
|
$14.81
|
-27.10%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
