|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 8:10 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.246
|
$3.419
|
-5.06%
|
-$0.173
|
42,729
|
|
|
|
WTI
|
$61.80
|
$61.15
|
1.06%
|
$0.65
|
96,113
|
|
|
|
Brent
|
$66.22
|
$65.47
|
1.15%
|
$0.75
|
29,271
|
|
|
|
ULSD
|
$2.245
|
$2.238
|
0.30%
|
$0.007
|
7,455
|
|
|
|
RBOB
|
$1.835
|
$1.827
|
0.45%
|
$0.008
|
6,319
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$4.66
|
$4.54
|
2.64%
|
$0.12
|
Mar-26
|
|
|
|
3:2:1 Crack
|
$21.89
|
$22.21
|
-1.41%
|
-$0.31
|
Feb-26
|
|
|
|
PJM West Spark
|
$52.64
|
$53.39
|
-1.42%
|
-$0.76
|
Feb-26
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
01/09/26
|
544
|
-2
|
-40
|
01/10/25
|
|
|
|
Canada
|
01/09/26
|
197
|
96
|
-19
|
01/10/25
|
|
|
|
International
|
Dec-2025
|
1065
|
-8
|
-49
|
Dec-2024
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 1/6/2026
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
121,472
|
121,127
|
121,115
|
12
|
|
|
|
PJM West Off Peak
|
114,770
|
114,417
|
114,412
|
5
|
|
|
|
Natural Gas Henry Hub
|
349,816
|
335,573
|
329,255
|
6,318
|
|
|
|
WTI – Light Sweet Crude Futures
|
492,331
|
408,399
|
387,335
|
21,064
|
|
|
|
Brent Crude Last Day
|
245,702
|
238,027
|
240,506
|
-2,479
|
|
|
|
NYM Ethanol
|
33,596
|
32,968
|
32,926
|
42
|
|
|
|
Mt Belvieu LDH Propane Swap
|
124,830
|
124,178
|
124,529
|
-351
|
|
|
|
RBOB
|
421,968
|
398,450
|
402,943
|
-4,493
|
|
|
|
HSC Basis
|
742,476
|
736,243
|
737,540
|
-1,297
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/08/21
|
|
|
|
|
|
1/2/26
|
12/19/25
|
Net Change
|
% Change
|
1/3/25
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
697
|
751
|
-54
|
-7.19%
|
737
|
-5.43%
|
730
|
-4.52%
|
|
|
|
Midwest
|
821
|
904
|
-83
|
-9.18%
|
881
|
-6.81%
|
868
|
-5.46%
|
|
|
|
Mountain
|
256
|
266
|
-10
|
-3.76%
|
255
|
0.39%
|
195
|
31.28%
|
|
|
|
Pacific
|
304
|
303
|
1
|
0.33%
|
293
|
3.75%
|
242
|
25.62%
|
|
|
|
South
|
1,178
|
1,190
|
-12
|
-1.01%
|
1,207
|
-2.40%
|
1,130
|
4.28%
|
|
|
|
Salt
|
343
|
323
|
20
|
6.19%
|
364
|
-5.77%
|
330
|
4.07%
|
|
|
|
Non_Salt
|
835
|
867
|
-32
|
-3.69%
|
844
|
-1.07%
|
800
|
4.32%
|
|
|
|
Total
|
3,256
|
3,413
|
-157
|
-4.60%
|
3,373
|
-3.47%
|
3,165
|
2.89%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/26
|
1/12/26
|
% Change
|
Change
|
12/12/25
|
% Change
|
1/13/25
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-26
|
$59.54
|
$60.71
|
-1.93%
|
-$1.17
|
$72.15
|
-17.49%
|
$64.11
|
-7.14%
|
|
|
|
ERCOT North On Peak
|
Feb-26
|
$40.45
|
$37.66
|
7.40%
|
$2.79
|
$55.68
|
-27.36%
|
$72.03
|
-43.85%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-26
|
$21.25
|
$20.50
|
3.66%
|
$0.75
|
$31.75
|
-33.07%
|
$49.04
|
-56.67%
|
|
|
|
MISO Indiana On Peak
|
Feb-26
|
$46.49
|
$43.65
|
6.52%
|
$2.85
|
$59.40
|
-21.73%
|
$54.66
|
-14.94%
|
|
|
|
NEISO Mass On Peak
|
Feb-26
|
$122.14
|
$129.44
|
-5.64%
|
-$7.30
|
$135.77
|
-10.04%
|
$106.07
|
15.15%
|
|
|
|
WECC Mid C On Peak
|
Feb-26
|
$24.50
|
$27.52
|
-10.97%
|
-$3.02
|
$46.62
|
-47.45%
|
$78.43
|
-68.76%
|
|
|
|
NYISO Zone G On Peak
|
Feb-26
|
$103.29
|
$108.53
|
-4.83%
|
-$5.24
|
$121.94
|
-15.30%
|
$86.43
|
19.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/26
|
1/12/26
|
% Change
|
Change
|
12/12/25
|
% Change
|
1/13/25
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Feb-26
|
$3.419
|
$3.409
|
0.29%
|
$0.01
|
$3.81
|
-10.24%
|
$4.42
|
-22.59%
|
|
|
|
Houston Ship Channel
|
Feb-26
|
-$0.388
|
-$0.421
|
-7.80%
|
$0.03
|
-$0.20
|
92.22%
|
-$0.05
|
650.29%
|
|
|
|
Chicago
|
Feb-26
|
$0.188
|
$0.198
|
5.49%
|
-$0.01
|
$0.47
|
-59.82%
|
$0.84
|
-77.81%
|
|
|
|
Waha
|
Feb-26
|
-$3.089
|
-$3.005
|
-2.80%
|
-$0.08
|
-$1.86
|
66.02%
|
-$0.74
|
320.05%
|
|
|
|
Algonquin
|
Feb-26
|
$9.410
|
$9.201
|
2.27%
|
$0.21
|
$10.15
|
-7.29%
|
$8.73
|
7.83%
|
|
|
|
Aeco
|
Feb-26
|
-$1.781
|
-$1.510
|
17.95%
|
-$0.27
|
-$1.43
|
24.27%
|
-$2.00
|
-10.78%
|
|
|
|
Socal
|
Feb-26
|
-$0.998
|
-$0.792
|
25.96%
|
-$0.21
|
-$0.21
|
379.34%
|
$0.93
|
-206.70%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/26
|
1/12/26
|
% Change
|
Change
|
12/12/25
|
% Change
|
1/13/25
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-26
|
$0.641
|
$0.630
|
1.73%
|
$0.01
|
$0.65
|
-1.00%
|
$0.79
|
-18.93%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-26
|
$0.620
|
$0.610
|
1.60%
|
$0.01
|
$0.65
|
-4.34%
|
$0.80
|
-22.31%
|
|
|
|
Mt. Belview Ethane
|
Feb-26
|
$0.212
|
$0.214
|
-0.63%
|
$0.00
|
$0.26
|
-17.20%
|
$0.29
|
-27.17%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-26
|
$1.257
|
$1.227
|
2.43%
|
$0.03
|
$1.19
|
5.31%
|
$1.44
|
-12.64%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-26
|
$0.709
|
$0.719
|
-1.35%
|
-$0.01
|
$0.81
|
-12.28%
|
$0.93
|
-23.65%
|
|
|
|
Far East Propane
|
Feb-26
|
$5.252
|
$5.152
|
1.95%
|
$0.10
|
$4.97
|
5.64%
|
$5.70
|
-7.93%
|
|
|
|
Saudi Propane
|
Feb-26
|
$5.298
|
$5.190
|
2.06%
|
$0.11
|
$5.01
|
5.67%
|
$5.50
|
-3.65%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/26
|
1/12/26
|
% Change
|
Change
|
12/12/25
|
% Change
|
1/13/25
|
% Change
|
|
|
|
WTI
|
Mar-26
|
$60.93
|
$59.32
|
2.64%
|
$1.61
|
$57.08
|
6.74%
|
$68.74
|
-11.36%
|
|
|
|
Brent
|
Mar-26
|
$65.47
|
$63.87
|
2.44%
|
$1.60
|
$60.84
|
7.61%
|
$72.79
|
-10.06%
|
|
|
|
WCS
|
Mar-26
|
-$14.72
|
-$15.06
|
-2.31%
|
$0.34
|
-$13.81
|
6.64%
|
-$15.65
|
-5.92%
|
|
|
|
LLS
|
Mar-26
|
$61.96
|
$60.38
|
2.55%
|
$1.58
|
$58.96
|
5.10%
|
$71.18
|
-12.95%
|
|
|
|
Mars
|
Mar-26
|
$58.44
|
$56.62
|
3.11%
|
$1.82
|
$55.40
|
5.48%
|
$68.58
|
-14.79%
|
|
|
|
Sour
|
Mar-26
|
$61.07
|
$59.07
|
3.28%
|
$2.00
|
$57.41
|
6.38%
|
$69.25
|
-11.80%
|
|
|
|
ESPO
|
Mar-26
|
$63.47
|
$61.87
|
2.52%
|
$1.60
|
$58.84
|
7.87%
|
$70.79
|
-10.34%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/26
|
1/12/26
|
% Change
|
Change
|
12/12/25
|
% Change
|
1/13/25
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-26
|
$2.24
|
$2.15
|
3.81%
|
$0.08
|
$2.19
|
1.96%
|
$2.34
|
-4.32%
|
|
|
|
NY Gasoline
|
Feb-26
|
$1.83
|
$1.79
|
1.90%
|
$0.03
|
$1.76
|
3.81%
|
$1.95
|
-6.26%
|
|
|
|
GC Gasoline
|
Feb-26
|
$1.69
|
$1.65
|
2.06%
|
$0.03
|
$1.62
|
4.14%
|
$1.85
|
-8.76%
|
|
|
|
GC Jet
|
Feb-26
|
$2.07
|
$1.98
|
4.39%
|
$0.09
|
$1.89
|
9.18%
|
$2.17
|
-4.48%
|
|
|
|
Chicago Ethanol
|
Feb-26
|
$1.54
|
$1.56
|
-0.96%
|
-$0.01
|
$1.61
|
-4.04%
|
$1.64
|
-6.02%
|
|
|
|
Rotterdam Gasoil
|
Feb-26
|
$593.26
|
$582.75
|
1.80%
|
$10.51
|
$564.90
|
5.02%
|
$624.61
|
-5.02%
|
|
|
|
Singapore Jet Kero
|
Feb-26
|
$83.75
|
$80.30
|
4.29%
|
$3.45
|
$81.69
|
2.52%
|
$91.11
|
-8.08%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/26
|
1/12/26
|
% Change
|
Change
|
12/12/25
|
% Change
|
1/13/25
|
% Change
|
|
|
|
Henry Hub Straddle
|
Feb-26
|
82.89%
|
73.87%
|
12.21%
|
9.02%
|
75.35%
|
10.01%
|
49.01%
|
69.13%
|
|
|
|
Algonquin Straddle
|
Feb-26
|
89.13%
|
81.11%
|
9.89%
|
8.02%
|
75.63%
|
17.85%
|
89.86%
|
-0.81%
|
|
|
|
Waha Straddle
|
Feb-26
|
477.71%
|
469.18%
|
1.82%
|
8.53%
|
116.36%
|
310.54%
|
84.09%
|
468.09%
|
|
|
|
Chicago Straddle
|
Feb-26
|
79.95%
|
70.50%
|
13.40%
|
9.45%
|
77.62%
|
3.00%
|
50.08%
|
59.64%
|
|
|
|
PJM West Straddle
|
Feb-26
|
91.71%
|
99.42%
|
-7.75%
|
-7.71%
|
85.69%
|
7.03%
|
71.58%
|
28.12%
|
|
|
|
SP – 15 Straddle
|
Feb-26
|
335.19%
|
299.91%
|
11.76%
|
35.28%
|
179.97%
|
86.25%
|
65.84%
|
409.10%
|
|
|
|
Mid. C Straddle
|
Feb-26
|
70.85%
|
48.91%
|
44.86%
|
21.94%
|
31.18%
|
127.23%
|
55.46%
|
27.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/26
|
1/12/26
|
% Change
|
Change
|
12/12/25
|
% Change
|
1/13/25
|
% Change
|
|
|
|
Dutch TTF
|
Feb-26
|
EUR 31.13
|
EUR 30.59
|
1.76%
|
EUR 0.54
|
EUR 27.37
|
13.71%
|
EUR 44.59
|
-30.19%
|
|
|
|
NBP
|
Feb-26
|
GBP 81.13
|
GBP 79.28
|
2.33%
|
GBP 1.85
|
GBP 71.16
|
14.01%
|
GBP 118.34
|
-31.45%
|
|
|
|
German Base
|
Feb-26
|
EUR 109.86
|
EUR 106.79
|
2.87%
|
EUR 3.06
|
EUR 97.76
|
12.37%
|
EUR 109.75
|
0.09%
|
|
|
|
UK Base
|
Feb-26
|
GBP 89.18
|
GBP 86.53
|
3.07%
|
GBP 2.65
|
GBP 79.39
|
12.32%
|
GBP 96.32
|
-7.41%
|
|
|
|
French Base
|
Feb-26
|
EUR 89.81
|
EUR 83.30
|
7.82%
|
EUR 6.51
|
EUR 71.12
|
26.28%
|
EUR 98.42
|
-8.75%
|
|
|
|
Italian Base
|
Feb-26
|
EUR 125.24
|
EUR 122.39
|
2.33%
|
EUR 2.85
|
EUR 109.74
|
14.12%
|
EUR 129.12
|
-3.01%
|
|
|
|
JKM LNG
|
Feb-26
|
$9.63
|
$10.08
|
-4.43%
|
-$0.45
|
$9.75
|
-1.24%
|
$13.87
|
-30.57%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/13/26
|
1/12/26
|
% Change
|
Change
|
12/12/25
|
% Change
|
1/13/25
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Feb-26
|
$31.13
|
$30.59
|
1.76%
|
$0.54
|
$27.37
|
13.71%
|
$44.59
|
-30.19%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Feb-26
|
$81.13
|
$79.28
|
2.33%
|
$1.85
|
$71.16
|
14.01%
|
$118.34
|
-31.45%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Feb-26
|
$109.86
|
$106.79
|
2.87%
|
$3.06
|
$97.76
|
12.37%
|
$109.75
|
0.09%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Feb-26
|
$89.18
|
$86.53
|
3.07%
|
$2.65
|
$79.39
|
12.32%
|
$96.32
|
-7.41%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Feb-26
|
$89.81
|
$83.30
|
7.82%
|
$6.51
|
$71.12
|
26.28%
|
$98.42
|
-8.75%
|
|
|
|
Supramax Timecharter (DRY)
|
Feb-26
|
$125.24
|
$122.39
|
2.33%
|
$2.85
|
$109.74
|
14.12%
|
$129.12
|
-3.01%
|
|
|
|
Capesize Timecharter (DRY)
|
Feb-26
|
$9.63
|
$10.08
|
-4.43%
|
-$0.45
|
$9.75
|
-1.24%
|
$13.87
|
-30.57%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/10/2026
|
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
|
9
|
1
|
9
|
10
|
-1
|
7
|
NA
|
NA
|
|
|
|
E S Central
|
0
|
-2
|
0
|
0
|
-3
|
0
|
NA
|
NA
|
|
|
|
W S Central
|
11
|
8
|
9
|
13
|
9
|
11
|
NA
|
NA
|
|
|
|
Mountain
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
United States
|
3
|
1
|
3
|
3
|
0
|
3
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/10/2026
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
253
|
-26
|
-40
|
2,866
|
7
|
262
|
0.00%
|
10.00%
|
|
|
|
Middle Atlantic
|
208
|
-51
|
-76
|
2,498
|
-61
|
246
|
-2.00%
|
11.00%
|
|
|
|
E N Central
|
196
|
-97
|
-126
|
2,713
|
-176
|
236
|
-6.00%
|
10.00%
|
|
|
|
W N Central
|
206
|
-110
|
-144
|
2,633
|
-512
|
-20
|
-16.00%
|
-1.00%
|
|
|
|
South Atlantic
|
86
|
-59
|
-105
|
1,200
|
-89
|
19
|
-7.00%
|
2.00%
|
|
|
|
E S Central
|
89
|
-98
|
-147
|
1,431
|
-245
|
16
|
-15.00%
|
1.00%
|
|
|
|
W S Central
|
53
|
-84
|
-121
|
735
|
-365
|
-70
|
-33.00%
|
-9.00%
|
|
|
|
Mountain
|
188
|
-32
|
-35
|
1,806
|
-655
|
-269
|
-27.00%
|
-13.00%
|
|
|
|
Pacific
|
128
|
-4
|
20
|
1,107
|
-335
|
-138
|
-23.00%
|
-11.00%
|
|
|
|
United States
|
147
|
-61
|
-84
|
1,797
|
-238
|
43
|
-12.00%
|
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
