Prices as of 7:02 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.170

$3.128

1.34%

$0.042

27,273

 

 

WTI

$60.04

$59.19

1.44%

$0.85

10,215

 

 

Brent

$64.64

$63.76

1.38%

$0.88

11,633

 

 

ULSD

$2.247

$2.208

1.74%

$0.038

2,431

 

 

RBOB

$1.798

$1.784

0.80%

$0.014

2,191

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.70

$4.68

0.43%

$0.02

Mar-26

 

 

3:2:1 Crack

$22.49

$22.35

0.65%

$0.15

Feb-26

 

 

PJM West Spark

$47.38

$47.46

-0.16%

-$0.08

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

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

01/15/21

 

 

 

1/9/26

1/2/26

Net Change

% Change

1/10/25

% Change

5 Year Avg.

% Change

 

 

East

664

697

-33

-4.73%

669

-0.75%

679

-2.18%

 

 

Midwest

790

821

-31

-3.78%

808

-2.23%

813

-2.81%

 

 

Mountain

251

256

-5

-1.95%

240

4.58%

184

36.12%

 

 

Pacific

302

304

-2

-0.66%

283

6.71%

235

28.73%

 

 

South

1,178

1,178

0

0.00%

1,114

5.75%

1,076

9.46%

 

 

    Salt

355

343

12

3.50%

326

8.90%

314

13.13%

 

 

    Non_Salt

823

835

-12

-1.44%

788

4.44%

762

7.95%

 

 

Total

3,185

3,256

-71

-2.18%

3,115

2.25%

2,987

6.62%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/15/26

1/14/26

% Change

Change

12/16/25

% Change

1/15/25

% Change

 

 

PJM West On Peak

Feb-26

$54.16

$54.15

0.01%

$0.01

$69.05

-21.57%

$63.56

-14.79%

 

 

ERCOT North On Peak

Feb-26

$34.22

$39.29

-12.92%

-$5.08

$52.68

-35.06%

$73.16

-53.24%

 

 

CAISO SP 15 On Peak

Feb-26

$18.95

$19.50

-2.84%

-$0.55

$27.94

-32.19%

$50.19

-62.25%

 

 

MISO Indiana On Peak

Feb-26

$43.03

$45.36

-5.14%

-$2.33

$56.90

-24.37%

$54.03

-20.35%

 

 

NEISO Mass On Peak

Feb-26

$111.46

$114.37

-2.54%

-$2.91

$134.94

-17.40%

$108.87

2.38%

 

 

WECC Mid C On Peak

Feb-26

$21.75

$23.50

-7.45%

-$1.75

$38.20

-43.06%

$77.40

-71.90%

 

 

NYISO Zone G On Peak

Feb-26

$93.89

$88.41

6.20%

$5.48

$120.51

-22.09%

$85.51

9.80%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/15/26

1/14/26

% Change

Change

12/16/25

% Change

1/15/25

% Change

 

 

NYMEX Henry Hub

Feb-26

$3.128

$3.120

0.26%

$0.01

$3.65

-14.32%

$4.48

-30.24%

 

 

Houston Ship Channel

Feb-26

-$0.404

-$0.331

22.10%

-$0.07

-$0.28

46.84%

-$0.04

961.42%

 

 

Chicago

Feb-26

$0.175

$0.236

34.92%

-$0.06

$0.41

-57.07%

$0.84

-79.21%

 

 

Waha

Feb-26

-$3.018

-$2.837

-6.37%

-$0.18

-$2.01

50.13%

-$0.76

299.63%

 

 

Algonquin

Feb-26

$8.985

$8.760

2.57%

$0.23

$9.99

-10.07%

$8.78

2.29%

 

 

Aeco

Feb-26

-$1.470

-$1.613

-8.89%

$0.14

-$1.52

-3.20%

-$2.19

-32.91%

 

 

Socal

Feb-26

-$0.937

-$0.883

6.21%

-$0.05

-$0.28

235.74%

$0.94

-199.62%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/15/26

1/14/26

% Change

Change

12/16/25

% Change

1/15/25

% Change

 

 

Mt. Belvieu Propane LST

Feb-26

$0.613

$0.641

-4.41%

-$0.03

$0.65

-5.77%

$0.79

-22.88%

 

 

Mt. Belvieu Propane non LST

Feb-26

$0.600

$0.620

-3.18%

-$0.02

$0.63

-4.73%

$0.80

-24.76%

 

 

Mt. Belview Ethane

Feb-26

$0.195

$0.212

-8.27%

-$0.02

$0.26

-24.32%

$0.29

-32.70%

 

 

Mt. Belview Nat. Gasoline

Feb-26

$1.217

$1.257

-3.21%

-$0.04

$1.15

5.52%

$1.45

-15.97%

 

 

Mt. Belvieu Butane LST

Feb-26

$0.708

$0.709

-0.21%

$0.00

$0.79

-10.79%

$0.93

-23.69%

 

 

Far East Propane

Feb-26

$5.207

$5.252

-0.86%

-$0.05

$4.89

6.42%

$5.75

-9.38%

 

 

Saudi Propane

Feb-26

$5.274

$5.298

-0.44%

-$0.02

$4.95

6.49%

$5.50

-4.14%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/15/26

1/14/26

% Change

Change

12/16/25

% Change

1/15/25

% Change

 

 

WTI

Mar-26

$59.08

$61.88

-4.74%

-$2.80

$55.05

7.32%

$69.69

-15.22%

 

 

Brent

Mar-26

$63.76

$66.52

-4.33%

-$2.76

$58.67

8.68%

$73.60

-13.37%

 

 

WCS

Mar-26

-$13.32

-$14.83

-11.35%

$1.51

-$12.30

8.28%

-$16.80

-20.71%

 

 

LLS

Mar-26

$60.05

$60.07

-0.02%

-$0.01

$56.60

6.11%

$70.96

-15.38%

 

 

Mars

Mar-26

$57.22

$59.40

-3.80%

-$2.18

$53.89

6.18%

$68.46

-16.42%

 

 

Sour

Mar-26

$59.01

$61.48

-4.19%

-$2.47

$55.24

6.81%

$69.13

-14.65%

 

 

ESPO

Mar-26

$61.76

$64.52

-4.47%

-$2.76

$56.67

8.98%

$71.60

-13.74%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/15/26

1/14/26

% Change

Change

12/16/25

% Change

1/15/25

% Change

 

 

NY Heating Oil

Feb-26

$2.20

$2.20

0.18%

$0.00

$2.12

4.01%

$2.39

-7.74%

 

 

NY Gasoline

Feb-26

$1.78

$1.78

-0.17%

$0.00

$1.72

3.49%

$1.96

-8.95%

 

 

GC Gasoline

Feb-26

$1.64

$1.64

-0.18%

$0.00

$1.58

3.80%

$1.86

-11.59%

 

 

GC Jet

Feb-26

$2.03

$2.05

-1.02%

-$0.02

$1.90

6.84%

$2.22

-8.72%

 

 

Chicago Ethanol

Feb-26

$1.52

$1.53

-0.46%

-$0.01

$1.60

-4.57%

$1.65

-7.35%

 

 

Rotterdam Gasoil

Feb-26

$577.17

$588.71

-1.96%

-$11.54

$549.89

4.96%

$640.13

-9.83%

 

 

Singapore Jet Kero

Feb-26

$82.54

$82.76

-0.28%

-$0.23

$78.95

4.54%

$90.18

-8.48%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/15/26

1/14/26

% Change

Change

12/16/25

% Change

1/15/25

% Change

 

 

Henry Hub Straddle

Mar-26

68.02%

75.46%

-9.86%

-7.44%

67.54%

0.71%

46.05%

47.71%

 

 

Algonquin Straddle

Mar-26

96.43%

98.85%

-2.45%

-2.42%

86.03%

12.09%

85.62%

12.63%

 

 

Waha Straddle

Mar-26

1343.90%

1387.47%

-3.14%

-43.57%

1100.03%

22.17%

107.48%

1150.37%

 

 

Chicago Straddle

Mar-26

71.61%

79.93%

-10.41%

-8.32%

72.99%

-1.89%

52.71%

35.86%

 

 

PJM West Straddle

Mar-26

49.84%

48.45%

2.87%

1.39%

52.19%

-4.50%

46.79%

6.52%

 

 

SP – 15 Straddle

Mar-26

197.42%

210.72%

-6.31%

-13.30%

212.13%

-6.93%

201.09%

-1.83%

 

 

Mid. C Straddle

Mar-26

64.31%

79.53%

-19.14%

-15.22%

19.30%

233.21%

69.71%

-7.75%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/15/26

1/14/26

% Change

Change

12/16/25

% Change

1/15/25

% Change

 

 

Dutch TTF

Mar-26

EUR 32.78

EUR 31.31

4.69%

EUR 1.47

EUR 26.47

23.83%

EUR 42.44

-22.78%

 

 

NBP

Mar-26

GBP 80.31

GBP 76.64

4.78%

GBP 3.67

GBP 66.39

20.96%

GBP 112.21

-28.43%

 

 

German Base

Mar-26

EUR 93.47

EUR 91.78

1.84%

EUR 1.69

EUR 82.64

13.10%

EUR 97.24

-3.87%

 

 

UK Base

Mar-26

GBP 82.95

GBP 81.40

1.90%

GBP 1.55

GBP 69.14

19.97%

GBP 90.69

-8.54%

 

 

French Base

Mar-26

EUR 72.20

EUR 66.08

9.26%

EUR 6.12

EUR 58.61

23.19%

EUR 82.27

-12.24%

 

 

Italian Base

Mar-26

EUR 115.06

EUR 109.13

5.43%

EUR 5.93

EUR 101.62

13.22%

EUR 115.00

0.05%

 

 

JKM LNG

Mar-26

$9.73

$9.80

-0.72%

-$0.07

$9.49

2.49%

$14.25

-31.73%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

1/15/26

1/14/26

% Change

Change

12/16/25

% Change

1/15/25

% Change

 

 

TD3C FFA Middle East to China (WET)

Mar-26

$32.78

$31.31

4.69%

$1.47

$26.47

23.83%

$42.44

-22.78%

 

 

USGC-UK Continent Dirty (WET)

Mar-26

$80.31

$76.64

4.78%

$3.67

$66.39

20.96%

$112.21

-28.43%

 

 

TD20 West Africa to UK Continent (WET)

Mar-26

$93.47

$91.78

1.84%

$1.69

$82.64

13.10%

$97.24

-3.87%

 

 

LPG FFA Middle East Gulf to East (WET)

Mar-26

$82.95

$81.40

1.90%

$1.55

$69.14

19.97%

$90.69

-8.54%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Mar-26

$72.20

$66.08

9.26%

$6.12

$58.61

23.19%

$82.27

-12.24%

 

 

Supramax Timecharter (DRY)

Mar-26

$115.06

$109.13

5.43%

$5.93

$101.62

13.22%

$115.00

0.05%

 

 

Capesize Timecharter (DRY)

Mar-26

$9.73

$9.80

-0.72%

-$0.07

$9.49

2.49%

$14.25

-31.73%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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