|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:29 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$4.665
|
$4.875
|
-4.31%
|
-$0.210
|
133,785
|
|
|
|
WTI
|
$60.50
|
$60.62
|
-0.20%
|
-$0.12
|
106,808
|
|
|
|
Brent
|
$65.02
|
$65.24
|
-0.34%
|
-$0.22
|
22,640
|
|
|
|
ULSD
|
$2.401
|
$2.431
|
-1.20%
|
-$0.029
|
12,595
|
|
|
|
RBOB
|
$1.834
|
$1.857
|
-1.29%
|
-$0.024
|
2,245
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$4.43
|
$4.62
|
-4.11%
|
-$0.19
|
Mar-26
|
|
|
|
3:2:1 Crack
|
$24.52
|
$25.03
|
-2.04%
|
-$0.51
|
Mar-26
|
|
|
|
PJM West Spark
|
$75.17
|
$59.10
|
27.19%
|
$16.07
|
Feb-26
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
01/16/26
|
543
|
-1
|
-37
|
01/17/25
|
|
|
|
Canada
|
01/16/26
|
226
|
29
|
-3
|
01/17/25
|
|
|
|
International
|
Dec-2025
|
1065
|
-8
|
-49
|
Dec-2024
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 1/13/2026
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
123,122
|
122,789
|
122,595
|
194
|
|
|
|
PJM West Off Peak
|
115,700
|
115,311
|
115,171
|
140
|
|
|
|
Natural Gas Henry Hub
|
354,480
|
340,573
|
333,819
|
6,754
|
|
|
|
WTI – Light Sweet Crude Futures
|
163,182
|
126,794
|
125,890
|
904
|
|
|
|
Brent Crude Last Day
|
278,464
|
270,071
|
273,165
|
-3,094
|
|
|
|
NYM Ethanol
|
36,112
|
35,458
|
35,415
|
43
|
|
|
|
Mt Belvieu LDH Propane Swap
|
129,147
|
128,475
|
128,842
|
-367
|
|
|
|
RBOB
|
452,923
|
426,553
|
433,163
|
-6,610
|
|
|
|
HSC Basis
|
756,345
|
750,728
|
751,068
|
-340
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/15/21
|
|
|
|
|
|
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
|
1/21/26
|
1/20/26
|
% Change
|
Change
|
12/19/25
|
% Change
|
1/21/25
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-26
|
$85.56
|
$69.53
|
23.05%
|
$16.03
|
$69.34
|
23.39%
|
$63.46
|
34.83%
|
|
|
|
ERCOT North On Peak
|
Feb-26
|
$58.78
|
$44.34
|
32.57%
|
$14.44
|
$54.42
|
8.01%
|
$71.38
|
-17.66%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-26
|
$28.75
|
$22.25
|
29.21%
|
$6.50
|
$29.34
|
-2.01%
|
$49.19
|
-41.55%
|
|
|
|
MISO Indiana On Peak
|
Feb-26
|
$60.05
|
$53.67
|
11.90%
|
$6.38
|
$53.93
|
11.34%
|
$53.78
|
11.67%
|
|
|
|
NEISO Mass On Peak
|
Feb-26
|
$158.66
|
$138.84
|
14.28%
|
$19.82
|
$134.62
|
17.86%
|
$107.80
|
47.18%
|
|
|
|
WECC Mid C On Peak
|
Feb-26
|
$33.50
|
$27.22
|
23.07%
|
$6.28
|
$36.60
|
-8.46%
|
$76.02
|
-55.93%
|
|
|
|
NYISO Zone G On Peak
|
Feb-26
|
$141.16
|
$119.93
|
17.70%
|
$21.22
|
$120.01
|
17.62%
|
$85.17
|
65.74%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/21/26
|
1/20/26
|
% Change
|
Change
|
12/19/25
|
% Change
|
1/21/25
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Feb-26
|
$4.875
|
$3.907
|
24.78%
|
$0.97
|
$3.67
|
32.98%
|
$4.45
|
9.60%
|
|
|
|
Houston Ship Channel
|
Feb-26
|
-$0.424
|
-$0.618
|
-31.39%
|
$0.19
|
-$0.27
|
60.05%
|
-$0.04
|
893.68%
|
|
|
|
Chicago
|
Feb-26
|
$0.725
|
$0.368
|
-49.31%
|
$0.36
|
$0.46
|
58.68%
|
$0.83
|
-12.46%
|
|
|
|
Waha
|
Feb-26
|
-$2.970
|
-$3.100
|
-4.19%
|
$0.13
|
-$2.29
|
29.68%
|
-$0.72
|
312.33%
|
|
|
|
Algonquin
|
Feb-26
|
$11.308
|
$9.602
|
17.76%
|
$1.71
|
$10.21
|
10.78%
|
$8.78
|
28.73%
|
|
|
|
Aeco
|
Feb-26
|
-$2.977
|
-$2.078
|
43.27%
|
-$0.90
|
-$1.53
|
94.15%
|
-$2.30
|
29.34%
|
|
|
|
Socal
|
Feb-26
|
-$1.587
|
-$1.354
|
17.24%
|
-$0.23
|
-$0.39
|
307.21%
|
$0.97
|
-262.82%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/21/26
|
1/20/26
|
% Change
|
Change
|
12/19/25
|
% Change
|
1/21/25
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-26
|
$0.673
|
$0.632
|
6.46%
|
$0.04
|
$0.64
|
5.20%
|
$0.79
|
-14.46%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-26
|
$0.672
|
$0.626
|
7.28%
|
$0.05
|
$0.63
|
6.75%
|
$0.76
|
-12.03%
|
|
|
|
Mt. Belview Ethane
|
Feb-26
|
$0.243
|
$0.224
|
8.55%
|
$0.02
|
$0.26
|
-4.83%
|
$0.28
|
-14.69%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-26
|
$1.247
|
$1.235
|
1.01%
|
$0.01
|
$1.17
|
6.63%
|
$1.41
|
-11.82%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-26
|
$0.780
|
$0.748
|
4.21%
|
$0.03
|
$0.78
|
0.16%
|
$0.90
|
-13.83%
|
|
|
|
Far East Propane
|
Feb-26
|
$5.505
|
$5.319
|
3.50%
|
$0.19
|
$4.90
|
12.27%
|
$5.72
|
-3.82%
|
|
|
|
Saudi Propane
|
Feb-26
|
$5.378
|
$5.318
|
1.12%
|
$0.06
|
$4.91
|
9.44%
|
$5.55
|
-3.13%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/21/26
|
1/20/26
|
% Change
|
Change
|
12/19/25
|
% Change
|
1/21/25
|
% Change
|
|
|
|
WTI
|
Mar-26
|
$60.62
|
$60.36
|
0.43%
|
$0.26
|
$56.36
|
7.56%
|
$68.75
|
-11.83%
|
|
|
|
Brent
|
Mar-26
|
$65.24
|
$64.92
|
0.49%
|
$0.32
|
$60.05
|
8.64%
|
$72.62
|
-10.16%
|
|
|
|
WCS
|
Mar-26
|
-$14.75
|
-$13.67
|
7.34%
|
-$1.08
|
-$12.97
|
13.76%
|
-$19.00
|
-22.37%
|
|
|
|
LLS
|
Mar-26
|
$61.35
|
$60.51
|
1.38%
|
$0.85
|
$58.00
|
5.78%
|
$70.79
|
-13.33%
|
|
|
|
Mars
|
Mar-26
|
$58.30
|
$57.35
|
1.63%
|
$0.95
|
$55.32
|
5.38%
|
$68.44
|
-14.82%
|
|
|
|
Sour
|
Mar-26
|
$60.41
|
$59.42
|
1.64%
|
$0.99
|
$56.60
|
6.74%
|
$68.92
|
-12.35%
|
|
|
|
ESPO
|
Mar-26
|
$63.24
|
$62.92
|
0.51%
|
$0.32
|
$58.05
|
8.94%
|
$70.62
|
-10.45%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/21/26
|
1/20/26
|
% Change
|
Change
|
12/19/25
|
% Change
|
1/21/25
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-26
|
$2.41
|
$2.31
|
4.33%
|
$0.10
|
$2.13
|
13.10%
|
$2.32
|
4.02%
|
|
|
|
NY Gasoline
|
Feb-26
|
$1.86
|
$1.82
|
1.98%
|
$0.04
|
$1.71
|
8.54%
|
$1.93
|
-3.93%
|
|
|
|
GC Gasoline
|
Feb-26
|
$1.72
|
$1.68
|
2.14%
|
$0.04
|
$1.57
|
9.30%
|
$1.83
|
-6.33%
|
|
|
|
GC Jet
|
Feb-26
|
$2.30
|
$2.12
|
8.73%
|
$0.18
|
$1.73
|
33.49%
|
$2.12
|
8.63%
|
|
|
|
Chicago Ethanol
|
Feb-26
|
$1.58
|
$1.59
|
-0.50%
|
-$0.01
|
$1.60
|
-0.94%
|
$1.59
|
-0.75%
|
|
|
|
Rotterdam Gasoil
|
Feb-26
|
$587.23
|
$577.25
|
1.73%
|
$9.98
|
$545.90
|
7.57%
|
$609.31
|
-3.62%
|
|
|
|
Singapore Jet Kero
|
Feb-26
|
$84.80
|
$84.99
|
-0.23%
|
-$0.19
|
$78.25
|
8.37%
|
$89.94
|
-5.72%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/21/26
|
1/20/26
|
% Change
|
Change
|
12/19/25
|
% Change
|
1/21/25
|
% Change
|
|
|
|
Henry Hub Straddle
|
Mar-26
|
64.58%
|
55.54%
|
16.28%
|
9.04%
|
65.73%
|
-1.75%
|
50.87%
|
26.95%
|
|
|
|
Algonquin Straddle
|
Mar-26
|
66.45%
|
65.77%
|
1.03%
|
0.68%
|
86.07%
|
-22.80%
|
84.98%
|
-21.81%
|
|
|
|
Waha Straddle
|
Mar-26
|
1443.72%
|
1260.62%
|
14.52%
|
183.10%
|
1989.87%
|
-27.45%
|
116.61%
|
1138.08%
|
|
|
|
Chicago Straddle
|
Mar-26
|
76.64%
|
63.58%
|
20.54%
|
13.06%
|
70.41%
|
8.85%
|
55.04%
|
39.24%
|
|
|
|
PJM West Straddle
|
Mar-26
|
53.68%
|
58.85%
|
-8.79%
|
-5.17%
|
53.03%
|
1.23%
|
47.67%
|
12.61%
|
|
|
|
SP – 15 Straddle
|
Mar-26
|
214.74%
|
201.66%
|
6.49%
|
13.08%
|
218.00%
|
-1.50%
|
208.26%
|
3.11%
|
|
|
|
Mid. C Straddle
|
Mar-26
|
134.98%
|
105.03%
|
28.52%
|
29.95%
|
0.00%
|
#DIV/0!
|
71.71%
|
88.23%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/21/26
|
1/20/26
|
% Change
|
Change
|
12/19/25
|
% Change
|
1/21/25
|
% Change
|
|
|
|
Dutch TTF
|
Mar-26
|
EUR 37.72
|
EUR 33.28
|
13.36%
|
EUR 4.45
|
EUR 27.66
|
36.37%
|
EUR 42.99
|
-12.27%
|
|
|
|
NBP
|
Mar-26
|
GBP 92.91
|
GBP 81.07
|
14.61%
|
GBP 11.84
|
GBP 69.33
|
34.02%
|
GBP 114.75
|
-19.03%
|
|
|
|
German Base
|
Mar-26
|
EUR 100.36
|
EUR 92.17
|
8.89%
|
EUR 8.19
|
EUR 84.80
|
18.35%
|
EUR 98.58
|
1.80%
|
|
|
|
UK Base
|
Mar-26
|
GBP 83.75
|
GBP 85.13
|
-1.62%
|
-GBP 1.38
|
GBP 73.76
|
13.54%
|
GBP 90.60
|
-7.56%
|
|
|
|
French Base
|
Mar-26
|
EUR 76.57
|
EUR 71.83
|
6.60%
|
EUR 4.74
|
EUR 59.47
|
28.75%
|
EUR 84.30
|
-9.16%
|
|
|
|
Italian Base
|
Mar-26
|
EUR 125.51
|
EUR 117.55
|
6.77%
|
EUR 7.96
|
EUR 103.72
|
21.00%
|
EUR 117.13
|
7.15%
|
|
|
|
JKM LNG
|
Mar-26
|
$11.56
|
$11.15
|
3.66%
|
$0.41
|
$9.72
|
18.93%
|
$14.49
|
-20.20%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/21/26
|
1/20/26
|
% Change
|
Change
|
12/19/25
|
% Change
|
1/21/25
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Mar-26
|
$37.72
|
$33.28
|
13.36%
|
$4.45
|
$27.66
|
36.37%
|
$42.99
|
-12.27%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Mar-26
|
$92.91
|
$81.07
|
14.61%
|
$11.84
|
$69.33
|
34.02%
|
$114.75
|
-19.03%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Mar-26
|
$100.36
|
$92.17
|
8.89%
|
$8.19
|
$84.80
|
18.35%
|
$98.58
|
1.80%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Mar-26
|
$83.75
|
$85.13
|
-1.62%
|
-$1.38
|
$73.76
|
13.54%
|
$90.60
|
-7.56%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Mar-26
|
$76.57
|
$71.83
|
6.60%
|
$4.74
|
$59.47
|
28.75%
|
$84.30
|
-9.16%
|
|
|
|
Supramax Timecharter (DRY)
|
Mar-26
|
$125.51
|
$117.55
|
6.77%
|
$7.96
|
$103.72
|
21.00%
|
$117.13
|
7.15%
|
|
|
|
Capesize Timecharter (DRY)
|
Mar-26
|
$11.56
|
$11.15
|
3.66%
|
$0.41
|
$9.72
|
18.93%
|
$14.49
|
-20.20%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/17/2026
|
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
|
3
|
13
|
-6
|
11
|
NA
|
NA
|
|
|
|
E S Central
|
0
|
-2
|
0
|
0
|
-5
|
0
|
NA
|
NA
|
|
|
|
W S Central
|
0
|
-3
|
0
|
13
|
6
|
11
|
NA
|
NA
|
|
|
|
Mountain
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
-1
|
0
|
0
|
-1
|
0
|
NA
|
NA
|
|
|
|
United States
|
1
|
-1
|
1
|
4
|
-1
|
3
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/17/2026
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
223
|
-60
|
-56
|
3,089
|
-53
|
206
|
-2.00%
|
7.00%
|
|
|
|
Middle Atlantic
|
224
|
-39
|
-43
|
2,722
|
-100
|
202
|
-4.00%
|
8.00%
|
|
|
|
E N Central
|
260
|
-37
|
-44
|
2,973
|
-213
|
192
|
-7.00%
|
7.00%
|
|
|
|
W N Central
|
261
|
-57
|
-43
|
2,894
|
-569
|
-64
|
-16.00%
|
-2.00%
|
|
|
|
South Atlantic
|
146
|
-1
|
-26
|
1,345
|
-91
|
-7
|
-6.00%
|
-1.00%
|
|
|
|
E S Central
|
193
|
5
|
-13
|
1,625
|
-239
|
3
|
-13.00%
|
0.00%
|
|
|
|
W S Central
|
126
|
-11
|
-20
|
861
|
-375
|
-90
|
-30.00%
|
-10.00%
|
|
|
|
Mountain
|
173
|
-45
|
-55
|
1,979
|
-699
|
-324
|
-26.00%
|
-14.00%
|
|
|
|
Pacific
|
73
|
-56
|
-56
|
1,179
|
-392
|
-194
|
-25.00%
|
-14.00%
|
|
|
|
United States
|
178
|
-31
|
-39
|
1,975
|
-269
|
3
|
-12.00%
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
