|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:01 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$6.398
|
$6.954
|
-8.00%
|
-$0.556
|
648
|
|
|
|
WTI
|
$62.78
|
$62.39
|
0.63%
|
$0.39
|
92,708
|
|
|
|
Brent
|
$67.92
|
$67.57
|
0.52%
|
$0.35
|
7,907
|
|
|
|
ULSD
|
$2.651
|
$2.646
|
0.17%
|
$0.005
|
2,725
|
|
|
|
RBOB
|
$1.880
|
$1.865
|
0.80%
|
$0.015
|
962
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$5.15
|
$5.18
|
-0.58%
|
-$0.03
|
Mar-26
|
|
|
|
3:2:1 Crack
|
$24.53
|
$24.07
|
1.90%
|
$0.46
|
Mar-26
|
|
|
|
PJM West Spark
|
$112.85
|
$121.80
|
-7.35%
|
-$8.96
|
Feb-26
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
01/23/26
|
544
|
1
|
-32
|
01/24/25
|
|
|
|
Canada
|
01/23/26
|
231
|
5
|
-14
|
01/24/25
|
|
|
|
International
|
Dec-2025
|
1065
|
-8
|
-49
|
Dec-2024
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 1/20/2026
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
124,033
|
123,693
|
123,490
|
203
|
|
|
|
PJM West Off Peak
|
116,408
|
116,019
|
115,869
|
150
|
|
|
|
Natural Gas Henry Hub
|
360,188
|
346,281
|
339,527
|
6,754
|
|
|
|
WTI – Light Sweet Crude Futures
|
170,314
|
140,122
|
134,565
|
5,557
|
|
|
|
Brent Crude Last Day
|
290,494
|
281,438
|
284,701
|
-3,263
|
|
|
|
NYM Ethanol
|
39,885
|
39,155
|
39,261
|
-106
|
|
|
|
Mt Belvieu LDH Propane Swap
|
129,926
|
129,224
|
129,591
|
-367
|
|
|
|
RBOB
|
458,678
|
432,269
|
440,801
|
-8,532
|
|
|
|
HSC Basis
|
770,061
|
763,912
|
765,522
|
-1,610
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/22/21
|
|
|
|
|
|
1/16/26
|
1/9/26
|
Net Change
|
% Change
|
1/17/25
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
632
|
664
|
-32
|
-4.82%
|
613
|
3.10%
|
628
|
0.57%
|
|
|
|
Midwest
|
752
|
790
|
-38
|
-4.81%
|
744
|
1.08%
|
752
|
-0.05%
|
|
|
|
Mountain
|
242
|
251
|
-9
|
-3.59%
|
229
|
5.68%
|
175
|
38.13%
|
|
|
|
Pacific
|
300
|
302
|
-2
|
-0.66%
|
269
|
11.52%
|
225
|
33.57%
|
|
|
|
South
|
1,139
|
1,178
|
-39
|
-3.31%
|
1,037
|
9.84%
|
1,009
|
12.86%
|
|
|
|
Salt
|
343
|
355
|
-12
|
-3.38%
|
297
|
15.49%
|
289
|
18.85%
|
|
|
|
Non_Salt
|
796
|
823
|
-27
|
-3.28%
|
739
|
7.71%
|
720
|
10.52%
|
|
|
|
Total
|
3,065
|
3,185
|
-120
|
-3.77%
|
2,892
|
5.98%
|
2,790
|
9.86%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/27/26
|
1/26/26
|
% Change
|
Change
|
12/26/25
|
% Change
|
1/27/25
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-26
|
$126.52
|
$136.68
|
-7.43%
|
-$10.16
|
$68.41
|
84.93%
|
$64.13
|
97.28%
|
|
|
|
ERCOT North On Peak
|
Feb-26
|
$52.08
|
$70.10
|
-25.70%
|
-$18.02
|
$53.26
|
-2.22%
|
$68.30
|
-23.75%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-26
|
$31.85
|
$34.00
|
-6.32%
|
-$2.15
|
$27.44
|
16.05%
|
$48.64
|
-34.52%
|
|
|
|
MISO Indiana On Peak
|
Feb-26
|
$102.62
|
$89.04
|
15.25%
|
$13.58
|
$52.70
|
94.73%
|
$54.05
|
89.85%
|
|
|
|
NEISO Mass On Peak
|
Feb-26
|
$223.64
|
$209.12
|
6.94%
|
$14.51
|
$144.88
|
54.36%
|
$111.55
|
100.48%
|
|
|
|
WECC Mid C On Peak
|
Feb-26
|
$34.50
|
$36.50
|
-5.48%
|
-$2.00
|
$35.28
|
-2.20%
|
$75.10
|
-54.06%
|
|
|
|
NYISO Zone G On Peak
|
Feb-26
|
$224.04
|
$195.42
|
14.65%
|
$28.62
|
$125.65
|
78.30%
|
$89.01
|
151.69%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/27/26
|
1/26/26
|
% Change
|
Change
|
12/26/25
|
% Change
|
1/27/25
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Feb-26
|
$6.954
|
$6.800
|
2.26%
|
$0.15
|
$3.88
|
79.37%
|
$4.43
|
57.05%
|
|
|
|
Houston Ship Channel
|
Feb-26
|
-$1.106
|
-$1.180
|
-6.26%
|
$0.07
|
-$0.41
|
172.17%
|
-$0.07
|
1382.71%
|
|
|
|
Chicago
|
Feb-26
|
$2.137
|
$2.170
|
1.54%
|
-$0.03
|
$0.40
|
433.85%
|
$0.82
|
160.67%
|
|
|
|
Waha
|
Feb-26
|
-$4.580
|
-$4.692
|
-2.40%
|
$0.11
|
-$3.05
|
49.92%
|
-$0.74
|
519.05%
|
|
|
|
Algonquin
|
Feb-26
|
$32.901
|
$31.000
|
6.13%
|
$1.90
|
$10.36
|
217.54%
|
$8.93
|
268.37%
|
|
|
|
Aeco
|
Feb-26
|
-$4.766
|
-$4.871
|
-2.16%
|
$0.11
|
-$1.73
|
174.82%
|
-$2.29
|
108.13%
|
|
|
|
Socal
|
Feb-26
|
-$2.330
|
-$2.499
|
-6.76%
|
$0.17
|
-$0.58
|
300.07%
|
$0.93
|
-349.53%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/27/26
|
1/26/26
|
% Change
|
Change
|
12/26/25
|
% Change
|
1/27/25
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-26
|
$0.653
|
$0.654
|
-0.20%
|
$0.00
|
$0.65
|
0.36%
|
$0.79
|
-17.29%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-26
|
$0.652
|
$0.650
|
0.37%
|
$0.00
|
$0.64
|
2.54%
|
$0.78
|
-15.90%
|
|
|
|
Mt. Belview Ethane
|
Feb-26
|
$0.267
|
$0.270
|
-0.90%
|
$0.00
|
$0.24
|
10.13%
|
$0.28
|
-5.80%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-26
|
$1.285
|
$1.258
|
2.15%
|
$0.03
|
$1.21
|
6.24%
|
$1.39
|
-7.40%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-26
|
$0.769
|
$0.761
|
1.06%
|
$0.01
|
$0.77
|
-0.57%
|
$0.93
|
-17.07%
|
|
|
|
Far East Propane
|
Feb-26
|
$5.431
|
$5.491
|
-1.08%
|
-$0.06
|
$5.06
|
7.27%
|
$5.75
|
-5.61%
|
|
|
|
Saudi Propane
|
Feb-26
|
$5.351
|
$5.372
|
-0.40%
|
-$0.02
|
$5.06
|
5.64%
|
$5.48
|
-2.44%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/27/26
|
1/26/26
|
% Change
|
Change
|
12/26/25
|
% Change
|
1/27/25
|
% Change
|
|
|
|
WTI
|
Mar-26
|
$62.39
|
$60.63
|
2.82%
|
$1.76
|
$56.56
|
10.31%
|
$67.41
|
-7.45%
|
|
|
|
Brent
|
Mar-26
|
$67.57
|
$65.59
|
2.93%
|
$1.98
|
$60.24
|
12.17%
|
$71.23
|
-5.14%
|
|
|
|
WCS
|
Mar-26
|
-$15.60
|
-$15.25
|
2.24%
|
-$0.35
|
-$12.80
|
21.89%
|
-$16.95
|
-7.96%
|
|
|
|
LLS
|
Mar-26
|
$63.41
|
$61.65
|
2.77%
|
$1.76
|
$58.07
|
9.20%
|
$70.45
|
-9.99%
|
|
|
|
Mars
|
Mar-26
|
$58.78
|
$58.17
|
1.04%
|
$0.61
|
$56.73
|
3.61%
|
$68.05
|
-13.62%
|
|
|
|
Sour
|
Mar-26
|
$62.36
|
$60.72
|
2.62%
|
$1.64
|
$56.85
|
9.69%
|
$68.50
|
-8.96%
|
|
|
|
ESPO
|
Mar-26
|
$65.57
|
$63.59
|
3.02%
|
$1.98
|
$58.24
|
12.59%
|
$69.23
|
-5.29%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/27/26
|
1/26/26
|
% Change
|
Change
|
12/26/25
|
% Change
|
1/27/25
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-26
|
$2.64
|
$2.56
|
2.89%
|
$0.07
|
$2.11
|
25.04%
|
$2.26
|
16.84%
|
|
|
|
NY Gasoline
|
Feb-26
|
$1.86
|
$1.84
|
1.31%
|
$0.02
|
$1.76
|
5.68%
|
$1.90
|
-2.36%
|
|
|
|
GC Gasoline
|
Feb-26
|
$1.72
|
$1.70
|
1.42%
|
$0.02
|
$1.62
|
6.17%
|
$1.80
|
-4.71%
|
|
|
|
GC Jet
|
Feb-26
|
$2.21
|
$2.14
|
3.08%
|
$0.07
|
$1.87
|
18.17%
|
$2.08
|
6.55%
|
|
|
|
Chicago Ethanol
|
Feb-26
|
$1.62
|
$1.65
|
-2.11%
|
-$0.03
|
$1.61
|
0.43%
|
$1.63
|
-0.49%
|
|
|
|
Rotterdam Gasoil
|
Feb-26
|
$588.02
|
$584.74
|
0.56%
|
$3.28
|
$584.82
|
0.55%
|
$634.94
|
-7.39%
|
|
|
|
Singapore Jet Kero
|
Feb-26
|
$83.78
|
$84.93
|
-1.35%
|
-$1.15
|
$80.80
|
3.69%
|
$86.63
|
-3.29%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/27/26
|
1/26/26
|
% Change
|
Change
|
12/26/25
|
% Change
|
1/27/25
|
% Change
|
|
|
|
Henry Hub Straddle
|
Mar-26
|
109.72%
|
84.08%
|
30.49%
|
25.64%
|
62.79%
|
74.74%
|
47.99%
|
128.63%
|
|
|
|
Algonquin Straddle
|
Mar-26
|
131.20%
|
106.97%
|
22.65%
|
24.23%
|
91.49%
|
43.40%
|
81.01%
|
61.96%
|
|
|
|
Waha Straddle
|
Mar-26
|
2506.25%
|
1938.09%
|
29.32%
|
568.16%
|
1896.65%
|
32.14%
|
105.38%
|
2278.30%
|
|
|
|
Chicago Straddle
|
Mar-26
|
125.32%
|
98.62%
|
27.07%
|
26.70%
|
64.64%
|
93.87%
|
52.37%
|
139.30%
|
|
|
|
PJM West Straddle
|
Mar-26
|
68.01%
|
73.82%
|
-7.87%
|
-5.81%
|
53.43%
|
27.29%
|
46.30%
|
46.89%
|
|
|
|
SP – 15 Straddle
|
Mar-26
|
146.15%
|
45.67%
|
220.01%
|
100.48%
|
161.19%
|
-9.33%
|
213.38%
|
-31.51%
|
|
|
|
Mid. C Straddle
|
Mar-26
|
180.35%
|
157.47%
|
14.53%
|
22.88%
|
33.08%
|
445.19%
|
76.42%
|
136.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/27/26
|
1/26/26
|
% Change
|
Change
|
12/26/25
|
% Change
|
1/27/25
|
% Change
|
|
|
|
Dutch TTF
|
Mar-26
|
EUR 38.18
|
EUR 38.10
|
0.20%
|
EUR 0.08
|
EUR 27.61
|
38.27%
|
EUR 41.12
|
-7.15%
|
|
|
|
NBP
|
Mar-26
|
GBP 93.98
|
GBP 93.54
|
0.47%
|
GBP 0.44
|
GBP 68.70
|
36.81%
|
GBP 108.51
|
-13.39%
|
|
|
|
German Base
|
Mar-26
|
EUR 100.59
|
EUR 99.49
|
1.10%
|
EUR 1.09
|
EUR 83.07
|
21.09%
|
EUR 94.38
|
6.58%
|
|
|
|
UK Base
|
Mar-26
|
GBP 89.52
|
GBP 93.72
|
-4.48%
|
-GBP 4.20
|
GBP 72.85
|
22.88%
|
GBP 90.80
|
-1.41%
|
|
|
|
French Base
|
Mar-26
|
EUR 76.02
|
EUR 77.63
|
-2.07%
|
-EUR 1.61
|
EUR 56.79
|
33.86%
|
EUR 76.78
|
-0.99%
|
|
|
|
Italian Base
|
Mar-26
|
EUR 126.28
|
EUR 127.28
|
-0.78%
|
-EUR 1.00
|
EUR 103.59
|
21.91%
|
EUR 115.47
|
9.36%
|
|
|
|
JKM LNG
|
Mar-26
|
$11.57
|
$11.54
|
0.27%
|
$0.03
|
$9.46
|
22.29%
|
$13.69
|
-15.46%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/27/26
|
1/26/26
|
% Change
|
Change
|
12/26/25
|
% Change
|
1/27/25
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Mar-26
|
$38.18
|
$38.10
|
0.20%
|
$0.08
|
$27.61
|
38.27%
|
$41.12
|
-7.15%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Mar-26
|
$93.98
|
$93.54
|
0.47%
|
$0.44
|
$68.70
|
36.81%
|
$108.51
|
-13.39%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Mar-26
|
$100.59
|
$99.49
|
1.10%
|
$1.09
|
$83.07
|
21.09%
|
$94.38
|
6.58%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Mar-26
|
$89.52
|
$93.72
|
-4.48%
|
-$4.20
|
$72.85
|
22.88%
|
$90.80
|
-1.41%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Mar-26
|
$76.02
|
$77.63
|
-2.07%
|
-$1.61
|
$56.79
|
33.86%
|
$76.78
|
-0.99%
|
|
|
|
Supramax Timecharter (DRY)
|
Mar-26
|
$126.28
|
$127.28
|
-0.78%
|
-$1.00
|
$103.59
|
21.91%
|
$115.47
|
9.36%
|
|
|
|
Capesize Timecharter (DRY)
|
Mar-26
|
$11.57
|
$11.54
|
0.27%
|
$0.03
|
$9.46
|
22.29%
|
$13.69
|
-15.46%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/24/2026
|
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
|
4
|
-4
|
2
|
17
|
-9
|
12
|
NA
|
NA
|
|
|
|
E S Central
|
0
|
-2
|
0
|
0
|
-6
|
0
|
NA
|
NA
|
|
|
|
W S Central
|
0
|
-4
|
0
|
13
|
2
|
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
|
0
|
5
|
-2
|
4
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/24/2026
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
304
|
20
|
-22
|
3,393
|
-32
|
184
|
-1.00%
|
6.00%
|
|
|
|
Middle Atlantic
|
305
|
41
|
-16
|
3,027
|
-59
|
186
|
-2.00%
|
7.00%
|
|
|
|
E N Central
|
373
|
77
|
2
|
3,345
|
-137
|
194
|
-4.00%
|
6.00%
|
|
|
|
W N Central
|
382
|
67
|
-8
|
3,275
|
-503
|
-71
|
-13.00%
|
-2.00%
|
|
|
|
South Atlantic
|
164
|
18
|
-39
|
1,510
|
-72
|
-46
|
-5.00%
|
-3.00%
|
|
|
|
E S Central
|
218
|
32
|
-52
|
1,843
|
-207
|
-49
|
-10.00%
|
-3.00%
|
|
|
|
W S Central
|
149
|
15
|
-65
|
1,010
|
-360
|
-156
|
-26.00%
|
-13.00%
|
|
|
|
Mountain
|
205
|
-8
|
-67
|
2,184
|
-707
|
-391
|
-24.00%
|
-15.00%
|
|
|
|
Pacific
|
99
|
-26
|
-28
|
1,278
|
-418
|
-222
|
-25.00%
|
-15.00%
|
|
|
|
United States
|
234
|
26
|
-30
|
2,209
|
-243
|
-27
|
-10.00%
|
-1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
