|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 8:08 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.928
|
$3.918
|
0.26%
|
$0.010
|
35,657
|
|
|
|
WTI
|
$65.43
|
$65.42
|
0.02%
|
$0.01
|
156,786
|
|
|
|
Brent
|
$70.46
|
$70.71
|
-0.35%
|
-$0.25
|
321
|
|
|
|
ULSD
|
$2.648
|
$2.585
|
2.43%
|
$0.063
|
254
|
|
|
|
RBOB
|
$1.913
|
$1.920
|
-0.37%
|
-$0.007
|
47
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$5.53
|
$5.29
|
4.54%
|
$0.24
|
Mar-26
|
|
|
|
3:2:1 Crack
|
$24.04
|
$23.54
|
2.10%
|
$0.49
|
Mar-26
|
|
|
|
PJM West Spark
|
NA
|
NA
|
NA
|
NA
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/29/21
|
|
|
|
|
|
1/23/26
|
1/16/26
|
Net Change
|
% Change
|
1/24/25
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
577
|
632
|
-55
|
-8.70%
|
552
|
4.53%
|
572
|
0.94%
|
|
|
|
Midwest
|
676
|
752
|
-76
|
-10.11%
|
661
|
2.27%
|
686
|
-1.49%
|
|
|
|
Mountain
|
228
|
242
|
-14
|
-5.79%
|
212
|
7.55%
|
164
|
39.02%
|
|
|
|
Pacific
|
291
|
300
|
-9
|
-3.00%
|
246
|
18.29%
|
213
|
36.49%
|
|
|
|
South
|
1,050
|
1,139
|
-89
|
-7.81%
|
901
|
16.54%
|
930
|
12.85%
|
|
|
|
Salt
|
313
|
343
|
-30
|
-8.75%
|
229
|
36.68%
|
257
|
21.70%
|
|
|
|
Non_Salt
|
737
|
796
|
-59
|
-7.41%
|
672
|
9.67%
|
673
|
9.44%
|
|
|
|
Total
|
2,823
|
3,065
|
-242
|
-7.90%
|
2,571
|
9.80%
|
2,565
|
10.06%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/26
|
1/28/26
|
% Change
|
Change
|
12/30/25
|
% Change
|
1/29/25
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-26
|
$109.46
|
$114.26
|
-4.20%
|
-$4.80
|
$71.07
|
54.01%
|
$63.71
|
71.81%
|
|
|
|
ERCOT North On Peak
|
Feb-26
|
$49.72
|
$60.05
|
-17.20%
|
-$10.33
|
$54.31
|
-8.44%
|
$67.83
|
-26.69%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-26
|
$24.50
|
$27.75
|
-11.71%
|
-$3.25
|
$30.28
|
-19.09%
|
$48.68
|
-49.67%
|
|
|
|
MISO Indiana On Peak
|
Feb-26
|
$82.25
|
$97.66
|
-15.78%
|
-$15.41
|
$51.95
|
58.32%
|
$53.87
|
52.69%
|
|
|
|
NEISO Mass On Peak
|
Feb-26
|
$187.28
|
$198.92
|
-5.85%
|
-$11.64
|
$135.18
|
38.54%
|
$116.97
|
60.11%
|
|
|
|
WECC Mid C On Peak
|
Feb-26
|
$28.25
|
$36.94
|
-23.53%
|
-$8.69
|
$37.21
|
-24.07%
|
$75.03
|
-62.35%
|
|
|
|
NYISO Zone G On Peak
|
Feb-26
|
$193.29
|
$204.93
|
-5.68%
|
-$11.64
|
$118.08
|
63.70%
|
$95.19
|
103.07%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/26
|
1/28/26
|
% Change
|
Change
|
12/30/25
|
% Change
|
1/29/25
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Mar-26
|
$3.918
|
$3.732
|
4.98%
|
$0.19
|
$3.35
|
17.03%
|
$3.86
|
1.50%
|
|
|
|
Houston Ship Channel
|
Mar-26
|
-$0.560
|
-$0.564
|
-0.66%
|
$0.00
|
-$0.50
|
11.77%
|
-$0.41
|
35.72%
|
|
|
|
Chicago
|
Mar-26
|
$0.154
|
$0.066
|
-57.04%
|
$0.09
|
-$0.20
|
-178.82%
|
-$0.10
|
-255.03%
|
|
|
|
Waha
|
Mar-26
|
-$4.289
|
-$4.037
|
-6.23%
|
-$0.25
|
-$3.54
|
21.19%
|
-$2.47
|
73.68%
|
|
|
|
Algonquin
|
Mar-26
|
$3.137
|
$2.876
|
9.06%
|
$0.26
|
$2.85
|
10.19%
|
$2.12
|
48.11%
|
|
|
|
Aeco
|
Mar-26
|
-$2.146
|
-$2.477
|
-13.37%
|
$0.33
|
-$1.43
|
49.59%
|
-$1.89
|
13.37%
|
|
|
|
Socal
|
Mar-26
|
-$1.711
|
-$1.908
|
-10.32%
|
$0.20
|
-$0.93
|
84.45%
|
-$0.28
|
510.45%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/26
|
1/28/26
|
% Change
|
Change
|
12/30/25
|
% Change
|
1/29/25
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-26
|
$0.648
|
$0.653
|
-0.76%
|
$0.00
|
$0.65
|
0.19%
|
$0.79
|
-17.90%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-26
|
$0.678
|
$0.662
|
2.43%
|
$0.02
|
$0.63
|
7.04%
|
$0.79
|
-14.56%
|
|
|
|
Mt. Belview Ethane
|
Feb-26
|
$0.268
|
$0.265
|
0.86%
|
$0.00
|
$0.25
|
8.09%
|
$0.28
|
-6.14%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-26
|
$1.337
|
$1.289
|
3.74%
|
$0.05
|
$1.19
|
11.98%
|
$1.39
|
-3.62%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-26
|
$0.791
|
$0.775
|
2.09%
|
$0.02
|
$0.78
|
1.09%
|
$0.92
|
-14.41%
|
|
|
|
Far East Propane
|
Feb-26
|
$5.702
|
$5.518
|
3.34%
|
$0.18
|
$5.06
|
12.71%
|
$5.61
|
1.58%
|
|
|
|
Saudi Propane
|
Feb-26
|
$5.472
|
$5.381
|
1.70%
|
$0.09
|
$5.14
|
6.37%
|
$5.46
|
0.26%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/26
|
1/28/26
|
% Change
|
Change
|
12/30/25
|
% Change
|
1/29/25
|
% Change
|
|
|
|
WTI
|
Mar-26
|
$65.42
|
$63.21
|
3.38%
|
$2.21
|
$57.74
|
13.30%
|
$66.75
|
-1.99%
|
|
|
|
Brent
|
Mar-26
|
$70.71
|
$67.57
|
4.44%
|
$3.14
|
$61.33
|
15.29%
|
$70.55
|
0.23%
|
|
|
|
WCS
|
Mar-26
|
-$14.16
|
-$14.68
|
-3.71%
|
$0.52
|
-$12.86
|
10.09%
|
-$17.75
|
-20.25%
|
|
|
|
LLS
|
Mar-26
|
$65.91
|
$63.98
|
2.93%
|
$1.93
|
$59.00
|
11.72%
|
$69.64
|
-5.36%
|
|
|
|
Mars
|
Mar-26
|
$62.63
|
$60.45
|
3.48%
|
$2.18
|
$56.52
|
10.81%
|
$67.39
|
-7.07%
|
|
|
|
Sour
|
Mar-26
|
$64.84
|
$62.97
|
2.87%
|
$1.86
|
$57.77
|
12.24%
|
$67.33
|
-3.70%
|
|
|
|
ESPO
|
Mar-26
|
$68.71
|
$65.57
|
4.57%
|
$3.14
|
$59.33
|
15.81%
|
$68.55
|
0.23%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/26
|
1/28/26
|
% Change
|
Change
|
12/30/25
|
% Change
|
1/29/25
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-26
|
$2.60
|
$2.63
|
-1.41%
|
-$0.04
|
$2.16
|
20.35%
|
$2.26
|
15.07%
|
|
|
|
NY Gasoline
|
Feb-26
|
$1.93
|
$1.89
|
2.38%
|
$0.04
|
$1.73
|
11.79%
|
$1.90
|
1.52%
|
|
|
|
GC Gasoline
|
Feb-26
|
$1.79
|
$1.75
|
2.57%
|
$0.05
|
$1.59
|
12.83%
|
$1.80
|
-0.61%
|
|
|
|
GC Jet
|
Feb-26
|
$2.32
|
$2.23
|
3.81%
|
$0.08
|
$1.96
|
18.21%
|
$2.12
|
9.09%
|
|
|
|
Chicago Ethanol
|
Feb-26
|
$1.60
|
$1.62
|
-1.36%
|
-$0.02
|
$1.61
|
-0.31%
|
$1.63
|
-1.78%
|
|
|
|
Rotterdam Gasoil
|
Feb-26
|
$608.48
|
$594.64
|
2.33%
|
$13.84
|
$561.71
|
8.33%
|
$600.45
|
1.34%
|
|
|
|
Singapore Jet Kero
|
Feb-26
|
$89.06
|
$86.97
|
2.40%
|
$2.08
|
$79.91
|
11.45%
|
$88.36
|
0.79%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/26
|
1/28/26
|
% Change
|
Change
|
12/30/25
|
% Change
|
1/29/25
|
% Change
|
|
|
|
Henry Hub Straddle
|
Mar-26
|
96.05%
|
107.49%
|
-10.64%
|
-11.44%
|
63.39%
|
51.52%
|
42.79%
|
124.47%
|
|
|
|
Algonquin Straddle
|
Mar-26
|
121.53%
|
130.34%
|
-6.76%
|
-8.81%
|
91.43%
|
32.92%
|
72.51%
|
67.60%
|
|
|
|
Waha Straddle
|
Mar-26
|
2107.67%
|
2067.41%
|
1.95%
|
40.26%
|
1802.58%
|
16.93%
|
103.89%
|
1928.75%
|
|
|
|
Chicago Straddle
|
Mar-26
|
112.05%
|
121.98%
|
-8.14%
|
-9.93%
|
66.66%
|
68.09%
|
47.19%
|
137.44%
|
|
|
|
PJM West Straddle
|
Mar-26
|
93.01%
|
92.59%
|
0.45%
|
0.42%
|
52.06%
|
78.66%
|
46.47%
|
100.15%
|
|
|
|
SP – 15 Straddle
|
Mar-26
|
77.02%
|
254.72%
|
-69.76%
|
-177.70%
|
229.93%
|
-66.50%
|
245.20%
|
-68.59%
|
|
|
|
Mid. C Straddle
|
Mar-26
|
184.14%
|
180.03%
|
2.28%
|
4.11%
|
0.00%
|
#DIV/0!
|
69.68%
|
164.27%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/26
|
1/28/26
|
% Change
|
Change
|
12/30/25
|
% Change
|
1/29/25
|
% Change
|
|
|
|
Dutch TTF
|
Mar-26
|
EUR 38.48
|
EUR 36.91
|
4.25%
|
EUR 1.57
|
EUR 27.12
|
41.92%
|
EUR 43.05
|
-10.62%
|
|
|
|
NBP
|
Mar-26
|
GBP 93.86
|
GBP 90.23
|
4.03%
|
GBP 3.63
|
GBP 67.17
|
39.74%
|
GBP 111.87
|
-16.09%
|
|
|
|
German Base
|
Mar-26
|
EUR 99.88
|
EUR 99.84
|
0.05%
|
EUR 0.05
|
EUR 81.53
|
22.52%
|
EUR 96.27
|
3.75%
|
|
|
|
UK Base
|
Mar-26
|
GBP 91.64
|
GBP 87.45
|
4.79%
|
GBP 4.19
|
GBP 72.40
|
26.56%
|
GBP 89.95
|
1.87%
|
|
|
|
French Base
|
Mar-26
|
EUR 76.71
|
EUR 74.77
|
2.60%
|
EUR 1.94
|
EUR 55.06
|
39.34%
|
EUR 75.00
|
2.28%
|
|
|
|
Italian Base
|
Mar-26
|
EUR 123.43
|
EUR 124.21
|
-0.63%
|
-EUR 0.78
|
EUR 99.23
|
24.39%
|
EUR 117.91
|
4.68%
|
|
|
|
JKM LNG
|
Mar-26
|
$11.97
|
$11.49
|
4.14%
|
$0.48
|
$9.48
|
26.23%
|
$13.88
|
-13.79%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/29/26
|
1/28/26
|
% Change
|
Change
|
12/30/25
|
% Change
|
1/29/25
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Mar-26
|
$38.48
|
$36.91
|
4.25%
|
$1.57
|
$27.12
|
41.92%
|
$43.05
|
-10.62%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Mar-26
|
$93.86
|
$90.23
|
4.03%
|
$3.63
|
$67.17
|
39.74%
|
$111.87
|
-16.09%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Mar-26
|
$99.88
|
$99.84
|
0.05%
|
$0.05
|
$81.53
|
22.52%
|
$96.27
|
3.75%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Mar-26
|
$91.64
|
$87.45
|
4.79%
|
$4.19
|
$72.40
|
26.56%
|
$89.95
|
1.87%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Mar-26
|
$76.71
|
$74.77
|
2.60%
|
$1.94
|
$55.06
|
39.34%
|
$75.00
|
2.28%
|
|
|
|
Supramax Timecharter (DRY)
|
Mar-26
|
$123.43
|
$124.21
|
-0.63%
|
-$0.78
|
$99.23
|
24.39%
|
$117.91
|
4.68%
|
|
|
|
Capesize Timecharter (DRY)
|
Mar-26
|
$11.97
|
$11.49
|
4.14%
|
$0.48
|
$9.48
|
26.23%
|
$13.88
|
-13.79%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
