|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:26 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.056
|
$2.988
|
2.28%
|
$0.068
|
850
|
|
|
|
WTI
|
$66.88
|
$66.71
|
0.25%
|
$0.17
|
49,285
|
|
|
|
Brent
|
$70.19
|
$70.04
|
0.21%
|
$0.15
|
4,149
|
|
|
|
ULSD
|
$2.418
|
$2.427
|
-0.34%
|
-$0.008
|
2,035
|
|
|
|
RBOB
|
$2.144
|
$2.135
|
0.43%
|
$0.009
|
876
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.30
|
$3.33
|
-0.90%
|
-$0.03
|
Sep-25
|
|
|
|
3:2:1 Crack
|
$25.74
|
$25.80
|
-0.23%
|
-$0.06
|
Sep-25
|
|
|
|
PJM West Spark
|
$59.25
|
$60.61
|
-2.24%
|
-$1.35
|
Aug-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
07/25/25
|
542
|
-2
|
-47
|
07/26/24
|
|
|
|
Canada
|
07/25/25
|
182
|
10
|
-29
|
07/26/24
|
|
|
|
International
|
June-2025
|
913
|
27
|
-44
|
June-2024
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 7/22/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
100,544
|
100,281
|
99,999
|
282
|
|
|
|
PJM West Off Peak
|
90,226
|
90,060
|
89,552
|
508
|
|
|
|
Natural Gas Henry Hub
|
349,860
|
333,415
|
338,014
|
-4,599
|
|
|
|
WTI – Light Sweet Crude Futures
|
338,766
|
289,460
|
271,385
|
18,075
|
|
|
|
Brent Crude Last Day
|
207,786
|
200,429
|
201,269
|
-840
|
|
|
|
NYM Ethanol
|
33,102
|
32,358
|
32,718
|
-360
|
|
|
|
Mt Belvieu LDH Propane Swap
|
150,271
|
149,221
|
149,986
|
-765
|
|
|
|
RBOB
|
370,894
|
349,581
|
354,845
|
-5,264
|
|
|
|
HSC Basis
|
766,656
|
757,585
|
763,764
|
-6,179
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
07/24/20
|
|
|
|
|
|
7/18/25
|
7/11/25
|
Net Change
|
% Change
|
7/19/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
634
|
628
|
6
|
0.96%
|
697
|
-9.04%
|
638
|
-0.56%
|
|
|
|
Midwest
|
746
|
730
|
16
|
2.19%
|
827
|
-9.79%
|
745
|
0.11%
|
|
|
|
Mountain
|
239
|
235
|
4
|
1.70%
|
251
|
-4.78%
|
193
|
23.96%
|
|
|
|
Pacific
|
297
|
295
|
2
|
0.68%
|
289
|
2.77%
|
267
|
11.40%
|
|
|
|
South
|
1,159
|
1,164
|
-5
|
-0.43%
|
1,167
|
-0.69%
|
1,076
|
7.75%
|
|
|
|
Salt
|
325
|
335
|
-10
|
-2.99%
|
313
|
3.83%
|
285
|
13.96%
|
|
|
|
Non_Salt
|
834
|
829
|
5
|
0.60%
|
854
|
-2.34%
|
790
|
5.54%
|
|
|
|
Total
|
3,075
|
3,052
|
23
|
0.75%
|
3,231
|
-4.83%
|
2,918
|
5.39%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/28/25
|
7/25/25
|
% Change
|
Change
|
6/27/25
|
% Change
|
7/26/24
|
% Change
|
|
|
|
PJM West On Peak
|
Aug-25
|
$65.84
|
$67.00
|
-1.73%
|
-$1.16
|
$72.79
|
-9.54%
|
$65.53
|
0.48%
|
|
|
|
ERCOT North On Peak
|
Aug-25
|
$84.36
|
$91.76
|
-8.06%
|
-$7.40
|
$137.34
|
-38.58%
|
$127.27
|
-33.72%
|
|
|
|
CAISO SP 15 On Peak
|
Aug-25
|
$46.75
|
$49.36
|
-5.28%
|
-$2.61
|
$69.60
|
-32.83%
|
$85.86
|
-45.55%
|
|
|
|
MISO Indiana On Peak
|
Aug-25
|
$62.33
|
$63.82
|
-2.34%
|
-$1.49
|
$66.42
|
-6.17%
|
$62.88
|
-0.88%
|
|
|
|
NEISO Mass On Peak
|
Aug-25
|
$60.02
|
$66.55
|
-9.81%
|
-$6.53
|
$62.17
|
-3.46%
|
$62.69
|
-4.26%
|
|
|
|
WECC Mid C On Peak
|
Aug-25
|
$68.50
|
$70.21
|
-2.44%
|
-$1.71
|
$98.29
|
-30.30%
|
$138.76
|
-50.64%
|
|
|
|
NYISO Zone G On Peak
|
Aug-25
|
$59.28
|
$67.15
|
-11.72%
|
-$7.87
|
$55.82
|
6.19%
|
$54.63
|
8.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/28/25
|
7/25/25
|
% Change
|
Change
|
6/27/25
|
% Change
|
7/26/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Aug-25
|
$2.988
|
$3.110
|
-3.92%
|
-$0.12
|
$3.74
|
-20.09%
|
$3.24
|
-7.66%
|
|
|
|
Houston Ship Channel
|
Aug-25
|
-$0.405
|
-$0.401
|
0.95%
|
$0.00
|
-$0.42
|
-4.21%
|
-$0.35
|
16.34%
|
|
|
|
Chicago
|
Aug-25
|
-$0.286
|
-$0.319
|
11.48%
|
$0.03
|
-$0.51
|
-44.23%
|
-$0.35
|
-17.90%
|
|
|
|
Waha
|
Aug-25
|
-$1.760
|
-$1.787
|
-1.56%
|
$0.03
|
-$1.79
|
-1.59%
|
-$0.79
|
123.46%
|
|
|
|
Algonquin
|
Aug-25
|
-$0.085
|
-$0.179
|
52.48%
|
$0.09
|
-$0.72
|
-88.23%
|
-$0.09
|
-3.41%
|
|
|
|
Aeco
|
Aug-25
|
-$2.464
|
-$2.526
|
-2.43%
|
$0.06
|
-$2.65
|
-6.86%
|
-$1.54
|
59.52%
|
|
|
|
Socal
|
Aug-25
|
$0.013
|
$0.059
|
-77.46%
|
-$0.05
|
-$0.03
|
-144.63%
|
$1.14
|
-98.83%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/28/25
|
7/25/25
|
% Change
|
Change
|
6/27/25
|
% Change
|
7/26/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Aug-25
|
$0.724
|
$0.707
|
2.34%
|
$0.02
|
$0.74
|
-2.16%
|
$0.71
|
1.87%
|
|
|
|
Mt. Belvieu Propane non LST
|
Aug-25
|
$0.721
|
$0.714
|
1.06%
|
$0.01
|
$0.73
|
-1.67%
|
$0.71
|
1.19%
|
|
|
|
Mt. Belview Ethane
|
Aug-25
|
$0.206
|
$0.215
|
-4.18%
|
-$0.01
|
$0.23
|
-10.47%
|
$0.24
|
-12.52%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Aug-25
|
$1.346
|
$1.309
|
2.84%
|
$0.04
|
$1.27
|
6.21%
|
$1.43
|
-5.66%
|
|
|
|
Mt. Belvieu Butane LST
|
Aug-25
|
$0.805
|
$0.793
|
1.62%
|
$0.01
|
$0.80
|
1.08%
|
$0.83
|
-2.41%
|
|
|
|
Far East Propane
|
Aug-25
|
$5.352
|
$5.258
|
1.78%
|
$0.09
|
$5.33
|
0.32%
|
$5.48
|
-2.28%
|
|
|
|
Saudi Propane
|
Aug-25
|
$5.251
|
$5.239
|
0.24%
|
$0.01
|
$5.68
|
-7.55%
|
$5.11
|
2.77%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/28/25
|
7/25/25
|
% Change
|
Change
|
6/27/25
|
% Change
|
7/26/24
|
% Change
|
|
|
|
WTI
|
Sep-25
|
$66.71
|
$65.16
|
2.32%
|
$1.55
|
$64.07
|
4.12%
|
$71.23
|
-6.35%
|
|
|
|
Brent
|
Sep-25
|
$70.04
|
$68.44
|
2.28%
|
$1.60
|
$66.80
|
4.85%
|
$76.01
|
-7.85%
|
|
|
|
WCS
|
Sep-25
|
-$11.58
|
-$11.16
|
3.64%
|
-$0.42
|
-$11.72
|
-1.23%
|
-$14.55
|
-20.43%
|
|
|
|
LLS
|
Sep-25
|
$67.48
|
$66.36
|
1.65%
|
$1.11
|
$64.73
|
4.24%
|
$72.75
|
-7.25%
|
|
|
|
Mars
|
Sep-25
|
$65.60
|
$64.46
|
1.74%
|
$1.14
|
$63.60
|
3.14%
|
$70.09
|
-6.40%
|
|
|
|
Sour
|
Sep-25
|
$66.43
|
$65.43
|
1.50%
|
$1.00
|
$64.04
|
3.73%
|
$71.00
|
-6.43%
|
|
|
|
ESPO
|
Sep-25
|
$68.04
|
$66.44
|
2.35%
|
$1.60
|
$64.80
|
5.00%
|
$74.01
|
-8.07%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/28/25
|
7/25/25
|
% Change
|
Change
|
6/27/25
|
% Change
|
7/26/24
|
% Change
|
|
|
|
NY Heating Oil
|
Aug-25
|
$2.42
|
$2.41
|
0.58%
|
$0.01
|
$2.25
|
7.74%
|
$2.39
|
1.34%
|
|
|
|
NY Gasoline
|
Aug-25
|
$2.13
|
$2.10
|
1.62%
|
$0.03
|
$2.04
|
4.67%
|
$2.24
|
-5.12%
|
|
|
|
GC Gasoline
|
Aug-25
|
$1.99
|
$1.96
|
1.74%
|
$0.03
|
$1.89
|
5.01%
|
$2.14
|
-7.23%
|
|
|
|
GC Jet
|
Aug-25
|
$2.14
|
$2.17
|
-1.57%
|
-$0.03
|
$2.03
|
5.22%
|
$2.30
|
-7.13%
|
|
|
|
Chicago Ethanol
|
Aug-25
|
$1.76
|
$1.77
|
-0.57%
|
-$0.01
|
$1.68
|
4.83%
|
$1.58
|
11.20%
|
|
|
|
Rotterdam Gasoil
|
Aug-25
|
$652.52
|
$640.75
|
1.84%
|
$11.77
|
$623.75
|
4.61%
|
$691.52
|
-5.64%
|
|
|
|
Singapore Jet Kero
|
Aug-25
|
$86.46
|
$87.37
|
-1.04%
|
-$0.91
|
$86.28
|
0.21%
|
$94.05
|
-8.07%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/28/25
|
7/25/25
|
% Change
|
Change
|
6/27/25
|
% Change
|
7/26/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Sep-25
|
59.03%
|
58.36%
|
1.15%
|
0.67%
|
54.16%
|
8.99%
|
38.80%
|
52.14%
|
|
|
|
Algonquin Straddle
|
Sep-25
|
70.95%
|
70.88%
|
0.10%
|
0.07%
|
70.82%
|
0.18%
|
0.00%
|
#DIV/0!
|
|
|
|
Waha Straddle
|
Sep-25
|
130.16%
|
135.03%
|
-3.61%
|
-4.87%
|
128.80%
|
1.06%
|
0.00%
|
#DIV/0!
|
|
|
|
Chicago Straddle
|
Sep-25
|
63.73%
|
63.81%
|
-0.13%
|
-0.08%
|
61.49%
|
3.64%
|
0.00%
|
#DIV/0!
|
|
|
|
PJM West Straddle
|
Sep-25
|
41.41%
|
42.31%
|
-2.13%
|
-0.90%
|
50.41%
|
-17.85%
|
40.52%
|
2.20%
|
|
|
|
SP – 15 Straddle
|
Sep-25
|
81.17%
|
233.51%
|
-65.24%
|
-152.34%
|
173.92%
|
-53.33%
|
69.21%
|
17.28%
|
|
|
|
Mid. C Straddle
|
Sep-25
|
92.82%
|
91.84%
|
1.07%
|
0.98%
|
113.76%
|
-18.41%
|
50.07%
|
85.38%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/28/25
|
7/25/25
|
% Change
|
Change
|
6/27/25
|
% Change
|
7/26/24
|
% Change
|
|
|
|
Dutch TTF
|
Sep-25
|
EUR 33.69
|
EUR 32.94
|
2.28%
|
EUR 0.75
|
EUR 34.15
|
-1.34%
|
EUR 36.72
|
-8.25%
|
|
|
|
NBP
|
Sep-25
|
GBP 82.85
|
GBP 81.25
|
1.97%
|
GBP 1.60
|
GBP 82.16
|
0.84%
|
GBP 90.51
|
-8.46%
|
|
|
|
German Base
|
Sep-25
|
EUR 85.99
|
EUR 84.83
|
1.36%
|
EUR 1.15
|
EUR 86.98
|
-1.14%
|
EUR 93.72
|
-8.25%
|
|
|
|
UK Base
|
Sep-25
|
GBP 77.93
|
GBP 78.34
|
-0.51%
|
-GBP 0.40
|
GBP 77.13
|
1.05%
|
GBP 74.93
|
4.01%
|
|
|
|
French Base
|
Sep-25
|
EUR 53.61
|
EUR 52.78
|
1.57%
|
EUR 0.83
|
EUR 54.92
|
-2.38%
|
EUR 73.29
|
-26.86%
|
|
|
|
Italian Base
|
Sep-25
|
EUR 109.86
|
EUR 110.98
|
-1.01%
|
-EUR 1.12
|
EUR 116.00
|
-5.29%
|
EUR 114.70
|
-4.22%
|
|
|
|
JKM LNG
|
Sep-25
|
$11.91
|
$11.70
|
1.75%
|
$0.20
|
$12.67
|
-6.04%
|
$12.63
|
-5.74%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/28/25
|
7/25/25
|
% Change
|
Change
|
6/27/25
|
% Change
|
7/26/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Sep-25
|
$33.69
|
$32.94
|
2.28%
|
$0.75
|
$34.15
|
-1.34%
|
$36.72
|
-8.25%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Sep-25
|
$82.85
|
$81.25
|
1.97%
|
$1.60
|
$82.16
|
0.84%
|
$90.51
|
-8.46%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Sep-25
|
$85.99
|
$84.83
|
1.36%
|
$1.15
|
$86.98
|
-1.14%
|
$93.72
|
-8.25%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Sep-25
|
$77.93
|
$78.34
|
-0.51%
|
-$0.40
|
$77.13
|
1.05%
|
$74.93
|
4.01%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Sep-25
|
$53.61
|
$52.78
|
1.57%
|
$0.83
|
$54.92
|
-2.38%
|
$73.29
|
-26.86%
|
|
|
|
Supramax Timecharter (DRY)
|
Sep-25
|
$109.86
|
$110.98
|
-1.01%
|
-$1.12
|
$116.00
|
-5.29%
|
$114.70
|
-4.22%
|
|
|
|
Capesize Timecharter (DRY)
|
Sep-25
|
$11.91
|
$11.70
|
1.75%
|
$0.20
|
$12.67
|
-6.04%
|
$12.63
|
-5.74%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
07/26/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
46
|
1
|
1
|
348
|
131
|
-35
|
60.00%
|
-9.00%
|
|
|
|
Middle Atlantic
|
72
|
13
|
12
|
493
|
148
|
-38
|
43.00%
|
-7.00%
|
|
|
|
E N Central
|
73
|
15
|
31
|
500
|
97
|
56
|
24.00%
|
13.00%
|
|
|
|
W N Central
|
88
|
16
|
37
|
556
|
34
|
48
|
7.00%
|
10.00%
|
|
|
|
South Atlantic
|
114
|
16
|
13
|
1,228
|
193
|
10
|
19.00%
|
1.00%
|
|
|
|
E S Central
|
118
|
23
|
37
|
1,009
|
176
|
21
|
21.00%
|
2.00%
|
|
|
|
W S Central
|
134
|
8
|
33
|
1,487
|
174
|
-24
|
13.00%
|
-2.00%
|
|
|
|
Mountain
|
72
|
-8
|
-25
|
691
|
33
|
-31
|
5.00%
|
-4.00%
|
|
|
|
Pacific
|
32
|
-14
|
-48
|
288
|
-22
|
-110
|
-7.00%
|
-27.00%
|
|
|
|
United States
|
83
|
8
|
9
|
752
|
109
|
-13
|
17.00%
|
-2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
07/26/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
3
|
0
|
2
|
5
|
-4
|
3
|
NA
|
NA
|
|
|
|
Middle Atlantic
|
0
|
-3
|
0
|
1
|
-3
|
-2
|
NA
|
NA
|
|
|
|
E N Central
|
1
|
-2
|
-3
|
2
|
-4
|
-9
|
NA
|
NA
|
|
|
|
W N Central
|
0
|
-3
|
-1
|
6
|
-7
|
-2
|
NA
|
NA
|
|
|
|
South Atlantic
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
E S Central
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
W S Central
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
Mountain
|
0
|
-3
|
0
|
2
|
-16
|
-3
|
NA
|
NA
|
|
|
|
Pacific
|
2
|
-2
|
1
|
5
|
-17
|
3
|
NA
|
NA
|
|
|
|
United States
|
1
|
-1
|
0
|
2
|
-6
|
-2
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
