|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:36 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.086
|
$3.081
|
0.16%
|
$0.005
|
20,449
|
|
|
|
WTI
|
$69.38
|
$69.21
|
0.25%
|
$0.17
|
101,126
|
|
|
|
Brent
|
$72.66
|
$72.51
|
0.21%
|
$0.15
|
7,345
|
|
|
|
ULSD
|
$2.417
|
$2.464
|
-1.89%
|
-$0.047
|
2,280
|
|
|
|
RBOB
|
$2.210
|
$2.218
|
-0.38%
|
-$0.009
|
1,369
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.41
|
$3.30
|
3.33%
|
$0.11
|
Sep-25
|
|
|
|
3:2:1 Crack
|
$25.20
|
$26.00
|
-3.10%
|
-$0.81
|
Sep-25
|
|
|
|
PJM West Spark
|
NA
|
NA
|
NA
|
NA
|
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
|
7/29/25
|
7/28/25
|
% Change
|
Change
|
6/30/25
|
% Change
|
7/29/24
|
% Change
|
|
|
|
PJM West On Peak
|
Aug-25
|
$72.20
|
$65.84
|
9.66%
|
$6.36
|
$63.23
|
14.19%
|
$65.52
|
10.21%
|
|
|
|
ERCOT North On Peak
|
Aug-25
|
$81.72
|
$84.36
|
-3.13%
|
-$2.64
|
$115.42
|
-29.20%
|
$127.52
|
-35.91%
|
|
|
|
CAISO SP 15 On Peak
|
Aug-25
|
$45.75
|
$46.75
|
-2.14%
|
-$1.00
|
$58.40
|
-21.66%
|
$81.52
|
-43.88%
|
|
|
|
MISO Indiana On Peak
|
Aug-25
|
$68.28
|
$62.33
|
9.55%
|
$5.95
|
$57.93
|
17.87%
|
$62.17
|
9.82%
|
|
|
|
NEISO Mass On Peak
|
Aug-25
|
$72.65
|
$60.02
|
21.05%
|
$12.63
|
$54.58
|
33.11%
|
$63.45
|
14.51%
|
|
|
|
WECC Mid C On Peak
|
Aug-25
|
$69.44
|
$68.50
|
1.37%
|
$0.94
|
$85.50
|
-18.78%
|
$133.40
|
-47.94%
|
|
|
|
NYISO Zone G On Peak
|
Aug-25
|
$71.25
|
$59.28
|
20.20%
|
$11.97
|
$54.25
|
31.34%
|
$56.78
|
25.47%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/29/25
|
7/28/25
|
% Change
|
Change
|
6/30/25
|
% Change
|
7/29/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Sep-25
|
$3.142
|
$3.066
|
2.48%
|
$0.08
|
$3.49
|
-9.97%
|
$3.17
|
-0.95%
|
|
|
|
Houston Ship Channel
|
Sep-25
|
-$0.421
|
-$0.392
|
7.47%
|
-$0.03
|
-$0.40
|
6.44%
|
-$0.42
|
0.57%
|
|
|
|
Chicago
|
Sep-25
|
-$0.356
|
-$0.348
|
-2.22%
|
-$0.01
|
-$0.55
|
-35.56%
|
-$0.43
|
-16.70%
|
|
|
|
Waha
|
Sep-25
|
-$2.115
|
-$1.979
|
-6.87%
|
-$0.14
|
-$2.10
|
0.80%
|
-$1.00
|
110.51%
|
|
|
|
Algonquin
|
Sep-25
|
-$0.459
|
-$0.435
|
-5.54%
|
-$0.02
|
-$0.83
|
-45.05%
|
-$0.87
|
-47.16%
|
|
|
|
Aeco
|
Sep-25
|
-$2.523
|
-$2.424
|
4.10%
|
-$0.10
|
-$2.58
|
-2.29%
|
-$1.45
|
74.38%
|
|
|
|
Socal
|
Sep-25
|
-$0.338
|
-$0.270
|
25.05%
|
-$0.07
|
-$0.28
|
18.67%
|
$0.90
|
-137.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/29/25
|
7/28/25
|
% Change
|
Change
|
6/30/25
|
% Change
|
7/29/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Aug-25
|
$0.720
|
$0.724
|
-0.56%
|
$0.00
|
$0.73
|
-2.03%
|
$0.70
|
2.49%
|
|
|
|
Mt. Belvieu Propane non LST
|
Aug-25
|
$0.723
|
$0.721
|
0.15%
|
$0.00
|
$0.73
|
-1.35%
|
$0.71
|
1.31%
|
|
|
|
Mt. Belview Ethane
|
Aug-25
|
$0.212
|
$0.206
|
2.84%
|
$0.01
|
$0.22
|
-5.05%
|
$0.23
|
-8.52%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Aug-25
|
$1.395
|
$1.346
|
3.60%
|
$0.05
|
$1.26
|
10.36%
|
$1.39
|
0.29%
|
|
|
|
Mt. Belvieu Butane LST
|
Aug-25
|
$0.807
|
$0.805
|
0.23%
|
$0.00
|
$0.79
|
1.80%
|
$0.83
|
-2.59%
|
|
|
|
Far East Propane
|
Aug-25
|
$5.330
|
$5.352
|
-0.41%
|
-$0.02
|
$5.33
|
-0.05%
|
$5.45
|
-2.21%
|
|
|
|
Saudi Propane
|
Aug-25
|
$5.332
|
$5.251
|
1.53%
|
$0.08
|
$5.60
|
-4.80%
|
$5.06
|
5.41%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/29/25
|
7/28/25
|
% Change
|
Change
|
6/30/25
|
% Change
|
7/29/24
|
% Change
|
|
|
|
WTI
|
Sep-25
|
$69.21
|
$66.71
|
3.61%
|
$2.50
|
$63.85
|
8.39%
|
$70.61
|
-1.98%
|
|
|
|
Brent
|
Sep-25
|
$72.51
|
$70.04
|
3.41%
|
$2.47
|
$66.74
|
8.65%
|
$75.32
|
-3.73%
|
|
|
|
WCS
|
Sep-25
|
-$11.61
|
-$11.58
|
0.28%
|
-$0.03
|
-$10.94
|
6.15%
|
-$14.45
|
-19.65%
|
|
|
|
LLS
|
Sep-25
|
$68.54
|
$67.48
|
1.55%
|
$1.06
|
$64.66
|
6.00%
|
$71.86
|
-4.62%
|
|
|
|
Mars
|
Sep-25
|
$65.18
|
$65.60
|
-0.64%
|
-$0.42
|
$63.47
|
2.69%
|
$69.21
|
-5.81%
|
|
|
|
Sour
|
Sep-25
|
$67.54
|
$66.43
|
1.64%
|
$1.11
|
$63.98
|
5.55%
|
$69.70
|
-3.11%
|
|
|
|
ESPO
|
Sep-25
|
$70.51
|
$68.04
|
3.50%
|
$2.47
|
$64.74
|
8.91%
|
$73.32
|
-3.83%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/29/25
|
7/28/25
|
% Change
|
Change
|
6/30/25
|
% Change
|
7/29/24
|
% Change
|
|
|
|
NY Heating Oil
|
Aug-25
|
$2.47
|
$2.42
|
2.07%
|
$0.05
|
$2.28
|
8.47%
|
$2.35
|
5.37%
|
|
|
|
NY Gasoline
|
Aug-25
|
$2.22
|
$2.13
|
4.08%
|
$0.09
|
$2.08
|
6.59%
|
$2.21
|
0.36%
|
|
|
|
GC Gasoline
|
Aug-25
|
$2.08
|
$1.99
|
4.37%
|
$0.09
|
$1.94
|
7.06%
|
$2.11
|
-1.52%
|
|
|
|
GC Jet
|
Aug-25
|
$2.20
|
$2.14
|
2.90%
|
$0.06
|
$2.06
|
6.85%
|
$2.20
|
-0.23%
|
|
|
|
Chicago Ethanol
|
Aug-25
|
$1.74
|
$1.76
|
-0.85%
|
-$0.01
|
$1.68
|
3.63%
|
$1.59
|
9.42%
|
|
|
|
Rotterdam Gasoil
|
Aug-25
|
$650.51
|
$652.52
|
-0.31%
|
-$2.01
|
$622.99
|
4.42%
|
$686.50
|
-5.24%
|
|
|
|
Singapore Jet Kero
|
Aug-25
|
$88.00
|
$86.46
|
1.78%
|
$1.54
|
$83.67
|
5.18%
|
$93.56
|
-5.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/29/25
|
7/28/25
|
% Change
|
Change
|
6/30/25
|
% Change
|
7/29/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Sep-25
|
55.88%
|
59.03%
|
-5.34%
|
-3.15%
|
63.86%
|
-12.50%
|
37.82%
|
47.75%
|
|
|
|
Algonquin Straddle
|
Sep-25
|
69.09%
|
70.95%
|
-2.62%
|
-1.86%
|
72.11%
|
-4.19%
|
44.32%
|
55.89%
|
|
|
|
Waha Straddle
|
Sep-25
|
130.47%
|
130.16%
|
0.24%
|
0.31%
|
125.08%
|
4.31%
|
45.98%
|
183.75%
|
|
|
|
Chicago Straddle
|
Sep-25
|
65.12%
|
63.73%
|
2.18%
|
1.39%
|
68.04%
|
-4.29%
|
39.04%
|
66.80%
|
|
|
|
PJM West Straddle
|
Sep-25
|
40.01%
|
41.41%
|
-3.38%
|
-1.40%
|
42.57%
|
-6.01%
|
39.33%
|
1.73%
|
|
|
|
SP – 15 Straddle
|
Sep-25
|
84.99%
|
81.17%
|
4.71%
|
3.82%
|
136.37%
|
-37.68%
|
69.74%
|
21.87%
|
|
|
|
Mid. C Straddle
|
Sep-25
|
89.19%
|
92.82%
|
-3.91%
|
-3.63%
|
126.59%
|
-29.54%
|
69.16%
|
28.96%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/29/25
|
7/28/25
|
% Change
|
Change
|
6/30/25
|
% Change
|
7/29/24
|
% Change
|
|
|
|
Dutch TTF
|
Sep-25
|
EUR 34.82
|
EUR 33.69
|
3.35%
|
EUR 1.13
|
EUR 33.61
|
3.59%
|
EUR 37.66
|
-7.53%
|
|
|
|
NBP
|
Sep-25
|
GBP 85.51
|
GBP 82.85
|
3.22%
|
GBP 2.67
|
GBP 81.44
|
5.00%
|
GBP 93.63
|
-8.67%
|
|
|
|
German Base
|
Sep-25
|
EUR 89.07
|
EUR 85.99
|
3.59%
|
EUR 3.09
|
EUR 85.60
|
4.06%
|
EUR 95.40
|
-6.63%
|
|
|
|
UK Base
|
Sep-25
|
GBP 79.78
|
GBP 77.93
|
2.36%
|
GBP 1.84
|
GBP 76.39
|
4.44%
|
GBP 77.14
|
3.42%
|
|
|
|
French Base
|
Sep-25
|
EUR 55.20
|
EUR 53.61
|
2.97%
|
EUR 1.59
|
EUR 50.51
|
9.30%
|
EUR 74.75
|
-26.16%
|
|
|
|
Italian Base
|
Sep-25
|
EUR 115.53
|
EUR 109.86
|
5.16%
|
EUR 5.67
|
EUR 114.51
|
0.89%
|
EUR 116.74
|
-1.04%
|
|
|
|
JKM LNG
|
Sep-25
|
$12.00
|
$11.91
|
0.81%
|
$0.10
|
$12.64
|
-5.04%
|
$12.68
|
-5.31%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
7/29/25
|
7/28/25
|
% Change
|
Change
|
6/30/25
|
% Change
|
7/29/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Sep-25
|
$34.82
|
$33.69
|
3.35%
|
$1.13
|
$33.61
|
3.59%
|
$37.66
|
-7.53%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Sep-25
|
$85.51
|
$82.85
|
3.22%
|
$2.67
|
$81.44
|
5.00%
|
$93.63
|
-8.67%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Sep-25
|
$89.07
|
$85.99
|
3.59%
|
$3.09
|
$85.60
|
4.06%
|
$95.40
|
-6.63%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Sep-25
|
$79.78
|
$77.93
|
2.36%
|
$1.84
|
$76.39
|
4.44%
|
$77.14
|
3.42%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Sep-25
|
$55.20
|
$53.61
|
2.97%
|
$1.59
|
$50.51
|
9.30%
|
$74.75
|
-26.16%
|
|
|
|
Supramax Timecharter (DRY)
|
Sep-25
|
$115.53
|
$109.86
|
5.16%
|
$5.67
|
$114.51
|
0.89%
|
$116.74
|
-1.04%
|
|
|
|
Capesize Timecharter (DRY)
|
Sep-25
|
$12.00
|
$11.91
|
0.81%
|
$0.10
|
$12.64
|
-5.04%
|
$12.68
|
-5.31%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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|
