Prices as of 7:38 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.291

$3.290

0.03%

$0.001

26,143

 

 

WTI

$90.42

$87.36

3.50%

$3.06

54,112

 

 

Brent

$93.71

$92.05

1.80%

$1.66

11,088

 

 

ULSD

$3.611

$3.537

2.08%

$0.073

5,386

 

 

RBOB

$3.105

$3.127

-0.71%

-$0.022

9,026

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$5.68

$5.82

-2.41%

-$0.14

Aug-26

 

 

3:2:1 Crack

$46.26

$45.63

1.37%

$0.63

Jul-26

 

 

PJM West Spark

NA

NA

NA

NA

Jun-26

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

05/29/26

562

4

-1

05/30/25

 

 

Canada

05/29/26

162

24

50

05/30/25

 

 

International

Apr-2026

1036

-22

-51

Apr-2025

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 5/26/2026

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

129,499

129,078

129,228

-150

 

 

PJM West Off Peak

123,071

122,684

122,770

-86

 

 

Natural Gas Henry Hub

393,233

376,750

373,193

3,557

 

 

WTI – Light Sweet Crude Futures

228,086

195,210

184,396

10,814

 

 

Brent Crude Last Day

335,423

322,135

328,928

-6,793

 

 

NYM Ethanol

56,454

55,828

55,808

20

 

 

Mt Belvieu LDH Propane Swap

112,928

112,377

112,163

214

 

 

RBOB

301,920

275,387

289,086

-13,699

 

 

HSC Basis

972,743

963,524

962,976

548

 

 

 

 

EIA Short Term Energy Outlook

 

 

 

 

 

 

 

2023

2024

2025 Projected

2026 Projected

 

 

Brent

$0.00

$2.19

$0.00

$3.50

 

 

Gasoline

$0.00

$11.90

$0.00

$17.00

 

 

Crude Oil Production

$0.00

$0.00

$0.00

$0.00

 

 

Natural Gas Spot

$0.00

$42.00

$0.00

$39.00

 

 

LNG Exports

0.00

16.00

0.00

16.00

 

 

 

 

 

 

 

 

 

 

Electrical Generation %

2023

2024

2025 Projected

2026 Projected

 

 

Conventional hydropower

0.00%

6.00%

0.00%

6.00%

 

 

Wind

0.00%

11.00%

0.00%

11.00%

 

 

Solar

0.00%

5.00%

0.00%

8.00%

 

 

Other energy sources

0.00%

1.00%

0.00%

1.00%

 

 

 

 

 

 

 

 

 

 

 

Short Term Energy Outlook

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

05/28/21

 

 

 

5/22/26

5/15/26

Net Change

% Change

5/23/25

% Change

5 Year Avg.

% Change

 

 

East

447

419

28

6.68%

462

-3.25%

458

-2.49%

 

 

Midwest

539

505

34

6.73%

541

-0.37%

542

-0.63%

 

 

Mountain

213

210

3

1.43%

198

7.58%

160

33.29%

 

 

Pacific

292

286

6

2.10%

254

14.96%

227

28.63%

 

 

South

993

972

21

2.16%

1,021

-2.74%

999

-0.60%

 

 

    Salt

305

298

7

2.35%

328

-7.01%

301

1.40%

 

 

    Non_Salt

688

673

15

2.23%

693

-0.72%

698

-1.46%

 

 

Total

2,483

2,391

92

3.85%

2,476

0.28%

2,386

4.05%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

EOX Market Data

 

 

 

Contract

5/29/26

5/28/26

% Change

Change

4/30/26

% Change

5/29/25

% Change

 

 

PJM West On Peak

Jun-26

$61.85

$64.93

-4.75%

-$3.08

$69.26

-10.71%

$56.91

8.67%

 

 

ERCOT North On Peak

Jun-26

$39.83

$42.60

-6.50%

-$2.77

$44.77

-11.02%

$54.73

-27.22%

 

 

CAISO SP 15 On Peak

Jun-26

$15.20

$14.99

1.39%

$0.21

$12.35

23.09%

$32.35

-53.01%

 

 

MISO Indiana On Peak

Jun-26

$55.76

$57.01

-2.18%

-$1.24

$59.37

-6.08%

$51.54

8.19%

 

 

NEISO Mass On Peak

Jun-26

$53.87

$58.22

-7.48%

-$4.35

$60.54

-11.02%

$52.89

1.86%

 

 

WECC Mid C On Peak

Jun-26

$22.75

$24.50

-7.14%

-$1.75

$21.09

7.86%

$49.95

-54.45%

 

 

NYISO Zone G On Peak

Jun-26

$51.03

$55.24

-7.61%

-$4.20

$61.90

-17.55%

$53.03

-3.77%

 

 

 

 

 

Natural Gas & Basis

 

 

 

EOX Market Data

 

 

 

Contract

5/29/26

5/28/26

% Change

Change

4/30/26

% Change

5/29/25

% Change

 

 

NYMEX Henry Hub

Jul-26

$3.290

$3.285

0.15%

$0.00

$3.04

8.08%

$4.16

-20.86%

 

 

Houston Ship Channel

Jul-26

-$0.500

-$0.520

-3.85%

$0.02

-$0.37

36.24%

-$0.32

55.18%

 

 

Chicago

Jul-26

-$0.475

-$0.455

-4.27%

-$0.02

-$0.33

43.59%

-$0.41

14.65%

 

 

Waha

Jul-26

-$5.210

-$5.055

-3.07%

-$0.16

-$5.15

1.18%

-$2.04

154.82%

 

 

Algonquin

Jul-26

$0.162

$0.230

-29.46%

-$0.07

$0.51

-68.12%

$0.08

95.54%

 

 

Aeco

Jul-26

-$1.807

-$1.838

-1.69%

$0.03

-$1.97

-8.12%

-$1.84

-1.52%

 

 

Socal

Jul-26

-$0.503

-$0.769

-34.63%

$0.27

-$0.91

-44.94%

$0.91

-155.47%

 

 

 

 

 

Natural Gas Liquids

 

 

 

EOX Market Data

 

 

 

Contract

5/29/26

5/28/26

% Change

Change

4/30/26

% Change

5/29/25

% Change

 

 

Mt. Belvieu Propane LST

Jun-26

$0.825

$0.838

-1.49%

-$0.01

$0.87

-5.44%

$0.68

20.56%

 

 

Mt. Belvieu Propane non LST

Jun-26

$0.810

$0.818

-0.88%

-$0.01

$0.84

-3.83%

$0.68

18.71%

 

 

Mt. Belview Ethane

Jun-26

$0.215

$0.206

4.29%

$0.01

$0.20

5.57%

$0.28

-22.58%

 

 

Mt. Belview Nat. Gasoline

Jun-26

$1.754

$1.780

-1.47%

-$0.03

$2.16

-18.85%

$1.19

47.36%

 

 

Mt. Belvieu Butane LST

Jun-26

$1.028

$1.027

0.16%

$0.00

$1.12

-7.97%

$0.77

32.86%

 

 

Far East Propane

Jun-26

$7.654

$7.700

-0.59%

-$0.05

$7.53

1.61%

$4.86

57.50%

 

 

Saudi Propane

Jun-26

$7.576

$7.595

-0.25%

-$0.02

$6.84

10.76%

$4.79

58.12%

 

 

 

 

Crude Oil

 

 

 

EOX Market Data

 

 

 

Contract

5/29/26

5/28/26

% Change

Change

4/30/26

% Change

5/29/25

% Change

 

 

WTI

Jul-26

$87.36

$88.90

-1.76%

-$1.54

$99.14

-11.88%

$59.28

47.37%

 

 

Brent

Jul-26

$93.71

$93.71

0.00%

$0.00

$110.40

-15.12%

$62.74

49.36%

 

 

WCS

Jul-26

-$11.65

-$13.50

-15.90%

$1.85

-$13.85

-15.87%

-$11.15

4.49%

 

 

LLS

Jul-26

$88.20

$84.68

3.99%

$3.52

$93.72

-5.89%

$62.47

41.18%

 

 

Mars

Jul-26

$89.40

$85.45

4.42%

$3.95

$94.86

-5.76%

$59.62

49.95%

 

 

Sour

Jul-26

$89.04

$85.92

3.50%

$3.12

$98.34

-9.45%

$60.47

47.24%

 

 

ESPO

Jul-26

$91.71

$91.71

0.00%

$0.00

$108.40

-15.40%

$60.74

50.99%

 

 

 

 

Refined Products

 

 

 

EOX Market Data

 

 

 

Contract

5/29/26

5/28/26

% Change

Change

4/30/26

% Change

5/29/25

% Change

 

 

NY Heating Oil

Jun-26

$3.58

$3.60

-0.56%

-$0.02

$4.07

-12.18%

$2.06

73.98%

 

 

NY Gasoline

Jun-26

$3.06

$3.17

-3.53%

-$0.11

$3.62

-15.43%

$1.95

56.63%

 

 

GC Gasoline

Jun-26

$2.92

$3.03

-3.70%

-$0.11

$3.48

-16.05%

$1.85

57.53%

 

 

GC Jet

Jun-26

$3.08

$3.20

-3.66%

-$0.12

$4.08

-24.49%

$1.85

66.92%

 

 

Chicago Ethanol

Jun-26

$2.01

$2.02

-0.50%

-$0.01

$2.03

-0.99%

$1.67

19.92%

 

 

Rotterdam Gasoil

Jun-26

$912.00

$939.75

-2.95%

-$27.75

$1,066.75

-14.51%

$588.40

55.00%

 

 

Singapore Jet Kero

Jun-26

$132.21

$134.07

-1.39%

-$1.87

$156.50

-15.52%

$79.38

66.54%

 

 

 

 

Implied Volatilities

 

 

 

EOX Market Data

 

 

 

Contract

5/29/26

5/28/26

% Change

Change

4/30/26

% Change

5/29/25

% Change

 

 

Henry Hub Straddle

Jul-26

52.11%

44.93%

15.99%

7.18%

47.73%

9.18%

42.90%

21.47%

 

 

Algonquin Straddle

Jul-26

92.18%

89.48%

3.02%

2.71%

142.51%

-35.32%

40.55%

127.33%

 

 

Waha Straddle

Jul-26

143.04%

125.08%

14.36%

17.96%

462.98%

-69.10%

83.86%

70.58%

 

 

Chicago Straddle

Jul-26

55.07%

48.00%

14.73%

7.07%

49.11%

12.13%

42.67%

29.05%

 

 

PJM West Straddle

Jul-26

72.20%

75.14%

-3.91%

-2.94%

56.90%

26.89%

37.04%

94.92%

 

 

SP – 15 Straddle

Jul-26

102.99%

192.39%

-46.47%

-89.40%

115.84%

-11.09%

94.62%

8.85%

 

 

Mid. C Straddle

Jul-26

57.25%

50.58%

13.19%

6.67%

25.91%

120.96%

69.27%

-17.35%

 

 

 

 

Euro Gas and Power/LNG

 

 

EOX Market Data

 

 

 

Contract

5/29/26

5/28/26

% Change

Change

4/30/26

% Change

5/29/25

% Change

 

 

Dutch TTF

Jul-26

EUR 46.06

EUR 47.13

-2.25%

-EUR 1.06

EUR 46.28

-0.45%

EUR 32.82

40.34%

 

 

NBP

Jul-26

GBP 111.40

GBP 113.75

-2.07%

-GBP 2.35

GBP 111.20

0.18%

GBP 80.31

38.72%

 

 

German Base

Jul-26

EUR 100.80

EUR 99.87

0.93%

EUR 0.93

EUR 88.24

14.23%

EUR 78.36

28.63%

 

 

UK Base

Jul-26

GBP 100.88

GBP 96.57

4.47%

GBP 4.32

GBP 93.04

8.43%

GBP 70.08

43.96%

 

 

French Base

Jul-26

EUR 58.56

EUR 55.73

5.08%

EUR 2.83

EUR 36.94

58.52%

EUR 38.14

53.54%

 

 

Italian Base

Jul-26

EUR 145.51

EUR 147.18

-1.13%

-EUR 1.67

EUR 137.65

5.71%

EUR 100.40

44.92%

 

 

JKM LNG

Jul-26

$18.25

$18.47

-1.20%

-$0.22

$16.72

9.14%

$11.50

58.70%

 

 

 

 

Freight Forwards (WET & DRY)

 

EOX Market Data

 

 

 

Contract

5/29/26

5/28/26

% Change

Change

4/30/26

% Change

5/29/25

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-26

$64.98

$64.69

0.45%

$0.29

$53.85

20.67%

$10.18

538.31%

 

 

USGC-UK Continent Dirty (WET)

Jul-26

$38.24

$37.40

2.25%

$0.84

$50.42

-24.16%

$23.20

64.83%

 

 

TD20 West Africa to UK Continent (WET)

Jul-26

$22.82

$23.90

-4.52%

-$1.08

$28.80

-20.76%

$11.03

106.89%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-26

$158.52

$163.33

-2.94%

-$4.81

$161.07

-1.58%

$52.06

204.49%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-26

$62.24

$65.11

-4.41%

-$2.87

$77.87

-20.07%

$25.74

141.80%

 

 

Supramax Timecharter (DRY)

Jul-26

$18,341.00

$18,268.90

0.39%

$72.10

$17,703.20

3.60%

$10,321.10

77.70%

 

 

Capesize Timecharter (DRY)

Jul-26

$34,951.10

$33,851.00

3.25%

$1,100.10

$32,489.90

7.58%

$21,073.60

65.85%

 

 

 

 

AGs and Softs

 

 

 

EOX Market Data

 

 

 

Contract

5/29/26

5/28/26

% Change

Change

4/30/26

% Change

5/29/25

% Change

 

 

Chicago Corn

Jul-26

$4.60

$4.55

0.92%

$0.04

$4.78

-3.89%

$4.72

-2.71%

 

 

Chicago Beans

Jul-26

$12.03

$11.76

2.30%

$0.27

$12.05

-0.19%

$10.85

10.88%

 

 

London Wheat

Jul-26

GBP 186.99

GBP 187.00

0.00%

-GBP 0.01

GBP 183.74

1.77%

GBP 193.39

-3.31%

 

 

London Coffee

Jul-26

$3,482.00

$3,552.00

-1.97%

-$70.00

$3,365.00

3.48%

$4,233.48

-17.75%

 

 

New York Coffee

Jul-26

$269.10

$273.90

-1.75%

-$4.80

$285.55

-5.76%

$319.65

-15.81%

 

 

New York Cotton

Jul-26

$76.04

$76.68

-0.83%

-$0.64

$82.00

-7.27%

$71.21

6.78%

 

 

Canada Canola

Jul-26

CAD 760.80

CAD 767.10

-0.82%

-CAD 6.30

CAD 763.20

-0.31%

CAD 710.12

7.14%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

05/30/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

4

1

4

29

24

24

NA

NA

 

 

Middle Atlantic

8

-2

7

64

43

53

NA

NA

 

 

E N Central

16

-2

16

51

3

34

NA

NA

 

 

W N Central

44

20

42

93

23

54

NA

NA

 

 

South Atlantic

71

18

23

446

94

18

27.00%

4.00%

 

 

E S Central

66

22

29

279

94

35

51.00%

14.00%

 

 

W S Central

79

6

2

618

203

62

49.00%

11.00%

 

 

Mountain

22

-9

-12

179

39

52

28.00%

40.00%

 

 

Pacific

1

-11

-6

45

-9

21

NA

NA

 

 

United States

35

4

11

213

56

37

36.00%

21.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

05/30/2026

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

47

7

-1

6,556

16

424

0.00%

7.00%

 

 

Middle Atlantic

27

-2

-19

5,751

-118

435

-2.00%

8.00%

 

 

E N Central

16

-18

-37

6,033

-410

136

-6.00%

2.00%

 

 

W N Central

3

-27

-40

5,857

-841

-261

-13.00%

-4.00%

 

 

South Atlantic

2

-5

-14

2,695

-150

108

-5.00%

4.00%

 

 

E S Central

0

-9

-12

3,125

-471

-54

-13.00%

-2.00%

 

 

W S Central

0

-1

-2

1,700

-586

-243

-26.00%

-13.00%

 

 

Mountain

18

-19

-5

3,902

-1,220

-806

-24.00%

-17.00%

 

 

Pacific

47

16

29

2,380

-768

-662

-24.00%

-22.00%

 

 

United States

18

-5

-11

4,022

-460

-78

-10.00%

-2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas * Power * NGL * Crude * Products * Vol * Freight * Ags * Spreads – Charts

 

 

 

 

 

 

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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