Prices as of 8:31 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.748

$3.716

0.86%

$0.032

43,263

 

 

WTI

$63.75

$62.85

1.43%

$0.90

63,969

 

 

Brent

$65.69

$64.86

1.28%

$0.83

12,488

 

 

ULSD

$2.099

$2.070

1.40%

$0.029

7,716

 

 

RBOB

$2.067

$2.034

1.63%

$0.033

10,777

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$2.89

$2.97

-2.69%

-$0.08

Aug-25

 

 

3:2:1 Crack

$23.80

$23.42

1.63%

$0.38

Jul-25

 

 

PJM West Spark

$64.13

$66.47

-3.52%

-$2.34

Jul-25

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

05/30/25

563

-3

-37

05/31/24

 

 

Canada

05/30/25

112

-2

-16

05/31/24

 

 

International

Apr

891

-8

-87

Apr

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 5/27/2025

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

102,060

101,436

101,467

-31

 

 

PJM West Off Peak

87,479

87,028

86,814

214

 

 

Natural Gas Henry Hub

364,216

348,691

352,012

-3,321

 

 

WTI – Light Sweet Crude Futures

162,523

135,576

125,238

10,338

 

 

Brent Crude Last Day

238,568

231,563

231,087

476

 

 

NYM Ethanol

31,813

31,017

31,340

-323

 

 

Mt Belvieu LDH Propane Swap

161,187

160,519

160,711

-192

 

 

RBOB

399,592

379,727

381,568

-1,841

 

 

HSC Basis

874,451

868,843

870,444

-1,601

 

 

 

 

EIA Short Term Energy Outlook

 

 

 

 

 

 

 

2023

2024

2025 Projected

2026 Projected

 

 

Brent

$82.00

$81.00

$74.00

$66.00

 

 

Gasoline

$3.50

$3.30

$3.20

$3.00

 

 

Crude Oil Production

$12.90

$13.20

$13.50

$13.60

 

 

Natural Gas Spot

$2.50

$2.20

$3.10

$4.00

 

 

LNG Exports

12.00

12.00

14.00

16.00

 

 

 

 

 

 

 

 

 

 

Electrical Generation %

2023

2024

2025 Projected

2026 Projected

 

 

Natural gas

42.00%

43.00%

41.00%

40.00%

 

 

Coal

17.00%

16.00%

15.00%

15.00%

 

 

Renewables

22.00%

23.00%

25.00%

27.00%

 

 

Nuclear

19.00%

19.00%

19.00%

19.00%

 

 

 

 

 

 

 

 

 

 

 

Short Term Energy Outlook

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

05/29/20

 

 

 

5/23/25

5/16/25

Net Change

% Change

5/24/24

% Change

5 Year Avg.

% Change

 

 

East

462

432

30

6.94%

538

-14.13%

473

-2.37%

 

 

Midwest

541

512

29

5.66%

652

-17.02%

561

-3.57%

 

 

Mountain

198

192

6

3.13%

210

-5.71%

148

33.60%

 

 

Pacific

254

244

10

4.10%

267

-4.87%

231

10.05%

 

 

South

1,021

996

25

2.51%

1,128

-9.49%

1,021

0.00%

 

 

    Salt

328

321

7

2.18%

324

1.23%

306

7.26%

 

 

    Non_Salt

693

674

19

2.82%

804

-13.81%

715

-3.10%

 

 

Total

2,476

2,375

101

4.25%

2,795

-11.41%

2,434

1.73%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/4/25

6/3/25

% Change

Change

5/6/25

% Change

6/4/24

% Change

 

 

PJM West On Peak

Jul-25

$72.16

$74.42

-3.04%

-$2.26

$85.45

-15.56%

$77.84

-7.30%

 

 

ERCOT North On Peak

Jul-25

$86.38

$89.17

-3.13%

-$2.79

$101.95

-15.28%

$119.79

-27.89%

 

 

CAISO SP 15 On Peak

Jul-25

$58.50

$57.50

1.74%

$1.00

$56.01

4.45%

$67.94

-13.89%

 

 

MISO Indiana On Peak

Jul-25

$66.58

$68.50

-2.81%

-$1.92

$70.46

-5.52%

$76.39

-12.85%

 

 

NEISO Mass On Peak

Jul-25

$69.73

$70.28

-0.78%

-$0.55

$82.86

-15.84%

$75.61

-7.77%

 

 

WECC Mid C On Peak

Jul-25

$83.53

$85.32

-2.10%

-$1.79

$76.67

8.95%

$112.66

-25.86%

 

 

NYISO Zone G On Peak

Jul-25

$68.15

$68.73

-0.85%

-$0.58

$71.33

-4.46%

$76.28

-10.66%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/4/25

6/3/25

% Change

Change

5/6/25

% Change

6/4/24

% Change

 

 

NYMEX Henry Hub

Jul-25

$3.716

$3.722

-0.16%

-$0.01

$3.82

-2.65%

$3.40

9.29%

 

 

Houston Ship Channel

Jul-25

-$0.396

-$0.394

0.58%

$0.00

-$0.28

41.43%

-$0.33

20.13%

 

 

Chicago

Jul-25

-$0.486

-$0.502

3.19%

$0.02

-$0.43

12.89%

-$0.33

46.77%

 

 

Waha

Jul-25

-$1.834

-$1.833

-0.07%

$0.00

-$1.57

16.87%

-$0.68

170.80%

 

 

Algonquin

Jul-25

-$0.215

-$0.341

36.84%

$0.13

$0.23

-193.74%

$0.03

-875.18%

 

 

Aeco

Jul-25

-$2.515

-$2.620

-4.00%

$0.10

-$2.29

9.98%

-$1.34

87.48%

 

 

Socal

Jul-25

-$0.130

-$0.151

-14.34%

$0.02

-$0.48

-72.81%

$1.36

-109.53%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/4/25

6/3/25

% Change

Change

5/6/25

% Change

6/4/24

% Change

 

 

Mt. Belvieu Propane LST

Jul-25

$0.735

$0.737

-0.33%

$0.00

$0.71

2.94%

$0.65

12.23%

 

 

Mt. Belvieu Propane non LST

Jul-25

$0.715

$0.743

-3.77%

-$0.03

$0.72

-0.72%

$0.66

8.59%

 

 

Mt. Belview Ethane

Jul-25

$0.211

$0.219

-3.66%

-$0.01

$0.25

-16.86%

$0.25

-16.69%

 

 

Mt. Belview Nat. Gasoline

Jul-25

$1.258

$1.287

-2.30%

-$0.03

$1.27

-1.03%

$1.36

-7.57%

 

 

Mt. Belvieu Butane LST

Jul-25

$0.810

$0.820

-1.22%

-$0.01

$0.85

-5.26%

$0.76

6.88%

 

 

Far East Propane

Jul-25

$5.280

$5.306

-0.49%

-$0.03

$5.08

3.92%

$5.26

0.42%

 

 

Saudi Propane

Jul-25

$5.800

$5.799

0.03%

$0.00

$5.41

7.24%

$4.89

18.69%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/4/25

6/3/25

% Change

Change

5/6/25

% Change

6/4/24

% Change

 

 

WTI

Jul-25

$62.85

$63.41

-0.89%

-$0.56

$58.68

7.11%

$69.57

-9.66%

 

 

Brent

Jul-25

$65.15

$65.94

-1.21%

-$0.79

$62.15

4.83%

$74.48

-12.52%

 

 

WCS

Jul-25

-$8.69

-$9.29

-6.93%

$0.60

-$10.00

-13.14%

-$12.75

-31.87%

 

 

LLS

Jul-25

$64.41

$64.38

0.06%

$0.04

$60.64

6.22%

$73.57

-12.45%

 

 

Mars

Jul-25

$62.47

$62.76

-0.47%

-$0.29

$58.87

6.10%

$70.77

-11.74%

 

 

Sour

Jul-25

$62.38

$63.14

-1.22%

-$0.76

$58.64

6.37%

$70.94

-12.07%

 

 

ESPO

Jul-25

$63.15

$63.94

-1.25%

-$0.79

$60.15

4.99%

$72.48

-12.87%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/4/25

6/3/25

% Change

Change

5/6/25

% Change

6/4/24

% Change

 

 

NY Heating Oil

Jul-25

$2.07

$2.10

-1.52%

-$0.03

$1.99

3.92%

$2.34

-11.46%

 

 

NY Gasoline

Jul-25

$2.04

$2.04

-0.24%

$0.00

$2.04

-0.15%

$2.21

-7.83%

 

 

GC Gasoline

Jul-25

$1.94

$1.94

-0.26%

$0.00

$1.94

-0.15%

$2.11

-8.20%

 

 

GC Jet

Jul-25

$1.90

$1.95

-2.36%

-$0.05

$1.85

3.14%

$2.25

-15.26%

 

 

Chicago Ethanol

Jul-25

$1.68

$1.72

-1.92%

-$0.03

$1.78

-5.44%

$1.68

0.24%

 

 

Rotterdam Gasoil

Jul-25

$618.25

$621.30

-0.49%

-$3.05

$605.87

2.04%

$660.51

-6.40%

 

 

Singapore Jet Kero

Jul-25

$79.20

$79.29

-0.11%

-$0.09

$75.70

4.62%

$90.85

-12.82%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/4/25

6/3/25

% Change

Change

5/6/25

% Change

6/4/24

% Change

 

 

Henry Hub Straddle

Jul-25

62.20%

61.73%

0.76%

0.47%

65.12%

-4.48%

39.21%

58.63%

 

 

Algonquin Straddle

Jul-25

56.90%

54.10%

5.18%

2.80%

60.20%

-5.48%

39.47%

44.16%

 

 

Waha Straddle

Jul-25

100.29%

110.68%

-9.39%

-10.39%

120.45%

-16.74%

52.45%

91.21%

 

 

Chicago Straddle

Jul-25

63.48%

62.80%

1.08%

0.68%

68.45%

-7.26%

41.18%

54.15%

 

 

PJM West Straddle

Jul-25

77.29%

77.22%

0.09%

0.07%

65.79%

17.48%

50.09%

54.30%

 

 

SP – 15 Straddle

Jul-25

282.24%

280.25%

0.71%

1.99%

204.96%

37.70%

47.97%

488.37%

 

 

Mid. C Straddle

Jul-25

225.84%

164.56%

37.24%

61.28%

105.54%

113.99%

72.13%

213.10%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/4/25

6/3/25

% Change

Change

5/6/25

% Change

6/4/24

% Change

 

 

Dutch TTF

Jul-25

EUR 35.68

EUR 36.09

-1.12%

-EUR 0.40

EUR 34.99

2.00%

EUR 35.25

1.23%

 

 

NBP

Jul-25

GBP 83.46

GBP 84.11

-0.78%

-GBP 0.65

GBP 83.37

0.11%

GBP 85.66

-2.56%

 

 

German Base

Jul-25

EUR 78.25

EUR 78.77

-0.67%

-EUR 0.53

EUR 77.86

0.50%

EUR 83.67

-6.48%

 

 

UK Base

Jul-25

GBP 74.95

GBP 76.74

-2.32%

-GBP 1.78

GBP 77.31

-3.04%

GBP 76.97

-2.63%

 

 

French Base

Jul-25

EUR 40.77

EUR 40.13

1.57%

EUR 0.63

EUR 36.33

12.21%

EUR 59.89

-31.93%

 

 

Italian Base

Jul-25

EUR 117.87

EUR 119.64

-1.48%

-EUR 1.78

EUR 111.49

5.72%

EUR 101.26

16.41%

 

 

JKM LNG

Jul-25

$12.40

$12.41

-0.12%

-$0.01

$11.50

7.75%

$12.48

-0.69%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

6/4/25

6/3/25

% Change

Change

5/6/25

% Change

6/4/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-25

$35.68

$36.09

-1.12%

-$0.40

$34.99

2.00%

$35.25

1.23%

 

 

USGC-UK Continent Dirty (WET)

Jul-25

$83.46

$84.11

-0.78%

-$0.65

$83.37

0.11%

$85.66

-2.56%

 

 

TD20 West Africa to UK Continent (WET)

Jul-25

$78.25

$78.77

-0.67%

-$0.53

$77.86

0.50%

$83.67

-6.48%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-25

$74.95

$76.74

-2.32%

-$1.78

$77.31

-3.04%

$76.97

-2.63%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-25

$40.77

$40.13

1.57%

$0.63

$36.33

12.21%

$59.89

-31.93%

 

 

Supramax Timecharter (DRY)

Jul-25

$117.87

$119.64

-1.48%

-$1.78

$111.49

5.72%

$101.26

16.41%

 

 

Capesize Timecharter (DRY)

Jul-25

$12.40

$12.41

-0.12%

-$0.01

$11.50

7.75%

$12.48

-0.69%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

05/31/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

-4

-8

4

-2

-13

NA

NA

 

 

Middle Atlantic

0

-11

-22

11

-12

-41

NA

NA

 

 

E N Central

0

-19

-8

17

-34

-35

NA

NA

 

 

W N Central

6

-19

-10

43

-31

-17

NA

NA

 

 

South Atlantic

48

-6

-26

434

74

7

21.00%

1.00%

 

 

E S Central

40

-5

-21

249

57

-19

30.00%

-7.00%

 

 

W S Central

72

-2

-32

566

140

1

33.00%

0.00%

 

 

Mountain

38

6

12

135

-10

42

-7.00%

45.00%

 

 

Pacific

14

2

14

31

-25

29

NA

NA

 

 

United States

25

-7

-12

180

18

-6

11.00%

-3.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

05/31/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

40

2

24

6,137

-408

461

-6.00%

8.00%

 

 

Middle Atlantic

42

15

33

5,322

-550

397

-9.00%

8.00%

 

 

E N Central

48

16

24

5,904

-543

612

-8.00%

12.00%

 

 

W N Central

37

9

9

6,119

-582

481

-9.00%

9.00%

 

 

South Atlantic

14

7

13

2,589

-257

134

-9.00%

5.00%

 

 

E S Central

9

0

7

3,180

-417

103

-12.00%

3.00%

 

 

W S Central

2

1

2

1,943

-343

-100

-15.00%

-5.00%

 

 

Mountain

21

-15

-15

4,709

-418

-124

-8.00%

-3.00%

 

 

Pacific

15

-16

-23

3,044

-108

-11

-3.00%

0.00%

 

 

United States

25

3

9

4,103

-382

221

-9.00%

6.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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