|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:01 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.017
|
$2.859
|
5.53%
|
$0.158
|
43,037
|
|
|
|
WTI
|
$72.68
|
$67.02
|
8.45%
|
$5.66
|
428,388
|
|
|
|
Brent
|
$79.23
|
$72.48
|
9.31%
|
$6.75
|
78,952
|
|
|
|
ULSD
|
$2.979
|
$2.671
|
11.52%
|
$0.308
|
53,241
|
|
|
|
RBOB
|
$2.406
|
$2.078
|
15.79%
|
$0.328
|
40,743
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$7.19
|
$5.98
|
20.23%
|
$1.21
|
May-26
|
|
|
|
3:2:1 Crack
|
$35.47
|
$32.75
|
8.29%
|
$2.72
|
Apr-26
|
|
|
|
PJM West Spark
|
NA
|
NA
|
NA
|
NA
|
Mar-26
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
02/27/26
|
550
|
-1
|
-43
|
02/28/25
|
|
|
|
Canada
|
02/27/26
|
214
|
-10
|
-34
|
02/28/25
|
|
|
|
International
|
Jan-2026
|
1079
|
14
|
-20
|
Jan-2025
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 2/24/2026
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
129,305
|
128,938
|
128,668
|
270
|
|
|
|
PJM West Off Peak
|
122,579
|
122,195
|
122,060
|
135
|
|
|
|
Natural Gas Henry Hub
|
386,132
|
373,153
|
364,669
|
8,484
|
|
|
|
WTI – Light Sweet Crude Futures
|
189,804
|
161,375
|
154,946
|
6,429
|
|
|
|
Brent Crude Last Day
|
336,199
|
327,518
|
328,340
|
-822
|
|
|
|
NYM Ethanol
|
46,170
|
45,295
|
45,467
|
-172
|
|
|
|
Mt Belvieu LDH Propane Swap
|
133,826
|
133,215
|
133,319
|
-104
|
|
|
|
RBOB
|
468,457
|
433,238
|
445,593
|
-12,355
|
|
|
|
HSC Basis
|
842,427
|
836,005
|
836,703
|
-698
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/26/21
|
|
|
|
|
|
2/20/26
|
2/13/26
|
Net Change
|
% Change
|
2/21/25
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
364
|
388
|
-24
|
-6.19%
|
362
|
0.55%
|
401
|
-9.32%
|
|
|
|
Midwest
|
441
|
457
|
-16
|
-3.50%
|
424
|
4.01%
|
487
|
-9.52%
|
|
|
|
Mountain
|
201
|
207
|
-6
|
-2.90%
|
168
|
19.64%
|
130
|
54.85%
|
|
|
|
Pacific
|
259
|
271
|
-12
|
-4.43%
|
198
|
30.81%
|
178
|
45.83%
|
|
|
|
South
|
753
|
747
|
6
|
0.80%
|
688
|
9.45%
|
767
|
-1.83%
|
|
|
|
Salt
|
179
|
168
|
11
|
6.55%
|
159
|
12.58%
|
203
|
-12.00%
|
|
|
|
Non_Salt
|
573
|
579
|
-6
|
-1.04%
|
528
|
8.52%
|
563
|
1.70%
|
|
|
|
Total
|
2,018
|
2,070
|
-52
|
-2.51%
|
1,840
|
9.67%
|
1,963
|
2.79%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/26
|
2/26/26
|
% Change
|
Change
|
1/29/26
|
% Change
|
2/27/25
|
% Change
|
|
|
|
PJM West On Peak
|
Mar-26
|
$47.91
|
$45.86
|
4.47%
|
$2.05
|
$62.84
|
-23.77%
|
$51.14
|
-6.33%
|
|
|
|
ERCOT North On Peak
|
Mar-26
|
$23.65
|
$24.45
|
-3.29%
|
-$0.80
|
$33.13
|
-28.63%
|
$42.61
|
-44.50%
|
|
|
|
CAISO SP 15 On Peak
|
Mar-26
|
$10.54
|
$11.25
|
-6.34%
|
-$0.71
|
$14.01
|
-24.81%
|
$11.18
|
-5.73%
|
|
|
|
MISO Indiana On Peak
|
Mar-26
|
$35.98
|
$34.34
|
4.77%
|
$1.64
|
$44.94
|
-19.95%
|
$46.92
|
-23.32%
|
|
|
|
NEISO Mass On Peak
|
Mar-26
|
$53.97
|
$52.91
|
2.00%
|
$1.06
|
$75.24
|
-28.28%
|
$72.93
|
-26.00%
|
|
|
|
WECC Mid C On Peak
|
Mar-26
|
$23.11
|
$22.50
|
2.73%
|
$0.61
|
$29.49
|
-21.62%
|
$42.92
|
-46.15%
|
|
|
|
NYISO Zone G On Peak
|
Mar-26
|
$51.96
|
$50.23
|
3.45%
|
$1.73
|
$75.56
|
-31.23%
|
$62.09
|
-16.32%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/26
|
2/26/26
|
% Change
|
Change
|
1/29/26
|
% Change
|
2/27/25
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Apr-26
|
$2.859
|
$2.827
|
1.13%
|
$0.03
|
$3.71
|
-22.88%
|
$3.65
|
-21.65%
|
|
|
|
Houston Ship Channel
|
Apr-26
|
-$0.478
|
-$0.457
|
4.64%
|
-$0.02
|
-$0.47
|
2.20%
|
-$0.46
|
3.60%
|
|
|
|
Chicago
|
Apr-26
|
-$0.336
|
-$0.330
|
-1.99%
|
-$0.01
|
-$0.21
|
57.17%
|
-$0.23
|
45.11%
|
|
|
|
Waha
|
Apr-26
|
-$3.999
|
-$3.952
|
-1.18%
|
-$0.05
|
-$3.95
|
1.28%
|
-$3.71
|
7.68%
|
|
|
|
Algonquin
|
Apr-26
|
-$0.080
|
$0.038
|
-312.17%
|
-$0.12
|
$0.11
|
-172.84%
|
$0.50
|
-115.99%
|
|
|
|
Aeco
|
Apr-26
|
-$1.751
|
-$1.759
|
-0.44%
|
$0.01
|
-$2.23
|
-21.54%
|
-$1.62
|
7.84%
|
|
|
|
Socal
|
Apr-26
|
-$1.633
|
-$1.578
|
3.44%
|
-$0.05
|
-$1.89
|
-13.61%
|
-$0.69
|
135.97%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/26
|
2/26/26
|
% Change
|
Change
|
1/29/26
|
% Change
|
2/27/25
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Mar-26
|
$0.631
|
$0.664
|
-4.90%
|
-$0.03
|
$0.66
|
-5.07%
|
$0.78
|
-18.97%
|
|
|
|
Mt. Belvieu Propane non LST
|
Mar-26
|
$0.639
|
$0.628
|
1.79%
|
$0.01
|
$0.67
|
-4.99%
|
$0.80
|
-19.69%
|
|
|
|
Mt. Belview Ethane
|
Mar-26
|
$0.215
|
$0.215
|
0.00%
|
$0.00
|
$0.27
|
-19.63%
|
$0.28
|
-24.54%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Mar-26
|
$1.378
|
$1.344
|
2.51%
|
$0.03
|
$1.33
|
3.61%
|
$1.36
|
1.47%
|
|
|
|
Mt. Belvieu Butane LST
|
Mar-26
|
$0.818
|
$0.816
|
0.25%
|
$0.00
|
$0.78
|
4.29%
|
$0.88
|
-7.17%
|
|
|
|
Far East Propane
|
Mar-26
|
$6.100
|
$6.050
|
0.83%
|
$0.05
|
$5.41
|
12.76%
|
$5.50
|
10.94%
|
|
|
|
Saudi Propane
|
Mar-26
|
$5.497
|
$5.540
|
-0.77%
|
-$0.04
|
$5.35
|
2.76%
|
$5.32
|
3.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/26
|
2/26/26
|
% Change
|
Change
|
1/29/26
|
% Change
|
2/27/25
|
% Change
|
|
|
|
WTI
|
Apr-26
|
$67.02
|
$65.21
|
2.70%
|
$1.81
|
$65.01
|
3.09%
|
$65.65
|
2.09%
|
|
|
|
Brent
|
Apr-26
|
$70.75
|
$70.75
|
0.00%
|
$0.00
|
$69.59
|
1.67%
|
$69.44
|
1.89%
|
|
|
|
WCS
|
Apr-26
|
-$14.16
|
-$15.03
|
-6.15%
|
$0.87
|
-$14.01
|
1.06%
|
-$14.21
|
-0.37%
|
|
|
|
LLS
|
Apr-26
|
$68.26
|
$66.69
|
2.31%
|
$1.58
|
$64.84
|
5.27%
|
$69.13
|
-1.25%
|
|
|
|
Mars
|
Apr-26
|
$65.88
|
$66.24
|
-0.55%
|
-$0.36
|
$62.32
|
5.70%
|
$66.24
|
-0.54%
|
|
|
|
Sour
|
Apr-26
|
$67.32
|
$65.51
|
2.69%
|
$1.81
|
$63.90
|
5.35%
|
$65.61
|
2.60%
|
|
|
|
ESPO
|
Apr-26
|
$68.75
|
$68.75
|
0.00%
|
$0.00
|
$67.59
|
1.72%
|
$67.44
|
1.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/26
|
2/26/26
|
% Change
|
Change
|
1/29/26
|
% Change
|
2/27/25
|
% Change
|
|
|
|
NY Heating Oil
|
Mar-26
|
$2.69
|
$2.51
|
7.20%
|
$0.18
|
$2.50
|
7.72%
|
$2.23
|
20.81%
|
|
|
|
NY Gasoline
|
Mar-26
|
$2.27
|
$2.03
|
12.09%
|
$0.25
|
$1.93
|
17.60%
|
$1.91
|
18.89%
|
|
|
|
GC Gasoline
|
Mar-26
|
$2.13
|
$1.89
|
12.98%
|
$0.25
|
$1.79
|
18.97%
|
$1.81
|
17.73%
|
|
|
|
GC Jet
|
Mar-26
|
$2.26
|
$2.31
|
-2.38%
|
-$0.05
|
$2.24
|
0.67%
|
$2.05
|
9.84%
|
|
|
|
Chicago Ethanol
|
Mar-26
|
$1.79
|
$1.79
|
0.00%
|
$0.00
|
$1.61
|
11.18%
|
$1.62
|
10.56%
|
|
|
|
Rotterdam Gasoil
|
Mar-26
|
$649.20
|
$640.04
|
1.43%
|
$9.16
|
$642.04
|
1.12%
|
$605.74
|
7.17%
|
|
|
|
Singapore Jet Kero
|
Mar-26
|
$92.28
|
$92.23
|
0.06%
|
$0.05
|
$88.26
|
4.56%
|
$85.14
|
8.39%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/26
|
2/26/26
|
% Change
|
Change
|
1/29/26
|
% Change
|
2/27/25
|
% Change
|
|
|
|
Henry Hub Straddle
|
Apr-26
|
53.19%
|
52.78%
|
0.78%
|
0.41%
|
66.46%
|
-19.97%
|
36.77%
|
44.66%
|
|
|
|
Algonquin Straddle
|
Apr-26
|
115.14%
|
112.09%
|
2.72%
|
3.05%
|
71.11%
|
61.92%
|
36.48%
|
215.63%
|
|
|
|
Waha Straddle
|
Apr-26
|
1084.73%
|
1155.08%
|
-6.09%
|
-70.35%
|
1118.39%
|
-3.01%
|
840.29%
|
29.09%
|
|
|
|
Chicago Straddle
|
Apr-26
|
56.68%
|
56.46%
|
0.39%
|
0.22%
|
70.95%
|
-20.11%
|
39.05%
|
45.15%
|
|
|
|
PJM West Straddle
|
Apr-26
|
39.22%
|
42.34%
|
-7.37%
|
-3.12%
|
46.67%
|
-15.96%
|
48.64%
|
-19.37%
|
|
|
|
SP – 15 Straddle
|
Apr-26
|
643.47%
|
332.41%
|
93.58%
|
311.06%
|
266.09%
|
141.82%
|
173.78%
|
270.28%
|
|
|
|
Mid. C Straddle
|
Apr-26
|
33.24%
|
24.60%
|
35.12%
|
8.64%
|
38.89%
|
-14.53%
|
20.75%
|
60.19%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/26
|
2/26/26
|
% Change
|
Change
|
1/29/26
|
% Change
|
2/27/25
|
% Change
|
|
|
|
Dutch TTF
|
Apr-26
|
EUR 31.89
|
EUR 31.90
|
-0.02%
|
-EUR 0.01
|
EUR 34.56
|
-7.73%
|
EUR 36.54
|
-12.74%
|
|
|
|
NBP
|
Apr-26
|
GBP 77.91
|
GBP 77.83
|
0.10%
|
GBP 0.08
|
GBP 83.48
|
-6.67%
|
GBP 92.34
|
-15.62%
|
|
|
|
German Base
|
Apr-26
|
EUR 73.32
|
EUR 73.70
|
-0.52%
|
-EUR 0.38
|
EUR 85.17
|
-13.91%
|
EUR 76.42
|
-4.06%
|
|
|
|
UK Base
|
Apr-26
|
GBP 71.18
|
GBP 66.69
|
6.73%
|
GBP 4.49
|
GBP 78.83
|
-9.70%
|
GBP 73.00
|
-2.49%
|
|
|
|
French Base
|
Apr-26
|
EUR 30.34
|
EUR 27.29
|
11.20%
|
EUR 3.06
|
EUR 45.03
|
-32.62%
|
EUR 43.90
|
-30.87%
|
|
|
|
Italian Base
|
Apr-26
|
EUR 93.72
|
EUR 88.12
|
6.36%
|
EUR 5.60
|
EUR 105.59
|
-11.24%
|
EUR 103.57
|
-9.51%
|
|
|
|
JKM LNG
|
Apr-26
|
$10.75
|
$10.96
|
-1.85%
|
-$0.20
|
$11.81
|
-8.94%
|
$13.17
|
-18.36%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
2/27/26
|
2/26/26
|
% Change
|
Change
|
1/29/26
|
% Change
|
2/27/25
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-26
|
$31.89
|
$31.90
|
-0.02%
|
-$0.01
|
$34.56
|
-7.73%
|
$36.54
|
-12.74%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-26
|
$77.91
|
$77.83
|
0.10%
|
$0.08
|
$83.48
|
-6.67%
|
$92.34
|
-15.62%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-26
|
$73.32
|
$73.70
|
-0.52%
|
-$0.38
|
$85.17
|
-13.91%
|
$76.42
|
-4.06%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-26
|
$71.18
|
$66.69
|
6.73%
|
$4.49
|
$78.83
|
-9.70%
|
$73.00
|
-2.49%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-26
|
$30.34
|
$27.29
|
11.20%
|
$3.06
|
$45.03
|
-32.62%
|
$43.90
|
-30.87%
|
|
|
|
Supramax Timecharter (DRY)
|
Apr-26
|
$93.72
|
$88.12
|
6.36%
|
$5.60
|
$105.59
|
-11.24%
|
$103.57
|
-9.51%
|
|
|
|
Capesize Timecharter (DRY)
|
Apr-26
|
$10.75
|
$10.96
|
-1.85%
|
-$0.20
|
$11.81
|
-8.94%
|
$13.17
|
-18.36%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/28/2026
|
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
|
5
|
-4
|
-1
|
41
|
-23
|
-8
|
NA
|
NA
|
|
|
|
E S Central
|
0
|
-3
|
0
|
3
|
-9
|
2
|
NA
|
NA
|
|
|
|
W S Central
|
12
|
7
|
9
|
52
|
23
|
22
|
NA
|
NA
|
|
|
|
Mountain
|
4
|
3
|
3
|
5
|
1
|
2
|
NA
|
NA
|
|
|
|
Pacific
|
2
|
1
|
2
|
2
|
-1
|
2
|
NA
|
NA
|
|
|
|
United States
|
3
|
0
|
1
|
14
|
-3
|
2
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
02/28/2026
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
260
|
12
|
49
|
4,912
|
144
|
339
|
3.00%
|
7.00%
|
|
|
|
Middle Atlantic
|
228
|
-1
|
41
|
4,445
|
113
|
388
|
3.00%
|
10.00%
|
|
|
|
E N Central
|
242
|
0
|
39
|
4,747
|
-88
|
260
|
-2.00%
|
6.00%
|
|
|
|
W N Central
|
241
|
-2
|
58
|
4,558
|
-605
|
-227
|
-12.00%
|
-5.00%
|
|
|
|
South Atlantic
|
122
|
9
|
22
|
2,269
|
36
|
150
|
2.00%
|
7.00%
|
|
|
|
E S Central
|
145
|
8
|
13
|
2,690
|
-163
|
83
|
-6.00%
|
3.00%
|
|
|
|
W S Central
|
66
|
-20
|
-18
|
1,491
|
-421
|
-197
|
-22.00%
|
-12.00%
|
|
|
|
Mountain
|
119
|
-49
|
-12
|
2,974
|
-861
|
-529
|
-22.00%
|
-15.00%
|
|
|
|
Pacific
|
63
|
-40
|
1
|
1,749
|
-507
|
-355
|
-22.00%
|
-17.00%
|
|
|
|
United States
|
157
|
-9
|
21
|
3,171
|
-217
|
20
|
-6.00%
|
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
