|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:01 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$2.990
|
$3.054
|
-2.10%
|
-$0.064
|
27,358
|
|
|
|
WTI
|
$74.45
|
$74.56
|
-0.15%
|
-$0.11
|
228,165
|
|
|
|
Brent
|
$81.80
|
$81.40
|
0.49%
|
$0.40
|
67,451
|
|
|
|
ULSD
|
$3.165
|
$3.187
|
-0.69%
|
-$0.022
|
25,913
|
|
|
|
RBOB
|
$2.474
|
$2.457
|
0.66%
|
$0.016
|
23,984
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$8.56
|
$7.85
|
9.04%
|
$0.71
|
May-26
|
|
|
|
3:2:1 Crack
|
$36.70
|
$36.80
|
-0.28%
|
-$0.10
|
Apr-26
|
|
|
|
PJM West Spark
|
$52.84
|
$48.25
|
9.50%
|
$4.58
|
Apr-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
|
3/3/26
|
3/2/26
|
% Change
|
Change
|
2/2/26
|
% Change
|
3/3/25
|
% Change
|
|
|
|
PJM West On Peak
|
Apr-26
|
$59.29
|
$54.79
|
8.22%
|
$4.50
|
$66.99
|
-11.50%
|
$50.06
|
18.43%
|
|
|
|
ERCOT North On Peak
|
Apr-26
|
$31.47
|
$31.32
|
0.48%
|
$0.15
|
$39.59
|
-20.50%
|
$40.94
|
-23.12%
|
|
|
|
CAISO SP 15 On Peak
|
Apr-26
|
$7.79
|
$7.50
|
3.85%
|
$0.29
|
$9.10
|
-14.37%
|
$6.08
|
28.15%
|
|
|
|
MISO Indiana On Peak
|
Apr-26
|
$47.29
|
$45.90
|
3.02%
|
$1.38
|
$54.77
|
-13.66%
|
$47.84
|
-1.15%
|
|
|
|
NEISO Mass On Peak
|
Apr-26
|
$48.03
|
$48.95
|
-1.87%
|
-$0.92
|
$49.73
|
-3.41%
|
$48.84
|
-1.66%
|
|
|
|
WECC Mid C On Peak
|
Apr-26
|
$31.96
|
$32.00
|
-0.14%
|
-$0.04
|
$30.04
|
6.39%
|
$36.11
|
-11.52%
|
|
|
|
NYISO Zone G On Peak
|
Apr-26
|
$50.27
|
$49.39
|
1.77%
|
$0.87
|
$48.13
|
4.44%
|
$45.91
|
9.49%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/3/26
|
3/2/26
|
% Change
|
Change
|
2/2/26
|
% Change
|
3/3/25
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Apr-26
|
$3.054
|
$2.960
|
3.18%
|
$0.09
|
$3.17
|
-3.75%
|
$3.75
|
-18.54%
|
|
|
|
Houston Ship Channel
|
Apr-26
|
-$0.442
|
-$0.465
|
-4.84%
|
$0.02
|
-$0.52
|
-14.38%
|
-$0.47
|
-6.68%
|
|
|
|
Chicago
|
Apr-26
|
-$0.295
|
-$0.320
|
8.47%
|
$0.03
|
-$0.19
|
55.92%
|
-$0.25
|
19.43%
|
|
|
|
Waha
|
Apr-26
|
-$4.390
|
-$4.330
|
-1.39%
|
-$0.06
|
-$4.61
|
-4.83%
|
-$3.72
|
18.04%
|
|
|
|
Algonquin
|
Apr-26
|
-$0.155
|
-$0.087
|
-78.37%
|
-$0.07
|
$0.19
|
-182.49%
|
$0.50
|
-130.88%
|
|
|
|
Aeco
|
Apr-26
|
-$1.745
|
-$1.775
|
-1.66%
|
$0.03
|
-$2.04
|
-14.52%
|
-$1.65
|
5.51%
|
|
|
|
Socal
|
Apr-26
|
-$1.750
|
-$1.690
|
3.55%
|
-$0.06
|
-$1.74
|
0.86%
|
-$0.72
|
142.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/3/26
|
3/2/26
|
% Change
|
Change
|
2/2/26
|
% Change
|
3/3/25
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Apr-26
|
$0.748
|
$0.708
|
5.65%
|
$0.04
|
$0.63
|
17.92%
|
$0.73
|
2.77%
|
|
|
|
Mt. Belvieu Propane non LST
|
Apr-26
|
$0.723
|
$0.664
|
8.74%
|
$0.06
|
$0.64
|
13.12%
|
$0.73
|
-0.68%
|
|
|
|
Mt. Belview Ethane
|
Apr-26
|
$0.238
|
$0.228
|
4.40%
|
$0.01
|
$0.26
|
-7.84%
|
$0.26
|
-9.23%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Apr-26
|
$1.475
|
$1.450
|
1.72%
|
$0.03
|
$1.25
|
18.09%
|
$1.31
|
12.99%
|
|
|
|
Mt. Belvieu Butane LST
|
Apr-26
|
$0.901
|
$0.841
|
7.17%
|
$0.06
|
$0.75
|
19.62%
|
$0.83
|
8.34%
|
|
|
|
Far East Propane
|
Apr-26
|
$6.655
|
$6.299
|
5.66%
|
$0.36
|
$5.07
|
31.21%
|
$5.26
|
26.62%
|
|
|
|
Saudi Propane
|
Apr-26
|
$6.012
|
$5.870
|
2.42%
|
$0.14
|
$5.10
|
17.91%
|
$5.07
|
18.58%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/3/26
|
3/2/26
|
% Change
|
Change
|
2/2/26
|
% Change
|
3/3/25
|
% Change
|
|
|
|
WTI
|
Apr-26
|
$74.56
|
$71.23
|
4.47%
|
$3.33
|
$61.72
|
20.80%
|
$64.43
|
15.72%
|
|
|
|
Brent
|
Apr-26
|
$82.76
|
$78.51
|
5.14%
|
$4.26
|
$66.30
|
24.83%
|
$68.19
|
21.37%
|
|
|
|
WCS
|
Apr-26
|
-$13.59
|
-$14.65
|
-7.83%
|
$1.06
|
-$14.10
|
-3.66%
|
-$14.57
|
-6.77%
|
|
|
|
LLS
|
Apr-26
|
$76.11
|
$68.72
|
9.71%
|
$7.39
|
$63.97
|
18.98%
|
$67.39
|
12.95%
|
|
|
|
Mars
|
Apr-26
|
$73.52
|
$67.23
|
8.55%
|
$6.29
|
$59.73
|
23.08%
|
$64.70
|
13.62%
|
|
|
|
Sour
|
Apr-26
|
$73.59
|
$70.04
|
4.83%
|
$3.55
|
$63.09
|
16.64%
|
$65.29
|
12.70%
|
|
|
|
ESPO
|
Apr-26
|
$80.76
|
$76.51
|
5.27%
|
$4.26
|
$64.30
|
25.60%
|
$66.19
|
22.01%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/3/26
|
3/2/26
|
% Change
|
Change
|
2/2/26
|
% Change
|
3/3/25
|
% Change
|
|
|
|
NY Heating Oil
|
Apr-26
|
$3.17
|
$2.94
|
7.78%
|
$0.23
|
$2.28
|
39.06%
|
$2.15
|
47.60%
|
|
|
|
NY Gasoline
|
Apr-26
|
$2.45
|
$2.38
|
2.77%
|
$0.07
|
$2.08
|
17.51%
|
$2.09
|
17.12%
|
|
|
|
GC Gasoline
|
Apr-26
|
$2.31
|
$2.24
|
2.94%
|
$0.07
|
$1.94
|
18.78%
|
$1.99
|
15.97%
|
|
|
|
GC Jet
|
Apr-26
|
$2.94
|
$2.42
|
21.54%
|
$0.52
|
$2.33
|
26.39%
|
$2.02
|
46.08%
|
|
|
|
Chicago Ethanol
|
Apr-26
|
$1.80
|
$1.81
|
-0.72%
|
-$0.01
|
$1.64
|
9.89%
|
$1.43
|
25.61%
|
|
|
|
Rotterdam Gasoil
|
Apr-26
|
$749.34
|
$706.00
|
6.14%
|
$43.34
|
$592.07
|
26.56%
|
$633.05
|
18.37%
|
|
|
|
Singapore Jet Kero
|
Apr-26
|
$114.87
|
$103.17
|
11.35%
|
$11.71
|
$83.59
|
37.43%
|
$84.36
|
36.17%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/3/26
|
3/2/26
|
% Change
|
Change
|
2/2/26
|
% Change
|
3/3/25
|
% Change
|
|
|
|
Henry Hub Straddle
|
Apr-26
|
54.13%
|
49.81%
|
8.67%
|
4.32%
|
103.58%
|
-47.74%
|
35.07%
|
54.35%
|
|
|
|
Algonquin Straddle
|
Apr-26
|
128.88%
|
109.58%
|
17.61%
|
19.30%
|
96.75%
|
33.21%
|
34.10%
|
277.95%
|
|
|
|
Waha Straddle
|
Apr-26
|
1020.42%
|
1075.90%
|
-5.16%
|
-55.48%
|
1666.85%
|
-38.78%
|
861.33%
|
18.47%
|
|
|
|
Chicago Straddle
|
Apr-26
|
61.48%
|
53.99%
|
13.87%
|
7.49%
|
105.99%
|
-41.99%
|
35.62%
|
72.60%
|
|
|
|
PJM West Straddle
|
Apr-26
|
41.14%
|
40.05%
|
2.72%
|
1.09%
|
49.75%
|
-17.31%
|
47.89%
|
-14.09%
|
|
|
|
SP – 15 Straddle
|
Apr-26
|
316.88%
|
307.54%
|
3.04%
|
9.34%
|
269.01%
|
17.79%
|
161.72%
|
95.94%
|
|
|
|
Mid. C Straddle
|
Apr-26
|
31.29%
|
26.71%
|
17.15%
|
4.58%
|
37.13%
|
-15.73%
|
20.08%
|
55.83%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/3/26
|
3/2/26
|
% Change
|
Change
|
2/2/26
|
% Change
|
3/3/25
|
% Change
|
|
|
|
Dutch TTF
|
Apr-26
|
EUR 53.60
|
EUR 43.30
|
23.80%
|
EUR 10.31
|
EUR 31.27
|
71.43%
|
EUR 37.03
|
44.75%
|
|
|
|
NBP
|
Apr-26
|
GBP 138.42
|
GBP 110.72
|
25.02%
|
GBP 27.70
|
GBP 74.69
|
85.33%
|
GBP 92.48
|
49.68%
|
|
|
|
German Base
|
Apr-26
|
EUR 99.98
|
EUR 87.31
|
14.51%
|
EUR 12.67
|
EUR 79.30
|
26.08%
|
EUR 75.46
|
32.50%
|
|
|
|
UK Base
|
Apr-26
|
GBP 106.95
|
GBP 85.30
|
25.39%
|
GBP 21.65
|
GBP 76.66
|
39.52%
|
GBP 74.15
|
44.23%
|
|
|
|
French Base
|
Apr-26
|
EUR 41.39
|
EUR 35.90
|
15.27%
|
EUR 5.48
|
EUR 34.06
|
21.49%
|
EUR 44.68
|
-7.37%
|
|
|
|
Italian Base
|
Apr-26
|
EUR 133.24
|
EUR 111.34
|
19.66%
|
EUR 21.89
|
EUR 101.72
|
30.98%
|
EUR 101.49
|
31.29%
|
|
|
|
JKM LNG
|
Apr-26
|
$18.73
|
$17.33
|
8.07%
|
$1.40
|
$10.52
|
78.03%
|
$12.50
|
49.86%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/3/26
|
3/2/26
|
% Change
|
Change
|
2/2/26
|
% Change
|
3/3/25
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Apr-26
|
$53.60
|
$43.30
|
23.80%
|
$10.31
|
$31.27
|
71.43%
|
$37.03
|
44.75%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Apr-26
|
$138.42
|
$110.72
|
25.02%
|
$27.70
|
$74.69
|
85.33%
|
$92.48
|
49.68%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Apr-26
|
$99.98
|
$87.31
|
14.51%
|
$12.67
|
$79.30
|
26.08%
|
$75.46
|
32.50%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Apr-26
|
$106.95
|
$85.30
|
25.39%
|
$21.65
|
$76.66
|
39.52%
|
$74.15
|
44.23%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Apr-26
|
$41.39
|
$35.90
|
15.27%
|
$5.48
|
$34.06
|
21.49%
|
$44.68
|
-7.37%
|
|
|
|
Supramax Timecharter (DRY)
|
Apr-26
|
$133.24
|
$111.34
|
19.66%
|
$21.89
|
$101.72
|
30.98%
|
$101.49
|
31.29%
|
|
|
|
Capesize Timecharter (DRY)
|
Apr-26
|
$18.73
|
$17.33
|
8.07%
|
$1.40
|
$10.52
|
78.03%
|
$12.50
|
49.86%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
