|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 8:59 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$2.928
|
$2.891
|
1.28%
|
$0.037
|
14,912
|
|
|
|
WTI
|
$92.16
|
$88.13
|
4.57%
|
$4.03
|
170,795
|
|
|
|
Brent
|
$103.29
|
$99.94
|
3.35%
|
$3.35
|
31,413
|
|
|
|
ULSD
|
$4.279
|
$4.056
|
5.49%
|
$0.222
|
1,750
|
|
|
|
RBOB
|
$3.087
|
$2.975
|
3.78%
|
$0.112
|
2,576
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$11.09
|
$11.81
|
-6.10%
|
-$0.72
|
May-26
|
|
|
|
3:2:1 Crack
|
$49.16
|
$46.38
|
6.00%
|
$2.78
|
May-26
|
|
|
|
PJM West Spark
|
$51.01
|
$51.95
|
-1.80%
|
-$0.94
|
Apr-26
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
03/20/26
|
552
|
-1
|
-41
|
03/21/25
|
|
|
|
Canada
|
03/20/26
|
177
|
-20
|
-3
|
03/21/25
|
|
|
|
International
|
Feb-2026
|
1112
|
33
|
15
|
Feb-2025
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 3/17/2026
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
122,378
|
121,917
|
121,807
|
110
|
|
|
|
PJM West Off Peak
|
117,622
|
117,227
|
116,953
|
274
|
|
|
|
Natural Gas Henry Hub
|
383,745
|
367,431
|
362,400
|
5,031
|
|
|
|
WTI – Light Sweet Crude Futures
|
213,364
|
182,289
|
178,156
|
4,133
|
|
|
|
Brent Crude Last Day
|
462,542
|
452,598
|
454,578
|
-1,980
|
|
|
|
NYM Ethanol
|
49,169
|
48,611
|
48,519
|
92
|
|
|
|
Mt Belvieu LDH Propane Swap
|
125,933
|
125,225
|
125,356
|
-131
|
|
|
|
RBOB
|
383,123
|
352,904
|
370,957
|
-18,053
|
|
|
|
HSC Basis
|
868,792
|
862,449
|
864,773
|
-2,324
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/19/21
|
|
|
|
|
|
3/13/26
|
3/6/26
|
Net Change
|
% Change
|
3/14/25
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
302
|
294
|
8
|
2.72%
|
295
|
2.37%
|
326
|
-7.42%
|
|
|
|
Midwest
|
374
|
375
|
-1
|
-0.27%
|
366
|
2.19%
|
420
|
-10.99%
|
|
|
|
Mountain
|
201
|
200
|
1
|
0.50%
|
165
|
21.82%
|
123
|
63.68%
|
|
|
|
Pacific
|
258
|
259
|
-1
|
-0.39%
|
193
|
33.68%
|
166
|
55.23%
|
|
|
|
South
|
747
|
721
|
26
|
3.61%
|
688
|
8.58%
|
779
|
-4.16%
|
|
|
|
Salt
|
192
|
177
|
15
|
8.47%
|
181
|
6.08%
|
223
|
-13.82%
|
|
|
|
Non_Salt
|
555
|
544
|
11
|
2.02%
|
508
|
9.25%
|
557
|
-0.36%
|
|
|
|
Total
|
1,883
|
1,848
|
35
|
1.89%
|
1,707
|
10.31%
|
1,815
|
3.76%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/23/26
|
3/20/26
|
% Change
|
Change
|
2/23/26
|
% Change
|
3/21/25
|
% Change
|
|
|
|
PJM West On Peak
|
Apr-26
|
$57.27
|
$58.13
|
-1.49%
|
-$0.87
|
$54.76
|
4.57%
|
$53.61
|
6.83%
|
|
|
|
ERCOT North On Peak
|
Apr-26
|
$27.95
|
$29.79
|
-6.16%
|
-$1.84
|
$27.10
|
3.16%
|
$41.54
|
-32.70%
|
|
|
|
CAISO SP 15 On Peak
|
Apr-26
|
$8.92
|
$9.40
|
-5.10%
|
-$0.48
|
$11.75
|
-24.04%
|
$8.05
|
10.83%
|
|
|
|
MISO Indiana On Peak
|
Apr-26
|
$40.86
|
$43.42
|
-5.88%
|
-$2.55
|
$44.31
|
-7.78%
|
$49.58
|
-17.59%
|
|
|
|
NEISO Mass On Peak
|
Apr-26
|
$42.79
|
$46.91
|
-8.79%
|
-$4.12
|
$46.92
|
-8.80%
|
$50.29
|
-14.91%
|
|
|
|
WECC Mid C On Peak
|
Apr-26
|
$18.75
|
$21.88
|
-14.30%
|
-$3.13
|
$37.18
|
-49.57%
|
$39.83
|
-52.93%
|
|
|
|
NYISO Zone G On Peak
|
Apr-26
|
$44.14
|
$48.64
|
-9.25%
|
-$4.50
|
$46.83
|
-5.73%
|
$46.51
|
-5.09%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/23/26
|
3/20/26
|
% Change
|
Change
|
2/23/26
|
% Change
|
3/21/25
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Apr-26
|
$2.891
|
$3.095
|
-6.59%
|
-$0.20
|
$2.92
|
-1.03%
|
$3.93
|
-26.48%
|
|
|
|
Houston Ship Channel
|
Apr-26
|
-$0.442
|
-$0.460
|
-3.80%
|
$0.02
|
-$0.48
|
-8.59%
|
-$0.43
|
1.94%
|
|
|
|
Chicago
|
Apr-26
|
-$0.382
|
-$0.390
|
1.96%
|
$0.01
|
-$0.34
|
13.10%
|
-$0.29
|
32.08%
|
|
|
|
Waha
|
Apr-26
|
-$5.700
|
-$6.070
|
-6.10%
|
$0.37
|
-$4.20
|
35.81%
|
-$3.77
|
51.24%
|
|
|
|
Algonquin
|
Apr-26
|
-$0.360
|
-$0.423
|
14.79%
|
$0.06
|
-$0.10
|
243.18%
|
$0.33
|
-209.69%
|
|
|
|
Aeco
|
Apr-26
|
-$1.615
|
-$1.770
|
-8.76%
|
$0.15
|
-$1.73
|
-6.48%
|
-$1.88
|
-14.31%
|
|
|
|
Socal
|
Apr-26
|
-$1.565
|
-$1.695
|
-7.67%
|
$0.13
|
-$1.52
|
2.69%
|
-$0.66
|
137.12%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/23/26
|
3/20/26
|
% Change
|
Change
|
2/23/26
|
% Change
|
3/21/25
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Apr-26
|
$0.835
|
$0.855
|
-2.34%
|
-$0.02
|
$0.65
|
27.97%
|
$0.74
|
12.37%
|
|
|
|
Mt. Belvieu Propane non LST
|
Apr-26
|
$0.773
|
$0.816
|
-5.36%
|
-$0.04
|
$0.62
|
23.85%
|
$0.75
|
3.63%
|
|
|
|
Mt. Belview Ethane
|
Apr-26
|
$0.234
|
$0.244
|
-4.10%
|
-$0.01
|
$0.22
|
4.44%
|
$0.28
|
-15.93%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Apr-26
|
$2.028
|
$2.270
|
-10.68%
|
-$0.24
|
$1.32
|
53.90%
|
$1.32
|
53.07%
|
|
|
|
Mt. Belvieu Butane LST
|
Apr-26
|
$1.121
|
$1.159
|
-3.27%
|
-$0.04
|
$0.76
|
47.79%
|
$0.83
|
34.91%
|
|
|
|
Far East Propane
|
Apr-26
|
$9.150
|
$9.420
|
-2.87%
|
-$0.27
|
$5.34
|
71.51%
|
$5.27
|
73.51%
|
|
|
|
Saudi Propane
|
Apr-26
|
$6.060
|
$6.050
|
0.17%
|
$0.01
|
$5.22
|
16.09%
|
$5.18
|
17.08%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/23/26
|
3/20/26
|
% Change
|
Change
|
2/23/26
|
% Change
|
3/21/25
|
% Change
|
|
|
|
WTI
|
May-26
|
$88.13
|
$98.23
|
-11.46%
|
-$10.10
|
$66.13
|
33.27%
|
$64.34
|
36.98%
|
|
|
|
Brent
|
May-26
|
$99.94
|
$112.19
|
-12.26%
|
-$12.25
|
$71.11
|
40.54%
|
$68.06
|
46.84%
|
|
|
|
WCS
|
May-26
|
-$11.37
|
-$11.08
|
2.55%
|
-$0.29
|
-$13.77
|
-17.44%
|
-$13.55
|
-16.08%
|
|
|
|
LLS
|
May-26
|
$89.40
|
$96.60
|
-8.05%
|
-$7.20
|
$66.96
|
33.52%
|
$67.01
|
33.42%
|
|
|
|
Mars
|
May-26
|
$91.69
|
$98.54
|
-7.48%
|
-$6.86
|
$65.31
|
40.40%
|
$65.21
|
40.61%
|
|
|
|
Sour
|
May-26
|
$94.93
|
$95.26
|
-0.34%
|
-$0.33
|
$65.93
|
43.99%
|
$64.40
|
47.41%
|
|
|
|
ESPO
|
May-26
|
$97.94
|
$110.19
|
-12.51%
|
-$12.25
|
$69.11
|
41.72%
|
$66.06
|
48.26%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/23/26
|
3/20/26
|
% Change
|
Change
|
2/23/26
|
% Change
|
3/21/25
|
% Change
|
|
|
|
NY Heating Oil
|
Apr-26
|
$4.04
|
$4.66
|
-13.27%
|
-$0.62
|
$2.53
|
59.84%
|
$2.15
|
87.74%
|
|
|
|
NY Gasoline
|
Apr-26
|
$2.95
|
$3.30
|
-10.70%
|
-$0.35
|
$2.26
|
30.59%
|
$2.07
|
42.46%
|
|
|
|
GC Gasoline
|
Apr-26
|
$2.81
|
$3.16
|
-11.17%
|
-$0.35
|
$2.12
|
32.61%
|
$1.97
|
42.58%
|
|
|
|
GC Jet
|
Apr-26
|
$4.06
|
$4.91
|
-17.23%
|
-$0.85
|
$2.25
|
80.36%
|
$2.13
|
90.52%
|
|
|
|
Chicago Ethanol
|
Apr-26
|
$1.98
|
$2.00
|
-1.00%
|
-$0.02
|
$1.76
|
12.22%
|
$1.74
|
13.70%
|
|
|
|
Rotterdam Gasoil
|
Apr-26
|
$1,032.53
|
$1,031.55
|
0.10%
|
$0.98
|
$674.25
|
53.14%
|
$637.30
|
62.02%
|
|
|
|
Singapore Jet Kero
|
Apr-26
|
$192.34
|
$179.78
|
6.99%
|
$12.56
|
$90.39
|
112.79%
|
$84.98
|
126.34%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/23/26
|
3/20/26
|
% Change
|
Change
|
2/23/26
|
% Change
|
3/21/25
|
% Change
|
|
|
|
Henry Hub Straddle
|
May-26
|
76.07%
|
73.37%
|
3.68%
|
2.70%
|
57.00%
|
33.46%
|
41.38%
|
83.83%
|
|
|
|
Algonquin Straddle
|
May-26
|
161.44%
|
160.50%
|
0.59%
|
0.94%
|
99.79%
|
61.78%
|
44.69%
|
261.24%
|
|
|
|
Waha Straddle
|
May-26
|
212.14%
|
199.71%
|
6.22%
|
12.43%
|
1186.34%
|
-82.12%
|
523.52%
|
-59.48%
|
|
|
|
Chicago Straddle
|
May-26
|
81.35%
|
76.49%
|
6.35%
|
4.86%
|
61.77%
|
31.70%
|
45.78%
|
77.70%
|
|
|
|
PJM West Straddle
|
May-26
|
46.27%
|
45.96%
|
0.67%
|
0.31%
|
44.02%
|
5.11%
|
55.90%
|
-17.23%
|
|
|
|
SP – 15 Straddle
|
May-26
|
300.05%
|
297.04%
|
1.01%
|
3.01%
|
295.48%
|
1.55%
|
253.19%
|
18.51%
|
|
|
|
Mid. C Straddle
|
May-26
|
77.17%
|
54.22%
|
42.33%
|
22.95%
|
23.60%
|
226.99%
|
54.07%
|
42.72%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/23/26
|
3/20/26
|
% Change
|
Change
|
2/23/26
|
% Change
|
3/21/25
|
% Change
|
|
|
|
Dutch TTF
|
May-26
|
EUR 56.31
|
EUR 59.53
|
-5.41%
|
-EUR 3.22
|
EUR 30.80
|
82.81%
|
EUR 34.28
|
64.26%
|
|
|
|
NBP
|
May-26
|
GBP 142.00
|
GBP 151.00
|
-5.96%
|
-GBP 9.00
|
GBP 76.13
|
86.52%
|
GBP 84.03
|
68.99%
|
|
|
|
German Base
|
May-26
|
EUR 89.88
|
EUR 91.19
|
-1.44%
|
-EUR 1.31
|
EUR 65.59
|
37.03%
|
EUR 70.35
|
27.76%
|
|
|
|
UK Base
|
May-26
|
GBP 101.31
|
GBP 108.39
|
-6.53%
|
-GBP 7.07
|
GBP 67.41
|
50.29%
|
GBP 68.58
|
47.72%
|
|
|
|
French Base
|
May-26
|
EUR 23.79
|
EUR 25.04
|
-4.98%
|
-EUR 1.25
|
EUR 17.77
|
33.85%
|
EUR 38.63
|
-38.41%
|
|
|
|
Italian Base
|
May-26
|
EUR 142.11
|
EUR 137.90
|
3.05%
|
EUR 4.21
|
EUR 86.72
|
63.87%
|
EUR 94.10
|
51.02%
|
|
|
|
JKM LNG
|
May-26
|
$20.29
|
$22.06
|
-8.00%
|
-$1.76
|
$10.62
|
91.09%
|
$12.40
|
63.67%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/23/26
|
3/20/26
|
% Change
|
Change
|
2/23/26
|
% Change
|
3/21/25
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
May-26
|
$56.31
|
$59.53
|
-5.41%
|
-$3.22
|
$30.80
|
82.81%
|
$34.28
|
64.26%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
May-26
|
$142.00
|
$151.00
|
-5.96%
|
-$9.00
|
$76.13
|
86.52%
|
$84.03
|
68.99%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
May-26
|
$89.88
|
$91.19
|
-1.44%
|
-$1.31
|
$65.59
|
37.03%
|
$70.35
|
27.76%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
May-26
|
$101.31
|
$108.39
|
-6.53%
|
-$7.07
|
$67.41
|
50.29%
|
$68.58
|
47.72%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
May-26
|
$23.79
|
$25.04
|
-4.98%
|
-$1.25
|
$17.77
|
33.85%
|
$38.63
|
-38.41%
|
|
|
|
Supramax Timecharter (DRY)
|
May-26
|
$142.11
|
$137.90
|
3.05%
|
$4.21
|
$86.72
|
63.87%
|
$94.10
|
51.02%
|
|
|
|
Capesize Timecharter (DRY)
|
May-26
|
$20.29
|
$22.06
|
-8.00%
|
-$1.76
|
$10.62
|
91.09%
|
$12.40
|
63.67%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/21/2026
|
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
|
-1
|
0
|
NA
|
NA
|
|
|
|
W N Central
|
3
|
2
|
3
|
3
|
1
|
3
|
NA
|
NA
|
|
|
|
South Atlantic
|
7
|
-5
|
-2
|
90
|
-5
|
17
|
NA
|
NA
|
|
|
|
E S Central
|
1
|
-4
|
-1
|
25
|
1
|
20
|
NA
|
NA
|
|
|
|
W S Central
|
18
|
6
|
8
|
127
|
66
|
65
|
NA
|
NA
|
|
|
|
Mountain
|
18
|
16
|
18
|
29
|
20
|
27
|
NA
|
NA
|
|
|
|
Pacific
|
22
|
21
|
22
|
24
|
19
|
24
|
NA
|
NA
|
|
|
|
United States
|
8
|
3
|
5
|
38
|
10
|
17
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/21/2026
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
199
|
-3
|
62
|
5,515
|
94
|
394
|
2.00%
|
8.00%
|
|
|
|
Middle Atlantic
|
181
|
-1
|
59
|
4,950
|
23
|
422
|
0.00%
|
9.00%
|
|
|
|
E N Central
|
184
|
-6
|
46
|
5,240
|
-219
|
258
|
-4.00%
|
5.00%
|
|
|
|
W N Central
|
179
|
-10
|
21
|
5,070
|
-715
|
-209
|
-12.00%
|
-4.00%
|
|
|
|
South Atlantic
|
88
|
7
|
32
|
2,454
|
-55
|
103
|
-2.00%
|
4.00%
|
|
|
|
E S Central
|
104
|
6
|
21
|
2,885
|
-302
|
-1
|
-9.00%
|
0.00%
|
|
|
|
W S Central
|
59
|
3
|
13
|
1,596
|
-515
|
-232
|
-24.00%
|
-13.00%
|
|
|
|
Mountain
|
70
|
-70
|
-90
|
3,276
|
-1,008
|
-695
|
-24.00%
|
-17.00%
|
|
|
|
Pacific
|
25
|
-68
|
-93
|
1,913
|
-635
|
-556
|
-25.00%
|
-23.00%
|
|
|
|
United States
|
115
|
-15
|
9
|
3,490
|
-327
|
-31
|
-9.00%
|
-1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
