|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:13 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$4.182
|
$4.065
|
2.88%
|
$0.117
|
24,109
|
|
|
|
WTI
|
$69.62
|
$69.36
|
0.37%
|
$0.26
|
62,175
|
|
|
|
Brent
|
$74.08
|
$73.63
|
0.61%
|
$0.45
|
202
|
|
|
|
ULSD
|
$2.268
|
$2.261
|
0.32%
|
$0.007
|
121
|
|
|
|
RBOB
|
$2.245
|
$2.235
|
0.45%
|
$0.010
|
122
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$4.44
|
$4.27
|
3.98%
|
$0.17
|
May-25
|
|
|
|
3:2:1 Crack
|
$24.76
|
$24.66
|
0.41%
|
$0.10
|
May-25
|
|
|
|
PJM West Spark
|
NA
|
NA
|
NA
|
NA
|
Apr-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
03/28/25
|
592
|
-1
|
-29
|
03/28/24
|
|
|
|
Canada
|
03/28/25
|
163
|
-17
|
12
|
03/28/24
|
|
|
|
International
|
Feb
|
905
|
0
|
-53
|
Feb
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 3/25/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
95,388
|
94,629
|
94,901
|
-272
|
|
|
|
PJM West Off Peak
|
86,170
|
85,986
|
85,461
|
525
|
|
|
|
Natural Gas Henry Hub
|
366,294
|
350,659
|
353,995
|
-3,336
|
|
|
|
WTI – Light Sweet Crude Futures
|
313,965
|
262,159
|
249,372
|
12,787
|
|
|
|
Brent Crude Last Day
|
187,058
|
181,281
|
178,240
|
3,041
|
|
|
|
NYM Ethanol
|
36,433
|
35,291
|
35,905
|
-614
|
|
|
|
Mt Belvieu LDH Propane Swap
|
162,490
|
161,859
|
162,172
|
-313
|
|
|
|
RBOB
|
446,753
|
426,896
|
427,227
|
-331
|
|
|
|
HSC Basis
|
942,749
|
935,122
|
933,801
|
1,321
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EIA Lower 48 Natural Gas Storage
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/27/20
|
|
|
|
|
|
3/21/25
|
3/14/25
|
Net Change
|
% Change
|
3/22/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
298
|
295
|
3
|
1.02%
|
387
|
-23.00%
|
337
|
-11.68%
|
|
|
|
Midwest
|
367
|
366
|
1
|
0.27%
|
528
|
-30.49%
|
432
|
-15.01%
|
|
|
|
Mountain
|
163
|
165
|
-2
|
-1.21%
|
166
|
-1.81%
|
108
|
50.65%
|
|
|
|
Pacific
|
192
|
193
|
-1
|
-0.52%
|
223
|
-13.90%
|
170
|
13.21%
|
|
|
|
South
|
725
|
688
|
37
|
5.38%
|
991
|
-26.84%
|
816
|
-11.11%
|
|
|
|
Salt
|
202
|
181
|
21
|
11.60%
|
294
|
-31.29%
|
241
|
-16.32%
|
|
|
|
Non_Salt
|
523
|
508
|
15
|
2.95%
|
698
|
-25.07%
|
575
|
-8.98%
|
|
|
|
Total
|
1,744
|
1,707
|
37
|
2.17%
|
2,296
|
-24.04%
|
1,863
|
-6.38%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/28/25
|
3/27/25
|
% Change
|
Change
|
2/28/25
|
% Change
|
3/28/24
|
% Change
|
|
|
|
PJM West On Peak
|
Apr-25
|
$48.43
|
$50.19
|
-3.50%
|
-$1.76
|
$51.39
|
-5.76%
|
$46.91
|
3.26%
|
|
|
|
ERCOT North On Peak
|
Apr-25
|
$37.58
|
$39.30
|
-4.39%
|
-$1.73
|
$38.13
|
-1.45%
|
$37.00
|
1.58%
|
|
|
|
CAISO SP 15 On Peak
|
Apr-25
|
$5.56
|
$6.13
|
-9.32%
|
-$0.57
|
$5.17
|
7.40%
|
$22.85
|
-75.68%
|
|
|
|
MISO Indiana On Peak
|
Apr-25
|
$41.43
|
$43.94
|
-5.71%
|
-$2.51
|
$49.79
|
-16.79%
|
$46.05
|
-10.03%
|
|
|
|
NEISO Mass On Peak
|
Apr-25
|
$47.82
|
$46.03
|
3.89%
|
$1.79
|
$52.72
|
-9.29%
|
$50.48
|
-5.26%
|
|
|
|
WECC Mid C On Peak
|
Apr-25
|
$17.28
|
$20.11
|
-14.07%
|
-$2.83
|
$43.14
|
-59.94%
|
$51.33
|
-66.33%
|
|
|
|
NYISO Zone G On Peak
|
Apr-25
|
$47.68
|
$46.03
|
3.58%
|
$1.65
|
$50.11
|
-4.85%
|
$44.43
|
7.31%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/28/25
|
3/27/25
|
% Change
|
Change
|
2/28/25
|
% Change
|
3/28/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
May-25
|
$4.065
|
$3.925
|
3.57%
|
$0.14
|
$3.90
|
4.34%
|
$3.07
|
32.41%
|
|
|
|
Houston Ship Channel
|
May-25
|
-$0.525
|
-$0.531
|
-1.26%
|
$0.01
|
-$0.60
|
-12.57%
|
-$0.28
|
87.12%
|
|
|
|
Chicago
|
May-25
|
-$0.511
|
-$0.506
|
-1.04%
|
-$0.01
|
-$0.38
|
35.79%
|
-$0.18
|
186.81%
|
|
|
|
Waha
|
May-25
|
-$4.048
|
-$3.970
|
-1.96%
|
-$0.08
|
-$3.25
|
24.67%
|
-$1.06
|
281.98%
|
|
|
|
Algonquin
|
May-25
|
-$0.566
|
-$0.529
|
-7.03%
|
-$0.04
|
-$0.29
|
96.94%
|
-$0.16
|
256.65%
|
|
|
|
Aeco
|
May-25
|
-$2.426
|
-$2.551
|
-4.91%
|
$0.13
|
-$2.70
|
-10.30%
|
-$0.92
|
164.96%
|
|
|
|
Socal
|
May-25
|
-$1.671
|
-$1.628
|
2.65%
|
-$0.04
|
-$0.92
|
81.91%
|
-$0.33
|
407.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/28/25
|
3/27/25
|
% Change
|
Change
|
2/28/25
|
% Change
|
3/28/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Apr-25
|
$0.892
|
$0.884
|
0.95%
|
$0.01
|
$0.84
|
5.91%
|
$0.74
|
20.00%
|
|
|
|
Mt. Belvieu Propane non LST
|
Apr-25
|
$0.891
|
$0.889
|
0.27%
|
$0.00
|
$0.85
|
4.34%
|
$0.75
|
19.14%
|
|
|
|
Mt. Belview Ethane
|
Apr-25
|
$0.290
|
$0.294
|
-1.23%
|
$0.00
|
$0.27
|
7.42%
|
$0.23
|
25.67%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Apr-25
|
$1.471
|
$1.505
|
-2.28%
|
-$0.03
|
$1.48
|
-0.49%
|
$1.50
|
-1.90%
|
|
|
|
Mt. Belvieu Butane LST
|
Apr-25
|
$0.924
|
$0.935
|
-1.19%
|
-$0.01
|
$0.94
|
-1.60%
|
$0.87
|
5.85%
|
|
|
|
Far East Propane
|
Apr-25
|
$6.155
|
$6.139
|
0.25%
|
$0.02
|
$5.84
|
5.36%
|
$5.55
|
10.95%
|
|
|
|
Saudi Propane
|
Apr-25
|
$6.140
|
$6.157
|
-0.27%
|
-$0.02
|
$5.91
|
3.87%
|
$5.30
|
15.79%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/28/25
|
3/27/25
|
% Change
|
Change
|
2/28/25
|
% Change
|
3/28/24
|
% Change
|
|
|
|
WTI
|
May-25
|
$69.36
|
$69.92
|
-0.81%
|
-$0.56
|
$69.34
|
0.03%
|
$75.08
|
-7.62%
|
|
|
|
Brent
|
May-25
|
$73.63
|
$74.03
|
-0.54%
|
-$0.40
|
$72.81
|
1.13%
|
$79.81
|
-7.74%
|
|
|
|
WCS
|
May-25
|
-$10.50
|
-$9.83
|
6.36%
|
-$0.67
|
-$12.80
|
-17.96%
|
-$13.70
|
-23.37%
|
|
|
|
LLS
|
May-25
|
$72.15
|
$72.52
|
-0.52%
|
-$0.37
|
$71.47
|
0.95%
|
$77.13
|
-6.46%
|
|
|
|
Mars
|
May-25
|
$69.91
|
$70.27
|
-0.50%
|
-$0.35
|
$70.16
|
-0.35%
|
$74.25
|
-5.84%
|
|
|
|
Sour
|
May-25
|
$69.31
|
$69.95
|
-0.92%
|
-$0.64
|
$69.43
|
-0.17%
|
$74.93
|
-7.50%
|
|
|
|
ESPO
|
May-25
|
$71.63
|
$72.03
|
-0.56%
|
-$0.40
|
$70.81
|
1.16%
|
$77.81
|
-7.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/28/25
|
3/27/25
|
% Change
|
Change
|
2/28/25
|
% Change
|
3/28/24
|
% Change
|
|
|
|
NY Heating Oil
|
Apr-25
|
$2.26
|
$2.29
|
-0.92%
|
-$0.02
|
$2.32
|
-2.54%
|
$2.52
|
-10.09%
|
|
|
|
NY Gasoline
|
Apr-25
|
$2.23
|
$2.22
|
0.45%
|
$0.01
|
$2.24
|
-0.36%
|
$2.38
|
-6.50%
|
|
|
|
GC Gasoline
|
Apr-25
|
$2.13
|
$2.12
|
0.47%
|
$0.01
|
$2.14
|
-0.37%
|
$2.29
|
-6.78%
|
|
|
|
GC Jet
|
Apr-25
|
$2.15
|
$2.19
|
-1.96%
|
-$0.04
|
$2.13
|
0.56%
|
$2.45
|
-12.33%
|
|
|
|
Chicago Ethanol
|
Apr-25
|
$1.73
|
$1.71
|
0.76%
|
$0.01
|
$1.72
|
0.58%
|
$1.54
|
12.09%
|
|
|
|
Rotterdam Gasoil
|
Apr-25
|
$676.75
|
$670.75
|
0.89%
|
$5.99
|
$672.27
|
0.67%
|
$722.05
|
-6.27%
|
|
|
|
Singapore Jet Kero
|
Apr-25
|
$87.26
|
$87.98
|
-0.82%
|
-$0.72
|
$88.31
|
-1.19%
|
$98.38
|
-11.30%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/28/25
|
3/27/25
|
% Change
|
Change
|
2/28/25
|
% Change
|
3/28/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
May-25
|
53.75%
|
54.24%
|
-0.90%
|
-0.49%
|
51.18%
|
5.02%
|
34.94%
|
53.84%
|
|
|
|
Algonquin Straddle
|
May-25
|
57.75%
|
59.48%
|
-2.91%
|
-1.73%
|
52.08%
|
10.89%
|
36.94%
|
56.33%
|
|
|
|
Waha Straddle
|
May-25
|
1360.34%
|
1351.34%
|
0.67%
|
9.00%
|
164.56%
|
726.65%
|
45.96%
|
2859.83%
|
|
|
|
Chicago Straddle
|
May-25
|
59.11%
|
59.71%
|
-1.00%
|
-0.60%
|
55.09%
|
7.30%
|
36.76%
|
60.80%
|
|
|
|
PJM West Straddle
|
May-25
|
46.90%
|
44.56%
|
5.25%
|
2.34%
|
37.73%
|
24.30%
|
36.63%
|
28.04%
|
|
|
|
SP – 15 Straddle
|
May-25
|
359.84%
|
320.92%
|
12.13%
|
38.92%
|
24.14%
|
1390.64%
|
106.00%
|
239.47%
|
|
|
|
Mid. C Straddle
|
May-25
|
0.00%
|
47.41%
|
-100.00%
|
-47.41%
|
20.36%
|
-100.00%
|
90.57%
|
-100.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/28/25
|
3/27/25
|
% Change
|
Change
|
2/28/25
|
% Change
|
3/28/24
|
% Change
|
|
|
|
Dutch TTF
|
May-25
|
EUR 40.67
|
EUR 41.11
|
-1.06%
|
-EUR 0.44
|
EUR 44.30
|
-8.18%
|
EUR 30.22
|
34.62%
|
|
|
|
NBP
|
May-25
|
GBP 98.09
|
GBP 98.40
|
-0.32%
|
-GBP 0.31
|
GBP 104.89
|
-6.48%
|
GBP 76.11
|
28.88%
|
|
|
|
German Base
|
May-25
|
EUR 68.35
|
EUR 68.98
|
-0.92%
|
-EUR 0.63
|
EUR 70.77
|
-3.42%
|
EUR 67.85
|
0.74%
|
|
|
|
UK Base
|
May-25
|
GBP 78.24
|
GBP 79.43
|
-1.50%
|
-GBP 1.19
|
GBP 83.26
|
-6.02%
|
GBP 66.90
|
16.95%
|
|
|
|
French Base
|
May-25
|
EUR 39.42
|
EUR 38.24
|
3.11%
|
EUR 1.19
|
EUR 42.58
|
-7.42%
|
EUR 57.08
|
-30.93%
|
|
|
|
Italian Base
|
May-25
|
EUR 106.85
|
EUR 106.63
|
0.21%
|
EUR 0.23
|
EUR 114.66
|
-6.81%
|
EUR 84.98
|
25.74%
|
|
|
|
JKM LNG
|
May-25
|
$13.39
|
$12.95
|
3.37%
|
$0.44
|
$13.78
|
-2.81%
|
$11.40
|
17.49%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
3/28/25
|
3/27/25
|
% Change
|
Change
|
2/28/25
|
% Change
|
3/28/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
May-25
|
$40.67
|
$41.11
|
-1.06%
|
-$0.44
|
$44.30
|
-8.18%
|
$30.22
|
34.62%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
May-25
|
$98.09
|
$98.40
|
-0.32%
|
-$0.31
|
$104.89
|
-6.48%
|
$76.11
|
28.88%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
May-25
|
$68.35
|
$68.98
|
-0.92%
|
-$0.63
|
$70.77
|
-3.42%
|
$67.85
|
0.74%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
May-25
|
$78.24
|
$79.43
|
-1.50%
|
-$1.19
|
$83.26
|
-6.02%
|
$66.90
|
16.95%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
May-25
|
$39.42
|
$38.24
|
3.11%
|
$1.19
|
$42.58
|
-7.42%
|
$57.08
|
-30.93%
|
|
|
|
Supramax Timecharter (DRY)
|
May-25
|
$106.85
|
$106.63
|
0.21%
|
$0.23
|
$114.66
|
-6.81%
|
$84.98
|
25.74%
|
|
|
|
Capesize Timecharter (DRY)
|
May-25
|
$13.39
|
$12.95
|
3.37%
|
$0.44
|
$13.78
|
-2.81%
|
$11.40
|
17.49%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/29/2025
|
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
|
0
|
-1
|
0
|
0
|
-3
|
0
|
NA
|
NA
|
|
|
|
South Atlantic
|
12
|
0
|
0
|
85
|
-24
|
-4
|
-22.00%
|
-4.00%
|
|
|
|
E S Central
|
2
|
-3
|
2
|
7
|
-22
|
5
|
NA
|
NA
|
|
|
|
W S Central
|
31
|
18
|
24
|
94
|
18
|
26
|
NA
|
NA
|
|
|
|
Mountain
|
8
|
4
|
8
|
11
|
-2
|
11
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
-1
|
0
|
0
|
-7
|
0
|
NA
|
NA
|
|
|
|
United States
|
6
|
1
|
3
|
28
|
-6
|
3
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/29/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
186
|
2
|
-17
|
5,328
|
-304
|
469
|
-5.00%
|
10.00%
|
|
|
|
Middle Atlantic
|
150
|
-14
|
-31
|
4,698
|
-417
|
373
|
-8.00%
|
9.00%
|
|
|
|
E N Central
|
151
|
-18
|
-32
|
5,161
|
-493
|
455
|
-9.00%
|
10.00%
|
|
|
|
W N Central
|
123
|
-44
|
-90
|
5,427
|
-550
|
411
|
-9.00%
|
8.00%
|
|
|
|
South Atlantic
|
55
|
-14
|
-23
|
2,416
|
-172
|
155
|
-7.00%
|
7.00%
|
|
|
|
E S Central
|
53
|
-31
|
-30
|
2,955
|
-328
|
89
|
-10.00%
|
3.00%
|
|
|
|
W S Central
|
15
|
-31
|
-40
|
1,849
|
-315
|
-106
|
-15.00%
|
-5.00%
|
|
|
|
Mountain
|
77
|
-53
|
-78
|
4,065
|
-368
|
-58
|
-8.00%
|
-1.00%
|
|
|
|
Pacific
|
63
|
-25
|
-45
|
2,546
|
-102
|
59
|
-4.00%
|
2.00%
|
|
|
|
United States
|
93
|
-22
|
-39
|
3,632
|
-318
|
206
|
-8.00%
|
6.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
