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Prices as of 7:13 AM CST
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Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
Natural Gas
|
$3.703
|
$3.630
|
2.01%
|
$0.073
|
18,284
|
|
|
WTI
|
$57.35
|
$58.29
|
-1.61%
|
-$0.94
|
104,752
|
|
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Brent
|
$60.44
|
$61.29
|
-1.39%
|
-$0.85
|
18,925
|
|
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ULSD
|
$1.983
|
$1.993
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-0.52%
|
-$0.010
|
6,378
|
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RBOB
|
$2.005
|
$2.020
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-0.72%
|
-$0.015
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4,453
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Spreads
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Current
|
Previous
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% Change
|
Change
|
Contract
|
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WTI-Brent
|
$3.52
|
$3.46
|
1.73%
|
$0.06
|
Jul-25
|
|
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3:2:1 Crack
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$26.05
|
$25.73
|
1.23%
|
$0.32
|
Jun-25
|
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PJM West Spark
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$49.37
|
$45.89
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7.59%
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$3.48
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Jun-25
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Baker Hughes Rig Count
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Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
U.S.
|
05/02/25
|
584
|
-3
|
-21
|
05/03/24
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Canada
|
05/02/25
|
120
|
-8
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0
|
05/03/24
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International
|
Apr
|
891
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-8
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-87
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Apr
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CFTC Net Positions
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As of 4/29/2025
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Open Interest
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Total Net Long
|
Total Net Short
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Diff
|
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PJM West On Peak
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98,924
|
98,143
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98,421
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-278
|
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PJM West Off Peak
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88,723
|
88,129
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87,991
|
138
|
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Natural Gas Henry Hub
|
358,032
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342,507
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345,828
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-3,321
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WTI – Light Sweet Crude Futures
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151,431
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120,137
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115,612
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4,525
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Brent Crude Last Day
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213,554
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207,775
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207,048
|
727
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NYM Ethanol
|
35,820
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35,104
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35,328
|
-224
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Mt Belvieu LDH Propane Swap
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162,246
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161,586
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161,368
|
218
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RBOB
|
388,087
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368,722
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369,297
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-575
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HSC Basis
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925,075
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918,889
|
921,086
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-2,197
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EIA Short Term Energy Outlook
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|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
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|
Brent
|
$82.00
|
$81.00
|
$74.00
|
$66.00
|
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Gasoline
|
$3.50
|
$3.30
|
$3.20
|
$3.00
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Crude Oil Production
|
$12.90
|
$13.20
|
$13.50
|
$13.60
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Natural Gas Spot
|
$2.50
|
$2.20
|
$3.10
|
$4.00
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LNG Exports
|
12.00
|
12.00
|
14.00
|
16.00
|
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Electrical Generation %
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2023
|
2024
|
2025 Projected
|
2026 Projected
|
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Natural gas
|
42.00%
|
43.00%
|
41.00%
|
40.00%
|
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Coal
|
17.00%
|
16.00%
|
15.00%
|
15.00%
|
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Renewables
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22.00%
|
23.00%
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25.00%
|
27.00%
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Nuclear
|
19.00%
|
19.00%
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19.00%
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19.00%
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Short Term Energy Outlook
|

|

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|

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|

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EIA Lower 48 Natural Gas Storage
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|
05/01/20
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|
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|
4/25/25
|
4/18/25
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Net Change
|
% Change
|
4/26/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
East
|
331
|
295
|
36
|
12.20%
|
425
|
-22.12%
|
369
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-10.25%
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Midwest
|
425
|
396
|
29
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7.32%
|
564
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-24.65%
|
468
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-9.23%
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Mountain
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174
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171
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3
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1.75%
|
182
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-4.40%
|
121
|
44.04%
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Pacific
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226
|
221
|
5
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2.26%
|
240
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-5.83%
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194
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16.74%
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South
|
885
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851
|
34
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4.00%
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1,073
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-17.52%
|
927
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-4.51%
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Salt
|
281
|
266
|
15
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5.64%
|
314
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-10.51%
|
284
|
-1.06%
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Non_Salt
|
605
|
585
|
20
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3.42%
|
759
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-20.29%
|
643
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-5.88%
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Total
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2,041
|
1,934
|
107
|
5.53%
|
2,484
|
-17.83%
|
2,078
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-1.79%
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Power Generation Additions/Retirements
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Front Month Prices
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Electricity
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OTCGH/EOXLive Market Data
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Contract
|
5/2/25
|
5/1/25
|
% Change
|
Change
|
4/3/25
|
% Change
|
5/2/24
|
% Change
|
|
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PJM West On Peak
|
Jun-25
|
$57.31
|
$53.66
|
6.80%
|
$3.65
|
$60.25
|
-4.89%
|
$49.99
|
14.64%
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ERCOT North On Peak
|
Jun-25
|
$57.51
|
$56.14
|
2.44%
|
$1.37
|
$64.93
|
-11.43%
|
$64.82
|
-11.27%
|
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CAISO SP 15 On Peak
|
Jun-25
|
$24.75
|
$24.67
|
0.31%
|
$0.08
|
$21.25
|
16.47%
|
$29.89
|
-17.20%
|
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MISO Indiana On Peak
|
Jun-25
|
$50.82
|
$48.48
|
4.82%
|
$2.34
|
$53.21
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-4.49%
|
$48.53
|
4.73%
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NEISO Mass On Peak
|
Jun-25
|
$56.99
|
$55.80
|
2.15%
|
$1.20
|
$63.49
|
-10.23%
|
$45.58
|
25.03%
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WECC Mid C On Peak
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Jun-25
|
$38.00
|
$35.00
|
8.57%
|
$3.00
|
$29.25
|
29.91%
|
$37.92
|
0.21%
|
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NYISO Zone G On Peak
|
Jun-25
|
$53.81
|
$52.65
|
2.20%
|
$1.16
|
$60.57
|
-11.15%
|
$45.86
|
17.34%
|
|
|
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Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/2/25
|
5/1/25
|
% Change
|
Change
|
4/3/25
|
% Change
|
5/2/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Jun-25
|
$3.630
|
$3.479
|
4.34%
|
$0.15
|
$4.26
|
-14.73%
|
$3.25
|
11.73%
|
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Houston Ship Channel
|
Jun-25
|
-$0.373
|
-$0.397
|
-6.09%
|
$0.02
|
-$0.47
|
-20.76%
|
-$0.33
|
11.51%
|
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Chicago
|
Jun-25
|
-$0.448
|
-$0.462
|
3.24%
|
$0.01
|
-$0.53
|
-15.00%
|
-$0.25
|
78.61%
|
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Waha
|
Jun-25
|
-$1.963
|
-$1.977
|
-0.67%
|
$0.01
|
-$3.44
|
-42.85%
|
-$1.03
|
91.41%
|
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Algonquin
|
Jun-25
|
$0.138
|
$0.178
|
-22.56%
|
-$0.04
|
$0.05
|
181.63%
|
-$0.17
|
-180.00%
|
|
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Aeco
|
Jun-25
|
-$2.023
|
-$1.880
|
7.63%
|
-$0.14
|
-$2.52
|
-19.79%
|
-$1.15
|
75.85%
|
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Socal
|
Jun-25
|
-$1.180
|
-$1.115
|
5.82%
|
-$0.06
|
-$1.70
|
-30.57%
|
-$0.18
|
570.30%
|
|
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|
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|
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|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/2/25
|
5/1/25
|
% Change
|
Change
|
4/3/25
|
% Change
|
5/2/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Jun-25
|
$0.740
|
$0.735
|
0.67%
|
$0.00
|
$0.79
|
-6.60%
|
$0.67
|
9.80%
|
|
|
Mt. Belvieu Propane non LST
|
Jun-25
|
$0.741
|
$0.730
|
1.53%
|
$0.01
|
$0.80
|
-6.91%
|
$0.67
|
11.35%
|
|
|
Mt. Belview Ethane
|
Jun-25
|
$0.246
|
$0.243
|
1.55%
|
$0.00
|
$0.30
|
-18.99%
|
$0.25
|
-1.81%
|
|
|
Mt. Belview Nat. Gasoline
|
Jun-25
|
$1.262
|
$1.250
|
0.99%
|
$0.01
|
$1.41
|
-10.43%
|
$1.41
|
-10.28%
|
|
|
Mt. Belvieu Butane LST
|
Jun-25
|
$0.895
|
$0.880
|
1.69%
|
$0.01
|
$0.89
|
0.52%
|
$0.78
|
14.73%
|
|
|
Far East Propane
|
Jun-25
|
$5.105
|
$5.070
|
0.70%
|
$0.04
|
$5.59
|
-8.73%
|
$5.19
|
-1.67%
|
|
|
Saudi Propane
|
Jun-25
|
$5.658
|
$5.662
|
-0.07%
|
$0.00
|
$5.78
|
-2.04%
|
$4.94
|
14.62%
|
|
|
|
|
|
|
|
|
|
|
|
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|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/2/25
|
5/1/25
|
% Change
|
Change
|
4/3/25
|
% Change
|
5/2/24
|
% Change
|
|
|
WTI
|
Jun-25
|
$58.29
|
$59.24
|
-1.63%
|
-$0.95
|
$66.47
|
-12.31%
|
$73.04
|
-20.19%
|
|
|
Brent
|
Jun-25
|
$61.44
|
$62.31
|
-1.41%
|
-$0.87
|
$70.14
|
-12.40%
|
$78.04
|
-21.27%
|
|
|
WCS
|
Jun-25
|
-$9.78
|
-$9.70
|
0.80%
|
-$0.08
|
-$10.87
|
-10.03%
|
-$13.05
|
-25.07%
|
|
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LLS
|
Jun-25
|
$60.16
|
$57.70
|
4.08%
|
$2.46
|
$68.18
|
-11.77%
|
$74.88
|
-19.66%
|
|
|
Mars
|
Jun-25
|
$57.30
|
$56.54
|
1.33%
|
$0.76
|
$66.10
|
-13.31%
|
$72.13
|
-20.55%
|
|
|
Sour
|
Jun-25
|
$59.14
|
$59.39
|
-0.41%
|
-$0.24
|
$68.93
|
-14.20%
|
$72.68
|
-18.63%
|
|
|
ESPO
|
Jun-25
|
$59.44
|
$60.31
|
-1.46%
|
-$0.87
|
$68.14
|
-12.76%
|
$76.04
|
-21.83%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/2/25
|
5/1/25
|
% Change
|
Change
|
4/3/25
|
% Change
|
5/2/24
|
% Change
|
|
|
NY Heating Oil
|
Jun-25
|
$2.01
|
$2.01
|
-0.15%
|
$0.00
|
$2.16
|
-7.05%
|
$2.42
|
-17.11%
|
|
|
NY Gasoline
|
Jun-25
|
$2.04
|
$2.03
|
0.39%
|
$0.01
|
$2.15
|
-5.43%
|
$2.31
|
-11.93%
|
|
|
GC Gasoline
|
Jun-25
|
$1.94
|
$1.93
|
0.41%
|
$0.01
|
$2.06
|
-5.69%
|
$2.21
|
-12.47%
|
|
|
GC Jet
|
Jun-25
|
$1.81
|
$1.86
|
-2.79%
|
-$0.05
|
$2.09
|
-13.43%
|
$2.29
|
-21.05%
|
|
|
Chicago Ethanol
|
Jun-25
|
$1.80
|
$1.79
|
0.28%
|
$0.00
|
$1.83
|
-1.80%
|
$1.67
|
7.73%
|
|
|
Rotterdam Gasoil
|
Jun-25
|
$595.98
|
$601.35
|
-0.89%
|
-$5.37
|
$642.05
|
-7.18%
|
$683.29
|
-12.78%
|
|
|
Singapore Jet Kero
|
Jun-25
|
$75.68
|
$74.44
|
1.67%
|
$1.24
|
$82.81
|
-8.61%
|
$95.20
|
-20.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/2/25
|
5/1/25
|
% Change
|
Change
|
4/3/25
|
% Change
|
5/2/24
|
% Change
|
|
|
Henry Hub Straddle
|
Jun-25
|
63.68%
|
63.12%
|
0.89%
|
0.56%
|
51.21%
|
24.35%
|
34.95%
|
82.20%
|
|
|
Algonquin Straddle
|
Jun-25
|
62.76%
|
60.14%
|
4.36%
|
2.62%
|
48.35%
|
29.80%
|
35.70%
|
75.80%
|
|
|
Waha Straddle
|
Jun-25
|
236.30%
|
210.09%
|
12.48%
|
26.21%
|
230.01%
|
2.73%
|
43.87%
|
438.64%
|
|
|
Chicago Straddle
|
Jun-25
|
69.78%
|
71.60%
|
-2.54%
|
-1.82%
|
54.39%
|
28.30%
|
35.79%
|
94.97%
|
|
|
PJM West Straddle
|
Jun-25
|
58.46%
|
57.23%
|
2.15%
|
1.23%
|
45.10%
|
29.62%
|
41.69%
|
40.23%
|
|
|
SP – 15 Straddle
|
Jun-25
|
105.39%
|
24.12%
|
336.94%
|
81.27%
|
90.83%
|
16.03%
|
20.81%
|
406.44%
|
|
|
Mid. C Straddle
|
Jun-25
|
117.06%
|
61.80%
|
89.42%
|
55.26%
|
44.71%
|
161.82%
|
86.75%
|
34.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/2/25
|
5/1/25
|
% Change
|
Change
|
4/3/25
|
% Change
|
5/2/24
|
% Change
|
|
|
Dutch TTF
|
Jun-25
|
EUR 33.17
|
EUR 31.91
|
3.98%
|
EUR 1.27
|
EUR 39.85
|
-16.75%
|
EUR 34.08
|
-2.66%
|
|
|
NBP
|
Jun-25
|
GBP 80.42
|
GBP 76.48
|
5.16%
|
GBP 3.95
|
GBP 96.38
|
-16.55%
|
GBP 85.31
|
-5.72%
|
|
|
German Base
|
Jun-25
|
EUR 72.18
|
EUR 70.47
|
2.44%
|
EUR 1.72
|
EUR 68.66
|
5.14%
|
EUR 83.69
|
-13.75%
|
|
|
UK Base
|
Jun-25
|
GBP 71.26
|
GBP 69.54
|
2.47%
|
GBP 1.72
|
GBP 76.81
|
-7.24%
|
GBP 73.29
|
-2.78%
|
|
|
French Base
|
Jun-25
|
EUR 30.09
|
EUR 29.30
|
2.69%
|
EUR 0.79
|
EUR 39.79
|
-24.39%
|
EUR 62.68
|
-52.00%
|
|
|
Italian Base
|
Jun-25
|
EUR 100.03
|
EUR 94.72
|
5.60%
|
EUR 5.31
|
EUR 111.82
|
-10.55%
|
EUR 95.90
|
4.31%
|
|
|
JKM LNG
|
Jun-25
|
$11.31
|
$10.76
|
5.16%
|
$0.55
|
$12.78
|
-11.45%
|
$11.50
|
-1.63%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/2/25
|
5/1/25
|
% Change
|
Change
|
4/3/25
|
% Change
|
5/2/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Jun-25
|
$33.17
|
$31.91
|
3.98%
|
$1.27
|
$39.85
|
-16.75%
|
$34.08
|
-2.66%
|
|
|
USGC-UK Continent Dirty (WET)
|
Jun-25
|
$80.42
|
$76.48
|
5.16%
|
$3.95
|
$96.38
|
-16.55%
|
$85.31
|
-5.72%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Jun-25
|
$72.18
|
$70.47
|
2.44%
|
$1.72
|
$68.66
|
5.14%
|
$83.69
|
-13.75%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Jun-25
|
$71.26
|
$69.54
|
2.47%
|
$1.72
|
$76.81
|
-7.24%
|
$73.29
|
-2.78%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Jun-25
|
$30.09
|
$29.30
|
2.69%
|
$0.79
|
$39.79
|
-24.39%
|
$62.68
|
-52.00%
|
|
|
Supramax Timecharter (DRY)
|
Jun-25
|
$100.03
|
$94.72
|
5.60%
|
$5.31
|
$111.82
|
-10.55%
|
$95.90
|
4.31%
|
|
|
Capesize Timecharter (DRY)
|
Jun-25
|
$11.31
|
$10.76
|
5.16%
|
$0.55
|
$12.78
|
-11.45%
|
$11.50
|
-1.63%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/03/2025
|
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
|
2
|
1
|
-3
|
2
|
1
|
-3
|
NA
|
NA
|
|
|
E N Central
|
0
|
-2
|
-5
|
0
|
-3
|
-6
|
NA
|
NA
|
|
|
W N Central
|
1
|
-4
|
0
|
3
|
-8
|
-5
|
NA
|
NA
|
|
|
South Atlantic
|
41
|
17
|
6
|
235
|
41
|
40
|
21.00%
|
21.00%
|
|
|
E S Central
|
36
|
23
|
3
|
103
|
40
|
35
|
NA
|
NA
|
|
|
W S Central
|
56
|
21
|
-3
|
294
|
104
|
51
|
55.00%
|
21.00%
|
|
|
Mountain
|
6
|
-7
|
0
|
43
|
-12
|
19
|
NA
|
NA
|
|
|
Pacific
|
0
|
-5
|
0
|
0
|
-23
|
0
|
NA
|
NA
|
|
|
United States
|
17
|
5
|
0
|
86
|
16
|
15
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/03/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
New England
|
57
|
-43
|
-35
|
5,912
|
-393
|
420
|
-6.00%
|
8.00%
|
|
|
Middle Atlantic
|
36
|
-45
|
-11
|
5,151
|
-537
|
343
|
-9.00%
|
7.00%
|
|
|
E N Central
|
63
|
-22
|
24
|
5,691
|
-553
|
508
|
-9.00%
|
10.00%
|
|
|
W N Central
|
68
|
-7
|
2
|
5,954
|
-570
|
451
|
-9.00%
|
8.00%
|
|
|
South Atlantic
|
8
|
-17
|
-4
|
2,546
|
-249
|
117
|
-9.00%
|
5.00%
|
|
|
E S Central
|
9
|
-22
|
2
|
3,119
|
-414
|
62
|
-12.00%
|
2.00%
|
|
|
W S Central
|
5
|
-5
|
3
|
1,924
|
-349
|
-114
|
-15.00%
|
-6.00%
|
|
|
Mountain
|
72
|
-4
|
-14
|
4,533
|
-393
|
-82
|
-8.00%
|
-2.00%
|
|
|
Pacific
|
63
|
8
|
-4
|
2,907
|
-86
|
19
|
-3.00%
|
1.00%
|
|
|
United States
|
40
|
-16
|
-1
|
3,976
|
-373
|
193
|
-9.00%
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
Weather Forecast & Seasonal Outlook
|

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