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Prices as of 8:01 AM CST
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Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
Natural Gas
|
$3.435
|
$3.492
|
-1.63%
|
-$0.057
|
27,393
|
|
|
WTI
|
$61.28
|
$63.15
|
-2.96%
|
-$1.87
|
94,641
|
|
|
Brent
|
$64.23
|
$66.09
|
-2.81%
|
-$1.86
|
28,298
|
|
|
ULSD
|
$2.156
|
$2.206
|
-2.25%
|
-$0.050
|
13,661
|
|
|
RBOB
|
$2.115
|
$2.170
|
-2.52%
|
-$0.055
|
6,953
|
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Spreads
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Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
WTI-Brent
|
$3.36
|
$3.41
|
-1.47%
|
-$0.05
|
Jul-25
|
|
|
3:2:1 Crack
|
$26.72
|
$27.13
|
-1.51%
|
-$0.41
|
Jun-25
|
|
|
PJM West Spark
|
$45.56
|
$48.04
|
-5.16%
|
-$2.48
|
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.
|
05/09/25
|
578
|
-6
|
-25
|
05/10/24
|
|
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Canada
|
05/09/25
|
114
|
-6
|
-2
|
05/10/24
|
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International
|
Apr
|
891
|
-8
|
-87
|
Apr
|
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CFTC Net Positions
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As of 5/6/2025
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Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
PJM West On Peak
|
92,553
|
91,821
|
91,950
|
-129
|
|
|
PJM West Off Peak
|
83,736
|
83,290
|
83,053
|
237
|
|
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Natural Gas Henry Hub
|
361,881
|
346,356
|
349,677
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-3,321
|
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WTI – Light Sweet Crude Futures
|
290,095
|
229,851
|
218,550
|
11,301
|
|
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Brent Crude Last Day
|
188,137
|
178,522
|
180,343
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-1,821
|
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NYM Ethanol
|
31,812
|
31,164
|
31,270
|
-106
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Mt Belvieu LDH Propane Swap
|
145,984
|
145,426
|
145,495
|
-69
|
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RBOB
|
400,459
|
377,141
|
379,598
|
-2,457
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HSC Basis
|
860,497
|
853,570
|
854,207
|
-637
|
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EIA Short Term Energy Outlook
|
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|
|
|
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|
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|
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
|
|
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|
|
|
|
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|
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%
|
|
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|
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Short Term Energy Outlook
|

|

|
|

|

|
|

|

|
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|
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EIA Lower 48 Natural Gas Storage
|
|
|
|
|
|
|
|
|
|
|
|
05/08/20
|
|
|
|
|
5/2/25
|
4/25/25
|
Net Change
|
% Change
|
5/3/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
East
|
362
|
331
|
31
|
9.37%
|
454
|
-20.26%
|
390
|
-7.13%
|
|
|
Midwest
|
454
|
425
|
29
|
6.82%
|
584
|
-22.26%
|
487
|
-6.78%
|
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|
Mountain
|
180
|
174
|
6
|
3.45%
|
191
|
-5.76%
|
128
|
40.85%
|
|
|
Pacific
|
232
|
226
|
6
|
2.65%
|
246
|
-5.69%
|
204
|
13.95%
|
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South
|
917
|
885
|
32
|
3.62%
|
1,087
|
-15.64%
|
951
|
-3.55%
|
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Salt
|
293
|
281
|
12
|
4.27%
|
314
|
-6.69%
|
290
|
0.96%
|
|
|
Non_Salt
|
624
|
605
|
19
|
3.14%
|
773
|
-19.28%
|
660
|
-5.51%
|
|
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Total
|
2,145
|
2,041
|
104
|
5.10%
|
2,563
|
-16.31%
|
2,160
|
-0.68%
|
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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
|
|
|
|
Contract
|
5/14/25
|
5/13/25
|
% Change
|
Change
|
4/15/25
|
% Change
|
5/14/24
|
% Change
|
|
|
PJM West On Peak
|
Jun-25
|
$52.93
|
$55.51
|
-4.65%
|
-$2.58
|
$54.39
|
-2.67%
|
$49.65
|
6.62%
|
|
|
ERCOT North On Peak
|
Jun-25
|
$52.45
|
$58.03
|
-9.61%
|
-$5.58
|
$59.32
|
-11.59%
|
$69.22
|
-24.23%
|
|
|
CAISO SP 15 On Peak
|
Jun-25
|
$26.25
|
$26.49
|
-0.91%
|
-$0.24
|
$22.23
|
18.09%
|
$34.58
|
-24.09%
|
|
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MISO Indiana On Peak
|
Jun-25
|
$48.76
|
$52.78
|
-7.62%
|
-$4.02
|
$49.33
|
-1.17%
|
$50.74
|
-3.92%
|
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NEISO Mass On Peak
|
Jun-25
|
$53.77
|
$58.57
|
-8.19%
|
-$4.80
|
$57.19
|
-5.99%
|
$49.09
|
9.52%
|
|
|
WECC Mid C On Peak
|
Jun-25
|
$40.00
|
$36.07
|
10.90%
|
$3.93
|
$26.94
|
48.49%
|
$42.59
|
-6.09%
|
|
|
NYISO Zone G On Peak
|
Jun-25
|
$50.36
|
$55.04
|
-8.52%
|
-$4.69
|
$54.12
|
-6.96%
|
$46.05
|
9.34%
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/14/25
|
5/13/25
|
% Change
|
Change
|
4/15/25
|
% Change
|
5/14/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Jun-25
|
$3.492
|
$3.647
|
-4.25%
|
-$0.15
|
$3.47
|
0.49%
|
$3.17
|
10.26%
|
|
|
Houston Ship Channel
|
Jun-25
|
-$0.336
|
-$0.346
|
-2.95%
|
$0.01
|
-$0.34
|
-0.30%
|
-$0.35
|
-4.20%
|
|
|
Chicago
|
Jun-25
|
-$0.398
|
-$0.403
|
1.28%
|
$0.01
|
-$0.32
|
24.86%
|
-$0.27
|
47.41%
|
|
|
Waha
|
Jun-25
|
-$1.962
|
-$2.053
|
-4.47%
|
$0.09
|
-$1.48
|
32.72%
|
-$1.05
|
86.04%
|
|
|
Algonquin
|
Jun-25
|
$0.234
|
$0.209
|
11.51%
|
$0.02
|
$0.36
|
-34.39%
|
-$0.18
|
-230.74%
|
|
|
Aeco
|
Jun-25
|
-$2.104
|
-$2.184
|
-3.67%
|
$0.08
|
-$1.91
|
10.08%
|
-$1.20
|
75.25%
|
|
|
Socal
|
Jun-25
|
-$0.997
|
-$0.951
|
4.82%
|
-$0.05
|
-$1.01
|
-1.23%
|
-$0.11
|
786.57%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/14/25
|
5/13/25
|
% Change
|
Change
|
4/15/25
|
% Change
|
5/14/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Jun-25
|
$0.783
|
$0.784
|
-0.14%
|
$0.00
|
$0.69
|
13.12%
|
$0.67
|
17.58%
|
|
|
Mt. Belvieu Propane non LST
|
Jun-25
|
$0.787
|
$0.779
|
1.12%
|
$0.01
|
$0.70
|
12.85%
|
$0.67
|
17.52%
|
|
|
Mt. Belview Ethane
|
Jun-25
|
$0.255
|
$0.264
|
-3.28%
|
-$0.01
|
$0.23
|
9.79%
|
$0.24
|
4.14%
|
|
|
Mt. Belview Nat. Gasoline
|
Jun-25
|
$1.343
|
$1.338
|
0.38%
|
$0.01
|
$1.26
|
6.35%
|
$1.41
|
-5.08%
|
|
|
Mt. Belvieu Butane LST
|
Jun-25
|
$0.866
|
$0.861
|
0.58%
|
$0.01
|
$0.85
|
2.22%
|
$0.78
|
10.46%
|
|
|
Far East Propane
|
Jun-25
|
$5.587
|
$5.513
|
1.34%
|
$0.07
|
$5.00
|
11.64%
|
$5.24
|
6.56%
|
|
|
Saudi Propane
|
Jun-25
|
$5.831
|
$5.771
|
1.03%
|
$0.06
|
$5.38
|
8.43%
|
$4.85
|
20.30%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/14/25
|
5/13/25
|
% Change
|
Change
|
4/15/25
|
% Change
|
5/14/24
|
% Change
|
|
|
WTI
|
Jul-25
|
$62.68
|
$63.25
|
-0.91%
|
-$0.57
|
$60.22
|
4.09%
|
$72.45
|
-13.49%
|
|
|
Brent
|
Jul-25
|
$66.09
|
$66.63
|
-0.82%
|
-$0.54
|
$63.88
|
3.46%
|
$77.35
|
-14.56%
|
|
|
WCS
|
Jul-25
|
-$10.08
|
-$9.72
|
3.62%
|
-$0.36
|
-$10.00
|
0.81%
|
-$12.70
|
-20.63%
|
|
|
LLS
|
Jul-25
|
$63.97
|
$64.91
|
-1.47%
|
-$0.94
|
$62.35
|
2.59%
|
$75.10
|
-14.82%
|
|
|
Mars
|
Jul-25
|
$62.62
|
$63.15
|
-0.83%
|
-$0.52
|
$60.76
|
3.07%
|
$72.25
|
-13.32%
|
|
|
Sour
|
Jul-25
|
$62.48
|
$63.28
|
-1.28%
|
-$0.80
|
$60.49
|
3.29%
|
$72.94
|
-14.34%
|
|
|
ESPO
|
Jul-25
|
$64.09
|
$64.63
|
-0.84%
|
-$0.54
|
$61.88
|
3.57%
|
$75.35
|
-14.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/14/25
|
5/13/25
|
% Change
|
Change
|
4/15/25
|
% Change
|
5/14/24
|
% Change
|
|
|
NY Heating Oil
|
Jun-25
|
$2.19
|
$2.17
|
0.97%
|
$0.02
|
$2.05
|
7.13%
|
$2.41
|
-8.92%
|
|
|
NY Gasoline
|
Jun-25
|
$2.15
|
$2.17
|
-0.65%
|
-$0.01
|
$2.03
|
6.37%
|
$2.29
|
-5.85%
|
|
|
GC Gasoline
|
Jun-25
|
$2.06
|
$2.07
|
-0.68%
|
-$0.01
|
$1.93
|
6.70%
|
$2.19
|
-6.12%
|
|
|
GC Jet
|
Jun-25
|
$1.99
|
$2.03
|
-2.12%
|
-$0.04
|
$1.96
|
1.53%
|
$2.29
|
-13.07%
|
|
|
Chicago Ethanol
|
Jun-25
|
$1.71
|
$1.71
|
-0.18%
|
$0.00
|
$1.82
|
-6.47%
|
$1.73
|
-1.67%
|
|
|
Rotterdam Gasoil
|
Jun-25
|
$635.02
|
$632.00
|
0.48%
|
$3.02
|
$596.99
|
6.37%
|
$689.57
|
-7.91%
|
|
|
Singapore Jet Kero
|
Jun-25
|
$80.57
|
$80.10
|
0.59%
|
$0.47
|
$79.24
|
1.68%
|
$94.48
|
-14.72%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/14/25
|
5/13/25
|
% Change
|
Change
|
4/15/25
|
% Change
|
5/14/24
|
% Change
|
|
|
Henry Hub Straddle
|
Jun-25
|
61.56%
|
63.15%
|
-2.52%
|
-1.59%
|
68.73%
|
-10.43%
|
37.21%
|
65.44%
|
|
|
Algonquin Straddle
|
Jun-25
|
59.03%
|
60.92%
|
-3.10%
|
-1.89%
|
68.41%
|
-13.71%
|
36.59%
|
61.33%
|
|
|
Waha Straddle
|
Jun-25
|
178.18%
|
176.93%
|
0.71%
|
1.25%
|
296.55%
|
-39.92%
|
46.52%
|
283.02%
|
|
|
Chicago Straddle
|
Jun-25
|
65.91%
|
64.43%
|
2.30%
|
1.48%
|
79.80%
|
-17.41%
|
35.89%
|
83.64%
|
|
|
PJM West Straddle
|
Jun-25
|
53.10%
|
58.06%
|
-8.54%
|
-4.96%
|
49.31%
|
7.69%
|
40.86%
|
29.96%
|
|
|
SP – 15 Straddle
|
Jun-25
|
114.47%
|
106.82%
|
7.16%
|
7.65%
|
99.55%
|
14.99%
|
25.34%
|
351.74%
|
|
|
Mid. C Straddle
|
Jun-25
|
92.53%
|
169.03%
|
-45.26%
|
-76.50%
|
21.70%
|
326.41%
|
71.70%
|
29.05%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/14/25
|
5/13/25
|
% Change
|
Change
|
4/15/25
|
% Change
|
5/14/24
|
% Change
|
|
|
Dutch TTF
|
Jun-25
|
EUR 34.78
|
EUR 35.65
|
-2.45%
|
-EUR 0.87
|
EUR 34.38
|
1.18%
|
EUR 34.11
|
1.98%
|
|
|
NBP
|
Jun-25
|
GBP 83.03
|
GBP 84.86
|
-2.16%
|
-GBP 1.83
|
GBP 84.11
|
-1.29%
|
GBP 86.09
|
-3.56%
|
|
|
German Base
|
Jun-25
|
EUR 74.94
|
EUR 76.22
|
-1.68%
|
-EUR 1.28
|
EUR 69.63
|
7.62%
|
EUR 83.36
|
-10.11%
|
|
|
UK Base
|
Jun-25
|
GBP 75.07
|
GBP 75.77
|
-0.93%
|
-GBP 0.70
|
GBP 70.18
|
6.96%
|
GBP 75.59
|
-0.69%
|
|
|
French Base
|
Jun-25
|
EUR 13.56
|
EUR 18.57
|
-26.98%
|
-EUR 5.01
|
EUR 31.13
|
-56.44%
|
EUR 61.88
|
-78.09%
|
|
|
Italian Base
|
Jun-25
|
EUR 104.19
|
EUR 105.94
|
-1.65%
|
-EUR 1.75
|
EUR 103.85
|
0.33%
|
EUR 98.94
|
5.30%
|
|
|
JKM LNG
|
Jun-25
|
$11.24
|
$11.70
|
-3.95%
|
-$0.46
|
$11.80
|
-4.74%
|
$11.56
|
-2.82%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/14/25
|
5/13/25
|
% Change
|
Change
|
4/15/25
|
% Change
|
5/14/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Jun-25
|
$34.78
|
$35.65
|
-2.45%
|
-$0.87
|
$34.38
|
1.18%
|
$34.11
|
1.98%
|
|
|
USGC-UK Continent Dirty (WET)
|
Jun-25
|
$83.03
|
$84.86
|
-2.16%
|
-$1.83
|
$84.11
|
-1.29%
|
$86.09
|
-3.56%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Jun-25
|
$74.94
|
$76.22
|
-1.68%
|
-$1.28
|
$69.63
|
7.62%
|
$83.36
|
-10.11%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Jun-25
|
$75.07
|
$75.77
|
-0.93%
|
-$0.70
|
$70.18
|
6.96%
|
$75.59
|
-0.69%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Jun-25
|
$13.56
|
$18.57
|
-26.98%
|
-$5.01
|
$31.13
|
-56.44%
|
$61.88
|
-78.09%
|
|
|
Supramax Timecharter (DRY)
|
Jun-25
|
$104.19
|
$105.94
|
-1.65%
|
-$1.75
|
$103.85
|
0.33%
|
$98.94
|
5.30%
|
|
|
Capesize Timecharter (DRY)
|
Jun-25
|
$11.24
|
$11.70
|
-3.95%
|
-$0.46
|
$11.80
|
-4.74%
|
$11.56
|
-2.82%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/10/2025
|
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
|
-1
|
-5
|
2
|
0
|
-8
|
NA
|
NA
|
|
|
E N Central
|
0
|
-5
|
-4
|
0
|
-8
|
-10
|
NA
|
NA
|
|
|
W N Central
|
5
|
-2
|
2
|
8
|
-11
|
-3
|
NA
|
NA
|
|
|
South Atlantic
|
39
|
10
|
-17
|
274
|
51
|
24
|
23.00%
|
10.00%
|
|
|
E S Central
|
14
|
-6
|
-42
|
117
|
34
|
-6
|
NA
|
NA
|
|
|
W S Central
|
31
|
-12
|
-41
|
324
|
90
|
9
|
38.00%
|
3.00%
|
|
|
Mountain
|
11
|
-3
|
4
|
54
|
-15
|
23
|
NA
|
NA
|
|
|
Pacific
|
9
|
3
|
9
|
9
|
-20
|
9
|
NA
|
NA
|
|
|
United States
|
14
|
-1
|
-10
|
100
|
15
|
5
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/10/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
New England
|
56
|
-27
|
-16
|
5,968
|
-420
|
405
|
-7.00%
|
7.00%
|
|
|
Middle Atlantic
|
40
|
-27
|
-2
|
5,190
|
-565
|
341
|
-10.00%
|
7.00%
|
|
|
E N Central
|
68
|
-3
|
33
|
5,759
|
-556
|
541
|
-9.00%
|
10.00%
|
|
|
W N Central
|
41
|
-21
|
-12
|
5,995
|
-590
|
439
|
-9.00%
|
8.00%
|
|
|
South Atlantic
|
13
|
-7
|
8
|
2,559
|
-256
|
126
|
-9.00%
|
5.00%
|
|
|
E S Central
|
35
|
11
|
34
|
3,155
|
-403
|
96
|
-11.00%
|
3.00%
|
|
|
W S Central
|
12
|
5
|
11
|
1,936
|
-343
|
-104
|
-15.00%
|
-5.00%
|
|
|
Mountain
|
63
|
-3
|
-24
|
4,596
|
-395
|
-106
|
-8.00%
|
-2.00%
|
|
|
Pacific
|
41
|
-8
|
-31
|
2,947
|
-95
|
-12
|
-3.00%
|
0.00%
|
|
|
United States
|
39
|
-8
|
2
|
4,014
|
-382
|
195
|
-9.00%
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
Weather Forecast & Seasonal Outlook
|

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