Prices as of 8:01 AM CST

 

 

 

 

 

 

 

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

 

 

 

 

Spreads

 

 

 

 

 

 

 

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

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

05/09/25

578

-6

-25

05/10/24

 

 

Canada

05/09/25

114

-6

-2

05/10/24

 

 

International

Apr

891

-8

-87

Apr

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 5/6/2025

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

 

 

Natural Gas Henry Hub

361,881

346,356

349,677

-3,321

 

 

WTI – Light Sweet Crude Futures

290,095

229,851

218,550

11,301

 

 

Brent Crude Last Day

188,137

178,522

180,343

-1,821

 

 

NYM Ethanol

31,812

31,164

31,270

-106

 

 

Mt Belvieu LDH Propane Swap

145,984

145,426

145,495

-69

 

 

RBOB

400,459

377,141

379,598

-2,457

 

 

HSC Basis

860,497

853,570

854,207

-637

 

 

 

 

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

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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%

 

 

Mountain

180

174

6

3.45%

191

-5.76%

128

40.85%

 

 

Pacific

232

226

6

2.65%

246

-5.69%

204

13.95%

 

 

South

917

885

32

3.62%

1,087

-15.64%

951

-3.55%

 

 

    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%

 

 

Total

2,145

2,041

104

5.10%

2,563

-16.31%

2,160

-0.68%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

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%

 

 

MISO Indiana On Peak

Jun-25

$48.76

$52.78

-7.62%

-$4.02

$49.33

-1.17%

$50.74

-3.92%

 

 

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%

 

 

 

 

 

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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