|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:23 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
Natural Gas
|
$3.333
|
$3.362
|
-0.86%
|
-$0.029
|
17,166
|
|
|
WTI
|
$61.69
|
$61.62
|
0.11%
|
$0.07
|
18,795
|
|
|
Brent
|
$64.63
|
$64.53
|
0.15%
|
$0.10
|
10,532
|
|
|
ULSD
|
$2.139
|
$2.166
|
-1.23%
|
-$0.027
|
6,476
|
|
|
RBOB
|
$2.127
|
$2.134
|
-0.34%
|
-$0.007
|
3,627
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
WTI-Brent
|
$3.44
|
$3.38
|
1.78%
|
$0.06
|
Jul-25
|
|
|
3:2:1 Crack
|
$26.39
|
$27.04
|
-2.41%
|
-$0.65
|
Jun-25
|
|
|
PJM West Spark
|
$44.33
|
$45.74
|
-3.07%
|
-$1.40
|
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
|

|

|
|

|

|
|

|

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EIA Lower 48 Natural Gas Storage
|
|
|
|
|
|
|
|
|
|
|
|
05/15/20
|
|
|
|
|
5/9/25
|
5/2/25
|
Net Change
|
% Change
|
5/10/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
East
|
396
|
362
|
34
|
9.39%
|
482
|
-17.84%
|
413
|
-4.02%
|
|
|
Midwest
|
480
|
454
|
26
|
5.73%
|
606
|
-20.79%
|
508
|
-5.44%
|
|
|
Mountain
|
185
|
180
|
5
|
2.78%
|
196
|
-5.61%
|
134
|
38.06%
|
|
|
Pacific
|
237
|
232
|
5
|
2.16%
|
252
|
-5.95%
|
213
|
11.16%
|
|
|
South
|
957
|
917
|
40
|
4.36%
|
1,097
|
-12.76%
|
974
|
-1.75%
|
|
|
Salt
|
308
|
293
|
15
|
5.12%
|
313
|
-1.60%
|
296
|
4.12%
|
|
|
Non_Salt
|
648
|
624
|
24
|
3.85%
|
784
|
-17.35%
|
679
|
-4.54%
|
|
|
Total
|
2,255
|
2,145
|
110
|
5.13%
|
2,633
|
-14.36%
|
2,242
|
0.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/15/25
|
5/14/25
|
% Change
|
Change
|
4/16/25
|
% Change
|
5/15/24
|
% Change
|
|
|
PJM West On Peak
|
Jun-25
|
$51.48
|
$52.93
|
-2.74%
|
-$1.45
|
$53.71
|
-4.15%
|
$51.48
|
0.00%
|
|
|
ERCOT North On Peak
|
Jun-25
|
$57.10
|
$52.45
|
8.86%
|
$4.65
|
$57.76
|
-1.16%
|
$71.23
|
-19.84%
|
|
|
CAISO SP 15 On Peak
|
Jun-25
|
$24.25
|
$26.25
|
-7.62%
|
-$2.00
|
$21.40
|
13.31%
|
$35.06
|
-30.83%
|
|
|
MISO Indiana On Peak
|
Jun-25
|
$48.18
|
$48.76
|
-1.19%
|
-$0.58
|
$48.53
|
-0.72%
|
$52.61
|
-8.42%
|
|
|
NEISO Mass On Peak
|
Jun-25
|
$52.55
|
$53.77
|
-2.26%
|
-$1.22
|
$55.69
|
-5.63%
|
$49.35
|
6.50%
|
|
|
WECC Mid C On Peak
|
Jun-25
|
$38.18
|
$40.00
|
-4.56%
|
-$1.82
|
$24.40
|
56.49%
|
$42.79
|
-10.78%
|
|
|
NYISO Zone G On Peak
|
Jun-25
|
$49.24
|
$50.36
|
-2.22%
|
-$1.12
|
$53.47
|
-7.92%
|
$46.92
|
4.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/15/25
|
5/14/25
|
% Change
|
Change
|
4/16/25
|
% Change
|
5/15/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Jun-25
|
$3.362
|
$3.492
|
-3.72%
|
-$0.13
|
$3.41
|
-1.35%
|
$3.22
|
4.41%
|
|
|
Houston Ship Channel
|
Jun-25
|
-$0.331
|
-$0.336
|
-1.46%
|
$0.00
|
-$0.36
|
-9.23%
|
-$0.35
|
-5.84%
|
|
|
Chicago
|
Jun-25
|
-$0.402
|
-$0.398
|
-0.87%
|
$0.00
|
-$0.35
|
13.70%
|
-$0.25
|
57.69%
|
|
|
Waha
|
Jun-25
|
-$1.952
|
-$1.962
|
-0.47%
|
$0.01
|
-$1.71
|
14.07%
|
-$1.04
|
87.15%
|
|
|
Algonquin
|
Jun-25
|
$0.244
|
$0.234
|
4.63%
|
$0.01
|
$0.25
|
-4.01%
|
-$0.16
|
-248.51%
|
|
|
Aeco
|
Jun-25
|
-$2.003
|
-$2.104
|
-4.78%
|
$0.10
|
-$1.75
|
14.40%
|
-$1.14
|
75.65%
|
|
|
Socal
|
Jun-25
|
-$0.989
|
-$0.997
|
-0.71%
|
$0.01
|
-$1.16
|
-14.43%
|
-$0.14
|
632.35%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/15/25
|
5/14/25
|
% Change
|
Change
|
4/16/25
|
% Change
|
5/15/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Jun-25
|
$0.785
|
$0.783
|
0.34%
|
$0.00
|
$0.72
|
8.73%
|
$0.66
|
19.12%
|
|
|
Mt. Belvieu Propane non LST
|
Jun-25
|
$0.775
|
$0.787
|
-1.53%
|
-$0.01
|
$0.72
|
7.05%
|
$0.64
|
20.62%
|
|
|
Mt. Belview Ethane
|
Jun-25
|
$0.254
|
$0.255
|
-0.52%
|
$0.00
|
$0.23
|
8.51%
|
$0.25
|
3.18%
|
|
|
Mt. Belview Nat. Gasoline
|
Jun-25
|
$1.310
|
$1.343
|
-2.42%
|
-$0.03
|
$1.29
|
1.91%
|
$1.43
|
-8.69%
|
|
|
Mt. Belvieu Butane LST
|
Jun-25
|
$0.873
|
$0.866
|
0.77%
|
$0.01
|
$0.85
|
2.84%
|
$0.77
|
13.31%
|
|
|
Far East Propane
|
Jun-25
|
$5.441
|
$5.587
|
-2.61%
|
-$0.15
|
$5.12
|
6.26%
|
$5.27
|
3.28%
|
|
|
Saudi Propane
|
Jun-25
|
$5.844
|
$5.831
|
0.22%
|
$0.01
|
$5.43
|
7.57%
|
$4.90
|
19.19%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/15/25
|
5/14/25
|
% Change
|
Change
|
4/16/25
|
% Change
|
5/15/24
|
% Change
|
|
|
WTI
|
Jul-25
|
$61.15
|
$62.68
|
-2.50%
|
-$1.53
|
$61.24
|
-0.15%
|
$72.70
|
-15.89%
|
|
|
Brent
|
Jul-25
|
$64.53
|
$66.09
|
-2.42%
|
-$1.56
|
$64.96
|
-0.66%
|
$77.56
|
-16.80%
|
|
|
WCS
|
Jul-25
|
-$10.76
|
-$10.08
|
6.32%
|
-$0.68
|
-$10.71
|
0.47%
|
-$12.70
|
-15.28%
|
|
|
LLS
|
Jul-25
|
$62.77
|
$63.97
|
-1.90%
|
-$1.19
|
$63.06
|
-0.45%
|
$74.65
|
-15.91%
|
|
|
Mars
|
Jul-25
|
$61.51
|
$62.62
|
-1.82%
|
-$1.12
|
$61.70
|
-0.31%
|
$71.95
|
-14.51%
|
|
|
Sour
|
Jul-25
|
$61.33
|
$62.48
|
-1.88%
|
-$1.15
|
$61.37
|
-0.07%
|
$72.50
|
-15.41%
|
|
|
ESPO
|
Jul-25
|
$62.53
|
$64.09
|
-2.49%
|
-$1.56
|
$62.96
|
-0.68%
|
$75.56
|
-17.24%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/15/25
|
5/14/25
|
% Change
|
Change
|
4/16/25
|
% Change
|
5/15/24
|
% Change
|
|
|
NY Heating Oil
|
Jun-25
|
$2.17
|
$2.19
|
-1.19%
|
-$0.03
|
$2.07
|
4.63%
|
$2.42
|
-10.52%
|
|
|
NY Gasoline
|
Jun-25
|
$2.09
|
$2.15
|
-2.97%
|
-$0.06
|
$2.00
|
4.60%
|
$2.30
|
-9.09%
|
|
|
GC Gasoline
|
Jun-25
|
$1.99
|
$2.06
|
-3.11%
|
-$0.06
|
$1.90
|
4.84%
|
$2.20
|
-9.50%
|
|
|
GC Jet
|
Jun-25
|
$1.99
|
$1.99
|
0.05%
|
$0.00
|
$1.98
|
0.40%
|
$2.33
|
-14.41%
|
|
|
Chicago Ethanol
|
Jun-25
|
$1.73
|
$1.71
|
1.47%
|
$0.02
|
$1.80
|
-4.16%
|
$1.73
|
0.00%
|
|
|
Rotterdam Gasoil
|
Jun-25
|
$619.55
|
$635.02
|
-2.44%
|
-$15.47
|
$605.07
|
2.39%
|
$697.20
|
-11.14%
|
|
|
Singapore Jet Kero
|
Jun-25
|
$79.69
|
$80.57
|
-1.09%
|
-$0.88
|
$80.68
|
-1.22%
|
$94.73
|
-15.88%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/15/25
|
5/14/25
|
% Change
|
Change
|
4/16/25
|
% Change
|
5/15/24
|
% Change
|
|
|
Henry Hub Straddle
|
Jul-25
|
64.19%
|
60.36%
|
6.35%
|
3.83%
|
71.02%
|
-9.62%
|
34.84%
|
84.24%
|
|
|
Algonquin Straddle
|
Jul-25
|
60.67%
|
55.85%
|
8.63%
|
4.82%
|
68.26%
|
-11.12%
|
35.35%
|
71.63%
|
|
|
Waha Straddle
|
Jul-25
|
104.80%
|
132.53%
|
-20.92%
|
-27.73%
|
187.84%
|
-44.21%
|
41.88%
|
150.24%
|
|
|
Chicago Straddle
|
Jul-25
|
67.46%
|
62.27%
|
8.33%
|
5.19%
|
78.72%
|
-14.30%
|
36.04%
|
87.18%
|
|
|
PJM West Straddle
|
Jul-25
|
73.22%
|
70.94%
|
3.21%
|
2.28%
|
58.69%
|
24.76%
|
48.17%
|
52.00%
|
|
|
SP – 15 Straddle
|
Jul-25
|
230.92%
|
223.97%
|
3.10%
|
6.95%
|
186.01%
|
24.14%
|
51.58%
|
347.69%
|
|
|
Mid. C Straddle
|
Jul-25
|
124.24%
|
121.17%
|
2.53%
|
3.07%
|
81.71%
|
52.05%
|
70.50%
|
76.23%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/15/25
|
5/14/25
|
% Change
|
Change
|
4/16/25
|
% Change
|
5/15/24
|
% Change
|
|
|
Dutch TTF
|
Jul-25
|
EUR 35.49
|
EUR 34.91
|
1.64%
|
EUR 0.57
|
EUR 35.56
|
-0.21%
|
EUR 33.80
|
4.99%
|
|
|
NBP
|
Jul-25
|
GBP 83.39
|
GBP 81.78
|
1.97%
|
GBP 1.61
|
GBP 86.55
|
-3.64%
|
GBP 83.46
|
-0.08%
|
|
|
German Base
|
Jul-25
|
EUR 81.21
|
EUR 79.18
|
2.57%
|
EUR 2.03
|
EUR 75.39
|
7.73%
|
EUR 81.05
|
0.20%
|
|
|
UK Base
|
Jul-25
|
GBP 75.62
|
GBP 75.91
|
-0.37%
|
-GBP 0.28
|
GBP 71.57
|
5.66%
|
GBP 72.48
|
4.34%
|
|
|
French Base
|
Jul-25
|
EUR 27.96
|
EUR 27.50
|
1.69%
|
EUR 0.47
|
EUR 43.06
|
-35.07%
|
EUR 62.88
|
-55.53%
|
|
|
Italian Base
|
Jul-25
|
EUR 113.76
|
EUR 113.40
|
0.31%
|
EUR 0.35
|
EUR 113.15
|
0.53%
|
EUR 98.20
|
15.84%
|
|
|
JKM LNG
|
Jul-25
|
$11.52
|
$11.24
|
2.51%
|
$0.28
|
$11.83
|
-2.60%
|
$11.80
|
-2.34%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/15/25
|
5/14/25
|
% Change
|
Change
|
4/16/25
|
% Change
|
5/15/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Jul-25
|
$35.49
|
$34.91
|
1.64%
|
$0.57
|
$35.56
|
-0.21%
|
$33.80
|
4.99%
|
|
|
USGC-UK Continent Dirty (WET)
|
Jul-25
|
$83.39
|
$81.78
|
1.97%
|
$1.61
|
$86.55
|
-3.64%
|
$83.46
|
-0.08%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Jul-25
|
$81.21
|
$79.18
|
2.57%
|
$2.03
|
$75.39
|
7.73%
|
$81.05
|
0.20%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Jul-25
|
$75.62
|
$75.91
|
-0.37%
|
-$0.28
|
$71.57
|
5.66%
|
$72.48
|
4.34%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Jul-25
|
$27.96
|
$27.50
|
1.69%
|
$0.47
|
$43.06
|
-35.07%
|
$62.88
|
-55.53%
|
|
|
Supramax Timecharter (DRY)
|
Jul-25
|
$113.76
|
$113.40
|
0.31%
|
$0.35
|
$113.15
|
0.53%
|
$98.20
|
15.84%
|
|
|
Capesize Timecharter (DRY)
|
Jul-25
|
$11.52
|
$11.24
|
2.51%
|
$0.28
|
$11.83
|
-2.60%
|
$11.80
|
-2.34%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|

|

|
|

|

|
|

|

|
|

|

|
|

|

|
|

|

|
|
|
|