Prices as of 8:08 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.212

$3.113

3.18%

$0.099

34,643

 

 

WTI

$62.52

$62.69

-0.27%

-$0.17

925

 

 

Brent

$65.26

$65.54

-0.43%

-$0.28

14,572

 

 

ULSD

$2.126

$2.128

-0.09%

-$0.002

2,858

 

 

RBOB

$2.137

$2.139

-0.10%

-$0.002

1,863

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.34

$3.40

-1.76%

-$0.06

Jul-25

 

 

3:2:1 Crack

$25.92

$25.77

0.58%

$0.15

Jun-25

 

 

PJM West Spark

$41.72

$44.81

-6.89%

-$3.09

Jun-25

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

05/16/25

576

-2

-28

05/17/24

 

 

Canada

05/16/25

121

7

7

05/17/24

 

 

International

Apr

891

-8

-87

Apr

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 5/13/2025

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

95,295

94,633

94,692

-59

 

 

PJM West Off Peak

84,971

84,520

84,288

232

 

 

Natural Gas Henry Hub

364,803

349,278

352,599

-3,321

 

 

WTI – Light Sweet Crude Futures

299,575

237,275

224,685

12,590

 

 

Brent Crude Last Day

209,844

201,905

201,532

373

 

 

NYM Ethanol

31,165

30,509

30,656

-147

 

 

Mt Belvieu LDH Propane Swap

151,099

150,453

150,436

17

 

 

RBOB

399,755

375,246

382,321

-7,075

 

 

HSC Basis

865,872

859,403

861,188

-1,785

 

 

 

 

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

 

 

 

 

05/15/20

 

 

 

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

5/19/25

5/16/25

% Change

Change

4/21/25

% Change

5/17/24

% Change

 

 

PJM West On Peak

Jun-25

$48.64

$51.47

-5.49%

-$2.82

$53.11

-8.41%

$51.98

-6.42%

 

 

ERCOT North On Peak

Jun-25

$55.51

$51.85

7.06%

$3.66

$53.79

3.19%

$68.29

-18.72%

 

 

CAISO SP 15 On Peak

Jun-25

$22.00

$23.40

-5.98%

-$1.40

$21.07

4.44%

$32.84

-33.02%

 

 

MISO Indiana On Peak

Jun-25

$44.93

$50.46

-10.95%

-$5.53

$44.77

0.37%

$52.28

-14.05%

 

 

NEISO Mass On Peak

Jun-25

$50.37

$53.65

-6.11%

-$3.28

$60.01

-16.07%

$48.71

3.41%

 

 

WECC Mid C On Peak

Jun-25

$37.00

$37.65

-1.73%

-$0.65

$23.22

59.34%

$40.68

-9.05%

 

 

NYISO Zone G On Peak

Jun-25

$47.57

$50.62

-6.02%

-$3.05

$49.02

-2.96%

$45.64

4.22%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/19/25

5/16/25

% Change

Change

4/21/25

% Change

5/17/24

% Change

 

 

NYMEX Henry Hub

Jun-25

$3.113

$3.334

-6.63%

-$0.22

$3.18

-2.01%

$3.27

-4.71%

 

 

Houston Ship Channel

Jun-25

-$0.329

-$0.320

2.72%

-$0.01

-$0.39

-14.70%

-$0.34

-4.25%

 

 

Chicago

Jun-25

-$0.405

-$0.410

1.24%

$0.00

-$0.36

12.02%

-$0.27

49.24%

 

 

Waha

Jun-25

-$2.022

-$1.990

-1.59%

-$0.03

-$1.72

17.20%

-$1.03

96.63%

 

 

Algonquin

Jun-25

$0.262

$0.246

6.46%

$0.02

$0.27

-4.66%

-$0.17

-251.27%

 

 

Aeco

Jun-25

-$1.819

-$1.941

-6.27%

$0.12

-$1.65

10.15%

-$1.22

49.64%

 

 

Socal

Jun-25

-$1.099

-$1.072

2.49%

-$0.03

-$1.15

-4.23%

-$0.13

769.99%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/19/25

5/16/25

% Change

Change

4/21/25

% Change

5/17/24

% Change

 

 

Mt. Belvieu Propane LST

Jun-25

$0.774

$0.778

-0.48%

$0.00

$0.72

8.07%

$0.67

15.59%

 

 

Mt. Belvieu Propane non LST

Jun-25

$0.765

$0.773

-0.93%

-$0.01

$0.72

6.62%

$0.67

13.84%

 

 

Mt. Belview Ethane

Jun-25

$0.241

$0.255

-5.36%

-$0.01

$0.23

5.99%

$0.25

-3.98%

 

 

Mt. Belview Nat. Gasoline

Jun-25

$1.308

$1.321

-1.02%

-$0.01

$1.29

1.03%

$1.46

-10.73%

 

 

Mt. Belvieu Butane LST

Jun-25

$0.858

$0.875

-1.93%

-$0.02

$0.83

3.06%

$0.78

10.18%

 

 

Far East Propane

Jun-25

$5.383

$5.459

-1.40%

-$0.08

$5.20

3.48%

$5.38

0.00%

 

 

Saudi Propane

Jun-25

$5.850

$5.860

-0.17%

-$0.01

$5.59

4.58%

$4.93

18.71%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/19/25

5/16/25

% Change

Change

4/21/25

% Change

5/17/24

% Change

 

 

WTI

Jul-25

$62.14

$61.97

0.27%

$0.17

$61.68

0.75%

$73.86

-15.87%

 

 

Brent

Jul-25

$65.54

$65.41

0.20%

$0.13

$65.30

0.37%

$78.68

-16.70%

 

 

WCS

Jul-25

-$10.06

-$9.60

4.53%

-$0.45

-$10.20

-1.42%

-$12.95

-22.36%

 

 

LLS

Jul-25

$63.42

$63.53

-0.17%

-$0.11

$63.55

-0.20%

$75.48

-15.98%

 

 

Mars

Jul-25

$62.23

$62.29

-0.09%

-$0.06

$62.07

0.27%

$72.68

-14.38%

 

 

Sour

Jul-25

$61.88

$61.92

-0.06%

-$0.04

$62.03

-0.24%

$73.25

-15.52%

 

 

ESPO

Jul-25

$63.54

$63.41

0.20%

$0.13

$63.30

0.38%

$76.68

-17.14%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/19/25

5/16/25

% Change

Change

4/21/25

% Change

5/17/24

% Change

 

 

NY Heating Oil

Jun-25

$2.13

$2.15

-0.98%

-$0.02

$2.08

2.31%

$2.46

-13.69%

 

 

NY Gasoline

Jun-25

$2.09

$2.11

-0.90%

-$0.02

$2.06

1.26%

$2.34

-10.85%

 

 

GC Gasoline

Jun-25

$1.99

$2.01

-0.95%

-$0.02

$1.96

1.33%

$2.24

-11.34%

 

 

GC Jet

Jun-25

$1.96

$1.94

1.24%

$0.02

$1.92

2.24%

$2.39

-17.84%

 

 

Chicago Ethanol

Jun-25

$1.74

$1.75

-0.23%

$0.00

$1.80

-3.17%

$1.69

3.26%

 

 

Rotterdam Gasoil

Jun-25

$624.75

$632.18

-1.18%

-$7.43

$608.12

2.74%

$703.65

-11.21%

 

 

Singapore Jet Kero

Jun-25

$78.46

$78.96

-0.63%

-$0.50

$79.67

-1.53%

$95.56

-17.90%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/19/25

5/16/25

% Change

Change

4/21/25

% Change

5/17/24

% Change

 

 

Henry Hub Straddle

Jul-25

69.01%

62.34%

10.70%

6.67%

69.77%

-1.09%

34.33%

101.02%

 

 

Algonquin Straddle

Jul-25

71.63%

59.76%

19.86%

11.87%

65.74%

8.96%

34.71%

106.37%

 

 

Waha Straddle

Jul-25

99.65%

110.70%

-9.98%

-11.05%

228.52%

-56.39%

41.19%

141.93%

 

 

Chicago Straddle

Jul-25

78.49%

80.18%

-2.11%

-1.69%

76.63%

2.43%

35.06%

123.87%

 

 

PJM West Straddle

Jul-25

74.00%

74.06%

-0.08%

-0.06%

59.92%

23.50%

48.83%

51.55%

 

 

SP – 15 Straddle

Jul-25

253.32%

240.51%

5.33%

12.81%

197.26%

28.42%

20.94%

1109.74%

 

 

Mid. C Straddle

Jul-25

131.28%

124.42%

5.51%

6.86%

93.88%

39.84%

70.41%

86.45%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/19/25

5/16/25

% Change

Change

4/21/25

% Change

5/17/24

% Change

 

 

Dutch TTF

Jul-25

EUR 35.31

EUR 35.20

0.29%

EUR 0.10

EUR 35.88

-1.61%

EUR 34.60

2.04%

 

 

NBP

Jul-25

GBP 82.61

GBP 82.49

0.14%

GBP 0.12

GBP 86.87

-4.91%

GBP 84.68

-2.45%

 

 

German Base

Jul-25

EUR 80.21

EUR 80.66

-0.56%

-EUR 0.45

EUR 75.29

6.53%

EUR 82.45

-2.72%

 

 

UK Base

Jul-25

GBP 75.10

GBP 75.02

0.12%

GBP 0.09

GBP 76.45

-1.76%

GBP 74.71

0.53%

 

 

French Base

Jul-25

EUR 29.63

EUR 32.35

-8.40%

-EUR 2.72

EUR 41.70

-28.94%

EUR 63.71

-53.48%

 

 

Italian Base

Jul-25

EUR 112.77

EUR 112.18

0.53%

EUR 0.59

EUR 115.47

-2.34%

EUR 97.88

15.22%

 

 

JKM LNG

Jul-25

$11.94

$11.87

0.62%

$0.07

$11.94

0.04%

$11.93

0.12%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/19/25

5/16/25

% Change

Change

4/21/25

% Change

5/17/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-25

$35.31

$35.20

0.29%

$0.10

$35.88

-1.61%

$34.60

2.04%

 

 

USGC-UK Continent Dirty (WET)

Jul-25

$82.61

$82.49

0.14%

$0.12

$86.87

-4.91%

$84.68

-2.45%

 

 

TD20 West Africa to UK Continent (WET)

Jul-25

$80.21

$80.66

-0.56%

-$0.45

$75.29

6.53%

$82.45

-2.72%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-25

$75.10

$75.02

0.12%

$0.09

$76.45

-1.76%

$74.71

0.53%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-25

$29.63

$32.35

-8.40%

-$2.72

$41.70

-28.94%

$63.71

-53.48%

 

 

Supramax Timecharter (DRY)

Jul-25

$112.77

$112.18

0.53%

$0.59

$115.47

-2.34%

$97.88

15.22%

 

 

Capesize Timecharter (DRY)

Jul-25

$11.94

$11.87

0.62%

$0.07

$11.94

0.04%

$11.93

0.12%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

05/17/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

4

3

4

4

3

4

NA

NA

 

 

Middle Atlantic

8

4

8

11

6

0

NA

NA

 

 

E N Central

17

7

16

17

-1

6

NA

NA

 

 

W N Central

27

15

22

35

5

19

NA

NA

 

 

South Atlantic

56

19

12

330

70

35

27.00%

12.00%

 

 

E S Central

48

20

21

166

56

14

51.00%

9.00%

 

 

W S Central

76

23

22

401

114

31

40.00%

9.00%

 

 

Mountain

19

1

3

74

-14

26

NA

NA

 

 

Pacific

2

-5

1

12

-23

10

NA

NA

 

 

United States

30

11

12

130

26

17

25.00%

15.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

05/17/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

38

-29

-31

6,006

-449

374

-7.00%

7.00%

 

 

Middle Atlantic

19

-33

-41

5,209

-597

300

-10.00%

6.00%

 

 

E N Central

21

-36

-20

5,780

-591

521

-9.00%

10.00%

 

 

W N Central

21

-29

-15

6,016

-619

424

-9.00%

8.00%

 

 

South Atlantic

4

-11

-13

2,563

-266

113

-9.00%

5.00%

 

 

E S Central

6

-12

-9

3,161

-415

87

-12.00%

3.00%

 

 

W S Central

4

0

1

1,940

-343

-103

-15.00%

-5.00%

 

 

Mountain

45

-10

-2

4,641

-405

-109

-8.00%

-2.00%

 

 

Pacific

52

9

37

3,000

-85

25

-3.00%

1.00%

 

 

United States

22

-16

-9

4,036

-398

186

-9.00%

5.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

To opt out of this email please follow this
link.

Campbell Faulkner | OTC Global Holdings

Quality Data – Reliable Service – Affordable Price

5151 San Felipe Suite 2200
Houston, TX 77056
faulkner.c@otcgh.com
eoxlive.com/market-data

 

This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for
the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender
immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.