|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:40 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
Natural Gas
|
$3.296
|
$3.368
|
-2.14%
|
-$0.072
|
12,783
|
|
|
WTI
|
$60.66
|
$61.57
|
-1.48%
|
-$0.91
|
86,778
|
|
|
Brent
|
$63.98
|
$64.91
|
-1.43%
|
-$0.93
|
18,452
|
|
|
ULSD
|
$2.107
|
$2.139
|
-1.52%
|
-$0.033
|
3,510
|
|
|
RBOB
|
$2.117
|
$2.150
|
-1.52%
|
-$0.033
|
2,164
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
WTI-Brent
|
$3.29
|
$3.34
|
-1.50%
|
-$0.05
|
Jul-25
|
|
|
3:2:1 Crack
|
$26.39
|
$26.83
|
-1.67%
|
-$0.45
|
Jul-25
|
|
|
PJM West Spark
|
$46.89
|
$47.45
|
-1.17%
|
-$0.56
|
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
|

|

|
|

|

|
|

|

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
5/21/25
|
5/20/25
|
% Change
|
Change
|
4/23/25
|
% Change
|
5/21/24
|
% Change
|
|
|
PJM West On Peak
|
Jun-25
|
$53.90
|
$54.65
|
-1.38%
|
-$0.75
|
$51.20
|
5.28%
|
$53.34
|
1.06%
|
|
|
ERCOT North On Peak
|
Jun-25
|
$50.77
|
$51.30
|
-1.05%
|
-$0.54
|
$55.47
|
-8.49%
|
$68.98
|
-26.40%
|
|
|
CAISO SP 15 On Peak
|
Jun-25
|
$23.95
|
$23.13
|
3.54%
|
$0.82
|
$21.50
|
11.42%
|
$34.57
|
-30.72%
|
|
|
MISO Indiana On Peak
|
Jun-25
|
$49.53
|
$50.88
|
-2.66%
|
-$1.36
|
$46.24
|
7.10%
|
$53.29
|
-7.05%
|
|
|
NEISO Mass On Peak
|
Jun-25
|
$54.10
|
$52.94
|
2.20%
|
$1.17
|
$52.26
|
3.52%
|
$50.18
|
7.83%
|
|
|
WECC Mid C On Peak
|
Jun-25
|
$37.07
|
$40.94
|
-9.46%
|
-$3.87
|
$26.09
|
42.07%
|
$43.13
|
-14.05%
|
|
|
NYISO Zone G On Peak
|
Jun-25
|
$50.21
|
$51.21
|
-1.96%
|
-$1.00
|
$50.53
|
-0.64%
|
$46.97
|
6.89%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/21/25
|
5/20/25
|
% Change
|
Change
|
4/23/25
|
% Change
|
5/21/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Jun-25
|
$3.368
|
$3.427
|
-1.72%
|
-$0.06
|
$3.16
|
6.45%
|
$3.27
|
2.90%
|
|
|
Houston Ship Channel
|
Jun-25
|
-$0.330
|
-$0.355
|
-7.10%
|
$0.03
|
-$0.35
|
-4.54%
|
-$0.47
|
-29.99%
|
|
|
Chicago
|
Jun-25
|
-$0.411
|
-$0.456
|
10.85%
|
$0.04
|
-$0.36
|
15.45%
|
-$0.29
|
44.01%
|
|
|
Waha
|
Jun-25
|
-$2.134
|
-$2.186
|
-2.37%
|
$0.05
|
-$1.94
|
9.79%
|
-$1.08
|
97.97%
|
|
|
Algonquin
|
Jun-25
|
$0.233
|
$0.143
|
62.94%
|
$0.09
|
$0.29
|
-19.49%
|
-$0.18
|
-231.64%
|
|
|
Aeco
|
Jun-25
|
-$2.005
|
-$1.947
|
2.97%
|
-$0.06
|
-$1.58
|
26.67%
|
-$1.23
|
62.63%
|
|
|
Socal
|
Jun-25
|
-$0.977
|
-$1.057
|
-7.51%
|
$0.08
|
-$1.03
|
-5.46%
|
-$0.14
|
622.78%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/21/25
|
5/20/25
|
% Change
|
Change
|
4/23/25
|
% Change
|
5/21/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Jun-25
|
$0.770
|
$0.770
|
0.00%
|
$0.00
|
$0.73
|
6.04%
|
$0.67
|
15.56%
|
|
|
Mt. Belvieu Propane non LST
|
Jun-25
|
$0.765
|
$0.763
|
0.32%
|
$0.00
|
$0.73
|
4.91%
|
$0.68
|
12.14%
|
|
|
Mt. Belview Ethane
|
Jun-25
|
$0.254
|
$0.253
|
0.44%
|
$0.00
|
$0.23
|
9.70%
|
$0.25
|
2.60%
|
|
|
Mt. Belview Nat. Gasoline
|
Jun-25
|
$1.287
|
$1.305
|
-1.34%
|
-$0.02
|
$1.31
|
-1.71%
|
$1.45
|
-11.20%
|
|
|
Mt. Belvieu Butane LST
|
Jun-25
|
$0.856
|
$0.854
|
0.29%
|
$0.00
|
$0.88
|
-2.23%
|
$0.79
|
8.00%
|
|
|
Far East Propane
|
Jun-25
|
$5.340
|
$5.392
|
-0.96%
|
-$0.05
|
$5.12
|
4.30%
|
$5.43
|
-1.67%
|
|
|
Saudi Propane
|
Jun-25
|
$5.849
|
$5.850
|
-0.02%
|
$0.00
|
$5.62
|
4.14%
|
$5.07
|
15.45%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/21/25
|
5/20/25
|
% Change
|
Change
|
4/23/25
|
% Change
|
5/21/24
|
% Change
|
|
|
WTI
|
Jul-25
|
$61.57
|
$62.03
|
-0.75%
|
-$0.46
|
$61.63
|
-0.10%
|
$73.53
|
-16.27%
|
|
|
Brent
|
Jul-25
|
$64.91
|
$65.38
|
-0.72%
|
-$0.47
|
$65.18
|
-0.41%
|
$78.29
|
-17.09%
|
|
|
WCS
|
Jul-25
|
-$10.12
|
-$9.37
|
7.40%
|
-$0.75
|
-$10.81
|
-6.45%
|
-$12.70
|
-20.34%
|
|
|
LLS
|
Jul-25
|
$62.98
|
$63.75
|
-1.22%
|
-$0.77
|
$63.21
|
-0.36%
|
$76.33
|
-17.49%
|
|
|
Mars
|
Jul-25
|
$61.41
|
$62.54
|
-1.85%
|
-$1.14
|
$61.98
|
-0.93%
|
$73.43
|
-16.38%
|
|
|
Sour
|
Jul-25
|
$61.48
|
$62.29
|
-1.33%
|
-$0.82
|
$61.67
|
-0.32%
|
$73.96
|
-16.87%
|
|
|
ESPO
|
Jul-25
|
$62.91
|
$63.38
|
-0.75%
|
-$0.47
|
$63.18
|
-0.43%
|
$76.29
|
-17.54%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/21/25
|
5/20/25
|
% Change
|
Change
|
4/23/25
|
% Change
|
5/21/24
|
% Change
|
|
|
NY Heating Oil
|
Jun-25
|
$2.14
|
$2.13
|
0.05%
|
$0.00
|
$2.08
|
2.64%
|
$2.43
|
-12.24%
|
|
|
NY Gasoline
|
Jun-25
|
$2.18
|
$2.15
|
1.30%
|
$0.03
|
$2.07
|
5.31%
|
$2.33
|
-6.40%
|
|
|
GC Gasoline
|
Jun-25
|
$2.08
|
$2.05
|
1.36%
|
$0.03
|
$1.97
|
5.58%
|
$2.23
|
-6.68%
|
|
|
GC Jet
|
Jun-25
|
$1.96
|
$1.95
|
0.46%
|
$0.01
|
$1.89
|
3.87%
|
$2.33
|
-16.07%
|
|
|
Chicago Ethanol
|
Jun-25
|
$1.79
|
$1.77
|
1.13%
|
$0.02
|
$1.78
|
0.56%
|
$1.68
|
6.86%
|
|
|
Rotterdam Gasoil
|
Jun-25
|
$633.99
|
$630.00
|
0.63%
|
$3.99
|
$616.99
|
2.76%
|
$696.28
|
-8.95%
|
|
|
Singapore Jet Kero
|
Jun-25
|
$79.76
|
$78.74
|
1.29%
|
$1.01
|
$80.63
|
-1.08%
|
$95.60
|
-16.58%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/21/25
|
5/20/25
|
% Change
|
Change
|
4/23/25
|
% Change
|
5/21/24
|
% Change
|
|
|
Henry Hub Straddle
|
Jul-25
|
73.35%
|
59.07%
|
24.17%
|
14.28%
|
70.21%
|
4.47%
|
38.00%
|
93.03%
|
|
|
Algonquin Straddle
|
Jul-25
|
61.94%
|
46.80%
|
32.35%
|
15.14%
|
69.45%
|
-10.81%
|
38.38%
|
61.39%
|
|
|
Waha Straddle
|
Jul-25
|
96.36%
|
77.58%
|
24.21%
|
18.78%
|
156.57%
|
-38.46%
|
47.57%
|
102.56%
|
|
|
Chicago Straddle
|
Jul-25
|
75.47%
|
61.58%
|
22.56%
|
13.89%
|
80.75%
|
-6.54%
|
39.20%
|
92.53%
|
|
|
PJM West Straddle
|
Jul-25
|
82.73%
|
75.84%
|
9.08%
|
6.89%
|
62.24%
|
32.92%
|
47.15%
|
75.46%
|
|
|
SP – 15 Straddle
|
Jul-25
|
262.12%
|
270.73%
|
-3.18%
|
-8.61%
|
208.57%
|
25.67%
|
20.98%
|
1149.38%
|
|
|
Mid. C Straddle
|
Jul-25
|
115.96%
|
121.54%
|
-4.59%
|
-5.58%
|
82.10%
|
41.24%
|
70.50%
|
64.48%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/21/25
|
5/20/25
|
% Change
|
Change
|
4/23/25
|
% Change
|
5/21/24
|
% Change
|
|
|
Dutch TTF
|
Jul-25
|
EUR 36.65
|
EUR 37.12
|
-1.28%
|
-EUR 0.47
|
EUR 34.18
|
7.21%
|
EUR 36.40
|
0.68%
|
|
|
NBP
|
Jul-25
|
GBP 86.31
|
GBP 87.54
|
-1.40%
|
-GBP 1.22
|
GBP 82.56
|
4.54%
|
GBP 88.20
|
-2.14%
|
|
|
German Base
|
Jul-25
|
EUR 82.07
|
EUR 83.42
|
-1.63%
|
-EUR 1.36
|
EUR 75.70
|
8.41%
|
EUR 87.84
|
-6.58%
|
|
|
UK Base
|
Jul-25
|
GBP 81.42
|
GBP 81.43
|
-0.01%
|
-GBP 0.01
|
GBP 75.58
|
7.73%
|
GBP 78.42
|
3.83%
|
|
|
French Base
|
Jul-25
|
EUR 38.57
|
EUR 34.14
|
12.97%
|
EUR 4.43
|
EUR 40.29
|
-4.27%
|
EUR 66.28
|
-41.80%
|
|
|
Italian Base
|
Jul-25
|
EUR 118.54
|
EUR 115.58
|
2.56%
|
EUR 2.96
|
EUR 113.67
|
4.29%
|
EUR 104.28
|
13.68%
|
|
|
JKM LNG
|
Jul-25
|
$12.66
|
$12.37
|
2.31%
|
$0.29
|
$11.52
|
9.91%
|
$12.07
|
4.82%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/21/25
|
5/20/25
|
% Change
|
Change
|
4/23/25
|
% Change
|
5/21/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Jul-25
|
$36.65
|
$37.12
|
-1.28%
|
-$0.47
|
$34.18
|
7.21%
|
$36.40
|
0.68%
|
|
|
USGC-UK Continent Dirty (WET)
|
Jul-25
|
$86.31
|
$87.54
|
-1.40%
|
-$1.22
|
$82.56
|
4.54%
|
$88.20
|
-2.14%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Jul-25
|
$82.07
|
$83.42
|
-1.63%
|
-$1.36
|
$75.70
|
8.41%
|
$87.84
|
-6.58%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Jul-25
|
$81.42
|
$81.43
|
-0.01%
|
-$0.01
|
$75.58
|
7.73%
|
$78.42
|
3.83%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Jul-25
|
$38.57
|
$34.14
|
12.97%
|
$4.43
|
$40.29
|
-4.27%
|
$66.28
|
-41.80%
|
|
|
Supramax Timecharter (DRY)
|
Jul-25
|
$118.54
|
$115.58
|
2.56%
|
$2.96
|
$113.67
|
4.29%
|
$104.28
|
13.68%
|
|
|
Capesize Timecharter (DRY)
|
Jul-25
|
$12.66
|
$12.37
|
2.31%
|
$0.29
|
$11.52
|
9.91%
|
$12.07
|
4.82%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|

|

|
|

|

|
|

|

|
|

|

|
|

|

|
|

|

|
|
|
|