Prices as of 7:15 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.264

$3.253

0.34%

$0.011

8,768

 

 

WTI

$60.59

$61.20

-1.00%

-$0.61

54,923

 

 

Brent

$63.88

$64.44

-0.87%

-$0.56

7,595

 

 

ULSD

$2.098

$2.118

-0.94%

-$0.020

1,748

 

 

RBOB

$2.120

$2.131

-0.51%

-$0.011

3,140

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.29

$3.24

1.54%

$0.05

Jul-25

 

 

3:2:1 Crack

$26.52

$26.54

-0.10%

-$0.03

Jul-25

 

 

PJM West Spark

$45.68

$46.94

-2.70%

-$1.27

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

 

 

 

 

05/22/20

 

 

 

5/16/25

5/9/25

Net Change

% Change

5/17/24

% Change

5 Year Avg.

% Change

 

 

East

432

396

36

9.09%

511

-15.46%

443

-2.44%

 

 

Midwest

512

480

32

6.67%

628

-18.47%

534

-4.12%

 

 

Mountain

192

185

7

3.78%

202

-4.95%

141

35.79%

 

 

Pacific

244

237

7

2.95%

259

-5.79%

222

10.11%

 

 

South

996

957

39

4.08%

1,112

-10.43%

997

-0.14%

 

 

    Salt

321

308

13

4.22%

319

0.63%

302

6.43%

 

 

    Non_Salt

674

648

26

4.01%

793

-15.01%

696

-3.13%

 

 

Total

2,375

2,255

120

5.32%

2,711

-12.39%

2,337

1.62%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/22/25

5/21/25

% Change

Change

4/24/25

% Change

5/22/24

% Change

 

 

PJM West On Peak

Jun-25

$52.67

$53.90

-2.29%

-$1.23

$50.97

3.33%

$53.58

-1.69%

 

 

ERCOT North On Peak

Jun-25

$50.62

$50.77

-0.29%

-$0.15

$54.44

-7.02%

$69.85

-27.54%

 

 

CAISO SP 15 On Peak

Jun-25

$23.47

$23.95

-2.02%

-$0.48

$21.25

10.43%

$35.44

-33.79%

 

 

MISO Indiana On Peak

Jun-25

$48.48

$49.53

-2.11%

-$1.05

$44.49

8.96%

$53.73

-9.76%

 

 

NEISO Mass On Peak

Jun-25

$53.51

$54.10

-1.09%

-$0.59

$50.68

5.59%

$49.83

7.40%

 

 

WECC Mid C On Peak

Jun-25

$36.09

$37.07

-2.62%

-$0.97

$26.21

37.72%

$39.86

-9.44%

 

 

NYISO Zone G On Peak

Jun-25

$49.90

$50.21

-0.61%

-$0.31

$49.01

1.81%

$46.74

6.76%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/22/25

5/21/25

% Change

Change

4/24/25

% Change

5/22/24

% Change

 

 

NYMEX Henry Hub

Jun-25

$3.253

$3.368

-3.41%

-$0.12

$3.10

5.04%

$3.36

-3.27%

 

 

Houston Ship Channel

Jun-25

-$0.326

-$0.330

-1.27%

$0.00

-$0.36

-10.55%

-$0.37

-12.59%

 

 

Chicago

Jun-25

-$0.375

-$0.411

9.66%

$0.04

-$0.39

-4.31%

-$0.29

31.00%

 

 

Waha

Jun-25

-$2.132

-$2.134

-0.08%

$0.00

-$2.04

4.44%

-$1.08

98.28%

 

 

Algonquin

Jun-25

$0.250

$0.233

7.51%

$0.02

$0.26

-4.93%

-$0.18

-241.45%

 

 

Aeco

Jun-25

-$1.899

-$2.005

-5.27%

$0.11

-$1.59

19.45%

-$1.27

49.47%

 

 

Socal

Jun-25

-$0.711

-$0.977

-27.28%

$0.27

-$1.10

-35.49%

-$0.13

429.51%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/22/25

5/21/25

% Change

Change

4/24/25

% Change

5/22/24

% Change

 

 

Mt. Belvieu Propane LST

Jun-25

$0.755

$0.770

-1.93%

-$0.01

$0.74

1.73%

$0.67

12.11%

 

 

Mt. Belvieu Propane non LST

Jun-25

$0.751

$0.765

-1.78%

-$0.01

$0.75

0.73%

$0.68

10.43%

 

 

Mt. Belview Ethane

Jun-25

$0.248

$0.254

-2.45%

-$0.01

$0.23

7.64%

$0.26

-3.21%

 

 

Mt. Belview Nat. Gasoline

Jun-25

$1.265

$1.287

-1.76%

-$0.02

$1.32

-4.38%

$1.44

-11.98%

 

 

Mt. Belvieu Butane LST

Jun-25

$0.839

$0.856

-2.00%

-$0.02

$0.89

-5.54%

$0.76

10.69%

 

 

Far East Propane

Jun-25

$5.310

$5.340

-0.57%

-$0.03

$5.25

1.13%

$5.43

-2.13%

 

 

Saudi Propane

Jun-25

$5.900

$5.849

0.87%

$0.05

$5.60

5.39%

$5.03

17.24%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/22/25

5/21/25

% Change

Change

4/24/25

% Change

5/22/24

% Change

 

 

WTI

Jul-25

$61.20

$61.57

-0.60%

-$0.37

$62.14

-1.51%

$72.43

-15.50%

 

 

Brent

Jul-25

$64.44

$64.91

-0.73%

-$0.47

$65.65

-1.84%

$77.26

-16.59%

 

 

WCS

Jul-25

-$10.39

-$10.12

2.67%

-$0.28

-$10.66

-2.47%

-$12.70

-18.16%

 

 

LLS

Jul-25

$62.78

$62.98

-0.31%

-$0.20

$63.57

-1.24%

$75.87

-17.24%

 

 

Mars

Jul-25

$60.83

$61.41

-0.95%

-$0.57

$62.42

-2.54%

$73.02

-16.69%

 

 

Sour

Jul-25

$61.22

$61.48

-0.42%

-$0.26

$61.94

-1.17%

$73.58

-16.80%

 

 

ESPO

Jul-25

$62.44

$62.91

-0.75%

-$0.47

$63.65

-1.90%

$75.26

-17.03%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/22/25

5/21/25

% Change

Change

4/24/25

% Change

5/22/24

% Change

 

 

NY Heating Oil

Jun-25

$2.12

$2.14

-0.80%

-$0.02

$2.09

1.39%

$2.42

-12.37%

 

 

NY Gasoline

Jun-25

$2.09

$2.18

-4.36%

-$0.10

$2.08

0.39%

$2.32

-10.05%

 

 

GC Gasoline

Jun-25

$1.99

$2.08

-4.57%

-$0.09

$1.98

0.40%

$2.22

-10.50%

 

 

GC Jet

Jun-25

$1.92

$1.96

-1.99%

-$0.04

$1.97

-2.59%

$2.33

-17.74%

 

 

Chicago Ethanol

Jun-25

$1.79

$1.79

0.06%

$0.00

$1.80

-0.39%

$1.68

6.60%

 

 

Rotterdam Gasoil

Jun-25

$625.11

$633.99

-1.40%

-$8.88

$618.27

1.11%

$684.09

-8.62%

 

 

Singapore Jet Kero

Jun-25

$77.75

$79.76

-2.51%

-$2.00

$79.95

-2.75%

$95.62

-18.69%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/22/25

5/21/25

% Change

Change

4/24/25

% Change

5/22/24

% Change

 

 

Henry Hub Straddle

Jul-25

66.91%

73.35%

-8.78%

-6.44%

61.80%

8.27%

36.02%

85.76%

 

 

Algonquin Straddle

Jul-25

54.76%

61.94%

-11.59%

-7.18%

59.18%

-7.47%

36.05%

51.90%

 

 

Waha Straddle

Jul-25

81.26%

96.36%

-15.67%

-15.10%

149.39%

-45.61%

45.18%

79.86%

 

 

Chicago Straddle

Jul-25

67.51%

75.47%

-10.55%

-7.96%

71.29%

-5.30%

37.20%

81.48%

 

 

PJM West Straddle

Jul-25

79.94%

82.73%

-3.37%

-2.79%

63.01%

26.87%

48.90%

63.48%

 

 

SP – 15 Straddle

Jul-25

264.78%

262.12%

1.01%

2.66%

207.07%

27.87%

47.82%

453.70%

 

 

Mid. C Straddle

Jul-25

141.64%

115.96%

22.15%

25.68%

98.21%

44.22%

70.26%

101.59%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/22/25

5/21/25

% Change

Change

4/24/25

% Change

5/22/24

% Change

 

 

Dutch TTF

Jul-25

EUR 36.47

EUR 36.65

-0.49%

-EUR 0.18

EUR 33.74

8.10%

EUR 37.34

-2.32%

 

 

NBP

Jul-25

GBP 85.64

GBP 86.31

-0.78%

-GBP 0.68

GBP 80.79

6.00%

GBP 91.25

-6.16%

 

 

German Base

Jul-25

EUR 81.46

EUR 82.07

-0.74%

-EUR 0.61

EUR 76.43

6.58%

EUR 87.79

-7.21%

 

 

UK Base

Jul-25

GBP 79.19

GBP 81.42

-2.75%

-GBP 2.24

GBP 73.33

7.98%

GBP 81.12

-2.39%

 

 

French Base

Jul-25

EUR 39.24

EUR 38.57

1.74%

EUR 0.67

EUR 39.34

-0.24%

EUR 68.16

-42.43%

 

 

Italian Base

Jul-25

EUR 116.18

EUR 118.54

-1.99%

-EUR 2.36

EUR 109.95

5.67%

EUR 104.10

11.61%

 

 

JKM LNG

Jul-25

$12.47

$12.66

-1.49%

-$0.19

$11.48

8.65%

$12.77

-2.35%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/22/25

5/21/25

% Change

Change

4/24/25

% Change

5/22/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-25

$36.47

$36.65

-0.49%

-$0.18

$33.74

8.10%

$37.34

-2.32%

 

 

USGC-UK Continent Dirty (WET)

Jul-25

$85.64

$86.31

-0.78%

-$0.68

$80.79

6.00%

$91.25

-6.16%

 

 

TD20 West Africa to UK Continent (WET)

Jul-25

$81.46

$82.07

-0.74%

-$0.61

$76.43

6.58%

$87.79

-7.21%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-25

$79.19

$81.42

-2.75%

-$2.24

$73.33

7.98%

$81.12

-2.39%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-25

$39.24

$38.57

1.74%

$0.67

$39.34

-0.24%

$68.16

-42.43%

 

 

Supramax Timecharter (DRY)

Jul-25

$116.18

$118.54

-1.99%

-$2.36

$109.95

5.67%

$104.10

11.61%

 

 

Capesize Timecharter (DRY)

Jul-25

$12.47

$12.66

-1.49%

-$0.19

$11.48

8.65%

$12.77

-2.35%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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