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Prices as of 7:15 AM CST
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|
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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
|
|
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Spreads
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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
|
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Baker Hughes Rig Count
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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
|
|
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International
|
Apr
|
891
|
-8
|
-87
|
Apr
|
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CFTC Net Positions
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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
|
|
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Natural Gas Henry Hub
|
364,803
|
349,278
|
352,599
|
-3,321
|
|
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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
|
|
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RBOB
|
399,755
|
375,246
|
382,321
|
-7,075
|
|
|
HSC Basis
|
865,872
|
859,403
|
861,188
|
-1,785
|
|
|
|
|
|
|
|
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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%
|
|
|
|
|
|
|
|
|
|
|
|
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|
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Short Term Energy Outlook
|

|

|
|

|

|
|

|

|
|
|
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|
|
|
|
|
|
|
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|
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%
|
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|
|
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Power Generation Additions/Retirements
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Front Month Prices
|
|
|
|
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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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