|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 6:23 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$2.934
|
$2.907
|
0.93%
|
$0.027
|
9,940
|
|
|
|
WTI
|
$92.06
|
$96.60
|
-4.70%
|
-$4.54
|
178,567
|
|
|
|
Brent
|
$98.48
|
$103.54
|
-4.89%
|
-$5.06
|
19,546
|
|
|
|
ULSD
|
$3.786
|
$3.888
|
-2.61%
|
-$0.102
|
5,999
|
|
|
|
RBOB
|
$3.305
|
$3.454
|
-4.30%
|
-$0.149
|
4,063
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$6.34
|
$6.94
|
-8.65%
|
-$0.60
|
Jul-26
|
|
|
|
3:2:1 Crack
|
$49.46
|
$50.05
|
-1.18%
|
-$0.59
|
Jul-26
|
|
|
|
PJM West Spark
|
$56.79
|
$57.44
|
-1.14%
|
-$0.65
|
Jun-26
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
05/22/26
|
558
|
7
|
-8
|
05/23/25
|
|
|
|
Canada
|
05/22/26
|
138
|
14
|
24
|
05/23/25
|
|
|
|
International
|
Apr-2026
|
1036
|
-22
|
-51
|
Apr-2025
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 5/19/2026
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
128,828
|
128,265
|
128,519
|
-254
|
|
|
|
PJM West Off Peak
|
122,004
|
121,615
|
121,693
|
-78
|
|
|
|
Natural Gas Henry Hub
|
391,766
|
375,283
|
371,726
|
3,557
|
|
|
|
WTI – Light Sweet Crude Futures
|
225,508
|
192,450
|
181,873
|
10,577
|
|
|
|
Brent Crude Last Day
|
359,970
|
349,653
|
353,750
|
-4,097
|
|
|
|
NYM Ethanol
|
54,054
|
53,508
|
53,427
|
81
|
|
|
|
Mt Belvieu LDH Propane Swap
|
111,172
|
110,502
|
110,364
|
138
|
|
|
|
RBOB
|
322,416
|
295,016
|
308,434
|
-13,418
|
|
|
|
HSC Basis
|
959,695
|
951,770
|
951,499
|
271
|
|
|
|
|
|
|
|
|
|
|
|
|
EIA Short Term Energy Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
|
|
Brent
|
$82.00
|
$81.00
|
$66.00
|
$59.00
|
|
|
|
Gasoline
|
$3.50
|
$3.30
|
$3.10
|
$3.10
|
|
|
|
Crude Oil Production
|
$12.90
|
$13.20
|
$13.40
|
$13.50
|
|
|
|
Natural Gas Spot
|
$2.50
|
$2.20
|
$4.10
|
$4.80
|
|
|
|
LNG Exports
|
12.00
|
12.00
|
15.00
|
16.00
|
|
|
|
|
|
|
|
|
|
|
|
|
Electrical Generation %
|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
|
|
Natural gas
|
42.00%
|
42.00%
|
40.00%
|
40.00%
|
|
|
|
Coal
|
17.00%
|
16.00%
|
16.00%
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/21/21
|
|
|
|
|
|
5/15/26
|
5/8/26
|
Net Change
|
% Change
|
5/16/25
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
419
|
388
|
31
|
7.99%
|
432
|
-3.01%
|
428
|
-2.19%
|
|
|
|
Midwest
|
505
|
476
|
29
|
6.09%
|
512
|
-1.37%
|
515
|
-1.98%
|
|
|
|
Mountain
|
210
|
206
|
4
|
1.94%
|
192
|
9.38%
|
153
|
36.90%
|
|
|
|
Pacific
|
286
|
279
|
7
|
2.51%
|
244
|
17.21%
|
218
|
31.43%
|
|
|
|
South
|
972
|
941
|
31
|
3.29%
|
996
|
-2.41%
|
976
|
-0.37%
|
|
|
|
Salt
|
298
|
285
|
13
|
4.56%
|
321
|
-7.17%
|
296
|
0.61%
|
|
|
|
Non_Salt
|
673
|
656
|
17
|
2.59%
|
674
|
-0.15%
|
679
|
-0.91%
|
|
|
|
Total
|
2,391
|
2,290
|
101
|
4.41%
|
2,375
|
0.67%
|
2,290
|
4.42%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/22/26
|
5/21/26
|
% Change
|
Change
|
4/24/26
|
% Change
|
5/22/25
|
% Change
|
|
|
|
PJM West On Peak
|
Jun-26
|
$63.05
|
$63.66
|
-0.96%
|
-$0.61
|
$66.60
|
-5.33%
|
$57.19
|
10.23%
|
|
|
|
ERCOT North On Peak
|
Jun-26
|
$44.98
|
$38.99
|
15.35%
|
$5.99
|
$39.38
|
14.22%
|
$56.35
|
-20.18%
|
|
|
|
CAISO SP 15 On Peak
|
Jun-26
|
$14.06
|
$14.02
|
0.35%
|
$0.05
|
$11.06
|
27.14%
|
$30.10
|
-53.27%
|
|
|
|
MISO Indiana On Peak
|
Jun-26
|
$50.66
|
$50.93
|
-0.52%
|
-$0.26
|
$55.49
|
-8.69%
|
$51.84
|
-2.27%
|
|
|
|
NEISO Mass On Peak
|
Jun-26
|
$50.24
|
$51.77
|
-2.97%
|
-$1.54
|
$53.73
|
-6.51%
|
$53.61
|
-6.29%
|
|
|
|
WECC Mid C On Peak
|
Jun-26
|
$27.95
|
$27.83
|
0.41%
|
$0.11
|
$16.90
|
65.41%
|
$47.44
|
-41.08%
|
|
|
|
NYISO Zone G On Peak
|
Jun-26
|
$49.35
|
$50.84
|
-2.93%
|
-$1.49
|
$55.20
|
-10.59%
|
$53.91
|
-8.46%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/22/26
|
5/21/26
|
% Change
|
Change
|
4/24/26
|
% Change
|
5/22/25
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Jun-26
|
$2.907
|
$3.018
|
-3.68%
|
-$0.11
|
$2.68
|
8.35%
|
$4.04
|
-27.99%
|
|
|
|
Houston Ship Channel
|
Jun-26
|
-$0.540
|
-$0.515
|
4.85%
|
-$0.03
|
-$0.36
|
48.43%
|
-$0.38
|
42.22%
|
|
|
|
Chicago
|
Jun-26
|
-$0.465
|
-$0.465
|
0.00%
|
$0.00
|
-$0.37
|
25.51%
|
-$0.42
|
9.49%
|
|
|
|
Waha
|
Jun-26
|
-$6.120
|
-$6.350
|
-3.62%
|
$0.23
|
-$5.82
|
5.12%
|
-$2.25
|
171.57%
|
|
|
|
Algonquin
|
Jun-26
|
-$0.555
|
-$0.590
|
5.93%
|
$0.03
|
$0.13
|
-541.53%
|
-$0.37
|
48.04%
|
|
|
|
Aeco
|
Jun-26
|
-$1.740
|
-$1.820
|
-4.40%
|
$0.08
|
-$1.80
|
-3.08%
|
-$1.76
|
-1.22%
|
|
|
|
Socal
|
Jun-26
|
-$1.280
|
-$1.390
|
-7.91%
|
$0.11
|
-$1.60
|
-20.17%
|
-$0.41
|
212.27%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/22/26
|
5/21/26
|
% Change
|
Change
|
4/24/26
|
% Change
|
5/22/25
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Jun-26
|
$0.840
|
$0.845
|
-0.59%
|
-$0.01
|
$0.85
|
-1.18%
|
$0.69
|
22.07%
|
|
|
|
Mt. Belvieu Propane non LST
|
Jun-26
|
$0.805
|
$0.828
|
-2.72%
|
-$0.02
|
$0.84
|
-4.45%
|
$0.69
|
16.60%
|
|
|
|
Mt. Belview Ethane
|
Jun-26
|
$0.200
|
$0.204
|
-1.84%
|
$0.00
|
$0.21
|
-4.76%
|
$0.28
|
-27.87%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Jun-26
|
$2.010
|
$2.051
|
-2.01%
|
-$0.04
|
$1.99
|
1.01%
|
$1.21
|
65.67%
|
|
|
|
Mt. Belvieu Butane LST
|
Jun-26
|
$1.123
|
$1.182
|
-4.97%
|
-$0.06
|
$1.10
|
2.39%
|
$0.76
|
47.01%
|
|
|
|
Far East Propane
|
Jun-26
|
$7.820
|
$8.080
|
-3.22%
|
-$0.26
|
$7.03
|
11.24%
|
$4.87
|
60.65%
|
|
|
|
Saudi Propane
|
Jun-26
|
$7.480
|
$7.441
|
0.53%
|
$0.04
|
$6.60
|
13.33%
|
$4.85
|
54.27%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/22/26
|
5/21/26
|
% Change
|
Change
|
4/24/26
|
% Change
|
5/22/25
|
% Change
|
|
|
|
WTI
|
Jul-26
|
$96.60
|
$96.35
|
0.26%
|
$0.25
|
$89.58
|
7.84%
|
$60.03
|
60.92%
|
|
|
|
Brent
|
Jul-26
|
$103.54
|
$102.58
|
0.93%
|
$0.96
|
$99.13
|
4.45%
|
$63.55
|
62.93%
|
|
|
|
WCS
|
Jul-26
|
-$13.95
|
-$14.00
|
-0.37%
|
$0.05
|
-$13.73
|
1.60%
|
-$13.28
|
5.01%
|
|
|
|
LLS
|
Jul-26
|
$93.44
|
$94.64
|
-1.28%
|
-$1.20
|
$87.35
|
6.98%
|
$62.02
|
50.66%
|
|
|
|
Mars
|
Jul-26
|
$95.29
|
$96.94
|
-1.74%
|
-$1.65
|
$87.44
|
8.97%
|
$59.63
|
59.78%
|
|
|
|
Sour
|
Jul-26
|
$95.80
|
$96.54
|
-0.78%
|
-$0.74
|
$90.13
|
6.30%
|
$59.83
|
60.12%
|
|
|
|
ESPO
|
Jul-26
|
$101.54
|
$100.58
|
0.95%
|
$0.96
|
$97.13
|
4.54%
|
$61.55
|
64.97%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/22/26
|
5/21/26
|
% Change
|
Change
|
4/24/26
|
% Change
|
5/22/25
|
% Change
|
|
|
|
NY Heating Oil
|
Jun-26
|
$3.78
|
$3.85
|
-1.82%
|
-$0.07
|
$3.82
|
-1.12%
|
$2.03
|
85.93%
|
|
|
|
NY Gasoline
|
Jun-26
|
$3.35
|
$3.55
|
-5.42%
|
-$0.19
|
$3.31
|
1.24%
|
$1.98
|
69.00%
|
|
|
|
GC Gasoline
|
Jun-26
|
$3.21
|
$3.40
|
-5.64%
|
-$0.19
|
$3.17
|
1.29%
|
$1.88
|
70.54%
|
|
|
|
GC Jet
|
Jun-26
|
$3.49
|
$3.56
|
-1.97%
|
-$0.07
|
$3.66
|
-4.64%
|
$1.89
|
85.05%
|
|
|
|
Chicago Ethanol
|
Jun-26
|
$2.03
|
$2.02
|
0.74%
|
$0.01
|
$1.96
|
3.57%
|
$1.65
|
23.18%
|
|
|
|
Rotterdam Gasoil
|
Jun-26
|
$1,041.00
|
$1,020.75
|
1.98%
|
$20.25
|
$977.25
|
6.52%
|
$594.91
|
74.98%
|
|
|
|
Singapore Jet Kero
|
Jun-26
|
$144.56
|
$148.51
|
-2.66%
|
-$3.95
|
$150.25
|
-3.79%
|
$78.32
|
84.58%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/22/26
|
5/21/26
|
% Change
|
Change
|
4/24/26
|
% Change
|
5/22/25
|
% Change
|
|
|
|
Henry Hub Straddle
|
Jul-26
|
50.73%
|
56.35%
|
-9.97%
|
-5.62%
|
44.97%
|
12.81%
|
44.26%
|
14.62%
|
|
|
|
Algonquin Straddle
|
Jul-26
|
100.39%
|
109.28%
|
-8.14%
|
-8.89%
|
166.10%
|
-39.56%
|
41.80%
|
140.17%
|
|
|
|
Waha Straddle
|
Jul-26
|
133.38%
|
142.61%
|
-6.48%
|
-9.24%
|
381.32%
|
-65.02%
|
85.87%
|
55.32%
|
|
|
|
Chicago Straddle
|
Jul-26
|
55.66%
|
58.51%
|
-4.88%
|
-2.85%
|
46.56%
|
19.54%
|
44.59%
|
24.82%
|
|
|
|
PJM West Straddle
|
Jul-26
|
71.74%
|
70.57%
|
1.66%
|
1.17%
|
54.90%
|
30.67%
|
37.14%
|
93.16%
|
|
|
|
SP – 15 Straddle
|
Jul-26
|
173.22%
|
166.63%
|
3.95%
|
6.59%
|
76.35%
|
126.88%
|
94.01%
|
84.26%
|
|
|
|
Mid. C Straddle
|
Jul-26
|
57.41%
|
49.87%
|
15.12%
|
7.54%
|
18.35%
|
212.86%
|
68.33%
|
-15.98%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/22/26
|
5/21/26
|
% Change
|
Change
|
4/24/26
|
% Change
|
5/22/25
|
% Change
|
|
|
|
Dutch TTF
|
Jul-26
|
EUR 48.85
|
EUR 47.62
|
2.58%
|
EUR 1.23
|
EUR 44.48
|
9.81%
|
EUR 33.60
|
45.36%
|
|
|
|
NBP
|
Jul-26
|
GBP 116.01
|
GBP 115.24
|
0.67%
|
GBP 0.77
|
GBP 107.76
|
7.66%
|
GBP 83.09
|
39.62%
|
|
|
|
German Base
|
Jul-26
|
EUR 97.35
|
EUR 96.56
|
0.82%
|
EUR 0.79
|
EUR 89.77
|
8.44%
|
EUR 80.81
|
20.47%
|
|
|
|
UK Base
|
Jul-26
|
GBP 102.58
|
GBP 101.14
|
1.42%
|
GBP 1.44
|
GBP 92.89
|
10.44%
|
GBP 71.95
|
42.58%
|
|
|
|
French Base
|
Jul-26
|
EUR 48.61
|
EUR 45.50
|
6.84%
|
EUR 3.11
|
EUR 39.32
|
23.64%
|
EUR 37.23
|
30.58%
|
|
|
|
Italian Base
|
Jul-26
|
EUR 147.66
|
EUR 142.10
|
3.92%
|
EUR 5.57
|
EUR 134.61
|
9.70%
|
EUR 102.26
|
44.40%
|
|
|
|
JKM LNG
|
Jul-26
|
$18.59
|
$18.96
|
-1.93%
|
-$0.37
|
$16.81
|
10.61%
|
$11.48
|
62.01%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/22/26
|
5/21/26
|
% Change
|
Change
|
4/24/26
|
% Change
|
5/22/25
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Jul-26
|
$48.85
|
$47.62
|
2.58%
|
$1.23
|
$44.48
|
9.81%
|
$33.60
|
45.36%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Jul-26
|
$116.01
|
$115.24
|
0.67%
|
$0.77
|
$107.76
|
7.66%
|
$83.09
|
39.62%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Jul-26
|
$97.35
|
$96.56
|
0.82%
|
$0.79
|
$89.77
|
8.44%
|
$80.81
|
20.47%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Jul-26
|
$102.58
|
$101.14
|
1.42%
|
$1.44
|
$92.89
|
10.44%
|
$71.95
|
42.58%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Jul-26
|
$48.61
|
$45.50
|
6.84%
|
$3.11
|
$39.32
|
23.64%
|
$37.23
|
30.58%
|
|
|
|
Supramax Timecharter (DRY)
|
Jul-26
|
$147.66
|
$142.10
|
3.92%
|
$5.57
|
$134.61
|
9.70%
|
$102.26
|
44.40%
|
|
|
|
Capesize Timecharter (DRY)
|
Jul-26
|
$18.59
|
$18.96
|
-1.93%
|
-$0.37
|
$16.81
|
10.61%
|
$11.48
|
62.01%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/23/2026
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
23
|
21
|
21
|
24
|
22
|
20
|
NA
|
NA
|
|
|
|
Middle Atlantic
|
38
|
31
|
32
|
56
|
45
|
45
|
NA
|
NA
|
|
|
|
E N Central
|
20
|
6
|
20
|
35
|
5
|
18
|
NA
|
NA
|
|
|
|
W N Central
|
11
|
-6
|
9
|
49
|
4
|
13
|
NA
|
NA
|
|
|
|
South Atlantic
|
72
|
27
|
10
|
375
|
76
|
-5
|
25.00%
|
-1.00%
|
|
|
|
E S Central
|
62
|
27
|
12
|
213
|
72
|
7
|
51.00%
|
3.00%
|
|
|
|
W S Central
|
73
|
10
|
-20
|
539
|
197
|
60
|
58.00%
|
13.00%
|
|
|
|
Mountain
|
16
|
-8
|
-5
|
157
|
49
|
64
|
45.00%
|
69.00%
|
|
|
|
Pacific
|
4
|
-4
|
0
|
44
|
2
|
28
|
NA
|
NA
|
|
|
|
United States
|
38
|
13
|
9
|
178
|
52
|
26
|
41.00%
|
17.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/23/2026
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
30
|
-24
|
-50
|
6,509
|
9
|
425
|
0.00%
|
7.00%
|
|
|
|
Middle Atlantic
|
29
|
-11
|
-32
|
5,724
|
-116
|
454
|
-2.00%
|
9.00%
|
|
|
|
E N Central
|
33
|
-12
|
-37
|
6,017
|
-392
|
173
|
-6.00%
|
3.00%
|
|
|
|
W N Central
|
54
|
14
|
-14
|
5,854
|
-814
|
-221
|
-12.00%
|
-4.00%
|
|
|
|
South Atlantic
|
7
|
-4
|
-1
|
2,693
|
-145
|
121
|
-5.00%
|
5.00%
|
|
|
|
E S Central
|
1
|
-12
|
-5
|
3,125
|
-462
|
-42
|
-13.00%
|
-1.00%
|
|
|
|
W S Central
|
2
|
0
|
1
|
1,700
|
-585
|
-240
|
-26.00%
|
-12.00%
|
|
|
|
Mountain
|
61
|
15
|
11
|
3,884
|
-1,201
|
-801
|
-24.00%
|
-17.00%
|
|
|
|
Pacific
|
23
|
-14
|
-11
|
2,333
|
-784
|
-692
|
-25.00%
|
-23.00%
|
|
|
|
United States
|
24
|
-6
|
-15
|
4,004
|
-455
|
-68
|
-10.00%
|
-2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|

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