|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:23 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
Natural Gas
|
$3.292
|
$3.334
|
-1.26%
|
-$0.042
|
10,214
|
|
|
WTI
|
$61.21
|
$61.53
|
-0.52%
|
-$0.32
|
92,385
|
|
|
Brent
|
$64.46
|
$64.78
|
-0.49%
|
-$0.32
|
10,660
|
|
|
ULSD
|
$2.099
|
$2.105
|
-0.27%
|
-$0.006
|
3,292
|
|
|
RBOB
|
$2.111
|
$2.109
|
0.07%
|
$0.001
|
2,227
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
WTI-Brent
|
$3.35
|
$3.25
|
3.08%
|
$0.10
|
Jul-25
|
|
|
3:2:1 Crack
|
$25.94
|
$25.67
|
1.04%
|
$0.27
|
Jul-25
|
|
|
PJM West Spark
|
$48.21
|
$45.54
|
5.87%
|
$2.67
|
Jun-25
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
U.S.
|
05/23/25
|
566
|
-10
|
-34
|
05/24/24
|
|
|
Canada
|
05/23/25
|
114
|
-7
|
-6
|
05/24/24
|
|
|
International
|
Apr
|
891
|
-8
|
-87
|
Apr
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 5/20/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
PJM West On Peak
|
100,175
|
99,551
|
99,587
|
-36
|
|
|
PJM West Off Peak
|
85,918
|
85,467
|
85,253
|
214
|
|
|
Natural Gas Henry Hub
|
364,375
|
348,850
|
352,171
|
-3,321
|
|
|
WTI – Light Sweet Crude Futures
|
155,636
|
128,177
|
118,159
|
10,018
|
|
|
Brent Crude Last Day
|
219,655
|
214,247
|
212,714
|
1,533
|
|
|
NYM Ethanol
|
31,712
|
31,019
|
31,180
|
-161
|
|
|
Mt Belvieu LDH Propane Swap
|
154,844
|
154,170
|
154,257
|
-87
|
|
|
RBOB
|
402,946
|
380,096
|
385,834
|
-5,738
|
|
|
HSC Basis
|
875,255
|
869,747
|
871,891
|
-2,144
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
05/22/20
|
|
|
|
|
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
|
5/23/25
|
5/22/25
|
% Change
|
Change
|
4/25/25
|
% Change
|
5/23/24
|
% Change
|
|
|
PJM West On Peak
|
Jun-25
|
$55.33
|
$52.67
|
5.05%
|
$2.66
|
$51.72
|
6.97%
|
$53.51
|
3.41%
|
|
|
ERCOT North On Peak
|
Jun-25
|
$52.50
|
$50.62
|
3.72%
|
$1.88
|
$57.41
|
-8.55%
|
$70.45
|
-25.48%
|
|
|
CAISO SP 15 On Peak
|
Jun-25
|
$24.18
|
$23.47
|
3.05%
|
$0.72
|
$22.27
|
8.59%
|
$34.91
|
-30.74%
|
|
|
MISO Indiana On Peak
|
Jun-25
|
$51.01
|
$48.48
|
5.22%
|
$2.53
|
$46.32
|
10.12%
|
$54.00
|
-5.54%
|
|
|
NEISO Mass On Peak
|
Jun-25
|
$54.32
|
$53.51
|
1.51%
|
$0.81
|
$52.37
|
3.73%
|
$51.81
|
4.85%
|
|
|
WECC Mid C On Peak
|
Jun-25
|
$38.11
|
$36.09
|
5.59%
|
$2.02
|
$26.50
|
43.82%
|
$44.65
|
-14.65%
|
|
|
NYISO Zone G On Peak
|
Jun-25
|
$52.14
|
$49.90
|
4.49%
|
$2.24
|
$50.20
|
3.86%
|
$46.76
|
11.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/23/25
|
5/22/25
|
% Change
|
Change
|
4/25/25
|
% Change
|
5/23/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Jun-25
|
$3.334
|
$3.253
|
2.49%
|
$0.08
|
$3.11
|
7.06%
|
$3.32
|
0.33%
|
|
|
Houston Ship Channel
|
Jun-25
|
-$0.354
|
-$0.326
|
8.63%
|
-$0.03
|
-$0.36
|
-2.45%
|
-$0.37
|
-3.25%
|
|
|
Chicago
|
Jun-25
|
-$0.412
|
-$0.375
|
-8.98%
|
-$0.04
|
-$0.39
|
4.78%
|
-$0.28
|
45.05%
|
|
|
Waha
|
Jun-25
|
-$2.238
|
-$2.132
|
-4.98%
|
-$0.11
|
-$2.08
|
7.53%
|
-$1.03
|
118.11%
|
|
|
Algonquin
|
Jun-25
|
$0.169
|
$0.250
|
-32.73%
|
-$0.08
|
$0.32
|
-47.28%
|
-$0.18
|
-194.61%
|
|
|
Aeco
|
Jun-25
|
-$1.894
|
-$1.899
|
-0.27%
|
$0.01
|
-$1.60
|
18.24%
|
-$1.23
|
53.61%
|
|
|
Socal
|
Jun-25
|
-$0.841
|
-$0.711
|
18.31%
|
-$0.13
|
-$1.09
|
-22.89%
|
-$0.16
|
436.16%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/23/25
|
5/22/25
|
% Change
|
Change
|
4/25/25
|
% Change
|
5/23/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Jun-25
|
$0.757
|
$0.755
|
0.31%
|
$0.00
|
$0.76
|
0.05%
|
$0.68
|
12.03%
|
|
|
Mt. Belvieu Propane non LST
|
Jun-25
|
$0.750
|
$0.751
|
-0.19%
|
$0.00
|
$0.76
|
-1.03%
|
$0.68
|
10.50%
|
|
|
Mt. Belview Ethane
|
Jun-25
|
$0.248
|
$0.248
|
-0.02%
|
$0.00
|
$0.24
|
3.09%
|
$0.26
|
-3.03%
|
|
|
Mt. Belview Nat. Gasoline
|
Jun-25
|
$1.259
|
$1.265
|
-0.44%
|
-$0.01
|
$1.32
|
-4.88%
|
$1.43
|
-11.81%
|
|
|
Mt. Belvieu Butane LST
|
Jun-25
|
$0.838
|
$0.839
|
-0.20%
|
$0.00
|
$0.91
|
-8.03%
|
$0.80
|
4.32%
|
|
|
Far East Propane
|
Jun-25
|
$5.330
|
$5.310
|
0.38%
|
$0.02
|
$5.36
|
-0.64%
|
$5.39
|
-1.19%
|
|
|
Saudi Propane
|
Jun-25
|
$5.887
|
$5.900
|
-0.23%
|
-$0.01
|
$5.56
|
5.93%
|
$5.05
|
16.49%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/23/25
|
5/22/25
|
% Change
|
Change
|
4/25/25
|
% Change
|
5/23/24
|
% Change
|
|
|
WTI
|
Jul-25
|
$61.53
|
$61.20
|
0.54%
|
$0.33
|
$62.33
|
-1.28%
|
$71.96
|
-14.49%
|
|
|
Brent
|
Jul-25
|
$64.78
|
$64.44
|
0.52%
|
$0.34
|
$65.80
|
-1.55%
|
$76.85
|
-15.71%
|
|
|
WCS
|
Jul-25
|
-$8.95
|
-$10.39
|
-16.10%
|
$1.44
|
-$10.00
|
-10.43%
|
-$12.70
|
-29.50%
|
|
|
LLS
|
Jul-25
|
$63.14
|
$62.78
|
0.56%
|
$0.35
|
$63.78
|
-1.00%
|
$74.84
|
-15.64%
|
|
|
Mars
|
Jul-25
|
$61.33
|
$60.83
|
0.82%
|
$0.50
|
$62.87
|
-2.45%
|
$72.04
|
-14.87%
|
|
|
Sour
|
Jul-25
|
$61.69
|
$61.22
|
0.77%
|
$0.47
|
$62.31
|
-0.99%
|
$72.48
|
-14.88%
|
|
|
ESPO
|
Jul-25
|
$62.78
|
$62.44
|
0.54%
|
$0.34
|
$63.80
|
-1.60%
|
$74.85
|
-16.13%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/23/25
|
5/22/25
|
% Change
|
Change
|
4/25/25
|
% Change
|
5/23/24
|
% Change
|
|
|
NY Heating Oil
|
Jun-25
|
$2.11
|
$2.12
|
-0.47%
|
-$0.01
|
$2.10
|
0.43%
|
$2.40
|
-12.09%
|
|
|
NY Gasoline
|
Jun-25
|
$2.11
|
$2.09
|
1.29%
|
$0.03
|
$2.07
|
1.98%
|
$2.33
|
-9.43%
|
|
|
GC Gasoline
|
Jun-25
|
$2.01
|
$1.99
|
1.36%
|
$0.03
|
$1.97
|
2.08%
|
$2.23
|
-9.86%
|
|
|
GC Jet
|
Jun-25
|
$1.93
|
$1.92
|
0.52%
|
$0.01
|
$1.96
|
-1.53%
|
$2.31
|
-16.34%
|
|
|
Chicago Ethanol
|
Jun-25
|
$1.78
|
$1.79
|
-0.73%
|
-$0.01
|
$1.81
|
-1.49%
|
$1.67
|
6.40%
|
|
|
Rotterdam Gasoil
|
Jun-25
|
$627.00
|
$625.11
|
0.30%
|
$1.90
|
$628.01
|
-0.16%
|
$698.47
|
-10.23%
|
|
|
Singapore Jet Kero
|
Jun-25
|
$77.20
|
$77.75
|
-0.71%
|
-$0.56
|
$80.60
|
-4.22%
|
$95.03
|
-18.77%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/23/25
|
5/22/25
|
% Change
|
Change
|
4/25/25
|
% Change
|
5/23/24
|
% Change
|
|
|
Henry Hub Straddle
|
Jul-25
|
63.32%
|
66.91%
|
-5.37%
|
-3.59%
|
60.33%
|
4.96%
|
43.21%
|
46.54%
|
|
|
Algonquin Straddle
|
Jul-25
|
53.23%
|
54.76%
|
-2.79%
|
-1.53%
|
57.86%
|
-8.00%
|
43.23%
|
23.13%
|
|
|
Waha Straddle
|
Jul-25
|
93.72%
|
81.26%
|
15.33%
|
12.46%
|
149.68%
|
-37.39%
|
52.56%
|
78.31%
|
|
|
Chicago Straddle
|
Jul-25
|
63.99%
|
67.51%
|
-5.21%
|
-3.52%
|
67.82%
|
-5.65%
|
44.17%
|
44.87%
|
|
|
PJM West Straddle
|
Jul-25
|
77.39%
|
79.94%
|
-3.19%
|
-2.55%
|
65.48%
|
18.19%
|
49.07%
|
57.71%
|
|
|
SP – 15 Straddle
|
Jul-25
|
270.97%
|
264.78%
|
2.34%
|
6.19%
|
214.46%
|
26.35%
|
48.77%
|
455.61%
|
|
|
Mid. C Straddle
|
Jul-25
|
155.31%
|
141.64%
|
9.65%
|
13.67%
|
86.17%
|
80.24%
|
69.46%
|
123.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/23/25
|
5/22/25
|
% Change
|
Change
|
4/25/25
|
% Change
|
5/23/24
|
% Change
|
|
|
Dutch TTF
|
Jul-25
|
EUR 36.64
|
EUR 36.47
|
0.47%
|
EUR 0.17
|
EUR 32.12
|
14.08%
|
EUR 37.74
|
-2.91%
|
|
|
NBP
|
Jul-25
|
GBP 86.21
|
GBP 85.64
|
0.67%
|
GBP 0.57
|
GBP 77.22
|
11.65%
|
GBP 91.71
|
-5.99%
|
|
|
German Base
|
Jul-25
|
EUR 80.92
|
EUR 81.46
|
-0.66%
|
-EUR 0.53
|
EUR 74.98
|
7.92%
|
EUR 89.03
|
-9.11%
|
|
|
UK Base
|
Jul-25
|
GBP 78.82
|
GBP 79.19
|
-0.46%
|
-GBP 0.36
|
GBP 70.94
|
11.11%
|
GBP 80.29
|
-1.83%
|
|
|
French Base
|
Jul-25
|
EUR 39.21
|
EUR 39.24
|
-0.07%
|
-EUR 0.03
|
EUR 38.45
|
1.99%
|
EUR 68.34
|
-42.62%
|
|
|
Italian Base
|
Jul-25
|
EUR 115.64
|
EUR 116.18
|
-0.47%
|
-EUR 0.55
|
EUR 110.87
|
4.30%
|
EUR 106.59
|
8.49%
|
|
|
JKM LNG
|
Jul-25
|
$12.60
|
$12.47
|
1.08%
|
$0.13
|
$11.20
|
12.56%
|
$12.95
|
-2.70%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/23/25
|
5/22/25
|
% Change
|
Change
|
4/25/25
|
% Change
|
5/23/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Jul-25
|
$36.64
|
$36.47
|
0.47%
|
$0.17
|
$32.12
|
14.08%
|
$37.74
|
-2.91%
|
|
|
USGC-UK Continent Dirty (WET)
|
Jul-25
|
$86.21
|
$85.64
|
0.67%
|
$0.57
|
$77.22
|
11.65%
|
$91.71
|
-5.99%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Jul-25
|
$80.92
|
$81.46
|
-0.66%
|
-$0.53
|
$74.98
|
7.92%
|
$89.03
|
-9.11%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Jul-25
|
$78.82
|
$79.19
|
-0.46%
|
-$0.36
|
$70.94
|
11.11%
|
$80.29
|
-1.83%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Jul-25
|
$39.21
|
$39.24
|
-0.07%
|
-$0.03
|
$38.45
|
1.99%
|
$68.34
|
-42.62%
|
|
|
Supramax Timecharter (DRY)
|
Jul-25
|
$115.64
|
$116.18
|
-0.47%
|
-$0.55
|
$110.87
|
4.30%
|
$106.59
|
8.49%
|
|
|
Capesize Timecharter (DRY)
|
Jul-25
|
$12.60
|
$12.47
|
1.08%
|
$0.13
|
$11.20
|
12.56%
|
$12.95
|
-2.70%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/24/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
New England
|
0
|
-2
|
-9
|
4
|
1
|
-5
|
NA
|
NA
|
|
|
Middle Atlantic
|
0
|
-7
|
-19
|
11
|
-2
|
-19
|
NA
|
NA
|
|
|
E N Central
|
0
|
-14
|
-33
|
17
|
-16
|
-27
|
NA
|
NA
|
|
|
W N Central
|
2
|
-16
|
-26
|
37
|
-11
|
-7
|
NA
|
NA
|
|
|
South Atlantic
|
56
|
10
|
-2
|
386
|
80
|
33
|
26.00%
|
9.00%
|
|
|
E S Central
|
44
|
8
|
-12
|
210
|
63
|
2
|
43.00%
|
1.00%
|
|
|
W S Central
|
93
|
28
|
2
|
494
|
142
|
34
|
40.00%
|
7.00%
|
|
|
Mountain
|
24
|
-1
|
4
|
97
|
-15
|
30
|
-13.00%
|
45.00%
|
|
|
Pacific
|
5
|
-4
|
5
|
16
|
-28
|
15
|
NA
|
NA
|
|
|
United States
|
26
|
0
|
-10
|
156
|
26
|
6
|
20.00%
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
05/24/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
New England
|
91
|
39
|
64
|
6,097
|
-410
|
437
|
-6.00%
|
8.00%
|
|
|
Middle Atlantic
|
71
|
33
|
63
|
5,281
|
-564
|
364
|
-10.00%
|
7.00%
|
|
|
E N Central
|
75
|
31
|
68
|
5,855
|
-560
|
589
|
-9.00%
|
11.00%
|
|
|
W N Central
|
66
|
28
|
48
|
6,082
|
-591
|
472
|
-9.00%
|
8.00%
|
|
|
South Atlantic
|
11
|
1
|
8
|
2,575
|
-264
|
121
|
-9.00%
|
5.00%
|
|
|
E S Central
|
10
|
-3
|
8
|
3,171
|
-417
|
96
|
-12.00%
|
3.00%
|
|
|
W S Central
|
1
|
-1
|
1
|
1,941
|
-344
|
-102
|
-15.00%
|
-5.00%
|
|
|
Mountain
|
47
|
2
|
0
|
4,689
|
-402
|
-109
|
-8.00%
|
-2.00%
|
|
|
Pacific
|
29
|
-7
|
-14
|
3,029
|
-93
|
12
|
-3.00%
|
0.00%
|
|
|
United States
|
42
|
13
|
26
|
4,078
|
-385
|
212
|
-9.00%
|
6.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
Weather Forecast & Seasonal Outlook
|

|

|
|

|

|
|

|

|
|

|

|
|

|

|
|

|

|
|
|
|