Prices as of 6:49 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$2.920

$2.894

0.90%

$0.026

237

 

 

WTI

$90.27

$93.89

-3.86%

-$3.62

64,326

 

 

Brent

$96.70

$99.58

-2.89%

-$2.88

4,842

 

 

ULSD

$3.606

$3.715

-2.93%

-$0.109

1,900

 

 

RBOB

$3.118

$3.220

-3.19%

-$0.103

2,350

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$6.55

$5.69

15.11%

$0.86

Jul-26

 

 

3:2:1 Crack

$44.66

$44.92

-0.57%

-$0.26

Jul-26

 

 

PJM West Spark

$55.37

$56.85

-2.61%

-$1.48

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

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

5/26/26

5/22/26

% Change

Change

4/27/26

% Change

5/23/25

% Change

 

 

PJM West On Peak

Jun-26

$61.62

$63.05

-2.26%

-$1.43

$67.43

-8.62%

$57.75

6.69%

 

 

ERCOT North On Peak

Jun-26

$38.00

$44.98

-15.52%

-$6.98

$42.19

-9.93%

$57.21

-33.58%

 

 

CAISO SP 15 On Peak

Jun-26

$14.25

$14.06

1.32%

$0.19

$11.00

29.55%

$29.66

-51.96%

 

 

MISO Indiana On Peak

Jun-26

$49.78

$50.66

-1.74%

-$0.88

$55.24

-9.87%

$52.33

-4.88%

 

 

NEISO Mass On Peak

Jun-26

$43.87

$50.24

-12.68%

-$6.37

$53.76

-18.41%

$52.47

-16.39%

 

 

WECC Mid C On Peak

Jun-26

$28.81

$27.95

3.10%

$0.87

$19.13

50.66%

$47.51

-39.35%

 

 

NYISO Zone G On Peak

Jun-26

$50.25

$49.35

1.81%

$0.90

$55.48

-9.44%

$52.82

-4.86%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/26/26

5/22/26

% Change

Change

4/27/26

% Change

5/23/25

% Change

 

 

NYMEX Henry Hub

Jun-26

$2.894

$2.907

-0.45%

-$0.01

$2.73

6.05%

$4.09

-29.28%

 

 

Houston Ship Channel

Jun-26

-$0.541

-$0.540

0.24%

$0.00

-$0.37

47.61%

-$0.39

38.97%

 

 

Chicago

Jun-26

-$0.465

-$0.465

0.00%

$0.00

-$0.38

22.30%

-$0.44

6.68%

 

 

Waha

Jun-26

-$5.990

-$6.120

-2.12%

$0.13

-$5.81

3.07%

-$2.31

159.49%

 

 

Algonquin

Jun-26

-$0.540

-$0.555

2.70%

$0.01

$0.01

-4600.00%

-$0.39

36.81%

 

 

Aeco

Jun-26

-$1.730

-$1.740

-0.57%

$0.01

-$1.79

-3.51%

-$1.76

-1.98%

 

 

Socal

Jun-26

-$1.280

-$1.280

0.00%

$0.00

-$1.54

-16.81%

-$0.40

216.83%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/26/26

5/22/26

% Change

Change

4/27/26

% Change

5/23/25

% Change

 

 

Mt. Belvieu Propane LST

Jun-26

$0.829

$0.840

-1.34%

-$0.01

$0.85

-2.21%

$0.69

19.46%

 

 

Mt. Belvieu Propane non LST

Jun-26

$0.799

$0.805

-0.78%

-$0.01

$0.83

-3.62%

$0.69

16.22%

 

 

Mt. Belview Ethane

Jun-26

$0.201

$0.200

0.63%

$0.00

$0.21

-5.29%

$0.28

-28.10%

 

 

Mt. Belview Nat. Gasoline

Jun-26

$1.903

$2.010

-5.35%

-$0.11

$2.05

-6.97%

$1.19

59.30%

 

 

Mt. Belvieu Butane LST

Jun-26

$1.066

$1.123

-5.09%

-$0.06

$1.07

-0.56%

$0.77

39.07%

 

 

Far East Propane

Jun-26

$7.800

$7.820

-0.26%

-$0.02

$7.18

8.66%

$4.90

59.13%

 

 

Saudi Propane

Jun-26

$7.531

$7.480

0.68%

$0.05

$6.65

13.25%

$4.80

56.92%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/26/26

5/22/26

% Change

Change

4/27/26

% Change

5/23/25

% Change

 

 

WTI

Jul-26

$93.89

$96.60

-2.89%

-$2.71

$91.45

2.67%

$60.23

55.89%

 

 

Brent

Jul-26

$99.58

$103.54

-3.98%

-$3.96

$101.69

-2.07%

$63.76

56.18%

 

 

WCS

Jul-26

-$13.65

-$13.95

-2.18%

$0.30

-$14.07

-2.96%

-$11.57

17.99%

 

 

LLS

Jul-26

$89.29

$93.44

-4.65%

-$4.15

$88.97

0.36%

$62.34

43.23%

 

 

Mars

Jul-26

$90.95

$95.29

-4.76%

-$4.33

$89.38

1.76%

$60.32

50.78%

 

 

Sour

Jul-26

$91.49

$95.80

-4.72%

-$4.32

$89.73

1.96%

$60.28

51.75%

 

 

ESPO

Jul-26

$97.58

$101.54

-4.06%

-$3.96

$99.69

-2.12%

$61.76

58.00%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/26/26

5/22/26

% Change

Change

4/27/26

% Change

5/23/25

% Change

 

 

NY Heating Oil

Jun-26

$3.69

$3.78

-2.43%

-$0.09

$3.86

-4.43%

$2.04

80.78%

 

 

NY Gasoline

Jun-26

$3.24

$3.35

-3.46%

-$0.12

$3.20

1.00%

$1.98

63.57%

 

 

GC Gasoline

Jun-26

$3.10

$3.21

-3.61%

-$0.12

$3.07

1.04%

$1.88

64.82%

 

 

GC Jet

Jun-26

$3.35

$3.49

-3.93%

-$0.14

$3.80

-11.67%

$1.90

76.38%

 

 

Chicago Ethanol

Jun-26

$2.01

$2.03

-1.23%

-$0.02

$2.00

0.25%

$1.72

16.77%

 

 

Rotterdam Gasoil

Jun-26

$974.00

$1,041.00

-6.44%

-$67.00

$996.00

-2.21%

$591.67

64.62%

 

 

Singapore Jet Kero

Jun-26

$138.00

$144.56

-4.54%

-$6.56

$155.70

-11.37%

$77.84

77.28%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/26/26

5/22/26

% Change

Change

4/27/26

% Change

5/23/25

% Change

 

 

Henry Hub Straddle

Jul-26

47.86%

50.73%

-5.65%

-2.87%

44.35%

7.92%

42.20%

13.42%

 

 

Algonquin Straddle

Jul-26

96.26%

100.39%

-4.12%

-4.13%

160.26%

-39.94%

39.90%

141.25%

 

 

Waha Straddle

Jul-26

116.55%

133.38%

-12.61%

-16.82%

356.70%

-67.32%

88.37%

31.89%

 

 

Chicago Straddle

Jul-26

51.99%

55.66%

-6.59%

-3.67%

46.19%

12.55%

43.52%

19.46%

 

 

PJM West Straddle

Jul-26

74.50%

71.74%

3.85%

2.76%

55.40%

34.48%

37.15%

100.54%

 

 

SP – 15 Straddle

Jul-26

173.92%

173.22%

0.40%

0.70%

75.25%

131.12%

93.87%

85.28%

 

 

Mid. C Straddle

Jul-26

53.75%

57.41%

-6.38%

-3.66%

18.47%

191.01%

68.96%

-22.06%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/26/26

5/22/26

% Change

Change

4/27/26

% Change

5/23/25

% Change

 

 

Dutch TTF

Jul-26

EUR 47.00

EUR 48.85

-3.78%

-EUR 1.85

EUR 44.37

5.93%

EUR 33.96

38.40%

 

 

NBP

Jul-26

GBP 113.40

GBP 116.01

-2.25%

-GBP 2.61

GBP 107.24

5.74%

GBP 82.74

37.06%

 

 

German Base

Jul-26

EUR 98.62

EUR 97.35

1.30%

EUR 1.27

EUR 88.50

11.44%

EUR 81.06

21.67%

 

 

UK Base

Jul-26

GBP 100.42

GBP 102.58

-2.10%

-GBP 2.16

GBP 91.76

9.44%

GBP 71.59

40.28%

 

 

French Base

Jul-26

EUR 48.87

EUR 48.61

0.54%

EUR 0.26

EUR 38.84

25.83%

EUR 38.02

28.55%

 

 

Italian Base

Jul-26

EUR 146.22

EUR 147.66

-0.98%

-EUR 1.44

EUR 132.92

10.01%

EUR 103.03

41.92%

 

 

JKM LNG

Jul-26

$18.78

$18.59

0.99%

$0.18

$16.50

13.79%

$11.63

61.43%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/26/26

5/22/26

% Change

Change

4/27/26

% Change

5/23/25

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-26

$47.00

$48.85

-3.78%

-$1.85

$44.37

5.93%

$33.96

38.40%

 

 

USGC-UK Continent Dirty (WET)

Jul-26

$113.40

$116.01

-2.25%

-$2.61

$107.24

5.74%

$82.74

37.06%

 

 

TD20 West Africa to UK Continent (WET)

Jul-26

$98.62

$97.35

1.30%

$1.27

$88.50

11.44%

$81.06

21.67%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-26

$100.42

$102.58

-2.10%

-$2.16

$91.76

9.44%

$71.59

40.28%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-26

$48.87

$48.61

0.54%

$0.26

$38.84

25.83%

$38.02

28.55%

 

 

Supramax Timecharter (DRY)

Jul-26

$146.22

$147.66

-0.98%

-$1.44

$132.92

10.01%

$103.03

41.92%

 

 

Capesize Timecharter (DRY)

Jul-26

$18.78

$18.59

0.99%

$0.18

$16.50

13.79%

$11.63

61.43%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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