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Prices as of 7:27 AM CST
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Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
Natural Gas
|
$3.479
|
$3.398
|
2.38%
|
$0.081
|
212
|
|
|
WTI
|
$61.58
|
$60.89
|
1.13%
|
$0.69
|
48,043
|
|
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Brent
|
$64.73
|
$64.09
|
1.00%
|
$0.64
|
4,060
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ULSD
|
$2.098
|
$2.079
|
0.90%
|
$0.019
|
1,881
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RBOB
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$2.091
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$2.072
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0.94%
|
$0.019
|
1,867
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Spreads
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Current
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Previous
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% Change
|
Change
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Contract
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WTI-Brent
|
$3.20
|
$3.20
|
0.00%
|
$0.00
|
Jul-25
|
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3:2:1 Crack
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$25.37
|
$25.20
|
0.68%
|
$0.17
|
Jul-25
|
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PJM West Spark
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$48.05
|
$48.06
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-0.02%
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-$0.01
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Jun-25
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Baker Hughes Rig Count
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Date
|
Count
|
Change
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1 Year Chg.
|
1 Year Date
|
|
|
U.S.
|
05/23/25
|
566
|
-10
|
-34
|
05/24/24
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Canada
|
05/23/25
|
114
|
-7
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-6
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05/24/24
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International
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Apr
|
891
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-8
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-87
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Apr
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CFTC Net Positions
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As of 5/20/2025
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Open Interest
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Total Net Long
|
Total Net Short
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Diff
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PJM West On Peak
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100,175
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99,551
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99,587
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-36
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PJM West Off Peak
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85,918
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85,467
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85,253
|
214
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Natural Gas Henry Hub
|
364,375
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348,850
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352,171
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-3,321
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WTI – Light Sweet Crude Futures
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155,636
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128,177
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118,159
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10,018
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Brent Crude Last Day
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219,655
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214,247
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212,714
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1,533
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NYM Ethanol
|
31,712
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31,019
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31,180
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-161
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Mt Belvieu LDH Propane Swap
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154,844
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154,170
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154,257
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-87
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RBOB
|
402,946
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380,096
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385,834
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-5,738
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HSC Basis
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875,255
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869,747
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871,891
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-2,144
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EIA Short Term Energy Outlook
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2023
|
2024
|
2025 Projected
|
2026 Projected
|
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Brent
|
$82.00
|
$81.00
|
$74.00
|
$66.00
|
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Gasoline
|
$3.50
|
$3.30
|
$3.20
|
$3.00
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Crude Oil Production
|
$12.90
|
$13.20
|
$13.50
|
$13.60
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Natural Gas Spot
|
$2.50
|
$2.20
|
$3.10
|
$4.00
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LNG Exports
|
12.00
|
12.00
|
14.00
|
16.00
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Electrical Generation %
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2023
|
2024
|
2025 Projected
|
2026 Projected
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Natural gas
|
42.00%
|
43.00%
|
41.00%
|
40.00%
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Coal
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17.00%
|
16.00%
|
15.00%
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15.00%
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Renewables
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22.00%
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23.00%
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25.00%
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27.00%
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Nuclear
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19.00%
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19.00%
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19.00%
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19.00%
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Short Term Energy Outlook
|

|

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|

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|

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EIA Lower 48 Natural Gas Storage
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05/22/20
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5/16/25
|
5/9/25
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Net Change
|
% Change
|
5/17/24
|
% Change
|
5 Year Avg.
|
% Change
|
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East
|
432
|
396
|
36
|
9.09%
|
511
|
-15.46%
|
443
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-2.44%
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Midwest
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512
|
480
|
32
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6.67%
|
628
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-18.47%
|
534
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-4.12%
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Mountain
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192
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185
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7
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3.78%
|
202
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-4.95%
|
141
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35.79%
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Pacific
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244
|
237
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7
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2.95%
|
259
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-5.79%
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222
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10.11%
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South
|
996
|
957
|
39
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4.08%
|
1,112
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-10.43%
|
997
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-0.14%
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Salt
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321
|
308
|
13
|
4.22%
|
319
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0.63%
|
302
|
6.43%
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Non_Salt
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674
|
648
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26
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4.01%
|
793
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-15.01%
|
696
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-3.13%
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Total
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2,375
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2,255
|
120
|
5.32%
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2,711
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-12.39%
|
2,337
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1.62%
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Power Generation Additions/Retirements
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Front Month Prices
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Electricity
|
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OTCGH/EOXLive Market Data
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Contract
|
5/27/25
|
5/23/25
|
% Change
|
Change
|
4/28/25
|
% Change
|
5/24/24
|
% Change
|
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PJM West On Peak
|
Jun-25
|
$55.49
|
$55.33
|
0.30%
|
$0.16
|
$51.19
|
8.41%
|
$52.58
|
5.54%
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ERCOT North On Peak
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Jun-25
|
$50.67
|
$52.50
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-3.50%
|
-$1.84
|
$56.41
|
-10.18%
|
$71.32
|
-28.96%
|
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CAISO SP 15 On Peak
|
Jun-25
|
$24.90
|
$24.18
|
2.96%
|
$0.72
|
$22.58
|
10.28%
|
$34.24
|
-27.29%
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MISO Indiana On Peak
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Jun-25
|
$51.34
|
$51.01
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0.65%
|
$0.33
|
$50.89
|
0.90%
|
$53.07
|
-3.25%
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NEISO Mass On Peak
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Jun-25
|
$54.62
|
$54.32
|
0.54%
|
$0.29
|
$53.14
|
2.78%
|
$51.32
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6.44%
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WECC Mid C On Peak
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Jun-25
|
$38.13
|
$38.11
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0.03%
|
$0.01
|
$27.06
|
40.88%
|
$42.60
|
-10.50%
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NYISO Zone G On Peak
|
Jun-25
|
$49.16
|
$52.14
|
-5.72%
|
-$2.98
|
$50.18
|
-2.03%
|
$46.64
|
5.41%
|
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Natural Gas & Basis
|
|
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|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/27/25
|
5/23/25
|
% Change
|
Change
|
4/28/25
|
% Change
|
5/24/24
|
% Change
|
|
|
NYMEX Henry Hub
|
Jun-25
|
$3.398
|
$3.334
|
1.92%
|
$0.06
|
$3.34
|
1.65%
|
$3.26
|
4.17%
|
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Houston Ship Channel
|
Jun-25
|
-$0.324
|
-$0.354
|
-8.28%
|
$0.03
|
-$0.38
|
-15.01%
|
-$0.36
|
-10.01%
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Chicago
|
Jun-25
|
-$0.390
|
-$0.412
|
5.51%
|
$0.02
|
-$0.42
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-6.89%
|
-$0.28
|
38.60%
|
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Waha
|
Jun-25
|
-$2.099
|
-$2.238
|
-6.21%
|
$0.14
|
-$2.16
|
-2.97%
|
-$1.02
|
106.12%
|
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Algonquin
|
Jun-25
|
$0.105
|
$0.169
|
-37.74%
|
-$0.06
|
$0.35
|
-70.00%
|
-$0.18
|
-157.83%
|
|
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Aeco
|
Jun-25
|
-$1.916
|
-$1.894
|
1.14%
|
-$0.02
|
-$1.73
|
10.60%
|
-$1.22
|
56.39%
|
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Socal
|
Jun-25
|
-$0.731
|
-$0.841
|
-13.00%
|
$0.11
|
-$1.12
|
-34.46%
|
-$0.18
|
312.99%
|
|
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|
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Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/27/25
|
5/23/25
|
% Change
|
Change
|
4/28/25
|
% Change
|
5/24/24
|
% Change
|
|
|
Mt. Belvieu Propane LST
|
Jun-25
|
$0.754
|
$0.757
|
-0.49%
|
$0.00
|
$0.75
|
-0.15%
|
$0.69
|
9.32%
|
|
|
Mt. Belvieu Propane non LST
|
Jun-25
|
$0.750
|
$0.750
|
0.00%
|
$0.00
|
$0.76
|
-1.03%
|
$0.70
|
7.19%
|
|
|
Mt. Belview Ethane
|
Jun-25
|
$0.248
|
$0.248
|
0.00%
|
$0.00
|
$0.25
|
0.70%
|
$0.24
|
4.58%
|
|
|
Mt. Belview Nat. Gasoline
|
Jun-25
|
$1.271
|
$1.259
|
0.95%
|
$0.01
|
$1.30
|
-2.28%
|
$1.45
|
-12.38%
|
|
|
Mt. Belvieu Butane LST
|
Jun-25
|
$0.834
|
$0.838
|
-0.45%
|
$0.00
|
$0.91
|
-8.01%
|
$0.82
|
1.76%
|
|
|
Far East Propane
|
Jun-25
|
$5.350
|
$5.330
|
0.37%
|
$0.02
|
$5.28
|
1.32%
|
$5.33
|
0.42%
|
|
|
Saudi Propane
|
Jun-25
|
$5.930
|
$5.887
|
0.74%
|
$0.04
|
$5.60
|
5.88%
|
$5.01
|
18.45%
|
|
|
|
|
|
|
|
|
|
|
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|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/27/25
|
5/23/25
|
% Change
|
Change
|
4/28/25
|
% Change
|
5/24/24
|
% Change
|
|
|
WTI
|
Jul-25
|
$60.89
|
$61.53
|
-1.05%
|
-$0.64
|
$61.37
|
-0.78%
|
$72.32
|
-15.80%
|
|
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Brent
|
Jul-25
|
$64.09
|
$64.78
|
-1.08%
|
-$0.69
|
$64.79
|
-1.08%
|
$77.27
|
-17.06%
|
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WCS
|
Jul-25
|
-$9.75
|
-$8.95
|
8.17%
|
-$0.80
|
-$10.25
|
-4.88%
|
-$12.70
|
-23.22%
|
|
|
LLS
|
Jul-25
|
$62.40
|
$63.14
|
-1.19%
|
-$0.74
|
$63.03
|
-1.01%
|
$74.35
|
-16.08%
|
|
|
Mars
|
Jul-25
|
$60.73
|
$61.33
|
-0.99%
|
-$0.60
|
$61.78
|
-1.69%
|
$71.65
|
-15.24%
|
|
|
Sour
|
Jul-25
|
$60.99
|
$61.69
|
-1.15%
|
-$0.70
|
$61.71
|
-1.15%
|
$72.01
|
-15.30%
|
|
|
ESPO
|
Jul-25
|
$62.09
|
$62.78
|
-1.11%
|
-$0.69
|
$62.79
|
-1.11%
|
$75.27
|
-17.51%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/27/25
|
5/23/25
|
% Change
|
Change
|
4/28/25
|
% Change
|
5/24/24
|
% Change
|
|
|
NY Heating Oil
|
Jun-25
|
$2.08
|
$2.11
|
-1.33%
|
-$0.03
|
$2.10
|
-0.81%
|
$2.41
|
-13.83%
|
|
|
NY Gasoline
|
Jun-25
|
$2.09
|
$2.11
|
-1.23%
|
-$0.03
|
$2.10
|
-0.67%
|
$2.32
|
-9.97%
|
|
|
GC Gasoline
|
Jun-25
|
$1.99
|
$2.01
|
-1.29%
|
-$0.03
|
$2.00
|
-0.70%
|
$2.22
|
-10.42%
|
|
|
GC Jet
|
Jun-25
|
$1.92
|
$1.93
|
-0.73%
|
-$0.01
|
$1.95
|
-1.74%
|
$2.32
|
-17.27%
|
|
|
Chicago Ethanol
|
Jun-25
|
$1.79
|
$1.78
|
0.56%
|
$0.01
|
$1.82
|
-1.76%
|
$1.66
|
7.51%
|
|
|
Rotterdam Gasoil
|
Jun-25
|
$623.68
|
$627.00
|
-0.53%
|
-$3.33
|
$625.00
|
-0.21%
|
$682.84
|
-8.66%
|
|
|
Singapore Jet Kero
|
Jun-25
|
$78.68
|
$77.20
|
1.92%
|
$1.49
|
$80.72
|
-2.53%
|
$92.70
|
-15.12%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/27/25
|
5/23/25
|
% Change
|
Change
|
4/28/25
|
% Change
|
5/24/24
|
% Change
|
|
|
Henry Hub Straddle
|
Jul-25
|
64.20%
|
63.32%
|
1.39%
|
0.88%
|
57.82%
|
11.03%
|
31.20%
|
105.77%
|
|
|
Algonquin Straddle
|
Jul-25
|
48.92%
|
53.23%
|
-8.10%
|
-4.31%
|
54.77%
|
-10.68%
|
31.41%
|
55.75%
|
|
|
Waha Straddle
|
Jul-25
|
105.43%
|
93.72%
|
12.49%
|
11.71%
|
121.42%
|
-13.17%
|
40.79%
|
158.47%
|
|
|
Chicago Straddle
|
Jul-25
|
63.65%
|
63.99%
|
-0.53%
|
-0.34%
|
64.85%
|
-1.85%
|
32.48%
|
95.97%
|
|
|
PJM West Straddle
|
Jul-25
|
80.01%
|
77.39%
|
3.39%
|
2.62%
|
65.19%
|
22.73%
|
50.02%
|
59.96%
|
|
|
SP – 15 Straddle
|
Jul-25
|
270.21%
|
270.97%
|
-0.28%
|
-0.76%
|
214.08%
|
26.22%
|
46.67%
|
478.98%
|
|
|
Mid. C Straddle
|
Jul-25
|
162.66%
|
155.31%
|
4.73%
|
7.35%
|
79.49%
|
104.63%
|
68.94%
|
135.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/27/25
|
5/23/25
|
% Change
|
Change
|
4/28/25
|
% Change
|
5/24/24
|
% Change
|
|
|
Dutch TTF
|
Jul-25
|
EUR 36.80
|
EUR 36.64
|
0.44%
|
EUR 0.16
|
EUR 32.01
|
14.97%
|
EUR 36.68
|
0.34%
|
|
|
NBP
|
Jul-25
|
GBP 86.85
|
GBP 86.21
|
0.74%
|
GBP 0.64
|
GBP 76.27
|
13.88%
|
GBP 89.00
|
-2.41%
|
|
|
German Base
|
Jul-25
|
EUR 80.99
|
EUR 80.92
|
0.08%
|
EUR 0.06
|
EUR 72.53
|
11.66%
|
EUR 86.88
|
-6.79%
|
|
|
UK Base
|
Jul-25
|
GBP 79.57
|
GBP 78.82
|
0.95%
|
GBP 0.75
|
GBP 71.56
|
11.21%
|
GBP 78.17
|
1.80%
|
|
|
French Base
|
Jul-25
|
EUR 41.49
|
EUR 39.21
|
5.80%
|
EUR 2.27
|
EUR 38.17
|
8.70%
|
EUR 68.17
|
-39.14%
|
|
|
Italian Base
|
Jul-25
|
EUR 118.95
|
EUR 115.64
|
2.87%
|
EUR 3.31
|
EUR 103.21
|
15.25%
|
EUR 103.74
|
14.66%
|
|
|
JKM LNG
|
Jul-25
|
$12.81
|
$12.60
|
1.61%
|
$0.20
|
$10.96
|
16.88%
|
$12.45
|
2.88%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
Contract
|
5/27/25
|
5/23/25
|
% Change
|
Change
|
4/28/25
|
% Change
|
5/24/24
|
% Change
|
|
|
TD3C FFA Middle East to China (WET)
|
Jul-25
|
$36.80
|
$36.64
|
0.44%
|
$0.16
|
$32.01
|
14.97%
|
$36.68
|
0.34%
|
|
|
USGC-UK Continent Dirty (WET)
|
Jul-25
|
$86.85
|
$86.21
|
0.74%
|
$0.64
|
$76.27
|
13.88%
|
$89.00
|
-2.41%
|
|
|
TD20 West Africa to UK Continent (WET)
|
Jul-25
|
$80.99
|
$80.92
|
0.08%
|
$0.06
|
$72.53
|
11.66%
|
$86.88
|
-6.79%
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Jul-25
|
$79.57
|
$78.82
|
0.95%
|
$0.75
|
$71.56
|
11.21%
|
$78.17
|
1.80%
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Jul-25
|
$41.49
|
$39.21
|
5.80%
|
$2.27
|
$38.17
|
8.70%
|
$68.17
|
-39.14%
|
|
|
Supramax Timecharter (DRY)
|
Jul-25
|
$118.95
|
$115.64
|
2.87%
|
$3.31
|
$103.21
|
15.25%
|
$103.74
|
14.66%
|
|
|
Capesize Timecharter (DRY)
|
Jul-25
|
$12.81
|
$12.60
|
1.61%
|
$0.20
|
$10.96
|
16.88%
|
$12.45
|
2.88%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|

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