|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 6:54 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.097
|
$3.040
|
1.88%
|
$0.057
|
10,080
|
|
|
|
WTI
|
$91.30
|
$88.68
|
2.95%
|
$2.62
|
63,002
|
|
|
|
Brent
|
$97.07
|
$94.29
|
2.95%
|
$2.78
|
3,673
|
|
|
|
ULSD
|
$3.653
|
$3.598
|
1.54%
|
$0.055
|
556
|
|
|
|
RBOB
|
$3.196
|
$3.134
|
1.98%
|
$0.062
|
923
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$5.72
|
$5.61
|
1.96%
|
$0.11
|
Jul-26
|
|
|
|
3:2:1 Crack
|
$46.76
|
$46.60
|
0.35%
|
$0.16
|
Jul-26
|
|
|
|
PJM West Spark
|
NA
|
NA
|
NA
|
NA
|
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
|
5/27/26
|
5/26/26
|
% Change
|
Change
|
4/28/26
|
% Change
|
5/27/25
|
% Change
|
|
|
|
PJM West On Peak
|
Jun-26
|
$65.09
|
$61.62
|
5.64%
|
$3.47
|
$69.07
|
-5.75%
|
$58.94
|
10.45%
|
|
|
|
ERCOT North On Peak
|
Jun-26
|
$41.57
|
$38.00
|
9.40%
|
$3.57
|
$39.16
|
6.14%
|
$57.32
|
-27.47%
|
|
|
|
CAISO SP 15 On Peak
|
Jun-26
|
$15.06
|
$14.25
|
5.66%
|
$0.81
|
$11.28
|
33.45%
|
$31.18
|
-51.72%
|
|
|
|
MISO Indiana On Peak
|
Jun-26
|
$54.22
|
$49.78
|
8.93%
|
$4.44
|
$57.60
|
-5.86%
|
$53.41
|
1.52%
|
|
|
|
NEISO Mass On Peak
|
Jun-26
|
$57.83
|
$43.87
|
31.84%
|
$13.97
|
$57.06
|
1.35%
|
$54.20
|
6.70%
|
|
|
|
WECC Mid C On Peak
|
Jun-26
|
$26.50
|
$28.81
|
-8.03%
|
-$2.31
|
$20.31
|
30.46%
|
$47.14
|
-43.78%
|
|
|
|
NYISO Zone G On Peak
|
Jun-26
|
$55.70
|
$50.25
|
10.85%
|
$5.45
|
$58.55
|
-4.88%
|
$54.71
|
1.81%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/27/26
|
5/26/26
|
% Change
|
Change
|
4/28/26
|
% Change
|
5/27/25
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Jul-26
|
$3.095
|
$3.010
|
2.82%
|
$0.09
|
$2.99
|
3.51%
|
$4.26
|
-27.28%
|
|
|
|
Houston Ship Channel
|
Jul-26
|
-$0.495
|
-$0.485
|
2.10%
|
-$0.01
|
-$0.37
|
34.91%
|
-$0.32
|
53.54%
|
|
|
|
Chicago
|
Jul-26
|
-$0.412
|
-$0.422
|
2.21%
|
$0.01
|
-$0.34
|
20.40%
|
-$0.41
|
0.12%
|
|
|
|
Waha
|
Jul-26
|
-$4.912
|
-$5.162
|
-4.84%
|
$0.25
|
-$4.92
|
-0.15%
|
-$2.06
|
138.09%
|
|
|
|
Algonquin
|
Jul-26
|
$0.165
|
$0.228
|
-27.75%
|
-$0.06
|
$0.59
|
-72.15%
|
$0.07
|
142.71%
|
|
|
|
Aeco
|
Jul-26
|
-$1.766
|
-$1.724
|
2.45%
|
-$0.04
|
-$2.09
|
-15.45%
|
-$1.87
|
-5.64%
|
|
|
|
Socal
|
Jul-26
|
-$0.746
|
-$0.740
|
0.92%
|
-$0.01
|
-$1.04
|
-28.20%
|
$0.87
|
-186.07%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/27/26
|
5/26/26
|
% Change
|
Change
|
4/28/26
|
% Change
|
5/27/25
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Jun-26
|
$0.819
|
$0.829
|
-1.21%
|
-$0.01
|
$0.85
|
-4.10%
|
$0.68
|
19.68%
|
|
|
|
Mt. Belvieu Propane non LST
|
Jun-26
|
$0.798
|
$0.799
|
-0.05%
|
$0.00
|
$0.83
|
-3.23%
|
$0.69
|
16.55%
|
|
|
|
Mt. Belview Ethane
|
Jun-26
|
$0.208
|
$0.201
|
3.11%
|
$0.01
|
$0.21
|
-0.60%
|
$0.28
|
-26.88%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Jun-26
|
$1.783
|
$1.903
|
-6.31%
|
-$0.12
|
$2.08
|
-14.10%
|
$1.20
|
48.52%
|
|
|
|
Mt. Belvieu Butane LST
|
Jun-26
|
$1.028
|
$1.066
|
-3.57%
|
-$0.04
|
$1.09
|
-5.32%
|
$0.77
|
33.09%
|
|
|
|
Far East Propane
|
Jun-26
|
$7.540
|
$7.800
|
-3.33%
|
-$0.26
|
$7.43
|
1.48%
|
$4.90
|
53.91%
|
|
|
|
Saudi Propane
|
Jun-26
|
$7.473
|
$7.531
|
-0.77%
|
-$0.06
|
$6.74
|
10.94%
|
$4.90
|
52.64%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/27/26
|
5/26/26
|
% Change
|
Change
|
4/28/26
|
% Change
|
5/27/25
|
% Change
|
|
|
|
WTI
|
Jul-26
|
$88.68
|
$93.89
|
-5.88%
|
-$5.21
|
$94.55
|
-6.21%
|
$59.78
|
48.34%
|
|
|
|
Brent
|
Jul-26
|
$94.29
|
$99.58
|
-5.61%
|
-$5.29
|
$104.40
|
-9.68%
|
$63.28
|
49.00%
|
|
|
|
WCS
|
Jul-26
|
-$13.65
|
-$13.65
|
0.00%
|
$0.00
|
-$14.26
|
-4.28%
|
-$12.60
|
8.34%
|
|
|
|
LLS
|
Jul-26
|
$91.97
|
$89.29
|
2.91%
|
$2.68
|
$89.81
|
2.41%
|
$61.91
|
48.55%
|
|
|
|
Mars
|
Jul-26
|
$93.12
|
$90.95
|
2.33%
|
$2.17
|
$91.34
|
1.95%
|
$59.95
|
55.34%
|
|
|
|
Sour
|
Jul-26
|
$93.91
|
$91.49
|
2.58%
|
$2.43
|
$93.76
|
0.16%
|
$59.91
|
56.76%
|
|
|
|
ESPO
|
Jul-26
|
$92.29
|
$97.58
|
-5.73%
|
-$5.29
|
$102.40
|
-9.87%
|
$61.28
|
50.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/27/26
|
5/26/26
|
% Change
|
Change
|
4/28/26
|
% Change
|
5/27/25
|
% Change
|
|
|
|
NY Heating Oil
|
Jun-26
|
$3.60
|
$3.69
|
-2.47%
|
-$0.09
|
$3.82
|
-5.81%
|
$2.03
|
77.63%
|
|
|
|
NY Gasoline
|
Jun-26
|
$3.13
|
$3.24
|
-3.18%
|
-$0.10
|
$3.43
|
-8.63%
|
$1.96
|
59.90%
|
|
|
|
GC Gasoline
|
Jun-26
|
$2.99
|
$3.10
|
-3.33%
|
-$0.10
|
$3.29
|
-9.00%
|
$1.86
|
60.97%
|
|
|
|
GC Jet
|
Jun-26
|
$3.20
|
$3.35
|
-4.56%
|
-$0.15
|
$3.73
|
-14.21%
|
$1.89
|
69.22%
|
|
|
|
Chicago Ethanol
|
Jun-26
|
$1.99
|
$2.01
|
-1.00%
|
-$0.02
|
$2.01
|
-1.24%
|
$1.72
|
15.61%
|
|
|
|
Rotterdam Gasoil
|
Jun-26
|
$927.50
|
$974.00
|
-4.77%
|
-$46.50
|
$1,007.00
|
-7.89%
|
$596.92
|
55.38%
|
|
|
|
Singapore Jet Kero
|
Jun-26
|
$135.81
|
$138.00
|
-1.58%
|
-$2.19
|
$155.70
|
-12.77%
|
$79.17
|
71.54%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/27/26
|
5/26/26
|
% Change
|
Change
|
4/28/26
|
% Change
|
5/27/25
|
% Change
|
|
|
|
Henry Hub Straddle
|
Jul-26
|
46.08%
|
47.86%
|
-3.73%
|
-1.79%
|
46.41%
|
-0.71%
|
42.69%
|
7.94%
|
|
|
|
Algonquin Straddle
|
Jul-26
|
91.57%
|
96.26%
|
-4.87%
|
-4.69%
|
154.64%
|
-40.79%
|
40.22%
|
127.66%
|
|
|
|
Waha Straddle
|
Jul-26
|
140.89%
|
116.55%
|
20.88%
|
24.34%
|
377.25%
|
-62.65%
|
82.59%
|
70.59%
|
|
|
|
Chicago Straddle
|
Jul-26
|
51.12%
|
51.99%
|
-1.68%
|
-0.87%
|
47.72%
|
7.11%
|
42.78%
|
19.48%
|
|
|
|
PJM West Straddle
|
Jul-26
|
74.36%
|
74.50%
|
-0.19%
|
-0.14%
|
53.40%
|
39.25%
|
36.90%
|
101.52%
|
|
|
|
SP – 15 Straddle
|
Jul-26
|
183.64%
|
173.92%
|
5.59%
|
9.72%
|
75.46%
|
143.36%
|
94.03%
|
95.30%
|
|
|
|
Mid. C Straddle
|
Jul-26
|
53.37%
|
53.75%
|
-0.71%
|
-0.38%
|
16.75%
|
218.63%
|
69.36%
|
-23.05%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/27/26
|
5/26/26
|
% Change
|
Change
|
4/28/26
|
% Change
|
5/27/25
|
% Change
|
|
|
|
Dutch TTF
|
Jul-26
|
EUR 46.19
|
EUR 47.00
|
-1.71%
|
-EUR 0.81
|
EUR 43.38
|
6.48%
|
EUR 33.67
|
37.19%
|
|
|
|
NBP
|
Jul-26
|
GBP 111.33
|
GBP 113.40
|
-1.83%
|
-GBP 2.07
|
GBP 105.77
|
5.26%
|
GBP 82.97
|
34.18%
|
|
|
|
German Base
|
Jul-26
|
EUR 97.34
|
EUR 98.62
|
-1.30%
|
-EUR 1.28
|
EUR 88.16
|
10.41%
|
EUR 80.89
|
20.34%
|
|
|
|
UK Base
|
Jul-26
|
GBP 97.65
|
GBP 100.42
|
-2.76%
|
-GBP 2.77
|
GBP 90.47
|
7.93%
|
GBP 72.58
|
34.54%
|
|
|
|
French Base
|
Jul-26
|
EUR 52.76
|
EUR 48.87
|
7.95%
|
EUR 3.89
|
EUR 37.63
|
40.20%
|
EUR 40.19
|
31.27%
|
|
|
|
Italian Base
|
Jul-26
|
EUR 143.16
|
EUR 146.22
|
-2.09%
|
-EUR 3.06
|
EUR 136.15
|
5.15%
|
EUR 103.60
|
38.19%
|
|
|
|
JKM LNG
|
Jul-26
|
$17.95
|
$18.78
|
-4.38%
|
-$0.82
|
$16.63
|
7.99%
|
$11.73
|
53.09%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
5/27/26
|
5/26/26
|
% Change
|
Change
|
4/28/26
|
% Change
|
5/27/25
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Jul-26
|
$46.19
|
$47.00
|
-1.71%
|
-$0.81
|
$43.38
|
6.48%
|
$33.67
|
37.19%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Jul-26
|
$111.33
|
$113.40
|
-1.83%
|
-$2.07
|
$105.77
|
5.26%
|
$82.97
|
34.18%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Jul-26
|
$97.34
|
$98.62
|
-1.30%
|
-$1.28
|
$88.16
|
10.41%
|
$80.89
|
20.34%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Jul-26
|
$97.65
|
$100.42
|
-2.76%
|
-$2.77
|
$90.47
|
7.93%
|
$72.58
|
34.54%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Jul-26
|
$52.76
|
$48.87
|
7.95%
|
$3.89
|
$37.63
|
40.20%
|
$40.19
|
31.27%
|
|
|
|
Supramax Timecharter (DRY)
|
Jul-26
|
$143.16
|
$146.22
|
-2.09%
|
-$3.06
|
$136.15
|
5.15%
|
$103.60
|
38.19%
|
|
|
|
Capesize Timecharter (DRY)
|
Jul-26
|
$17.95
|
$18.78
|
-4.38%
|
-$0.82
|
$16.63
|
7.99%
|
$11.73
|
53.09%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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|

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|

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|

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|

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