Prices as of 8:23 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.545

$3.204

10.64%

$0.341

48,327

 

 

WTI

$61.64

$61.84

-0.32%

-$0.20

95,323

 

 

Brent

$64.71

$64.90

-0.29%

-$0.19

3,030

 

 

ULSD

$2.078

$2.088

-0.48%

-$0.010

1,688

 

 

RBOB

$2.078

$2.089

-0.54%

-$0.011

1,143

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.10

$3.06

1.31%

$0.04

Jul-25

 

 

3:2:1 Crack

$24.79

$24.92

-0.52%

-$0.13

Jul-25

 

 

PJM West Spark

NA

NA

NA

NA

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

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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

5/28/25

5/27/25

% Change

Change

4/29/25

% Change

5/28/24

% Change

 

 

PJM West On Peak

Jun-25

$53.14

$55.49

-4.24%

-$2.35

$51.22

3.75%

$53.04

0.19%

 

 

ERCOT North On Peak

Jun-25

$50.60

$50.67

-0.13%

-$0.06

$57.02

-11.26%

$68.87

-26.53%

 

 

CAISO SP 15 On Peak

Jun-25

$22.58

$24.90

-9.30%

-$2.32

$23.78

-5.04%

$36.31

-37.82%

 

 

MISO Indiana On Peak

Jun-25

$49.08

$51.34

-4.40%

-$2.26

$45.67

7.47%

$53.49

-8.24%

 

 

NEISO Mass On Peak

Jun-25

$50.30

$54.62

-7.91%

-$4.32

$53.15

-5.36%

$49.61

1.40%

 

 

WECC Mid C On Peak

Jun-25

$36.00

$38.13

-5.57%

-$2.13

$28.76

25.17%

$42.10

-14.48%

 

 

NYISO Zone G On Peak

Jun-25

$49.94

$49.16

1.59%

$0.78

$50.35

-0.82%

$47.02

6.21%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/28/25

5/27/25

% Change

Change

4/29/25

% Change

5/28/24

% Change

 

 

NYMEX Henry Hub

Jul-25

$3.557

$3.744

-4.99%

-$0.19

$3.67

-3.18%

$3.47

2.60%

 

 

Houston Ship Channel

Jul-25

-$0.335

-$0.337

-0.53%

$0.00

-$0.37

-8.52%

-$0.34

-2.22%

 

 

Chicago

Jul-25

-$0.489

-$0.480

-1.76%

-$0.01

-$0.49

-0.16%

-$0.34

44.55%

 

 

Waha

Jul-25

-$1.853

-$1.821

-1.71%

-$0.03

-$1.85

-0.07%

-$0.75

147.84%

 

 

Algonquin

Jul-25

-$0.126

-$0.045

-180.49%

-$0.08

$0.29

-143.44%

$0.09

-243.75%

 

 

Aeco

Jul-25

-$2.156

-$2.248

-4.10%

$0.09

-$2.03

6.46%

-$1.32

62.76%

 

 

Socal

Jul-25

-$0.187

-$0.252

-25.62%

$0.06

-$0.47

-59.88%

$1.40

-113.41%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/28/25

5/27/25

% Change

Change

4/29/25

% Change

5/28/24

% Change

 

 

Mt. Belvieu Propane LST

Jun-25

$0.757

$0.754

0.49%

$0.00

$0.75

1.57%

$0.70

8.31%

 

 

Mt. Belvieu Propane non LST

Jun-25

$0.755

$0.750

0.66%

$0.00

$0.75

0.71%

$0.69

8.63%

 

 

Mt. Belview Ethane

Jun-25

$0.236

$0.248

-4.56%

-$0.01

$0.25

-4.55%

$0.25

-4.10%

 

 

Mt. Belview Nat. Gasoline

Jun-25

$1.280

$1.271

0.71%

$0.01

$1.29

-1.13%

$1.48

-13.53%

 

 

Mt. Belvieu Butane LST

Jun-25

$0.839

$0.834

0.60%

$0.01

$0.91

-7.47%

$0.83

1.53%

 

 

Far East Propane

Jun-25

$5.390

$5.350

0.74%

$0.04

$5.20

3.64%

$5.40

-0.27%

 

 

Saudi Propane

Jun-25

$5.960

$5.930

0.50%

$0.03

$5.72

4.26%

$5.10

16.82%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/28/25

5/27/25

% Change

Change

4/29/25

% Change

5/28/24

% Change

 

 

WTI

Jul-25

$61.84

$60.89

1.54%

$0.95

$59.84

3.34%

$74.06

-16.50%

 

 

Brent

Jul-25

$64.90

$64.09

1.25%

$0.81

$63.28

2.56%

$78.98

-17.83%

 

 

WCS

Jul-25

-$9.60

-$9.75

-1.56%

$0.15

-$10.25

-6.34%

-$12.65

-24.11%

 

 

LLS

Jul-25

$63.11

$62.40

1.13%

$0.71

$61.69

2.30%

$74.78

-15.61%

 

 

Mars

Jul-25

$61.22

$60.73

0.81%

$0.49

$60.31

1.51%

$71.98

-14.94%

 

 

Sour

Jul-25

$61.63

$60.99

1.02%

$0.63

$60.08

2.58%

$72.37

-14.85%

 

 

ESPO

Jul-25

$62.90

$62.09

1.29%

$0.81

$61.28

2.64%

$76.98

-18.29%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/28/25

5/27/25

% Change

Change

4/29/25

% Change

5/28/24

% Change

 

 

NY Heating Oil

Jun-25

$2.09

$2.08

0.34%

$0.01

$2.06

1.46%

$2.47

-15.47%

 

 

NY Gasoline

Jun-25

$2.06

$2.09

-1.10%

-$0.02

$2.05

0.78%

$2.35

-12.18%

 

 

GC Gasoline

Jun-25

$1.96

$1.99

-1.16%

-$0.02

$1.95

0.82%

$2.25

-12.72%

 

 

GC Jet

Jun-25

$1.90

$1.92

-0.99%

-$0.02

$1.94

-2.27%

$2.37

-19.99%

 

 

Chicago Ethanol

Jun-25

$1.76

$1.79

-1.62%

-$0.03

$1.81

-2.60%

$1.69

3.96%

 

 

Rotterdam Gasoil

Jun-25

$624.01

$623.68

0.05%

$0.33

$603.97

3.32%

$703.77

-11.33%

 

 

Singapore Jet Kero

Jun-25

$77.91

$78.68

-0.98%

-$0.77

$78.69

-1.00%

$95.68

-18.57%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/28/25

5/27/25

% Change

Change

4/29/25

% Change

5/28/24

% Change

 

 

Henry Hub Straddle

Jul-25

65.40%

64.20%

1.87%

1.20%

60.60%

7.92%

31.88%

105.14%

 

 

Algonquin Straddle

Jul-25

60.97%

48.92%

24.63%

12.05%

57.45%

6.13%

31.95%

90.83%

 

 

Waha Straddle

Jul-25

112.31%

105.43%

6.53%

6.88%

139.49%

-19.49%

42.26%

165.76%

 

 

Chicago Straddle

Jul-25

67.65%

63.65%

6.28%

4.00%

66.94%

1.06%

32.79%

106.31%

 

 

PJM West Straddle

Jul-25

77.64%

80.01%

-2.96%

-2.37%

64.87%

19.69%

50.42%

53.99%

 

 

SP – 15 Straddle

Jul-25

274.00%

270.21%

1.40%

3.79%

207.76%

31.88%

44.48%

516.01%

 

 

Mid. C Straddle

Jul-25

123.78%

162.66%

-23.90%

-38.88%

93.02%

33.07%

69.01%

79.37%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/28/25

5/27/25

% Change

Change

4/29/25

% Change

5/28/24

% Change

 

 

Dutch TTF

Jul-25

EUR 36.72

EUR 36.80

-0.21%

-EUR 0.08

EUR 31.92

15.04%

EUR 36.45

0.75%

 

 

NBP

Jul-25

GBP 85.88

GBP 86.85

-1.13%

-GBP 0.98

GBP 75.79

13.32%

GBP 88.32

-2.77%

 

 

German Base

Jul-25

EUR 80.22

EUR 80.99

-0.94%

-EUR 0.76

EUR 71.17

12.72%

EUR 86.69

-7.45%

 

 

UK Base

Jul-25

GBP 76.48

GBP 79.57

-3.89%

-GBP 3.10

GBP 69.55

9.96%

GBP 78.55

-2.63%

 

 

French Base

Jul-25

EUR 40.18

EUR 41.49

-3.16%

-EUR 1.31

EUR 36.88

8.94%

EUR 65.80

-38.94%

 

 

Italian Base

Jul-25

EUR 117.32

EUR 118.95

-1.37%

-EUR 1.63

EUR 104.38

12.39%

EUR 103.93

12.88%

 

 

JKM LNG

Jul-25

$12.41

$12.81

-3.12%

-$0.40

$10.80

14.84%

$12.56

-1.19%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/28/25

5/27/25

% Change

Change

4/29/25

% Change

5/28/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-25

$36.72

$36.80

-0.21%

-$0.08

$31.92

15.04%

$36.45

0.75%

 

 

USGC-UK Continent Dirty (WET)

Jul-25

$85.88

$86.85

-1.13%

-$0.98

$75.79

13.32%

$88.32

-2.77%

 

 

TD20 West Africa to UK Continent (WET)

Jul-25

$80.22

$80.99

-0.94%

-$0.76

$71.17

12.72%

$86.69

-7.45%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-25

$76.48

$79.57

-3.89%

-$3.10

$69.55

9.96%

$78.55

-2.63%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-25

$40.18

$41.49

-3.16%

-$1.31

$36.88

8.94%

$65.80

-38.94%

 

 

Supramax Timecharter (DRY)

Jul-25

$117.32

$118.95

-1.37%

-$1.63

$104.38

12.39%

$103.93

12.88%

 

 

Capesize Timecharter (DRY)

Jul-25

$12.41

$12.81

-3.12%

-$0.40

$10.80

14.84%

$12.56

-1.19%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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