Prices as of 8:52 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.528

$3.522

0.17%

$0.006

33,716

 

 

WTI

$60.83

$60.94

-0.18%

-$0.11

121,563

 

 

Brent

$63.70

$64.15

-0.70%

-$0.45

68

 

 

ULSD

$2.036

$2.048

-0.62%

-$0.013

352

 

 

RBOB

$2.049

$2.059

-0.52%

-$0.011

602

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.51

$3.21

9.35%

$0.30

Jul-25

 

 

3:2:1 Crack

$24.33

$24.58

-1.03%

-$0.25

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

 

 

 

 

05/29/20

 

 

 

5/23/25

5/16/25

Net Change

% Change

5/24/24

% Change

5 Year Avg.

% Change

 

 

East

462

432

30

6.94%

538

-14.13%

473

-2.37%

 

 

Midwest

541

512

29

5.66%

652

-17.02%

561

-3.57%

 

 

Mountain

198

192

6

3.13%

210

-5.71%

148

33.60%

 

 

Pacific

254

244

10

4.10%

267

-4.87%

231

10.05%

 

 

South

1,021

996

25

2.51%

1,128

-9.49%

1,021

0.00%

 

 

    Salt

328

321

7

2.18%

324

1.23%

306

7.26%

 

 

    Non_Salt

693

674

19

2.82%

804

-13.81%

715

-3.10%

 

 

Total

2,476

2,375

101

4.25%

2,795

-11.41%

2,434

1.73%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/29/25

5/28/25

% Change

Change

4/30/25

% Change

5/29/24

% Change

 

 

PJM West On Peak

Jun-25

$49.84

$53.14

-6.21%

-$3.30

$50.32

-0.96%

$51.97

-4.11%

 

 

ERCOT North On Peak

Jun-25

$48.51

$50.60

-4.14%

-$2.09

$55.37

-12.40%

$67.82

-28.48%

 

 

CAISO SP 15 On Peak

Jun-25

$24.01

$22.58

6.34%

$1.43

$22.55

6.48%

$34.70

-30.80%

 

 

MISO Indiana On Peak

Jun-25

$46.66

$49.08

-4.94%

-$2.42

$44.94

3.81%

$52.41

-10.98%

 

 

NEISO Mass On Peak

Jun-25

$48.04

$50.30

-4.49%

-$2.26

$52.66

-8.76%

$52.63

-8.71%

 

 

WECC Mid C On Peak

Jun-25

$39.25

$36.00

9.03%

$3.25

$31.75

23.62%

$43.20

-9.14%

 

 

NYISO Zone G On Peak

Jun-25

$47.83

$49.94

-4.22%

-$2.11

$49.22

-2.82%

$49.97

-4.28%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/29/25

5/28/25

% Change

Change

4/30/25

% Change

5/29/24

% Change

 

 

NYMEX Henry Hub

Jul-25

$3.522

$3.557

-0.98%

-$0.03

$3.63

-3.11%

$3.42

2.89%

 

 

Houston Ship Channel

Jul-25

-$0.344

-$0.335

2.68%

-$0.01

-$0.29

18.24%

-$0.33

5.42%

 

 

Chicago

Jul-25

-$0.480

-$0.489

1.79%

$0.01

-$0.41

18.33%

-$0.33

46.64%

 

 

Waha

Jul-25

-$1.810

-$1.853

-2.28%

$0.04

-$1.70

6.29%

-$0.69

162.67%

 

 

Algonquin

Jul-25

-$0.129

-$0.126

-1.98%

$0.00

$0.34

-137.92%

$0.10

-231.23%

 

 

Aeco

Jul-25

-$2.145

-$2.156

-0.54%

$0.01

-$2.04

4.91%

-$1.32

62.65%

 

 

Socal

Jul-25

-$0.149

-$0.187

-20.66%

$0.04

-$0.39

-61.44%

$1.37

-110.85%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/29/25

5/28/25

% Change

Change

4/30/25

% Change

5/29/24

% Change

 

 

Mt. Belvieu Propane LST

Jun-25

$0.750

$0.757

-0.98%

-$0.01

$0.74

1.44%

$0.69

8.48%

 

 

Mt. Belvieu Propane non LST

Jun-25

$0.741

$0.755

-1.79%

-$0.01

$0.74

0.81%

$0.69

7.70%

 

 

Mt. Belview Ethane

Jun-25

$0.226

$0.236

-4.31%

-$0.01

$0.24

-6.78%

$0.24

-6.96%

 

 

Mt. Belview Nat. Gasoline

Jun-25

$1.245

$1.280

-2.77%

-$0.04

$1.24

0.05%

$1.46

-14.90%

 

 

Mt. Belvieu Butane LST

Jun-25

$0.833

$0.839

-0.74%

-$0.01

$0.88

-5.42%

$0.81

2.26%

 

 

Far East Propane

Jun-25

$5.350

$5.390

-0.73%

-$0.04

$5.15

3.98%

$5.46

-1.98%

 

 

Saudi Propane

Jun-25

$5.908

$5.960

-0.87%

-$0.05

$5.64

4.82%

$5.09

15.97%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/29/25

5/28/25

% Change

Change

4/30/25

% Change

5/29/24

% Change

 

 

WTI

Jul-25

$60.94

$61.84

-1.48%

-$0.90

$57.62

5.76%

$73.76

-17.38%

 

 

Brent

Jul-25

$64.15

$64.90

-1.17%

-$0.75

$61.06

5.06%

$78.71

-18.50%

 

 

WCS

Jul-25

-$9.55

-$9.60

-0.52%

$0.05

-$10.20

-6.37%

-$12.60

-24.21%

 

 

LLS

Jul-25

$62.34

$63.11

-1.22%

-$0.76

$59.53

4.73%

$76.56

-18.56%

 

 

Mars

Jul-25

$60.98

$61.22

-0.40%

-$0.24

$58.28

4.65%

$73.71

-17.26%

 

 

Sour

Jul-25

$60.95

$61.63

-1.10%

-$0.67

$57.71

5.61%

$74.10

-17.75%

 

 

ESPO

Jul-25

$62.15

$62.90

-1.21%

-$0.75

$59.06

5.23%

$76.71

-18.98%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/29/25

5/28/25

% Change

Change

4/30/25

% Change

5/29/24

% Change

 

 

NY Heating Oil

Jun-25

$2.09

$2.09

0.29%

$0.01

$2.00

4.70%

$2.44

-14.25%

 

 

NY Gasoline

Jun-25

$2.06

$2.06

-0.15%

$0.00

$2.03

1.73%

$2.33

-11.40%

 

 

GC Gasoline

Jun-25

$1.96

$1.96

-0.15%

$0.00

$1.92

1.82%

$2.22

-11.91%

 

 

GC Jet

Jun-25

$1.86

$1.90

-1.95%

-$0.04

$1.84

1.14%

$2.34

-20.41%

 

 

Chicago Ethanol

Jun-25

$1.74

$1.76

-1.31%

-$0.02

$1.80

-3.71%

$1.71

1.40%

 

 

Rotterdam Gasoil

Jun-25

$617.72

$624.01

-1.01%

-$6.28

$595.92

3.66%

$696.74

-11.34%

 

 

Singapore Jet Kero

Jun-25

$79.32

$77.91

1.81%

$1.41

$77.38

2.52%

$96.64

-17.92%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/29/25

5/28/25

% Change

Change

4/30/25

% Change

5/29/24

% Change

 

 

Henry Hub Straddle

Jul-25

62.41%

65.40%

-4.57%

-2.99%

62.25%

0.26%

39.14%

59.45%

 

 

Algonquin Straddle

Jul-25

60.09%

60.97%

-1.44%

-0.88%

59.13%

1.62%

38.65%

55.47%

 

 

Waha Straddle

Jul-25

125.35%

112.31%

11.61%

13.04%

118.46%

5.82%

46.76%

168.07%

 

 

Chicago Straddle

Jul-25

67.09%

67.65%

-0.83%

-0.56%

70.70%

-5.11%

39.92%

68.06%

 

 

PJM West Straddle

Jul-25

74.18%

77.64%

-4.46%

-3.46%

65.04%

14.05%

49.99%

48.39%

 

 

SP – 15 Straddle

Jul-25

284.86%

274.00%

3.96%

10.86%

212.26%

34.20%

44.81%

535.71%

 

 

Mid. C Straddle

Jul-25

136.09%

123.78%

9.95%

12.31%

116.96%

16.36%

68.29%

99.28%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/29/25

5/28/25

% Change

Change

4/30/25

% Change

5/29/24

% Change

 

 

Dutch TTF

Jul-25

EUR 35.04

EUR 36.72

-4.57%

-EUR 1.68

EUR 32.12

9.10%

EUR 36.52

-4.05%

 

 

NBP

Jul-25

GBP 82.17

GBP 85.88

-4.31%

-GBP 3.70

GBP 76.25

7.76%

GBP 89.01

-7.69%

 

 

German Base

Jul-25

EUR 77.34

EUR 80.22

-3.60%

-EUR 2.89

EUR 72.13

7.23%

EUR 86.46

-10.55%

 

 

UK Base

Jul-25

GBP 73.81

GBP 76.48

-3.49%

-GBP 2.67

GBP 71.29

3.53%

GBP 79.34

-6.97%

 

 

French Base

Jul-25

EUR 43.26

EUR 40.18

7.69%

EUR 3.09

EUR 37.73

14.66%

EUR 63.56

-31.93%

 

 

Italian Base

Jul-25

EUR 116.92

EUR 117.32

-0.34%

-EUR 0.40

EUR 106.01

10.30%

EUR 102.71

13.84%

 

 

JKM LNG

Jul-25

$12.06

$12.41

-2.83%

-$0.35

$11.30

6.71%

$12.31

-2.11%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

5/29/25

5/28/25

% Change

Change

4/30/25

% Change

5/29/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Jul-25

$35.04

$36.72

-4.57%

-$1.68

$32.12

9.10%

$36.52

-4.05%

 

 

USGC-UK Continent Dirty (WET)

Jul-25

$82.17

$85.88

-4.31%

-$3.70

$76.25

7.76%

$89.01

-7.69%

 

 

TD20 West Africa to UK Continent (WET)

Jul-25

$77.34

$80.22

-3.60%

-$2.89

$72.13

7.23%

$86.46

-10.55%

 

 

LPG FFA Middle East Gulf to East (WET)

Jul-25

$73.81

$76.48

-3.49%

-$2.67

$71.29

3.53%

$79.34

-6.97%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jul-25

$43.26

$40.18

7.69%

$3.09

$37.73

14.66%

$63.56

-31.93%

 

 

Supramax Timecharter (DRY)

Jul-25

$116.92

$117.32

-0.34%

-$0.40

$106.01

10.30%

$102.71

13.84%

 

 

Capesize Timecharter (DRY)

Jul-25

$12.06

$12.41

-2.83%

-$0.35

$11.30

6.71%

$12.31

-2.11%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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