Prices as of 7:08 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$4.323

$4.232

2.15%

$0.091

21,698

 

 

WTI

$60.09

$59.60

0.82%

$0.49

64,556

 

 

Brent

$63.97

$63.52

0.71%

$0.45

13,480

 

 

ULSD

$2.502

$2.432

2.86%

$0.070

13,039

 

 

RBOB

$1.962

$1.909

2.76%

$0.053

11,802

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.05

$4.10

-1.22%

-$0.05

Jan-26

 

 

3:2:1 Crack

$27.59

$26.19

5.33%

$1.39

Dec-25

 

 

PJM West Spark

$59.78

$60.15

-0.61%

-$0.37

Dec-25

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

10/31/25

546

-4

-39

11/01/24

 

 

Canada

10/31/25

187

-12

-26

11/01/24

 

 

International

Sept-2025

1084

8

-72

Sept-2024

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 9/23/2025

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

102,773

102,325

102,400

-75

 

 

PJM West Off Peak

96,882

96,685

96,493

192

 

 

Natural Gas Henry Hub

345,687

332,518

334,033

-1,515

 

 

WTI – Light Sweet Crude Futures

165,725

139,486

131,892

7,594

 

 

Brent Crude Last Day

235,477

227,938

229,310

-1,372

 

 

NYM Ethanol

53,845

53,048

53,281

-233

 

 

Mt Belvieu LDH Propane Swap

155,446

154,412

155,018

-606

 

 

RBOB

361,113

336,109

347,150

-11,041

 

 

HSC Basis

765,288

754,685

758,098

-3,413

 

 

 

 

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

 

 

 

 

10/30/20

 

 

 

10/24/25

10/17/25

Net Change

% Change

10/25/24

% Change

5 Year Avg.

% Change

 

 

East

913

899

14

1.56%

919

-0.65%

908

0.59%

 

 

Midwest

1,085

1,060

25

2.36%

1,109

-2.16%

1,088

-0.29%

 

 

Mountain

286

282

4

1.42%

291

-1.72%

241

18.87%

 

 

Pacific

316

311

5

1.61%

305

3.61%

283

11.82%

 

 

South

1,282

1,255

27

2.15%

1,240

3.39%

1,216

5.44%

 

 

    Salt

336

320

16

5.00%

331

1.51%

322

4.28%

 

 

    Non_Salt

947

935

12

1.28%

909

4.18%

894

5.98%

 

 

Total

3,882

3,808

74

1.94%

3,863

0.49%

3,735

3.95%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/5/25

11/4/25

% Change

Change

10/8/25

% Change

11/5/24

% Change

 

 

PJM West On Peak

Dec-25

$69.04

$69.20

-0.23%

-$0.16

$59.87

15.32%

$56.73

21.70%

 

 

ERCOT North On Peak

Dec-25

$43.58

$44.19

-1.37%

-$0.61

$41.63

4.69%

$41.76

4.37%

 

 

CAISO SP 15 On Peak

Dec-25

$52.75

$54.07

-2.44%

-$1.32

$48.84

8.00%

$67.24

-21.55%

 

 

MISO Indiana On Peak

Dec-25

$59.25

$60.49

-2.04%

-$1.24

$56.56

4.77%

$52.95

11.91%

 

 

NEISO Mass On Peak

Dec-25

$102.33

$103.97

-1.57%

-$1.64

$94.35

8.46%

$87.27

17.26%

 

 

WECC Mid C On Peak

Dec-25

$70.25

$69.75

0.72%

$0.50

$66.28

5.99%

$100.76

-30.28%

 

 

NYISO Zone G On Peak

Dec-25

$94.32

$92.70

1.75%

$1.62

$80.09

17.76%

$67.97

38.76%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/5/25

11/4/25

% Change

Change

10/8/25

% Change

11/5/24

% Change

 

 

NYMEX Henry Hub

Dec-25

$4.232

$4.343

-2.56%

-$0.11

$4.00

5.83%

$3.83

10.55%

 

 

Houston Ship Channel

Dec-25

-$0.348

-$0.307

13.49%

-$0.04

-$0.30

16.49%

-$0.37

-5.10%

 

 

Chicago

Dec-25

$0.328

$0.345

4.96%

-$0.02

$0.19

72.43%

$0.25

30.48%

 

 

Waha

Dec-25

-$2.287

-$2.312

-1.10%

$0.03

-$2.20

4.13%

-$1.59

43.62%

 

 

Algonquin

Dec-25

$6.185

$6.271

-1.36%

-$0.09

$5.64

9.60%

$4.49

37.74%

 

 

Aeco

Dec-25

-$1.791

-$1.774

0.95%

-$0.02

-$1.78

0.79%

-$1.49

20.44%

 

 

Socal

Dec-25

$0.482

$0.470

2.77%

$0.01

$0.50

-3.42%

$2.64

-81.72%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/5/25

11/4/25

% Change

Change

10/8/25

% Change

11/5/24

% Change

 

 

Mt. Belvieu Propane LST

Dec-25

$0.626

$0.651

-3.84%

-$0.02

$0.67

-6.87%

$0.77

-18.58%

 

 

Mt. Belvieu Propane non LST

Dec-25

$0.618

$0.631

-2.17%

-$0.01

$0.66

-6.62%

$0.77

-19.30%

 

 

Mt. Belview Ethane

Dec-25

$0.265

$0.264

0.48%

$0.00

$0.29

-7.02%

$0.26

2.69%

 

 

Mt. Belview Nat. Gasoline

Dec-25

$1.230

$1.250

-1.60%

-$0.02

$1.29

-4.47%

$1.43

-13.83%

 

 

Mt. Belvieu Butane LST

Dec-25

$0.826

$0.854

-3.34%

-$0.03

$0.84

-1.24%

$0.92

-9.76%

 

 

Far East Propane

Dec-25

$4.884

$5.121

-4.63%

-$0.24

$5.12

-4.62%

$5.70

-14.40%

 

 

Saudi Propane

Dec-25

$4.661

$4.700

-0.85%

-$0.04

$4.79

-2.80%

$5.45

-14.41%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/5/25

11/4/25

% Change

Change

10/8/25

% Change

11/5/24

% Change

 

 

WTI

Dec-25

$59.60

$60.56

-1.61%

-$0.96

$62.02

-3.90%

$68.47

-12.95%

 

 

Brent

Dec-25

$63.64

$64.60

-1.51%

-$0.96

$66.25

-3.94%

$72.76

-12.54%

 

 

WCS

Dec-25

-$10.95

-$11.83

-8.03%

$0.88

-$11.18

-2.05%

-$16.33

-32.95%

 

 

LLS

Dec-25

$60.82

$61.68

-1.41%

-$0.86

$63.81

-4.69%

$70.69

-13.97%

 

 

Mars

Dec-25

$57.77

$58.71

-1.62%

-$0.94

$60.54

-4.57%

$66.42

-13.02%

 

 

Sour

Dec-25

$60.68

$60.48

0.33%

$0.20

$61.83

-1.86%

$68.61

-11.56%

 

 

ESPO

Dec-25

$61.64

$62.60

-1.56%

-$0.96

$64.25

-4.07%

$70.76

-12.89%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/5/25

11/4/25

% Change

Change

10/8/25

% Change

11/5/24

% Change

 

 

NY Heating Oil

Dec-25

$2.43

$2.44

-0.25%

-$0.01

$2.27

7.00%

$2.33

4.51%

 

 

NY Gasoline

Dec-25

$1.91

$1.92

-0.31%

-$0.01

$1.86

2.85%

$1.93

-0.98%

 

 

GC Gasoline

Dec-25

$1.77

$1.78

-0.34%

-$0.01

$1.72

3.08%

$1.83

-3.22%

 

 

GC Jet

Dec-25

$2.22

$2.18

1.56%

$0.03

$2.08

6.39%

$2.20

0.73%

 

 

Chicago Ethanol

Dec-25

$1.69

$1.68

0.47%

$0.01

$1.70

-0.29%

$1.57

7.90%

 

 

Rotterdam Gasoil

Dec-25

$604.84

$602.79

0.34%

$2.05

$578.78

4.50%

$647.34

-6.57%

 

 

Singapore Jet Kero

Dec-25

$90.11

$88.55

1.76%

$1.56

$84.21

7.01%

$89.52

0.66%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/5/25

11/4/25

% Change

Change

10/8/25

% Change

11/5/24

% Change

 

 

Henry Hub Straddle

Dec-25

64.51%

60.33%

6.93%

4.18%

58.59%

10.10%

40.64%

58.74%

 

 

Algonquin Straddle

Dec-25

74.42%

71.60%

3.94%

2.82%

57.35%

29.76%

44.97%

65.49%

 

 

Waha Straddle

Dec-25

129.09%

109.87%

17.49%

19.22%

125.74%

2.66%

56.79%

127.31%

 

 

Chicago Straddle

Dec-25

66.72%

62.76%

6.31%

3.96%

56.79%

17.49%

41.47%

60.89%

 

 

PJM West Straddle

Dec-25

76.00%

74.16%

2.48%

1.84%

43.70%

73.91%

42.66%

78.15%

 

 

SP – 15 Straddle

Dec-25

187.41%

183.43%

2.17%

3.98%

191.20%

-1.98%

104.23%

79.80%

 

 

Mid. C Straddle

Dec-25

156.56%

82.30%

90.23%

74.26%

60.22%

159.98%

67.15%

133.15%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/5/25

11/4/25

% Change

Change

10/8/25

% Change

11/5/24

% Change

 

 

Dutch TTF

Dec-25

EUR 31.70

EUR 32.42

-2.21%

-EUR 0.72

EUR 32.96

-3.81%

EUR 38.53

-17.72%

 

 

NBP

Dec-25

GBP 82.69

GBP 84.65

-2.32%

-GBP 1.97

GBP 85.53

-3.32%

GBP 100.83

-18.00%

 

 

German Base

Dec-25

EUR 101.48

EUR 103.20

-1.67%

-EUR 1.73

EUR 94.16

7.77%

EUR 99.43

2.06%

 

 

UK Base

Dec-25

GBP 82.97

GBP 80.75

2.75%

GBP 2.22

GBP 82.86

0.13%

GBP 82.48

0.60%

 

 

French Base

Dec-25

EUR 68.63

EUR 69.40

-1.10%

-EUR 0.76

EUR 74.83

-8.28%

EUR 86.46

-20.62%

 

 

Italian Base

Dec-25

EUR 114.03

EUR 115.39

-1.18%

-EUR 1.36

EUR 109.61

4.03%

EUR 119.75

-4.78%

 

 

JKM LNG

Dec-25

$11.05

$11.29

-2.06%

-$0.23

$11.35

-2.63%

$13.51

-18.19%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/5/25

11/4/25

% Change

Change

10/8/25

% Change

11/5/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Dec-25

$31.70

$32.42

-2.21%

-$0.72

$32.96

-3.81%

$38.53

-17.72%

 

 

USGC-UK Continent Dirty (WET)

Dec-25

$82.69

$84.65

-2.32%

-$1.97

$85.53

-3.32%

$100.83

-18.00%

 

 

TD20 West Africa to UK Continent (WET)

Dec-25

$101.48

$103.20

-1.67%

-$1.73

$94.16

7.77%

$99.43

2.06%

 

 

LPG FFA Middle East Gulf to East (WET)

Dec-25

$82.97

$80.75

2.75%

$2.22

$82.86

0.13%

$82.48

0.60%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Dec-25

$68.63

$69.40

-1.10%

-$0.76

$74.83

-8.28%

$86.46

-20.62%

 

 

Supramax Timecharter (DRY)

Dec-25

$114.03

$115.39

-1.18%

-$1.36

$109.61

4.03%

$119.75

-4.78%

 

 

Capesize Timecharter (DRY)

Dec-25

$11.05

$11.29

-2.06%

-$0.23

$11.35

-2.63%

$13.51

-18.19%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

11/01/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

549

132

-40

32.00%

-7.00%

 

 

Middle Atlantic

0

0

-1

801

145

-61

22.00%

-7.00%

 

 

E N Central

0

-1

-4

862

153

47

22.00%

6.00%

 

 

W N Central

0

-1

-4

1,057

130

59

14.00%

6.00%

 

 

South Atlantic

14

-4

-10

2,065

187

-68

10.00%

-3.00%

 

 

E S Central

0

-3

-13

1,781

242

-15

16.00%

-1.00%

 

 

W S Central

15

-1

-42

2,746

336

-84

14.00%

-3.00%

 

 

Mountain

9

4

2

1,329

89

-121

7.00%

-8.00%

 

 

Pacific

4

2

3

727

27

-191

4.00%

-21.00%

 

 

United States

5

-1

-8

1,351

156

-59

13.00%

-4.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/01/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

129

-4

13

558

-119

36

-18.00%

7.00%

 

 

Middle Atlantic

119

0

36

410

-134

63

-25.00%

18.00%

 

 

E N Central

129

-1

53

470

-130

50

-22.00%

12.00%

 

 

W N Central

127

-8

45

437

-191

34

-30.00%

8.00%

 

 

South Atlantic

69

15

37

170

-27

35

-14.00%

26.00%

 

 

E S Central

87

16

63

193

-64

31

-25.00%

19.00%

 

 

W S Central

42

6

39

59

-39

21

NA

NA

 

 

Mountain

99

-13

2

382

-178

52

-32.00%

15.00%

 

 

Pacific

41

-21

-20

207

-97

-6

-32.00%

-3.00%

 

 

United States

88

-1

29

299

-98

34

-25.00%

13.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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