Prices as of 8:42 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$4.545

$4.533

0.26%

$0.012

41,382

 

 

WTI

$59.03

$58.49

0.92%

$0.54

80,368

 

 

Brent

$63.28

$62.71

0.91%

$0.57

15,884

 

 

ULSD

$2.485

$2.482

0.12%

$0.003

11,229

 

 

RBOB

$1.970

$1.955

0.76%

$0.015

8,443

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.33

$4.22

2.61%

$0.11

Jan-26

 

 

3:2:1 Crack

$28.57

$28.51

0.22%

$0.06

Dec-25

 

 

PJM West Spark

$66.00

$66.47

-0.70%

-$0.47

Dec-25

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

11/07/25

548

2

-37

11/08/24

 

 

Canada

11/07/25

191

4

-16

11/08/24

 

 

International

Oct-2025

1059

-25

-101

Oct-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

 

 

 

 

11/06/20

 

 

 

10/31/25

10/24/25

Net Change

% Change

11/1/24

% Change

5 Year Avg.

% Change

 

 

East

909

913

-4

-0.44%

934

-2.68%

912

-0.37%

 

 

Midwest

1,105

1,085

20

1.84%

1,130

-2.21%

1,101

0.36%

 

 

Mountain

288

286

2

0.70%

290

-0.69%

241

19.30%

 

 

Pacific

318

316

2

0.63%

310

2.58%

284

11.89%

 

 

South

1,296

1,282

14

1.09%

1,267

2.29%

1,227

5.64%

 

 

    Salt

341

336

5

1.49%

341

0.00%

327

4.35%

 

 

    Non_Salt

955

947

8

0.84%

926

3.13%

900

6.13%

 

 

Total

3,915

3,882

33

0.85%

3,932

-0.43%

3,766

3.96%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/12/25

11/11/25

% Change

Change

10/15/25

% Change

11/12/24

% Change

 

 

PJM West On Peak

Dec-25

$75.74

$76.17

-0.56%

-$0.42

$56.51

34.03%

$56.88

33.17%

 

 

ERCOT North On Peak

Dec-25

$47.01

$45.06

4.31%

$1.94

$40.73

15.42%

$43.49

8.08%

 

 

CAISO SP 15 On Peak

Dec-25

$58.00

$56.75

2.20%

$1.25

$46.86

23.77%

$70.33

-17.54%

 

 

MISO Indiana On Peak

Dec-25

$63.89

$63.73

0.25%

$0.16

$53.47

19.48%

$53.46

19.51%

 

 

NEISO Mass On Peak

Dec-25

$115.85

$115.46

0.34%

$0.39

$85.41

35.64%

$85.00

36.29%

 

 

WECC Mid C On Peak

Dec-25

$83.25

$81.73

1.87%

$1.52

$66.00

26.14%

$98.31

-15.32%

 

 

NYISO Zone G On Peak

Dec-25

$103.95

$108.30

-4.01%

-$4.35

$76.42

36.02%

$66.42

56.49%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/12/25

11/11/25

% Change

Change

10/15/25

% Change

11/12/24

% Change

 

 

NYMEX Henry Hub

Dec-25

$4.533

$4.565

-0.70%

-$0.03

$3.67

23.51%

$3.92

15.49%

 

 

Houston Ship Channel

Dec-25

-$0.303

-$0.308

-1.56%

$0.00

-$0.29

4.85%

-$0.39

-22.84%

 

 

Chicago

Dec-25

$0.524

$0.347

-33.79%

$0.18

$0.19

170.47%

$0.25

110.15%

 

 

Waha

Dec-25

-$1.882

-$1.869

-0.69%

-$0.01

-$1.83

2.72%

-$1.68

12.28%

 

 

Algonquin

Dec-25

$7.453

$6.702

11.22%

$0.75

$5.36

39.10%

$4.45

67.43%

 

 

Aeco

Dec-25

-$2.058

-$1.974

4.25%

-$0.08

-$1.44

42.72%

-$1.59

29.68%

 

 

Socal

Dec-25

$0.533

$0.410

30.13%

$0.12

$0.53

-0.19%

$2.60

-79.47%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/12/25

11/11/25

% Change

Change

10/15/25

% Change

11/12/24

% Change

 

 

Mt. Belvieu Propane LST

Dec-25

$0.655

$0.670

-2.20%

-$0.01

$0.64

1.76%

$0.75

-12.10%

 

 

Mt. Belvieu Propane non LST

Dec-25

$0.646

$0.636

1.50%

$0.01

$0.64

1.28%

$0.74

-13.30%

 

 

Mt. Belview Ethane

Dec-25

$0.260

$0.266

-2.41%

-$0.01

$0.26

-0.85%

$0.26

-0.57%

 

 

Mt. Belview Nat. Gasoline

Dec-25

$1.225

$1.265

-3.16%

-$0.04

$1.19

2.64%

$1.37

-10.57%

 

 

Mt. Belvieu Butane LST

Dec-25

$0.821

$0.835

-1.59%

-$0.01

$0.79

4.03%

$0.87

-5.16%

 

 

Far East Propane

Dec-25

$4.940

$5.030

-1.79%

-$0.09

$4.80

2.93%

$5.60

-11.70%

 

 

Saudi Propane

Dec-25

$4.740

$4.720

0.43%

$0.02

$4.53

4.63%

$5.34

-11.21%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/12/25

11/11/25

% Change

Change

10/15/25

% Change

11/12/24

% Change

 

 

WTI

Jan-26

$58.49

$60.99

-4.27%

-$2.50

$57.69

1.39%

$66.16

-11.59%

 

 

Brent

Jan-26

$62.71

$65.16

-3.91%

-$2.45

$61.63

1.75%

$70.18

-10.64%

 

 

WCS

Jan-26

-$12.04

-$12.45

-3.39%

$0.41

-$12.20

-1.30%

-$12.05

-0.07%

 

 

LLS

Jan-26

$59.71

$62.07

-3.96%

-$2.36

$59.65

0.10%

$68.28

-12.56%

 

 

Mars

Jan-26

$57.02

$59.18

-3.79%

-$2.16

$56.70

0.56%

$64.28

-11.30%

 

 

Sour

Jan-26

$58.58

$60.91

-3.99%

-$2.33

$57.79

1.36%

$66.17

-11.48%

 

 

ESPO

Jan-26

$60.71

$63.16

-4.04%

-$2.45

$59.63

1.81%

$68.18

-10.96%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/12/25

11/11/25

% Change

Change

10/15/25

% Change

11/12/24

% Change

 

 

NY Heating Oil

Dec-25

$2.48

$2.58

-3.65%

-$0.09

$2.17

14.52%

$2.25

10.40%

 

 

NY Gasoline

Dec-25

$1.96

$2.01

-2.78%

-$0.06

$1.80

8.96%

$1.87

4.88%

 

 

GC Gasoline

Dec-25

$1.82

$1.87

-2.99%

-$0.06

$1.66

9.72%

$1.77

2.89%

 

 

GC Jet

Dec-25

$2.23

$2.28

-2.10%

-$0.05

$1.91

17.02%

$2.11

5.72%

 

 

Chicago Ethanol

Dec-25

$1.75

$1.75

0.23%

$0.00

$1.64

6.71%

$1.64

6.38%

 

 

Rotterdam Gasoil

Dec-25

$617.69

$625.65

-1.27%

-$7.96

$559.61

10.38%

$621.42

-0.60%

 

 

Singapore Jet Kero

Dec-25

$91.89

$91.60

0.31%

$0.29

$81.76

12.39%

$87.25

5.32%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/12/25

11/11/25

% Change

Change

10/15/25

% Change

11/12/24

% Change

 

 

Henry Hub Straddle

Dec-25

64.30%

58.56%

9.80%

5.74%

59.33%

8.38%

41.89%

53.50%

 

 

Algonquin Straddle

Dec-25

78.02%

65.70%

18.75%

12.32%

59.72%

30.64%

46.47%

67.89%

 

 

Waha Straddle

Dec-25

134.22%

129.73%

3.46%

4.49%

125.16%

7.24%

52.88%

153.82%

 

 

Chicago Straddle

Dec-25

67.88%

61.15%

11.01%

6.73%

57.95%

17.14%

41.86%

62.16%

 

 

PJM West Straddle

Dec-25

93.31%

88.10%

5.91%

5.21%

42.88%

117.61%

43.51%

114.46%

 

 

SP – 15 Straddle

Dec-25

216.29%

212.71%

1.68%

3.58%

215.45%

0.39%

102.34%

111.34%

 

 

Mid. C Straddle

Dec-25

150.41%

111.07%

35.42%

39.34%

63.37%

137.35%

65.28%

130.41%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/12/25

11/11/25

% Change

Change

10/15/25

% Change

11/12/24

% Change

 

 

Dutch TTF

Dec-25

EUR 30.97

EUR 31.11

-0.48%

-EUR 0.15

EUR 32.24

-3.95%

EUR 40.12

-22.82%

 

 

NBP

Dec-25

GBP 81.12

GBP 81.19

-0.08%

-GBP 0.07

GBP 83.10

-2.38%

GBP 103.41

-21.56%

 

 

German Base

Dec-25

EUR 97.94

EUR 98.42

-0.48%

-EUR 0.47

EUR 95.81

2.23%

EUR 103.80

-5.64%

 

 

UK Base

Dec-25

GBP 81.42

GBP 80.90

0.65%

GBP 0.52

GBP 79.44

2.49%

GBP 84.67

-3.83%

 

 

French Base

Dec-25

EUR 66.70

EUR 65.01

2.60%

EUR 1.69

EUR 69.97

-4.67%

EUR 89.69

-25.64%

 

 

Italian Base

Dec-25

EUR 112.84

EUR 112.20

0.57%

EUR 0.64

EUR 110.25

2.35%

EUR 121.73

-7.30%

 

 

JKM LNG

Dec-25

$11.17

$11.21

-0.37%

-$0.04

$10.93

2.22%

$13.39

-16.58%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/12/25

11/11/25

% Change

Change

10/15/25

% Change

11/12/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Dec-25

$30.97

$31.11

-0.48%

-$0.15

$32.24

-3.95%

$40.12

-22.82%

 

 

USGC-UK Continent Dirty (WET)

Dec-25

$81.12

$81.19

-0.08%

-$0.07

$83.10

-2.38%

$103.41

-21.56%

 

 

TD20 West Africa to UK Continent (WET)

Dec-25

$97.94

$98.42

-0.48%

-$0.47

$95.81

2.23%

$103.80

-5.64%

 

 

LPG FFA Middle East Gulf to East (WET)

Dec-25

$81.42

$80.90

0.65%

$0.52

$79.44

2.49%

$84.67

-3.83%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Dec-25

$66.70

$65.01

2.60%

$1.69

$69.97

-4.67%

$89.69

-25.64%

 

 

Supramax Timecharter (DRY)

Dec-25

$112.84

$112.20

0.57%

$0.64

$110.25

2.35%

$121.73

-7.30%

 

 

Capesize Timecharter (DRY)

Dec-25

$11.17

$11.21

-0.37%

-$0.04

$10.93

2.22%

$13.39

-16.58%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

11/08/2025

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

-62

22.00%

-7.00%

 

 

E N Central

0

0

-1

862

153

46

22.00%

6.00%

 

 

W N Central

0

0

0

1,057

130

59

14.00%

6.00%

 

 

South Atlantic

13

-3

-20

2,078

184

-88

10.00%

-4.00%

 

 

E S Central

1

-1

-23

1,782

241

-38

16.00%

-2.00%

 

 

W S Central

18

7

-20

2,763

342

-104

14.00%

-4.00%

 

 

Mountain

7

5

7

1,336

94

-114

8.00%

-8.00%

 

 

Pacific

0

-2

0

727

26

-191

4.00%

-21.00%

 

 

United States

5

0

-7

1,356

156

-67

13.00%

-5.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/08/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

150

4

54

708

-115

77

-14.00%

12.00%

 

 

Middle Atlantic

120

-12

50

530

-146

103

-22.00%

24.00%

 

 

E N Central

136

-12

47

606

-141

99

-19.00%

20.00%

 

 

W N Central

129

-30

9

566

-221

45

-28.00%

8.00%

 

 

South Atlantic

57

-6

35

227

-33

70

-13.00%

45.00%

 

 

E S Central

75

-9

58

269

-72

90

-21.00%

50.00%

 

 

W S Central

31

-17

18

91

-55

38

-38.00%

72.00%

 

 

Mountain

84

-47

-81

466

-225

-37

-33.00%

-7.00%

 

 

Pacific

50

-24

-36

257

-121

-39

-32.00%

-13.00%

 

 

United States

87

-16

19

386

-113

52

-23.00%

16.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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