Prices as of 7:59 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.362

$3.303

1.79%

$0.059

35,141

 

 

WTI

$61.99

$62.37

-0.61%

-$0.38

74,478

 

 

Brent

$65.61

$67.02

-2.10%

-$1.41

16,983

 

 

ULSD

$2.322

$2.332

-0.43%

-$0.010

6,290

 

 

RBOB

$1.899

$1.973

-3.75%

-$0.074

7,801

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.01

$4.07

-1.47%

-$0.06

Dec-25

 

 

3:2:1 Crack

$22.51

$22.74

-0.99%

-$0.23

Nov-25

 

 

PJM West Spark

NA

NA

NA

NA

Oct-25

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

09/19/25

542

3

-46

09/20/24

 

 

Canada

09/19/25

189

3

-22

09/20/24

 

 

International

August-2025

1076

-3

-66

August-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

 

 

 

 

09/25/20

 

 

 

9/19/25

9/12/25

Net Change

% Change

9/27/24

% Change

5 Year Avg.

% Change

 

 

East

807

781

26

3.33%

846

-4.61%

808

-0.10%

 

 

Midwest

945

920

25

2.72%

1,013

-6.71%

964

-1.99%

 

 

Mountain

266

261

5

1.92%

283

-6.01%

225

18.22%

 

 

Pacific

300

297

3

1.01%

293

2.39%

273

9.81%

 

 

South

1,190

1,174

16

1.36%

1,113

6.92%

1,092

8.99%

 

 

    Salt

299

294

5

1.70%

261

14.56%

262

13.95%

 

 

    Non_Salt

890

879

11

1.25%

852

4.46%

829

7.33%

 

 

Total

3,508

3,433

75

2.18%

3,547

-1.10%

3,362

4.35%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

9/30/25

9/29/25

% Change

Change

9/2/25

% Change

9/30/24

% Change

 

 

PJM West On Peak

Oct-25

$54.75

$51.67

5.97%

$3.08

$46.73

17.17%

$49.61

10.36%

 

 

ERCOT North On Peak

Oct-25

$35.77

$37.90

-5.61%

-$2.13

$37.03

-3.40%

$41.59

-14.00%

 

 

CAISO SP 15 On Peak

Oct-25

$27.50

$32.36

-15.02%

-$4.86

$33.06

-16.81%

$36.40

-24.44%

 

 

MISO Indiana On Peak

Oct-25

$50.68

$47.70

6.23%

$2.97

$43.21

17.28%

$47.36

7.01%

 

 

NEISO Mass On Peak

Oct-25

$40.33

$38.66

4.31%

$1.67

$39.73

1.49%

$41.14

-1.98%

 

 

WECC Mid C On Peak

Oct-25

$45.00

$49.50

-9.09%

-$4.50

$51.81

-13.14%

$60.18

-25.22%

 

 

NYISO Zone G On Peak

Oct-25

$45.93

$43.51

5.54%

$2.41

$41.50

10.66%

$39.97

14.91%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

9/30/25

9/29/25

% Change

Change

9/2/25

% Change

9/30/24

% Change

 

 

NYMEX Henry Hub

Nov-25

$3.303

$3.267

1.10%

$0.04

$3.34

-0.96%

$3.65

-9.41%

 

 

Houston Ship Channel

Nov-25

-$0.363

-$0.373

-2.84%

$0.01

-$0.48

-23.94%

-$0.61

-40.81%

 

 

Chicago

Nov-25

-$0.223

-$0.225

0.99%

$0.00

-$0.27

-16.81%

-$0.24

-5.31%

 

 

Waha

Nov-25

-$3.188

-$3.094

-3.02%

-$0.09

-$2.53

25.98%

-$1.57

103.65%

 

 

Algonquin

Nov-25

$0.712

$0.803

-11.32%

-$0.09

$0.66

7.95%

$0.98

-27.36%

 

 

Aeco

Nov-25

-$1.472

-$1.403

4.97%

-$0.07

-$1.44

2.14%

-$1.30

13.70%

 

 

Socal

Nov-25

-$0.287

-$0.194

48.50%

-$0.09

$0.00

-7287.50%

$0.49

-159.28%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

9/30/25

9/29/25

% Change

Change

9/2/25

% Change

9/30/24

% Change

 

 

Mt. Belvieu Propane LST

Oct-25

$0.705

$0.710

-0.71%

-$0.01

$0.73

-2.79%

$0.72

-2.36%

 

 

Mt. Belvieu Propane non LST

Oct-25

$0.698

$0.711

-1.94%

-$0.01

$0.72

-2.46%

$0.73

-4.96%

 

 

Mt. Belview Ethane

Oct-25

$0.266

$0.265

0.46%

$0.00

$0.23

16.35%

$0.25

7.98%

 

 

Mt. Belview Nat. Gasoline

Oct-25

$1.290

$1.308

-1.36%

-$0.02

$1.33

-3.00%

$1.36

-5.42%

 

 

Mt. Belvieu Butane LST

Oct-25

$0.871

$0.887

-1.86%

-$0.02

$0.82

5.72%

$0.86

1.81%

 

 

Far East Propane

Oct-25

$5.107

$5.366

-4.83%

-$0.26

$5.52

-7.51%

$5.64

-9.50%

 

 

Saudi Propane

Oct-25

$5.224

$5.395

-3.17%

-$0.17

$5.41

-3.37%

$5.24

-0.29%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

9/30/25

9/29/25

% Change

Change

9/2/25

% Change

9/30/24

% Change

 

 

WTI

Nov-25

$62.37

$63.45

-1.73%

-$1.08

$65.08

-4.16%

$66.47

-6.17%

 

 

Brent

Nov-25

$66.21

$67.97

-2.65%

-$1.76

$69.14

-4.23%

$70.75

-6.41%

 

 

WCS

Nov-25

-$11.97

-$11.87

0.87%

-$0.10

-$12.79

-6.39%

-$15.40

-22.27%

 

 

LLS

Nov-25

$64.14

$64.78

-0.99%

-$0.64

$66.15

-3.04%

$68.75

-6.71%

 

 

Mars

Nov-25

$61.54

$63.19

-2.69%

-$1.65

$63.54

-3.16%

$66.11

-6.92%

 

 

Sour

Nov-25

$62.58

$64.12

-2.46%

-$1.54

$65.15

-3.94%

$67.55

-7.36%

 

 

ESPO

Nov-25

$64.21

$65.97

-2.73%

-$1.76

$67.14

-4.36%

$68.75

-6.60%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

9/30/25

9/29/25

% Change

Change

9/2/25

% Change

9/30/24

% Change

 

 

NY Heating Oil

Oct-25

$2.34

$2.36

-0.89%

-$0.02

$2.37

-1.56%

$2.20

6.03%

 

 

NY Gasoline

Oct-25

$1.97

$1.95

1.23%

$0.02

$2.04

-3.19%

$1.89

4.12%

 

 

GC Gasoline

Oct-25

$1.83

$1.81

1.33%

$0.02

$1.90

-3.42%

$1.79

2.12%

 

 

GC Jet

Oct-25

$2.17

$2.16

0.65%

$0.01

$2.10

3.19%

$2.09

3.88%

 

 

Chicago Ethanol

Oct-25

$1.96

$1.98

-1.01%

-$0.02

$2.03

-3.44%

$1.60

22.98%

 

 

Rotterdam Gasoil

Oct-25

$648.54

$652.61

-0.62%

-$4.07

$641.38

1.12%

$618.62

4.84%

 

 

Singapore Jet Kero

Oct-25

$86.79

$87.84

-1.19%

-$1.05

$85.32

1.73%

$86.06

0.85%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

9/30/25

9/29/25

% Change

Change

9/2/25

% Change

9/30/24

% Change

 

 

Henry Hub Straddle

Nov-25

53.71%

54.90%

-2.17%

-1.19%

52.39%

2.52%

39.20%

37.02%

 

 

Algonquin Straddle

Nov-25

63.56%

63.18%

0.60%

0.38%

69.02%

-7.91%

0.00%

#DIV/0!

 

 

Waha Straddle

Nov-25

1125.35%

1151.44%

-2.27%

-26.09%

194.69%

478.02%

0.00%

#DIV/0!

 

 

Chicago Straddle

Nov-25

55.20%

55.66%

-0.83%

-0.46%

54.04%

2.15%

0.00%

#DIV/0!

 

 

PJM West Straddle

Nov-25

36.97%

37.45%

-1.28%

-0.48%

35.25%

4.88%

39.87%

-7.27%

 

 

SP – 15 Straddle

Nov-25

231.01%

227.29%

1.64%

3.72%

305.42%

-24.36%

49.86%

363.32%

 

 

Mid. C Straddle

Nov-25

40.50%

38.47%

5.28%

2.03%

51.29%

-21.04%

56.47%

-28.28%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

9/30/25

9/29/25

% Change

Change

9/2/25

% Change

9/30/24

% Change

 

 

Dutch TTF

Nov-25

EUR 31.42

EUR 32.49

-3.29%

-EUR 1.07

EUR 32.72

-3.98%

EUR 38.36

-18.09%

 

 

NBP

Nov-25

GBP 80.53

GBP 83.70

-3.79%

-GBP 3.17

GBP 83.56

-3.62%

GBP 98.39

-18.15%

 

 

German Base

Nov-25

EUR 95.18

EUR 97.85

-2.73%

-EUR 2.67

EUR 94.16

1.08%

EUR 95.09

0.09%

 

 

UK Base

Nov-25

GBP 79.63

GBP 83.47

-4.60%

-GBP 3.84

GBP 83.84

-5.02%

GBP 84.33

-5.57%

 

 

French Base

Nov-25

EUR 71.25

EUR 71.95

-0.96%

-EUR 0.69

EUR 74.51

-4.37%

EUR 80.73

-11.74%

 

 

Italian Base

Nov-25

EUR 109.10

EUR 109.49

-0.35%

-EUR 0.39

EUR 110.78

-1.52%

EUR 115.14

-5.24%

 

 

JKM LNG

Nov-25

$10.77

$11.03

-2.36%

-$0.26

$11.31

-4.76%

$13.45

-19.92%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

9/30/25

9/29/25

% Change

Change

9/2/25

% Change

9/30/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Nov-25

$31.42

$32.49

-3.29%

-$1.07

$32.72

-3.98%

$38.36

-18.09%

 

 

USGC-UK Continent Dirty (WET)

Nov-25

$80.53

$83.70

-3.79%

-$3.17

$83.56

-3.62%

$98.39

-18.15%

 

 

TD20 West Africa to UK Continent (WET)

Nov-25

$95.18

$97.85

-2.73%

-$2.67

$94.16

1.08%

$95.09

0.09%

 

 

LPG FFA Middle East Gulf to East (WET)

Nov-25

$79.63

$83.47

-4.60%

-$3.84

$83.84

-5.02%

$84.33

-5.57%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Nov-25

$71.25

$71.95

-0.96%

-$0.69

$74.51

-4.37%

$80.73

-11.74%

 

 

Supramax Timecharter (DRY)

Nov-25

$109.10

$109.49

-0.35%

-$0.39

$110.78

-1.52%

$115.14

-5.24%

 

 

Capesize Timecharter (DRY)

Nov-25

$10.77

$11.03

-2.36%

-$0.26

$11.31

-4.76%

$13.45

-19.92%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

09/27/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

7

6

6

542

126

-46

30.00%

-8.00%

 

 

Middle Atlantic

22

16

11

786

137

-72

21.00%

-8.00%

 

 

E N Central

24

17

1

829

130

29

19.00%

4.00%

 

 

W N Central

29

18

5

994

83

27

9.00%

3.00%

 

 

South Atlantic

73

23

3

1,923

186

-43

11.00%

-2.00%

 

 

E S Central

63

27

-9

1,692

219

-20

15.00%

-1.00%

 

 

W S Central

92

27

-5

2,483

233

-69

10.00%

-3.00%

 

 

Mountain

33

3

-1

1,268

95

-44

8.00%

-3.00%

 

 

Pacific

30

7

7

720

65

-99

10.00%

-12.00%

 

 

United States

44

17

3

1,273

141

-41

12.00%

-3.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

09/27/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

28

-25

-13

139

-23

23

-14.00%

20.00%

 

 

Middle Atlantic

8

-31

-4

56

-49

2

-47.00%

2.00%

 

 

E N Central

8

-34

-5

116

-17

22

-13.00%

23.00%

 

 

W N Central

10

-34

-13

97

-63

10

-39.00%

11.00%

 

 

South Atlantic

0

-11

0

11

-7

0

NA

NA

 

 

E S Central

0

-14

-1

12

-12

1

NA

NA

 

 

W S Central

0

-3

-1

3

-4

0

NA

NA

 

 

Mountain

24

-17

2

61

-101

-1

-62.00%

-2.00%

 

 

Pacific

8

-11

-1

23

-75

-33

NA

NA

 

 

United States

7

-19

-3

51

-36

1

NA

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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