Prices as of 7:21 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.397

$3.442

-1.31%

-$0.045

20,645

 

 

WTI

$60.70

$60.48

0.36%

$0.22

53,474

 

 

Brent

$64.36

$64.11

0.39%

$0.25

11,940

 

 

ULSD

$2.236

$2.243

-0.33%

-$0.007

8,326

 

 

RBOB

$1.867

$1.851

0.84%

$0.016

8,514

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.00

$3.95

1.27%

$0.05

Dec-25

 

 

3:2:1 Crack

$21.68

$21.65

0.15%

$0.03

Nov-25

 

 

PJM West Spark

$44.61

$45.37

-1.67%

-$0.76

Nov-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

 

 

 

 

10/02/20

 

 

 

9/26/25

9/19/25

Net Change

% Change

9/27/24

% Change

5 Year Avg.

% Change

 

 

East

832

807

25

3.10%

846

-1.65%

830

0.19%

 

 

Midwest

972

945

27

2.86%

1,013

-4.05%

991

-1.88%

 

 

Mountain

269

266

3

1.13%

283

-4.95%

230

17.16%

 

 

Pacific

302

300

2

0.67%

293

3.07%

277

9.10%

 

 

South

1,186

1,190

-4

-0.34%

1,113

6.56%

1,116

6.23%

 

 

    Salt

292

299

-7

-2.34%

261

11.88%

274

6.57%

 

 

    Non_Salt

894

890

4

0.45%

852

4.93%

842

6.18%

 

 

Total

3,561

3,508

53

1.51%

3,547

0.39%

3,443

3.42%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/2/25

10/1/25

% Change

Change

9/4/25

% Change

10/2/24

% Change

 

 

PJM West On Peak

Nov-25

$51.83

$52.73

-1.71%

-$0.90

$48.03

7.90%

$48.43

7.02%

 

 

ERCOT North On Peak

Nov-25

$36.70

$39.00

-5.90%

-$2.30

$36.51

0.52%

$40.60

-9.59%

 

 

CAISO SP 15 On Peak

Nov-25

$33.30

$33.75

-1.32%

-$0.45

$36.25

-8.13%

$45.76

-27.23%

 

 

MISO Indiana On Peak

Nov-25

$48.83

$50.24

-2.79%

-$1.40

$46.82

4.30%

$46.07

6.00%

 

 

NEISO Mass On Peak

Nov-25

$54.82

$55.87

-1.88%

-$1.05

$50.26

9.07%

$53.72

2.05%

 

 

WECC Mid C On Peak

Nov-25

$45.53

$47.14

-3.41%

-$1.61

$51.37

-11.36%

$71.87

-36.65%

 

 

NYISO Zone G On Peak

Nov-25

$52.53

$53.52

-1.86%

-$1.00

$57.08

-7.97%

$44.52

17.99%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/2/25

10/1/25

% Change

Change

9/4/25

% Change

10/2/24

% Change

 

 

NYMEX Henry Hub

Nov-25

$3.442

$3.476

-0.98%

-$0.03

$3.37

2.05%

$3.65

-5.65%

 

 

Houston Ship Channel

Nov-25

-$0.376

-$0.348

8.04%

-$0.03

-$0.48

-21.71%

-$0.59

-35.99%

 

 

Chicago

Nov-25

-$0.271

-$0.248

-8.57%

-$0.02

-$0.25

8.62%

-$0.24

13.16%

 

 

Waha

Nov-25

-$3.695

-$3.509

-5.28%

-$0.19

-$2.46

50.08%

-$1.59

132.70%

 

 

Algonquin

Nov-25

$0.654

$0.743

-12.01%

-$0.09

$0.69

-5.40%

$1.00

-34.84%

 

 

Aeco

Nov-25

-$1.619

-$1.581

2.44%

-$0.04

-$1.43

13.03%

-$1.29

25.37%

 

 

Socal

Nov-25

-$0.404

-$0.340

18.73%

-$0.06

$0.02

-2639.62%

$0.47

-185.79%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/2/25

10/1/25

% Change

Change

9/4/25

% Change

10/2/24

% Change

 

 

Mt. Belvieu Propane LST

Nov-25

$0.685

$0.690

-0.72%

-$0.01

$0.73

-6.16%

$0.76

-9.46%

 

 

Mt. Belvieu Propane non LST

Nov-25

$0.675

$0.680

-0.73%

$0.00

$0.71

-5.36%

$0.77

-12.52%

 

 

Mt. Belview Ethane

Nov-25

$0.285

$0.270

5.57%

$0.02

$0.25

15.76%

$0.26

9.66%

 

 

Mt. Belview Nat. Gasoline

Nov-25

$1.251

$1.270

-1.48%

-$0.02

$1.32

-5.16%

$1.40

-10.42%

 

 

Mt. Belvieu Butane LST

Nov-25

$0.841

$0.863

-2.49%

-$0.02

$0.87

-3.68%

$0.88

-4.91%

 

 

Far East Propane

Nov-25

$5.219

$5.180

0.76%

$0.04

$5.53

-5.62%

$5.73

-8.88%

 

 

Saudi Propane

Nov-25

$4.764

$4.745

0.39%

$0.02

$5.47

-12.92%

$5.36

-11.05%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/2/25

10/1/25

% Change

Change

9/4/25

% Change

10/2/24

% Change

 

 

WTI

Nov-25

$60.48

$61.78

-2.15%

-$1.30

$63.03

-4.05%

$67.68

-10.64%

 

 

Brent

Nov-25

$64.24

$65.50

-1.97%

-$1.27

$66.99

-4.11%

$72.17

-10.99%

 

 

WCS

Nov-25

-$11.81

-$10.06

14.84%

-$1.75

-$11.96

-1.30%

-$15.70

-24.80%

 

 

LLS

Nov-25

$62.18

$63.28

-1.77%

-$1.10

$64.84

-4.10%

$69.91

-11.05%

 

 

Mars

Nov-25

$59.15

$60.37

-2.07%

-$1.22

$62.79

-5.80%

$68.00

-13.02%

 

 

Sour

Nov-25

$60.63

$61.79

-1.91%

-$1.16

$63.61

-4.68%

$69.60

-12.88%

 

 

ESPO

Nov-25

$62.24

$63.50

-2.04%

-$1.27

$64.99

-4.24%

$70.17

-11.31%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/2/25

10/1/25

% Change

Change

9/4/25

% Change

10/2/24

% Change

 

 

NY Heating Oil

Nov-25

$2.25

$2.31

-2.52%

-$0.06

$2.31

-2.73%

$2.24

0.09%

 

 

NY Gasoline

Nov-25

$1.83

$1.91

-4.29%

-$0.08

$1.94

-5.77%

$1.89

-3.54%

 

 

GC Gasoline

Nov-25

$1.69

$1.77

-4.63%

-$0.08

$1.80

-6.22%

$1.79

-5.96%

 

 

GC Jet

Nov-25

$1.99

$2.13

-6.63%

-$0.14

$2.03

-2.26%

$2.11

-5.74%

 

 

Chicago Ethanol

Nov-25

$1.91

$1.92

-0.31%

-$0.01

$1.83

4.93%

$1.61

19.09%

 

 

Rotterdam Gasoil

Nov-25

$589.77

$601.46

-1.94%

-$11.70

$605.04

-2.52%

$627.46

-6.01%

 

 

Singapore Jet Kero

Nov-25

$84.65

$86.13

-1.72%

-$1.48

$84.17

0.57%

$88.68

-4.55%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/2/25

10/1/25

% Change

Change

9/4/25

% Change

10/2/24

% Change

 

 

Henry Hub Straddle

Nov-25

58.14%

51.38%

13.16%

6.76%

52.38%

11.00%

39.88%

45.79%

 

 

Algonquin Straddle

Nov-25

67.51%

57.33%

17.76%

10.18%

64.34%

4.93%

49.96%

35.13%

 

 

Waha Straddle

Nov-25

1415.32%

1187.37%

19.20%

227.95%

187.26%

655.80%

50.08%

2726.12%

 

 

Chicago Straddle

Nov-25

57.38%

50.93%

12.66%

6.45%

56.36%

1.81%

41.94%

36.81%

 

 

PJM West Straddle

Nov-25

38.32%

36.59%

4.73%

1.73%

34.88%

9.86%

39.59%

-3.21%

 

 

SP – 15 Straddle

Nov-25

233.84%

234.44%

-0.26%

-0.60%

306.98%

-23.83%

51.19%

356.81%

 

 

Mid. C Straddle

Nov-25

60.70%

37.72%

60.92%

22.98%

42.73%

42.05%

60.61%

0.15%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/2/25

10/1/25

% Change

Change

9/4/25

% Change

10/2/24

% Change

 

 

Dutch TTF

Nov-25

EUR 31.04

EUR 31.43

-1.26%

-EUR 0.40

EUR 33.36

-6.95%

EUR 38.53

-19.43%

 

 

NBP

Nov-25

GBP 79.21

GBP 80.33

-1.39%

-GBP 1.11

GBP 85.28

-7.11%

GBP 97.69

-18.92%

 

 

German Base

Nov-25

EUR 93.82

EUR 94.74

-0.97%

-EUR 0.92

EUR 96.98

-3.26%

EUR 94.05

-0.25%

 

 

UK Base

Nov-25

GBP 80.73

GBP 80.09

0.80%

GBP 0.64

GBP 83.45

-3.27%

GBP 85.34

-5.40%

 

 

French Base

Nov-25

EUR 69.49

EUR 71.04

-2.18%

-EUR 1.55

EUR 74.20

-6.34%

EUR 81.60

-14.83%

 

 

Italian Base

Nov-25

EUR 108.27

EUR 108.23

0.04%

EUR 0.04

EUR 111.19

-2.63%

EUR 114.13

-5.13%

 

 

JKM LNG

Nov-25

$10.72

$10.74

-0.19%

-$0.02

$11.32

-5.34%

$13.58

-21.04%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/2/25

10/1/25

% Change

Change

9/4/25

% Change

10/2/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Nov-25

$31.04

$31.43

-1.26%

-$0.40

$33.36

-6.95%

$38.53

-19.43%

 

 

USGC-UK Continent Dirty (WET)

Nov-25

$79.21

$80.33

-1.39%

-$1.11

$85.28

-7.11%

$97.69

-18.92%

 

 

TD20 West Africa to UK Continent (WET)

Nov-25

$93.82

$94.74

-0.97%

-$0.92

$96.98

-3.26%

$94.05

-0.25%

 

 

LPG FFA Middle East Gulf to East (WET)

Nov-25

$80.73

$80.09

0.80%

$0.64

$83.45

-3.27%

$85.34

-5.40%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Nov-25

$69.49

$71.04

-2.18%

-$1.55

$74.20

-6.34%

$81.60

-14.83%

 

 

Supramax Timecharter (DRY)

Nov-25

$108.27

$108.23

0.04%

$0.04

$111.19

-2.63%

$114.13

-5.13%

 

 

Capesize Timecharter (DRY)

Nov-25

$10.72

$10.74

-0.19%

-$0.02

$11.32

-5.34%

$13.58

-21.04%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

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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