Prices as of 7:27 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.455

$3.324

3.94%

$0.131

35,758

 

 

WTI

$61.34

$60.88

0.76%

$0.46

67,478

 

 

Brent

$65.05

$64.53

0.81%

$0.52

12,439

 

 

ULSD

$2.239

$2.236

0.12%

$0.003

4,961

 

 

RBOB

$1.878

$1.860

0.94%

$0.018

5,747

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.09

$4.00

2.25%

$0.09

Dec-25

 

 

3:2:1 Crack

$21.41

$21.41

-0.01%

$0.00

Nov-25

 

 

PJM West Spark

$43.63

$44.71

-2.43%

-$1.09

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

10/3/25

10/2/25

% Change

Change

9/5/25

% Change

10/3/24

% Change

 

 

PJM West On Peak

Nov-25

$50.97

$51.83

-1.65%

-$0.86

$48.62

4.84%

$48.99

4.05%

 

 

ERCOT North On Peak

Nov-25

$36.74

$36.70

0.11%

$0.04

$37.20

-1.21%

$41.26

-10.94%

 

 

CAISO SP 15 On Peak

Nov-25

$31.50

$33.30

-5.42%

-$1.80

$35.36

-10.92%

$46.38

-32.09%

 

 

MISO Indiana On Peak

Nov-25

$47.80

$48.83

-2.13%

-$1.04

$46.89

1.93%

$46.71

2.33%

 

 

NEISO Mass On Peak

Nov-25

$53.16

$54.82

-3.02%

-$1.66

$56.77

-6.37%

$58.97

-9.85%

 

 

WECC Mid C On Peak

Nov-25

$43.46

$45.53

-4.55%

-$2.07

$50.96

-14.71%

$71.94

-39.59%

 

 

NYISO Zone G On Peak

Nov-25

$51.21

$52.53

-2.50%

-$1.31

$51.56

-0.66%

$48.89

4.76%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/3/25

10/2/25

% Change

Change

9/5/25

% Change

10/3/24

% Change

 

 

NYMEX Henry Hub

Nov-25

$3.324

$3.442

-3.43%

-$0.12

$3.33

-0.12%

$3.69

-9.85%

 

 

Houston Ship Channel

Nov-25

-$0.378

-$0.376

0.40%

$0.00

-$0.48

-21.18%

-$0.60

-36.85%

 

 

Chicago

Nov-25

-$0.293

-$0.271

-7.51%

-$0.02

-$0.24

23.08%

-$0.23

25.99%

 

 

Waha

Nov-25

-$3.919

-$3.695

-6.07%

-$0.22

-$2.50

56.95%

-$1.58

148.09%

 

 

Algonquin

Nov-25

$0.557

$0.654

-14.80%

-$0.10

$0.69

-18.95%

$1.02

-45.30%

 

 

Aeco

Nov-25

-$1.559

-$1.619

-3.70%

$0.06

-$1.42

9.45%

-$1.29

21.02%

 

 

Socal

Nov-25

-$0.526

-$0.404

30.26%

-$0.12

-$0.06

852.90%

$0.54

-197.01%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/3/25

10/2/25

% Change

Change

9/5/25

% Change

10/3/24

% Change

 

 

Mt. Belvieu Propane LST

Nov-25

$0.689

$0.685

0.55%

$0.00

$0.71

-3.51%

$0.76

-9.03%

 

 

Mt. Belvieu Propane non LST

Nov-25

$0.676

$0.675

0.19%

$0.00

$0.71

-4.75%

$0.79

-14.67%

 

 

Mt. Belview Ethane

Nov-25

$0.275

$0.285

-3.53%

-$0.01

$0.24

13.08%

$0.26

7.38%

 

 

Mt. Belview Nat. Gasoline

Nov-25

$1.263

$1.251

0.90%

$0.01

$1.28

-1.66%

$1.45

-13.14%

 

 

Mt. Belvieu Butane LST

Nov-25

$0.842

$0.841

0.11%

$0.00

$0.86

-2.52%

$0.91

-7.12%

 

 

Far East Propane

Nov-25

$5.160

$5.219

-1.13%

-$0.06

$5.48

-5.83%

$5.91

-12.69%

 

 

Saudi Propane

Nov-25

$4.810

$4.764

0.97%

$0.05

$5.48

-12.24%

$5.24

-8.25%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/3/25

10/2/25

% Change

Change

9/5/25

% Change

10/3/24

% Change

 

 

WTI

Nov-25

$60.88

$60.48

0.66%

$0.40

$61.46

-0.94%

$70.16

-13.23%

 

 

Brent

Nov-25

$64.69

$64.24

0.70%

$0.45

$65.50

-1.24%

$74.81

-13.53%

 

 

WCS

Nov-25

-$11.64

-$11.81

-1.47%

$0.17

-$11.57

0.53%

-$15.94

-26.98%

 

 

LLS

Nov-25

$62.82

$62.18

1.02%

$0.64

$63.21

-0.61%

$72.37

-13.19%

 

 

Mars

Nov-25

$59.60

$59.15

0.76%

$0.45

$61.40

-2.93%

$68.60

-13.12%

 

 

Sour

Nov-25

$61.22

$60.63

0.95%

$0.58

$61.49

-0.45%

$70.01

-12.56%

 

 

ESPO

Nov-25

$62.69

$62.24

0.72%

$0.45

$63.50

-1.28%

$72.81

-13.90%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/3/25

10/2/25

% Change

Change

9/5/25

% Change

10/3/24

% Change

 

 

NY Heating Oil

Nov-25

$2.24

$2.25

-0.40%

-$0.01

$2.28

-1.93%

$2.34

-4.24%

 

 

NY Gasoline

Nov-25

$1.86

$1.83

1.70%

$0.03

$1.94

-4.18%

$1.98

-6.02%

 

 

GC Gasoline

Nov-25

$1.72

$1.69

1.84%

$0.03

$1.80

-4.50%

$1.88

-8.47%

 

 

GC Jet

Nov-25

$2.02

$1.99

1.71%

$0.03

$2.04

-0.74%

$2.24

-9.66%

 

 

Chicago Ethanol

Nov-25

$1.91

$1.91

-0.26%

$0.00

$1.81

5.52%

$1.55

23.15%

 

 

Rotterdam Gasoil

Nov-25

$585.20

$589.77

-0.77%

-$4.57

$580.14

0.87%

$631.00

-7.26%

 

 

Singapore Jet Kero

Nov-25

$83.35

$84.65

-1.54%

-$1.30

$84.36

-1.20%

$88.66

-5.99%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/3/25

10/2/25

% Change

Change

9/5/25

% Change

10/3/24

% Change

 

 

Henry Hub Straddle

Nov-25

58.34%

58.14%

0.34%

0.20%

52.85%

10.39%

39.31%

48.41%

 

 

Algonquin Straddle

Nov-25

65.12%

67.51%

-3.54%

-2.39%

64.44%

1.06%

49.27%

32.17%

 

 

Waha Straddle

Nov-25

1401.96%

1415.32%

-0.94%

-13.36%

187.79%

646.56%

52.31%

2580.10%

 

 

Chicago Straddle

Nov-25

62.82%

57.38%

9.48%

5.44%

54.82%

14.59%

41.95%

49.75%

 

 

PJM West Straddle

Nov-25

39.69%

38.32%

3.58%

1.37%

34.81%

14.02%

39.84%

-0.38%

 

 

SP – 15 Straddle

Nov-25

237.72%

233.84%

1.66%

3.88%

310.24%

-23.38%

51.28%

363.57%

 

 

Mid. C Straddle

Nov-25

40.63%

60.70%

-33.06%

-20.07%

46.29%

-12.23%

61.62%

-34.06%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/3/25

10/2/25

% Change

Change

9/5/25

% Change

10/3/24

% Change

 

 

Dutch TTF

Nov-25

EUR 31.65

EUR 31.04

1.95%

EUR 0.61

EUR 32.86

-3.70%

EUR 39.13

-19.14%

 

 

NBP

Nov-25

GBP 80.99

GBP 79.21

2.23%

GBP 1.77

GBP 83.94

-3.52%

GBP 99.65

-18.73%

 

 

German Base

Nov-25

EUR 96.59

EUR 93.82

2.95%

EUR 2.77

EUR 96.82

-0.24%

EUR 93.14

3.70%

 

 

UK Base

Nov-25

GBP 82.13

GBP 80.73

1.73%

GBP 1.40

GBP 84.05

-2.28%

GBP 84.95

-3.32%

 

 

French Base

Nov-25

EUR 71.17

EUR 69.49

2.42%

EUR 1.68

EUR 74.88

-4.95%

EUR 80.39

-11.46%

 

 

Italian Base

Nov-25

EUR 109.18

EUR 108.27

0.83%

EUR 0.90

EUR 111.28

-1.89%

EUR 112.88

-3.28%

 

 

JKM LNG

Nov-25

$10.93

$10.72

1.95%

$0.21

$11.40

-4.13%

$13.57

-19.47%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

10/3/25

10/2/25

% Change

Change

9/5/25

% Change

10/3/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Nov-25

$31.65

$31.04

1.95%

$0.61

$32.86

-3.70%

$39.13

-19.14%

 

 

USGC-UK Continent Dirty (WET)

Nov-25

$80.99

$79.21

2.23%

$1.77

$83.94

-3.52%

$99.65

-18.73%

 

 

TD20 West Africa to UK Continent (WET)

Nov-25

$96.59

$93.82

2.95%

$2.77

$96.82

-0.24%

$93.14

3.70%

 

 

LPG FFA Middle East Gulf to East (WET)

Nov-25

$82.13

$80.73

1.73%

$1.40

$84.05

-2.28%

$84.95

-3.32%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Nov-25

$71.17

$69.49

2.42%

$1.68

$74.88

-4.95%

$80.39

-11.46%

 

 

Supramax Timecharter (DRY)

Nov-25

$109.18

$108.27

0.83%

$0.90

$111.28

-1.89%

$112.88

-3.28%

 

 

Capesize Timecharter (DRY)

Nov-25

$10.93

$10.72

1.95%

$0.21

$11.40

-4.13%

$13.57

-19.47%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

10/04/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

4

3

3

546

129

-43

31.00%

-7.00%

 

 

Middle Atlantic

10

6

6

796

143

-65

22.00%

-8.00%

 

 

E N Central

24

19

15

853

150

44

21.00%

5.00%

 

 

W N Central

42

34

26

1,036

117

54

13.00%

5.00%

 

 

South Atlantic

47

5

-18

1,969

190

-62

11.00%

-3.00%

 

 

E S Central

46

19

10

1,738

238

-9

16.00%

-1.00%

 

 

W S Central

75

23

7

2,558

256

-61

11.00%

-2.00%

 

 

Mountain

21

-4

-33

1,289

91

-78

8.00%

-6.00%

 

 

Pacific

2

-16

-42

722

50

-141

7.00%

-16.00%

 

 

United States

30

9

-5

1,303

150

-46

13.00%

-3.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/04/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

43

-27

10

182

-50

29

-22.00%

19.00%

 

 

Middle Atlantic

24

-31

9

80

-80

8

-50.00%

11.00%

 

 

E N Central

9

-49

-13

125

-66

7

-35.00%

6.00%

 

 

W N Central

3

-54

-22

100

-117

-16

-54.00%

-14.00%

 

 

South Atlantic

7

-11

7

18

-18

7

NA

NA

 

 

E S Central

3

-20

-3

15

-32

-1

NA

NA

 

 

W S Central

0

-5

-1

3

-9

-1

NA

NA

 

 

Mountain

24

-27

8

85

-129

4

-60.00%

5.00%

 

 

Pacific

21

-3

6

44

-78

-28

-64.00%

-40.00%

 

 

United States

14

-23

1

64

-59

0

-48.00%

-2.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

Tropical Outlook

 

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