|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:08 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.815
|
$3.376
|
13.00%
|
$0.439
|
16,601
|
|
|
|
WTI
|
$60.14
|
$60.48
|
-0.56%
|
-$0.34
|
63,640
|
|
|
|
Brent
|
$64.54
|
$64.92
|
-0.59%
|
-$0.38
|
3,495
|
|
|
|
ULSD
|
$2.394
|
$2.424
|
-1.24%
|
-$0.030
|
654
|
|
|
|
RBOB
|
$1.963
|
$1.974
|
-0.57%
|
-$0.011
|
970
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$4.41
|
$4.44
|
-0.68%
|
-$0.03
|
Dec-25
|
|
|
|
3:2:1 Crack
|
$25.47
|
$26.02
|
-2.10%
|
-$0.55
|
Dec-25
|
|
|
|
PJM West Spark
|
NA
|
NA
|
NA
|
NA
|
Nov-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
10/24/25
|
550
|
2
|
-35
|
10/25/24
|
|
|
|
Canada
|
10/24/25
|
199
|
1
|
-17
|
10/25/24
|
|
|
|
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
|
|

|

|
|
|

|

|
|
|

|

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EIA Lower 48 Natural Gas Storage
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10/30/20
|
|
|
|
|
|
10/17/25
|
10/10/25
|
Net Change
|
% Change
|
10/18/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
899
|
883
|
16
|
1.81%
|
901
|
-0.22%
|
893
|
0.65%
|
|
|
|
Midwest
|
1,060
|
1,031
|
29
|
2.81%
|
1,088
|
-2.57%
|
1,068
|
-0.77%
|
|
|
|
Mountain
|
282
|
279
|
3
|
1.08%
|
291
|
-3.09%
|
239
|
18.09%
|
|
|
|
Pacific
|
311
|
307
|
4
|
1.30%
|
300
|
3.67%
|
281
|
10.60%
|
|
|
|
South
|
1,255
|
1,221
|
34
|
2.78%
|
1,205
|
4.15%
|
1,188
|
5.64%
|
|
|
|
Salt
|
320
|
303
|
17
|
5.61%
|
314
|
1.91%
|
308
|
3.76%
|
|
|
|
Non_Salt
|
935
|
918
|
17
|
1.85%
|
891
|
4.94%
|
880
|
6.30%
|
|
|
|
Total
|
3,808
|
3,721
|
87
|
2.34%
|
3,785
|
0.61%
|
3,669
|
3.78%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
10/29/25
|
10/28/25
|
% Change
|
Change
|
10/1/25
|
% Change
|
10/29/24
|
% Change
|
|
|
|
PJM West On Peak
|
Nov-25
|
$54.11
|
$52.96
|
2.17%
|
$1.15
|
$52.73
|
2.61%
|
$47.36
|
14.24%
|
|
|
|
ERCOT North On Peak
|
Nov-25
|
$34.67
|
$35.32
|
-1.83%
|
-$0.65
|
$39.00
|
-11.10%
|
$35.59
|
-2.58%
|
|
|
|
CAISO SP 15 On Peak
|
Nov-25
|
$32.48
|
$33.00
|
-1.58%
|
-$0.52
|
$33.75
|
-3.75%
|
$47.31
|
-31.35%
|
|
|
|
MISO Indiana On Peak
|
Nov-25
|
$46.57
|
$45.00
|
3.49%
|
$1.57
|
$50.24
|
-7.29%
|
$45.72
|
1.88%
|
|
|
|
NEISO Mass On Peak
|
Nov-25
|
$49.03
|
$52.68
|
-6.93%
|
-$3.65
|
$55.87
|
-12.24%
|
$55.74
|
-12.04%
|
|
|
|
WECC Mid C On Peak
|
Nov-25
|
$45.55
|
$46.51
|
-2.06%
|
-$0.96
|
$47.14
|
-3.38%
|
$73.97
|
-38.42%
|
|
|
|
NYISO Zone G On Peak
|
Nov-25
|
$56.65
|
$54.93
|
3.13%
|
$1.72
|
$53.52
|
5.85%
|
$46.01
|
23.13%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
10/29/25
|
10/28/25
|
% Change
|
Change
|
10/1/25
|
% Change
|
10/29/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Dec-25
|
$3.795
|
$3.867
|
-1.86%
|
-$0.07
|
$4.06
|
-6.48%
|
$3.84
|
-1.09%
|
|
|
|
Houston Ship Channel
|
Dec-25
|
-$0.273
|
-$0.279
|
-2.18%
|
$0.01
|
-$0.24
|
12.53%
|
-$0.41
|
-33.65%
|
|
|
|
Chicago
|
Dec-25
|
$0.233
|
$0.232
|
-0.39%
|
$0.00
|
$0.18
|
28.15%
|
$0.26
|
-10.64%
|
|
|
|
Waha
|
Dec-25
|
-$2.005
|
-$1.974
|
-1.58%
|
-$0.03
|
-$2.48
|
-19.14%
|
-$1.58
|
26.93%
|
|
|
|
Algonquin
|
Dec-25
|
$5.303
|
$5.352
|
-0.92%
|
-$0.05
|
$5.94
|
-10.79%
|
$4.68
|
13.22%
|
|
|
|
Aeco
|
Dec-25
|
-$1.473
|
-$1.547
|
-4.76%
|
$0.07
|
-$1.75
|
-15.89%
|
-$1.40
|
5.18%
|
|
|
|
Socal
|
Dec-25
|
$0.424
|
$0.406
|
4.34%
|
$0.02
|
$0.63
|
-32.98%
|
$2.67
|
-84.14%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
10/29/25
|
10/28/25
|
% Change
|
Change
|
10/1/25
|
% Change
|
10/29/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Nov-25
|
$0.674
|
$0.673
|
0.18%
|
$0.00
|
$0.69
|
-2.36%
|
$0.73
|
-7.20%
|
|
|
|
Mt. Belvieu Propane non LST
|
Nov-25
|
$0.650
|
$0.650
|
0.00%
|
$0.00
|
$0.68
|
-4.41%
|
$0.74
|
-11.81%
|
|
|
|
Mt. Belview Ethane
|
Nov-25
|
$0.241
|
$0.247
|
-2.53%
|
-$0.01
|
$0.27
|
-10.70%
|
$0.25
|
-1.86%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Nov-25
|
$1.247
|
$1.238
|
0.80%
|
$0.01
|
$1.27
|
-1.77%
|
$1.34
|
-6.95%
|
|
|
|
Mt. Belvieu Butane LST
|
Nov-25
|
$0.853
|
$0.852
|
0.23%
|
$0.00
|
$0.86
|
-1.10%
|
$0.88
|
-2.79%
|
|
|
|
Far East Propane
|
Nov-25
|
$5.109
|
$5.030
|
1.56%
|
$0.08
|
$5.18
|
-1.37%
|
$5.59
|
-8.69%
|
|
|
|
Saudi Propane
|
Nov-25
|
$4.700
|
$4.605
|
2.06%
|
$0.09
|
$4.75
|
-0.96%
|
$5.21
|
-9.78%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
10/29/25
|
10/28/25
|
% Change
|
Change
|
10/1/25
|
% Change
|
10/29/24
|
% Change
|
|
|
|
WTI
|
Dec-25
|
$60.15
|
$60.15
|
0.00%
|
$0.00
|
$61.39
|
-2.02%
|
$65.24
|
-7.80%
|
|
|
|
Brent
|
Dec-25
|
$64.40
|
$64.40
|
0.00%
|
$0.00
|
$65.35
|
-1.45%
|
$69.47
|
-7.30%
|
|
|
|
WCS
|
Dec-25
|
-$12.70
|
-$12.00
|
5.55%
|
-$0.70
|
-$10.80
|
17.65%
|
-$14.77
|
-13.96%
|
|
|
|
LLS
|
Dec-25
|
$61.63
|
$60.94
|
1.11%
|
$0.68
|
$63.58
|
-3.08%
|
$67.49
|
-8.70%
|
|
|
|
Mars
|
Dec-25
|
$58.60
|
$58.30
|
0.52%
|
$0.30
|
$60.50
|
-3.13%
|
$63.77
|
-8.10%
|
|
|
|
Sour
|
Dec-25
|
$60.52
|
$60.24
|
0.46%
|
$0.28
|
$61.65
|
-1.83%
|
$65.36
|
-7.40%
|
|
|
|
ESPO
|
Dec-25
|
$62.40
|
$62.40
|
0.00%
|
$0.00
|
$63.35
|
-1.50%
|
$67.47
|
-7.51%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
10/29/25
|
10/28/25
|
% Change
|
Change
|
10/1/25
|
% Change
|
10/29/24
|
% Change
|
|
|
|
NY Heating Oil
|
Nov-25
|
$2.42
|
$2.37
|
2.37%
|
$0.06
|
$2.31
|
5.12%
|
$2.17
|
11.45%
|
|
|
|
NY Gasoline
|
Nov-25
|
$1.95
|
$1.86
|
5.12%
|
$0.10
|
$1.91
|
2.09%
|
$1.84
|
6.04%
|
|
|
|
GC Gasoline
|
Nov-25
|
$1.81
|
$1.72
|
5.54%
|
$0.09
|
$1.77
|
2.26%
|
$1.74
|
4.08%
|
|
|
|
GC Jet
|
Nov-25
|
$2.23
|
$2.26
|
-1.33%
|
-$0.03
|
$2.13
|
4.80%
|
$2.04
|
9.48%
|
|
|
|
Chicago Ethanol
|
Nov-25
|
$1.70
|
$1.74
|
-2.30%
|
-$0.04
|
$1.92
|
-11.50%
|
$1.54
|
10.46%
|
|
|
|
Rotterdam Gasoil
|
Nov-25
|
$623.03
|
$615.13
|
1.29%
|
$7.91
|
$601.46
|
3.59%
|
$604.14
|
3.13%
|
|
|
|
Singapore Jet Kero
|
Nov-25
|
$89.84
|
$90.44
|
-0.67%
|
-$0.60
|
$86.13
|
4.30%
|
$85.12
|
5.55%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
10/29/25
|
10/28/25
|
% Change
|
Change
|
10/1/25
|
% Change
|
10/29/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Dec-25
|
63.68%
|
65.53%
|
-2.82%
|
-1.85%
|
52.02%
|
22.41%
|
42.34%
|
50.40%
|
|
|
|
Algonquin Straddle
|
Dec-25
|
74.63%
|
79.29%
|
-5.88%
|
-4.66%
|
54.39%
|
37.21%
|
43.61%
|
71.13%
|
|
|
|
Waha Straddle
|
Dec-25
|
139.49%
|
134.12%
|
4.00%
|
5.37%
|
126.71%
|
10.09%
|
60.65%
|
129.99%
|
|
|
|
Chicago Straddle
|
Dec-25
|
63.86%
|
65.12%
|
-1.93%
|
-1.26%
|
49.78%
|
28.28%
|
42.50%
|
50.26%
|
|
|
|
PJM West Straddle
|
Dec-25
|
56.87%
|
55.49%
|
2.49%
|
1.38%
|
44.54%
|
27.68%
|
45.37%
|
25.35%
|
|
|
|
SP – 15 Straddle
|
Dec-25
|
275.56%
|
255.68%
|
7.78%
|
19.88%
|
179.69%
|
53.35%
|
101.09%
|
172.59%
|
|
|
|
Mid. C Straddle
|
Dec-25
|
84.01%
|
85.81%
|
-2.10%
|
-1.80%
|
56.17%
|
49.56%
|
83.49%
|
0.62%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
10/29/25
|
10/28/25
|
% Change
|
Change
|
10/1/25
|
% Change
|
10/29/24
|
% Change
|
|
|
|
Dutch TTF
|
Dec-25
|
EUR 32.04
|
EUR 31.68
|
1.11%
|
EUR 0.35
|
EUR 31.85
|
0.59%
|
EUR 40.51
|
-20.91%
|
|
|
|
NBP
|
Dec-25
|
GBP 83.35
|
GBP 82.14
|
1.47%
|
GBP 1.21
|
GBP 83.11
|
0.29%
|
GBP 105.20
|
-20.76%
|
|
|
|
German Base
|
Dec-25
|
EUR 99.07
|
EUR 97.58
|
1.53%
|
EUR 1.50
|
EUR 90.29
|
9.73%
|
EUR 103.23
|
-4.02%
|
|
|
|
UK Base
|
Dec-25
|
GBP 80.29
|
GBP 80.21
|
0.10%
|
GBP 0.08
|
GBP 80.13
|
0.21%
|
GBP 85.90
|
-6.53%
|
|
|
|
French Base
|
Dec-25
|
EUR 66.80
|
EUR 66.56
|
0.36%
|
EUR 0.24
|
EUR 72.63
|
-8.03%
|
EUR 88.93
|
-24.89%
|
|
|
|
Italian Base
|
Dec-25
|
EUR 111.58
|
EUR 110.99
|
0.53%
|
EUR 0.59
|
EUR 109.08
|
2.29%
|
EUR 124.14
|
-10.12%
|
|
|
|
JKM LNG
|
Dec-25
|
$11.20
|
$11.26
|
-0.51%
|
-$0.06
|
$10.74
|
4.33%
|
$13.62
|
-17.76%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
10/29/25
|
10/28/25
|
% Change
|
Change
|
10/1/25
|
% Change
|
10/29/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Dec-25
|
$32.04
|
$31.68
|
1.11%
|
$0.35
|
$31.85
|
0.59%
|
$40.51
|
-20.91%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Dec-25
|
$83.35
|
$82.14
|
1.47%
|
$1.21
|
$83.11
|
0.29%
|
$105.20
|
-20.76%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Dec-25
|
$99.07
|
$97.58
|
1.53%
|
$1.50
|
$90.29
|
9.73%
|
$103.23
|
-4.02%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Dec-25
|
$80.29
|
$80.21
|
0.10%
|
$0.08
|
$80.13
|
0.21%
|
$85.90
|
-6.53%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Dec-25
|
$66.80
|
$66.56
|
0.36%
|
$0.24
|
$72.63
|
-8.03%
|
$88.93
|
-24.89%
|
|
|
|
Supramax Timecharter (DRY)
|
Dec-25
|
$111.58
|
$110.99
|
0.53%
|
$0.59
|
$109.08
|
2.29%
|
$124.14
|
-10.12%
|
|
|
|
Capesize Timecharter (DRY)
|
Dec-25
|
$11.20
|
$11.26
|
-0.51%
|
-$0.06
|
$10.74
|
4.33%
|
$13.62
|
-17.76%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10/25/2025
|
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
|
0
|
801
|
145
|
-60
|
22.00%
|
-7.00%
|
|
|
|
E N Central
|
0
|
-1
|
0
|
862
|
154
|
51
|
22.00%
|
6.00%
|
|
|
|
W N Central
|
0
|
-1
|
-1
|
1,057
|
131
|
63
|
14.00%
|
6.00%
|
|
|
|
South Atlantic
|
20
|
-1
|
1
|
2,051
|
190
|
-58
|
10.00%
|
-3.00%
|
|
|
|
E S Central
|
2
|
-4
|
0
|
1,781
|
245
|
-1
|
16.00%
|
0.00%
|
|
|
|
W S Central
|
37
|
15
|
0
|
2,731
|
337
|
-42
|
14.00%
|
-2.00%
|
|
|
|
Mountain
|
8
|
1
|
2
|
1,320
|
85
|
-122
|
7.00%
|
-9.00%
|
|
|
|
Pacific
|
0
|
-4
|
-3
|
723
|
26
|
-194
|
4.00%
|
-21.00%
|
|
|
|
United States
|
9
|
1
|
0
|
1,346
|
157
|
-51
|
13.00%
|
-4.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10/25/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
92
|
-28
|
29
|
429
|
-115
|
10
|
-21.00%
|
2.00%
|
|
|
|
Middle Atlantic
|
88
|
-16
|
38
|
291
|
-134
|
15
|
-32.00%
|
5.00%
|
|
|
|
E N Central
|
117
|
5
|
51
|
341
|
-129
|
0
|
-27.00%
|
0.00%
|
|
|
|
W N Central
|
114
|
2
|
62
|
311
|
-182
|
-4
|
-37.00%
|
-1.00%
|
|
|
|
South Atlantic
|
44
|
-1
|
12
|
101
|
-42
|
-6
|
-29.00%
|
-6.00%
|
|
|
|
E S Central
|
60
|
1
|
13
|
107
|
-79
|
-31
|
-42.00%
|
-22.00%
|
|
|
|
W S Central
|
12
|
-13
|
-1
|
18
|
-44
|
-16
|
NA
|
NA
|
|
|
|
Mountain
|
76
|
-18
|
-1
|
283
|
-165
|
58
|
-37.00%
|
26.00%
|
|
|
|
Pacific
|
37
|
-13
|
5
|
167
|
-75
|
24
|
-31.00%
|
17.00%
|
|
|
|
United States
|
68
|
-7
|
23
|
210
|
-98
|
5
|
-32.00%
|
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|

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