|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
Prices as of 8:53 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$3.109
|
$3.074
|
1.14%
|
$0.035
|
44,893
|
|
|
|
WTI
|
$62.05
|
$63.48
|
-2.25%
|
-$1.43
|
113,433
|
|
|
|
Brent
|
$65.58
|
$66.99
|
-2.10%
|
-$1.41
|
17,687
|
|
|
|
ULSD
|
$2.291
|
$2.331
|
-1.71%
|
-$0.040
|
9,326
|
|
|
|
RBOB
|
$1.967
|
$2.010
|
-2.13%
|
-$0.043
|
17,478
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.98
|
$3.96
|
0.51%
|
$0.02
|
Nov-25
|
|
|
|
3:2:1 Crack
|
$23.87
|
$23.93
|
-0.27%
|
-$0.06
|
Oct-25
|
|
|
|
PJM West Spark
|
$41.94
|
$35.90
|
16.84%
|
$6.04
|
Oct-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
08/29/25
|
536
|
-2
|
-47
|
08/30/24
|
|
|
|
Canada
|
08/29/25
|
175
|
-5
|
-45
|
08/30/24
|
|
|
|
International
|
August-2025
|
1076
|
-3
|
-66
|
August-2024
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 8/26/2025
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
97,122
|
96,859
|
96,585
|
274
|
|
|
|
PJM West Off Peak
|
90,064
|
89,832
|
89,441
|
391
|
|
|
|
Natural Gas Henry Hub
|
350,095
|
335,442
|
338,231
|
-2,789
|
|
|
|
WTI – Light Sweet Crude Futures
|
173,323
|
145,906
|
140,525
|
5,381
|
|
|
|
Brent Crude Last Day
|
219,232
|
212,600
|
212,874
|
-274
|
|
|
|
NYM Ethanol
|
44,682
|
43,953
|
44,151
|
-198
|
|
|
|
Mt Belvieu LDH Propane Swap
|
156,136
|
155,150
|
155,806
|
-656
|
|
|
|
RBOB
|
330,812
|
308,936
|
315,606
|
-6,670
|
|
|
|
HSC Basis
|
768,608
|
755,488
|
761,075
|
-5,587
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
09/04/20
|
|
|
|
|
|
8/29/25
|
8/22/25
|
Net Change
|
% Change
|
8/30/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
735
|
707
|
28
|
3.96%
|
761
|
-3.42%
|
734
|
0.14%
|
|
|
|
Midwest
|
860
|
832
|
28
|
3.37%
|
922
|
-6.72%
|
874
|
-1.60%
|
|
|
|
Mountain
|
254
|
254
|
0
|
0.00%
|
270
|
-5.93%
|
211
|
20.49%
|
|
|
|
Pacific
|
294
|
298
|
-4
|
-1.34%
|
289
|
1.73%
|
266
|
10.53%
|
|
|
|
South
|
1,129
|
1,125
|
4
|
0.36%
|
1,105
|
2.17%
|
1,043
|
8.29%
|
|
|
|
Salt
|
273
|
272
|
1
|
0.37%
|
267
|
2.25%
|
247
|
10.71%
|
|
|
|
Non_Salt
|
856
|
853
|
3
|
0.35%
|
838
|
2.15%
|
796
|
7.51%
|
|
|
|
Total
|
3,272
|
3,217
|
55
|
1.71%
|
3,347
|
-2.24%
|
3,127
|
4.62%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
9/4/25
|
9/3/25
|
% Change
|
Change
|
8/6/25
|
% Change
|
9/4/24
|
% Change
|
|
|
|
PJM West On Peak
|
Oct-25
|
$48.59
|
$42.47
|
14.40%
|
$6.12
|
$50.97
|
-4.66%
|
$48.34
|
0.52%
|
|
|
|
ERCOT North On Peak
|
Oct-25
|
$37.01
|
$35.30
|
4.86%
|
$1.72
|
$41.70
|
-11.24%
|
$36.50
|
1.41%
|
|
|
|
CAISO SP 15 On Peak
|
Oct-25
|
$32.50
|
$33.80
|
-3.84%
|
-$1.30
|
$32.38
|
0.38%
|
$35.91
|
-9.50%
|
|
|
|
MISO Indiana On Peak
|
Oct-25
|
$45.06
|
$39.51
|
14.05%
|
$5.55
|
$47.29
|
-4.70%
|
$46.59
|
-3.27%
|
|
|
|
NEISO Mass On Peak
|
Oct-25
|
$41.08
|
$40.11
|
2.43%
|
$0.97
|
$42.25
|
-2.77%
|
$42.04
|
-2.29%
|
|
|
|
WECC Mid C On Peak
|
Oct-25
|
$52.35
|
$51.59
|
1.48%
|
$0.76
|
$49.96
|
4.78%
|
$61.78
|
-15.26%
|
|
|
|
NYISO Zone G On Peak
|
Oct-25
|
$43.19
|
$43.29
|
-0.24%
|
-$0.10
|
$44.00
|
-1.84%
|
$39.75
|
8.66%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
9/4/25
|
9/3/25
|
% Change
|
Change
|
8/6/25
|
% Change
|
9/4/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Oct-25
|
$3.074
|
$3.064
|
0.33%
|
$0.01
|
$3.18
|
-3.21%
|
$3.21
|
-4.24%
|
|
|
|
Houston Ship Channel
|
Oct-25
|
-$0.426
|
-$0.425
|
0.31%
|
$0.00
|
-$0.48
|
-11.99%
|
-$0.62
|
-30.96%
|
|
|
|
Chicago
|
Oct-25
|
-$0.381
|
-$0.395
|
3.52%
|
$0.01
|
-$0.37
|
3.70%
|
-$0.53
|
-27.54%
|
|
|
|
Waha
|
Oct-25
|
-$2.428
|
-$2.510
|
-3.27%
|
$0.08
|
-$2.51
|
-3.09%
|
-$1.98
|
22.68%
|
|
|
|
Algonquin
|
Oct-25
|
-$0.823
|
-$0.837
|
1.77%
|
$0.01
|
-$0.65
|
27.18%
|
-$0.83
|
-1.06%
|
|
|
|
Aeco
|
Oct-25
|
-$2.029
|
-$1.986
|
2.19%
|
-$0.04
|
-$2.25
|
-9.76%
|
-$1.22
|
65.93%
|
|
|
|
Socal
|
Oct-25
|
-$0.386
|
-$0.331
|
16.74%
|
-$0.06
|
-$0.60
|
-35.75%
|
-$0.34
|
13.52%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
9/4/25
|
9/3/25
|
% Change
|
Change
|
8/6/25
|
% Change
|
9/4/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Oct-25
|
$0.720
|
$0.724
|
-0.52%
|
$0.00
|
$0.70
|
2.86%
|
$0.70
|
2.90%
|
|
|
|
Mt. Belvieu Propane non LST
|
Oct-25
|
$0.710
|
$0.711
|
-0.17%
|
$0.00
|
$0.69
|
2.22%
|
$0.70
|
1.55%
|
|
|
|
Mt. Belview Ethane
|
Oct-25
|
$0.243
|
$0.240
|
1.01%
|
$0.00
|
$0.22
|
9.01%
|
$0.24
|
1.10%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Oct-25
|
$1.315
|
$1.316
|
-0.09%
|
$0.00
|
$1.30
|
0.85%
|
$1.35
|
-2.27%
|
|
|
|
Mt. Belvieu Butane LST
|
Oct-25
|
$0.837
|
$0.834
|
0.40%
|
$0.00
|
$0.83
|
1.36%
|
$0.82
|
2.30%
|
|
|
|
Far East Propane
|
Oct-25
|
$5.461
|
$5.471
|
-0.18%
|
-$0.01
|
$5.38
|
1.51%
|
$5.55
|
-1.67%
|
|
|
|
Saudi Propane
|
Oct-25
|
$5.440
|
$5.410
|
0.57%
|
$0.03
|
$5.39
|
0.94%
|
$5.19
|
4.91%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
9/4/25
|
9/3/25
|
% Change
|
Change
|
8/6/25
|
% Change
|
9/4/24
|
% Change
|
|
|
|
WTI
|
Oct-25
|
$63.48
|
$63.97
|
-0.77%
|
-$0.49
|
$63.41
|
0.11%
|
$66.22
|
-4.14%
|
|
|
|
Brent
|
Oct-25
|
$67.21
|
$67.81
|
-0.89%
|
-$0.60
|
$66.89
|
0.47%
|
$70.64
|
-4.86%
|
|
|
|
WCS
|
Oct-25
|
-$11.71
|
-$12.02
|
-2.64%
|
$0.31
|
-$12.67
|
-7.60%
|
-$14.93
|
-21.56%
|
|
|
|
LLS
|
Oct-25
|
$65.03
|
$65.57
|
-0.84%
|
-$0.55
|
$64.49
|
0.84%
|
$68.39
|
-4.91%
|
|
|
|
Mars
|
Oct-25
|
$63.01
|
$63.21
|
-0.32%
|
-$0.20
|
$62.17
|
1.35%
|
$65.12
|
-3.24%
|
|
|
|
Sour
|
Oct-25
|
$64.10
|
$63.05
|
1.63%
|
$1.04
|
$65.26
|
-1.78%
|
$66.51
|
-3.63%
|
|
|
|
ESPO
|
Oct-25
|
$65.21
|
$65.81
|
-0.92%
|
-$0.60
|
$64.89
|
0.49%
|
$68.64
|
-5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
9/4/25
|
9/3/25
|
% Change
|
Change
|
8/6/25
|
% Change
|
9/4/24
|
% Change
|
|
|
|
NY Heating Oil
|
Oct-25
|
$2.32
|
$2.36
|
-1.57%
|
-$0.04
|
$2.25
|
3.16%
|
$2.22
|
4.65%
|
|
|
|
NY Gasoline
|
Oct-25
|
$2.01
|
$2.01
|
-0.10%
|
$0.00
|
$1.96
|
2.55%
|
$1.90
|
5.96%
|
|
|
|
GC Gasoline
|
Oct-25
|
$1.87
|
$1.87
|
-0.11%
|
$0.00
|
$1.82
|
2.75%
|
$1.80
|
4.06%
|
|
|
|
GC Jet
|
Oct-25
|
$2.07
|
$2.12
|
-2.27%
|
-$0.05
|
$2.00
|
3.34%
|
$2.06
|
0.29%
|
|
|
|
Chicago Ethanol
|
Oct-25
|
$1.98
|
$2.00
|
-1.05%
|
-$0.02
|
$1.71
|
16.25%
|
$1.65
|
19.83%
|
|
|
|
Rotterdam Gasoil
|
Oct-25
|
$635.85
|
$634.80
|
0.16%
|
$1.05
|
$620.34
|
2.50%
|
$628.55
|
1.16%
|
|
|
|
Singapore Jet Kero
|
Oct-25
|
$84.90
|
$86.15
|
-1.45%
|
-$1.25
|
$83.42
|
1.77%
|
$85.82
|
-1.08%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
9/4/25
|
9/3/25
|
% Change
|
Change
|
8/6/25
|
% Change
|
9/4/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Oct-25
|
52.64%
|
52.90%
|
-0.49%
|
-0.26%
|
58.18%
|
-9.52%
|
40.86%
|
28.83%
|
|
|
|
Algonquin Straddle
|
Oct-25
|
66.73%
|
65.31%
|
2.17%
|
1.42%
|
75.07%
|
-11.11%
|
46.29%
|
44.16%
|
|
|
|
Waha Straddle
|
Oct-25
|
227.34%
|
225.23%
|
0.94%
|
2.11%
|
148.65%
|
52.94%
|
99.55%
|
128.37%
|
|
|
|
Chicago Straddle
|
Oct-25
|
54.78%
|
55.19%
|
-0.74%
|
-0.41%
|
61.98%
|
-11.62%
|
45.52%
|
20.34%
|
|
|
|
PJM West Straddle
|
Oct-25
|
40.40%
|
43.82%
|
-7.80%
|
-3.42%
|
35.78%
|
12.91%
|
38.18%
|
5.81%
|
|
|
|
SP – 15 Straddle
|
Oct-25
|
236.11%
|
228.65%
|
3.26%
|
7.46%
|
168.20%
|
40.37%
|
48.26%
|
389.25%
|
|
|
|
Mid. C Straddle
|
Oct-25
|
105.60%
|
84.39%
|
25.13%
|
21.21%
|
46.92%
|
125.06%
|
71.72%
|
47.24%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
9/4/25
|
9/3/25
|
% Change
|
Change
|
8/6/25
|
% Change
|
9/4/24
|
% Change
|
|
|
|
Dutch TTF
|
Oct-25
|
EUR 32.58
|
EUR 32.42
|
0.48%
|
EUR 0.16
|
EUR 33.60
|
-3.07%
|
EUR 37.58
|
-13.31%
|
|
|
|
NBP
|
Oct-25
|
GBP 79.69
|
GBP 79.19
|
0.64%
|
GBP 0.50
|
GBP 82.56
|
-3.47%
|
GBP 95.76
|
-16.78%
|
|
|
|
German Base
|
Oct-25
|
EUR 88.02
|
EUR 86.58
|
1.67%
|
EUR 1.44
|
EUR 84.94
|
3.62%
|
EUR 90.36
|
-2.59%
|
|
|
|
UK Base
|
Oct-25
|
GBP 74.32
|
GBP 73.38
|
1.29%
|
GBP 0.94
|
GBP 75.52
|
-1.59%
|
GBP 84.85
|
-12.41%
|
|
|
|
French Base
|
Oct-25
|
EUR 53.71
|
EUR 54.08
|
-0.70%
|
-EUR 0.38
|
EUR 61.13
|
-12.15%
|
EUR 80.23
|
-33.06%
|
|
|
|
Italian Base
|
Oct-25
|
EUR 107.18
|
EUR 106.40
|
0.73%
|
EUR 0.78
|
EUR 108.33
|
-1.06%
|
EUR 107.26
|
-0.08%
|
|
|
|
JKM LNG
|
Oct-25
|
$11.23
|
$11.39
|
-1.40%
|
-$0.16
|
$11.92
|
-5.80%
|
$13.47
|
-16.59%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
9/4/25
|
9/3/25
|
% Change
|
Change
|
8/6/25
|
% Change
|
9/4/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Oct-25
|
$32.58
|
$32.42
|
0.48%
|
$0.16
|
$33.60
|
-3.07%
|
$37.58
|
-13.31%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Oct-25
|
$79.69
|
$79.19
|
0.64%
|
$0.50
|
$82.56
|
-3.47%
|
$95.76
|
-16.78%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Oct-25
|
$88.02
|
$86.58
|
1.67%
|
$1.44
|
$84.94
|
3.62%
|
$90.36
|
-2.59%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Oct-25
|
$74.32
|
$73.38
|
1.29%
|
$0.94
|
$75.52
|
-1.59%
|
$84.85
|
-12.41%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Oct-25
|
$53.71
|
$54.08
|
-0.70%
|
-$0.38
|
$61.13
|
-12.15%
|
$80.23
|
-33.06%
|
|
|
|
Supramax Timecharter (DRY)
|
Oct-25
|
$107.18
|
$106.40
|
0.73%
|
$0.78
|
$108.33
|
-1.06%
|
$107.26
|
-0.08%
|
|
|
|
Capesize Timecharter (DRY)
|
Oct-25
|
$11.23
|
$11.39
|
-1.40%
|
-$0.16
|
$11.92
|
-5.80%
|
$13.47
|
-16.59%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
08/30/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
10
|
-12
|
-18
|
522
|
130
|
-45
|
33.00%
|
-8.00%
|
|
|
|
Middle Atlantic
|
14
|
-20
|
-36
|
731
|
143
|
-66
|
24.00%
|
-8.00%
|
|
|
|
E N Central
|
3
|
-31
|
-67
|
756
|
119
|
62
|
19.00%
|
9.00%
|
|
|
|
W N Central
|
18
|
-28
|
-64
|
860
|
37
|
33
|
4.00%
|
4.00%
|
|
|
|
South Atlantic
|
65
|
-16
|
-23
|
1,672
|
186
|
-22
|
13.00%
|
-1.00%
|
|
|
|
E S Central
|
47
|
-28
|
-47
|
1,454
|
188
|
3
|
15.00%
|
0.00%
|
|
|
|
W S Central
|
104
|
-7
|
-25
|
2,108
|
194
|
-77
|
10.00%
|
-4.00%
|
|
|
|
Mountain
|
60
|
-1
|
1
|
1,091
|
83
|
-26
|
8.00%
|
-2.00%
|
|
|
|
Pacific
|
65
|
24
|
38
|
566
|
34
|
-92
|
6.00%
|
-14.00%
|
|
|
|
United States
|
45
|
-11
|
-25
|
1,105
|
126
|
-28
|
13.00%
|
-2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
08/30/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
17
|
8
|
13
|
43
|
8
|
16
|
NA
|
NA
|
|
|
|
Middle Atlantic
|
11
|
6
|
9
|
18
|
-3
|
4
|
NA
|
NA
|
|
|
|
E N Central
|
32
|
24
|
29
|
41
|
7
|
3
|
NA
|
NA
|
|
|
|
W N Central
|
18
|
6
|
17
|
30
|
-12
|
0
|
NA
|
NA
|
|
|
|
South Atlantic
|
2
|
1
|
1
|
2
|
1
|
0
|
NA
|
NA
|
|
|
|
E S Central
|
5
|
4
|
5
|
5
|
4
|
3
|
NA
|
NA
|
|
|
|
W S Central
|
1
|
1
|
1
|
1
|
1
|
1
|
NA
|
NA
|
|
|
|
Mountain
|
2
|
-11
|
-3
|
6
|
-41
|
-9
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
-7
|
-9
|
8
|
-37
|
-9
|
NA
|
NA
|
|
|
|
United States
|
10
|
5
|
7
|
16
|
-7
|
0
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
