Coquest

Your Daily Energy Report for April 14, 2025

Posted on 2025-04-14

Crude Oil

Crude Oil futures for May settled up $.03 or .049% at $61.53. Oil prices remained steady on Monday, moving within a narrow range as investors weighed the implications of potentially easing restrictions on Iranian oil against a temporary suspension of U.S. tariffs. Talks between the U.S. and Iran on the nuclear front, described as “productive,” fueled expectations of increased Iranian crude entering the market, which exerted downward pressure on prices. In parallel, OPEC adjusted its demand growth outlook for 2025–2026, trimming it by 100,000 barrels per day due to anticipated softer consumption influenced by U.S. trade measures—though it still projects an annual rise of 1.3 million barrels daily. While President Donald Trump temporarily lifted some tariffs on Chinese tech imports, he signaled more trade measures were on the way, maintaining a level of market uncertainty. In response to price trends, Saudi Arabia advocated for a ramp-up in production and enforce quotas on members exceeding limits.
 

Natural Gas

Natural Gas futures for May settled down -$.202 or -5.727% at $3.325. Natural gas prices dipped today, marking a two-month low as output continues to climb and weather forecasts point to unseasonably warm conditions. So far this April, average gas production across the Lower 48 states has increased to 106.3 billion cubic feet per day, edging past March’s record average of 106.2 bcfd. Over the weekend, output even reached a new daily peak of 107.4 bcfd. Meanwhile, warmer temperatures expected through the end of the month are likely to curb demand for heating. On the flip side, liquefied natural gas shipments from U.S. terminals have surged, averaging 16.3 bcfd this month—an all-time high—thanks in part to growing flows to Venture Global’s recently launched Plaquemines site in Louisiana.
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