Coquest

Your Daily Energy Report for April 25, 2025

Posted on 2025-04-25

Crude Oil

Crude Oil futures for June settled up $.23 or .366% at $63.02. Oil prices rose slightly on Friday, poised for a weekly decline as market sentiment shifted due to possible oversupply. This was largely influenced by signals of a truce in the Russia-Ukraine conflict and expectations of boosted production from OPEC+ nations. Indications suggest Washington and Moscow are making headway in negotiations, though certain issues remain unsettled. At the same time, multiple OPEC+ countries are reportedly in favor of extending increased production into a second consecutive month. Kazakhstan, aligning with the group but emphasizing domestic priorities, noted it is unable to scale back output at major oil sites. Limiting further downside, China is reportedly weighing the removal of some tariffs on US goods—an apparent move to ease trade tensions between the two biggest oil-consuming nations. Separately, the US announced fresh sanctions this week targeting an Iranian official tied to the transport of crude and liquefied petroleum gas.
 

Natural Gas

Natural Gas futures for May settled up $.007 or .239% at $2.937. Natural gas prices held relatively unchanged today as market participants reacted to weaker-than-expected fundamentals, including bearish storage figures and subdued demand driven by mild weather. Technical indicators added to the downward momentum. A Thursday release from the EIA triggered additional selling, revealing a significantly larger storage increase than anticipated. For the week ending April 18, stockpiles rose by 88 billion cubic feet, far above both the expected 75 Bcf and the seasonal norm of 58 Bcf. Elevated output from wind and solar sources was highlighted as a major reason behind the sluggish draw from gas reserves.
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