Coquest

Your Daily Energy Report for June 12, 2025

Posted on 2025-06-12

Crude Oil

Crude Oil futures for July settled down -$.11 or -.161% at $68.04. Oil prices decreased on Thursday, easing from a more than two-month peak reached the day before. The retreat came as markets weighed the possibility of regional supply risks tied to escalating U.S.–Iran tensions, with Washington reportedly planning a limited withdrawal of personnel from parts of the Middle East following threats from Tehran to target U.S. bases if ongoing nuclear talks break down. Earlier in the week, prices had found support from a breakthrough in U.S.–China trade discussions, with both sides agreeing to a framework aimed at reducing friction—raising hopes for improved oil consumption from the two largest global buyers. Meanwhile, EIA data showed domestic crude inventories dropped by 3.6 million barrels in the week ending June 6, well above projections of a 2 million-barrel decline, pointing to firm demand.
 

Natural Gas

Natural Gas futures for July settled down -$.015 or-.428% at $3.492. Natural gas prices were mostly steady today despite reduced output and growing signs of renewed LNG demand as key export terminals resume operations following maintenance. In Louisiana, flows to Cameron LNG have climbed to a four-week peak of 1.5 billion cubic feet per day, exceeding the recent monthly average of 1.4 bcfd. At the same time, production across the Lower 48 has edged down to 105.0 bcfd in early June—slightly under May’s levels and notably below the March peak of 106.3 bcfd—largely due to ongoing seasonal maintenance. Weather forecasts suggest above-normal temperatures across much of the country through late June, which could elevate cooling-related gas consumption. Government data revealed another substantial increase in storage inventories for the week ending June 6.
​​​​
Continue reading the full Coquest Daily Report.

---