Coquest
News
News
Your Daily Energy Report for June 26, 2025
Posted on 2025-06-26
Crude Oil
Crude Oil futures for August settled up $.32 or .493% at $65.24. Oil prices climbed on Thursday as traders assessed conflicting developments surrounding U.S.– Iran relations and potential supply threats. Although American airstrikes were carried out, reports indicate that Iran’s nuclear material reserves remain largely unaffected, and Tehran has moved to halt cooperation with international nuclear inspectors. President Trump dismissed allegations that Iran relocated sensitive materials before the strikes and claimed the confrontation had ended—though he reaffirmed plans to continue targeting Iran’s oil income. Earlier in the week, crude values had dropped on optimism that the ceasefire between Israel and Iran would hold. Trump also acknowledged that sanctions haven’t prevented China from continuing oil imports from Iran. Meanwhile, U.S. crude stockpiles shrank by 5.84 million barrels, reaching the lowest seasonal level in over a decade, while inventories at Cushing fell for the third consecutive week.Natural Gas
Natural Gas futures for July settled down -$.145 or -4.257% at $3.261. Natural gas prices fell today, reaching their lowest level in over a month, as elevated production and a larger-than-expected storage increase added downward pressure. Data from the EIA showed that 96 billion cubic feet of gas were injected into storage during the week ending June 20—the tenth week in a row with builds surpassing historical norms. Output across the Lower 48 states averaged 105.5 bcfd this month, slightly above May’s figure and contributing to the strong supply outlook. While forecasts still indicate above-average warmth in the coming weeks, the intensity is expected to ease compared to the current heatwave. Meanwhile, natural gas flows to the country’s primary LNG export facilities have slipped to 14.1 bcfd in June, down from 15.0 bcfd last month, reflecting reduced outbound demand.
Continue reading the full Coquest Daily Report.