Coquest

Your Daily Energy Report for July 11, 2025

Posted on 2025-07-11

Crude Oil

Crude Oil futures for August settled up $1.88 or 2.824% at $68.45. Oil prices climbed on Friday, rebounding from a sharp drop the day before, as traders weighed immediate supply constraints against the possibility of a glut later this year. The International Energy Agency pointed to increased consumption from seasonal travel and electricity use, but also revised its forecasts—raising supply expectations while dialing back demand estimates—suggesting the market could tip into surplus. While OPEC+ is expected to scale up output in the months ahead, which could pressure prices, near-term fundamentals remain supportive. Reinforcing this, Saudi Arabia is reportedly set to deliver roughly 51 million barrels to China in August, the highest monthly total in over two years. At the same time, OPEC has adjusted its long-range demand outlook downward, citing weaker growth from China.
 

Natural Gas

Natural Gas futures for August settled down -$.023 or -.689% at $3.314. Natural gas prices reversed early gains and ended the session lower, marking a third straight weekly decline. Liquefied natural gas exports provided some underlying support, with average flows to U.S. terminals climbing to 15.5 billion cubic feet per day—a two-month high and a 4% increase from the previous week. On the production side, output across the Lower 48 states edged down to around 104 bcfd, easing from midweek peaks of 106.3 bcfd, suggesting supply may tighten if elevated temperatures continue and infrastructure bottlenecks emerge. Despite recent volatility, energy prices remain well below the levels that would prompt a significant boost in drilling activity, according to the Kansas City Fed’s latest energy sector survey.
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