Coquest

Your Daily Energy Report for July 14, 2025

Posted on 2025-07-14

Crude Oil

Crude Oil futures for August settled up $1.88 or 2.824% at $68.45. Oil prices declined on Monday, after President Trump refrained from imposing immediate penalties on Russian oil, a move that underwhelmed traders hoping for stronger action. Although he threatened potential 100% secondary tariffs on Moscow if a ceasefire isn’t achieved within 50 days, the lack of prompt enforcement pressured market sentiment. At the same time, Trump's widening tariff rhetoric—now targeting the EU and Mexico with proposed 30% levies—added to investor caution, stoking fears of slowing global growth and softer energy consumption. These developments have raised concerns about a potential surplus in the oil market later in the year. In response, hedge funds have pared back bullish bets at the fastest rate since February. Nonetheless, there were signs of short-term strength, as Chinese customs data showed a pickup in crude purchases, including an increase in Iranian oil imports during June.
 

Natural Gas

Natural Gas futures for August settled down -$.023 or -.689% at $3.314. Natural gas prices climbed today, supported by increased liquefied natural gas export activity and expectations for above-normal heat through late July. LNG flows to the country’s eight main export terminals have averaged 15.8 billion cubic feet per day this month, as several plants ramped back up after undergoing maintenance and unplanned outages. Feedgas volumes were set to reach around 16.6 bcfd on Monday, the most in three months. In addition, forecasts point to sustained warmth across much of the Lower 48, likely keeping air conditioning demand elevated. A recent federal report also noted that 53 billion cubic feet of natural gas were added to storage in the week ending July 4, aligning with the typical five-year trend.
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