Coquest

Your Daily Energy Report for July 15, 2025

Posted on 2025-07-14

Crude Oil

Crude Oil futures for August settled down -$.46 or -.687% at $66.52. Oil prices declined on Tuesday, extending weakness after a 2.2% drop the day before, as markets questioned whether President Trump’s latest strategy toward Russia would meaningfully impact its oil exports. While the administration announced increased military assistance to Ukraine and floated the possibility of 100% tariffs if a resolution isn’t reached within 50 days, investors saw the delay as reducing the likelihood of any near-term disruption to global crude flows—particularly to major importers like China and India. Nonetheless, prices found some footing from stronger demand signals in China, where refinery throughput climbed to 15.2 million barrels per day in June, the highest level since September of last year.
 

Natural Gas

Natural Gas futures for August settled up $.057 or 1.645% at $3.523. Natural gas prices continued to rise on Tuesday, driven by strengthening demand expectations tied to elevated LNG export activity and persistent heat across key regions. Shipments of liquefied natural gas remain a major source of support, with estimated feedgas volumes to domestic terminals reaching 15.8 billion cubic feet per day on Monday—up nearly 6% from the previous week. That number may climb further as eight export facilities along the Gulf Coast, collectively adding close to 99 million metric tons per year of new capacity, approach completion or are already under construction. Meanwhile, updated weather models are pointing to continued above-average temperatures across much of the country, particularly in the South, Midwest, and East, which should keep cooling-related demand elevated through the end of July.
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