Coquest

Your Daily Energy Report for July 16, 2025

Posted on 2025-07-16

Crude Oil

Crude Oil futures for August settled down -$.14 or -.210% at $66.38. Oil prices slipped on Wednesday, posting a third consecutive daily decline as worries about excess supply and slowing global growth weighed on the market. Fresh anxiety emerged over the impact of U.S. trade measures on worldwide fuel consumption, even as data from the Energy Information Administration showed a notable 3.86 million barrel drop in nationwide crude inventories. However, stockpiles at the key Cushing, Oklahoma delivery point climbed to their highest level since June, offsetting some of the bullish inventory news. Demand for distillates, including diesel, showed a slight dip, despite inventories for that category falling to their lowest seasonal level in nearly three decades. Market participants remain cautious amid signs that OPEC+ is accelerating the return of previously withheld barrels, while output continues to expand across North and South America.
 

Natural Gas

Natural Gas futures for August settled up $.028 or .795% at $3.551. Natural gas prices slipped today as scorching temperatures across much of the Lower 48 lifted cooling-related demand. The rally was underpinned by strong LNG exports and limited supply growth. According to LSEG, average gas production in July so far has climbed to 106.9 bcfd, slightly above June’s record-setting pace of 106.4 bcfd. Demand, however, is forecast to dip modestly next week from 109.8 to 107.6 bcfd. LNG feedgas levels have also rebounded to 15.8 bcfd as maintenance activity winds down, though volumes remain just shy of April’s peak. In New England, the heatwave drove spot natural gas prices up 61% to $12.50 per MMBtu, with electricity prices also reaching their highest point in three weeks.
​​​​
Continue reading the full Coquest Daily Report.

---