Coquest

Your Daily Energy Report for July 17, 2025

Posted on 2025-07-17

Crude Oil

Crude Oil futures for August settled up $1.16 or 1.748% at $67.54. Oil prices rose on Thursday, snapping a three-day slide as shrinking inventories and renewed geopolitical unrest in the Middle East lent support. U.S. government data revealed a larger-than-expected drawdown in crude stockpiles, with a 3.9 million barrel decrease last week pointing to tighter domestic supply. In Iraq’s semi-autonomous Kurdish region, drone strikes disrupted operations at several oilfields, curbing production by as much as 150,000 barrels per day. Heightened regional tensions—intensified by recent Israeli airstrikes in Syria—fueled further market anxiety. Still, broader uncertainty persists regarding the long-term impact of U.S. trade measures on global economic activity and energy demand. Meanwhile, forecasters tracked a weather system in the Gulf of Mexico, though it was not anticipated to strengthen into a significant storm.
 

Natural Gas

Natural Gas futures for August settled down -$.009 or-.253% at $3.542. Natural gas prices end the day near flat, as scorching summer temperatures continued to fuel strong demand for cooling. Utilities ramped up gas-fired power generation to meet elevated air conditioning use, with weather forecasts indicating sustained heat across much of the Lower 48 through early August. Next week is expected to bring the most intense temperatures of the season. Liquefied natural gas shipments also gained momentum, with average feedgas volumes rising to 15.8billion cubic feet per day this month, up from 14.3 bcfd in June, as several export facilities resumed operations following outages and maintenance. Despite strong demand, output strength enabled a 46 bcf storage injection for the week ending July 11—well above the 18 bcf added during the same period last year.
​​​​
Continue reading the full Coquest Daily Report.

---