Coquest

Your Daily Energy Report for July 25, 2025

Posted on 2025-07-25

Crude Oil

Crude Oil futures for September settled down -$.87 or -1.318% at $65.16. Oil prices slipped on Friday, trading near $65 a barrel and reversing the prior session’s uptick, as expectations of greater Venezuelan output weighed on the market. Reports suggest that the U.S. is moving to permit certain partners of Venezuela’s PDVSA—such as Chevron—to resume limited operations, which could lift the nation’s crude exports by over 200,000 bpd. This anticipated increase in supply may ease shortages in the heavy crude segment, providing some relief for American refiners. Earlier in the week, prices had gained temporary support from export interruptions in the Black Sea and at Turkey’s Ceyhan terminal, though shipments have since resumed. Nonetheless, with the OPEC+ meeting on the horizon and no significant policy changes expected, WTI’s near-term outlook remains relatively steady but cautious.
 

Natural Gas

Natural Gas futures for August settled up $.016 or .517% at $3.110. Natural gas prices inched higher on Friday, continuing Thursday’s upward move as traders reacted to a supportive storage report and kept an eye on potential weekend volatility. The latest data from the EIA showed storage levels rising by 23 Bcf for the week ending July 18, a figure viewed as mildly bullish. Even so, overall inventories remain comfortably supplied, sitting about 5.9% above the five-year seasonal average and just 4.8% below levels from the same period last year. On the export side, LNG feedgas deliveries dropped 4.6% from the prior week to 15.0 Bcf per day. Weather models from Vaisala indicate that the current heat wave affecting the eastern U.S. should ease heading into early August, while western states are expected to return to near-normal temperatures.
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