Coquest

Your Daily Energy Report for August 11, 2025

Posted on 2025-08-11

Crude Oil

Crude Oil futures for September settled up $.08 or .125% at $63.96. Oil prices rose on Monday as President Trump’s moves toward resolving the conflict in Ukraine eased concerns about interruptions to Russian oil supplies. On Friday, Trump revealed plans for a summit in Alaska with Putin and indicated no additional sanctions on Russian oil would be imposed during ongoing negotiations. Reports suggest discussions might formalize Russia’s control over certain territories, though any agreement is uncertain and would require approval from Ukraine and European nations. A successful peace deal could lead to the removal of sanctions on Russian crude, alleviating supply risks. Market attention now turns to upcoming OPEC monthly reports and supply-demand forecasts from the U.S. EIA and IEA. Oil prices have dropped more than 10% this year as OPEC+ accelerates output increases beyond previous plans, reversing cuts made in 2023, while weaker economic growth dampens demand outlooks.

Natural Gas

Natural Gas futures for September settled down -$.036 or -1.204% at $2.954. Natural gas prices dropped today due to nearly record-high production, ample storage, and forecasts for milder weather. Production across the Lower 48 averaged 108.4 bcfd in August, surpassing July’s previous record of 107.9 bcfd. Although summer temperatures were warmer than usual, strong supply enabled storage injections to remain above average, with inventories currently about 6% higher than typical seasonal levels and expected to continue rising. Forecasters now predict above-average heat through August 26, but at lower intensity than earlier projections, easing demand pressures. Meanwhile, LNG exports continue to grow, with feedgas volumes to U.S. export terminals averaging 16.2 bcfd this month—up from 15.5 bcfd in July.
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