Coquest

Your Daily Energy Report for August 13, 2025

Posted on 2025-08-13

Crude Oil

Crude Oil futures for September settled down -$.52 or -.823% at $62.65. Oil prices fell on Wednesday, marking their lowest level in more than two months, after the International Energy Agency projected that global oil markets will see a growing surplus this year and next. The agency anticipates inventories climbing at an unprecedented pace, reaching a 46-month high by June 2026—echoing a similar outlook from the U.S. government. U.S. output is expected to hit its peak this year before easing in 2026, supported for now by efficiency gains at existing wells. Government data also indicated a modest build in domestic crude stocks last week, consistent with figures from an industry report issued Tuesday. Market participants are also watching the upcoming U.S.–Russia meeting on Friday, aimed at exploring a resolution to the conflict in Ukraine.
 

Natural Gas

Natural Gas futures for September settled up $.02 or .712% at $2.828. Natural gas prices climbed today, recovering from the eight-month low reached in the prior session. The uptick was fueled by projections for stronger demand over the next two weeks, higher-than-anticipated LNG export activity, and ongoing weather risks, even with production levels near record highs and storage well supplied. Traders also kept an eye on Tropical Storm Erin, which is forecast to intensify into a hurricane and potentially threaten energy infrastructure along the U.S. East Coast. While such storms can interrupt supply, they more often curb demand by shutting LNG terminals and reducing electricity usage, which in turn cuts gas consumption for power generation. Output in the Lower 48 has dipped to 106.7 billion cubic feet per day from the late-July record of 109.7 bcfd, though August’s average still exceeds July’s peak.
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