Coquest

Your Daily Energy Report for August 19, 2025

Posted on 2025-08-19

Crude Oil

Crude Oil futures for September settled down -$1.07 or -1.687% at $62.35. Oil prices fell on Tuesday, with traders reacting to potential progress in diplomatic talks over the conflict in Eastern Europe. Following a meeting in Washington with Ukraine’s president and several European leaders, President Donald Trump said he had spoken with Russia’s Vladimir Putin to begin preparing a direct meeting between him and President Zelensky, with plans for a three-way summit afterward. Zelensky characterized the conversations with Trump as highly constructive, highlighting discussions on Kyiv’s request for American security assurances. Market participants noted that a breakthrough in peace negotiations could pave the way for sanctions on Russian oil exports to be lifted, restoring access to global markets. Crude has already shed more than 10% this month, pressured further by heightened trade frictions and increased output from OPEC and its partners.
 

Natural Gas

Natural Gas futures for September settled down -$.124 or -4.291% at $2.766. Natural gas prices edged lower today as forecasts for cooler conditions and comfortable storage levels weighed on sentiment. Weather continues to dominate trading direction, but recent outlooks show limited heat-driven demand. NatGasWeather noted that while a broad ridge has kept much of the nation hot early this week, temperatures are expected to ease midweek across the Midwest, Northeast, and Ohio Valley, with readings falling into the 60s and 70s. On the supply side, the EIA said inventories grew by 56 Bcf in the week ended August 8, lifting stocks to 3,186 Bcf. That leaves supplies 79 Bcf under year-ago levels but still 196 Bcf higher than the five-year norm, a cushion that continues to temper market concerns.
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