Coquest

Your Daily Energy Report for August 20, 2025

Posted on 2025-08-20

Crude Oil

Crude Oil futures for September settled up $.86 or 1.379% at $63.21. Oil prices rose on Wednesday after government data pointed to a sizable 6 million-barrel draw in domestic crude supplies. The headline decline lent some support to prices, though stockpiles at Cushing, OK continued to climb for a seventh straight week, reaching 23.5 million barrels amid rising flows from the Permian. Markets also kept an eye on diplomatic efforts aimed at a ceasefire between Russia and Ukraine, as any easing of restrictions on Moscow’s exports could shift trade dynamics. Some Russian barrels have recently moved into India, prompting criticism from Washington and sparking renewed tariff discussions. While the inventory report gave the market a short-term lift, analysts cautioned that the broader outlook remains soft with OPEC+ output set to expand and demand concerns lingering. Futures are still more than 10% lower year-to-date, underscoring the unsettled market backdrop.
 

Natural Gas

Natural Gas futures for September settled down -$.014 or -.506% at $2.752. Natural gas prices continued their fall today, as the market approached late summer, with buyers showing little conviction. Forecast updates pointed to cooling conditions midweek after an early heat ridge, particularly across the Midwest, Northeast, and Ohio Valley—limiting weather-driven demand. On the supply side, U.S. output remains close to record highs, and production continues to outpace seasonal power burn requirements. Further pressure came from the electricity sector, where the Edison Electric Institute reported power generation down 1.9% from the same week a year ago, highlighting weaker consumption trends.
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