Coquest

Your Daily Energy Report for August 21, 2025

Posted on 2025-08-21

Crude Oil

Crude Oil futures for October settled up $.81 or 1.292% at $63.52. Oil prices increased on Thursday with support coming from indications of solid U.S. consumption and continued uncertainty around peace efforts in Eastern Europe. The market was lifted by a larger-than-expected 6-million-barrel decline in domestic crude inventories, although the ongoing build at Cushing raised questions about the true strength of demand. Geopolitical risk remained a factor, as Moscow dismissed negotiations that excluded Russia, while Washington unveiled new tariffs on Indian goods tied to its dependence on Russian oil. Speculation over tighter restrictions on Russian exports added to the bullish tone. Traders also looked ahead to Federal Reserve Chair Jerome Powell’s speech at Jackson Hole for potential guidance on monetary policy and its implications for energy demand.
 

Natural Gas

Natural Gas futures for September settled up $.074 or 2.689% at $2.826. Natural gas prices climbed today, recovering from a nine-month low as tighter supply conditions and stronger export demand provided support. Output is projected to fall by about 3.6 bcfd to 106.4 bcfd, the lowest in six weeks, after peaking near 109.8 bcfd at the end of July. Meanwhile, feedgas deliveries to LNG facilities have averaged 15.8 bcfd this month, slightly above July’s 15.5 bcfd pace. On the storage side, the EIA reported a 13 bcf build for the week ending August 15, well below both forecasts of 22 bcf and the five-year norm of 35 bcf, leaving inventories still 5.8% higher than seasonal averages. Looking forward, temperature outlooks suggest near-normal conditions into early September, limiting prospects for unusual demand swings.
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