Coquest

Your Daily Energy Report for September 4, 2025

Posted on 2025-09-04

Crude Oil

Crude Oil futures for October settled down -$.49 or -.766% at $63.48. Oil prices fell on Thursday, extending the previous day’s 2.47% drop, after a surprise increase in U.S. stockpiles fueled concerns about oversupply. Government figures showed commercial inventories rising by 2.4 million barrels in the week ending August 29, far above forecasts and in line with API data, pointing to weaker near-term consumption and excess storage. At the same time, OPEC+ discussions about scaling back production cuts and expanding October output added pressure to an already crowded market. Analysts warned that the combination of rising supply, sluggish refinery demand at the close of the summer driving season, and softer U.S. economic indicators could deepen the risk of a global surplus.
 

Natural Gas

Gas futures for October settled up $.01 or .326% at $3.074. Natural gas prices increased slightly on Thursday. The advance was supported by strong international appetite for U.S. gas, which helped counter the impact of domestic storage figures. Government data showed underground inventories grew by 55 bcf in the final week of August, broadly matching market expectations. Even with healthy stockpiles, outbound LNG flows hit a record 9.33 million tonnes, driven by increased demand from Europe and higher operating capacity as facilities, including Plaquemines, wrapped up maintenance. In a separate update, officials projected U.S. production to peak in 2025 at 91.4 bcf per day. Meanwhile, the Edison Electric Institute said power generation jumped 7.7% year-over-year in the week to August 23, reflecting steady cooling needs.
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