Coquest

Your Daily Energy Report for September 5, 2025

Posted on 2025-09-05

Crude Oil

Crude Oil futures for October settled down -$.49 or -.766% at $63.48. Oil prices slipped on Friday, marking their first weekly decline in three weeks. The move lower came after U.S. stockpiles unexpectedly rose by 2.4 million barrels and ahead of this weekend’s OPEC+ gathering, where fresh output hikes are set to be discussed. Reports suggest Saudi Arabia is pushing for more supply to claw back lost market share, a shift that could undo part of the existing 1.65 million bpd reduction. At the same time, market sentiment remains pressured by U.S. actions against Russian crude buyers and newly announced tariffs on Indian imports. Additional headwinds include anticipated production growth from Brazil and Guyana, alongside worries about weaker U.S. economic momentum weighing on consumption. Taken together, concerns over oversupply, geopolitics, and slowing demand continue to keep oil prices under strain.
 

Natural Gas

Natural Gas futures for October settled down -$.026 or -.846% at $3.048. Natural gas prices eased down today after briefly touching a four-week high earlier in the day, moving lower in step with other energy markets as weak U.S. jobs data clouded demand prospects. Even with the session’s dip, strong global appetite has helped keep prices above August levels. LNG shipments from American terminals hit a record 9.33 million tonnes, supported by European purchases and the return of additional liquefaction capacity at Plaquemines following maintenance. At the same time, the EIA projected domestic output to hit a fresh high in 2025 at 91.4 bcf per day. The agency also reported that storage inventories rose by 55 bcf in the final week of August, consistent with market expectations.
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