Coquest

Your Daily Energy Report for September 9, 2025

Posted on 2025-09-09

Crude Oil

Crude Oil futures for October settled up $.37 or .594% at $62.63. Oil prices climbed on Tuesday, adding to the previous day’s gains, as traders reacted to several geopolitical and supply-side developments. Reports of explosions in Doha, where Israel claimed strikes on senior Hamas leaders, rattled markets and drew attention to Qatar’s delicate position as both a mediator in the conflict and a host to Hamas officials. The event layered fresh uncertainty onto an already bullish backdrop, with OPEC+ surprising markets by announcing only a modest October supply increase of roughly 137,000 barrels per day compared with much larger hikes in recent months. Additional support came from expectations that China will continue to build crude reserves, further tightening supply conditions. At the same time, anxiety over sanctions escalated after Russia launched its largest air assault on Ukraine in months, prompting signals from Washington of tougher measures under consideration.
 

Natural Gas

Natural Gas futures for October settled up $.027 or .874% at $3.117. Natural gas prices inched higher on Tuesday morning, as forecasts pointed to warmer weather across major consuming regions, driving expectations for increased late-season cooling demand. Market support also came from ongoing maintenance at Kinder Morgan’s NGPL compressor station in Liberty County, Texas, which has restricted flows moving east toward Louisiana and sparked short-term supply concerns. Even so, production remains a counterweight to the rally. U.S. dry gas output was measured at 108.1 Bcf/d on Monday, nearly 6% above the same period last year. In addition, the EIA recently boosted its production outlook for both 2025 and 2026, underscoring the longer-term abundance of supply.
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