Coquest

Your Daily Energy Report for September 12, 2025

Posted on 2025-09-12

Crude Oil

Crude Oil futures for October settled up $.32 or .513% at $62.69. Oil prices climbed on Friday after reports that a Ukrainian drone strike disrupted activity at Russia’s Primorsk hub, the country’s top oil export terminal. Shipments from Primorsk and flows toward Ust-Luga were reportedly halted, though independent confirmation is limited. Satellite tracking still showed two vessels docked, and officials indicated a fire on one ship was contained quickly. The incident, one of Kyiv’s most significant strikes, underscored supply concerns. At the same time, the IEA projected stronger global output this year as OPEC+ members ramp up supply, with Saudi crude deliveries to China expected to reach 1.65 million barrels per day in October. Russian export revenues in August were near multi-year lows, and shipments from Kozmino are expected to decline. Market sentiment also drew support from growing expectations of U.S. interest rate cuts following weaker economic data, which could aid consumption, despite a 3.9 million barrel increase in American inventories.
 

Natural Gas

Natural Gas futures for October settled up $.095 or .239% at $2.941. Natural gas prices ended the week little changed, finishing with a net loss after storage data again came in stronger than normal. The latest injection expanded the surplus against the five-year average to 188 Bcf, up from 173 Bcf a week earlier, dampening recent upside momentum. The EIA reported a 71 Bcf build for the week ended September 5, exceeding both the 68 Bcf consensus and the typical 56 Bcf seasonal pace. Near-term consumption remains muted, but weather models are shifting. Vaisala projects hotter conditions returning to the eastern U.S. from September 16–20, with broader nationwide warmth likely to persist into the final week of the month.
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