Coquest

Your Daily Energy Report for September 15, 2025

Posted on 2025-09-15

Crude Oil

Crude Oil futures for October settled up $.61 or .973% at $63.30. Oil prices rose on Monday, as the market was pulled between intensifying Ukrainian drone assaults on Russian fuel infrastructure and outlooks for a global supply glut. Ukraine launched one of its largest strikes yet, sending over 360 drones and sparking a short-lived fire at the Kirishi refinery, which processes about 355,000 barrels per day, following an earlier attack on the Primorsk terminal that exports close to 1 million barrels per day. Geopolitical pressure also rose after U.S. President Donald Trump reiterated his willingness to enforce broad sanctions on Russian crude should NATO partners curtail purchases, a move that could shift global energy trade patterns. At the same time, traders are monitoring U.S.-China negotiations in Madrid, where Washington is urging European allies to impose new tariffs on Chinese products due to Beijing’s continued imports of Russian oil. However, further gains were limited by signs of weakening American demand and forecasts of an oversupplied market as OPEC+ increases output.
 

Natural Gas

Natural Gas futures for October settled up $.102 or 3.468% at $3.043. Natural gas prices moved higher as forecasts point to stronger short-term demand from hotter weather. Analysts at NatGasWeather project that a broad ridge of high pressure will linger over much of the country this week, pushing daytime highs into the 80s and 90s across the interior and Southwest, which should lift cooling needs. However, that demand is expected to drop off heading into the weekend as cooler air brings temperatures in northern regions down into the 60s and 70s. On the supply side, robust dry gas output, holding close to 107 Bcf per day, continues to weigh on market sentiment by ensuring storage builds remain sizable.
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