Coquest

Your Daily Energy Report for September 16, 2025

Posted on 2025-09-16

Crude Oil

Crude Oil futures for October settled up $1.22 or 1.927% at $64.52. Oil prices climbed on Tuesday, continuing their upward momentum amid ongoing disruptions tied to Russia. Overnight, Ukraine carried out another strike on a refinery as part of its broader campaign against Moscow’s fuel facilities, including the key Primorsk terminal. Analysts at Goldman Sachs estimate that these attacks have sidelined roughly 300,000 barrels per day of Russian refining capacity since August. At the same time, Reuters noted that pipeline companies are restricting storage availability, worsening supply constraints. In Europe, policymakers are weighing additional sanctions that could target firms in India and China involved in facilitating Russian oil flows. On the economic side, markets are focused on the upcoming Federal Reserve meeting, where a quarter-point rate cut is widely anticipated—a move that would likely bolster U.S. growth prospects and energy consumption.
 

Natural Gas

Natural Gas futures for October settled up $.06 or 1.972% at $3.103. Natural gas prices pushed up today, marking a one-week high, as output edged lower. Average production from the Lower 48 states has dipped to about 107.4 bcfd so far in September, compared with August’s peak near 108.3. A sharper drop to roughly 105.1 bcfd is anticipated Tuesday, reflecting pipeline maintenance and weaker volumes in Texas, West Virginia, and Pennsylvania. However, the rally was capped by tepid consumption outlooks, healthy storage levels, and flat LNG activity. Underground stocks remain about 6% above the seasonal norm, with additional injections on the way. Meanwhile, LNG feedgas deliveries have eased to 15.6 bcfd this month versus 15.8 in August, and Berkshire Hathaway’s Cove Point terminal will undergo a scheduled month-long maintenance outage.
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