Coquest

Your Daily Energy Report for September 18, 2025

Posted on 2025-09-18

Crude Oil

Crude Oil futures for October settled down -$.48 or -.749% at $63.57. Oil prices dropped on Thursday, adding to the prior day’s decline as traders weighed U.S. inventory figures alongside the latest monetary policy move. Government data showed a 9.3 million barrel draw in domestic crude supplies, largely tied to higher exports, though distillate stocks reached their strongest level since January, tempering the bullish impact. The Federal Reserve delivered the widely expected quarter-point rate cut and suggested more easing could follow to cushion a slowing labor market. While looser policy may support future fuel consumption, it also raises concerns about underlying economic momentum in one of the world’s top oil-consuming nations. On the demand side, global usage averaged about 104.4 million barrels per day through mid-September, a modest gain from last year but slightly trailing projections from JPMorgan.
 

Natural Gas

Natural Gas futures for October settled down -$.161 or -5.194% at $2.939. Natural gas prices slid today after government data showed storage rose more than anticipated. For the week ending September 12, stockpiles expanded by 90 bcf, above expectations of 81 bcf, and well above both last year’s 56 bcf and the five-year norm of 74 bcf. Moderate temperatures reduced demand for both air conditioning and heating, leaving more supply available for injection. Liquefied natural gas exports also edged lower, with shipments from the country’s eight major terminals averaging 15.7 bcf per day so far this month versus 15.8 bcf in August. Meanwhile, production from the Lower 48 has averaged 107.4 bcf per day in September, slightly below August’s record-setting 108.3 bcf.
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