Coquest

Your Daily Energy Report for September 22, 2025

Posted on 2025-09-22

Crude Oil

Crude Oil futures for October settled down -$.04 or -.064% at $62.64. Oil prices swung lower on Monday, as investors balanced geopolitical risks with worries about trade disputes and weakening global consumption. Over the weekend, tensions escalated with reports of Russian strikes in western Ukraine close to the Polish border, incursions into Estonian airspace, and a Russian aircraft entering neutral Baltic skies, all of which raised fears of further instability in the region. On Friday, the EU announced its 19th sanctions package against Moscow, which included a halt to LNG purchases and new restrictions targeting over a hundred additional shadow fleet tankers. In the Middle East, political uncertainty also lingered after multiple nations officially recognized Palestine ahead of a UN summit on the proposed two-state framework, a step opposed by both Washington and Tel Aviv.
 

Natural Gas

Natural Gas futures for October settled down -$.082 or -2.839% at $2.806. Natural gas prices extended their losing streak into a fourth session, weighed down by mild weather outlooks and storage levels that remain comfortably above norms. Sentiment continues to lean bearish as supply data stays heavy. The EIA reported a 90 Bcf storage build for the week ending September 12, topping both the market’s 81 Bcf expectation and the five-year average of 74 Bcf. After a stretch of late-summer heat that had bolstered power sector consumption, forecasts are shifting cooler. Atmospheric G2 projects below-normal temperatures across key regions starting September 24, which would reduce cooling demand and ease gas burn from electricity producers. Nationwide consumption fell to 73.1 Bcf/day last Friday, about 4.6% lower than a year earlier.
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