Coquest

Your Daily Energy Report for September 23, 2025

Posted on 2025-09-23

Crude Oil

Crude Oil futures for November settled up $1.13 or 1.814% at $63.41. Oil prices rebounded on Tuesday after four consecutive down days, as geopolitical tensions and stalled negotiations on supply outweighed worries about oversupply. Concerns over energy security grew after NATO pledged a firm response to Russian violations of European airspace and Ukraine carried out drone attacks on Russian energy infrastructure. At the same time, exports from northern Iraq remain suspended, keeping about 230,000 barrels per day off the market and adding support to prices. Even with the bounce, the broader outlook is capped by rising production from both OPEC+ members and outside producers, slowing demand growth, and the gradual impact of electric vehicle adoption. Traders remain focused on upcoming inventory data, the possibility of fresh sanctions on Russian crude, and developments in the Middle East that could sway supply risks.
 

Natural Gas

Natural Gas futures for October settled up $.047 or 1.675% at $2.853. Natural gas prices ended their losing streak on Tuesday, posting their first gain in five sessions as reduced output and the pending October contract expiry supported the market. With November trading at a premium, the contract roll is expected to add upward pressure later this week. Prices had opened lower and remained under stress in recent days on evidence of strong supply, with inventories as of September 12 sitting 6.3% above the five-year norm. Weather models added some support, with Atmospheric G2 lifting temperature forecasts for late September into early October across the central and northern U.S., a shift that could spur additional cooling needs. NatGasWeather is also highlighting highs in the upper 80s to 90s across the South, though overall consumption is still muted and considered “low”.
​​​​
Continue reading the full Coquest Daily Report.

---