Coquest

Your Daily Energy Report for September 25, 2025

Posted on 2025-09-25

Crude Oil

Crude Oil futures for November settled down -$.01 or -.015% at $64.98. Oil prices ended mostly flat on Thursday as traders locked in gains following a rally to the highest level in three weeks. The prior surge had been fueled by official figures showing an unexpected reduction in domestic stockpiles, countering forecasts for a build. That surprise reinforced supply anxieties already heightened by escalating Ukrainian drone attacks on Russian energy assets, which have tightened fuel availability and raised the risk of export limits. The market also drew strength from the ongoing halt of Kurdish shipments amid unresolved financial disputes, as well as NATO’s firm stance on recent airspace violations by Russia. Even so, with seasonal consumption tapering off, worries about excess supply linger, though analysts point out that worldwide demand grow this largely tracking forecasts despite falling a bit short of earlier estimates.
 

Natural Gas

Natural Gas futures for October settled up $.046 or 1.61% at $2.904. Natural gas prices rose today, reaching their highest point in a week and extending gains for a third straight session. The move was supported by signs of tighter supply, as Lower 48 output so far in September has eased to 107.4 bcfd compared with August’s record 108.3 bcfd. The latest EIA report showed a 75 bcf storage addition for the week ended Sept. 19, broadly in line with market expectations. Weather projections continue to indicate above-seasonal heat lasting into early October. LNG intake averaged 15.7 bcfd this month, marginally below August levels. At the same time, regional spot prices at hubs such as Waha in Texas and AECO in Alberta stayed under pressure, even turning negative at times, due to pipeline congestion and scheduled maintenance despite the broader price rally
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