Coquest

Your Daily Energy Report for October 13, 2025

Posted on 2025-10-13

Crude Oil

Crude Oil futures for November settled up $.59 or 1.002% at $59.49. Oil prices rose on Monday, recovering from a five-month trough as optimism over a potential thaw in U.S.–China relations improved market mood. The rebound came after comments from President Donald Trump and Vice President JD Vance, who took a more conciliatory approach toward Beijing following last week’s rollout of 100% tariffs and tighter export restrictions. Trump noted that relations with China could still “be fine,” though the tariff plans set for November 1 remain unchanged. He also signaled possible approval to send Ukraine long-range Tomahawk missiles, a move that could raise concerns about supply risks among OPEC+ producers. Still, gains were tempered by growing output, with OPEC and its allies increasing production by roughly 630,000 barrels per day in September, stoking worries about an oversupplied market.
 

Natural Gas

Natural Gas futures for November settled up $.012 or .386% at $3.118. Natural gas prices increased today, staying close to a three-week low as comfortable weather and healthy inventories reduced worries about supply constraints. Forecasts pointed to warmer-than-usual temperatures lasting through most of October, suggesting limited heating demand until possibly the month’s final week, according to NatGasWeather. Data from LSEG showed output from the Lower 48 states averaging about 106.4 billion cubic feet per day in October, down slightly from 107.4 bcfd in September and below the August peak of 108.0 bcfd. Earlier strong production helped boost storage injections, keeping inventories roughly 4% above the seasonal norm. On the export side, LNG shipments continued to underpin demand, with average feedgas deliveries to liquefaction facilities rising to 16.3 bcfd.
​​​​
Continue reading the full Coquest Daily Report.

---