Coquest

Your Daily Energy Report for October 14, 2025

Posted on 2025-10-14

Crude Oil

Crude Oil futures for November settled down -$.79 or -1.328% at $58.70. Oil prices slipped on Tuesday, trimming losses after briefly touching its lowest level in five months. Market sentiment remained cautious as renewed friction between the U.S. and China, along with a downbeat assessment from the International Energy Agency, pressured prices. China announced penalties on five U.S.-affiliated divisions of South Korea’s Hanwha Ocean and signaled that additional countermeasures could follow Washington’s latest trade actions, adding to global uncertainty. Meanwhile, the IEA projected a record oil surplus approaching 4 million barrels per day by 2026 —an 18% increase from its prior estimate —driven by rising OPEC+ output and resilient non-OPEC supply. The agency also revised down its demand outlook, citing weaker global growth prospects, while several industry leaders suggested that consumption of gasoline and diesel may have already reached its peak.
 

Natural Gas

Natural Gas futures for November settled down -$.09 or -2.886% at $3.028. Natural gas prices ended lower today as forecasts indicated subdued demand through the rest of October, with mild weather continuing to limit consumption. NatGasWeather noted that between October 13 and 19, only brief cooling is expected in parts of the West and Northeast, while much of the country —including Texas —should stay unseasonably warm. Production outlooks remain strong, with marketed output projected to surpass 118 billion cubic feet per day by 2026, supported by robust growth from Appalachia, the Permian Basin, and Haynesville. New infrastructure such as the Mountain Valley Pipeline is also boosting takeaway capacity in the Northeast, allowing more gas to reach markets. While current output is slightly under its recent 30-day average, it remains historically high.
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