Coquest

Your Daily Energy Report for October 15, 2025

Posted on 2025-10-15

Crude Oil

Crude Oil futures for November settled down -$.43 or -.733% at $58.27. Oil prices declined on Wednesday, marking a second straight day of losses and staying near a five-month low. Ongoing tensions between the U.S. and China, coupled with growing supply worries, continued to pressure the market. The International Energy Agency cautioned that global oil output could outpace demand by as much as 4 million barrels per day by 2026, amplifying concerns about a potential glut. The latest escalation in U.S.–China trade friction —including new port fees and tariff threats —has disrupted shipping routes and added to market uncertainty. Anticipation of another increase in U.S. crude stockpiles has also fueled bearish sentiment, which would mark a third straight weekly build if confirmed. Market participants are now focused on upcoming U.S. inventory data for clues on consumption trends, as traders assess the impact of returning OPEC+ supply.
 

Natural Gas

Natural Gas futures for November settled down -$.012 or -.396% at $3.016. Natural gas prices extended losses today, pressured by mild weather patterns and ample supply conditions. Forecasts continue to call for warmer-than-usual temperatures across much of the country through late October, curbing seasonal heating demand. Weather is expected to be above-normal readings over the eastern U.S. between October 19 and 23, keeping a lid on price strength during this typically slow demand period. On the production side, output remains elevated as the EIA recently lifted its 2025 production outlook by 0.5% to 107.14 billion cubic feet per day. LNG exports continue to provide some balance, with gas deliveries to U.S. export facilities climbing to 16.2 bcfd on Tuesday, up nearly 8% from the prior week, helping to offset part of the domestic surplus.
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