Coquest

Your Daily Energy Report for October 24, 2025

Posted on 2025-10-24

Crude Oil

Crude Oil futures for November settled down -$.29 or -.469% at $61.50. Oil prices fell slightly on Friday, but heading for the biggest weekly advance since early summer. The rally earlier this week followed fresh U.S. restrictions on key Russian energy companies, which reignited worries about global supply. Washington placed Rosneft and Lukoil on a new sanctions list in an effort to tighten economic pressure on Moscow. Together, the two firms represent a large share of Russia’s crude exports and are central to government revenues. After the announcement, reports suggested that Chinese state refiners paused seaborne purchases of Russian crude, while Indian buyers prepared to scale back imports to remain compliant. At the same time, the EU introduced new measures against Russia’s energy infrastructure, as Ukrainian attacks on refineries, pipelines, and export facilities continued, including a reported strike on a Rosneft refinery the previous day.
 

Natural Gas

Natural Gas futures for November settled down -$.04 or -1.196% at $3.304. Natural gas prices moved lower early Friday, weighed down by a bearish storage update and continued high output levels. The latest government data showed an 87 bcf increase in inventories for the week ending October 17, topping both the market forecast of 83 bcf and the five-year norm of 77 bcf. Production remains exceptionally strong, with Lower-48 dry gas output reaching around 107.9 bcf per day on Thursday, roughly 5% higher than a year earlier, based on BloombergNEF figures. The EIA also nudged up its 2025 production outlook by 0.5% to 107.14 bcf per day, reflecting continued robustness in supply. On the demand side, power generation provided limited support, as data from the Edison Electric Institute showed a 4% year-over-year rise in U.S. electricity output for the week.
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