Coquest

Your Daily Energy Report for October 27, 2025

Posted on 2025-10-27

Crude Oil

Crude Oil futures for November settled down -$.19 or -.309% at $61.31. Oil prices slipped on Monday as worries about excess global supply overshadowed renewed optimism surrounding U.S.-China trade discussions. Prices initially gained after Treasury Secretary Scott Bessent said Washington and Beijing had outlined a “substantial framework” agreement during talks with Chinese Vice Premier He Lifeng, ahead of a leaders’ meeting later in the week. The negotiations reportedly touched on topics such as tariffs, export rules, agricultural trade, and measures related to fentanyl. Additional price support came from ongoing concerns about Russian output following fresh U.S. sanctions on Rosneft and Lukoil, which together produce roughly half of Russia’s daily crude volume. Still, the International Energy Agency said the market is likely to stay oversupplied, with rising production continuing to outstrip demand growth.
 

Natural Gas

Natural Gas futures for November settled up $.138 or 4.177% at $3.442. Natural gas prices edged higher on Monday, snapping a three-session slide, as forecasts pointed to cooler temperatures and stronger consumption heading into late October. The market also drew support from continued strength in LNG exports. Shipments from the country’s eight major export terminals have averaged about 16.6 bcfd so far this month, up from 15.7 bcfd in September and above the previous record of 16.0 bcfd set in April. On Sunday, daily feedgas deliveries reached a new peak of 17.4 bcfd, with Venture Global’s Plaquemines facility in Louisiana hitting a record 3.9 bcfd. Domestic production has hovered near 108 bcfd in recent days, though October’s average has eased slightly to 107 bcfd from 107.5 bcfd in the prior month.
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