Coquest

Your Daily Energy Report for November 10, 2025

Posted on 2025-11-10

Crude Oil

Crude Oil futures for December settled up $.38 or .636% at $60.13. Oil prices rose on Monday as traders awaited fresh direction from upcoming oil market outlooks by OPEC and the International Energy Agency later this week. Recent price weakness has stemmed from expectations that global output will continue to outpace consumption, with OPEC members gradually unwinding production cuts before pausing increases next quarter. Additional supply from non-OPEC producers, particularly the United States, has reinforced those concerns. At the same time, the market remains focused on the impact of U.S. sanctions targeting Russian energy majors Rosneft and Lukoil, part of Washington’s broader pressure campaign over the war in Ukraine. Major importers like India and China have been adjusting their sourcing strategies, seeking alternative suppliers as restrictions complicate purchases of Russian crude.
 

Natural Gas

Natural Gas futures for December settled up $.023 or .533% at $4.338. Natural gas prices settled higher today, easing from an earlier high of $4.5, but staying close to the strongest levels since March. Prices remain supported by robust export demand and record utilization at LNG terminals, with flows to the eight major facilities averaging 17.4 Bcf per day so far this month, surpassing October’s record pace. Shipments are expected to keep climbing as Europe continues shifting away from Russian gas and Asian buyers lock in long-term U.S. contracts. Domestic production has also been elevated, averaging about 108.7 Bcf per day, pushing storage roughly 4% above seasonal norms. The EIA projects both supply and demand will set new records in 2025 and 2026, driven by rising power demand from data centers and continued LNG growth.
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