Coquest

Your Daily Energy Report for November 13, 2025

Posted on 2025-11-13

Crude Oil

Crude Oil futures for December settled up $.20 or .342% at $58.69. Oil prices traded up on Thursday, steadying after a 4% drop to a three-week low as fears of an oversupplied market deepened. The International Energy Agency cautioned that global inventories are swelling, with supply expanding faster than demand, and projected sizable surpluses over the next two years. It also revised its long-term view, now expecting oil consumption to keep rising through 2050, signaling a slower energy transition. Meanwhile, OPEC reported that global output exceeded demand in the third quarter, while growing U.S. production and another inventory build from the EIA added to bearish pressure, even as geopolitical risks and sanctions on Russian producers lingered. Traders said the combination of weak fundamentals and mixed signals from major agencies has damped hopes for a near-term, sustained rally.
 

Natural Gas

Natural Gas futures for December settled up $.113 or 2.493% at $4.646. Natural gas prices jumped today, the strongest level since late 2022, as export activity stayed firm and weather models pointed to colder conditions returning in early December. While a short stretch of milder temperatures is expected soon, forecasts indicate that heating demand could rise again once temperatures drop. Shipments of LNG remain robust, with exports from the main U.S. terminals averaging roughly 17.8 bcfd so far this month, surpassing October’s record pace. Domestic output has also stayed elevated, averaging about 109 bcf per day in the Lower 48 states, keeping storage roughly 4% above the five-year norm. Recent data from the EIA showed working gas inventories at 3,915 bcf for the week ending October 31, around 162 bcf above average.
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