Coquest

Your Daily Energy Report for November 14, 2025

Posted on 2025-11-14

Crude Oil

Crude Oil futures for December settled up $1.40 or 2.385% at $60.09. Oil prices rose on Friday as traders focused on fresh supply threats. Overnight, Ukrainian drones struck facilities at Russia’s Novorossiysk port shortly after Moscow carried out a heavy aerial attack on Kyiv. Market watchers also cautioned that logistical problems could leave a significant portion of Russia’s seaborne crude stuck on vessels as rerouted shipments slow down and offloading delays pile up, conditions made worse by India and China temporarily stepping back from buying Russian barrels. Even with these supportive factors, downside pressure remained. The IEA projected a sizable oversupply, estimating production will outstrip consumption by roughly 2.4 million barrels per day this year and grow to around 4 million next year, even as it still expects long-term demand growth.

​​​​​Natural Gas

Natural Gas futures for December settled down -$.08 or -1.722% at $4.566. Natural gas slid on Friday, giving back gains after hitting their strongest levels since late 2022. The pullback followed an unexpectedly large storage addition reported by federal data, with inventories rising by 45 bcf for the week ending November 7 and total stocks reaching nearly 3.96 tcf, several percent above typical levels for this time of year. Market participants balanced warmer near-term weather expectations against solid export activity and projections for a colder start to December that could lift heating demand. LNG shipments stayed elevated, averaging close to 17.8 bcfd so far this month, up from roughly 16.7 bcfd in October. At the same time, production in the Lower 48 climbed to a new high of about 109 bcfd in November, reinforcing already comfortable storage conditions, which sit roughly 4% above seasonal norms.
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