Coquest

Your Daily Energy Report for November 18, 2025

Posted on 2025-11-18

Crude Oil

Crude Oil futures for December settled up $.83 or 1.385% at $60.74. Oil prices rose on Tuesday, with worries about an oversupplied market overshadowing the impending U.S. penalties targeting Russian energy exports. Sentiment remains soft as analysts anticipate a surplus developing later this year and continuing into 2026, fueled by rising production from both OPEC members and other major producers while demand growth tapers off. At the same time, traders are monitoring the upcoming U.S. restrictions on Rosneft and Lukoil, set to kick in on November 21.These measures have already pushed major importers, such as China, India, and Turkey, to pause purchases and look for alternative suppliers. Additional geopolitical flashpoints could introduce volatility as well, including recent export interruptions linked to conflict in Sudan, Iran’s seizure of a tanker in the Gulf last week, and the potential for U.S. military involvement in Venezuela.

​​​​​Natural Gas

Natural Gas futures for December settled up $.01 or .229% at $4.371. Natural gas prices managed to finish slightly in the green, recovering from earlier weakness as some updated forecasts pointed to cooler conditions moving into the start of next month. NatGasWeather noted that, after models had shifted warmer for early December over the weekend and on Monday, the midday EC run reversed course and added several heating degree days, which likely helped spark some buying interest. The firm also pointed out that this week’s storage update should offer additional support, with analysts looking for the first draw of the season after last week’s burst of cold weather. Meanwhile, LNG export activity remains strong at roughly 17.6 bcf per day, and electricity generators in the Lower 48 boosted their gas use by about 6.1% last week, signaling firm power-sector demand.
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