Coquest

Your Daily Energy Report for December 22, 2025

Posted on 2025-12-22

Crude Oil

Crude Oil futures for February settled up $1.49 or 2.636% at $58.01. Oil prices rose on Monday as fresh geopolitical risks reignited supply concerns across global markets. The recent boarding of the tanker Centuries, which was transporting approximately 2 million barrels of Venezuelan crude, alongside the pursuit of another ship, emphasizes Washington’s aggressive strategy to starve Nicolás Maduro’s administration of capital. While Venezuela possesses the globe's most extensive crude reserves, its shipments, mostly heading toward China, now constitute under 1% of global supply, meaning the current volatility is driven more by risk premiums than actual shortages. Anxieties regarding supply concerns intensified after Ukraine launched a successful drone strike against a Russian “shadow fleet” vessel in the Mediterranean, following a series of incursions against regional energy infrastructure. Even with these various tensions propping up current values, the commodity is still pacing toward an annual decline due to persistent projections of an oversupplied market.

​​​​​Natural Gas

Natural Gas futures for January settled down -$.019 or -.477% at $3.965. Natural gas prices dipped today as the latest weather reports show much warmer conditions than usual for this time of year, which has greatly reduced the need for indoor heating. Since it isn't cold enough to drive up demand, any small gains in price are being quickly wiped out by a lack of active buyers. At the same time, the market is dealing with very high production levels and healthy storage reserves, which keep plenty of fuel available to meet needs. Observers are now waiting to see if prices will slide down toward $3.91, as the overall outlook for natural gas remains weak until a real winter freeze appears.
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