Coquest

Your Daily Energy Report for January 12, 2026

Posted on 2026-01-12

Crude Oil

Crude Oil futures for February settled up $.38 or .643% at $59.50. Oil prices rose on Monday as the market pivoted toward deepening instability in Iran. Growing domestic protests are raising the specter of serious supply shocks, specifically threatening the nation's 3.3 million barrels-per-day production capacity. President Donald Trump has signaled he is evaluating "strong options" to address the Iranian crisis, which keeps the potential for worker strikes or infrastructure attacks at the forefront of trader concerns. These geopolitical jitters largely neutralized the bearish pressure from Venezuela, where a transition toward resuming exports is being prepared in the wake of significant political upheaval in Caracas. Market volatility is further underpinned by potential OPEC+ flow disruptions involving Russia and Azerbaijan, as sanctions and regional shifts continue to complicate the global supply map.

​​​​​Natural Gas

Natural Gas futures for February settled up $.24 or 7.573% at $3.409. Natural gas prices jumped today, driven by revised weather forecasts that now predict a transition to colder conditions in major consuming regions, a shift likely to bolster flagging heating demand. On the supply side, domestic production has moderated to 109.2 bcfd, while LNG exports continue to act as a structural pillar, holding steady at a record-adjacent 18.5 bcfd throughout January. Adding to the bullish sentiment, the latest storage report documented a 114 bcf pull, which significantly outpaced both the prior year's draw and the five-year average. Although current consumption remains temporarily subdued, the market is aggressively pricing in the expected arrival of freezing temperatures alongside these tightened physical balances.
​​​​
Continue reading the full Coquest Daily Report.

---