Coquest

Your Daily Energy Report for March 25, 2025

Posted on 2025-03-25

Crude Oil

Crude Oil futures for May settled down -$.11 or -.159% at $69.00. Oil prices fell slightly on Tuesday. Analysts observed a delicate balance between global supply constraints and economic unpredictability. The market response was cautious following President Trump's announcement of a 25% tariff on Venezuelan oil purchasers, potentially disrupting flows to major refiners in China, India, and Spain. Amid broader trade tensions and swift policy shifts, uncertainty persisted among investors. Looking ahead, OPEC+ plans to boost production in May, while US sanctions on Iran and Chevron's withdrawal from Venezuela could further restrict supply. Tensions surrounding Russian oil exports from Ukraine-Russia ceasefire negotiations and impending US tariff decisions added to market jitters.
 

Natural Gas

Natural Gas futures for April settled down -$.074 or-1.891% at $3.840. Natural gas prices slipped today, reaching their lowest level in over three weeks as record-high production and forecasts for milder temperatures weighed on the market. Even with the anticipated restart of the Freeport LNG export facility in Texas, prices fell due to expectations of reduced demand in the near term. While gas storage levels are set to increase in March for only the second time on record, they remain about 8% below average following significant winter withdrawals. Industry data indicated that U.S. gas output climbed to 106.0 bcfd in March, surpassing February’s all-time high of 105.1 bcfd, while consumption is projected to ease next week. At the same time, the U.S. retained its status as the world’s leading LNG exporter, ahead of Australia and Qatar, as global demand for American exports remained strong.
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