To help keep our clients ahead of the curve when it comes to their energy initiatives, CES publishes a weekly market newsletter which discusses key energy events, provides market analysis, and delivers a practical summary of current market conditions.
Brent closed at $66.47 per barrel last week, up 3.6% week-over-week. WTI rose 6.2% week-over-week to $64.58 per barrel. U.S. and Chinese officials are set to meet in London today to discuss a potential trade deal between the two nations. The NYMEX prompt month increased $0.34/MMBtu week-over-week to $3.78/MMBtu. The rolling 12-month strip increased $0.29/MMBtu week-over-week to $4.25/MMBtu, a 7.2% increase. The increased consumption of natural gas by the power sector, driven by summer cooling demand, is exerting upward pressure on prices. The NEPOOL 12-month electricity strip increased 1.85% week-over-week to $65.90/MWh. The 2026 calendar strip rose, while the 2027 and 2028 calendar year strips experienced minimal movement.
1.2% week-over-week to $60.79 per barrel. On Saturday, OPEC+ confirmed its decision to increase production levels by 411,000 barrels per day in July. The NYMEX prompt month increased $0.11/MMBtu week-over-week to $3.45/MMBtu. The rolling 12-month strip decreased $0.14/MMBtu week-over-week to $3.97/MMBtu, a 3.5% drop. Shoulder season weather and high production continue to exert downward pressure on prices, but the approach of warmer months could reverse this trend. The NEPOOL 12-month electricity strip decreased 2.67% week-over-week to $64.11/MWh. The 2026 calendar strip declined, while the 2027 and 2028 calendar year strips experienced minimal movement.
Brent closed at $64.78 per barrel last week, down 1.0% week-over-week. WTI fell 1.5% week-over-week to $61.53 per barrel. OPEC+ is considering a production increase for the month of July. The NYMEX prompt month experienced no movement week-over-week, staying at $3.33/MMBtu. The rolling 12-month strip increased $0.01/MMBtu week-over-week to $4.11/MMBtu, a 0.4% climb. Shoulder season weather and high production continue to exert downward pressure on prices, but the approach of warmer months could reverse this trend. The NEPOOL 12-month electricity strip increased 0.51% week-over-week to $65.87/MWh. The 2026, 2027, and 2028 calendar year strips all increased week-over-week.
Brent closed at $65.41 per barrel last week, up 2.3% week-over-week. WTI rose 2.4% week-over-week to $62.49 per barrel. Prices climbed last week as the 90-day pause of U.S.- China tariffs went into effect on Monday, May 12th. The NYMEX prompt month dropped by $0.46/MMBtu week-over-week to $3.33/MMBtu, a 12.1% decrease. The rolling 12-month strip decreased $0.25/MMBtu week-over-week to $4.10/MMBtu, a 5.8% decline. Shoulder season weather continues to exert downward pressure on prices, but approaching warmer months could reverse this trend. The NEPOOL 12-month electricity strip decreased 2.7% week-over-week to $65.54/MWh. The 2026, 2027 and 2028 calendar year strips all saw small week-over-week changes.
Brent closed at $63.91 per barrel last week, up 4.3% week-over-week. WTI rose 4.7% week-over-week to $61.02 per barrel. The U.S. and China announced a 90-day pause on tariffs, with U.S. tariffs on Chinese imports dropping from 145% to 30%, and Chinese tariffs on U.S. imports going from 125% to 10%. The NYMEX prompt month rose by $0.17 week-over-week to $3.80/MMBtu, a 4.5% increase. The rolling 12-month strip increased $0.08 week-over-week to $4.35/MMBtu, a 2.0% rise. Warm weather and high cooling demand put upward pressure on demand from the electricity generation sector. The NEPOOL 12-month electricity strip increased 2.46% week-over-week to $67.36/MWh. The 2026, 2027 and 2028 calendar year strips all increased in price week-over-week.
Brent closed at $61.29 per barrel last week, down 8.3% week-over-week. WTI fell 7.5% week-over-week to $58.29 per barrel. OPEC+ decided over the weekend to increase output despite demand uncertainty. The NYMEX prompt month rose by $0.69 week-over-week to $3.63/MMBtu, a 23.6% increase. The rolling 12-month strip increased $0.54 week-over-week to $4.26/MMBtu, a 14.4% rise. Warmer weather increased demand from the electricity generation sector to meet cooling demand. The NEPOOL 12-month electricity strip increased 5.05% week-over-week to $65.75/MWh. The 2026, 2027 and 2028 calendar year strips all increased in price week-over-week.
Brent closed at $66.87 per barrel last week, down 1.6% week-over-week. WTI fell 2.6% week-over-week to $63.02 per barrel. Investors have received conflicting signals on the potential de-escalation of the U.S.-China trade war. The NYMEX prompt month fell by $0.31 week-over-week to $2.94/MMBtu, a 9.5% decrease. The rolling 12-month strip dropped $0.21 week-over-week to $3.73/MMBtu, a 5.3% fall. Warmer weather across the United States caused significantly lower heating demand from the commercial and residential sectors. The NEPOOL 12-month electricity strip decreased 1.20% week-over-week to $62.59/MWh. The 2026, 2027 and 2028 calendar year strips all increased marginally in price week-over-week.
Brent closed at $67.96 per barrel last week, up 4.9% week-over-week. WTI rose 5.2% week-over-week to $64.68 per barrel. Last Wednesday, Trump issued a further round of sanctions targeting Chinese importers of Iranian oil. The NYMEX prompt month fell by $0.28 week-over-week to $3.25/MMBtu, an 8.0% decrease. The rolling 12-month strip dropped $0.11 week-over-week to $3.94/MMBtu, a 2.7% fall. Colder weather raised United States demand for natural gas week over week. 2024 saw relatively flat year-over-year production of natural gas. The NEPOOL 12-month electricity strip was up 0.66% week-over-week to $63.35/MWh. The 2026, 2027 and 2028 calendar year strips all increased in price week-over-week.
Brent closed at $64.76 per barrel last week, down 1.3% week-over-week. WTI fell 0.8% week-over-week to $61.50 per barrel. Oil prices rose last week after Trump announced a 90-day pause from his latest round of tariffs. The NYMEX prompt month fell by $0.31 week-over-week to $3.53/MMBtu, an 8.1 % decrease. The rolling 12-month strip dropped $0.28 week-over-week to $4.04/MMBtu, a 6.4 % fall. Colder weather raised United States demand for natural gas week over week. The NEPOOL 12-month electricity strip was down 5.33% week-over-week to $63.21/MWh. The 2026, 2027 and 2028 calendar year strips all decreased in price week-over-week.
Brent closed at $65.58 per barrel last week, down 10.9% week-over-week. WTI fell 10.6% week-over-week to $61.99 per barrel. Last Wednesday, President Trump announced reciprocal tariffs on trading partners. The NYMEX prompt month fell by $0.23 week-over-week to $3.84/MMBtu, a 5.6% decrease. The rolling 12-month strip dropped $0.23 week-over-week to $4.32/MMBtu, a 5.0 % fall. As spring brings warmer temperatures across the United States, U.S. natural gas consumption has decreased, driven primarily by lower heating demand from the residential and commercial sector. The NEPOOL 12-month electricity strip was down 2.80% week-over-week to $66.77/MWh. The 2026, 2027 and 2028 calendar year strips all decreased in price week-over-week.
Brent closed at $73.63 per barrel last week, up 2.0% week-over-week. WTI rose 1.6% week-over-week to $69.36 per barrel. Last Monday, President Trump announced the U.S. would impose 25% import tariffs on buyers of Venezuelan crude. The NYMEX prompt month rose by $0.09 week-over-week to $4.07/MMBtu, a 2.1% increase. The rolling 12-month strip dropped $0.04 week-over-week to $4.55/MMBtu, a 0.9% fall. The United States is at the tail end of the traditional withdrawal season. We expect more significant injections into U.S. storage levels as we go into April. The NEPOOL 12-month electricity strip was down 1.65% week-over-week to $68.70/MWh. The 2026, 2027 and 2028 calendar year strips all decreased in price week-over-week.
Brent closed at $72.16 per barrel last week, up 2.2% week-over-week. WTI rose 1.6% week-over-week to $68.28 per barrel. The U.S. issued new Iran-related sanctions last Thursday, targeting systems involved in the supply of Iranian oil to China, including an independent Chinese refiner. The NYMEX prompt month fell by $0.12 week-over-week to $3.98/MMBtu, a 3.0% decrease. The rolling 12-month strip dropped $0.10 week-over-week to $4.59/MMBtu, a 2.0% fall. Warmer weather across the United States has decreased demand for natural gas in the residential and commercial sectors. The United States is approaching the end of the withdrawal season. The NEPOOL 12-month electricity strip was down 1.49% week-over-week to $69.85/MWh. The 2026 and 2027 calendar year strips increased while the 2028 strips decreased in price week-over-week.
Brent closed at $70.58 per barrel last week, up 0.3% week-over-week. WTI rose 0.2% week-over-week to $67.18 per barrel. Late last week, the EIA gave notice that global oil supply could outweigh demand by 600,000 barrels per day this year. The NYMEX prompt month fell by $0.30 week-over-week to $4.10/MMBtu, a 6.7% decrease. The rolling 12-month strip dropped $0.15 week-over-week to $4.68/MMBtu, a 3.2% fall. Warmer weather across the United States has decreased demand for natural gas in the residential and commercial sectors. The United States is approaching the end of the withdrawal season. The NEPOOL 12-month electricity strip was down 2.73% week-over-week to $70.91/MWh. The 2026, 2027 and 2028 calendar year strips all decreased in price week-over-week.
Sign up with your email address to receive news and updates about energy markets.
