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 $65.85 per barrel last week, down 1.1% week-over-week. WTI fell 1.7% week-over-week to $62.80 per barrel. A new forecast from the U.S. Energy Information Administration (EIA) anticipates global crude oil prices will decrease significantly in the coming months. The NYMEX prompt month decreased $0.07/MMBtu week-over-week to $2.92/MMBtu. The rolling 12-month strip also decreased $0.08/MMBtu week-over-week to $3.61/MMBtu. Net storage injections totaled 56 Bcf for the week ending August 8. The NEPOOL 12-month electricity strip decreased by 1.76% week-over-week to $65.40/MWh. The 2026, 2027, and 2028 calendar strips all relatively small movement week-over-week.
Brent closed at $66.59 per barrel last week, down 9.1% week-over-week. WTI fell 5.1% week-over-week to $63.88 per barrel. President Trump has been increasing pressure on Russia to end the war with Ukraine and recently announced secondary sanctions on India as a main importer of Russian oil. The NYMEX prompt month decreased $0.09/MMBtu week-over-week to $2.99/MMBtu. The rolling 12-month strip also decreased $0.09/MMBtu week-over-week to $3.69/MMBtu. Net storage injections totaled 7 Bcf for the week ending August 1. The NEPOOL 12-month electricity strip decreased by 0.67% week-over-week to $66.57/MWh. The 2026, 2027, and 2028 calendar strips all experienced small price drops.
Brent closed at $73.24 per barrel last week, up 7% week-over-week. WTI rose 3.3% week-over-week to $67.33 per barrel. Yesterday, OPEC+ announced another large output increase for September. The NYMEX prompt month decreased $0.03/MMBtu week-over-week to $3.08/MMBtu. The rolling 12-month strip increased $0.04/MMBtu week-over-week to $3.78/MMBtu. Net storage injections totaled 48 Bcf for the week ending July 25. The NEPOOL 12-month electricity strip increased by 2.36% week-over-week to $67.02/MWh. The 2026, 2027, and 2028 calendar strips all experienced price increases.
Brent closed at $68.44 per barrel last week, down 1.2% week-over-week. WTI fell 3.2% week-over-week to $65.16 per barrel. The Trump administration plans to allow Chevron to resume oil production in Venezuela after revoking licenses back in May. The NYMEX prompt month decreased $0.46/MMBtu week-over-week to $3.11/MMBtu. The rolling 12-month strip decreased $0.34/MMBtu week-over-week to $3.74/MMBtu. Net storage injections totaled 23 Bcf for the week ending July 18. The NEPOOL 12-month electricity strip decreased by 4.19% week-over-week to $65.48/MWh. The 2026, 2027, and 2028 calendar strips all experienced price drops.
Brent closed at $69.26 per barrel last week, down 1.5% week-over-week. WTI fell 1.6% week-over-week to $67.34 per barrel. Last Friday, the European Union passed more sanctions against Russia, including a lower price cap on Russian crude oil. The NYMEX prompt month increased $0.25/MMBtu week-over-week to $3.57/MMBtu. The rolling 12-month strip increased $0.09/MMBtu week-over-week to $4.08/MMBtu. Net storage injections totaled 46 Bcf for the week ending July 11. The NEPOOL 12-month electricity strip increased by 1.63% week-over-week to $68.34/MWh. The 2026, 2027, and 2028 calendar strips all experienced price increases.
Brent closed at $70.36 per barrel last week, up 2.3% week-over-week. WTI rose 2.2% week-over-week to $68.45 per barrel. The global oil market is showing signs of tightening supplies with high crude imports to China and potential U.S. sanctions on Russia. The NYMEX prompt month decreased $0.09/MMBtu week-over-week to $3.31/MMBtu. The rolling 12-month strip increased $0.03/MMBtu week-over-week to $3.99/MMBtu. Net storage injections totaled 53 Bcf for the week ending July 4. The NEPOOL 12-month electricity strip increased by 2.26% week-over-week to $67.25/MWh. The 2026, 2027, and 2028 calendar strips all experienced price increases.
Brent closed at $68.80 per barrel last week, up 1.5% week-over-week. WTI rose 2.3% week-over-week to $67.00 per barrel. On Saturday, OPEC+ agreed to raise production for August by 548,000 barrels per day. The NYMEX prompt month decreased $0.33/MMBtu week-over-week to $3.41/MMBtu. The rolling 12-month strip decreased $0.28/MMBtu week-over-week to $3.96/MMBtu. Net storage injections totaled 55 Bcf for the week ending June 27. The NEPOOL 12-month electricity strip decreased marginally by 0.59% week-over-week to $65.76/MWh. The 2026, 2027 and 2028 calendar strips all experienced minimal declines in price.
Brent closed at $67.77 per barrel last week, down 12% week-over-week. WTI fell 12.6% week-over-week to $65.52 per barrel. Analysts continue to monitor geopolitical volatility in the Middle East for possible implications on crude oil prices. The NYMEX prompt month decreased $0.11/MMBtu week-over-week to $3.74/MMBtu. The rolling 12-month strip decreased $0.06/MMBtu week-over-week to $4.24/MMBtu. Net storage injections totaled 96 Bcf for the week ending June 20. Near-term electricity prices rose in response to a heat wave early last week, with demand peaking at 25,987 MW on Tuesday, June 24. The 12-month rolling strip fell week-over-week as calendar strips experienced small fluctuations.
Brent closed at $77.01 per barrel last week, up 3.7% week-over-week. WTI rose 2.7% week-over-week to $74.93 per barrel. Oil prices increased after the U.S. bombed Iran’s main nuclear sites over the weekend. The NYMEX prompt month increased by $0.27/MMBtu week-over-week to $3.85/MMBtu. The rolling 12-month strip increased by $0.20/MMBtu week-over-week to $4.30/MMBtu, a 5.0% jump. Net storage injections totaled 95 Bcf for the week ending June 13. The NEPOOL 12-month electricity strip increased 4.58% week-over-week to $67.44/MWh. The 2026, 2027 and 2028 calendar strips all increased in price.
Brent closed at $74.23 per barrel last week, up 11.7% week-over-week. WTI rose 13% week-over-week to $72.98 per barrel. Israel and Iran have been exchanging military strikes over the past week, leading to high tension in the Middle East and fear of global oil supply disruption. The NYMEX prompt month decreased $0.20/MMBtu week-over-week to $3.58/MMBtu. The rolling 12-month strip decreased $0.15/MMBtu week-over-week to $4.10/MMBtu, a 3.5% decline. Net storage injections totaled 109 Bcf for the week ending June 6, the seventh consecutive week with greater than 100 Bcf injections. The NEPOOL 12-month electricity strip decreased 1.24% week-over-week to $64.48/MWh. The 2026 and 2027 calendar strips fell, while the 2028 calendar strip increased.
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.
Brent closed at $64.15 per barrel last week, down 1.0% week-over-week. WTI fell 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.
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