{"id":9703,"date":"2025-08-25T15:47:47","date_gmt":"2025-08-25T19:47:47","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=9703"},"modified":"2025-08-27T16:00:21","modified_gmt":"2025-08-27T20:00:21","slug":"crude-firms-gasoline-tightens-nat-gas-weighed-down","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/es\/crude-firms-gasoline-tightens-nat-gas-weighed-down\/","title":{"rendered":"Crude Firms, Gasoline Tightens, Nat Gas Weighed Down"},"content":{"rendered":"<p>WTI firmed on U.S. draws but OPEC+ adds capped gains; RBOB tightened despite soft demand and outages; natural gas pressured by inventories, strong output, weaker LNG intake, and minimal weather premium.<\/p>\n<p><strong>Crude Oil<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Crude oil remains below $65 mark, Stockpiles weakened<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-9704\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Picture1.png\" alt=\"\" width=\"786\" height=\"422\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Picture1.png 786w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Picture1-300x161.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Picture1-768x412.png 768w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Picture1-18x10.png 18w\" sizes=\"(max-width: 786px) 100vw, 786px\" \/><\/p>\n<ul>\n<li><span data-olk-copy-source=\"MessageBody\">U.S. balances tightened, but gasoline demand lagged.<\/span>\u00a0The mid-month EIA report showed a 6 mb crude draw, stocks ~6% below the 5-yr norm, refinery runs at 96.6%, and gasoline stocks down 2.7 mb\u2014factors that lend support to near-term WTI pricing, despite four-week gasoline supply figures trailing year-ago levels.<\/li>\n<li>Forthcoming OPEC+ barrels capped rallies.\u00a0The alliance confirmed a ~547 kb\/d production increase for September, reinforcing expectations of additional supply into late Q3 and curbing upside in futures despite tighter U.S. inventories.<\/li>\n<li>Shale signals stayed muted.\u00a0Baker Hughes reported the U.S. rig count steady near 539 with ~412 oil rigs mid-period, slipping to 411 into the week\u2019s end\u2014insufficient to imply a rapid output surge.<\/li>\n<li>Geopolitics added a modest risk bid.\u00a0Washington unveiled new Iran-related sanctions on shippers and tankers, while maritime advisories flagged electronic interference around the Red Sea\/Hormuz corridors, keeping a security premium in focus.<\/li>\n<\/ul>\n<p><strong>Gasoline<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Futures soar on tightened inventories<\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-9705\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Gasoline.png\" alt=\"\" width=\"786\" height=\"436\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Gasoline.png 786w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Gasoline-300x166.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Gasoline-768x426.png 768w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Gasoline-18x10.png 18w\" sizes=\"(max-width: 786px) 100vw, 786px\" \/><\/p>\n<ul>\n<li><span data-olk-copy-source=\"MessageBody\">Inventories tightened,\u00a0<\/span>while demand fell short of last year&#8217;s levels.\u00a0Consecutive weekly EIA reports showed U.S. gasoline stocks falling by ~3.5 mb in total, leaving inventories ~1% below the five-year norm, while the 4-week \u201cproduct supplied\u201d average hovered near 9.0 mb\/d, ~1\u20131.5% y\/y lower.<\/li>\n<li>High runs, but outages pinched regional supply.\u00a0Refinery utilization held near 96\u201397%, yet a fire cut output at Phillips 66\u2019s Bayway (NJ) and flooding disrupted BP\u2019s Whiting (IN), lending support to NYH-linked RBOB differentials.<\/li>\n<li>Imports and blending flows cushioned the East Coast.\u00a0Mid-month EIA data showed gasoline (and components) imports around 0.63\u20130.66 mb\/d, helping offset outages and steadying overall supply despite firmer draws.<\/li>\n<li>Hurricane watch added headline risk, not a premium.\u00a0With peak season approaching, forecasters and trade press flagged potential Gulf disruptions; AAA noted pump prices steady, limiting futures\u2019 upside absent a landfall threat.<\/li>\n<\/ul>\n<p><strong>Natural Gas<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Speculators\u2019 funds send natural gas prices to 8-month low<\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-9706\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Natural-Gas.png\" alt=\"\" width=\"784\" height=\"432\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Natural-Gas.png 784w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Natural-Gas-300x165.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Natural-Gas-768x423.png 768w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2025\/08\/Natural-Gas-18x10.png 18w\" sizes=\"(max-width: 784px) 100vw, 784px\" \/><\/p>\n<ul>\n<li><span data-olk-copy-source=\"MessageBody\">Inventories stayed above average despite a light build.\u00a0<\/span>The\u00a0EIA reported a 13 Bcf injection and total stocks at 3,199 Bcf (~6% over the 5-yr norm)\u2014supportive near term, but still a comfortable cushion for bears.<\/li>\n<li>Supply remained robust while LNG pull softened.\u00a0Dry output averaged ~107 Bcf\/d and gas-directed rigs held near 122, but LNG pipeline receipts dipped to 15.5 Bcf\/d (-1.3 Bcf\/d w\/w) and pipeline exports to Mexico eased, loosening balances.<\/li>\n<li>Power burn firmed only marginally.\u00a0Heat pockets lifted gas-for-power about 1% w\/w, yet the overall demand uptick was modest versus supply and storage, muting follow-through in NYMEX rallies.<\/li>\n<li>Weather\/geopolitics added headline risk, not a premium.\u00a0NOAA kept an above-normal Atlantic season outlook, and Hurricane Erin churned offshore, reminding traders of Gulf disruption risk even as immediate impacts on U.S. gas flows were limited.<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>WTI firmed on U.S. draws but OPEC+ adds capped gains; RBOB tightened despite soft demand and outages; natural gas pressured by inventories, strong output, weaker LNG intake, and minimal weather premium. Crude Oil Crude oil remains below $65 mark, Stockpiles weakened U.S. balances tightened, but gasoline demand lagged.\u00a0The mid-month EIA report showed a 6 mb [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1,14],"tags":[],"class_list":["post-9703","post","type-post","status-publish","format-standard","hentry","category-uncategorized","category-uncategorized-es"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/9703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/comments?post=9703"}],"version-history":[{"count":1,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/9703\/revisions"}],"predecessor-version":[{"id":9707,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/9703\/revisions\/9707"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/media?parent=9703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/categories?post=9703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/tags?post=9703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}