An Oil Thriller. The Energy Report 10/31/2025

Squeaky.  It’s close to midnight and Putin’s selling oil in the dark. Under new sanctions, the Urals price drop almost stops his heart.  He tries to scream, but terror takes the sound before he makes it. Assets could freeze , as losses looks him right between the Eyes, he’s Paralyzed.
Cause this is thriller, sanction’s night And no one’s gonna save you, Trumps sanctions are about to strike and without Luk Oil and Rosneft  it will really start to bite. You’re fighting for your life inside a killer, thriller, ow,  Trump’s  gonna thrill you tonight.
Dark falls in the Russian land the sanctions is close at hand. Creatures crawl in search of blood to terrorize y’all’s neighborhood (I’m gonna thrill you tonight) You’re fighting for your life inside a killer, thriller, ow
In Venezuela the US might just hit its mark. Taking out military situations that have helped drugs move across our parks. Madura might leave as was  never really was elected.   It might seem that we could change the regime right before our eyes ,  Creepin’ Up Behind
You’re Out Of Time!!!!!!!  Markets rise  across the Land, The trading Hour Is Close At Hand.  Creatures Crawl in Search Of stops To Terrorize your equity.
And Whosoever Shall Be Found Without the Soul For Betting Down
Must Stand and Face The Hounds Of Sell, And Rot Inside A traders hell.
The Foulest Stench Is in The Air, The Funk of those Maduro Putin Years.

Recent late-breaking reports suggest the US may strike Venezuela’s military sites, potentially paving the way for Venezuela’s elected government to return to power. This raises significant risks for oil markets, particularly diesel, as supplies are already low and Venezuelan heavy oil is an important source. The situation could overshadow concerns about new sanctions on Russia’s Rosneft and Lukoil, with the latter selling assets in response. Meanwhile, Ukraine’s use of new missiles is intensifying pressure on Russia, which is facing growing economic and geopolitical challenges—potentially its toughest period since the war began.
So, natural gas prices just made a big jump, pretty much as we expected. Fox Weather is out with reports that it’s going to be chillier than we first thought as October wraps up and November gets going. That colder outlook has buyers snapping up gas in the Midwest and Northeast, and cash prices are hitting seasonal highs. There was a moment when the models showed a return of mild weather, which cooled off the rally a bit, but now that forecasts are back to calling for below-normal temps, the bulls are running again.
This isn’t just a U.S. thing, either. It’s cold in Europe and Asia, too, and that’s tightening up their inventories—European stocks are actually down 11% since early October. All of this is keeping up the pressure on benchmark prices like Henry Hub.
Meanwhile, U.S. LNG exports are really taking off. New facilities like Plaquemines LNG (Phases 1 and 2) and Corpus Christi Stage 3 are coming online and could add more than 5 Bcf/d between 2025 and 2026. Feedgas demand for these plants is expected to hit 17 Bcf/d by the end of the year, up from 13 Bcf/d earlier, which means less gas is sticking around for the domestic market—a recipe for higher prices.
On the global stage, LNG demand is growing by about 2.5% in 2025. Europe is especially busy restocking ahead of winter, partly because of ongoing geopolitical worries like the Russia/Ukraine situation, so they’re competing hard for U.S. volumes.
Back home, U.S. producers are being a lot more careful this year. After a stretch of oversupply, they’re drilling less and focusing on doing it more efficiently. That’s helped keep us from drowning in excess gas, even though storage levels are high (we’re about 4% above the five-year average, projected at roughly 3,917 Bcf for October 31).
Still, the market doesn’t seem too worried about those big inventories. Everyone’s looking ahead to winter withdrawals and new sources of demand—especially from data centers and AI infrastructure, which could add another 1–2 Bcf/d to power needs.
To stay tuned to the Fox Business Network because they are invested in you and if you want to keep an eye on the weather you need to download the fox weather app many traders are signing up for the Phil Flynn trade levels and opening their accounts so make sure you do the same and all you have to do is call 1-888-264-5665 or just e-mail me at pflynn@pricegroup.com.
Happy Halloween !

 

Thanks,

Phil Flynn

Senior Market Analyst & Author of The Energy Report

Contributor to FOX Business Network

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