{"id":18884,"date":"2025-11-06T15:46:25","date_gmt":"2025-11-06T20:46:25","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=18884"},"modified":"2025-11-06T15:46:27","modified_gmt":"2025-11-06T20:46:27","slug":"petroleum-daily-report-11-6-2025","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-11-6-2025\/","title":{"rendered":"Petroleum Daily Report 11-6-2025"},"content":{"rendered":"\n<p>Oil prices declined on Thursday, pressured by renewed concerns of a global supply glut and weaker demand signals in the United States, the world\u2019s largest oil consumer. Brent crude fell 14 cents, or 0.22%, to $63.38 per barrel, while WTI slipped 17 cents, or 0.29%, to $59.43. Both benchmarks have now posted three consecutive monthly declines as OPEC+ continues to raise output amid expanding non-OPEC production.<\/p>\n\n\n\n<p>\u201cThe market keeps being haunted by the best-telegraphed supply glut in history,\u201d said Again Capital\u2019s John Kilduff, noting that rising global production remains a persistent headwind for prices.<\/p>\n\n\n\n<p>U.S. demand trends also weighed on sentiment. JPMorgan said global oil demand increased by 850,000 bpd through early November \u2014 below its prior forecast of 900,000 bpd \u2014 with \u201chigh-frequency indicators\u201d pointing to sluggish U.S. consumption and soft freight activity.<\/p>\n\n\n\n<p>Earlier in the week, EIA data showed a 5.2 million-barrel build in U.S. crude stocks, underscoring weak refinery runs during the fall maintenance season. \u201cThere isn\u2019t strong demand for crude right now \u2014 that\u2019s fundamentally weighing on prices,\u201d Kilduff added.<\/p>\n\n\n\n<p>On the supply side, Saudi Arabia cut December prices for Asian buyers, reflecting a well-supplied market as OPEC+ increases output. Analysts at Capital Economics maintained a $60 Brent forecast by end-2025 and $50 by end-2026, citing persistent downside pressure.<\/p>\n\n\n\n<p>Lingering support came from recent U.S. sanctions on Russian producers Rosneft and Lukoil, which have disrupted parts of their international operations. Analysts said the market remains cautious about how long those disruptions will offset rising global supply.<\/p>\n\n\n\n<h3 align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/11\/Petroleum_Daily-1162025.pdf\" download>On Mobile? Click here to download the PDF<\/a><\/h3>\n\n\n\n<embed src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2025\/11\/Petroleum_Daily1162025.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"960\" title=\"Crude Oil Report\" alt=\"\">\n\n\n\n<figure class=\"wp-block-image size-full\">\r\n\t<img decoding=\"async\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/03\/Stampede-2026.jpg\" alt=\"Stampede\" class=\"wp-image-11405\"\/>\r\n<\/figure>\r\n<font color=\"black\">\r\n\t<ul>\r\n\t\t<li>Where: Calgary<\/li>\r\n\t\t<li>Attending: David Cohen (954-729-4774), Curtis Chandler(239-405-3365), Cyndi Popov (403-402-5043)   <\/li>\r\n\t<\/ul>\r\n<\/font>\r\n\r\n<figure class=\"wp-block-image size-full\">\r\n\t<img decoding=\"async\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/03\/Mars-Lake-Geneva-2026.jpg\" alt=\"swars\" class=\"wp-image-11405\"\/>\r\n<\/figure>\r\n<font color=\"black\">\r\n\t<ul>\r\n\t\t<li>Where: Grand Geneva Resor<\/li>\r\n\t\t<li>Attending: Brian Baker (239.297.4519) <\/li>\r\n\t\t<li><a href=\"https:\/\/www.mwrailshippers.com\/event\/2026-summer-meeting\/\" target=\"_blank\" rel=\"noreferrer noopener\">Conference Website<\/a><\/li>\r\n\t<\/ul>\r\n<\/font>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices declined on Thursday, pressured by renewed concerns of a global supply glut and weaker demand signals in the United States, the world\u2019s largest oil consumer. Brent crude fell 14 cents, or 0.22%, to $63.38 per barrel, while WTI slipped 17 cents, or 0.29%, to $59.43. Both benchmarks have now posted three consecutive monthly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16800,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-18884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Petroleum Markets Report for November 6, 2025<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-11-6-2025\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"guida\" \/>\n\t<meta name=\"twitter:label2\" 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