{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Iron Horse Energy Daily Brief","title":"Thursday, November 13th, 2025","html":"","width":"100%","height":180,"duration":276,"description":"This is The Iron Horse Daily Brief for Thursday, November 13, 2025.\nHere's what moved overnight, and what it means for your capital.\nWTI crude fell to $58.39 per barrel, down 4.34 percent. Brent crude dropped to $62.64 per barrel, down 3.87 percent. Natural gas held at $4.55 per MMBtu, down slightly but still elevated year-over-year.\nThe sell-off intensified after OPEC reversed its third-quarter forecast. The group now estimates a 500,000 barrel per day surplus, a complete reversal from its prior 400,000 barrel per day deficit forecast. U.S. crude production hit a record 13.651 million barrels per day. OPEC+ announced it will pause production hikes in the first quarter of 2026.\nToday, the market is watching two key data releases: the Consumer Price Index and EIA crude oil inventory data. The CPI will provide insight into inflation trends that could impact Federal Reserve policy. EIA inventories are forecast to rise by 1 million barrels, following last week's 5.2 million barrel build.\nThe headlines are screaming oversupply. OPEC sees a surplus. U.S. production is at record highs. The dollar is strong, pressuring commodity prices.\nBut here's what the herd is missing.\nThe IEA just reversed its peak oil demand thesis. In its World Energy Outlook published this week, the agency now projects global oil and gas demand will continue rising through 2050. That's a complete reversal from its previous forecast of peak demand before the end of this decade.\nChina is still fast-tracking 169 million barrels of new strategic storage capacity by 2026. They're stockpiling at cycle lows, not dumping demand.\nOn natural gas, LNG exports are averaging 17.8 billion cubic feet per day in November, near record levels. New LNG projects are adding 300 billion cubic meters of annual export capacity by 2030, a 50 percent increase. The EIA expects natural gas to average $4.00 per MMBtu in 2026, up 16 percent year-over-year.\nGeopolitically, U.S. sanctions on Russian oil giants Lukoil and...","thumbnail_url":"https://img.transistorcdn.com/QoD_SpVIhQu8Sff0vocgBI0Th5WVp2kCNhzenTCYsVU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kOTZk/MjYxYTVlZWMzYmY5/NjZmOGI3NmZiM2Jj/MTI2NC5qcGVn.webp","thumbnail_width":300,"thumbnail_height":300}