{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Iron Horse Energy Daily Brief","title":"Tuesday, November 11th, 2025","html":"","width":"100%","height":180,"duration":234,"description":"This is The Iron Horse Daily Brief for Tuesday, November 11th, 2025.\nHappy Veterans Day. To every veteran who served—thank you for your sacrifice and your service.Now, here's what moved overnight—and what it means for your capital.\nWTI crude slipped back below $60 this morning, trading at $59.94 per barrel, down 0.31 percent from Monday's close. Brent crude fell 13 cents to $63.93 per barrel. Investors are awaiting key reports from OPEC and the IEA amid concerns of a potential global supply surplus.\nNatural gas held strong at $4.38 per MMBtu, up 0.96 percent on the day. That's up 40.46 percent over the past month and 50.66 percent year-over-year. Flows to the eight major LNG plants averaged 17.4 billion cubic feet per day so far this month, topping October's record.\nOPEC trimmed its 2025 global oil demand growth forecast to 1.54 million barrels per day. That's the fourth consecutive monthly downward revision. The headlines are screaming oversupply.\nBut here's what the herd is missing.\nChina is adding 169 million barrels of strategic storage capacity in 2025 and 2026. In early 2025, Chinese buyers acquired about one million barrels per day more than the prior year, likely preventing further Brent declines. China is building reserves—not dumping demand.On the geopolitical front, the U.S. just imposed sanctions on Russian oil firms Rosneft and Lukoil. Lukoil declared force majeure on shipments from Iraq's West Qurna 2 field. Chinese state-owned oil companies temporarily suspended Russian crude purchases following the new sanctions. Some refiners in China and India have switched to buying oil from the Middle East and elsewhere.\nThe read: WTI dipped to $59.94. The headlines are screaming oversupply. OPEC trimmed demand forecasts for the fourth straight month. But China is adding 169 million barrels of strategic storage capacity over the next two years. They bought one million barrels per day more than the prior year in early 2025. Natural gas is holding at $4.38, up...","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}