Visual relationship reasoning is a crucial yet challenging task for understanding rich interactions across visual concepts. For example, a relationship man, open, door involves a complex relation open between concrete entities man, door. While much of the existing work has studied this problem in the context of still images, understanding visual relationships in videos has received limited attention. Due to their temporal nature, videos enable us to model and reason about a more comprehensive set of visual relationships, such as those requiring multiple (temporal) observations (e.g., man, lift up, box vs. man, put down, box), as well as relationships that are often correlated through time (e.g., woman, pay, money followed by woman, buy, coffee). In this paper, we construct a Conditional Random Field on a fully-connected spatio-temporal graph that exploits the statistical dependency between relational entities spatially and temporally. We introduce a novel gated energy function parametrization that learns adaptive relations conditioned on visual observations. Our model optimization is computationally efficient, and its space computation complexity is significantly amortized through our proposed parameterization. Experimental results on benchmark video datasets (ImageNet Video and Charades) demonstrate state-of-the-art performance across three standard relationship reasoning tasks: Detection, Tagging, and Recognition.