Friday, June 19, 2026
OPEC oil prices

OPEC Oil Production Up on Libya, Nigerian Gains

Production ticks up 88.5 MBOPD OPEC released its Monthly Oil Market Report, outlining the state of the oil trade and the effects of the group’s output cuts. The group’s overall production increased by 88.5 MBOPD in September, but this was primarily due to just a few countries. Libya and Nigeria, the only countries still exempt from the production cut agreement,

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EIA Predicts Improved Conditions for U.S. Oil

Oil production expected to grow 7.4% in 2018 The EIA released its monthly Short Term Energy Outlook this week, outlining the state of the energy industry through the end of 2018. The U.S. oil industry remains resilient, and is likely to grow further in 2018. The EIA has increased its predictions of this growth, and is currently estimating the U.S.

Weekly Gas Storage: Stocks Below 5-Year Average

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks increased by 87 Bcf last week, rising from 3,508 Bcf to 3,595 Bcf. This is 4.1% below the 3,748 Bcf that was in storage at this point last year, and

Weekly Oil Storage: Drawdown Continues

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 2,747 MBBL last week to 462,216 MBBL, from 464,963 MBBL. This is 2% below the 473,958 MBBL that was in storage at this point last year, and is 21% above the five-year