Monday, June 15, 2026

Weekly Oil Storage: Another Surprise Build

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 rose by 1,854 MBBL last week to 458,997 MBBL, from 457,143 MBBL. This is 6% below the 490,284 MBBL that was in storage at this point last year, and is 15% above the five-year

Canadian Heavy Oil Prices are Falling Faster than Global Crude Benchmarks - Oil & Gas 360

U.S. to Dominate Oil Markets After Biggest Boom in World History: IEA

From Bloomberg U.S. expansion to beat Saudi oil growth and Soviet Union’s gas Lower crude prices will help buoy global demand, agency says The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted. By 2025, the growth in