Wednesday, June 10, 2026

Weekly Oil Storage: Build 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 rose by 3,577 MBBL last week to 450,485 MBBL from 446,908 MBBL. This is 1% below the 453,713 MBBL that was in storage at this point last year, and is 7% above the five-year

Canada’s Oil Output Is Growing Despite Its Pipeline Problems

From Bloomberg Canada’s lingering crude glut isn’t hindering the country’s growing oil output, according to the National Energy Board’s most recent forecast. The country’s oil production will average 4.59 million barrels a day, 22,000 more than previously forecast, data from the Canadian energy regulator show. The raised production outlook comes even as pipeline bottlenecks have driven Canadian crude prices to record lows and prompted

Largest Energy IPO of 2019 - Oil & Gas 360

Oilfield Company Goodnight Midstream Considers Sale or IPO

From Bloomberg Goodnight Midstream LLC, a pipeline operator that helps oil and gas explorers dispose of water used in drilling wells, is considering a sale or initial public offering, according to people familiar with the matter. The Dallas-based company, which is backed by private equity firm Tailwater Capital, is working with an adviser to evaluate an IPO in 2019, said the people, who

Pemex Triples Estimate for Biggest Onshore Find in 25 Years

From Bloomberg Pemex has more than tripled its estimated reserves in its Ixachi field. The company now believes the onshore field in Veracruz contains 1.3 billion barrels of oil equivalent in proven, probable and possible, or “3P,” reserves, Petroleos Mexicanos exploration chief Jose Antonio Escalera said Tuesday at a press conference in Mexico City. Pemex expects the field to reach