Friday, September 26, 2025
OPEC+ oil production hike may not be as steep as feared- oil and gas 360

OPEC+ oil production hike may not be as steep as feared

(Oil Price) – The OPEC+ group is not hiking oil production as much as the headline figures in the agreement suggest, as some members are close to capacity while others are compensating for previous overproduction. This could come as a relief

Company to watch

Shortcode content

Weekly Inventories

U.S. crude oil inventories decrease by 0.6 million barrels

Weekly Crude Oil Storage as of September 19, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.6 million barrels from the previous week.  At 414.8 million barrels, U.S. crude oil inventories are 4%

Weekly Gas Storage: Inventories increase by 75 Bcf

Natural Gas Inventories as of September 19, 2025 The EIA has released its natural gas inventory report, showing a net increase of 75 Bcf as of September 19, 2025. Working gas in storage was 3,508 Bcf as of Friday, September

U.S. rig count increased by 7 is at 549

This week’s Baker Hughes Rig Count shows that the U.S. increased by 7 last week, resulting in a total count of 549 rigs. Canada had an increase of 1 over last week, resulting in a total Canadian count of 190