Oil gains on Ukraine drone attacks cutting Russian supply
(Investing) – HOUSTON -Oil prices rose on Friday as Ukraine’s drone attacks on Russia’s energy infrastructure cut the country’s fuel exports. Brent futures settled at $70.13 a barrel, up 71 cents, or 1.02%. U.S. West Texas
Oil gains on Ukraine drone attacks cutting Russian supply
(Investing) – HOUSTON -Oil prices rose on Friday as Ukraine’s drone attacks on Russia’s energy infrastructure cut the country’s fuel exports. Brent futures settled at $70.13 a barrel, up 71 cents, or 1.02%. U.S. West Texas Intermediate (WTI) crude finished at $65.72 a barrel,
Record-low Canadian natural gas prices prompt production curbs
(Oil Price) – Canadian producers are temporarily shutting in natural gas wellheads amid
Kazakhstan’s oil and condensate output rose 3% in August from previous month
(BOE Report) – Kazakhstan’s oil and condensate output rose to 8.885 million
OPEC+ oil production hike may not be as steep as feared
(Oil Price) – The OPEC+ group is not hiking oil production as much
Record-low Canadian natural gas prices prompt production curbs
(Oil Price) – Canadian producers are temporarily shutting in natural gas wellheads amid a record-low negative pricing at the key Alberta gas hub. The price of natural gas at the AECO Hub, the Canadian benchmark price for natural gas on the
Kazakhstan’s oil and condensate output rose 3% in August from previous month
(BOE Report) – Kazakhstan’s oil and condensate output rose to 8.885 million metric tons in August from 8.631 million tons in July, driven by production growth at Tengiz, Kashagan, and Karachaganak oilfields, official data showed on Friday. The August figure
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
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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
