Crude Intelligence Report
  • Home
  • About
  • Free Articles
  • Subscribe
Sign in Subscribe

upstream-e-p

The Inventory Thesis: Four Consecutive Draws Put $96 WTI on Different Footing

The Inventory Thesis: Four Consecutive Draws Put $96 WTI on Different Footing

Wednesday's EIA report did something the geopolitical headlines couldn't: it made the $96 WTI price look cheap on fundamentals. Commercial crude inventories came in at 433.7 million barrels for the week ending May 29 — a draw of 7,974 Mbbl from the prior week'
CIR Research Desk 03 Jun 2026
NOG Closes Duvernay, SM Clears $419M in Debt: Tuesday's Balance Sheet Signals at $91 WTI

NOG Closes Duvernay, SM Clears $419M in Debt: Tuesday's Balance Sheet Signals at $91 WTI

Two filings crossed EDGAR overnight that tell the same story: operators and non-ops alike are using $90+ WTI to clean up balance sheets and move on acquisition targets they have been eyeing since prices broke lower in April. Northern Oil and Gas closed its CA$350 million Duvernay Shale
CIR Research Desk 02 Jun 2026

Subscribe to Crude Intelligence Report

Don't miss out on the latest news. Sign up now to get access to the library of members-only articles.
  • Sign up
Crude Intelligence Report © 2026. Powered by Ghost