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Oil Inventories

EIA reports crude oil stocks fell 1.9 million barrels

The Energy Information Administration reported that crude oil inventories dropped by 1.892 million barrels, beating the zero-barrel forecast. Gasoline stocks rose by 3.87 million barrels, while distillate inventories declined by 1.462 million barrels.

Commodity Prices

World Bank sees global oil supply drop 5.2 percent in 2026

The World Bank projects a 5.2 percent decline in global oil supply for 2026, marking the steepest drop in four decades. It also forecasts a 23 percent rise in overall commodity prices before a 7 percent fall in 2027.

Oil Inventories

US crude stocks drop 2.03 million barrels in weekly report

The American Petroleum Institute reported a 2.03 million barrel decline in US crude inventories, contrasting with an expected 0.8 million barrel build. Cushing stocks also fell by 0.453 million barrels.

Nuclear Energy

Nano Nuclear partners with Hyundai on small reactor plans

Nano Nuclear Energy and Hyundai Engineering signed a nonbinding agreement to support the development of a compact nuclear unit at the University of Illinois. The deal explores domestic manufacturing and future commercial uses without binding financial commitments.

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