FROM THE OIL PATCH
HEADLINES OF INTEREST
EIA Predicts Record Annual USA Oil Output in 2026
In its latest short term energy outlook (STEO), which was released on August 11 and completed its forecast on August 6, the U.S. Energy Information
Wholesale Inflation Falls to 4.7% on Lower Gas, Food
Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation
Court Upholds Trump Admin Order to Restart SYU
The United States District Court for the Central District of California has ruled the federal government had the authority to order the reactivation of the Santa Ynez Unit (SYU) and the oil project’s pipeline system. California’s attorney-general had sued before the court on March 23 alleging the order constituted an
EIA Sees Oil Crunch in 2026, Glut in 2027
The U.S. Energy Information Administration (EIA) is predicting an oil market crunch in 2026 and a glut in 2027, the organization’s latest short term energy outlook (STEO), which was released earlier this month, revealed. According to its August STEO, the EIA sees world petroleum and other liquid fuels consumption outweighing
Hormuz crisis hides a deeper oil threat that could outlast the war
As global attention remains fixed on tankers moving through the Strait of Hormuz, a petroleum geologist is warning that the more consequential energy story may be unfolding thousands of feet underground — and could continue long after any political agreement ends the fighting. Art Berman, a petroleum geologist and energy consultant
Filings show project Jupiter natural gas pipeline delayed until 2027
A proposed natural gas pipeline intended to serve the Project Jupiter data center in southern New Mexico has been delayed until at least early 2027, according to recent federal regulatory filings. A proposed natural gas pipeline intended to serve the Project Jupiter data center in southern New Mexico has been
WEEKLY UPDATE
CRUDE OIL WEEKLY UPDATE (Week Ending 08-28-26)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 17.4 million barrels per day during the week ending August 21, 2026, which was 1
NATURAL GAS WEEKLY UPDATE (Week Ending 08-28-26)
Market Highlights: Natural gas storage Net injections into storage totaled 15 Bcf for the week ending August 21, compared with the five-year (2021–2025) average
ANALYSIS & INSIGHTS
Zekelman Industries Steel Snapshot – August 2026
SMU August HR Coil $1,180 up $20 from July. SMU August CR Coil $1,400 up $40 from July. August Chicago #1 Bush at $450, unchanged
Preston Pipe Report – August 2026
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – FERC staff has issued the final environmental impact statement (EIS) for Tennessee Gas Pipeline’s Mississippi Crossing Project and
Argus Pipe Logix Line Pipe Report – July 2026
(by Rye Druzin, www.pipe-logix.com) US line pipe: Prices up on tight supply – Tight supply of line pipe products in the US helped push prices up to
AISI Press Release on Latest U.S. Imports of Steel Products – August 2026
(American Iron and Steel Institute 08-06-26) Finished Import Market Share Estimated at 18 Percent in July – Based on the Commerce Department’s most recent Steel Import Monitoring