Today in oil and natural gas markets:
Global floating crude stocks fell nearly 6 MMb last week to 67.96 MMb—approximately 17.5% below the 2016-2024 seasonally-adjusted average but 6.7 MMb above the same point last year.
A closer look at fund managers' energy market futures and options positioning
Total U.S. tight oil production increased 70 kb/d M/M to 9.05 MMb/d in August, matching 2025’s high water mark but holding short of the all-time record of 9.19 MMb/d set in Oct/Nov of last year.
The OPEC8+ followed Sunday’s 137 kb/d hike to October production quotas with new compensation plans for overproducers on Monday
