US commercial crude stocks rose 3.0 million barrels to 426.39 million barrels in the week to September 18, about 2% above the five-year average, according to U.S. Energy Information Administration (EIA) data reported by Rigzone. Cushing, Oklahoma took most of the build while the Strategic Petroleum Reserve (SPR) shrank. This is analysis, not a trading call.
Oil executives expect WTI to fall from current levels: the Dallas Fed Energy Survey shows respondents averaging $88.38 for year-end 2026, against a $98.70 average spot price during collection. Longer-dated averages of $79 to $82 suggest they treat the Iran-linked premium as temporary, not structural.
IISD estimates that meeting Mexico's current oil and gas targets would need about USD 160 billion, nearly USD 110 billion of it for Pemex, and projects USD 17.4 billion of net losses over 15 years from uncommercial fields. These are the think tank's modelled figures, not Pemex or government data, and not trading advice.
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