Status: watch· Americas oil markets remain stable with WTI unchanged at $87.36/bbl amid sustained inventory draws and elevated geopolitical risks in key global shipping lanes.

Americas Oil & Fuel Intelligence

Independent daily intelligence on Western Hemisphere oil markets — WTI crude, US petroleum stocks, producer data, and supply-route risk from Canada to Patagonia.

Built for fleet operators, energy traders, procurement teams, and journalists tracking Americas fuel supply.

WTI Crude
$87.36
Week ending 2026-05-31
Brent Crude
$91.12
WTI spread: $-3.76
US Gasoline
$4.605
0.02/gal
National avg, per US gallon
US Diesel
$5.523
0.07/gal
National avg, per US gallon

US Petroleum Stocks — EIA Weekly

Week ending 2026-05-31
23days

Commercial Crude

Min: 25d

24days

Gasoline

Min: 25d

25days

Distillates

Min: 30d

14days

SPR

Min: 30d

Commercial Crude
365.1 MB
9.06 MB
~23 days
days of refinery input
Gasoline
211.6 MB
2.57 MB
~24 days
days of demand
Distillates
100.8 MB
2.11 MB
~25 days
days of demand
SPR
81.2 MB
~14 days
days of import cover

MB = million barrels. Days-of-supply estimated from EIA demand benchmarks. Source: EIA Weekly Petroleum Status Report.

US production: 13,715 kb/d

WTI Crude — 18-Month Trend

Avg: $77.19Range: $53–$111Change: +44.7%

Weekly WTI spot price, Cushing OK. Dashed line = 18-month average. Source: EIA.

Active Supply Disruption

Active since 1 May 2026

Russia has halted Kazakh crude supply via Druzhba pipeline to Germany

PCK Schwedt refinery (supplies most of Berlin's fuel) has lost ~17% of its crude since 1 May. Germany says alternative routes cover it, but its regulator has warned of regional pricing risk.

Americas angle: North Atlantic Basin arbitrage is tightening as European refiners seek substitute barrels — more pull on US Gulf Coast crude exports.

Source: Reuters.

🔥

Refinery Health Watch

No thermal anomalies detected near tracked major US Gulf, US East/West Coast, Caribbean and Latin American refineries in the past 24 hours.

NASA FIRMS VIIRS satellite detections within ~15 km of major US Gulf, US East/West Coast, Caribbean and Latin American refineries. Past 24 h. High Fire Radiative Power near a facility may indicate flaring, fire, or process incident — not all detections indicate incidents.

OPEC+ Production vs Quota

New
EIA International · latest Jan '26

OPEC core

34.44mbpd

12 members

Russia

10.68mbpd

non-OPEC anchor

OPEC vs quota

+6.4k

kbpd non-exempt

Open the full OPEC+ tracker — 18 members, monthly history, quota compliance

Special Report

New

The Fall of the United Kingdom? — A Compound Cascade Risk Model

Independent systems risk analysis of UK structural decline. 18 causal chains, 100 documented interactions, 9 self-reinforcing feedback loops. Compound assessment: 40–70% probability of Accelerated Decline or worse by 2035, vs 10–20% under additive assessment.

Why it matters here: The UK is the methodology test case · Compound cascade framework applies to any nation-state · Free download (key facts + policy brief + technical report + framework).

By Jonathan Kelly · Independent Systems Risk Analysis · May 2026

Read & download →

Special Report

From Hormuz to Hunger — The Compound Cascade That Institutional Models Miss

Independent systems risk analysis of the global fertilizer disruption following the Strait of Hormuz blockade. Probability-weighted central estimate: 118–225M excess deaths across nine interacting causal chains.

Americas angle: US urea +52% · The strikes that triggered the cascade · The August 2026 threshold · Free download (policy brief + full technical report).

By Jonathan Kelly · Independent Systems Risk Analysis · 30 April 2026

Read & download →

AI Analysis

May 31, 2026

Americas oil markets remain stable with WTI unchanged at $87.36/bbl amid sustained inventory draws and elevated geopolitical risks in key global shipping lanes.

  • WTI crude unchanged at $87.36/bbl in week ending May 31, showing price stability amid inventory declines
  • US commercial crude stocks fell 9.1 million barrels to 365.1 million barrels, indicating strong domestic demand
  • US oil production reached 13.715 million bpd, reinforcing America's position as global output leader
  • WTI trades $3.76 below Brent, reflecting geopolitical premiums in international markets that benefit Americas producers
  • Critical maritime advisories for Red Sea and Persian Gulf highlight severe risks to global shipping that don't affect Western Hemisphere supply routes
  • Retail diesel prices declined 7.3 cents to $5.523/gal, providing modest relief to logistics operators

US crude markets showed price stability in the week ending May 31, with WTI holding steady at $87.36/bbl while commercial crude inventories declined by 9.1 million barrels to 365.1 million barrels. US production reached 13.715 million barrels per day, maintaining America's position as the world's top producer. The sustained inventory drawdown signals healthy domestic demand despite retail gasoline prices remaining elevated at $4.605/gal.

The $3.76 discount of WTI to Brent reflects ongoing global supply concerns, with critical maritime advisories highlighting severe risks in Middle Eastern shipping lanes. Houthi attacks in the Red Sea and Iranian threats in the Persian Gulf continue to disrupt global oil flows, though Americas producers benefit from reduced exposure to these chokepoints. The wide Brent premium suggests international markets are pricing in significant geopolitical risk premiums that don't fully impact Western Hemisphere crude.

Refinery operations showed continued strength with both gasoline and distillate inventories declining by 2.6 million and 2.1 million barrels respectively. Retail diesel prices fell by 7.3 cents to $5.523/gal, providing some relief to logistics operators, though levels remain elevated compared to historical norms. The Strategic Petroleum Reserve sits at 81.2 million barrels, well below historical averages but stable for emergency response capacity.

Across the broader Americas, market fundamentals remain supportive with US shale production steady and Canadian oil sands continuing to flow through expanded pipeline capacity. The geopolitical premium in global markets creates favorable conditions for Western Hemisphere producers, who can serve both domestic and export markets while avoiding the most volatile shipping routes affecting Middle Eastern and Russian crude flows.

Generated by claude-sonnet-4-20250514 · Based on EIA data + MARAD advisories

Weekly Americas Energy Briefing

WTI price moves, US stock changes, producer developments, and supply route alerts — every week. Free.

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Western Hemisphere — Key Producers

North America

🇺🇸
United States
US
13.3m
bpd
WTIEagle Ford

World's largest producer. Shale-dominant. WTI benchmark set at Cushing, Oklahoma.

🇨🇦
Canada
CA
5.5m
bpd
Western Canadian Select (WCS)Syncrude

Second-largest producer. Oil sands dominant. WCS trades at discount to WTI due to heavy, sour grade and pipeline constraints.

Central America & Mexico

🇲🇽
Mexico
MX
1.8m
bpd
Maya (heavy sour)Isthmus

PEMEX state monopoly. Production has fallen sharply since 2004 peak. Aging Cantarell field. New Dos Bocas refinery online.

Caribbean

🇹🇹
Trinidad & Tobago
TT
70k
bpd
Trintopec crude

Mature producer. Atlantic LNG hub — significant natural gas exporter to US and Europe. Refining capacity exceeds local production.

South America

🇧🇷
Brazil
BR
3.5m
bpd
TupiBuzios

South America's largest producer. Petrobras-led pre-salt deepwater fields driving sustained growth.

🇬🇾
Guyana
GY
650k
bpd
Liza LightPayara

Fastest-growing oil producer in the world. ExxonMobil-led Stabroek block. Targeting 1.2m bpd by 2027. No refining capacity — all exported crude.

🇨🇴
Colombia
CO
750k
bpd
VasconiaCastilla

Declining output from mature fields. Government restricting new exploration contracts. Ecopetrol state company.

🇻🇪
Venezuela
VE
900k
bpd
Merey (extra heavy)BCF-17

OPEC member. World's largest proven reserves (302 billion bbl) but production collapsed from 3m+ bpd under sanctions and mismanagement. Partial recovery underway.

🇦🇷
Argentina
AR
700k
bpd
MedanitoEscalante

Vaca Muerta shale formation is world-class — second only to Permian in recoverable shale oil. Rapid development underway under pro-investment government.

🇪🇨
Ecuador
EC
480k
bpd
OrienteNapo

OPEC member. Amazon basin production. Security challenges and declining legacy field output.

🇵🇪
Peru
PE
120k
bpd
Loreto crude

Amazon basin production. Norperuano pipeline. Petroperu state refinery at Talara recently upgraded.

🇧🇴
Bolivia
BO
55k
bpd
Bolivian condensate

Primarily natural gas — South America's key gas supplier to Brazil and Argentina. Oil production minor and declining.

Coming Soon

AmericasOilWatch PRO

Professional-tier tools for traders, fleet operators, and procurement teams. Launching mid-2026.

Price alerts

WTI, Brent, WCS thresholds by email or webhook

Historical exports

CSV downloads of all pricing and stock series

Custom watchlists

Track chokepoints and producers relevant to your flows

Monthly intel brief

In-depth quarterly Americas supply outlook

Interested in early access or founding-partner sponsorship? Get in touch

Cite this data — Public API

Full docs →

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curl https://americasoilwatch.com/api/v1/wti        # current WTI
curl https://americasoilwatch.com/api/v1/us-stocks  # EIA weekly stocks
curl https://americasoilwatch.com/api/v1            # endpoint index

Attribution: cite as "AmericasOilWatch — americasoilwatch.com" alongside the underlying institutional source (EIA, etc.) which is included in every payload.

Also available: RSS feed and a network activity page tracking newsletters, new insights, reports and dashboard updates across all three OilWatch sites.

✍️

Editorial

Written and edited by Jon Kelly, founder of the OilWatch network.

Also publishing at EuroOilWatch and UKOilWatch.