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• US Oil and Products See Draw Across the Board
  The American Petroleum Institute (API) estimated that crude oil...
  The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, dropping by 974,000 barrels in the week ending August 15. Analysts had expected a larger 1.7-million-barrel draw.
  
  So far this year, crude oil inventories are up 6.8 million barrels, according to Oilprice calculations of API data.
  
  Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) rose by 800,000 barrels to 404.2 million barrels in the week ending August 22.
  
  Gasoline inventories fell by 2.060 million barrels in the week ending August 22. As of last week, gasoline inventories were 1% below the five-year average for this time of year, according to the latest EIA data.
  
  Distillate inventories fell this week by 1.488 million barrels after rising by 500,000 barrels in the week prior. Distillate inventories were already 13% below the five-year average as of the week ending August 15, the latest EIA data shows.
  
  Cushing inventories—the benchmark crude stored and traded at the key delivery point for U.S. futures contracts in Cushing, Oklahoma—fell by 497,000 barrels in the week, after falling by 100,000 barrels in the week prior.
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• DAILY OIL PRICE: August 26, 2025
  Crude Oil: 63.25   (-1.55)....
  
  
  • Crude Oil: 63.25   (-1.55).
  
  
  • Nymex MTD AVG: 64.1146.
  
  
  • Natural Gas: 2.717   (+0.021).
  
  
  • Gasoline: 2.1223   (-0.0260).
  
  
  • Spreads: September/October (+0.45)     October/November (+0.34).
  
  
  • Plains WTI Posting: 59.73   (-1.55).
  
  

  
  
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• Dow ends up over 130 points, S&P 500 and Nasdaq finish higher as investors shake off Fed independence concerns
  U.S. stocks finished higher on Tuesday afternoon in quiet...

  U.S. stocks finished higher on Tuesday afternoon in quiet trading as investors appeared unfazed after President Donald Trump attempted to oust Federal Reserve governor Lisa Cook from the central bank’s board, underscoring rising concerns over the Fed's independence when it comes to monetary policy.

  
  

  The Dow Jones Industrial Average rose 135.60 points, or 0.3%, to end at 45,418.07, according to FactSet data.

  
  

  The S&P 500 was up 26.62 points, or 0.4%, to finish at 6,465.94.

  
  

  The Nasdaq Composite popped 94.98 points, or over 0.4%, ending at 21,544.27

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• Next Permian NatGas Egress Pipeline Eiger Express Hits FID
  A WhiteWater-led joint venture (JV) has reached a final investment decision...
  A WhiteWater-led joint venture (JV) has reached a final investment decision (FID) on the latest natural gas pipeline project out of the Permian Basin.
  
  The JV announced Aug. 25 that the Eiger Express Pipeline, a 2.5 Bcf/d, 450-mile line is expected to be in service around the middle of 2028.
  
  The line will connect to Permian Basin networks and transport natural gas to the Katy area on the west side of Houston. WhiteWater said the line will take its supply from gas processing plants in the Midland and Delaware basins via the Agua Dulce Pipeline, another WhiteWater JV that includes Enbridge and MPLX.
  
  The ownership of the Eiger was structured so that some of the JV partners of the Matterhorn Express Pipeline, the Permian’s newest natural gas egress system, were able to buy larger stakes in the newer project.
  
  
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• Trump fires Federal Reserve Governor Lisa Cook
  Escalating his pressure on the independence of the central bank, President...
  Escalating his pressure on the independence of the central bank, President Trump yesterday posted a letter on Truth Social saying he was firing the Fed board member, citing allegations that she had lied on mortgage loan documents. The president can only remove Fed officials for cause, and Trump’s letter said the allegations against Cook—which were raised by his ally Bill Pulte, the leader of the Federal Housing Finance Agency—provided that cause. It was not immediately known whether Cook, who previously said she would not be “bullied” out of her role, would sue over the president’s decision, but if she does, it would likely ultimately be decided by the Supreme Court. Trump, who wants the Fed to lower interest rates, has also threatened in the past to fire Chair Jerome Powell.
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