RSS feed source: US Energy Information Administration

In-brief analysis

September 18, 2026

The price of distillate fuel oil, often sold as diesel, is driven by the price of crude oil, retail margins, distribution costs, taxes, and crack spreads, the indicator we use for refining margins. Tight global supplies of distillate fuel oil and elevated crude oil prices have driven prices higher in recent months.

Crack spreads are indicators of the profitability of refining crude oil into petroleum products such as gasoline and diesel and are used as a proxy for refinery margins. We calculate the diesel crack spread by subtracting the spot market price of a gallon of crude oil from the wholesale price of a gallon of diesel. The high crack spread for diesel on top of the elevated price of a barrel of crude oil has driven retail prices up. High

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RSS feed source: US Energy Information Administration

In-brief analysis

September 15, 2026

Data source: U.S. Energy Information Administration, Liquefaction Capacity File
Note: LNG=liquefied natural gas; FLNG=Floating Liquefied Natural Gas

On August 28, 2026, Cheniere Energy, Inc., completed its Corpus Christi Liquefaction Stage 3 Project (CCL Stage 3) in Texas, taking custody and control of the seventh and last liquefied natural gas (LNG) train in the project.

CCL Stage 3, which started producing LNG in December 2024, is part of the larger Corpus Christi LNG Terminal in San Patricio County, Texas. The additional capacity expands the total nominal capacity of the facility to 3.1 billion cubic feet per day (Bcf/d), or 3.9 Bcf/d peak capacity. With the addition, the Corpus Christi terminal became the second-largest facility in the United States after Sabine Pass in Louisiana, which has a nominal capacity of 3.6 Bcf/d

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RSS feed source: US Energy Information Administration

In-brief analysis

September 10, 2026

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, September 2026
Note: 1H2026=first half of 2026

We forecast U.S. crude oil production will average 13.8 million barrels per day (b/d) in 2026, surpassing the previous record of 13.7 million b/d set in 2025, in our latest Short-Term Energy Outlook (STEO).

In the first half of 2026 (1H26), crude oil production averaged 13.7 million b/d, 2% (0.3 million b/d) more than the same period in 2025. Most of this expansion is concentrated in the Permian region in Texas and New Mexico and the Federal Gulf of America.

Permian. We forecast Permian oil production will average 6.8 million b/d in 2026, 3% more than in 2025. Production growth in the Permian region is driven by higher crude

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