THE WELLHEAD WIRE

As of Wednesday, September 23, 2026 at 1:25 PM CT

WTI mid-afternoon Wed ~$91.80 (Yahoo CL=F) — soft vs Tue $94.59 settle; bounce off early Wed ~$90 soft

Brent mid-afternoon Wed ~$97.75 (Yahoo BZ=F) — still sub-$100 after early Wed ~$99–$101

Henry Hub mid-afternoon ~$3.14/MMBtu (Yahoo NG=F) — still elevated after morning Oct print near $3.041 / 11-wk high track

Basis EIA week ending Sep 18: commercial crude +3.0 to 426.4; Cushing +2.266 to 23.748; gasoline −1.7; distillate −0.4

U.S. rigs 452 oil / 134 gas / 595 total (Fri Sep 18 BH)

TOP STORY

EIA prints U.S. commercial crude +3.0 MMbbl and Cushing +2.3 as WTI holds near $90 — official balances top API’s +1.8

Wed’s hard U.S. balances print still leads (week ending Sep 18). 3-col fill: no clearer hard hit; WTI ~$91.8 / HH ~$3.14 — keep EIA pin.

3-col layout live fill — Onshore / Pipes-LNG-Policy / International (~6 each)
Thu Sep 24 ~10:30 ET — EIA Weekly Natural Gas Storage
Thu Sep 24 — Trump–Xi summit — any U.S.–China LNG tariff cut would swing Gulf Coast gas pull
Fri ~13:00 ET — Baker Hughes N.A. rig count
UNGA / Hormuz — confirmed reopen deal or collapse swings WTI hard
Diesel export ban — any formal White House / Commerce action vs chatter only
Enbridge WTX open season — closes 5 p.m. CDT Fri Sep 25
Cheniere CCL Stage 4 — FR comments due Nov 9; public session Oct 6 Portland TX (permitting clock, not FID)