Corrections Log
If you find a figure or statement that looks wrong, email hello@petroeyes.com or see the contact page, and include the page address and the figure in question.
The figure is checked against the source the page cites. If the page is wrong it is corrected, and the change is listed here with its date. How pages are checked is set out in the editorial policy.
WTI vs Brent Spread Explained
An earlier version of this page stated that the Brent-WTI spread had narrowed to $4.80 by September 28, 2026. It now states that the front-month futures spread was $12.68 on that date (front-month futures closes, September 28, 2026: Brent $105.28, WTI $92.60).
Oil Price Forecast
An earlier version of this page stated Brent at $105 a barrel in the fourth quarter of 2026 and $84 in 2027, from the October 2026 EIA outlook. It now states Brent near $100 a barrel for the rest of 2026, $97 for 2026 as a whole and $86 in 2027 (EIA Short-Term Energy Outlook, released November 10, 2026).
EIA Crude Oil Inventory and Petroleum Market Analysis
An earlier version of this page stated the US rig count as 0, down 557 on the week. It now states 604 rigs, up 1 on the week (Baker Hughes rig count, week ending November 6, 2026).
EIA Crude Oil Inventory and Petroleum Market Analysis
An earlier version of this page stated that nearly 14% of global crude in transit is hidden from tracking, that Strategic Petroleum Reserve refilling puts a floor under WTI at $67 to $72 a barrel, and that PetroEyes gives a four-day lead signal ahead of EIA releases, all without a source. The statements have been removed.
Baker Hughes Rig Count Today
An earlier version of this page stated a weekly change of -245 in the worldwide rig count and a total of 9,020 US drilled-but-uncompleted wells. Both statements have been removed. International rig counts are published monthly, so no weekly change is shown.
Rig Count Intelligence
An earlier version of this page stated that the worldwide rig count was 1,954, up 6 on the week, in the week ending October 9, 2026, and that the United States held 9,020 drilled-but-uncompleted wells. Both statements have been removed.
Frac Spread Count, Explained
An earlier version of this page stated that the United States held 9,020 drilled-but-uncompleted wells, with 893 in the Permian. The statement has been removed.
Permian Rig Count vs WTI Spread: November 2026 Reading
An earlier version of this page stated that the United States held 9,020 drilled-but-uncompleted wells, with 893 in the Permian. The statement has been removed.
Natural Gas (Henry Hub) Price Today
An earlier version of this page stated 465 weekly Henry Hub observations running back to January 1997. It now states 466 observations: 104 weekly values since November 8, 2024 and 362 roughly monthly values before that, back to January 31, 1997 (EIA Henry Hub spot price, through October 30, 2026).
U.S. Crude Oil Inventories Since 1982: The Complete Weekly Record
An earlier version of this page stated 424.1 million barrels of commercial crude stocks as the current level. It now states 424.1 million barrels as the level for the week ending October 2, 2026, the last week in the study, with the newest week shown separately (EIA Weekly Petroleum Status Report).
US Rig Count, November 2026: 604 Rigs at a 52-Week High, and the Plateau That Wasn't
An earlier version of this page stated that US commercial crude stocks were 4 percent below the five-year average. It now states that they were 5.3 percent below the five-year average of 432.8 million barrels (EIA Weekly Petroleum Status Report, week ending October 30, 2026).
Diesel Prices, Explained
An earlier version of this page stated that the federal diesel excise tax of 24.4 cents a gallon had been unchanged since 1993. It now states that it has been unchanged since 1993 apart from 21 months at 24.3 cents in 1996 and 1997 (FHWA Highway Statistics, Table FE-101A).
Gas Prices by Year, Adjusted for Inflation
An earlier version of this page stated that the federal gasoline excise tax had been 18.4 cents a gallon since 1993. It now states that it has been 18.4 cents since October 1993 apart from 21 months at 18.3 cents in 1996 and 1997 (FHWA Highway Statistics, Table FE-101A).
Permian Basin Production Outlook
An earlier version of this page stated that Permian crude output would reach a record 6.45 million barrels a day by the fourth quarter of 2026 and that Delaware Basin core breakevens were $36 to $42 a barrel, without a source. The statements have been removed.
Nigeria
An earlier version of this page stated that the Egina field produced about 200,000 barrels a day. It now states that it averaged about 62,600 barrels a day over 2025 (Nigerian Upstream Petroleum Regulatory Commission production tables, 2025).
Kazakhstan
An earlier version of this page stated that the Tengiz, Kashagan and Karachaganak fields are Africa's premier super-giant fields. The statement has been removed.
Oman
An earlier version of this page stated that the Duqm port and refinery is a $20 billion project, without a source. The statement has been removed.