Price Watch
A daily bulletin about oil and gas
The Futures
Oil and gas prices are more than numbers—they reflect global events, technological advancements, and environmental concerns.
Horizon Energy Digest
Oil Prices Under Pressure From the Prospect of Another OPEC+ Hike
Crude oil prices slid further today after a weak start to the week, following reports that OPEC+ was discussing a greater than originally planned production hike for July.
These reports have been circulating for a few days now, fueling pessimism among traders and forecasters.
North America Goes Back to Losing Rigs
North America dropped 17 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on May 23.
The total U.S. rig count dropped by 10 and the total Canada rig count dropped by seven week on week, taking the total North America rig count down to 680.
Curious Minds Corner
How much energy potential is packed into one barrel of oil?
Roughly 5.8 million BTUs (British Thermal Units), which could power an average US home for several days (energy equivalent to about 1,700 kWh).