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
Texas RRC Reveals Latest Preliminary Oil, Gas Production Figures
In a statement posted on its site recently, the Texas Railroad Commission (RRC) revealed its latest preliminary crude oil and natural gas production figures. The preliminary reported total volume of crude oil in Texas in March was 121,361,548 barrels.
Oil falls 1% after hitting 5-month high amid Mideast conflict
Oil prices fell 1% on Monday after touching a five-month high as markets tried to gauge the impact on transit of oil and gas via the Strait of Hormuz after U.S. airstrikes against Iran at the weekend. Brent crude futures were down 70 cents, or 0.9%, at $76.31 a barrel. U.S. West Texas Intermediate crude (WTI) fell 76 cents, or 1%, to $73.09.
Curious Minds Corner
What’s the real difference between “crude oil” and “petroleum”?
Crude oil is the raw, unrefined liquid from the ground. Petroleum is a broader term including crude oil and all the products refined from it (gasoline, plastics, etc.).