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
TotalEnergies secures 10% direct stake in Rio Grande LNG Train 4 project
TotalEnergies has signed agreements with NextDecade to take a 10% stake in the joint venture developing Train 4 of Rio Grande LNG (RGLNG), a liquefied natural gas (LNG) plant project located in South Texas. In addition to the 10% held directly, TotalEnergies will hold indirectly next to 7% in this Train 4 as a 17.1% shareholder of NextDecade.
Oil prices flat amid weak US demand, softening economy
Oil prices were flat on Thursday, cooling from the previous session as weak demand in the United States and broad oversupply risks countered concern over attacks in the Middle East and Russia’s war in Ukraine. Brent crude futures were up 1 cent, or 0.01 per cent, at $67.50 a barrel by 0156 GMT, and U.S. West Texas Intermediate crude futures added 2 cents, or 0.03 per cent, to $63.69.
Curious Minds Corner
Where was the world’s first commercial natural gas well drilled?
Fredonia, New York, in 1825.