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
Your go-to source for the latest updates and insights in the energy sector.
Oil rises after OPEC+ hikes output less than expected
Oil prices rose more than 1% on Monday after OPEC+’s planned production increase for November was more modest than expected, tempering some concerns about supply additions, though a soft outlook for demand is likely to cap near-term gains. Brent crude futures climbed to $65.52 a barrel, while U.S. West Texas Intermediate crude was at $61.83.
Texas approves $13.8 B plan for Permian Basin grid
Texas regulators have approved a sweeping reliability plan for the Permian Basin to address soaring electricity demand driven by oil and gas production, data centres, and industrial growth. The plan could see the state’s first 765-kV transmission lines built to import power from other regions, marking a milestone in Texas grid development.
Curious Minds Corner
What is the name of a well drilled without previous nearby oil or gas production?
A “wildcat” well.