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 edges up as US peace push may add to oversupply, though stockpile pull lends support
Oil prices edged up on Thursday after falling in the previous session as concerns a U.S. push to end the Russia-Ukraine war may add supply into an amply supplied market were offset by a bigger-than-expected draw in U.S. crude stockpiles. Brent crude futures climbed 16 cents, to $63.67 a barrel, while U.S. West Texas Intermediate crude futures rose 17 cents, to $59.61.
China’s Oil Imports Surge as Middle East Flows Hit New Highs
China’s crude oil imports last month remained elevated, with purchases from some countries hitting all-time highs, according to customs data cited by Reuters.
Curious Minds Corner
What percentage of U.S. wells in 2023 were stripper wells?
About 77% of the 920,000 oil and gas wells in the U.S.