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
WTI heads for weekly gains as Fed hopes boost market and Venezuela tensions loom
West Texas Intermediate (WTI) crude prices are hovering around $59.57 per barrel, poised for a weekly gain. The market is currently supported by expectations of a Federal Reserve interest rate cut next week and escalating tensions between the U.S. and Venezuela. However, prices remain rangebound as traders weigh these geopolitical risks against a potential surplus.
Chevron Moves Ahead With $2 Billion Expansion at Gorgon LNG
Chevron and its partners in the Gorgon LNG facility offshore Australia have approved a $2-billion expansion project that would involve drilling six new wells and connecting new reserves to existing infrastructure.
Curious Minds Corner
What is a “stripper well”?
A low‑output oil/gas well; in U.S., an oil well producing ≤15 barrels/day over 12 months.