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
Permian to retain US oil crown even after hitting peak
The Permian basin, which straddles West Texas and southeastern New Mexico, is set to produce a record-high 6.76 million barrels per day (bpd) of oil in December, only slightly higher than November’s total, the U.S. Energy Information Administration said in its latest Short Term Energy Outlook.
US seizes sanctioned oil tanker off coast of Venezuela, Trump says
The U.S. has seized a sanctioned oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, a move that sent oil prices higher and sharply escalated tensions between Washington and Caracas.
Curious Minds Corner
What does “proven reserves” mean in the oil industry?
“Proven reserves” refers to the amount of oil that is reasonably certain to be recoverable under current economic and technological conditions.