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
US oil and gas industry sets production records in November, led by Texas
The U.S. oil and natural gas industry set oil and natural gas production records in November. Crude oil output reached an estimated 5.9 million barrels per day in November, the highest level ever recorded in U.S. history, according to U.S. Energy Information Agency data.
Oil gained for a fifth straight day in thin trading as investors weighed the US clampdown on shipments from Venezuela against weak demand. West Texas Intermediate rose 0.6% to settle above $58 a barrel, while Brent topped $62. The US has boarded one tanker, seized another and recently pursued a third near Venezuela.
Curious Minds Corner
Can natural gas be transported long distances even if pipelines don’t exist?
Yes — by cooling it to around –162 °C to liquefy it into LNG (liquefied natural gas), reducing volume ~ 600×, making transport across oceans possible.