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
Oil jumps 2% as investors weigh Ukraine talks against supply outlook
Oil prices rose by more than $1 on Monday as investors weighed talks between the U.S. and Ukrainian presidents on a possible deal to end the war in Ukraine against potential oil supply disruption in the Middle East. Brent crude futures rose $1.27, or 2.1%, to $61.91 a barrel while U.S. West Texas Intermediate crude was up $1.29, or 2.3%, at $58.03.
$5.6B Texas-to-Arizona gas pipeline upsized to meet demand
A natural gas pipeline from Permian Basin in west Texas to the Phoenix, Arizona area will get a capacity boost 50% larger than originally planned to meet strong market demand, oil and gas transportation company Energy Transfer announced.
Curious Minds Corner
Why do oil prices react so fast to geopolitical events?
Because oil is traded globally and even small disruptions or risks to supply can immediately affect futures markets and pricing expectations.