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
Venezuelan oil’s return could impact Texas refineries and gas prices nationwide
Nobody handles oil quite like Texas and a fresh supply of Venezuelan crude could soon be headed to the Lone Star State’s coast. The first barrels of thick, tar-like crude could arrive as soon as next week at ports across Texas, Louisiana and Mississippi, where dense clusters of refineries are built and bred to process heavy oil.
Texas oil and gas industry paid $27 billion in taxes in 2025
The Texas oil and natural gas industry paid $27 billion in state and local taxes and state royalties in fiscal 2025. It was the second highest total the industry paid in recorded state history.
Curious Minds Corner
Why did ancient civilizations use crude oil and bitumen even
thousands of years ago?
Because small natural seepages (“seeps”) of oil and bitumen were accessible at surface — ancient peoples used them for waterproofing, medicine, and even warfare (e.g. incendiary bitumen).