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 prices rise on concerns about US-Iran tensions
Oil prices increased on Thursday morning as investors grew concerned over escalating tensions between the U.S. and Iran, which overshadowed a significant build in U.S. crude inventories. Brent crude rose to $69.74 a barrel and West Texas Intermediate reached $65.00, supported by geopolitical risks and signs of a healthy U.S. economy, despite a domestic crude stock increase of 8.5 million barrels that far exceeded analysts’ expectations.
U.S. Energy Secretary Says Venezuela Could See Surge in Oil Output
Venezuela’s crude oil production could increase dramatically as soon as this year, U.S. Energy Secretary Chris Wright said during his visit in the South American country.
Curious Minds Corner
What is “flaring”?
Flaring is the controlled burning of excess natural gas during oil production.