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, Fuel Contracts Break Records on Surging Prices
Oil and fuel futures and options contracts traded on Monday hit an all-time high as traders rushed to lock in surging benchmark prices, Reuters has reported, citing ICE data. The total number of futures and options in crude and fuels reached 12.7 million, with the number of contracts for ICE’s Low Sulphur Gasoil hitting 1.3 million—the highest ever.
Oil, gas prices jump as Iran war disrupts Middle East output
Oil and gas prices surged Monday after U.S. and Israeli strikes on Iran killed Supreme Leader Khamenei. Iran retaliated by closing the Strait of Hormuz — a chokepoint for 20% of the world’s seaborne oil — and attacking key energy infrastructure in Saudi Arabia and Qatar, including the Ras Laffan LNG terminal. Experts warn prices could climb further the longer the strait remains closed.
Curious Minds Corner
What is the Marcellus formation?
The Marcellus is a sedimentary rock formation in Pennsylvania, New York, and West Virginia, key to modern fracking operations.