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 rises $2 as Iran announces closure of Strait of Hormuz following US strikes
Brent futures rose $2.30, or 2.47%, to $95.40 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed $2.60, or 2.89%, to $92.63. U.S. crude futures gained more than $3 earlier in the session.
US offers to loan up to 40 million barrels of oil from Strategic Petroleum Reserve
The U.S. is seeking to loan energy companies up to 40 million barrels of crude oil from the Strategic Petroleum Reserve to help push fuel prices down, the Department of Energy said on Wednesday.
Curious Minds Corner
How many Olympic-sized swimming pools get filled daily by global oil production?
About 60, as daily output hits 100 million barrels (each pool holds ~660,000 gallons).