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
World Oil Demand Growth Is Slowest Since Pandemic as China Cools, IEA Says
Global oil demand is dropping sharply due to China’s economic slowdown and the rise of electric vehicles, causing old prices to fall below $70 per barrel, the lowest in three years. OPEC+ faces a production surplus despite current cuts, and global oil demand is expected to stop growing by the end of the decade
Oil Prices Up 2% As Gulf Coast Producers Grapple With Tropical Storm
Oil prices have risen by 2% Tropical Storm Francine hitting Louisiana’s coast, causing several Gulf of Mexico platforms and refineries to reduce or halt operations. Despite the supply reduction, traders are concerned about a potential oversupply due to falling demand. Louisiana’s governor has declared a state of emergency.
Curious Minds Corner
Question of the week
What is the name of the pipeline, built
in the 1970s, that transports oil from
fields near Prudhoe Bay across Alaska
to the port city of Valdez?
The first person to answer the week’s question wins a reward from LDV Consulting. Good Luck!