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 soar on fears of long supply disruption, US siege of Iran ports
US crude settled up 6.95 percent at $106.88 per barrel on Wednesday, and Brent crude, the international benchmark, was up 6.08 percent, or $6.77, at $118.03 after earlier touching its highest price since June 2022, the Reuters news agency reports.
USA Has More Natural Gas Than It Can Use
Drillers in the Permian Basin of West Texas and New Mexico have helped make the US the world’s largest oil producer. In the process, they’ve also glutted the region with natural gas, which is extracted there as a byproduct of crude.
Curious Minds Corner
How did John D. Rockefeller once control 90% of America’s oil through one sneaky company?
Standard Oil used ruthless tactics like secret railroad rebates and buyouts to monopolize refining until its 1911 breakup.