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
Record oil production in West Texas helps stabilize U.S. supply amid Iran war
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose 3.719 million barrels in the week ending April 3. In the week prior, US crude oil inventories rose by 10.263 million barrels. Analysts had expected a 1.598 million barrel draw.
Oil Prices Rise as Iran Signals Hormuz Closure
Oil prices, which fell below $100 per barrel following the news of the ceasefire, are now starting to climb back up as the belief that the deal would hold for two whole weeks appears to be scarce. Reports about Iran attacking Saudi Arabia’s East-West pipeline did not help fuel optimism, either.
Curious Minds Corner
What ancient civilization first used bamboo pipelines to transport natural gas in 500 BC?
China, where locals piped natural gas over 100 miles from Sichuan wells to fuel salt production—predating modern pipelines by millennia.