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 Steadies After Two-Day Drop With Glut Concerns to the Fore
WTI crude held near $58/bbl as Trafigura warned of a potential 2026 “super glut” driven by record U.S. production and weak Chinese demand. Despite a recent draw in crude stocks, prices remain suppressed by rising gasoline inventories and poor refining margins, confirming that global supply continues to overwhelm consumption.
Venture Global Strikes Back at Shell in LNG Arbitration Case
Venture Global has claimed Shell has no evidence of Venture Global being involved in any wrongdoing, following the supermajor’s submission of an appeal to an earlier court ruling, in which the court sided with the U.S. LNG producer.
Curious Minds Corner
What does “proven reserves” mean in the oil industry?
“Proven reserves” refers to the amount of oil that is reasonably certain to be recoverable under current economic and technological conditions.