Oil prices rose on Monday after reports that the U.S. had intercepted an oil tanker in international waters off the coast of Venezuela, raising fears of supply disruption. Brent crude (CO1:COM) futures rose 1.4% to $61.32 a barrel after two weekly declines, while U.S. West Texas Intermediate (CL1:COM) gained 1.5% at $57.36.
The Dallas Fed Energy Survey oil and gas activity decline has emerged as a critical indicator for understanding regional energy sector dynamics across Texas, northern Louisiana, and southern New Mexico.
Curious Minds Corner
Can natural gas be transported long distances even if pipelines don’t exist?
Yes — by cooling it to around –162 °C to liquefy it into LNG (liquefied natural gas), reducing volume ~ 600×, making transport across oceans possible.