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
Crude Oil Prices Ease on Dec 23 After Strong Previous Session
Crude Oil prices softened in early Asian trade on Tuesday after gaining more than 2% in the previous session, as markets reacted to fresh geopolitical developments while remaining cautious about longer-term supply conditions. Brent crude slipped to around $61.96 per barrel, while U.S. West Texas Intermediate traded near $57.88.
Shell, INEOS Hit New Gas Discovery in US Gulf
Shell PLC discovered more oil on the United States side of the Gulf of America in the Norphlet play, license partner INEOS Group Ltd said Monday. Nashville “marks INEOS’ first successful exploration well in the region”, the British diversified company said in an online statement.
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.