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
Phillips 66 Beats Estimates as Refining Margins Rebound From 2024 Lows
Based in Houston, Texas, Phillips 66 (NYSE:PSX) outperformed Wall Street expectations for the fourth quarter, driven by a significant recovery in U.S. refining margins.
Oil Prices Set for First Weekly Dip of the Year
Crude oil prices were set for their first weekly decline since the start of the year as the risk of a direct military confrontation between the United States and Iran de-escalated. At the time of writing, Brent crude was trading at $68.09 per barrel, and WTI was changing hands for $63.95 per barrel, both slightly up from Thursday’s close but down from Monday.
Curious Minds Corner
Can oil be heavier than water?
Yes — some heavy crude oils and bitumen are denser than water and can sink instead of float.