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
U.S. Refiners Snap Up Venezuelan Crude at Steep Discounts
Valero and Phillips 66 have bought two cargoes of Venezuelan crude that are part of the 50 million barrels that the Trump administration said Venezuela would supply to the United States after the ousting of President Nicolas Maduro earlier this month.
Natural gas prices soar as winter storm threatens U.S.
U.S. natural gas futures jumped more than 50% in two days, putting futures on track for their biggest weekly gain in more than three decades, as dangerously cold temperatures are set to take hold of a massive swath of the country. A massive storm will descend on the U.S. starting Friday, plunging Texas into a deep freeze before threatening to dump snow on New York City and Boston.
Curious Minds Corner
Can natural gas be frozen?
Yes — when cooled to about –162 °C (–260 °F), natural gas becomes liquefied natural gas (LNG), reducing its volume by about 600 times.