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 Prices Rebound as Trump’s Iran Armada Rhetoric Revives Supply Fears
Remarks by President Donald Trump about a U.S. “armada” on its way to Iran reversed a Thursday drop in oil benchmarks, setting them for a weekly gain. At the time of writing, Brent crude was trading at $64.50 per barrel, with West Texas Intermediate at $59.78 per barrel.
Donald Trump vowed to unleash U.S. oil. A year later, low prices are squeezing Texas producers.
President Donald Trump promised “we will drill, baby, drill” during his 2025 inauguration speech. But this rallying cry for oil companies conflicted with another, more-important priority for the new president: to drive down oil prices,which discourages drilling and eats into profits.
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.