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 Jumps Nearly 4% as Houthis Threaten Red Sea Blockade
Oil prices jumped by nearly 4% early on Wednesday as concerns about crude supply from the Middle East intensify with threats to shipping at both chokepoints in the region, the Strait of Hormuz and the Bab el-Mandeb Strait. Brent Crude prices jumped by 3.75% to trade at $94.42 and the U.S. benchmark, WTI Crude, was rising by 3.69% to trade at $87.45 per barrel.
Chevron Shuts Production in Preparation for Bertha
A Chevron spokesperson told Rigzone on Tuesday that, in preparation for Tropical Storm Bertha, the company had shut-in production at its Petronius facility and moved all associated personnel onshore.
Curious Minds Corner
What process removes impurities from crude oil by separating it into fractions?
Fractional distillation.