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 Tops $100 as Supply Crisis Deepens
Crude oil prices were on course for a sizable weekly gain today, as the Strait of Hormuz remains almost entirely paralysed and the Yemeni Houthis target tankers in the Bab el-Mandeb Strait in the Red Sea. At the time of writing, Brent crude was trading at $100.30 per barrel, with West Texas Intermediate at $91.70 per barrel, both up by over $10 per barrel since Monday.
U.S. Strategic Petroleum Reserve hits lowest level since 1983 while oil prices surge
Crude oil prices are back over $100 per barrel as the war in Iran escalates. This comes as the U.S. continues to deplete its Strategic Petroleum Reserve to 40-year lows, as it tries to buffer the economic impact of the war. NBC News’ Allie Canal reports.
Curious Minds Corner
What process removes impurities from crude oil by separating it into fractions?
Fractional distillation.