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
EIA: U.S. Crude Inventories Post Another Major Draw
Crude oil inventories in the United States decreased by 3.8 million barrels during the week ending June 26, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 408.4 million barrels, according to government data, which is now 7% below the five-year average for this time of year.
Trump presses gas retailers to slash prices amid oil drop
President Donald Trump has ordered gasoline retailers to lower prices immediately, warning of ‘big problems’ if they fail to act. In multiple Truth Social posts, he argued that current pump prices are too high given crude oil’s drop to around $68 per barrel, and called for a target price of $2.50 per gallon.
Curious Minds Corner
What is a reservoir rock?
A porous and permeable rock that stores and transmits hydrocarbons.