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
Your go-to source for the latest updates and insights in the energy sector.
Oil Down, Still on Track for 20 Pct Monthly Gain
Both Brent and West Texas Intermediate (WTI) oil prices were down on Friday, but still on track for notable monthly gains, Naeem Aslam, CIO at Zaye Capital Markets, outlined in a market analysis sent to Rigzone today. In the analysis, Aslam highlighted that Brent crude was trading near $88 per barrel and WTI was trading near $82 per barrel on Friday.
Texas oil tycoon plots $5bn Saudi oil refinery to break Hormuz blockade
A Texas oil tycoon is plotting a $5bn (£3.8bn) oil refinery to bypass Iran’s blockade of the Strait of Hormuz. Marc Gunderson, the founder of MWG Enterprises, has joined forces with two Middle East investment funds to develop the new terminal, which could reduce Iran’s grip on exports from the Persian Gulf.
Curious Minds Corner
What is a “field” in oil and gas terminology?
A geographic area containing one or more reservoirs of hydrocarbons.