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 Pull Back After OPEC+ Supply Boost Shocks Markets, Focus Shifts To Trade Deals
Oil prices receded in early trading on Monday after the OPEC+ producer group agreed to a bigger-than-expected supply boost late last week amid concerns over demand. Benchmark Brent crude prices fell 1% to $67.63 per barrel, while West Texas Intermediate (WTI) crude prices were down 1% at $65.83 per barrel at 2.28 am GMT.
New Mexico oil spills have decreased despite increased production
Oil production in New Mexico is up, and industry spills are down. The Center for Western Priorities released oil and gas spill data last month as part of an annual Mountain West spills report. The 2024 numbers cover New Mexico, Wyoming and Colorado, which cumulatively spilled more than 7 million gallons of drilling-related liquids.
Curious Minds Corner
How does natural gas travel thousands of miles across continents?
Primarily through vast networks of underground steel pipelines.