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
Goldman Expects OPEC+ Output Hikes to End in August
Goldman Sachs expects OPEC+ to make its final production hike in August at the now standard level of 411,000 barrels daily. The market reaction to the announcement was pretty much not worth mentioning because an escalation between Russia and the Ukraine drew traders’ attention to the issue of geopolitics and supply security, sending oil prices actually higher.
New Law Aims To Protect Texas Oil And Gas Industry From Lawsuits
Both of Texas’ U.S. senators and one congressman, all from Houston, have filed a bill to protect the oil and natural gas industry. Texas Republicans U.S. Sens. Ted Cruz and John Cornyn filed the Protect LNG Act in the Senate; U.S. Rep. Wesley Hunt, R-Texas, filed companion legislation in the House.
Curious Minds Corner
Why is oil measured in “barrels,” and how much is that?
The 42-gallon barrel became standard in the early Pennsylvania oil fields for transport; it’s still the industry unit today.