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
WTI Hits 4-Year Low After Supply Surge
Oil dropped after OPEC+ agreed to another large output increase, raising concern that additional supply could lead to a global glut just as the trade war threatens demand.
West Texas Intermediate futures fell 2% to settle just above $57 a barrel, a fresh four-year low for the closing price.
Oil Price Slide Triggers Demand Jump and Slight Rebound
Low oil prices have done what they always do, boosting demand for the commodity. This, in turn, has led to a change in oil’s fortune, seeing Brent recover to over $60 per barrel and West Texas Intermediate bounce from the mid-50s.
Curious Minds Corner
How deep does the deepest oil well go?
The Z-44 Chayvo well (Sakhalin-1 project, Russia) reached a record measured depth of 12,376 meters (over 7.7 miles).