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.
US Energy Majors among Potential Lukoil Bidders
Exxon Mobil Corp., Chevron Corp., Abu Dhabi National Oil Co. as well as US private equity giant Carlyle Group are among companies interested in Lukoil PJSC’s international assets, a sale hastened by US sanctions due to kick in next month.
Oil falls on oversupply concerns but tighter fuel markets limit drop
Oil prices fell on Wednesday due to higher crude inventories in the U.S., reinforcing oversupply concerns, but falls were limited by a tighter fuel market as a result of attacks against Russia’s oil infrastructure. Brent crude futures fell 71 cents, to $64.18 a barrel. U.S. West Texas Intermediate crude futures fell 63 cents, or 1%, to $60.11 a barrel, after rising 1.4% on Tuesday.
Curious Minds Corner
What percentage of U.S. wells in 2023 were stripper wells?
About 77% of the 920,000 oil and gas wells in the U.S.