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 gains 3% after OPEC+ delays output hike, US election in focus
Oil prices rose by about 3% after OPEC+ delayed its output hike by a month. The U.S. presidential election is in focus, with Kamala Harris and Donald Trump nearly tied in polls. Brent crude increased by 2.9% to $75.23 per barrel, while WTI crude rose by 3.1% to $71.64 per barrel.
California Gasoline Prices Set for Another Hike
California authorities are about to make gasoline even more expensive for local drivers following a further tightening of emission rules, scheduled to be voted on this week. The vote would amend the state’s Low Carbon Fuel Standard, a program that began back in 2011 with the aim of incentivizing fuel producers to make lower-emission products by creating a carbon credit marketplace worth some $2 billion.
Curious Minds Corner
Question of the week
What is the main use of petroleum?
Fuel for transportation (gasoline, diesel, jet fuel).