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 maintains gains on supply risks and US plan to refill strategic reserves
Oil prices pushed higher for a second day on Wednesday, buoyed by sanctions-related supply risks, hopes of a US-China trade deal and news that the US is seeking oil for delivery to its strategic reserves. Brent crude futures rose 18 cents, or 0.29%, to $61.50 a barrel as of 0137 GMT, while US West Texas Intermediate crude futures climbed 21 cents, or 0.37%, to $57.45.
RRC Announces Members of Petroleum Theft Task Force
The Texas Railroad Commission (RRC) announced members of a “critical task force on petroleum theft” in a statement posted on its site recently. “Thirteen Texans will play a crucial role in helping fight petroleum theft plaguing the Texas energy industry as members of the State Taskforce on Petroleum Theft (STOPTHEFT),” the statement noted.
Curious Minds Corner
What’s the term for deviating a well bore directionally while drilling?
Directional drilling, which today may go horizontal for 2 miles or more.