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
U.S. Natural Gas Consumption Soars
U.S. power producers generated a total of 55.6 million megawatt hours (MWh) from gas-fired power plants between January and September, according to data from LSEG quoted by Reuters’s columnist Gavin Maguire. This is up by 5% compared to the same period of last year. It’s also the highest power generation from natural gas since at least 2021.
Oil Prices Drop as War Premium Fades
Earlier in the day, oil held on to the gains that saw Brent crude breach $80 per barrel for the first time in months. The benchmarks had booked five straight days of gains amid rising tensions between Israel and Iran.
Curious Minds Corner
Question of the week
What is the process called where crude oil is heated and separated into different components?
Fractional distillation.