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
Energy Aspects: Oil Market Has Reached an “Inflection Point”
Crude oil prices are poised for further increases and the trending trajectory is higher, as global inventory drawdowns have accelerated and China is back to buying significantly higher crude oil volumes than in the spring, Energy Aspects founder and market intelligence director, Amrita Sen, told CNBC on Friday.
USA Diesel Hits $6 Per Gallon for First Time Ever
In a statement posted on its site on Thursday, GasBuddy noted that, according to its data, the average price of diesel in the U.S. had climbed to $6.00 per gallon for the first time in history. GasBuddy highlighted in the statement that the price of diesel in the U.S. was up roughly $2.30 from a year ago, when the national average sat near $3.70.
Curious Minds Corner
What is the primary purpose of a blowout preventer?
To control and seal a well in case of an uncontrolled pressure surge.