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.
Oil steadies as market weighs Russia supply risk and US rate decision
Oil prices held steady on Tuesday as markets weighed potential supply disruption from Russia after Ukrainian drone attacks on its refineries and the prospect of a U.S. central bank interest rate cut. Brent crude futures slipped 20 cents, to $67.24 a barrel by 0819 GMT, while U.S. West Texas Intermediate crude was at $63.11, down 19 cents.
North America Adds Rigs for 2 Straight Weeks
North America added seven rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on September 12.
The U.S. added two rigs and Canada added five rigs week on week, taking the total North America rig count up to 725, comprising 539 rigs from the U.S. and 186 rigs from Canada, the count outlined.
Curious Minds Corner
How many times more gas can you store by cooling natural gas into LNG?
About 600 times more.