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
In August, China’s refining rates dropped by 10% from July and 17.5% year-on-year, while inventories rose by 3.2 million barrels daily, the largest monthly increase since 2015. This decline in oil demand led to a net short position in the market for the first time. The Federal Reserve is expected to announce an interest rate cut, which might positively impact crude prices, though the effect could be limited.
AI Boom Is Driving a Surprise Resurgence of USA Gas-Fired Power
U.S. energy companies are rapidly planning new natural gas power plants to meet rising demand from data centers, manufacturing, and electric vehicles. While natural gas reduces coal use, it can leak methane, complicating zero-emission goals. Some companies are revising carbon reduction targets due to increased demand and relaxed requirements. Alternatives like solar and battery systems are also being considered.
Curious Minds Corner
Question of the week
What is the primary component of natural gas?
The first person to answer the week’s question wins a reward from LDV Consulting. Good Luck!