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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 Tumbles 3% as Iran Floats Hormuz Reopening Within a Week
The international benchmark, Brent Crude, slipped below the $100 per barrel mark for the first time in a week, and was trading at $98 a barrel as of publication. The U.S. benchmark, WTI Crude, fell to $91 per barrel.
U.S. diesel surged again over the last week, GasBuddy highlighted in a blog posted on its website on Monday. The blog revealed that the national average price of diesel rose 30.7 cents in the last week and stood at $6.490 per gallon.
Curious Minds Corner
What is the key role of a floating production storage and offloading unit?
It produces, stores, and transfers hydrocarbons offshore.