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
Storm Helene May Spare Gulf of Mexico Oil Platforms
Hurricane Francine significantly impacted the Gulf of Mexico, shutting in nearly 700,000 bpd of oil production and disrupting operations for days. The Gulf, which produces 14% of U.S. crude oil and 5% of natural gas, also saw its refining and gas processing capacities affected. Despite forecasts predicting up to 33 named storms this season, Helene is only the eighth, with half making landfall.
OPEC is highly bullish on long-term oil demand growth. Not everyone agrees
OPEC remains confident in the long-term growth of global oil demand, despite recent fluctuations in the market. The organization maintains its bullish outlook, citing factors such as increasing population, economic development, and electrification trends.
Curious Minds Corner
Question of the week
Which country is the largest producer of crude oil in the world?
The first person to answer the week’s question wins a reward from LDV Consulting. Good Luck!