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
Oil Prices Set for Sharpest Weekly Jump Since Israel-Iran War
Crude oil prices today were set for their sharpest weekly rise since early June, when Israel launched a missile strike on Iran. This time, the jump was triggered by the news that Russia would introduce curbs on diesel exports, suggesting supply tightness. At the time of writing, Brent crude was trading at $69.59 per barrel and West Texas Intermediate was changing hands for $65.21 per barrel.
Chevron Flags $400 Million Hit From Hess Megadeal
Chevron is bracing for a quarterly dent of up to $400 million as the cost of absorbing Hess filters through its books. The company said Thursday it expects a third-quarter loss of $200 million to $400 million tied to the $55 billion acquisition, with adjusted earnings clipped by $50 million to $150 million once severance and other transaction charges are stripped out.
Curious Minds Corner
What is the start date of drilling a well officially called?
The “spud date”.