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 Climb Toward $100 as Middle East Peace Hopes Fade
Brent crude ticked up closer to $100 per barrel today as hopes for peace in the Middle East continued to shrink amid renewed mutual threats between the United States and Iran. At the time of writing, the international benchmark was trading at $97.66 per barrel, with West Texas Intermediate at $93.05 per barrel.
Global Diesel Supply Crunch Is Set to Last Through Winter
Global diesel fuel supply will remain tight into next year for lack of enough refining capacity to pick up the slack from Middle Eastern and Russian facilities, Reuters has reported, citing refining and commodity trading industry executives.
Curious Minds Corner
What is the primary purpose of a blowout preventer?
To control and seal a well in case of an uncontrolled pressure surge.