The second day of marathon hearings on Texas’s unprecedented energy crisis raised concerns about the liquidity of the state’s power market, and who will ultimately pay for the disaster as some companies face bankruptcy. Several […]
ICE exchange, home of Brent oil futures trading, has put pressure on pricing agency Platts to postpone its physical Brent market reform, saying the market needs more time to consult and adjust the value of derivatives in line with the […]
New Delhi: India and China led the recovery in Liquified Natural Gas (LNG) demand following the outbreak of the Covid-19 pandemic, according to Royal Dutch Shell’s annual LNG Outlook published today. The company said in a statement that India increased imports by […]
International oil companies (IOCs) are primed for a V-shaped recovery in free cash flow and may generate record figures this year if oil prices average $55 a barrel. That’s according to analysis from global natural […]
The power supply shortages that slammed Texas last week drove spot electricity prices sky-high for some locally owned utilities, with one town on the hook for more than $200 million and other municipalities anxiously awaiting […]
Pioneer Natural Resources CEO Scott Sheffield speaks with Bloomberg’s Alix Steel and Guy Johnson about the progress of his company during Q1 and the energy crisis in Texas that’s left customers with inflated prices on […]
OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks […]
Texas’s grid operator has already seen some retail electricity providers default as bills for last week’s grid emergency come due, officials said Wednesday. The Electric Reliability Council of Texas, known as Ercot, is working to […]
One in every seven Texas gas stations is without fuel a week after the historic freeze crippled refineries and trucking, prompting at least one major retailer in the second-largest U.S. state to seek outside help. […]
While oil’s dizzying collapse is still fresh for many traders, rumblings are starting to emerge that by the end of next year prices could once again top $100 a barrel. Azerbaijan’s Socar Trading SA predicts […]
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