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 […]
Apollo Global Management Inc. and Global Infrastructure Partners are among suitors that bid for a roughly $10 billion stake in Saudi Aramco’s oil pipelines, people familiar with the matter said. Canada’s Brookfield Asset Management Inc., […]
The Permian Basin will be the go-to target for Devon Energy Corp. this year, with 80% of this year’s capital budget and nearly all of the rigs directed to the massive formation. The Oklahoma City-based […]
Sachs Commodities Research raised by $10 its Brent crude oil price forecasts for the second and third quarters of 2021, citing lower expected inventories, higher marginal costs to restart upstream activity and speculative inflows. The Wall Street bank expects […]
Commodities rose to their highest in almost eight years amid booming investor appetite for everything from oil to corn. Hedge funds have piled into what’s become the biggest bullish wager on the asset class in at […]
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