Last weekend, a major winter weather system characterized by extreme cold spread across much of the central United States, disrupting energy systems and causing serious health and safety issues, particularly in Texas. At the same […]
At least 47 people were dead, hundreds of thousands of homes were still without power, half of the state was under a boil water order, racialized communities were bearing the brunt, and the electricity system […]
At 06:30 GMT, the front-month March WTI contract on Nymex was at $59.73/bl. The contract had traded as low as $58.59/bl earlier in the day, down by 3.19pc from its settlement yesterday. WTI had settled […]
Millions of Texans have gone days without power or heat in subfreezing temperatures brought on by snow and ice storms. Limited regulations on companies that generate power and a history of isolating Texas from federal oversight help […]
Texas Governor Greg Abbott is banning sales of the state’s natural gas beyond its borders in the latest sign the crisis roiling energy markets and leaving millions in the dark is far from abating. Top U.S. liquefied […]
Brent oil traded near $65 a barrel as a cold blast that’s taken out almost 40% of U.S. crude production morphed into a global supply shock. Futures in London rose 0.8% after closing at the […]
Saudi Arabia plans to increase its oil output in the coming months, reversing a recent big production cut, say advisers to the Kingdom, a sign of growing confidence over an oil-price recovery. The world’s largest […]
There’s no sign yet of a pause in the dramatic rally in natural gas prices across the central U.S., where spot rates have now breached the $1,000 mark, more than 100 times their level just […]
Throughout much of its history, the United States has imported more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it has exported. That status changed in 2020. The U.S. Energy Information […]
Paul Sankey, founder and lead analyst at Sankey Research, discusses the impact of the wintry blast in Texas on U.S. oil and natural gas production. He speaks with Bloomberg’s Tom Keene on “Bloomberg Surveillance.” (Source: […]
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