NEW YORK: Oil prices fell on Thursday despite a sharp drop in U.S. crude inventories, as market participants took profits following days of buying spurred by a cold snap in the largest U.S. energy-producing state.
Battered: Motorists travel on ice and snow yesterday on Golder Avenue in Odessa, Texas. Several automakers were forced to idle production here as a winter weather pattern caused disruptions. AP
TEXAS: Several automakers, including General Motors Co, Ford Motor Co and Toyota Motor Corp, were forced to idle production at US plants in the centre of the country as a winter weather pattern caused power outages and other disruptions.
GM cancelled the first and second shifts on Tuesday at its factory in Arlington, Texas, after shutting down Monday due to rolling blackouts and workers having difficulty getting to the facility in the snowstorm.
Lumberton under boil water notice after freeze causes problems
Lumberton under boil water notice after freeze causes problems By WDAM Staff | February 17, 2021 at 6:05 PM CST - Updated February 17 at 6:05 PM
LUMBERTON, Miss. (WDAM) - Lumberton city employees are working to repair frozen pipes and other facilities after this week’s freezing temperatures took a toll on equipment.
Residents remain on a boil water notice.
Mayor Quincy Rogers said the city is working as fast as possible to get everything back to normal.
“Our chlorinating room, every pipe inside there busted,” Rogers said. “So now our residents don’t have water that is even chlorinated right now. So we’re having them do a boil water notice until further notice. Parts for that particular room are on backorder, so if we don’t get them by Friday, it will probably be Monday before we can get these parts in.”
Gulf Coast fuel makers could be shut for another week
Barbara Powell and Jeffrey Bair, Bloomberg
Feb. 18, 2021
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Restarting a refinery isn’t like flipping a light switch when the power comes back on.Brandon Thibodeaux/NYT
Fuel makers on the U.S. Gulf Coast may take a week or longer to get their frozen oil refineries running safely, even if at reduced rates, and that could mean higher gasoline and diesel prices at the pump.
The deep freeze and power outages roiling energy markets affected more than 20 oil refineries in Texas, Louisiana and Oklahoma. Crude-processing capacity fell by about 5.5 million barrels a day, according to Amrita Sen, chief oil analyst for consultant Energy Aspects Ltd.