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Oil Briefly Tops $65 in London Amid Shockwaves From U.S. Freeze

Oil Slides With U.S. Refinery Outages Boding Poorly for Demand
Bloomberg
2/18/2021
Andres Guerra Luz
(Bloomberg) Oil fell the most in nearly a month alongside a broader market selloff with the ongoing energy crisis in the U.S. likely keeping refineries shut for another week.
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Futures in New York declined 1% in a choppy trading session on Thursday. While U.S. oil output has plunged nearly 40% amid the unprecedented cold blast in parts of the country, crude demand from refineries is expected to remain weak as Gulf Coast fuel-making plants make repairs and take time to restart following operating issues caused by the freezing temperatures. Further pressuring prices, U.S. equities weakened after initial jobless claims hit a four-week high. ....

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Oil Near $65 as US Crisis Now Global Supply Shock

Brent oil traded near $65 a barrel as a cold blast that's taken out almost 40 percent of U.S. crude production morphed into a global supply shock. ....

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Texas Power Outages Fall Below 600,000: Energy Update

Texas Power Outages Fall Below 600,000: Energy Update
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Texas Bans Gas Exports, 1.6 Million Get Power: Energy Update

Texas Bans Gas Exports, 1.6 Million Get Power: Energy Update
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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