Page 3 - Bloomberg Cmd News Today

Gulf Coast fuel makers could be shut for another week Barbara Powell and Jeffrey Bair, Bloomberg Feb. 18, 2021 FacebookTwitterEmail 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 m...

Jerry Jones gas company hits jackpot with surge during Texas power outages Sergio Chapa, Bloomberg FacebookTwitterEmail FILE:  Jerry Jones, owner of the Dallas Cowboys, looks on before the game against the Washington Football Team at FedExField on October 25, 2020 in Landover, Maryland. (Photo by Patrick McDermott/Getty Images)Patrick McDermott/Getty Images (Bloomberg) -- The natural gas producer owned by Dallas billionaire Jerry Jones is cashing in on a surge in prices for the fuel as a brut...

U.S. energy crisis leaves millions without power in big freeze Brian K. Sullivan and Naureen S. Malik, Bloomberg Feb. 16, 2021 FacebookTwitterEmail Pump jacks operate in the Permian Basin in Midland, Texas, U.S, on Saturday, Feb. 13, 2021. The arctic freeze gripping the central U.S. is raising the specter of power outages in Texas and ratcheting up pressure on energy prices already trading at unprecedented levels. Photographer: Matthew Busch/BloombergMatthew Busch/Bloomberg (Bloomberg) -- The ...

The biggest refineries in US are going dark amid the cold Jeffrey Bair and Barbara Powell, Bloomberg Feb. 16, 2021 FacebookTwitterEmail The Port Arthur Refinery, operated by Motiva Enterprises, closed Monday.Jon Shapley, Staff photographer / Staff photographer After creating havoc in the power and natural gas markets, the next commodity sector causing concern in Texas is the state’s enormous oil refining industry, where installations are being forced offline by the big freeze. The largest re...

Texas cold blast boosts oil Sharon Cho, Rob Verdonck and Alex Longley, Bloomberg Feb. 15, 2021 FacebookTwitterEmail Oil rallied to a 13-month high as cold weather in Texas disrupted flows from America’s largest shale patch, exposing the fragility of global supplies amid sharp cutbacks by OPEC and its allies. U.S. West Texas Intermediate futures surged as much as 2.5% and rose above $60 a barrel for the first time since January last year. Brent crude in London, meanwhile, rose above $63. Perm...

Natural gas prices soar as cold temperatures spread over U.S. Brian K. Sullivan, Bloomberg FacebookTwitterEmail Prices for natural gas, propane and heating oil, fuels used to heat homes, are surging as cold sets in over most of the U.S. Spot gas at the Waha hub in Texas traded at a two-year high Monday while, at Boston’s Algonquin City Gate hub, prices neared a two-year high. Demand for propane has surged to its highest since 2004. A parade of snowstorms is threatening to roll through the E...

Oil climbs for 7th-straight session Bloomberg FacebookTwitterEmail Offshore drilling rigs in the North Sea.Simon Dawson/Bloomberg Oil continued its advance for the seventh straight session on expectations of a strong rebound in demand and as as the dollar weakened. Futures in New York climbed to above $58 a barrel, the highest since January 2020 after a choppy trading session Tuesday. The nearest Brent contract sharply widened its premium to the following month, pointing to supply tightness, wi...

Biden to bar Keystone pipeline within hours of taking office Jennifer A. Dlouhy and Ari Natter, Bloomberg Jan. 20, 2021 FacebookTwitterEmail Canadian pipeline operator TC Energy is moving forward with plans to build the controversial Keystone XL Pipeline, a project to move heavy crude oil from the tar sands region of Canada to Nebraska where it will then move on to refineries in Illinois and along the Gulf Coast. TC Energy Joe Biden will cancel the Keystone XL oil pipeline hours after becomin...

Oil slumps along with consumer sentiment Andres Guerra Luz, Bloomberg FacebookTwitterEmail FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M.Charlie Riedel/Associated Press Oil slid by the most in three weeks as a stronger dollar and weak U.S. economic data stoked concerns over an economic rebound. Futures in New York tumbled 2.3 percent on Friday after a rally in oil earlier in the week pushed the benchmark into overbought territory. The U.S. dollar stre...

Oil driller Ovintiv faces proxy battle threat from Kimmeridge Scott Deveau, Bloomberg FacebookTwitterEmail Ovintiv  used cube development at its RAB Davidson lease in the Permian Basin.Courtesy Ovintiv Kimmeridge Energy Management Co. said it’s prepared to nominate directors to the board of Ovintiv Inc. if the oil and gas producer fails to take the necessary steps to improve its performance and restore investor confidence. The private equity firm, which said it owns a 2.4% stake in Ovintiv,...