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What began as a power issue for a handful of U.S. states is rippling into a shock for the world’s oil market.

What began as a power issue for a handful of U.S. states is rippling into a shock for the world’s oil market.

Brent crude oil surged above $65 a barrel on Thursday, a level not seen since last January.

4 hours Shell To Put Energy Transition Plan To Shareholder Vote 5 hours Businesses Call For Market-Based Approach To Climate Change 6 hours Mexican Parliament Passes Law That Restricts Fuel Imports Of Private Companies 7 hours Executives' Pay Deters Big Oil From Acting On Climate Change 23 hours Oil Soars 5% As Bullish News Mounts 24 hours Brazil Looks To Finance Fuel Subsidies With Oil Auctions 1 day U.S. Boosts Oil Exports To Canada 1 day The U.S. Power Sector Has ...

Falling Texas crude output becomes a global oil market crisis By Alex Longley on 2/18/2021 click to enlarge LONDON (Bloomberg) --What began as a power issue for a handful of U.S. states is rippling into a shock for the world’s oil market. More than 4 million barrels a day of output -- almost 40% of the nation’s crude production -- is now offline, according to traders and executives. One of the world’s biggest oil refining centers has seen output drastically cut back. The waterways that help U.S. oil flow to the rest of the world have been disrupt...