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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 markets affected more than 20 oil refineries in Texas, Louisiana and Oklahoma. Crude-processing capac...

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 brutal freeze grips the central U.S., leaving millions without power. Comstock Resources Inc. has bee...

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 energy crisis crippling power grids across the U.S. showed no sign of abating on Tuesday morning as ...

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 refineries in North America shut down Monday because of arctic conditions that have cut electricity, w...

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. Permian oil production has fallen by as much as 1 million barrels a day as temperatures fall to minus 1 ...