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Shell said its withdrawal from Russia will result in $4 billion to $5 billion of...

Oil prices crashed more than 10 percent as a new coronavirus strain sparked fears that...

Texas, already home to the most vulnerable power grid in the U.S., is about to be hit by...

Oil rally could extend into summer Elizabeth Low and Alex Longley, Bloomberg Feb. 24, 2021 FacebookTwitterEmail The effects of the winter storm in Texas may be seen on crude stockpiles when government data is released Wednesday.David Paul Morris / Bloomberg Oil climbed again, with mixed news on global inventories offset by expectations of a prolonged market rally into the summer. Futures in New York climbed as much as 1.4%, wiping out an earlier loss. The American Petroleum Institute reported crude inventories increased by 1.03 million barrels last week, though stockpiles at a key European s...

Oil's gains evaporate as wells restart Sharon Cho and Alex Longley, Bloomberg Feb. 19, 2021 FacebookTwitterEmail Idle oil rigs in Texas are expected to soon see action in Texas as the price of crude rises to near $60.Matthew Busch/Bloomberg Oil fell for a second day as production slowly restarted in Texas and the White House said it would be willing to meet with Iran, potentially paving the way for more crude exports from the Persian Gulf nation. Futures in New York dropped toward $59 a barrel. Companies are using restored power from grids or generators to resume output that was halted by th...