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Power Outages Main Cause of Oil, Gas Shut-Ins Bloomberg 2/26/2021 Naureen S. Malik, Joe Carroll, David Wethe and Mark Chediak (Bloomberg) -- Texas lawmakers’ attempt to understand why the state’s power system failed last week yielded plenty of blame but few clear answers on how to prevent a similar crisis in the future. Popular Searches In two marathon hearings, lawmakers grilled the state’s biggest power providers, its grid operator and regulators about the blackouts that left more than four million homes and businesses without heat, light and water during a deep wint...

Texas Power Crisis Moves Into Fourth Day With Millions in Dark Bloomberg 2/18/2021 Naureen S. Malik, Mark Chediak and Josh Saul (Bloomberg) -- The crisis that has knocked out power to millions of homes and businesses in Texas and the central U.S. is poised to enter a fourth day, with millions still in the dark. While Texas’s grid operator was able to restore power to 1.8 million homes Wednesday, 1.2 million remain without electricity, according to a spokesperson. That’s about 3.6 million people based on the size of the average household. Around 43 gigawatts of generation...

Winter Is Colder This Year and That’s Good for Energy Prices Bloomberg 1/6/2021 Bloomberg News (Bloomberg) -- Freezing weather that’s gripped large parts of the northern hemisphere is delivering a winter blessing for oil, gas and coal prices as suppliers meet a surge in heating demand. Popular Searches Temperatures across much of Europe and Asia are well below normal and forecasters expect them to stay there for most of January. The chill is supporting oil prices, which are holding above $50 a barrel, while the profit from turning crude into diesel climbed in Europe to t...