by Melody Meadows | Feb 22, 2021 | Business
The oil companies are discovering widespread damage from the deep freeze. Four of Texas’ largest refineries are discovering widespread damage from the deep freeze that crippled the state this week and expect to be down for weeks of repairs, raising the potential for...
by Melody Meadows | Feb 22, 2021 | Business
Gas prices are coming back with a vengeance. When the pandemic hit last year, Americans hunkered down at home, demand for gasoline plunged, and prices dropped. Last April, the national average for all grades fell below $2 a gallon for the first time in over four...
by Henry Strother | Feb 21, 2021 | Business
DALLAS — Power failures, water restrictions and icy road conditions in Texas created major disruptions to grain-based foods operations this week. Toward the end of the week, operations appeared to be gradually returning to normal. The state was gripped in unseasonably...
by Brant Foy | Feb 21, 2021 | Business
A dangerous narrative emerged in Texas late this week in the wake of severe arctic storms that led to rolling and long-term blackouts that at one point saw as many as 4 million Texans lacking power to their homes. That narrative holds that the severe weather event was...
by Melody Meadows | Feb 21, 2021 | Business
Crude prices surge around world as weather cuts U.S. exports Because of disruptions caused by the winter storm, what began as a power crisis for a handful of U.S. states is sending a ripple through the world’s oil market. More than 4 million barrels a day of...
by Henry Strother | Feb 20, 2021 | Business
(Reuters) – Texas oil refineries shut by cold-weather disruptions may take several weeks to resume normal operations, industry experts said on Friday, helping to push up fuel prices. About a fifth of oil processing was halted by power outages, shortages of...
