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A historic winter storm has killed at least 21 people, left millions of Texans without power and spun killer tornadoes into the U.S. Southeast on Feb 16.
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Texas begins naming electricity firms overdue on winter crisis bills

HOUSTON (Reuters) - Eight energy companies have failed to pay nearly $1 billion for power and services during February’s deadly power blackout in Texas, the state’s grid operator said this week, and the costs are likely to fall on consumers. A winter-storm surge in demand saddled the companies that
(Yahoo Finance) Another 730K Filed New Unemployment Claims, What are We Seeing ? - Feb 26, 2021#InitialJoblessClaims##UnemploymentRate##TexasFreeze#...

U.S. insurers brace for hefty claims from Texas storm once thaw sets in

(Reuters) - U.S. property insurers are bracing for claims for damage from collapsing roofs, bursting pipes and lost business as Texas takes stock of its losses from a winter storm that has crippled its electrical grid. Slideshow ( 2 images )Insurers’ losses could stretch into billions of dollars, sa

Shanghai pared gain upon return from holiday, copper rises; crude oil extended gain amid move by Texas

Asia Market Update: Asia trades generally lower after directionless session on Wall St.; Shanghai pared gain upon return from holiday, Copper rises; Crude oil extended gain amid move by Texas. General trend - Following the mostly higher opens, Asian equities are generally lower - Hang Seng has lagge
(Yahoo Finance) Outlook of the Oil Industry Ahead of OPEC Meeting. - Feb 23, 2021
(BLOOMBERG) What Contributed to the Texas Energy Crisis? - Feb 20, 2021#TexasFreeze##energy##CrudeOil#

U.S. shale producers reveal extent of hit from Texas freeze

(Reuters) - Occidental Petroleum Corp, Diamondback Energy Inc and a host of smaller Permian-focused U.S. shale producers on Monday forecast lower oil output in the first quarter, giving the first indications of the hit to the industry caused by last week’s winter storm. Areas of Texas not used to th

Shares rise as cyclical stocks provide support; yields climb

NEW YORK (Reuters) - A gauge of global equity markets snapped a 3-day losing streak to edge higher on Friday, as the recent selling pressure on high-flying big technology-related stocks eased even as investors showed a preference for economically sensitive cyclical sectors. Oil prices fell from rece

Markets Outlook: Key market focal points as March draws near

Market highlights Several focal points for market participation as the end of February beckons Reflation is likely be the central theme of 2021 Pull-back in crude prices looks to be receding FX has devolved into a 24-48-hour trade The Week Ahead As we move towards the end of February there are sever

Oil gains as U.S. production slowly returns after freeze

TOKYO (Reuters) - Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic. Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after ga

Asian stocks set to fall as Wall Street slips on recovery doubts

WASHINGTON (Reuters) - Asian stocks were set to pull back on Friday, following a dip on Wall Street as disappointing U.S. jobs data fanned concerns the economic recovery from the coronavirus was losing momentum. Australia’s benchmark S&P/ASX 200 index was down 0.49% in early trading, while Japan

WTI drops back below to $59.00 level amid downbeat finish to the week

WTI is on course for a second day of losses and is back to the $59.00 level. The fact that Texas is bringing production back online and talk of US/Iran talks weighed on oil at the end of the week. Front-month futures contracts for the American benchmark for sweet light crude, West Texas Intermediary
(BLOOMBERG) What the Deep Freeze in Texas Means for Municipal Bonds. #TexasFreeze##bonds##FlashNews#

US Pres. Biden’s State of the Union might boost metals prices – Capital Economics

"Abnormally cold temperatures in the US, particularly Texas, have forced a significant share of US oil wells and refineries offline this week," note Capital Economics analysts. Key quotes "Oil prices initially surged on the back of this disruption, but they have since retraced most of their gains. I

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