Brent near $64 with Goldman Sachs predicting more gains
Brent oil resumed gains as the market assessed the fallout from the big freeze across Texas, with Goldman Sachs Group Inc. predicting prices will advance into the $70s in coming months.
blackouts
Weak grids expose risks for the electrification of everything
Home heating systems shutting down. Hospitals facing water shortages. Oil refineries going offline.
Brent holds above $63 with power crisis hitting US supply
Brent oil edged higher in Asia after closing at the highest in almost 13 months as a deepening energy crisis in the US disrupted crude production and forced the shutdown of some of the nation’s biggest refineries.
Energy generators to get £1bn windfall as power subsidy set to restart
British electricity generators can expect a £1 billion windfall after a European Commission decision that could restart a controversial subsidy scheme which was accused of favouring fossil fuels.