(Bloomberg) --Add Morgan Stanley to the list of banks expecting crude to reach $100 a barrel later this year. The bank expects stockpiles to slide even lower by the end of the year, after falling substantially in 2021, according to a research note to clients. Spare supply capacity will shrink to 2 million barrels a day from the current 3.4...
Energy Transfer LP said it agreed to supply natural gas to power plants in Texas owned by Vistra Corp. through the end of March as the two sides work through a billing dispute from last February’s winter storm. The two companies came to an agreement after Vistra filed a complaint earlier this week with oil and gas regulators, asking them to in...
(Bloomberg) --The U.S. Treasury Department banned transactions of a key bond issued by Venezuela’s state-owned oil company for one year, the longest since it first stepped in to shield its U.S.-based refining arm from creditors, amid its economic downfall and political crisis. U.S. administrations under Donald Trump and now Joe Biden, had prev...
NEW YORK (Bloomberg) --The era of ever-cheaper clean power is over, giving a fresh jolt of uncertainty to global energy markets battered by one supply crisis after another. Relentless price declines over the past decade made renewables the cheapest sources of electricity in much of the world. In the past year, though, prices for solar panels hav...