Oil prices rise as Texas drops into deep freeze
U.S. output will emerge from this calamity. But it will result in tightening supplies and higher prices for everything from gasoline to propane in coming weeks
U.S. output will emerge from this calamity. But it will result in tightening supplies and higher prices for everything from gasoline to propane in coming weeks
Some observers see prices moving even higher as refiners increase processing rates to meet rising product demand amid tight crude supplies
Crude oil demand recovery depends considerably on the revival of the transportation sector
An expected new nuclear deal, a pipeline project and an easing of sanctions all contribute to increased production and exports