Reuters provides insights into how Texas freeze delivers billions in profits to gas and power sellers - Reuters News Agency
Environment

Reuters provides insights into how Texas freeze delivers billions in profits to gas and power sellers

Reuters took readers on a deep dive into how natural gas suppliers, pipeline companies and banks that trade commodities have emerged as the biggest market winners from February’s U.S. winter blast that roiled gas and power markets. After the storm, few companies wanted to talk about their financial gains, unwilling to be seen as profiting off others’ hardships.

Article Tags
Topics of Interest: Environment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Americas
Win Types: ExclusivityImpact (Long Term)Storytelling
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Oilfield equipment is parked at a Basic Energy Services site, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease (COVID-19) pandemic and the drop in demand for oil globally, in Karnes County, Texas, U.S., May 18, 2020. Picture taken May 18, 2020.  REUTERS/Jennifer Hiller
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