Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar while crude supply is expected to rise in repsonse to prices back above pre-pandemic levels.

Royal Dutch Shell in Germany aims to produce aviation fuel and naphtha made from crops and to increase to commercial scale an electrolysis plant that makes fossil-free hydrogen, as it seek to move away from crude oil.

Texas state lawmakers dug into the causes and cast blame on Thursday for deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for skyrocketing power demand.

Lyondell Basell Industries is preparing to restart its 263,776 barrel-per-day (bpd) Houston refinery by early next week, said four sources familiar with plant operations.

Valero Energy Corp restarted the large crude distillation unit (CDU) at its 335,000-barrel-per-day (bpd) Port Arthur, Texas, refinery on Wednesday night after it was shut last week due to the effects of severe cold weather, sources familiar with plant operations said on Thursday.

Cleopatra Mancha had already lost her job in the pandemic. Then the winter storm came to her home state of Texas.

Mexican national oil company Petroleos Mexicanos (Pemex) will receive new funding for its exploration and production business as part of a broader financial support plan, President Andres Manuel Lopez Obrador said on Thursday.

Oil and gas producer EOG Resources Inc on Thursday boosted its annual dividend by 10% after its fourth-quarter adjusted profit came in well above expectations, helped by cost cuts and a recent recovery in commodity prices.

Oil prices were mixed on Thursday with U.S. crude edging up to its highest close since 2019 as Texas refineries restarted production after last week's freeze, while Brent eased on worries that four months of gains will prompt producers to boost output.

Container shipping line CMA CGM is to expand its fleet of natural gas-powered vessels to cover the busy trans-Pacific route between China and the United States as part of a push to use the fuel to reduce pollution, the group said on Thursday.