Bloomberg Oil fell to the lowest in a week as output slowly resumed in Texas, while margins for processing gasoline surged as Gulf Coast refineries are seen taking weeks to restart operations after the deep freeze. Crude futures in New York plunged $1.28, its biggest decline in dollar terms since late December. Producers including Marathon Oil Corp are using restored …

Bloomberg The Biden administration singled out a Russian ship for violating US prohibitions on constructing the Nord Stream 2 pipeline from Russia to Germany, clearing the way for a new round of sanctions as part of its effort to stop the nearly-completed project. In a report, the US cited the ship, the Fortuna, and its owner, KVT-RUS. The report also …

Bloomberg Cathay Pacific Airways Ltd is taking extreme measures to cope with new rules that will require flight crew to quarantine in Hong Kong from Saturday, introducing a rotation policy that puts staff out of action for almost one month at a time after they’ve completed 21-day shifts. Crew who volunteer to take part in the airline’s so-called closed loop …