Energy in America

Berkeley, California’s natural gas ban will add to the cost of living in the Bay area.

More than a million energy customers experiencing heat advisories and severe thunderstorms across the U.S. lost power.

About a fifth of the world's oil flows through Strait of Hormuz.

The company operating the facility, Philadelphia Energy Solutions, filed for Chapter 11 bankruptcy. It's the second time the company has filed such paperwork in less than two years.

I'm not going to speculate on how much of a short-term spike will take place on the heels of rising tensions -- even war -- in the Middle East, but the smart money will sell into that rally.

Last week, WTI fell over 7 percent and Brent lost more than 6 percent.

Americans are bracing for extreme temperatures.

Prices were further weighed down after the U.S. equities market opened lower.

More bans are being implemented in Berkeley, California.

Barry, which came ashore on Saturday in central Louisiana as a Category 1 hurricane, prompted oil companies to shut nearly 74 percent of production at U.S. Gulf of Mexico platforms ahead of the storm.

Oil prices slipped as President Trump and Secretary of State Mike Pompeo signaled Iran tensions may ease.

Since July 10, 7.8 million barrels of oil, or nearly two-thirds of the United States daily oil production, has been lost from Barry, which has become a post-tropical cyclone and was moving over eastern Missouri on Tuesday.

Trump said on Tuesday a lot of progress had been made with Iran.

Con Edison said the blackout that plunged parts of Manhattan into darkness Saturday night was due to a substation's relay protection system that "did not operate as designed."

Workers also were returning to the more than 280 production platforms evacuated.