-
About 15% of US crude output remains offline after freeze-offs
Much of US oil production has rebounded from the severe winter weather that struck much of the country starting the week of Feb. 14, including large domestic oil plays in Texas and Oklahoma, although an estimated 15% of all crude output still remains offline. That means 3.4 million b/d have been restored of an estimated 4 million b/d that were shut in at peak early last week, Parker Fawcett, North American supply analyst for S&P Global Platts Analytics, said. The shut-ins included a large chunk of the country's largest oil play, the Permian Basin of West Texas and southeast New Mexico, which currently produces ... (full story)
- Comments
- Subscribe
-
- Older Stories
-
From apnews.com|Feb 22, 2021The federal government announced Monday that it will support the ethanol industry in a lawsuit over biofuel waivers granted to oil refineries under President Donald Trump’s ...
-
From reuters.com|Feb 22, 2021Brazilian financial markets went into a tailspin on Monday, as investors dumped the country’s currency and stocks, while pushing up interest rates, after President Jair Bolsonaro ...
-
From bnnbloomberg.ca|Feb 22, 2021The financial impacts of the cold blast that wreaked havoc in U.S. natural gas and power markets are beginning to emerge. Atmos Energy Corp. and Just Energy Group Inc. were the ...
-
- Newer Stories
-
From reuters.com|Feb 22, 2021The share of Canada and the United States of America in India’s January oil imports surged to a record 11% while that of the Middle East and South America declined, data obtained ...
-
From abc.net.au|Feb 22, 2021The Australian share market is trading sideways after Wall Street's major technology stocks were heavily sold off, while commodity prices have continued to surge. By 11:35am AEDT, ...
- Story Stats
- Posted: Feb 22, 2021 6:39pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 30
