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)