Post Tagged with: "Texas freeze"

Source: CNBC

Texas freeze helps rival oil exporters like Saudi Arabia ‘tremendously,’ may influence OPEC decisions


The shock winter storm in Texas that left millions without power and took dozens of lives also froze a major local commodity: the Lone Star State’s oil production, slashing some 4 million barrels per day from U.S. output.

The …

Source: Reuters

U.S. crude output falls 10%, refinery runs drop to 2008 low amid Texas freeze – EIA


U.S. crude oil production dropped by more than 1 million barrels per day last week during Texas’s deep freeze, equalling the largest weekly fall ever, and refining runs tumbled to levels not seen since 2008, the Energy Information Administration …

February 25, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: Reuters

U.S. shale producers reveal extent of hit from Texas freeze


Occidental Petroleum Corp, Diamondback Energy Inc and a host of smaller Permian-focused U.S. shale producers on Monday forecast lower oil output in the first quarter, giving the first indications of the hit to the industry caused by last week’s …