Falling Texas crude output becomes a global oil market crisis
Falling Texas crude output becomes a global oil market crisis By Alex Longley on 2/18/2021 click to enlarge LONDON (Bloomberg) --What began as a power issue for a handful of U.S. states is rippling into a shock for the worldâs oil market. More than 4 million barrels a day of output -- almost 40% of the nationâs crude production -- is now offline, according to traders and executives. One of the worldâs biggest oil refining centers has seen output dr...
Source: worldoil.com