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Home» Articles posted by Javier Blas and Sheela Tobben

Oil Production Slumps by Record 40% as Permian Freezes

Posted on February 17, 2021 by Javier Blas and Sheela Tobben in Transport Topics

Total U.S. oil production has plunged by close to 40% — the most ever — as an unprecedented cold blast freezes well operations across the central U.S., according to traders and industry executives with direct knowledge of the operations.

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Arctic Blast Cuts US Oil Output by 2 Million Barrels a Day

Posted on February 16, 2021 by Javier Blas and Sheela Tobben in Transport Topics

U.S. oil production has plunged by more than 2 million barrels a day as the coldest weather in 30 years brings havoc to key producing states that rarely have to deal with frigid Arctic blasts.

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