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U.S. oil production plummets by a third as cold snap hits Texas – Report – Dateway

Total oil production in the United States has contracted by a record third, or 3.5 million barrels per and more, as unusually low temperatures disrupted well operations in Texas, the largest region the country’s oil producer, Bloomberg reported on Wednesday.

Before the winter frost, American daily production was around 11 million barrels.

In addition to causing massive blackouts, one of the coldest U.S. winters in decades has forced a number of larger oil companies, including Motiva and Exxon Mobil, to temporarily shut down their refineries, according to the report.

The French Total has reduced crude processing to minimum levels and closed its Port Arthur refinery in Texas.

weather also affected Occidental Petroleum and Chevron.

On February 12, Texas Greg Abbott issued a declaration of disaster in 254 counties in response to extreme weather conditions.

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