POLICY

US deep freeze wreaks havoc on oil and gas production

THE bitter cold gripping the US has created what is being described as a once-in-a generation energy crisis as around 3 million barrels of oil per day is knocked out of production and millions are left without power particularly in Texas, where some have been left in the dark for days.

US deep freeze wreaks havoc on oil and gas production

The Lone Star state has been the most severely affected, as temperatures plunged to -40C, forcing households to crank up their heating systems, causing demand to outshed supply.  US oil production has...

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