Oil giving up big-freeze gains with wells slowly restarting - Business News, Finance News, Share Market News - Market trendz

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Friday, 19 February 2021

Oil giving up big-freeze gains with wells slowly restarting

Companies are using restored power from grids or generators to resume output that was halted by the frigid weather, according to people familiar with the matter. The timeline for a full restoration of the estimated 40% or so of U.S. oil production that was shut in by the big freeze is unclear.

from Commodities-Markets-Economic Times
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