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Cold Snap Hits U.S. Oil and Gas Production
Market Intelligence Analysis
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Why This Matters
A cold snap in the US has temporarily reduced oil production by up to 2 million barrels daily, mainly affecting the Permian region, but production is expected to recover by the end of the month.
Market Impact
Market impact analysis based on neutral sentiment with 80% confidence.
Sentiment
Neutral
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The cold spell that swept across the United States this weekend has caused a drop in oil production of up to 2 million barrels daily, Reuters reported, citing analysts and traders. According to estimates by Energy Aspects, the Permian alone saw production outages of around 1.5 million barrels daily. However, production is already recovering, and the lost output in the Permian is down to some 700,000 barrels daily. Output is expected to be fully restored by the end of the month. Bloomberg reported Monday that refiners were also curtailing operations…
Original article published by
OilPrice.com
on January 27, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.