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The oil crisis in Texas: a new oil crisis is coming

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The world is facing a global oil crisis due to frosts in the US state of Texas.

Axar.az informs this was reported by Bloomberg.

"The world still does not understand how much oil the market has lost due to bad weather in Texas," the statement said.

Due to the cold weather in the United States, oil production fell by 4 million barrels per day or 40 per cent.

Date
2021.02.19 / 10:54
Author
Tural Azimzadeh
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