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Oil fell for a second day as production slowly restarted in Texas and the White House said it would be willing to meet with Iran, potentially paving the way for more crude exports from the Persian Gulf nation. Futures in New York dropped toward $59 a barrel. 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 per cent or so of U.S. oil production that was shut in by the big freeze is unclear. Fuel margins rocketed again on Friday, however, with four of the biggest plants in Texas facing delays of several weeks or more to resume operations. While that potentially limits demand for crude, it also raises the potential for prolonged fuel shortages that could spread across the U.S. An experienced instructional team brings over 45 years of combined experience with the Alberta Energy Regulator to provide practical and actionable advice to navigate the energy regulator process in new course on March 11. Elsewhere, the White House said it would be willing to meet with Tehran to discuss a “diplomatic […]
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