Winter storm shuts up to 2 million bpd of US crude output

HOUSTON, Texas: A powerful winter storm disrupted U.S. energy production and power systems over the weekend, knocking out as much as two million barrels per day of crude oil output and triggering sharp price swings across oil, gas, and electricity markets.

Oil production losses peaked on January 24 at around two million bpd, or roughly 15 percent of U.S. output, according to e