Millions in Texas faced power outages for a third straight day on Wednesday as the deadly storm that brought snow and ice to the region wreaks havoc on the state’s energy infrastructure.An estimated three million barrels per day of oil production remains offline. Power production from natural gas, coal, renewables and other sources has been impacted as consumers turn up their thermostats amid the frigid temperatures.”A significant amount of capacity remains offline,” noted Morris Greenberg, senior manager at S&P Global Platts Analytics.West Texas Intermediate crude futures prices rose as much as 2% to trade at $61.25 per barrel, …
