Shortages of staff and supplies are weighing on the recovery of US oilfields, derailing hopes that Texas drillers could unleash gushers of crude to help bring soaring global prices under control.
The Biden administration has pleaded with oil producers to raise output to ease the burden on American motorists, who are paying high prices at the pump following Russia’s invasion of Ukraine.
But the service groups responsible for providing materials, drilling equipment and labour warn that extensive bottlenecks mean this cannot be done overnight.
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