Weekly Fundamentals - Crude Rebounded as Tropical Storm Might Hurt Gulf Output
http://www.oilngold.com/ong-focus/i...l-storm-might-hurt-gulf-output-2013100526277/
1/ Crude oil prices rebounded towards the end of last week amid concerns that Tropical storm Karen would affect oil production in Gulf, home to 23% of US crude production, 5.6% of gas output and over 45% of petroleum refining capacity.
2/ The National Hurricane Center forecast that it would make landfall on Sunday on the southeastern tip of Louisiana.
3/ BP has shut down its oil and natural gas output in the Gulf while Exxon Mobil Corp suspended its output by 1K bpd of oil equivalent. Non-essential personnel have also been evacuated.
http://www.oilngold.com/ong-focus/i...l-storm-might-hurt-gulf-output-2013100526277/
1/ Crude oil prices rebounded towards the end of last week amid concerns that Tropical storm Karen would affect oil production in Gulf, home to 23% of US crude production, 5.6% of gas output and over 45% of petroleum refining capacity.
2/ The National Hurricane Center forecast that it would make landfall on Sunday on the southeastern tip of Louisiana.
3/ BP has shut down its oil and natural gas output in the Gulf while Exxon Mobil Corp suspended its output by 1K bpd of oil equivalent. Non-essential personnel have also been evacuated.
