More than 25% of U.S. offshore oil and gas output was shut and export ports were closed on Tuesday as Hurricane Sally sat just off the U.S. Gulf Coast.
That is likely to help reduce stockpiles although refineries were also shut down, cutting demand for oil. Analysts had expected oil stocks to increase by 1.3 million barrels. Official data on U.S. stockpiles is due out later on Wednesday and often conflicts with the industry figures. However, oil producers and traders are painting a bleak picture for a recovery in global fuel demand as the COVID-19 pandemic rages on, hammering economies.
Could have tripled my money by investing in oil. Didn't do it, I couldn't. Not when we're doing this level of damage.
$MARPS Petroleum royalties distribution. 1.63 share 21% yield
Stimulus senatemajldr stop being a dick
It seems to me we should have more storage here in Alaska, lord knows we have plenty to store!!