Calm After the Storm

Copyright © 2021 Energy Intelligence Group

Hurricane Ida made landfall in Louisiana as a Category 4 storm on Sunday and prompted massive shutdowns of crude and natural gas production and refining capacity. To date, much of the affected downstream facilities remain closed, while power outages, clogged roads and waterways, and other logistical factors hamper restart efforts for both refiners and producers. But the storm struck at a peculiar time, and the market impact is thus far expected to be limited.

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