The ongoing crude oil production shortage in the US Gulf of Mexico following Hurricane Ida is now triggering demand increases and price hikes for both domestic light sweet crudes from the Permian Basin and for more imported crude grades. Ida made landfall Aug. 29 as a major Category 4 hurricane near Port Fourchon in Lafourche …
The post Hurricane Ida’s pricing effects ripple across Texas with 77% of US Gulf oil, gas still offline first appeared on Hellenic Shipping News Worldwide.
Author: Ca...