By September 12, 2017 0 Comments Read More →

The Impact Of Hurricanes Harvey And Irma On Energy Operations

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Mother Nature has continued to wreak havoc on the southeast United States, as recovery from Hurricane Harvey is being overshadowed by Hurricane Irma.  While it’s always difficult to discuss business impacts when you have a natural disaster such as this, it is our job to opine on those impacts, understanding first and foremost we are concerned with the health and safety of those impacted.

Here’s our assessment of the impact on energy operations.

As we look at the big picture, crude oil production fell, but not as much as refinery demand and exports, which led to builds in crude oil and draws of refined product. A variety of midstream companies have provided updates on operations and the punchline is there has been very minimal damage and operations have either restarted or in process of restarting at various facilities. This is consistent for producers, with crude oil and natural gas production coming back on line as well…

 

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Posted in: Daily News

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