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Oil Prices Jump as Storm Approaches Gulf of Mexico Production Hub
2021-08-27 15:50:00| OGI
Gulf of Mexico offshore wells account for 17% of U.S. crude oil production and 5% of dry natural gas production. Over 45% of total U.S. refining capacity lies along the Gulf Coast.
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prices
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mexico
US Heavy Oil Prices Rise as Market Braces for Mexico Supply Hit
2021-08-25 15:24:05| OGI
Prices of heavy sour crude oil grades have been rising in the U.S. Gulf Coast, traders said on Aug. 24, as the market braces for a disruption of supplies from Mexico in the wake of a fire that has cut state-run Pemex's oil output by about 25% since Aug. 22.
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mexico
Whats Affecting Oil Prices This Week? (Aug. 23, 2021)
2021-08-23 19:00:00| OGI
Risk continues to increase with future oil demand associated with the two largest consuming countriesU.S. and Chinalooking less robust than it did at the beginning of July, says Stratas Advisors in its latest oil price forecast.
Oil Prices Set for 5% Weekly Drop as Delta Variant Spreads
2021-08-20 11:15:00| OGI
The approaching end of the U.S. peak gasoline demand season and end of summer holidays in Europe and the United States are also set to sap oil demand.
Whats Affecting Oil Prices This Week? (Aug. 16, 2021)
2021-08-16 19:00:00| OGI
Since early July, oil prices have dropped below the upward trend that had been in place since November 2020, says Stratas Advisors, which expects more downward pressure in the week ahead.
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