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Not particularly seriously. Platts does extremely in-depth monitoring of virtually everything measurable in the O/G production and exploration business. Their
by jhayward 9y ago
Not particularly seriously. Platts does extremely in-depth monitoring of virtually everything measurable in the O/G production and exploration business. Their report today[1] does not show drastic shut-ins of production, nor do futures prices predict a huge impact.
Most offshore O/G production is back online. Hardly any on-shore was shut in. The refineries will have to go through their shutdown/repair/restart cycle but it looks like they will be back running in 2-3 weeks, up to maybe 6-8 for some.
[1] https://www.platts.com/latest-news/oil/newyork/oil-factbox-usgc-refinery-outages-port-closures-26796285 https://www.platts.com/latest-news/oil/newyork/oil-factbox-u...