Oil Rises on Week, Demand Challenges Return as Laura Spares Refineries

© Reuters. By Barani Krishnan Investing.com – Oil prices settled mixed on the day but rose on the week after Hurricane Laura largely spared the U.S. energy industry from disaster — turning the focus again toward sketchy fuel demand in a coronavirus-moderated economy. New York-traded , the benchmark for U.S. crude futures, settled down 7 […]

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Oil Moves Lower, Discounting Output Hit From Laura 

© Reuters. By Barani Krishnan Investing.com – Oil prices moved down in range-bound trading on Thursday as one of the most powerful hurricanes to hit the U.S. energy industry in more than a century-and-half appeared to have caused damage that was not too worrying to oil refineries. Hurricane Laura scored a near-direct hit on refineries […]

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Hurricane Laura races toward heart of U.S. oil refining industry

2/2 © Reuters. Tropical Storm Laura in Cuba 2/2 By Erwin Seba HOUSTON (Reuters) – Laura intensified into a strong Category 4 hurricane on Wednesday as it raced over evacuated oil production platforms in the U.S. Gulf of Mexico and took aim at the energy industry’s refining hub along the Texas/Louisiana coast. The storm gathered […]

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Laura Set to Be ‘Potentially Catastrophic’ Category 4 Hurricane

© Reuters. Laura Set to Be ‘Potentially Catastrophic’ Category 4 Hurricane (Bloomberg) — Hurricane Laura is poised to become a Category 4 storm that could wreak catastrophic damage in Texas and Louisiana, bringing a life-threatening storm surge, flash flooding and destructive winds that could leave areas uninhabitable for weeks or months. Laura’s winds are forecast […]

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