Wednesday, November 6, 2024
Hurricane Rafael threatens U.S. Gulf of Mexico oil production- oil and gas 360

Hurricane Rafael threatens U.S. Gulf of Mexico oil production

(Oil Price) – Tropical storm Rafael has strengthened to hurricane intensity in recent hours and is still set to continue its path toward the U.S. Gulf of Mexico, where oil and gas producers have shut-in production at platforms and evacuated personnel to shore.

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Weekly Inventories

U.S. crude oil inventories increase by 2.1 million barrels

Weekly Crude Oil Storage as of November 1, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.1 million barrels from the previous week.  At 427.7 million barrels, U.S. crude oil inventories are 2%

Weekly Gas Storage: Inventories increase by 78 Bcf

Natural Gas Inventories as of October 25, 2024 The EIA has released its natural gas inventory report, showing a net increase of 78 Bcf as of October 25, 2024. Working gas in storage was 3,863 Bcf as of Friday, October

U.S. rig count had a decrease of this week, at 585

This week’s Baker Hughes Rig Count shows that U.S. had no change over last week, resulting in a total count of 585 rigs. Canada had a decrease of 3 over last week, resulting in a total Canadian count of 213