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US Gulf Coast oil companies resumed recovery work after Hurricane Ida as Tropical Storm Nicholas moved away. The article is mostly page content with limited detail on output levels.
It notes fuel demand surges and a White House review of diesel tax relief.
Restored Gulf production eases crude and diesel tightness, which lowers energy and transport costs for feed supply chains. Progress is gradual, so supply normalization remains uncertain.
reuters.comLiz HamptonSep 15, 2021After 19 past bearish logistics events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -6.6% to +2.3%), and +5.3% over 20.
After 18 past bearish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (56% higher; middle half -1.5% to +3.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
