World’s Oil Supply Pressured by Hurricane Ida, Other Outages

The affect of Hurricane Ida and different oil provide outages will take a large chunk out of world oil manufacturing this 12 months, the Worldwide Vitality Company stated Tuesday.

In its month-to-month market report, the vitality watchdog reduce its provide rebound forecast for 2021 by 150,000 barrels a day and reduce its demand forecast by 100,000 barrels a day, citing the affect of the Delta variant of Covid-19. | World’s Oil Provide Pressured by Hurricane Ida, Different Outages


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