Weekend post here of relevance to oil traders: Category 4 hurricane Ida set to bear down on US gulf coast
Platts with the report that more than 95% Gulf crude oil, 94% natural gas offline:
- many Louisiana refineries and petrochemical plants were closed in advance of the major storm
Also reports that:
- Colonial pipeline says it is temporarily shutting fuel lines from Houston, Texas, to Greensboro, North Carolina
US President Biden says it could be weeks before electricity is restored to some areas
- damage from the hurricane is likely beyond coast
Oil trading (CL futures) begins at 6pm US ET (2200 GMT)
