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clock Created with Sketch. 28/08/17
15:36
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Originally posted by MoneyBags1348
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The US is one of the top 3 oil producers in the world along with Russia and Saudi Arabia. The US currently produces about 9.5 Mbpd of oil and about 30% of this comes from on and off shore Texas / Gulf Coast oil rigs which equates to around 3 million barrels of oil per day.
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Current crude futures are actually down a little so there is certainly no guidance there of a jump in prices, not yet anyway. US O&G companies will need to announce any delays in production as a result of any damage done so i guess that could come in the following days and the POO price could bounce from there.
(20min delay)