1. 2022 Hurricane Season Not As Bad for Oil- As S&P Global Platts notes, the US hurricane season is picking up steam after a slow start, already producing seven named storms and the first hurricane to make landfall, Hurricane Ian. - Before making landfall, Hurricane Ian shut 11% of oil production in the US Gulf of Mexico (some 190,000 b/d and 184 million cf/d) yet mostly as a measure of precaution. - Considering the brevity and relatively little impact, this year will be much weaker than 2021 in terms of lost production – in September…
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