U.S. offshore operators shut down Gulf of Mexico 11% of oil production, as a precautionary measure, Hurricane Ian is expected to hit the west coast of Florida on Wednesday night. The U.S. Gulf of Mexico suffered a tropical storm Ian, and it is expected to strengthen to a large hurricane above Category 3 in two days, which has caused the closure of oil production in the region and the rise in oil prices. According to data from the U.S. Security and Environmental Enforcement Bureau, as of Wednesday, about 190,358 barrels per day offshore oil production stopped, with natural gas interruption of production of 184 million cubic feet per day, and a total of 12 platforms were evacuated.
But news shows that although the storm is the first major hurricane to threaten the mainland of the season, most oil and gas facilities in the Gulf are expected to survive, which accounts for about 15% of U.S. crude oil production and 5% of natural gas production. BP said it would redeploy personnel to the two offshore platforms that were closed yesterday, as the hurricane clearly could not pose a major threat to its offshore facilities, and the company is working to send employees back to the 130,000 bpd of Na Kika and the 250,000 bpd of Thunder Horse platform.
RBC0Capital market analyst Tran also said that although oil prices responded, he believes that the coming of the hurricane will not become a major event affecting the international oil market. As of now, the forecast route of the storm will not pass through major refineries in the Gulf of Mexico. At the same time, according to previous data, the boost of oil prices by Mexico Gulf oil production due to hurricane interruption is temporary. As production gradually recovers, crude oil will also give up.
Compared with the US oil production, the news of OPEC+'s significant production cuts have more strong and longer support for the crude oil market. It should be noted that OPEC+ will soon discuss crude oil production plans on October 5, but According to foreign media, Russia may propose to cut production by 1 million barrels per day.
Iraq Oil Minister Jabbar also said that OPEC+ is closely monitoring the trend of oil prices, saying that he does not want oil prices to rise or fall excessively, and hopes that the oil market can maintain a balance.
Saudi Arabia Energy Minister also said earlier that OPEC+ has market flexibility and can reduce production when necessary to cope with the performance of oil prices breaking away from fundamentals.
The new round of domestic oil price statistics has completed half of the work, oil prices are temporarily in a downward state, and the decline in the adjustment amount has also exceeded the lower limit of the start-up downward in " Oil Price Management Measures ". At present, the possibility of a lower reduction in oil prices is greater.
The adjustment amount on the fifth working day continued to be cashed, which had not been cashed out before. It was just that because the average crude oil price rebounded sharply, the adjustment amount fell by only 10 yuan/ton this time. According to statistics, the crude oil change rate on the fifth working day was -5.65%, and the domestic gasoline and diesel price may fall by 160 yuan/ton (0.13-0.14 yuan/liter). At present, the oil price adjustment is temporarily stored and expected to be lowered, but please refer to the notice of the National Development and Reform Commission, which is October 10.
92, 95 and 98 domestic gasoline retail price limit
