IEA monitoring outcomes of Hurricane Harvey
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
The US International Energy Agency (IEA) has issued the following statement confirming that it is closely monitoring the situation caused by Hurricane Harvey.
The statement read: “It is too soon to know how long oil production and refining operations will be disrupted, or the extent of the damage. However, for now, the IEA does not see a need to act as the market is amply supplied. Oil stocks, both crude and products, are well above the five-year average, in the United States as well as globally.
“The situation is being reviewed constantly and the IEA stands ready to act as required.”
Read the article online at: https://www.hydrocarbonengineering.com/refining/29082017/iea-monitoring-outcomes-of-hurricane-harvey/
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