Skip to main content

IEA monitoring outcomes of Hurricane Harvey

Published by
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:

You might also like


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Downstream news Oil refinery news US refinery news