Highlights
The supply of US refinery products in the US Gulf Coast, especially the 3 million barrel per day Louisiana refining capacity, has been largely unaffected by Hurricane Francine, with Shell’s Norco and Citgo’s Lake Charles refinery reporting no damage and returning to normal operations.
A large amount of Libyan production remains shut-down after UN-brokered talks have collapsed; production is now 1.5 million barrels per day.
The following chart is the inventory of crude oil in the US as of this past week. The gray shaded area is the inventory range of the past five years. The blue line is the US inventory in 2024 according to the US Energy Information Administration:
