Global Oil Market Update
Posted: Mon Aug 07, 2017 12:04 pm
https://www.investing.com/analysis/oil- ... -200205748
The peak of the Atlantic Hurricane Season is September, but we are already seeing an uptick in low pressure waves heading toward the Gulf of Mexico. Mexico's primary oil producing regions are going to be hit by a Tropical Storm that could become a hurricane by Tuesday night.
The situation in Venezuela is going from BAD to WORSE. It is a threat to oil supply.
Statements from the OPEC meetings will get the most press.
The peak of the Atlantic Hurricane Season is September, but we are already seeing an uptick in low pressure waves heading toward the Gulf of Mexico. Mexico's primary oil producing regions are going to be hit by a Tropical Storm that could become a hurricane by Tuesday night.
The situation in Venezuela is going from BAD to WORSE. It is a threat to oil supply.
Statements from the OPEC meetings will get the most press.