Middle East Economic Survey
VOL. XLVII
No 38
20-September-2004
OIL PRICES
Crude Prices Rise As Hurricane Ivan Shuts In Overstretched US Infrastructure
Crude oil prices rose last week as the market braced itself for disruptions to US production, refining and imports as Hurricane Ivan headed towards the Gulf Coast. The strongest storm in the Gulf of Mexico for around 25 years, Ivan resulted in offshore producers shutting in about 1.3mn b/d of oil production and refiners in Louisiana and Texas closing...
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