Gulf storm threatens to shut in oil and gas production

Gulf storm threatens to shut in oil and gas production

Oct. 6 coverage flagged a Gulf storm raising natural gas supply risks. Reuters reported Oct. 5 a U.S. Gulf storm could shut in oil and natural gas production and damage infrastructure, which can lift prices. Front-month Henry Hub gas held near $3.16, per CME. I see conditional risk, not shortage, but households could face higher heating costs if flows tighten.

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