Oil Little Changed as Hurricane Beryl-Related Concerns Fade

Hurricane Beryl, which recently made landfall in Texas, had notable yet manageable impacts on the oil and gas industry. Let’s try to understand the natural event’s influence on the Oil/Energy space, specifically regarding energy demand, supply disruptions and prices.Impact on Energy Demand and Oil PricesHurricane Beryl’s arrival in Texas initially created concerns about potential disruptions in oil supply. However, the actual impact was less severe than anticipated, which meant that oil prices were essentia ...