- More than 12% of crude output in the US Gulf and 16% of Natural Gas output remain offline after tropical storm Francine hit the area, MT Newswires reports. Bloomberg reports that Francine has wiped out roughly 3.6 million barrels of Oil output last week, with lingering disruptions still in play for this week.
- The restart of a key Iraqi Oil pipeline which was already closed for over a year is facing more delays with disagreements over costs, the nation’s prime minister Mohammed Shia AL-Sudani said. In this case, bad news is good news, as the pipeline outage is helping Iraq to uphold its OPEC production quota, Reuters reports.
- At 20:30 GMT, the weekly stockpile numbers will come out from the American Petroleum Institute for the week ending September 13. Analysts expect a small decline of 100,000 barrels, much less than the drawdown of 2.79 million barrels seen a week earlier.
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