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Storm Harvey's impact on oil markets

8/31/2017

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Hurricane Harvey has created an oversupply of crude oil temporarily until we can export more and refineries start back up.
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Flooding waters in Buffalo Bayou threaten Valero's Houston Refinery from the excessive rainfall from Hurricane Harvey. Source: worldoil.com - By: Jessica Summers - Image: Reuters
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API data show drop in U.S. crude supply, but gasoline stockpiles edge higher: sources

8/30/2017

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​U.S. crude supplies dropped 5.8 million barrels for the week ended Aug. 25. Hurricane Harvey caused Texas refineries with an output of 4.1 million barrels per day to be offline on Tuesday.
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Source: marketwatch.com - By: Myra P. Saefong
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Oil sees bumpy trade in Harvey’s aftermath

8/29/2017

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​Hurricane Harvey is estimated to have reduced refining capacity in the area by more than 2 million barrels a day, boosting gasoline prices, but adding pressure on U.S. crude.
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Marathon Texas City Refinery experienced heavy rainfall and flooding from Hurricane Harvey. 8/26/2017 Houston Source: marketwatch.com - By: Sara Sjolin - Image: AFP/Getty Images
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Gasoline Surges, Oil Declines as Harvey Shutters Refineries

8/28/2017

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​We’ll see higher at the pump gasoline prices. Crude oil prices are likely to remain steady, primarily because U.S. oil production has moved more onshore and away from the Gulf of Mexico. Please pray for those affected by Hurricane Harvey.
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Source: Bloomberg.com - By: Anthony Dipaola & Jessica Summers
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Crude oil prices sink while gasoline soars

8/28/2017

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​Oil and gas investors expect refineries will demand less oil as refineries take weeks, maybe longer, to come back on line.
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Source: investing.com - Image: Reuters
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Quotes by TradingView

Redhawk Investment Group, LLC offers direct and alternative  oil and gas investment opportunities that  enable investors to participate in the potential cash flow and the unique tax benefits associated with oil and gas investments. There are significant risks associated with investing in oil and gas offerings. The information contained in this website is for informational purposes only and is not a solicitation to buy or sell any securities. Information on this site is not intended to be used as investment or tax advice. Consult your investment advisor or tax advisor concerning the current tax laws and effects on your personal tax situation.​

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  • Home
  • About
    • Our Leadership
    • Our Investors
  • Offerings
    • Current Offerings
    • Closed Offerings >
      • Redhawk Resources - Fund I, LP
      • Redhawk Resources - Fund II, LP
      • Redhawk Resources - Fund III, LP
      • Redhawk Minerals Fund I, LP
  • News
  • Video Library
  • Contact