This is the weekly survey, the private one - ahead of official government data due Wednesday morning in the US.
- This survey was conducted prior to the full impact of Harvey (these results are for the week ending August 25)
- Nevertheless, with the huge storm being the major impact on oil (and oil product) prices this survey is particularly less than useful this week
- Next week's survey will be impacted by storm effects
In a nutshell, Harvey's impact was on oil refineries (around 16% of refining capacity is offline), leaving crude producer rigs in the Gulf of Mexico less effected.
With thanks to ZH tweet for the numbers:
