Hurricane Ian has catastrophic impact, but not on energy
Hurricane Ian is wreaking havoc across Florida, having a catastrophic human impact. But given the path of the storm, energy flows and infrastructure have been little impacted.
Many European refineries will continue maintenance in October, lengthening the balance and adding some pressure on crude differentials.
OPEC+ has options as it weighs a production cut next week, while demand from Asia, driven by China and India, is on the ascent.