** Oil workers flee as third storm in month aims for U.S. offshore fields**

 

Royal Dutch Shell have begun the process of evacuating some of its platforms in preparation of the third storm in the space of a month. The 23rd named storm of the hurricane season was set to strengthen over the course of the week and is due to soak the Texan coastline. The news comes as platforms and operators are restarting production off the back of Hurricane Sally, with the region accounting for 17% of all US crude production. (Reuters)

 

 

**Oil recovery waits for international flying to return**

Given the hopes of long-haul flights resuming anytime soon are dwindling due to the resurgence of Coronavirus cases, this has pushed refinery margins to lowest levels in a decade, with a resurgence hinging on the ability to create a vaccine and whether border closures will be lifted soon. (Reuters)

 

**Libya’s Haftar says army has decided to resume output of oil**

Libyan commander Haftar has said that he will be lifting the oil blockages for one month as it looks to resume output of oil 10 times current production levels to its maximum capacity of 1.2 million bpd. The blockage was announced as a result of internal conflict over the spending of oil revenues, with the National Oil Corporation saying that it would not lift force majeure on exports until oil facilities were demilitarised. (Reuters)

 

**Jet Fuel is now so cheap that it is being blended for use by ships**

 

Kerosene is now being used by refiners to blend with other products to create low-sulphur fuel oil for the maritime industry as airline capacity is very low with diesel and vacuum gasoil also being used for the fuel oil processing. Experts expect this to be the norm for the near future as air travel is not expected to reach levels near what was seen in 2019 until 2024. (S&P Global Platts)

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