Severe damage was initially expected due to the storm, but Beryl weakened to a tropical storm, reducing the impact on the region's energy infrastructure.
The energy infrastructure remained largely unscathed despite evacuations and port closures, easing concerns about crude supply interruptions.
The recent drop in crude oil prices is a result of a combination of factors, including Hurricane Beryl's reduced intensity, the rapid recovery of Texas energy infrastructure, and global economic and political uncertainties impacting market sentiment.
[
Collection
]
[
|
...
]