Texas-based American investor and entrepreneur Michael Guidry has plans to invest in North Africa with a $1 billion deep-sea port based in Susah, Libya. When completed, annual revenues for the "Port of Susah" are expected to reach $120 million by the year 2040 -- doubling from an anticipated $60 million in 2022, which is the first year the port will be fully operational.
Expected drop in refining runs to produce product stock draws. Crude inventory to continue reducing but at slower pace. Hurricane Florence to impact products demand and potentially pipeline supplies in Lower-Mid-Atlantic region.
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