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Hurricane Isaias Shuts Almost Three-Quarters of Gulf Oil Output

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Energy Hurricane Isaias Shuts Almost Three-Quarters of Gulf Oil Output Hurricane Isaias is lifting to US Gulf Coast crude prices, with nearly three-quarters of oil production in the region shut in. Producers halted about 1.46 million barrels a day of output, or 72% of the regional total, the Marine Minerals Administration said on Friday. Workers had evacuated 129 platforms as of 12 p.m. ET, white two dynamically positioned rigs moved out of the storm’s path.

Energy Hurricane Isaias Shuts Almost Three-Quarters of Gulf Oil Output Hurricane Isaias is lifting to US Gulf Coast crude prices, with nearly three-quarters of oil production in the region shut in. Producers halted about 1.46 million barrels a day of output, or 72% of the regional total, the Marine Minerals Administration said on Friday. Workers had evacuated 129 platforms as of 12 p.m. ET, white two dynamically positioned rigs moved out of the storm’s path.
US Gulf Coast (LOCATION) the Marine Minerals Administration (ORG)
Originally published by Bloomberg Markets Read original →