- Energy firms shut 58% of Gulf of Mexico oil output due to twin storm threat - Reuters reports, citing U.S. government
Market news
24 August 2020
Energy firms shut 58% of Gulf of Mexico oil output due to twin storm threat - Reuters reports, citing U.S. government
As of Sunday, 1.07 million barrels per day (bpd) of offshore crude oil production cut in the U.S. Gulf of Mexico because of the twin threat from Hurricane Marco and Tropical Storm Laura. In addition, 44.6%, or 1,205 million cubic feet per day (mmcfd), of natural gas output was shut. Workers have been evacuated from 114 production platforms out of the 643 manned platforms in the Gulf of Mexico.
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