Regulator says 91% of U.S. Gulf crude oil production remains shut after hurricane
Mon Oct 12 2020
Mark Cooper (1863 articles)

Regulator says 91% of U.S. Gulf crude oil production remains shut after hurricane

The U.S. Bureau of Safety and Environmental Enforcement (BSEE) said 91% of offshore crude oil production remains shut in the U.S.-regulated northern Gulf of Mexico following Hurricane Delta, which made landfall on Friday.

In addition, 62.2% of natural gas output remains shut in the Gulf following the storm that made landfall near Creole, Louisiana, and weakened into a low-pressure system over Mississippi on Saturday.

Through Sunday, a total of 8.8 million barrels of crude oil production and 8.3 billion cubic feet of natural gas output from the Gulf has been shut because of Hurricane Delta.

Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.

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