Fifth of US Gulf of Mexico crude oil and 28% of gas offline, regulator says

HOUSTON (Reuters) – Nearly a fifth of crude oil production and 28% of natural gas output in U.S. Gulf of Mexico federal waters remained offline in the aftermath of Hurricane Francine, the U.S. offshore energy regulator said on Sunday.

Francine tore through prime offshore oil and natural gas producing areas and slammed into Louisiana as a Category 2 hurricane on Wednesday. The storm toppled trees, flooded coastal areas and cut power in four southern states.

Energy producers had shut-in 338,690 barrels per day of oil production and nearly 515 million cubic feet of natural gas from Gulf waters, the Bureau of Safety and Environmental Enforcement estimated from producer reports.

This post is originally published on INVESTING.

  • Related Posts

    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    Investing.cm — Citi Research has simulated the effects of a hypothetical oil price surge to $120 per barrel, a scenario reflecting potential geopolitical tensions, particularly in the Middle East.ย  As…

    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    Investing.cm — Citi Research has simulated the effects of a hypothetical oil price surge to $120 per barrel, a scenario reflecting potential geopolitical tensions, particularly in the Middle East.ย  As…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Forex Account Management: Pros, Cons, and Expert Tips

    • November 23, 2024
    Forex Account Management: Pros, Cons, and Expert Tips

    DXY Dominance: We Called It! The Bullish Breakout Everyone Saw Coming (If They Followed Us) ๐Ÿ’ช๐Ÿ“ˆ

    • November 23, 2024
    DXY Dominance: We Called It! The Bullish Breakout Everyone Saw Coming (If They Followed Us) ๐Ÿ’ช๐Ÿ“ˆ

    EUR/USD: The Fall of the Titans and What Lies Ahead! ๐Ÿ’ฅ๐Ÿ“‰

    • November 23, 2024
    EUR/USD: The Fall of the Titans and What Lies Ahead! ๐Ÿ’ฅ๐Ÿ“‰

    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    • November 23, 2024
    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    • November 23, 2024
    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    • November 23, 2024
    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens