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US Gulf operators restore 60pc of Ida-halted oil output

From argusmedia.com

US Gulf of Mexico offshore producers have restored almost two-thirds of the oil output that was suspended due to Hurricane Ida. The volume of offshore oil output still shut-in was at 40pc, or 720,217 b/d, as of 12:30pm ET today, according to the Bureau of Safety and Environmental Enforcement (BSEE). That compares with 44pc, or 793,522 b/d, yesterday. About 48pc of offshore natural gas output was also off-line. Offshore platforms in the Gulf account for about 17pc of US crude output and 5pc of dry-gas production. Offshore producers began evacuating workers and halting platforms in advance of the storm which barreled ... (full story)

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  • Category: Fundamental Analysis