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US Gulf operators restore 70pc of Ida-halted oil output

From argusmedia.com

US Gulf of Mexico offshore producers have brought back about 70pc of the oil output that was halted due to Hurricane Ida. The volume of offshore oil output still shut in was at 30pc, or 537,193 b/d, as of 12:30pm ET today, according to the Bureau of Safety and Environmental Enforcement (BSEE). That compares with 40pc, or 720,217 b/d, yesterday. About 39pc of offshore natural gas output also was off line. Offshore platforms in the Gulf account for about 17pc of US crude output and 5pc of dry-gas production. Producers began evacuating workers and halting platforms in advance of the storm that came ashore in Louisiana ... (full story)

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  • Category: Fundamental Analysis