Business · Energy & Commodities · 1 day ago

Isaias Shuts In More Than Two-Thirds of Gulf Oil Production

Isaias Shuts In More Than Two-Thirds of Gulf Oil Production

Hurricane Isaias forced operators to halt much of the oil and gas production in the U.S. Gulf of Mexico.

On Friday, the U.S. agency overseeing offshore production said 71.51% of Gulf oil output was shut in; a Saturday update put the share at about 69%.

The storm also led to the evacuation of workers from more than 100 production platforms.

Operators commonly shut wells and move workers to safety before a hurricane.

These shutdowns are temporary if platforms and other equipment remain undamaged.

Safety checks and any repairs will determine when production can restart.

The disruption matters because it removes a large share of Gulf oil output while oil markets already face supply concerns.

Sources

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