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WTI Tops $60 On Gulf Of Mexico Shut-Ins

Credit: OilPrice.com- Published 5 days ago
Oil prices rose this week, pushed higher by geopolitical tension and the tropical storm in the Gulf Coast. Friday, 12th July 2019 Roughly 30% of Gulf of Mexico production shut in. Tropical Storm Barry, which could yet turn into a hurricane, forced the shuttering of about 30 percent of the oil production in the Gulf of Mexico....
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Credit: Wochit News
Published 4 days ago -  00:35
Tropical Storm Barry Slashes U.S. Gulf Of Mexico Crude Oil Output
Tropical Storm Barry has cut nearly 70% of crude oil production in the U.S.-regulated areas of the Gulf of Mexico. The U.S. Bureau of Safety and Environmental Enforcement said Saturday the drop totalled 1.3 million barrels per day. BSEE said natural gas output from offshore platforms in the Gulf has been cut by 56%, or 1.5 billion cubic feet per day. According to Reuters, oil producers have shut in 283 platforms, or 42%, in the northern Gulf of Mexico.

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