Energy firms shut 58% of Gulf of Mexico oil output due to twin storm threat, U.S. says

imageCommodities1 hour ago (Aug 23, 2020 02:40PM ET)

(C) Reuters. FILE PHOTO: Boat sails near oil platform in the Gulf of Mexico

(Reuters) – Energy firms shut 57.6%, or 1.07 million barrels per day (bpd), of offshore crude oil production in the U.S. Gulf of Mexico because of the twin threat from Hurricane Marco and Tropical Storm Laura, the U.S. government said on Saturday.

Also, 44.6%, or 1,205 million cubic feet per day (mmcfd), of natural gas output was shut ahead of the storms, the federal Bureau of Safety and Environmental Enforcement (BSEE) said.

Energy firms shut 58% of Gulf of Mexico oil output due to twin storm threat, U.S. says

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