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Hurricane Shuts 63% Of US Gulf Oil Output, Threatens Refineries; Jefferies Warns Of "Fuel Supply Event"
Hurricane Shuts 63% Of US Gulf Oil Output, Threatens Refineries; Jefferies Warns Of "Fuel Supply Event"
Summary:
Hurricane Isaias Landfall Forecasted For Late Friday/early Saturday
Major US Refineries In Hurricane's Projected Path
63% Of US Offshore Gulf Oil Output Shut
25% Of US Offshore Gulf Oil Output Shut As Hurricane Isaias Nears, Threatens Refineries
Hurricane Isaias Shutters 63% of US Gulf Oil Production
Bloomberg cites data from the Marine Minerals Administration showing US Gulf offshore oil producers have halted about 1.28 million barrels per day, equivalent to shutting in 63% of regional output.
Natural gas shut-ins...
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