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ENERGY: Hurricane Francine Disruption to Oil & Gas Output Grows: Reuters

ENERGY
Energy BulletsBulletCommodities

Hurricane Francine likely disrupted 1.5m bbl of Gulf of Mexico production, according to UBS estimates, cited by Reuters. 

  • This will likely reduce the region’s monthly production by 50k b/d.
  • There was lost output at over 171 offshore platforms evacuated. Woodside Energy also shut output at an offshore platform due to a power loss onshore.
  • Top US oil and fuel export ports from south to central Texas reopened. Corpus Christi, the largest oil export port by volume, lifted restrictions, Reuters said.
  • Ports in Freeport, Houston and as far as Sabine have also reopened, Reuters said citing the US Coast Guard.
  • Louisiana ports including Cameron, Lake Charles, New Orleans, Plaquemines, St. Bernard and sections of the Mississippi River remained closed.
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Hurricane Francine likely disrupted 1.5m bbl of Gulf of Mexico production, according to UBS estimates, cited by Reuters. 

  • This will likely reduce the region’s monthly production by 50k b/d.
  • There was lost output at over 171 offshore platforms evacuated. Woodside Energy also shut output at an offshore platform due to a power loss onshore.
  • Top US oil and fuel export ports from south to central Texas reopened. Corpus Christi, the largest oil export port by volume, lifted restrictions, Reuters said.
  • Ports in Freeport, Houston and as far as Sabine have also reopened, Reuters said citing the US Coast Guard.
  • Louisiana ports including Cameron, Lake Charles, New Orleans, Plaquemines, St. Bernard and sections of the Mississippi River remained closed.