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Gulf Of Mexico Oil Leak Shuts in Seven Drillers: US Coast Guard

OIL

The oil leak in the Gulf of Mexico, discovered last week has forced seven drillers to shut production according to the US Coast Guard.

  • The Coast Guard is still looking for the source of the leak. Drilling from those impacted will remain shut until it is discovered.
  • The 26,000-bbl spill was first reported on Thursday. The clean-up and source discovery has been impacted by bad weather.
  • The spill is not impacting vessel traffic in the region and has not reached the shore.
  • Heavy Louisiana Sweet crude oil produced in the area, the type spilled, traded at a premium of $2.70 to WTI - the highest premium since August - according to Link Data Services.
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