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OIL: 12% of Crude Production Offline in GOM on Monday

OIL
BulletEnergy BulletsCommodities

More than 12% of crude production and 16% of natural gas output in the U.S. Gulf of Mexico were offline following Hurricane Francine, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Monday.

  • There were 213,204 barrels per day of oil and 298 million cubic feet of natural gas still offline.
  • Nearly a fifth of crude production and 28% of gas production remained offline on Sunday, highlighting that production is returning.
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More than 12% of crude production and 16% of natural gas output in the U.S. Gulf of Mexico were offline following Hurricane Francine, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Monday.

  • There were 213,204 barrels per day of oil and 298 million cubic feet of natural gas still offline.
  • Nearly a fifth of crude production and 28% of gas production remained offline on Sunday, highlighting that production is returning.