Oil Dips 2% as Hurricane Fears Ease
Oil prices fell more than 2% on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China's latest economic-stimulus packages failed to impress some oil traders.U.S. West Texas Intermediate futures CLc1 led the decline…
Prices of oil fall as Hurricane Rafael is expected to weaken
The oil prices dropped slightly on Friday, as the market continued to assess how Donald Trump's policy might impact supplies. Brent crude oil futures dropped 26 cents or 0.3% to $75.37 a barrel at 0209 GMT. U.S. West Texas Intermediate crude (WTI), gained 35 cents, or 0.5%, to $72.01.
Hurricane Rafael has caused a shutdown of 17% of the U.S. Gulf of Mexico Oil Production
The U.S. Bureau of Safety and Environmental Enforcement announced on Wednesday that Hurricane Rafael had shut down approximately 17% of crude production and 7% of gas output in the U.S. Gulf of Mexico. The Bureau reported that energy producers have shut down 304…
As a major hurricane approaches, oil companies are evacuating their staff from the Gulf of Mexico.
On Monday, U.S. producers of oil scrambled to evacuate their staff from offshore oil fields in the Gulf of Mexico as the second major storm to hit in two weeks is predicted to ravage them. The U.S. National Hurricane Center stated that a potential…
Hurricanes force oil companies to evacuate staff from the Gulf of Mexico
U.S. Oil Producers scrambled to evacuate their staff from Gulf of Mexico platforms on Monday as forecasters warned that the second major hurricane within two weeks would likely tear into offshore oil fields. The U.S. National Hurricane Center stated that a potential Tropical Cyclone System Nine…
Offshore Oil Wells, Ports Shut as Hurricane Sally Advances on U.S. Gulf
Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane…
Nate Becomes a Post-Tropical Cyclone: NHC
Former hurricane Nate has become a post-tropical cyclone that continues to pack heavy rain and gusty winds, the U.S. National Hurricane Center (NHC) said on Monday. The storm system is about 85 miles (135 km) northeast of Columbus, Ohio with maximum sustained winds of 20 mph (55 km/h), it said.
Oil Steady as Irma Heads for Florida
Hurricane Harvey shut 8 pct of U.S. oil production; even bigger Hurricane Irma heads for Florida. Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through the Caribbean.
Oil Firms as Gulf Refineries Restart
Hurricane Harvey's impact on oil industry slowly fading. Brent oil prices firmed on Thursday, hovering near 3-1/2-month highs as U.S. refiners restarting after Tropical Storm Harvey increased their crude processing and the U.S. dollar declined.
U.S. Gulf Coast Energy Infrastructure Shuttered by Harvey
Tropical Storm Harvey made landfall in Louisiana early on Wednesday after hammering Texas, threatening more infrastructure in the heart of the U.S. oil and natural gas industry. The U.S. National Hurricane Center said Harvey came ashore just west of Cameron…
Harvey Likely to Linger off Texas Coast
The center of Tropical Storm Harvey is likely to remain just off the coast of Texas through Tuesday night before moving inland over the northwestern Gulf of Mexico on Wednesday, the U.S. National Hurricane Center (NHC) said. The storm is not expected…
Residents Flee South Texas Ahead of Harvey
Residents fleeing most powerful storm on U.S. mainland since 2005. Businesses closed and lines of cars streamed out of coastal Texas as officials called for residents to evacuate ahead of Hurricane Harvey, expected to arrive about midnight as the most powerful storm to hit the U.S.
Oil Firm Evacuate Workers as Storm Approaches Texas
Oil companies evacuate workers as storm takes aim at Texas. Royal Dutch Shell, Anadarko Petroleum and Exxon Mobil announced they were curbing some oil and gas output on Wednesday at facilities in the Gulf of Mexico ahead of a storm expected to hit the Texas coast later this week. The U.S.
Oil Slips as Market Focus Looks to Jackson Hole
Dollar up ahead of central bankers' meeting; tropical depression heads towards U.S. oil facilities. Oil prices slipped on Thursday, giving up some recent gains as the dollar strengthened ahead of a meeting of central bankers in Jackson Hole, Wyoming, which could signal changes to monetary policy.
Hurricane Franklin Makes Landfall in Veracruz, Mexico
Hurricane Franklin made landfall on the eastern coast of Mexico in the state of Veracruz, the U.S. National Hurricane Center said early Thursday. Franklin, a Category 1 hurricane on the Saffir-Simpson wind scale, is located about 70 miles (115 km)…
Hurricane Dora Forms Off Mexico's Pacific Coast
Hurricane Dora formed off the western coast of Mexico in the Pacific Ocean on Monday, but it was expected to slow and remain offshore, the U.S. National Hurricane Center (NHC) said. Dora, the first hurricane to form in the Pacific so far this year…
U.S. GoM Producers not Expecting Storm Impact
Gulf of Mexico offshore oil producer Shell Oil Co said on Sunday Tropical Storm Colin was forecast to miss the company's production platforms before striking Florida on Monday. The U.S. National Hurricane Center forecasts Colin, which became a tropical storm on Sunday afternoon…
Tropical Storm Kate Forms in the Atlantic - NHC
Tropical Depression Twelve has strengthened to Tropical Storm Kate near the Bahamas, the U.S. National Hurricane Center said on Monday. Kate, the eleventh named storm of the 2015 Atlantic season, was located about 40 miles (60 km) east-southeast of Cat Island in the Bahamas…
Massive Storm Patricia hits Mexico
Patricia, one of the strongest ever hurricanes, crashed into western Mexico with rain and winds of up to 165 mph (266 kph), hammering coastal areas but skirting major cities and causing less damage than feared. Mowing down trees, flooding streets and battering buildings…
Hurricane Patricia Threatens Mexico
Hurricane Patricia strengthened into one of the most powerful storms in history on Friday as it barreled toward Mexico's Pacific Coast, forcing resort hotels to evacuate tourists and residents to stockpile supplies. The U.S. National Hurricane Center…
