Oil futures rose Wednesday, finding support on a sluggish return to crude output in the Gulf of Mexico in the wake of Hurricane Ida.
The Bureau of Safety and Environmental Enforcement estimated that more than 79% of Gulf of Mexico oil production and nearly 78% of natural-gas output remains shut-in following Hurricane Ida, a deadly and powerful storm that made landfall on the Louisiana Gulf Coast on Aug. 29. “These temporary closures amount to 1 million barrels a day of capacity, down from a peak of more than 2 million barrels a day. However, those refiners that have restarted are unlikely to be operating at full capacity at the moment,” he said.
buy $SU
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Divers discover a dislodged and broken pipeline that likely triggered Gulf of Mexico oil spillDivers using underwater sonar discovered a 12-inch oil pipeline Sunday that had become dislodged and is possibly the source of an oil spill discovered off the coast of Louisiana, officials said.
Source: CNN - 🏆 4. / 95 Read more »
U.S. oil losses from Hurricane Ida rank among worst in 16 yearsHurricane Ida's damage to U.S. offshore energy production makes it one of the most costly since back-to-back storms in 2005 cut output for months, according to the latest data and historical records. Maybe Jersey Joe could go meet the next hurricane offshore and explain how bad that would be to hit America again.
Source: Reuters - 🏆 2. / 97 Read more »
Louisiana, Northeast See Progress One Week After Hurricane IdaLouisiana’s electricity provider restored power to most New Orleans households by Monday morning, as a heat wave continued to threaten elderly residents and other vulnerable people It’s nachos threatening them they’re actually dying inside their homes. 👍
Source: WSJ - 🏆 98. / 63 Read more »
Outside of New Orleans, an even longer road to Ida recoveryThough Louisiana’s largest electric utility, Entergy, estimates most residents in New Orleans will have power by Wednesday, recovery efforts outside of the city could be a much longer slog. 💒🌬🏡💸💸😊🤞 Nature cares about nobody. JESUS JESUS JESUS 🙏🏾🙏🏾🙏🏾❤🙏🏾🙏🏾🙏🏾
Source: latimes - 🏆 11. / 82 Read more »
Louisiana's Lt. Governor warns more people may die after Ida due to heat, lack of powerA lack of electricity, gasoline, air conditioning, phone services, clean water and local services could all make the coming weeks deadly for state residents. Whomp whomp ! They don’t want “socialism” or “big government”. Then fine! Get yourself out of trouble. PLEASE 🙏 GOOD LIFE CHOOSING EVERYONE Dang? get him a Pepsi.
Source: Newsweek - 🏆 468. / 52 Read more »
Biden adds New York to areas eligible for disaster funds after Ida devastationPresident Joe Biden has added New York to the list of major disaster areas from last week's Hurricane Ida devastation. 🅱️🆔🎼☠️ Biden WON'T GIVE MONEY us for health care, education, the fight against CRIME, & for to deal with the aftermath of natural DISASTERS here. INSTEAD, Biden will DONATED $ 300 billion of our tax money to Nazi regime in UKRAINE UkrainianNazi Wait. So 530,000 people in Louisiana are without power, so Biden is giving money to and visiting New York and New Jersey? Makes sense. Michael Hudson : 'What wall street says is that we can't have MMT to help the people, the feds can only create money to give to us so we can buy stocks and bonds/ quantitative easing'
Source: CNBC - 🏆 12. / 72 Read more »