Market Brief
Hurricane Delta Freezes Majority of Gulf of Mexico Oil Production, an Industrial Info Market Brief
According to the U.S. Bureau of Safety and Environmental Enforcement, Hurricane Delta has caused 80% of Gulf of Mexico oil production
Released Thursday, October 08, 2020
According to the U.S. Bureau of Safety and Environmental Enforcement, Hurricane Delta has caused 80% of Gulf of Mexico oil production and almost 50% of natural gas production to be shut in. Rigs were being evacuated Wednesday as the storm moved across Mexico into the Gulf. The shut-in represents 1.5 million barrels a day of oil and 1.33 billion cubic feet per day of natural gas. Almost 85 offshore platforms were evacuated and shut in.
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