Tag Archives: us gulf of mexico

US Gulf of Mexico oil and gas output returning to normal post storm

10 October, 2018 9:40 am 9:40 am

HOUSTON (Reuters) – US Gulf of Mexico oil and gas production is returning to near normal levels three days after Hurricane Michael made landfall on the Florida Panhandle, data from an offshore regulator showed , with oil output off 19 percent and natural gas production down less than 10 percent. The Bureau of Safety and … Read More

Oil extends losses as other markets fall, inventories rise

10 October, 2018 8:33 am 8:33 am

TOKYO (Reuters) – Oil dropped on Thursday to extend big losses from the previous session as global stock markets suffered a rout, with crude prices also taking a hit from a weekly industry report showing US crude inventories had risen more than expected. Supply worries also eased as Hurricane Michael likely spared oil assets from … Read More