Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Hurricane Isaias approaches, causing 72% of crude oil production in the Gulf of Mexico to halt

Hurricane Isaias approaches, causing 72% of crude oil production in the Gulf of Mexico to halt

智通财经智通财经2026/10/09 20:41
Show original

As Category 3 Hurricane Isaias approaches the U.S. Gulf Coast, local oil producers have suspended around 1.46 million barrels per day of crude oil production, accounting for 72% of the region's total output. According to the U.S. Bureau of Ocean Energy Management, as of 12:00 p.m. Eastern Time on Friday (midnight Beijing time on October 10), workers have been evacuated from 129 offshore platforms, and two mobile drilling rigs have been relocated out of the storm's path. BP has shut down production at the Thunder Horse and Na Kika platforms and evacuated non-essential personnel from three other platforms. The supply interruption has pushed Gulf of Mexico crude oil prices higher, with Mars crude currently carrying a premium of about $3 per barrel over WTI crude, and Thunder Horse crude maintaining a premium of more than $4 per barrel for two consecutive trading days.

As Category 3 Hurricane Isaias approaches the US Gulf Coast, local oil producers have suspended approximately 1.46 million barrels per day of crude oil production, accounting for 72% of the region’s total output. The US Bureau of Ocean Energy Management stated that as of 12:00 p.m. EDT on Friday (00:00 October 10, Beijing time), personnel from 129 offshore platforms had been evacuated, and two mobile drilling rigs had been moved out of the storm’s path. BP has shut down production at the Thunder Horse and Na Kika platforms and evacuated non-essential personnel from three additional platforms. Supply disruptions have driven up Gulf of Mexico crude prices, with Mars crude commanding a premium of about $3 per barrel over WTI crude, and Thunder Horse crude holding a premium of over $4 per barrel for two consecutive trading days.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!