BusinessHurricane Isaias Shuts 72% of Gulf Oil Production
Hurricane Isaias has forced the shutdown of nearly three-quarters of oil production in the US Gulf Coast, halting about 1.46 million barrels per day, according to the Marine Minerals Administration. The storm prompted evacuation of 129 platforms and shutdowns by BP on several platforms. The hurricane, now Category 3, disrupts offshore supplies amid global oil trade challenges caused by the Iran war, increasing shipping costs for US crude to Asia.
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