27% of U.S. Gulf Oil Capacity Offline After Rafael ...Middle East

Over a quarter of U.S. oil production capacity in the Gulf of Mexico remained offline after hurricane Rafael weakened to a tropical storm that the U.S. National Hurricane Center expects to move on south and southwest this week. As of Sunday, over 480,000 bpd in oil production capacity and 310 million cu ft of natural gas were shut in, data from the Bureau of Safety and Environmental Enforcement showed. These represented 27.59% of total production capacity for crude oil and 16.67% of natural gas production capacity, the BSEE said. “After the…

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