𝕏xUS first seen 12 h ago, last 5 h ago, peak #3
Shell and Chevron cut Gulf of Mexico output ahead of Tropical Storm Isaias
Original: Shell, Chevron cut Gulf of Mexico output as Tropical Storm Isaias approaches https:// reut.rs/4hSb92R
Shell and Chevron have begun reducing production at their Gulf of Mexico operations as Tropical Storm Isaias approaches the region, Reuters reports. The move is a standard precaution as energy companies evacuate or shut in offshore platforms ahead of storms in the hurricane-prone basin. Markets are watching for potential impacts on US Gulf crude and natural gas supplies.
Why now: A tropical storm threatening the Gulf of Mexico is prompting oil majors to curtail offshore output, raising concerns about energy supply disruptions.
ShellChevronGulf of MexicoTropical Storm Isaias
Evidence
- Shell, Chevron cut Gulf of Mexico output as Tropical Storm Isaias approaches https:// reut.rs/4hSb92R · Reuters · 65
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