42% of US Gulf Oil Output Disrupted by Hurricane Francine
Friday, 13 September 2024, 10:35
Impact of Hurricane Francine on Oil Production
About 42% of crude production and over 52% of natural gas output in the U.S. Gulf of Mexico were offline in the aftermath of Hurricane Francine. The U.S. Bureau of Safety and Environmental Enforcement reported significant disruptions in operations, leading to urgent questions about energy supply and pricing.
Key Takeaways
- Over 42% of oil output halted.
- Natural gas production also severely impacted, exceeding 52% offline capacity.
- Market repercussions may follow as energy demands fluctuate.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.