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Quarter of Gulf oil output offline

Published 08/27/2017, 08:02 AM
© Reuters.  Quarter of Gulf oil output offline
SHEL
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XOM
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COP
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APC
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VLO
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NBL
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SCO
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UCO
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DTO
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SZOXF
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BNO
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OILold
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OIL
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DBO
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USL
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USO
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DNO
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DWT
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UWT
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OLO_old
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UGA
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WTID_old
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WTIU_old
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OILX
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OILK
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  • About 25% of U.S. Gulf of Mexico oil production is offline due to Harvey, according to the U.S. Bureau of Safety and Environmental Enforcement.
  • Companies that have shuttered operations include, Valero (NYSE:VLO) Exxon (NYSE:XOM), ConcoPhillips (NYSE:COP), Noble (NYSE:NBL), Anadarko (NYSE:APC) and Shell (LON:RDSa) RDS.A, RDS.B.
  • Harvey slammed into Texas late Friday as a Category 4 hurricane, making it the strongest storm to hit the state since 1961, but was downgraded to a tropical storm on Saturday by the National Hurricane Center.
  • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, UGA, DTO, USL, DNO, OLO, SZO, OLEM, OILK, WTIU, OILX, WTID, USOI
  • Now read: Energy Recap: Keeping An Eye On Hurricane Harvey

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