Us News Oil Gains As Storm Causes U S Gulf Production Halts Cnbc

Most Gulf markets gain on US rate cut hopes; trade war woes weigh

Major stock markets in the Gulf rose in early trading on Tuesday, driven by heightened expectations of U.S. Federal Reserve interest rate reductions, though gains were restrained by renewed U.S.-China ... Read More

Oil rises 2% on U.S. Gulf shutdowns, outlook weak

Crude settled higher on Tuesday as companies shut down some U.S. Gulf of Mexico oil production ahead of an approaching storm, although surging coronavirus infections and rising Libyan supply limited ... Read More

U.S. offshore Gulf oil cut 16% as Hurricane Zeta heads toward rigs

Oil producers on Monday shut offshore production and pulled workers off platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened into a hurricane and took aim at the U.S ... Read More

Oil firms start offshore Gulf of Mexico evacuations as storm threatens

Energy companies on Monday began evacuating offshore oil platforms as the 25th named storm of the year formed in the Caribbean and was forecast to move into the Gulf of Mexico and threaten the Gulf ... Read More

U.S. Gulf Coast energy complex braces for another storm strike

Energy firms shut two-thirds of offshore U.S. Gulf of Mexico oil production, turned off undersea pipelines and evacuated workers as Hurricane Zeta raced toward a strike on the U.S. Gulf Coast. Read More

-Oil rises over 2% as U.S. Gulf Coast braces for hurricane

Oil prices rose more than 2% on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecasters predicted a slower-than-expected ... Read More

Oil gains, lower US crude stockpiles provide floor

LONDON (Reuters) -Oil prices rose over 1% on Wednesday as an industry report showed U.S. crude inventories declined last week, adding to a sense in the market of tightening supplies amid export issues ... Read More

-Storm damages continue to hamper U.S. Gulf of Mexico energy operations

Catastrophic damage to power lines and communications outages on Monday weighed on U.S. Gulf Coast refineries' post-Hurricane Laura assessments and on offshore oil and gas production. Read More

-Oil producers evacuate U.S. Gulf of Mexico platforms as storm brews

U.S. Gulf of Mexico oil producers on Saturday evacuated offshore facilities as a tropical storm brewing off the Florida coast was forecast to strengthen into a hurricane and threaten the prime oil ... Read More