Big Oil Begins Shutting In Gulf of Mexico Production
FROM THE WIRE · FINANCE.YAHOO.COM
Shell and Chevron have started shutting in platforms in the Gulf of Mexico ahead of an approaching storm that could become a hurricane by the end of the week. Shell is evacuating all personnel from five platforms, including Mars, Olympus, Ursa, Vito, and Appomattox, and shutting…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishShell and Chevron evacuate Gulf platforms ahead of tropical storm Isaias; supports oil prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Shell evacuating all personnel from five platforms (Mars, Olympus, Ursa, Vito, Appomattox) and shutting production.
- 02Chevron doing same at four offshore platforms in Gulf, leaving five others operating normally.
- 03Tropical storm Isaias could strengthen into hurricane by end of week, expected landfall Saturday.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Shell plc96.85 USDMarket closedtoday -0.79%Positive Chevron Corporation205.19 USDMarket closedtoday -1.15%Positive BP p.l.c.44.51 USDMarket closedtoday -1.11%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets