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    Home ยป Hurricane Ida Shuts Oil and Natural Gas Production in US Major Refineries
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    Hurricane Ida Shuts Oil and Natural Gas Production in US Major Refineries

    August 30, 20211 Min Read
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    As much as 1.74 million barrels a day, or 95.7% of crude output and 93.8% of gas output, was shut down after Hurricane Ida struck the US Gulf of Mexico and Louisiana.

    • Up to 2.11 million barrels a day of refining capacity, an equivalent of 12% of the US total, was also shut down along the Mississippi River.
    • Other refineries to experience shutdowns or reduced capacity included Valero, PBF Energy, Shell, Exxon Mobil, Phillips 66, and Marathon.
    • Major producers, including BP Plc, Equinor SA, BHP, Murphy Oil Corp., and Chevron, operated at reduced capacity.
    • The New Orleans port was affected, while paused deliveries were announced at LOOP port.

    The shutdowns saw the Canadian Pipeline close lines 1&2, which are main gasoline and distillate pipes from Houston to Greensboro, NC.

    CL1! is down -1.24%, NG1! is up +0.96%Source: Bloomberg

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    Hurricane Ida Oil US Economy
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