Gulf Energy Hit 70% Oil 50% Gas production stopped - Bloomberg
Bloomberg reports today : The storm devastated energy production in the Gulf of Mexico, source of about a third of the oil consumed in the U.S. and about one-fifth of the natural gas. By yesterday, 70 percent of the region's crude-oil production was out of action, while more than half of gas production was shut, the Minerals Management Service in Washington said.....
The average U.S. pump price for regular gasoline rose to a record $3.057 a gallon on Sept. 5, according to the AAA. Prices consumers paid ranged from $3.89 a gallon in Summit, New Jersey, to $3.76 in Arlington, Virginia, to $3.05 in O'Fallon, Missouri, according to Web sites GaspriceWatch.com and Gasbuddy.com.
1 comment:
Oil and Gas Journal is a good source.
http://ogj.pennnet.com/articles/article_display.cfm?Section=ONART&C=GenIn&ARTICLE_ID=236041&p=7
The October contract for benchmark US light, sweet crudes gained 53¢ to $69.47/bbl Sept. 1 on the New York Mercantile Exchange. The November crude contract climbed by 57¢ to $69.98/bbl. On the US spot market, West Texas Intermediate increased by 53¢ to $69.48/bbl. Gasoline for October delivery climbed by 15.37¢ to $2.41/gal on NYMEX. Heating oil for the same month escalated by 12.2¢ to $2.20/gal. The October natural gas contract jumped by 28.5¢ to $11.76/MMbtu.
In London, the October contract for North Sea Brent crude was up by 70¢ to $67.72/bbl on the International Petroleum Exchange. The September gas oil contract rose by $16.75 to $655.25/tonne.
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