Oil refineries equipment was destroyed and export ports closed as destructive Category 2 Hurricane Delta winds and storms traveled far from its center according to Reuters. Power lines were shut affecting nearly 700,000 homes and businesses in three Gulf Coast states.
- Total 225,500 barrels per day (bpd) of lost refinery power due to Delta winds
- Hurricane cut most U.S. offshore Gulf of Mexico oil output and 62% of natural gas
- Staffs from over 280 production platforms and drilling rigs evacuated ahead of storm
Oil futures and commodities losing: Nearest Crude Oil Futures is down 1.03%, USOIL is down 0.95%
