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U.S. hurricane damage to cut Shell oil output through year-end | Hellenic Shipping News Worldwide

Royal Dutch Shell, the largest U.S. Gulf of Mexico oil producer, said damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing deliveries of a type of crude oil prized by refiners. Shell was the hardest-hit producer from Ida, which tore through the U.S. Gulf of Mexico last month . ....

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U.S. Hurricane Damage to Cut Shell Oil Output Through Year-End

U.S. Hurricane Damage to Cut Shell Oil Output Through Year-End
claimsjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from claimsjournal.com Daily Mail and Mail on Sunday newspapers.

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Damage from Hurricane Ida to Cut Shell Oil Production Until Early Next Year

Damage from Hurricane Ida to Cut Shell Oil Production Until Early Next Year
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.

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Shell: Storm Damage to West Delta-143 Facilities to Impact GoM Oil Output Through Year-End

Shell: Storm Damage to West Delta-143 Facilities to Impact GoM Oil Output Through Year-End
gcaptain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gcaptain.com Daily Mail and Mail on Sunday newspapers.

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Why Oil Companies Are Eyeing Spot Crude From Africa, North America

Bharat Petroleum Corporation has increased the proportion of spot crude purchases to about 45 per cent
India s refiners are turning to spot oil from Africa and North America as long-term suppliers in the Middle East cut output and as demand for gasoline jumps amid the Covid-19 pandemic. Spot crude imports into the world s third-largest oil market will rise by 10 per cent to 15 per cent this year from 2020, according to industry consultant Facts Global Energy. The increased purchases are coming as India s top suppliers, including Saudi Arabia and Iraq, curtail output as part of the OPEC+ pact.
The shift underscores how other producers are benefiting from the cuts as consumption returns in markets like India. It s been especially good to exporters like the U.S. and Nigeria, whose crude produces more gasoline that s in high demand as the pandemic pushes people to private cars instead of public transport. ....

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