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Hurricane Isaias Forms: Concerns Over Gulf Crude Production Disruptions and Refining Capacity Constraints

CNBC ·

CVX Chevron Corp
$211.55 +3.12%
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  1. 1Hurricane Isaias is disrupting U.S. crude oil production in the Gulf of Mexico.
  2. 2As of Thursday, oil companies have approximately 1.3 million barrels per day of crude production offline.
  3. 3The storm could affect about 2% of U.S. refining capacity, a figure that could limit refining capabilities.

So what's the key point?

Hurricane Isaias is disrupting U.S. crude oil production in the Gulf of Mexico.

Source CNBC · View original ↗

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