Oil’s entire chain of providers, from explorers in the U.S. Gulf of Mexico to refineries along the coast, are now three days into assessing operations after the passage of Hurricane Ida.
It could be quite some time before a full extent of the damage is known, with access to many facilities along the Louisiana coast still severely limited. Crews have been able to make aerial surveys, but roads are largely impassable due to high water and downed trees.
At least 2 million barrels a day of oil refining capacity was affected by the weather pattern, which cut power across Louisiana and left at least one facility in standing water. About 80 per cent of oil output and 83 per cent gas output had been shut-in as of Wednesday, according to the Bureau of Safety and Environmental Enforcement.
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