Most U.S. refiners whose plants are in the path of Tropical Storm Barry took ste...
HOUSTON/NEW YORK - Most U.S. refiners whose plants are in the path of Tropical Storm Barry took steps on Friday to keep them running, even as forecasters warned that the second named storm of the season could become a hurricane just before landfall this weekend.
Royal Dutch Shell Plc’s refineries in Norco and Convent, Louisiana, also plan to remain in operation with essential personnel, as the state is drenched with as much as 2 feet of rain, sources familiar with operations at those plants said. Barry has shut 1 million barrels per day of U.S. Gulf of Mexico oil production, one-half of the region’s daily crude and 44% of its natural gas output, according to the U.S. Bureau of Safety and Environmental Enforcement.
Most of the loss was in the offshore Gulf of Mexico region where producers were expected to cut output to just 1.3 bcfd on Friday, from more than 3.1 bcfd a week ago, according to data provider Refinitiv.
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