Shell, Chevron Shut In Gulf of Mexico Oil Output Ahead of Storm
Shell and Chevron have begun shutting in platforms and evacuating personnel from five facilities in the Gulf of Mexico, including Mars, Olympus, Ursa, Vito, and Appomattox, as a storm approaches that could strengthen into a hurricane by the end of the week.
Original · OilPrice.com AI summary of public reporting
Why: Gulf production shut-ins from storm → supply disruption
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At publication → CurrentBRENTOIL103.24 → 102.22−1.0%
CL91.33 → 91.13−0.2%