Four Gulf of Mexico oil platforms shut after Enchilada fire -Shell
Royal Dutch Shell said Tuesday that production at four oil platforms in the Gulf of Mexico has been shut in the wake of a Nov. 8 fire at its Enchilada platform. “Production is shut in at the Shell-operated Enchilada and Salsa platforms, as well as the associated Hess-operated Conger field,” in which Shell has a […]
Oil trims weekly drop as storm heads for Texas, gasoline surges
Oil trimmed a fourth weekly decline as traders braced for the impact of Hurricane Harvey on a U.S. refining hub in the Gulf of Mexico. Gasoline futures surged to the highest in four months. Front-month crude futures rose 0.7 percent in New York, paring Thursday’s 2 percent decline. Gasoline gained as much as 4.6 percent. While […]