Hurricane Delta steams across Gulf of Mexico, halting 80% of oil output

HOUSTON: Hurricane Delta raked across the prime US offshore oil producing areas in the Gulf of Mexico on Thursday as energy companies pulled workers from offshore platforms and began securing coastal processing plants.

"It is going to be a large, powerful storm," said Weatherbell Analytics meteorologist Joe Bastardi. Delta will land just east of Cameron, Louisiana, an area still suffering the impact of Hurricane Laura's 150 mph winds. US crude oil futures were up 2 per cent at US$40.76 a barrel on the shut-ins and prospects for a new US economic stimulus. US natural gas futures recovered earlier losses and were flat.Offshore producers including Royal Dutch Shell, BP, Chevron and Occidental Petroleum have pulled workers from production platforms to quarters onshore.

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