Top News & Analysis Louisiana

  • Gulf of Mexico offshore crude oil production and natural gas output both remained cut by 19% on Thursday because of shutdowns forced by Tropical Storm Barry, the U.S. government said. That equals 335,000 barrels per day of crude oil and 519 million cubic feet per day that are still shut in the U.S.-regulated areas of the northern Gulf of Mexico five days after...

  • Gulf of Mexico has been delayed due to an internet outage at the U.S. drilling regulator's offices in New Orleans. On Tuesday, BSEE said about 58%, or 1.1 million barrels per day, of crude oil production and more than 51%, or 1.4 billion cubic feet per day, of offshore natural gas in the U.S.-regulated areas of the Gulf of Mexico remained shut in the wake of Tropical...

  • *Iran says it came to aid of foreign oil tanker in the Gulf. NEW YORK, July 17- Oil futures fell more than 1% on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles. Brent crude futures were down 69 cents, or 1.1%, to settle at $63.66 a barrel.

  • July 17- Packers Plus Energy Services, a company built on the North American shale oil boom, is turning to the Middle East to weather a new round of spending cuts by producers amid warnings of a looming oil glut. Oil production has outpaced demand by 900,000 barrels per day this year, according to the International Energy Agency, which expects increases to add a net...

  • *Iran says it came to help of foreign oil tanker in the Gulf. NEW YORK, July 17- Oil futures fell more than 1% on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles. Brent crude futures were down 82 cents, or 1.3%, at $63.53 a barrel by 1:32 p.m. EDT.

  • *Iran says it came to help of foreign oil tanker in the Gulf. NEW YORK, July 17- Oil futures fell on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles. Brent crude futures slipped 24 cents to $64.11 a barrel by 12:48 p.m. EDT.

  • NEW YORK, July 17- U.S. crude oil stockpiles fell more than expected last week, while gasoline and distillate inventories rose sharply, the Energy Information Administration said on Wednesday, due to the impact of the first major hurricane to hit the U.S. U.S. crude fell 39 cents per barrel to trade at $57.24 a barrel by 11:09 a.m. EDT 1/ 81509 GMT 3/ 8, while gasoline...

  • *Iran says it came to help of foreign oil tanker in the Gulf. NEW YORK, July 17- Oil prices on Wednesday steadied after plummeting more than 3% in the previous session, but were weighed down by U.S. government data that showed large builds in refined product stockpiles. Brent crude futures rose 23 cents to $64.58 a barrel by 10:56 a.m. EDT.

  • HOUSTON, July 16- More than half the daily crude production in the U.S. Since July 10, 7.8 million barrels of oil, or nearly two-thirds of the United States daily oil production, has been lost from Barry, which has become a post-tropical cyclone and was moving over eastern Missouri on Tuesday. Natural gas output in the Lower 48 states, meanwhile, has increased every day...

  • Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There were 1.3 million barrels per day of oil production offline in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000 barrels fewer than on Sunday, according to the U.S. Bureau of Safety and Environmental Enforcement. It can take several days for full...

  • Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There were 1.3 million barrels per day of oil production offline in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000 barrels fewer than on Sunday, according to the U.S. Bureau of Safety and Environmental Enforcement. It can take several days for full...

  • Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There was 1.3 million barrels per day of oil production off line in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000 barrels less than on Sunday, according to the U.S. Bureau of Safety and Environmental Enforcement. Barry came ashore in central...

  • People wade through a flooded street after Hurricane Barry in Mandeville, Louisiana, July 13, 2019.

    US oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the US offshore drilling regulator said.

  • *Boeing drops on report 737 MAX groundings could extend to 2020. *Symantec tumbles on report of end to Broadcom deal talks. NEW YORK, July 15- The benchmark S&P 500 index ended little changed on Monday after oscillating between positive and negative territory throughout the session after Citigroup Inc kicked off the earnings season with a mixed quarterly report.

  • Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There was 1.3 million barrels per day of oil production off line in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000 barrels less than on Sunday, according to the U.S. Bureau of Safety and Environmental Enforcement. Barry went ashore in central...

  • NEW ORLEANS, July 14- Storm Barry trudged through northwestern Louisiana on Sunday, weakening to a tropical depression but dropping up to 15 inches of rain in some places to create life-threatening flood conditions along the Mississippi River. The National Hurricane Center said 3 to 5 inches of more rain was expected across south-central Louisiana, with...

  • NEW ORLEANS, July 14- Tropical Storm Barry trudged through northwestern Louisiana on Sunday, dropping up to 15 inches of rain in some places to create life-threatening flood conditions along the Mississippi River. Fears that Barry might devastate the low-lying city of New Orleans like Hurricane Katrina did in 2005 were unfounded, but rain in the forecast...

  • NEW ORLEANS, July 14- Tropical Storm Barry trudged through northwestern Louisiana on Sunday, threatening tornadoes and dropping up to 15 inches of rain in some places to create life-threatening flood conditions along the Mississippi River. Fears that Barry might devastate the low-lying city of New Orleans like Hurricane Katrina did in 2005 were unfounded,...

  • NEW ORLEANS, July 13- Hurricane Barry weakened to a tropical storm as it made landfall in Louisiana on Saturday, after a westward shift that appeared to spare low-lying New Orleans from the massive flooding feared earlier this week. The threat of major flooding from the historically high Mississippi River overtopping levees appeared to have passed, but the...

  • NEW ORLEANS, July 13- Hurricane Barry made landfall in Louisiana on Saturday and weakened to a tropical storm, after a westward shift that appeared to spare low-lying New Orleans from the massive flooding feared earlier this week. The National Hurricane Center, which hours earlier said Barry had become the first Atlantic hurricane of 2019, said the storm...