Prices for one of the most important grades of U.S. crude oil slid for a second day as production begins to resume in Gulf of Mexico wells shut by Hurricane Ida more than three weeks ago.
Royal Dutch Shell Plc restarted the Amberjack pipeline that transports Mars crude to the Louisiana coast. The conduit is crucial for hauling oil from Chevron Corp. platforms that include Jack/St. Malo, Tahiti, Big Foot and Genesis. The Amberjack system handles about 57% of the entire supply of Mars, a medium-weight, high-sulfur type of oil favored by many refiners.
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September 23, 2021 at 02:57AM
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Key U.S. Oil Price Weakens With Post-Hurricane Supply Recovery - Bloomberg
"Oil" - Google News
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