Oil Is Already at $100. Now a Hurricane Could Shut Down Gulf Production

Tropical Storm Isaias may devastate Gulf Coast oil refineries

According to a report from NewsNation, a newly formed tropical storm expected to strengthen into a hurricane and strike the Gulf Coast in coming days could drive gasoline prices still higher. Tropical Storm Isaias developed early Wednesday off eastern Mexico. Forecasters remain uncertain exactly where it will come ashore or how powerful it will become, […]

Oil Is Already at $100. Now a Hurricane Could Shut Down Gulf Production

The post Oil Is Already at $100. Now a Hurricane Could Shut Down Gulf Production appeared first on 24/7 Wall St.. Brent crude, the global benchmark, settled at $100.20 on October 7, 2026, down 0.38%. West Texas Intermediate, the U.S. benchmark, fell 1.3% to $88.28. Traders are treating Middle East attacks as an emergency, and stock releases are moving faster. Tropical Storm Isaias is forecast to become a hurricane and reach the northern Gulf Coa…

25% Of US Offshore Gulf Oil Output Shut As Hurricane Isaias Nears, Threatens Refineries

25% Of US Offshore Gulf Oil Output Shut As Hurricane Isaias Nears, Threatens Refineries Hurricane Isaias forced offshore oil and natural gas producers in the Gulf of America to halt a sizable amount of production as the Atlantic's first hurricane of the season churned toward the coast, with potential landfall impacts across portions of Louisiana, Mississippi, Alabama, and the Florida Panhandle. Isaias had sustained winds of 75 miles per hour and…

Hurricane Isaias disrupts oil markets as Gulf Coast residents prep for landfall

Tropical Storm Isaias is expected to strengthen into the first Atlantic hurricane of the season and potentially set a record for the latest arrival before making landfall on the U.S. Gulf Coast later this week.

Oil Majors Cut Production in Gulf of Mexico as Hurricane Isaias Strengthens

Chevron, Shell and Harbour Energy have begun curbing production and evacuating personnel from offshore facilities as the region braces for the hurricane.