Equinor Shutters Gulf Oil Platform on Hurricane Watch as Oil Prices Dip

Equinor Shutters Gulf Oil Platform on Hurricane Watch as Oil Prices Dip

OilPrice.com

Published

Norway’s Equinor has shut down operations at its Titan platform in the Gulf of Mexico, Reuters reports, a day after evacuating non-essential personnel as a Tropical Cyclone System moves towards Florida, where it is expected to turn into a massive hurricane by Thursday.  Despite the precautionary oil and gas shut-ins in the Gulf of Mexico, oil prices were downwardly explosive on Wednesday, losing as much as 3% by 12:36 p.m. ET on China stimulus uncertainty and U.S. stockpiles.  Earlier on Wednesday, reports suggested that the specific…

Full Article