The destruction caused by Hurricane Ida when it made landfall August 29 has led to the largest ever initial loss of crude oil production in the Gulf of Mexico. Hurricane Ida has been responsible for the loss of 16.8 million barrels per day (bpd) of output in the near two weeks since the first production […]
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In the wake of Hurricane Ida, Louisiana has been left with a significant fuel shortage. The Energy Department has authorized the use of the strategic oil supply to help combat the shortage. The Energy Department is set to release 1.5 million barrels of crude to ExxonMobil Baton Rouge, giving the company the responsibility of replenishing […]
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Discuss Risk Management with your Fuel Distributor before a Big Storm Hits With over 1 million homes and businesses without power this week, we find ourselves with memories of the past, specifically a memory from back in 2017.
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