Quartz·2 min read·medium

Shell, Chevron, and Harbour Energy are cutting Gulf of Mexico output as Hurricane Isaias closes in

Cris Tolomia
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Major energy companies including Shell, Chevron, and Harbour Energy have reduced production in the Gulf of Mexico by 25% due to Hurricane Isaias. The shutdown accounts for approximately 512,000 barrels of oil per day.

Why it matters

Supply disruptions in the Gulf of Mexico can lead to immediate volatility in global oil and gas prices.

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About 512,000 barrels a day — 25% of Gulf production — had been…

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