22 Hrs
Source:
الاقتصادية
Hurricane Isaías reduces Gulf oil output
Hurricane "Esiayas," which reached Category 3, caused approximately 72% of oil production in the U.S. Gulf Coast to halt, with workers evacuated from 129 oil platforms and production shut down in several offshore fields. The hurricane disrupted oil supplies and slowed shipping efficiency, with the cost of chartering a supertanker to export oil from the United States to Asia reaching around $79 million, reducing the economic viability of foreign exports. The production halt aims to protect employees and reduce losses, amidst rising transportation costs and the effects of the Iranian war on the global oil market.
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