Oil Platforms in Gulf Make Ready for Ivan
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Description: With Hurricane Ivan approaching, oil companies evacuate hundreds of oil workers from drilling platforms in the Gulf of Mexico.
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TORONTO - World crude prices eased Thursday after hurricane Ivan passed over the US Gulf Coast&#39;s oil refineries and drilling platforms without causing serious damage.
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World oil prices rose on Thursday as  Hurricane Ivan slammed into the U.S. Gulf Coast, where over a  quarter of the country's oil and gas is produced.
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Oil prices headed up toward &#36;45 a barrel on Wednesday as Hurricane Ivan shut 60 percent of crude output in the Gulf of Mexico and at least five refiners along the U.S. coast planned to close as a precaution.
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World oil prices rose on Thursday as Hurricane Ivan reached the U.S. Gulf Coast, having shut more than 1 million barrels of daily output in the Gulf of Mexico and 13 percent of refining capacity in the United States.
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Crude oil futures may rise in New York on speculation Hurricane Ivan could disrupt output from platforms in the Gulf of Mexico as the storm nears the US mainland this week.
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As Hurricane Ivan stormed toward Cuba and the Gulf of Mexico on Monday, oil and gas producers evacuated rigs and platforms en masse, significantly slowing production in the heart of the nation&#39;s key energy-producing region.
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WASHINGTON - Oil prices rose Thursday despite reports that refineries along the Gulf Coast, as well as production platforms in the Gulf of Mexico, that had been shut down were slowly being restaffed, as Hurricane Ivan proved to be less disruptive than feared.   "We've really not heard of any refineries in that area reporting any problems," and several are already being restarted, said Tom Bentz, a trader at BNP Paribas Futures in New York...
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The US government is to let oil refineries borrow crude from its emergency stockpile to make up for supplies disrupted by Hurricane Ivan.
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If you think oil is expensive now, just imagine if Hurricane Ivan had swung west and come ashore at this bustling oil and gas port at the southernmost point of Louisiana.
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Energy markets shuddered Monday with the approach of Hurricane Ivan, bidding up crude oil and natural gas prices as crews scrambled to evacuate production platforms in the Gulf of Mexico.
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LONDON  - World oil prices climbed on Monday as companies operating in the U.S. Gulf of Mexico braced for output disruptions from powerful Hurricane Ivan.
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Hurricane Ivan whipped western Cuba with 160 mph winds, ripping the roofs of tobacco barns and houses and drenching fields before moving into the Gulf of Mexico on Tuesday, threatening offshore oil rigs and setting off an exodus along the U.S. coast.
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U.S. oil prices hovered just shy of &#36;44 a barrel on Tuesday, awaiting the arrival of Hurricane Ivan in the oil-rich Gulf of Mexico, where energy companies had evacuated thousands of offshore workers and shut some production.
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Hurricane Ivan spared the critical Gulf Coast refining belt, but oil prices rose anyway Thursday on fears a new storm brewing in the Caribbean will delay tankers carrying imported crude to US ports.
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Hurricane Ivan and its 135-mph winds churned toward this historic port city with frightening intensity Wednesday as the storm began its assault on the Gulf
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World oil prices climbed on Monday as companies operating in the US Gulf of Mexico braced for output disruptions from powerful Hurricane Ivan.