Ivan May Imperil Oil Rigs in Gulf
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All the trade is storm-related today,&quot; said Stephen Briggs, managing director of Intermarket Group. &quot;Obviously, people are speculating we may see some platforms closing in the Gulf.
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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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NEW ORLEANS - Stragglers streamed toward higher ground Wednesday on highways turned into one-way evacuation routes and pounding surf started eroding beaches as Hurricane Ivan roared toward the Gulf Coast with 135 mph wind.    Ivan could cause significant damage no matter where it strikes, as hurricane-force wind extended up to 105 miles out from the center...
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Hurricane Ivan has roared into the Gulf of Mexico, spurring evacuations along the US coast and shutting down some oil production after ripping off roofs and downing trees and power lines when it grazed western Cuba.
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Hurricane Ivan looks set to cost tour operators as they race to get customers out of harm's way, though future bookings may not suffer too much.
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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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Hurricane Ivan has entered the Gulf of Mexico packing maximum sustained winds of near 160 miles-an-hour. The National Hurricane Center says gusts are even higher and Ivan remains an &quot;extremely dangerous&quot; Category Five hurricane.
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World oil prices are on the rise, as Hurricane Ivan threatens to disrupt oil flow in the Gulf of Mexico.
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As hurricane Ivan roared northwards yesterday through the Gulf of Mexico towards landfall in the US as early as this evening, Wall Street analysts warned that the damage could extend beyond buildings into the wider economy.
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Oil prices headed up toward $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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Experts predict that Hurricane Ivan could drop 15 inches of rain or more on parts of the Gulf Coast and could create a storm surge as much as 16 feet above normal tide levels.
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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.
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Hurricane Ivan held its grip on oil markets Tuesday, as shutdowns of production platforms in the Gulf of Mexico and fears of storm damage drove crude and gasoline prices higher.
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NEW ORLEANS - Stragglers streamed toward higher ground Wednesday on highways turned into one-way evacuation routes and surf started eroding beaches as Hurricane Ivan roared toward the Gulf Coast with 135 mph wind and its outer bands darkened the sky.    Ivan could cause significant damage no matter where it strikes, as hurricane-force wind extended up to 105 miles out from the center...
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After Hurricane Ivan pummeled a wide  swath of land along the Gulf of Mexico Thursday, some U.S.  insurers swamped by the third major hurricane of 2004 might  find their profits gone with the wind.
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US oil prices hovered just shy of $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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An offshore semi-submersible deepwater drilling rig in the Gulf of Mexico is missing in the wake of Hurricane Ivan, but its crew was evacuated well before the storm hit, a spokesman for the company that owns it said Thursday.