Production remains off line in the Gulf in Ivan&#39;s aftermath
562113
DALLAS (CBS.MW) -- Oil and gas production in the Gulf of Mexico remains off line and tankers continued to sit idle offshore Friday, raising questions about how much further the nation&#39;s crude inventories will be depleted following Hurricane Ivan.
348197
NEW YORK - Energy companies today were taking more than 3,000 workers off drilling rigs in the Gulf of Mexico ahead of Hurricane Ivan, a powerful Category 5 storm, and were shutting much more oil production in the Gulf than had been shut by a pair of
165650
Oil prices closed above $50 a barrel for the first time yesterday as concerns linger about damage to oil production in the Gulf of Mexico from Hurricane Ivan.
516090
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.
116144
Another increase in oil prices due to concerns over Hurricane Ivan&#39;s effect on oil exploration in the Gulf of Mexico didn&#39;t have a large impact on trading.
78776
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.
570519
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 U.S. ports.Ivan swept east of major refineries, tank farms and other facilities in Louisiana and Texas. It also bypassed the biggest concentrations of offshore oil and gas production platforms in the Gulf of Mexico.ChevronTexaco's Pascagoula, Miss., refinery was the closest to the hurricane's path and remained closed Thursday. "The preliminary (damage) assessment is somewhat positive," said spokesman Steve Renfroe, who said the company had not determined when it could restart the plant.But on Ivan's heels Tropical Storm Jeanne knocked out a portion of production at a refinery in the U.S. Virgin Islands and barreled toward Puerto Rico.As a result, oil for October delivery rose 30 cents to &#36;43.88 a barrel on the New York Mercantile Exchange.Energy companies feared Ivan would make landfall in Louisiana or Texas and damage refineries there. The Gulf Coast accounts for nearly half of U.S. daily refining capacity of 16 million barrels. U.S. refiners are running near capacity to build stocks of winter heating fuels."The industry dodged a bullet in that the storm was really a couple of hundred miles east of refinery row (north of New Orleans) up the Mississippi River," said Jeff Dietert, refining industry analyst at Simmons &amp; Co. He said precautionary closures eliminated about 1.5 million barrels of gasoline and other products from the daily total.One of the nation's most important pipelines, the Capline carrying imported crude from New Orleans to Patoka, Ill., for Midwest refiners, was undamaged, said Shell, operator of the line.Still, Dietert predicted higher futures prices for oil and gasoline - and ultimately for consumers - after the government reports data on fuel stockpiles next week. That report will show how much oil companies and their customers have drawn from crude and gasoline inventories to make up for deliveries delayed by Ivan and Jeanne.Colm McDermott, analyst at energy research firm John S. Herold, said consumers might escape without much pain. If the impact of the refinery closures and delivery delays is short-lived, wholesalers, retailers and others in the supply chain might eat price increases rather than pass them on.Reuters reported that Ivan forced the shutdown of eight refineries, or 13% of U.S. capacity. Half of those were restarting Thursday.Offshore, Shell and other producers were flying work crews back out to some evacuated oil and gas platforms and doing aerial damage assessment of others.Shell said its refining and chemical plants in Louisiana had restarted or were never shut down. A Mobile, Ala., chemical plant remained closed, it said.
742947
Oil prices were little changed on  Thursday as downside pressure from swelling international  supplies was balanced by concern that Hurricane Ivan could hit  offshore energy production in the Gulf of Mexico after tearing  through the Caribbean.
181998
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.
211572
Crude oil was little changed after rising 2.5 percent yesterday as the approach of Hurricane Ivan disrupted production and tanker shipments in the Gulf of Mexico, where a quarter of US oil and natural gas is pumped.
256412
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.
405492
World crude prices have risen amid fears that supplies from the oil-rich Gulf of Mexico could be disrupted by Hurricane Ivan. Energy companies have evacuated thousands of offshore workers and shut down some production in the region.
13098
Thousands of workers were evacuated Monday from oil and gas platforms in the Gulf of Mexico as Hurricane Ivan bore down on the waters that cover nearly one-quarter of the country&#39;s fuel supply.
121110
The Bush administration is moving toward releasing oil from the nation&#39;s emergency stockpiles as a result of disruptions to production and imports caused by Hurricane Ivan.
203557
Oil prices darted above $51 a barrel yesterday as output in the Gulf of Mexico remains in shambles more than two weeks after Hurricane Ivan tore through the region.
585456
Hurricane Ivan, which left a swath of death and destruction across the Caribbean, wrought havoc on oil drilling operations in the Gulf of Mexico before rampaging across the Florida and Alabama coast on Thursday.
318139
NEW YORK : The latest twists and turns from Hurricane Ivan prompted renewed concerns Monday about oil production in the Gulf of Mexico, pushing futures prices sharply higher on global markets.