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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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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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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Forecasters cautioned Wednesday that Hurricane Ivan could pose a third consecutive threat to Floridaâs coast, leaving millions of residents thinking to themselves, ânot again.
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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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After slamming western Cuba with 160 mph winds, Hurricane Ivan hardly slowed as it moved into the Gulf of Mexico today, threatening offshore oil rigs and setting off an exodus along the US coast.
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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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Oil prices jumped again Tuesday as Hurricane Ivan charged towards the oil-rich Gulf of Mexico and an explosion rocked Iraq&#39;s recovering oil industry.
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Gulf Coast residents kept a watchful eye and the oil industry began making preparations Thursday as forecasters warned that a weather system swirling over waters west of Florida could become a tropical storm.
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SAN FRANCISCO (CBS.MW) - Transocean, after a frantic search for a giant oil rig blown off location by Hurricane Ivan, said late Thursday it found the structure drifting along 70 miles from the well it had been drilling, upright and apparently undamaged.
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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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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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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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Hurricane Ivan and its 220-kilometre-per-hour winds churned toward this historic port city with frightening intensity Wednesday as the storm began its assault on the Gulf Coast, lashing
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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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NEW YORK -- 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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Worries that Hurricane Ivan will hurt oil production in the Gulf of Mexico boosted oil prices Tuesday. In mid-morning New York trading, oil for future delivery hit $44.