RE: Ida28 Aug 2021 02:51
HOUSTON, Aug 27 (Reuters) - U.S. oil and gas companies on Friday cut more than 1.6 million barrels of oil production as a major storm churned toward oilfields that provide 17% of the nation's oil production.
Production cutbacks ahead of Hurricane Ida exceed those during 2005's devastating Katrina
Ida barreled into Cuba on Friday after intensifying into a hurricane with 85 mile per hour (130 kph) winds, according to the National Hurricane Center (NHC). It could become "an extremely dangerous major hurricane," and threaten the U.S. Gulf Coast "catastrophic wind damage," the NHC said. L1N2PY0T2