NVDL: Oil has risen slightly but more so due to OPEC mulling a supply cut. Ike might add further insult to that decision.
Oil and gas companies restoring production in the Gulf of Mexico were yesterday forced to evacuate offshore facilities for the second time in a week as hurricane Ike moved into the region.
Royal Dutch Shell yesterday said it had evacuated about 150 people from its offshore facilities, leaving a further 500 personnel in place: "We will continue to bring personnel back to shore, with the intention of completing a full evacuation of personnel from Shell-operated facilities on Wednesday, in advance of Ike.''
The US government estimated about 80 per cent of oil production and 70 per cent of natural gas production in the Gulf of Mexico remained offline in the wake of Gustav.
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