💨 Abstract

The article reports that oil and gas producers in the U.S. Gulf of Mexico are shutting in production and evacuating workers due to the approaching Tropical Storm Rafael, which is forecast to intensify into a Category 1 hurricane over the next 24 to 36 hours. Producers may lose significant amounts of oil and natural gas, and U.S. oil futures have risen in response to the storm concerns.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖