U.S. offshore oil production losses felt around the globe By Reuters

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© Reuters. FILE PHOTO: Oil rigs are seen in the Gulf of Mexico after Hurricane Ida made landfall in Louisiana, in Grand Isle, Louisiana, U.S. August 31, 2021. REUTERS/Marco Bello/File Photo

By Sabrina Valle and Marianna Parraga

HOUSTON (Reuters) -Two weeks of U.S. offshore production losses spiraled on Thursday, with contract cancellations as prolonged outages due to damages from Hurricane Ida were felt around the globe.

Three-quarters of U.S. Gulf of Mexico oil production remained offline, according to government data, as repair efforts dragged on. Power outages at onshore processing and pipeline facilities have prevented some oil production from reaching shore, which has supported oil prices https://www.reuters.com/business/energy/oil-eases-after-rally-decline-us-output-limits-losses-2021-09-09 since last week.

Restarts are “at least more than a week away”, said Nishant…

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