Hurricane Helene is anticipated to bring catastrophic winds and storm surges, prompting evacuation warnings along the Gulf Coast. Energy production has been significantly curtailed as a precaution.
In response to Hurricane Helene, 29% of crude production and 17% of natural gas output in the U.S. Gulf of Mexico have been shut down, indicating the storm's potential impact on oil supplies.
Officials are urging coastal residents to evacuate as Hurricane Helene, a powerful Category 4 storm with winds reaching 156 mph, threatens to cross the eastern Gulf of Mexico.
The shutdown of offshore production in the Gulf is critical; it produces about 1.8 million barrels per day, accounting for roughly 15% of total U.S. crude output, leading to potential price increases.
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