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Oil Industry Surveys Damage After Hurricane Ida Slams Louisiana
Aug. 31, 2021

Oil Industry Surveys Damage After Hurricane Ida Slams Louisiana

Energy companies were assessing the health of refineries, pipelines, petrochemical plants and offshore oil platforms along the central Gulf of Mexico on Monday, the day after Ida struck Louisiana as a powerful Category 4 hurricane. Widespread flooding and power outages affecting more than one million customers across the state could leave gasoline makers along the banks of the Mississippi River scrambling to restart operations after they assess damages this week, analysts said. Valero Energy Corp. , Phillips 66 and Royal Dutch Shell PLC shut roughly 8% of the nation’s refining capacity ahead of the storm.

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