StandardsAboutContact
The Gulf Barrel

Crude Oil and OPEC+

Isaias Shut-Ins Hit Gulf Oil, but Counts Differ

Isaias Shut-Ins Hit Gulf Oil, but Counts Differ

Crude Oil and OPEC+

Hurricane Isaias has shut in a large share of Gulf of America offshore output, but sources measure it differently. The Marine Minerals Administration estimate relayed by Rigzone put oil at 71.51% on 9 October; the U.S. Energy Information Administration cited about 1.3 million barrels per day on 8 October. Damage and restart timing remain unconfirmed.

SLB's Gulf Revenue Rebounds 13% as Rigs Return

SLB's Gulf Revenue Rebounds 13% as Rigs Return

Crude Oil and OPEC+

SLB's third-quarter Middle East revenue rose 13% sequentially as activity recovered in Iraq, Kuwait, Oman, Saudi Arabia, Qatar and the UAE, according to Bloomberg-sourced reporting. The rebound is partial: SLB flagged renewed disruption late in the quarter, so the Middle East recovery remains gradual, not complete.