18% of production still shut in and could be for awhile
The BSEE reports that 18.19% of US gulf oil production remain shut in, or 331,000 barrels per day. That's steadily improved in the past week following the reopen of Port Fourchon.
The bad news is that Shell revealed today that its WD-143 'A' platform facilities will be out of service until the end of the year.
Oil analyst Giovanni Staunovo puts that at 160k/bpd. That's not huge but it's marginal tightness is a finely balanced market.
