Gulf Coast refineries resuming output at reduced rate
Many US Gulf Coast refineries which shut ahead of Hurricane Ike should be operating within a week following site damage reports, according to a Platts report.
Several refineries were restarting operations on Tuesday, while 14 remain shut or running at a reduced rate.
According to US Minerals Management Service (MMS), oil output has increased slightly in the Gulf of Mexico but remains low. On Tuesday, 97.2% of the 1.3 million barrels per day output of crude oil remained down. Gas output was down 84.2% from the normal 7.4bcf output.
“Most of the issues we are seeing with refineries is a lack of electricity,” Jeffrey Kupfer Deaprtment of Energy’s acting
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