Nearly 30% of US Gulf of Mexico Oil Output Offline After Storm

OIL AND GAS - HOUSTON. Nearly 30% of U.S. Gulf of Mexico crude oil production and 41% of its natural gas production remained offline on Saturday following Hurricane Francine, the U.S. offshore energy regulator said.

Francine churned through prime oil and gas producing areas in the U.S. Gulf of Mexico and slammed into Louisiana with up to 100 miles per hour (161 kph) winds. The midweek storm toppled trees, flooded coastal areas and knocked out power across four states. There were some 37,000 customers in Louisiana without power on Saturday.