BML 5.01 Decreased By ▼ -0.11 (-2.15%)
BOP 11.87 Increased By ▲ 0.21 (1.8%)
CNERGY 7.16 Increased By ▲ 0.05 (0.7%)
CPHL 89.29 Increased By ▲ 0.88 (1%)
DCL 13.81 Increased By ▲ 0.25 (1.84%)
DGKC 166.00 Increased By ▲ 3.48 (2.14%)
FCCL 46.35 Increased By ▲ 0.48 (1.05%)
FFL 15.98 Decreased By ▼ -0.01 (-0.06%)
GCIL 28.45 Increased By ▲ 0.55 (1.97%)
HUBC 142.98 Increased By ▲ 0.91 (0.64%)
KEL 5.14 Increased By ▲ 0.04 (0.78%)
KOSM 6.29 Increased By ▲ 0.11 (1.78%)
LOTCHEM 20.93 Increased By ▲ 0.84 (4.18%)
MLCF 84.63 Increased By ▲ 1.97 (2.38%)
NBP 120.27 Decreased By ▼ -0.30 (-0.25%)
PAEL 43.30 Increased By ▲ 2.02 (4.89%)
PIAHCLA 21.15 Decreased By ▼ -1.13 (-5.07%)
PIBTL 8.63 Increased By ▲ 0.11 (1.29%)
POWER 14.01 Increased By ▲ 0.17 (1.23%)
PPL 173.50 Increased By ▲ 1.15 (0.67%)
PREMA 44.91 Decreased By ▼ -1.03 (-2.24%)
PRL 33.17 Increased By ▲ 0.05 (0.15%)
PTC 24.01 Decreased By ▼ -0.67 (-2.71%)
SNGP 121.09 Increased By ▲ 0.25 (0.21%)
SSGC 45.95 Increased By ▲ 1.24 (2.77%)
TELE 8.05 Decreased By ▼ -0.08 (-0.98%)
TPLP 9.72 Decreased By ▼ -0.15 (-1.52%)
TREET 24.29 Increased By ▲ 0.36 (1.5%)
TRG 58.43 Decreased By ▼ -0.33 (-0.56%)
WTL 1.55 No Change ▼ 0.00 (0%)
BR100 13,547 Increased By 111.2 (0.83%)
BR30 39,742 Increased By 325 (0.82%)
KSE100 133,370 Increased By 1421.1 (1.08%)
KSE30 40,705 Increased By 317.5 (0.79%)

HOUSTON: The US Coast Guard warned of possible Texas port closures from Corpus Christi to Houston and began restricting vessel traffic because of Tropical Storm Beryl, which is expected to become a hurricane before making landfall by Monday morning at Port Lavaca.

Port closures could bring to a temporary halt shipments of crude oil to refineries and motor fuels from those plants.

Port condition “Yankee” was set by the Coast Guard captain of the port of Corpus Christi on Saturday afternoon, restricting vessel movement in ports from Matagorda Bay, 101 miles (163 km) southwest of Houston, to the US-Mexico border.

Citgo Petroleum Corp was cutting production at its 165,000 barrel-per-day Corpus Christi, Texas, refinery on Saturday ahead of the approach of Beryl to the Texas coast.

Citgo plans to keep the Corpus Christi refinery running at minimum production as the storm moves up the coast toward a projected landfall at Port Lavaca, a pipeline hub.

Oil producer Shell Plc completed the evacuation of workers from its Perdido production platform in the US-regulated Gulf of Mexico ahead of the approach of the storm, the company said on Friday night.

Hurricane Beryl, first of 2024 season, bears down on Caribbean

Production on Perdido was shut prior to the evacuations. Shell said it also evacuated workers from the Whale platform, which is due to start production later this year.

Gibson Energy, which operates a large oil terminal in Corpus Christi, said operations were continuing, but it would take further steps depending on the forecast.

The storm was moving on Saturday with maximum sustained winds near 60 mph (95 kmh), the National Hurricane Center said.

The latest forecasts would put Corpus Christi on the dry side of the storm where the lowest winds and least rain could be expected.

But Beryl could bring gale-force winds to the port, which is why the Coast Guard restricts traffic or shuts the port.

Most of the northern Gulf’s offshore oil and gas production is east of Beryl’s forecast track.

US Gulf of Mexico offshore production of about 1.8 million barrels per day accounts for about 14% of total US crude output, according to the US Energy Information Administration.

Any impact on supplies could push up prices of US oil and offshore crude grades.

Oil major Chevron Corp, among the biggest US offshore producers, said on Friday that production from its operated assets remained normal.

But it evacuated nonessential personnel from some of its Gulf of Mexico facilities.

Murphy Oil Corp said it has not shut in production or evacuated personnel, and continues to monitor the storm.

Comments

Comments are closed.