Shell, Chevron, and Harbour Energy are cutting Gulf of Mexico output as Hurricane Isaias closes in
About 512,000 barrels a day — 25% of Gulf production — had been shut in as of midday Wednesday as the storm nears the Gulf Coast
Tropical Storm Isaias emerged in warm waters off eastern Mexico on Wednesday, with forecasters predicting it will intensify into a hurricane and make landfall along the U.S. Gulf Coast later in the week. Located approximately 285 miles west of Progreso, Mexico, and about 580 miles southwest of the Mississippi River's mouth, Isaias is currently moving east-northeast at 8 mph with maximum sustained winds of 40 mph.
The National Hurricane Center has not yet pinpointed the exact location of the storm's landfall, but projections suggest it could strike between eastern Louisiana and the western Florida Panhandle.
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