Hurricane Ida, which stormed through Louisiana at the end of August, has led to oil supply losses of 30 million barrels so far, driving the first decline in global oil supply in five months and pushing global inventories sharply down, the International Energy Agency (IEA) said on Tuesday. Initially, Hurricane Ida shut in as much as 1.74 million barrels per day (bpd) of crude oil production, or 95.65 percent of the total crude pumped in the U.S. Gulf of Mexico. On the day when the hurricane made landfall, a total of 288 production platforms in the Gulf of Mexico were evacuated. This was more than half of the manned platforms in the Gulf. Due to the storm’s severity and the damage identified at some offshore platforms and facilities, crude oil production in the Gulf of Mexico has been slow to restart. Two weeks after Hurricane Ida made landfall in […]