# Hurricane knocks out 42 percent of U.S. Gulf of Mexico oil output

> Hurricane Michael cut 42 percent of U.S. Gulf of Mexico daily crude output and nearly a third of natural gas output, the largest reductions in a year. Companies evacuated staff and shut in platforms ahead of the storm.

- Date: 2018-10-10 · published 2018-10-10T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/7404-hurricane-knocks-out-42-percent-of-u-s-gulf-of-mexico-oil-output
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A large loss of Gulf supply tightens crude and natural gas markets, raising energy costs for feed production and transport.

## Read by commodity

- WTI: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-09-12 | [Oil rises 2% as storm batters US Gulf of Mexico production](https://feedsoft.ai/events/10166-oil-rises-2-as-storm-batters-us-gulf-of-mexico-production.md) | +5.3% | +8.4% |
| WTI | 2024-11-05 | [Oil prices edge up on Gulf of Mexico storm ahead of US election results](https://feedsoft.ai/events/27566-oil-prices-edge-up-on-gulf-of-mexico-storm-ahead-of-us-election-results.md) | -2.7% | -2.3% |
| WTI | 2022-12-23 | [Storm cuts U.S. oil, gas, power output, sending prices higher](https://feedsoft.ai/events/38414-storm-cuts-u-s-oil-gas-power-output-sending-prices-higher.md) | +3.3% | +3.0% |
| WTI | 2020-08-23 | [Oil Gains as U.S. Gulf Output and Refineries Halted Before Storm - Bloomberg](https://feedsoft.ai/events/51786-oil-gains-as-u-s-gulf-output-and-refineries-halted-before-storm-bloomberg.md) | +1.5% | -7.2% |
| WTI | 2024-09-11 | [US crude oil climbs more than $2 on fears of Hurricane Francine](https://feedsoft.ai/events/10172-us-crude-oil-climbs-more-than-2-on-fears-of-hurricane-francine.md) | +8.2% | +11.5% |
| NATGAS | 2022-12-23 | [Storm cuts U.S. oil, gas, power output, sending prices higher](https://feedsoft.ai/events/38414-storm-cuts-u-s-oil-gas-power-output-sending-prices-higher.md) | -33.4% | -44.5% |
| NATGAS | 2020-10-08 | [UPDATE 2-U.S. natgas up to highest since August as Hurricane Delta shuts output By Reuters](https://feedsoft.ai/events/8352-update-2-u-s-natgas-up-to-highest-since-august-as-hurricane-delta-shuts-output.md) | +0.8% | +23.7% |
| NATGAS | 2024-11-11 | [U.S. Natural Gas Prices Jump Over 10% After Hurricane Rafael Hits \| OilPrice.com](https://feedsoft.ai/events/7028-u-s-natural-gas-prices-jump-over-10-after-hurricane-rafael-hits-oilprice-com.md) | +20.1% | +73.4% |

## Sources

- reuters.com: https://www.reuters.com/article/business/environment/hurricane-knocks-out-42-percent-of-us-gulf-of-mexico-oil-output-idUSKCN1MK1YN/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.