Ida shut down nine refineries, most offshore energy production

Nine refineries shut down in Louisiana as Hurricane Ida approached, resulting in the loss of 2.3 million barrels a day in refinery capacity, the U.S. Department of Energy reported.

That represents the loss of about 13% of U.S. refinery capacity, the DOE said.

They're awaiting damage assessments and restoration of utility service to resume operations.

As of the late morning Monday, 95% of the oil production and 94% of the natural gas production in the federally administered areas of the U.S. Gulf of Mexico remained shut in, according to estimates by the Bureau of Safety and Environmental Enforcement.

The refinery and offshore platform shut-ins are not anticipated to cause any immediate supply issues, the department said. For the week ending Aug. 20, Gulf Coast stocks of gasoline and distillate were 3% and 5% above the seasonal five-year average. Gulf Coast stocks of crude oil were essentially in line with the five-year average in the Gulf Coast (not including the Strategic Petroleum Reserve).

The ports of Morgan City, New Orleans, Baton Rouge and Gramercy in Louisiana and the Port of Pascagoula, Mississippi, remain closed after the passage of Hurricane Ida. Operations remain suspended at
the Louisiana Offshore Oil Port marine terminal.