Chevron, Shell and BP Evacuate Gulf Workers Ahead of Tropical Storm
Source Summary
Chevron is evacuating non-essential personnel from all its Gulf of Mexico platforms as a tropical storm approaches, while oil production continues at normal levels. Shell is evacuating non-essential staff from six offshore platforms, and BP is doing the same in preparation for the storm. Some analysts view the weather warning as an additional strain on already volatile oil markets.
Why it matters
Evacuations from major Gulf oil platforms can disrupt production and add volatility to global oil markets already experiencing price sensitivity.
