Gulf production just got rugged, sending a supply-shock signal through SPY macro trades.
Catalyst. U.S. Gulf Shuts Down 72% Of Oil Production, ~1.5M Barrels/Day; The U.S. Gulf Of Mexico Has Shut In 71.5% Of Daily Oil Production And 58.8% Of Natural Gas Output, According To The Marine Minerals Administration;
The U.S. Gulf of Mexico shut in 71.5% of daily oil production, about 1.5 million barrels per day, and 58.8% of natural gas output, according to the Marine Minerals Administration via Bloomberg and Benzinga.
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