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Gulf oil production offline, extending a rapid shutdown that began with just 185,120 bpd three days ago

Gulf oil production offline, extending a rapid shutdown that began with just 185,120 bpd three days ago

The scale of the shutdown has changed quickly.

Friday's figure puts more than seven out of every ten barrels normally produced in the Gulf temporarily out of the market.

That restart depends on what Isaias leaves behind.

The Gulf shutdown is landing in an oil market already short on comfortable supply cushions after months of disruptions in the Middle East and falling inventories.

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