Oil and natural-gas operators in the Gulf of Mexico have shut in 71.1%, or 1.24 million barrels of oil a day, in Gulf oil production, ahead of Tropical Storm Nate’s arrival, S&P Global Platts reported late Friday, citing data from the Bureau of Safety and Environmental Enforcement. The BSEE website was not accessible as of 4:30 p.m. Eastern. On Thursday, the BSEE said that 14.6% of Gulf oil output was shut in. Nate is expected to become a hurricane Saturday and pass through the center of the Gulf, according to the National Hurricane Center.
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