Friday, September 12, 2008

Hurricane Ike shuts oil fields, disrupts refineries and ups oil prices

Further strengthening of Hurricane Ike as it stormed into the Gulf of Mexico has led to closed down of oil fields and hindrances in the refinery production. The biggest US oil-import terminal, Louisiaana Offshore Oil Port which handles 13% of imports, said it shut down its marine operations owing to Hurricane Ike.

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