Gee, I wonder what the oil markets will do on Monday?
http://www.marketwatch.com/news/sto...D&siteid=google The deepwater Louisiana Offshore Oil Port, 18 miles offshore, closed its offshore operations Saturday and said it would close onshore operations Sunday. The port is the only U.S. facility that handles supertankers.
Royal Dutch Shell plc (UK:RDSA: news, chart, profile) said Saturday it would shut its offshore operations, cutting production by 420,000 barrels of oil and 1.345 billion cubic feet of gas a day.
Other major oil producers -- including Kerr-McGee Corp., (KMG: news, chart, profile) , Chevron Corp. (CVX: news, chart, profile) Murphy Oil Corp. (MUR: news, chart, profile) , Apache Corp. (APA: news, chart, profile) , Devon Energy Corp. (DVN: news, chart, profile) and Anadarko Petroleum Corp. (APC: news, chart, profile) -- announced plans to shut production and evacuate operations in the Gulf.