Hurricane Ida slammed into the heart of the US energy industry, but the response in fuel markets was muted on Monday as companies began to survey the extent of the storm’s damage.
Widespread wind and flooding followed Ida’s landfall on Sunday on the Louisiana coast, with water surging as high as 9ft in some areas. The Gulf of Mexico region contains a dense web of oil wells, refineries, petrochemical facilities, pipelines and natural gas processing plants.
Energy companies only started assessing damage to their facilities as day broke on Monday. More than 1m customers across Louisiana remained without power, according to PowerOutage.US.
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