10 September 2008 12:10 [Source: ICIS news]
(Releads and updates throughout)
LONDON (ICIS news)--Hurricane Ike is picking up strength as it is heading towards oil installations in the Gulf of Mexico and possibly petrochemicals plants on the Texas coast, after killing at least 80 people in the Caribbean.
“Some strengthening is forecast and Ike could become a major hurricane in the central
At 05:00 EDT (09:00 GMT), the centre of Ike was located around 200 km north of the western tip of
It was expected to continue on its path across the central Gulf of Mexico for the next 24-48 hours and could make landfall in
Most companies with facilities in the
Crude prices failed to react to Ike after OPEC’s surprise announcement to slash output by 520,000 barrels per day (bpd) compared with July levels.
October Brent on
At the same time, October NYMEX light sweet crude futures were trading at $104.33/bbl, up $1.07/bbl on Tuesday’s close.
Bohan Loh contributed to this article
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