Oil Supply Losses from Hurricane Ida Reach 30 Million Barrels, Impacting Gas Prices

Hurricane Ida has already caused oil supply losses of 30 million barrels, the International Energy Agency (IEA) reports, resulting in the first decline in global oil supply in five months.

Hurricane Ida shut in 1.7 million barrels per day of oil production in the Gulf at the end of August, “with potential supply losses from the storm approaching 30 mb. An uptrend in supply should resume in October as OPEC+ continues to unwind cuts, outages are resolved and as other producers increase,” the agency stated in its September Oil Market report.

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At Least 45 Dead in the Northeast in Wake of Hurricane Ida

The death toll in the Northeast reached 45 on Thursday following the remnants of Hurricane Ida hitting the coast.

Those who were killed ranged geographically from Maryland to Connecticut, the Associated Press reported. At least 12 of those dead were in New York City, with 11 dying in flooded basement apartments and one in a car.

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Ida Leaves More Than a Million Without Power, at Least One Dead in Louisiana

Over 1 million Louisiana residents are without electricity Monday morning, after Hurricane Ida came ashore Sunday afternoon with 150 mph winds and relentless rain.

At least one person is reported dead, with winds having sheered off roofs and flooded roads having kept rescue teams from responding.

“Nobody should be expecting that, tonight, a first-responder is going to be able to answer a call for help,” said Gov. Jon Bel Edwards at a news conference Sunday afternoon.

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Hurricane Ida Makes Landfall, Lashes Louisiana With Sustained Winds of Over 150 Miles Per Hour

Hurricane Ida made landfall Sunday afternoon near Port Fourchon in Louisiana. The hurricane had intensified overnight and went from a Category 2 to a Category 4 storm with sustained winds of 150 mph.

The National Hurricane Center said “to expect ‘extremely life-threatening’ storm surge inundation imminently within the area between Burns Point, Louisiana, to Ocean Springs, Mississippi.”

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