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Saturday, May 24, 2025

Oil Firms Fear Damage From Katrina

Oil companies said Monday they were worried that powerful Hurricane Katrina may have caused damage to offshore oil platforms and undersea pipelines in the Gulf of Mexico.


They said this could delay a return to normal production after the storm brought operations to a standstill over the weekend. Some analysts said Katrina could be worse than Ivan, and that oil output could also be cut for months.


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