Washington was preparing a revised offshore oil drilling moratorium and cleanup efforts in the Gulf of Mexico returned to normal after hurricane Alex passed through the region without doing major damage.
The US Interior Department, one of
Hurricane Alex hit the Mexican coast south of the US border on Wednesday, flooding towns far inland, but the powerful storm stayed clear of oil fields to the relief of crude markets.
The Category 2 hurricane hampered efforts to control the
The approach of the first Atlantic hurricane of 2010 halted some clean-up efforts from BP’s Gulf of Mexico oil spill and delayed plans to capture more of the crude gushing from the largest spill in US history.
The Miami-based US National H
Tropical Storm Alex was set to strengthen into a hurricane on Tuesday, delaying BP Plc's efforts to increase siphoning capacity at the gushing oil well in the Gulf of Mexico where some companies evacuated workers.
Alex was forecast to move
Oil fell to below $78 on Tuesday as forecasts indicated tropical storm Alex would skirt the main production region in the US Gulf of Mexico, limiting disruption there to a few precautionary shutdowns.
The US National Hurricane Center forec