U.S. energy companies said U.S. Gulf of Mexico crude oil output was cut by more than one-third on Saturday as Hurricane Katrina appeared poised to charge through central production areas, much like Hurricane Ivan did last September.
The Gulf of Mexico is home to roughly a quarter of U.S. domestic oil and gas output, and the storm's impact could well be felt at gas station pumps by U.S. car drivers already struggling with soaring gasoline prices.© Reuters 2005. All Rights Reserved.
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