Oil, gas output on slow mend in Gulf region

Nov 11, 2005 | 04:52 PM | Matthew Lerner

Energy production in the Gulf of Mexico, disrupted due to hurricanes Katrina and Rita, is approaching half of normal capacity, according to the latest data from the Minerals Management Service (MMS), an agency of the U.S. Interior Department.

Warm weather in the crucial Northeast heating fuel market is also contributing to a slight softening in energy costs as the metals industry looks for relief from high natural gas prices and transportation costs.....

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