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UPDATE 1-Hurricane Nate shuts in 92 pct of U.S. Gulf of Mexico oil output


Hurricane Nate had shut in 92 percent of oil output and 77 percent of natural gas production in the U.S. Gulf of Mexico as of Saturday afternoon, according to the latest U.S. government estimate. 

The storm, which is expected to make landfall late Saturday on the central U.S. Gulf Coast as a Category 2 storm on the Saffir-Simpson Hurricane Wind Scale, has halted offshore production amounting to 1.61 million barrels per day of oil and 2.48 billion cubic feet per day of natural gas, the Bureau of Safety and Environmental Enforcement said on Saturday.

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