Foul Weather Closes Mexican Crude Oil Terminals Effecting Oil Supply

A weather system of high air pressure forming a cold air mass brought high seas and heavy winds to the Gulf of Mexico which on Saturday afternoon. A weather bulletin issued from Mexico's Secretary of Transportation and

Communication (SCT) stated  the Mexican crude oil terminals of Cayo Arcas, Dos Bocas, and Pajaritos were closed due to 45 knot winds and 8-10 ft seas.

These important Mexican ports provide the majority of the 1,483,000 million barrels a day of crude oil the United States receives from Mexico. Monday morning, oil traders on the New York Mercantile Exchange will take note of this small oil supply disruption, which could possibly have an effect on the price of oil.

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Tags: Mexico | Cayo Arcas | crude Oil | Dos Bocas | Gulf_Of_Mexico | Money & Stuff | oil terminals | port closure