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28 May 2018
Shell to restore production on Ram Powell Hub
According to Reuters, Shell has recently announced that it was returning workers to the eastern Gulf of Mexico and was planning to restore production on Ram Powell Hub after verifying that the platform was safe to operate again in the aftermath of storm Alberto. There was no apparent market reaction to this development and the barrel of WTI is consolidating its daily losses near mid-$66s, where it's down more than 2%, or nearly $1.5, on the day.