U.S. Gulf of Mexico producers have cut daily oil production by roughly 42 percent and natural gas output by nearly 32 percent due to Hurricane Michael, the Bureau of Safety and Environmental Enforcement said on Wednesday, citing reports from 30 companies. The cuts represent 718,877 barrels per day of oil production and 812 million cubic feet per day of natural gas output, BSEE said. Michael made landfall on Wednesday along the Florida Panhandle as a Category 4 hurricane with winds measuring at 155 miles per hour (249 kph). The storm is expected to be the worst ever recorded in the region. Major producers including BP Plc, BHP Billiton, Exxon Mobil Corp and Anadarko Petroleum Corp were among the firms to […]