Beryl made landfall near the coastal town of Matagorda, Texas, on Monday morning, packing maximum sustained winds of 80 mph and posing problems for the heart of the country's energy sector.
U.S. crude futures settled 83 cents lower at $82.33 a barrel on Monday as hopes of a cease-fire deal in Gaza eased global supply concerns and capped gains driven by storm-related disruptions. CenterPoint Energy, which provides power to the southern and eastern parts of the state, had 2.2 million customers without electricity, the company said, warning that outages may last for several days.
The port and the channel had closed on Sunday. At least three vessels entered the Corpus Christi bay on Monday, ship tracking data on Kpler and LSEG showed. Shell and Chevron said they had shut production or evacuated personnel from their Gulf of Mexico offshore platforms. The U.S. Gulf of Mexico produces some 1.8 million barrels per day of oil, roughly 14% of total U.S. output. It was not immediately clear how much production had been shut in as a result of Beryl.