Commodity Corner

Energy agenda: Offshore recovery efforts

Oil prices are slipping this morning, reacting more to dimming prospects for U.S. growth after a report showed job losses in August than the tropical storms building in the Caribbean.

October crude was last down close to $2 at $105.92 a barrel on the NY Merc — just about the level Iran’s OPEC governor said on Friday is “appropriate.”

Here’s a look at some of the story planning on the Reuters energy team today:

Checking in on Hurricane Gustav cleanup – it’s been slow. (MMS releases updated production data from Gulf of Mexico in Gustav’s wake (1800 GMT) Checking on Entergy’s work to restore power, repair damaged grid From Caracas, details of any impact on oil industry from Monday’s electricity blackout.