HOUSTON (Reuters) - At least one oil and gas platform in the U.S. Gulf of Mexico was shut on Monday and Florida ports imposed restrictions on vessel navigation as Hurricane Milton rapidly intensified. Most energy infrastructure on the U.S. Gulf Coast, including oil and gas production facilities, liquefied natural gas (LNG) plants and refineries, is expected to be out of...

12:51 PM EDT, 10/07/2024 (MT Newswires) -- Prospect Capital ( PSEC ) said Monday it increased total commitments under its revolving credit facility to $2.12 billion for its Prospect Capital Funding unit during the quarter ended Sept. 30. The facility includes an accordion allowing total commitments to reach $2.25 billion, the company said. The facility has a five-year term from...

(Reuters) - U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 on its path toward Florida's western coast, marking yet another costly disaster for the industry to cover this year. Insurers are expected to face catastrophe-related claims for billions of dollars from a devastating hurricane season. Catastrophe losses refer to a significant...

12:53 PM EDT, 10/07/2024 (MT Newswires) -- Price: 62.37, Change: -0.47, Percent Change: -0.75 ...