Oil industry tallies up damage from Gustav

Anadarko Petroleum Corp., the largest independent deep-water producer in the Gulf of Mexico, said Tuesday afternoon it had completed aerial inspections of four production platforms in the eastern and central Gulf and all appeared to be intact with no visual damage. The company said it planned to return personnel to those facilities later Tuesday for more thorough inspections.

Exxon Mobil Corp. said Tuesday it couldn't say when it would restart its Louisiana refineries in Chalmette and Baton Rouge, both of which were shut down in recent days.

Valero Energy Corp. said late Monday an initial assessment of its St. Charles, La., refinery, which turns 250,000 barrels a day of crude oil into gasoline and other fuels, found "no significant structural damage," although it was too soon to say when the plant's operations would restart.

Energy stocks across the board--producers, drillers, others--took a dive Tuesday, though analysts said the pullback had more to do with broader concerns about the sluggish global economy than anything weather related.

"Economic issues seem to be taking more of the forefront--what's going on in Europe, Japan, elsewhere," said Roger Read, an analyst at investment bank Natixis Bleichroeder Inc. "The general macroeconomics concerns seem to be what everybody is focused on."