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Top News & Analysis Louisiana

  • *Brent oil falls after North Korea nuclear test. LONDON, Sept 4- Benchmark U.S. gasoline prices slumped on Monday to pre-Hurricane Harvey levels as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed activity, easing supply concerns. West Texas Intermediate crude futures, however, were up 13 cents at $47.42 barrel as U.S. demand, hit by reduced...

  • *Brent oil falls after North Korea nuclear test. LONDON, Sept 4- Benchmark U.S. gasoline prices fell by more than 4 percent on Monday as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed activity after Hurricane Harvey subsided, easing concerns over supply shortages in the world's top oil consumer. Brent crude oil futures were however trading...

  • Brent crude futures, the international benchmark for oil prices, were down 68 cents, or 1.3 percent, at $52.07 a barrel by 0808 GMT. West Texas Intermediate crude futures were more stable, down 8 cents at $47.21 barrel, as several refineries in the U.S. Gulf Coast restarted 10 days after Hurricane Harvey struck the region, boosting the outlook for demand in the...

  • SINGAPORE, Sept 4- Oil prices fell on Monday after a powerful North Korean nuclear test explosion triggered a flight of investors away from crude markets and into gold futures, which are seen as a safe haven. Brent crude futures, the international benchmark for oil prices, had fallen by almost 1 percent from their last close, or 41 cents, to $52.34 per barrel by 0655...

  • SINGAPORE, Sept 4- Oil prices fell on Monday after a powerful North Korean nuclear test explosion triggered a flight of investors away from crude markets and into gold futures, which are seen as a safe haven. Brent crude futures, the international benchmark for oil prices, fell by around 1 percent from their last close, or 51 cents, to $52.24 per barrel by 0631 GMT.

  • *Markets nervously eye North Korea after nuclear test. West Texas Intermediate crude futures were at $47.42 barrel at 0411 GMT, 13 cents above their last settlement. Gulf of Mexico' s oil production, or 96,000 barrels of daily output, remained shut on Sunday, the federal Bureau of Safety and Environmental Enforcement said.

  • SINGAPORE, Sept 4- Oil markets were volatile on Monday, supported by shutdowns of U.S. production following Hurricane Harvey, but pressured by an expected downturn in crude demand as the storm knocked out refineries along the Gulf of Mexico coast. Harvey, which made landfall along the Gulf coast of Texas and Louisiana last week, knocked out almost a quarter of the...

  • SINGAPORE, Sept 4- Oil markets were volatile on Monday, supported by shutdowns of U.S. production following Hurricane Harvey, but pressured by an expected downturn in crude demand as the storm knocked out refineries along the Gulf of Mexico coast. Harvey, which made landfall along the Gulf coast of Texas and Louisiana last week, knocked out almost a quarter of the...

  • SINGAPORE, Sept 4- Oil markets were volatile on Monday, supported by shutdowns of U.S. production following Hurricane Harvey, but pressured by an expected downturn in crude demand as the storm knocked out refineries along the Gulf of Mexico coast. Harvey, which made landfall along the Gulf coast of Texas and Louisiana last week, knocked out almost a quarter of the...

  • SINGAPORE, Sept 1- Refiners across Asia are cranking up output to send fuel to the United States, where fallout from Hurricane Harvey has left around a quarter of the nation's refineries shut down. Attracted by soaring refining margins, known as crack spreads in the industry, Asian fuel makers from Singapore to South Korea have ramped up operating rates to sell as...

  • Treasury Secretary Steven Mnuchin on Sunday challenged Congress to raise the government's debt limit in order to free up relief spending for Hurricane Harvey, a disaster that the governor of Texas said had caused up to $180 billion in damage. Texas Governor Greg Abbott estimated damage at $150 billion to $180 billion, calling it more costly than Hurricanes...

  • HOUSTON/ NEW YORK, Sept 3- Colonial Pipeline Co, the biggest U.S. fuel system, delayed reopening a segment of its system in Texas that was shut due to Hurricane Harvey, increasing worries about rising retail prices and the domestic distribution of gasoline and distillates. The company, which had originally scheduled a Sunday restart for the segment going from...

  • Treasury Secretary Steven Mnuchin on Sunday challenged Congress to raise the government's debt limit in order to free up relief spending for Hurricane Harvey, a disaster that the governor of Texas said could require up to $180 billion. Texas Governor Greg Abbott estimated damage from Hurricane Harvey at $150 billion to $180 billion, calling it more costly...

  • NEW YORK/ HOUSTON, Sept 3- Colonial Pipeline Co, the biggest U.S. fuel system, delayed reopening a segment of its system in Texas that was shut due to Hurricane Harvey, increasing worries about rising retail prices and the domestic distribution of gasoline and distillates. The company, which had originally scheduled a Sunday restart for the segment going from...

  • HOUSTON, Sept 3- Colonial Pipeline Co on Monday will restart Texas portions of its main distillate and gasoline lines shut by Hurricane Harvey, the biggest U.S. fuels system operator said on Sunday. The main distillate line between Houston and Hebert, Texas, is expected to restart by Monday, and the gasoline line between those two points is expected to be in service...

  • HOUSTON, Sept 3- U.S. refiner Phillips 66 has requested a Jones Act waiver to allow it to use foreign vessels to move crude or products to and from its 260,000- barrel-per-day Alliance refinery in Louisiana after Hurricane Harvey, the company said on Sunday. Texas governor Greg Abbott has said the population size and number of homes affected by Harvey is bigger...

  • HOUSTON, Sept 3- Texas Governor Greg Abbott on Sunday estimated damage from Hurricane Harvey at $150 billion to $180 billion, calling it more costly than epic hurricanes Katrina or Sandy and fueling a debate over how to pay for the disaster. "Katrina caused if I recall more than $120 billion but when you look at the number of homes and business affected by this I...

  • HOUSTON, Sept 3- Texas Governor Greg Abbott on Sunday estimated damage from Hurricane Harvey at $150 billion to $180 billion, calling it more costly than epic hurricanes Katrina or Sandy and fueling a debate over how to pay for the disaster. "Katrina caused if I recall more than $120 billion but when you look at the number of homes and business affected by this I...

  • HOUSTON, Sept 3- Texas Governor Greg Abbott on Sunday said damage from Hurricane Harvey would exceed that of epic hurricanes Katrina or Sandy, likely reaching $150 billion to $180 billion. Harvey, which came ashore on Aug. 25 as the most powerful hurricane to hit Texas in 50 years, has killed an estimated 47 people and displaced more than 1 million after causing...

  • HOUSTON, Sept 3- As flood waters recede from Hurricane Harvey, thousands are set to return to their homes on Sunday to survey damage from unprecedented flooding that devastated densely populated areas of Texas, as worries mount about health risks. Harvey, which came ashore on Aug. 25 as the most powerful hurricane to hit Texas in 50 years, is expected to be one of the...