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Top News & Analysis Louisiana

  • *U.S. gasoline at two-year high above $2 a gallon. AMSTERDAM, Aug 31- Oil prices rose 1 percent on Thursday, clawing back some of the losses made a day earlier, but U.S. crude is on track for the steepest monthly losses in more than a year on demand concerns after floods knocked out a quarter of U.S. refining capacity. Prices also rallied in the oil products markets, with U.S....

  • WASHINGTON, Aug 31- The U.S. Department of Energy said on Thursday that it was releasing 500,000 barrels of oil from the nation's emergency crude reserve to a Phillips 66 refinery in Louisiana after Tropical Storm Harvey shut refineries on the U.S. Gulf Coast. Strategic Petroleum Reserve, a series of underground caverns in Louisiana and Texas operated by the...

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Aug 31- Tropical Storm Harvey's impact on the energy industry spread worldwide as flooded U.S. refiners and closed fuel pipelines threatened to squeeze national supply, roiling global fuel markets and rerouting millions of barrels of fuel to the Americas to avert shortages.

  • WASHINGTON, Aug 31- The U.S. Energy Department said on Thursday it would release 500,000 barrels of crude oil from the Strategic Petroleum Reserve as Tropical Storm Harvey's disruption of the petroleum industry has spiked motor fuel prices. Harvey shut down about a quarter of the country's refining output after it lashed Houston with record floods before it...

  • LAKE CHARLES, La./ HOUSTON, Aug 31- The remnants of Tropical Storm Harvey drenched northern Louisiana on Thursday as it moved inland, leaving rescuers to search homes around Houston and in the hard-hit southeastern Texas coast for more survivors or victims. Some 32,000 people were forced into shelters around the U.S. energy hub of Houston since Harvey came ashore...

  • WASHINGTON, Aug 31- The U.S. Energy Department said on Thursday it would release 500,000 barrels of crude oil from the Strategic Petroleum Reserve as Tropical Storm Harvey's disruption of the petroleum industry has spiked motor fuel prices. The Energy Department "will continue to provide assistance as deemed necessary, and will continue to review incoming...

  • WASHINGTON, Aug 31- The U.S. Energy Department said on Thursday it would release 500,000 barrels of crude oil from the Strategic Petroleum Reserve as Tropical Storm Harvey's disruption of the petroleum industry has sent fuel prices soaring. Harvey shut about a quarter of the country's refining output after it hit Houston with record floods before it spread to...

  • LAKE CHARLES, La./ CROSBY, Texas, Aug 31- The remnants of Tropical Storm Harvey drenched northern Louisiana on Thursday as it moved inland, leaving behind record flooding that paralyzed the U.S. energy hub of Houston, killed at least 35 people and drove tens of thousands from their homes. Two explosions were reported at a flood-hit chemical plant in Crosby, Texas, 30...

  • A 'Stop' sign stands in floodwaters due to Hurricane Harvey in Spring, Texas, Aug. 28, 2017.

    Waste in Harvey's floodwaters pose massive risks to victims' health and the environment, The New York Times reports.

  • CHICAGO, Aug 30- Chicago fuel distributor Olson Service Company snapped up gasoline this week to pre-empt a potential supply crunch in the third-most populous U.S. city as fuel supplies dry up from Texas because of Tropical Storm Harvey. On Tuesday, a major fuel artery from the Gulf Coast to Chicago shut down because there was no fuel to pump through it.

  • Aug 31- The U.S. Energy Department will release 500,000 barrels of crude oil from the Strategic Petroleum Reserve in response to Tropical Storm Harvey, the first emergency release since 2012, a spokeswoman said in a statement on Thursday. The release will be delivered to the Phillips 66 refinery in Lake Charles, Louisiana, according to the statement.

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Aug 31- Tropical Storm Harvey's impact on the energy industry spread beyond flooding U.S. refiners as fuel pipelines were also shut, threatening to squeeze national supply and roil global fuel markets as U.S. retail fuel prices continue to climb. The storm, which lashed Louisiana with rain...

  • LAKE CHARLES, La./ HOUSTON, Aug 31- The remnants of Tropical Storm Harvey drenched northern Louisiana on Thursday as it moved inland, leaving behind record flooding that paralyzed the U.S. energy hub of Houston, killed at least 35 people and drove tens of thousands from their homes. Two explosions were reported at a flood-hit chemical plant in Crosby, Texas, 30 miles...

  • People walk down a flooded street as they evacuate their homes after the area was flooded from Hurricane Harvey on August 27, 2017 in Houston, Texas.

    Tropical Depression Harvey weakened as it moved inland over Louisiana, leaving behind record flooding in Texas.

  • LAKE CHARLES, La./ HOUSTON, Aug 31- Tropical Depression Harvey weakened as it moved inland over Louisiana on Thursday, leaving behind record flooding that drove tens of thousands from their homes in Texas. A new threat came from explosions at a flood-hit chemical plant in Crosby, 30 miles northeast of Houston. Flood watches and warnings extend from the Texas-...

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Aug 31- Tropical Storm Harvey's effect on the energy industry has spread beyond flooding U.S. refiners as fuel pipelines also shut, threatening a supply squeeze across the nation and stirring up world markets as U.S. retail fuel prices rose further. At least two East Coast refineries have...

  • LAKE CHARLES, La./ HOUSTON, Aug 31- Tropical Depression Harvey weakened as it moved inland over Louisiana on Thursday, leaving behind record flooding that drove tens of thousands from their homes in Texas, with the death toll rising as bodies were found in receding waters. The storm that paralyzed Houston is predicted to be one of the most expensive natural...

  • PARIS, Aug 31- French luxury department store Galeries Lafayette is to buy a majority stake in online and catalogue retailer La Redoute, the companies said on Thursday, in a deal Lafayette said would deliver cost-savings and boost its digital businesses. Lafayette said it would buy an initial 51 percent stake in La Redoute, and would aim to own all of it in future.

  • SINGAPORE, Aug 31- Gasoline prices in the United States hit $2 a gallon for the first time since 2015 on Thursday as flooding from storm Harvey knocked out almost a quarter of U.S. refineries, while crude prices remained weak as demand dropped following the outages. Harvey has battered the U.S. Gulf coast since last Friday, ripping through Texas, Louisiana and the...

  • LAKE CHARLES, La./ HOUSTON, Aug 31- Tropical Depression Harvey weakened as it moved inland over Louisiana on Thursday, leaving behind record flooding that drove tens of thousands from their homes in Texas, with the death toll rising as bodies were found in receding waters. The storm that paralyzed Houston is predicted to be one of the most expensive natural...