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Top News & Analysis Louisiana

  • *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 flooded U.S. refiners as fuel pipelines are also shut, threatening a supply squeeze around the country and roiling world markets as traders scramble to find alternative supplies. At least two East Coast...

  • *U.S. gasoline shoots to $2 per gallon for 1st time since 2015. SINGAPORE, Aug 31- Gasoline prices 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 stabilised following a slump the previous day. Harvey has battered the U.S. Gulf coast since last Friday, ripping...

  • HOUSTON/ SAN FRANCISCO, Aug 30- In the coming weeks, as Houston turns its attention to rebuilding areas devastated by Tropical Storm Harvey, people like Jay De Leon are likely to play an outsized role if they stay around. De Leon, 47, owns a small construction business in Houston, and he and his 10 employees do exactly the kind of demolition and refurbishing the city...

  • LAKE CHARLES, La./ HOUSTON, Aug 30- Tropical Storm Harvey spun across southeast Texas into Louisiana on Wednesday, sending more people fleeing for shelter after swamping Houston with record rains and flooding that killed at least 35 people and drove tens of thousands from their homes. The storm has forced 32,000 people into shelters since coming ashore on Friday...

  • HOUSTON/ NEW YORK, Aug 30- Tropical Storm Harvey further damaged the heart of the U.S. energy industry on Wednesday, churning into Louisiana after flooding the biggest U.S. refinery in Texas, forcing major pipelines to halt operations and threatening a supply squeeze for weeks. At least two East Coast refineries have already run out of gasoline for immediate...

  • *U.S. gasoline shoots to $2 per gallon for 1st time since 2015. SINGAPORE, Aug 31- Gasoline prices hit $2 a gallon for the first time since 2015 on Thursday as flooding from tropical storm Harvey knocked out almost a quarter of U.S. refineries, while crude oil prices fell again on the resulting drop in demand. Harvey has battered the U.S. Gulf coast since last Friday,...

  • HOUSTON/ NEW YORK, Aug 30- Tropical Storm Harvey inflicted more damage on the heart of the U.S. energy industry on Wednesday, churning into Louisiana after flooding the biggest U.S. refinery in Texas, causing major fuel pipelines to Midwest and East Coast markets to suspend operations and threatening to squeeze supplies across the country for weeks.

  • LAKE CHARLES, La./ HOUSTON, Aug 30- Tropical Storm Harvey spun across southeastern Texas into Louisiana on Wednesday, sending more people fleeing for shelter after swamping Houston with record rains and flooding that killed at least 25 and drove tens of thousands from their homes. The storm has forced 32,000 people into shelters since coming ashore on Friday as...

  • Aug 30- Major U.S. railroads have warned that it could be a long time before normal operations resume in the Houston area where Tropical Storm Harvey has caused catastrophic flooding. Closure of rail lines in the grain transport hub and nexus for cross-border traffic with Mexico presents a costly headache for customers ranging from automakers to farmers who...

  • Aug 30- Major U.S. railroads have warned that it could be a long time before normal operations resume in the Houston area where Tropical Storm Harvey has caused catastrophic flooding. And it said workers were reorganizing major rail yards at Settegast, near downtown Houston, and Englewood, including assessing infrastructure, getting trains reassembled and...

  • SINGAPORE, Aug 31- Gasoline prices hit fresh 2- year highs on Thursday as flooding from tropical storm Harvey knocked out almost a quarter of U.S. refineries, while crude oil prices fell again on the resulting drop in demand. Harvey has battered the U.S. Gulf coast since last Friday, ripping through Texas and Louisiana at the heart of the U.S. petroleum industry.

  • The pipeline connects the refineries of the Gulf Coast to the populous East Coast, transporting more than 3 million barrels of fuel every day. The Explorer Pipeline, which has a capacity of 660,000 barrels a day, said on Wednesday it had shut its main fuel line from Houston to Tulsa, Oklahoma, as supplies dwindled. At least two East Coast refineries have already run...

  • HOUSTON/ NEW YORK, Aug 30- Tropical Storm Harvey inflicted more damage on the heart of the U.S. energy industry on Wednesday, churning into Louisiana after flooding the biggest U.S. refinery in Texas, causing major fuel pipelines to Midwest and East Coast markets to suspend operations and threatening to squeeze supplies across the country for weeks.

  • NEW YORK, Aug 30- Colonial Pipeline Co, the biggest U.S. fuel system, said it would shut its main diesel and jet fuel line on Wednesday evening and its gasoline line on Thursday due to outages at its supply points from Tropical Storm Harvey and a lack of supply from refiners. The pipeline connects the refineries of the Gulf Coast to the populous East Coast,...

  • Aug 30- At least $23 billion worth of property has been affected by flooding from Hurricane Harvey just in parts of Texas' Harris and Galveston counties, a Reuters analysis of satellite imagery and property data shows. Satellite imagery compiled by researchers at the University of Colorado shows flooding across 234 square miles of Harris County and 51 square...

  • Aug 30- Major U.S. railroads have warned it could be a long time before normal operations resume in the Houston area where Tropical Storm Harvey caused catastrophic flooding that overwhelmed roads, bridges and train tracks. Union Pacific, the No. 1 U.S. railroad, said that as of midday on Wednesday, sections of track were out of service in 18 of its 28 Houston-area...

  • HOUSTON/ NEW YORK, Aug 30- Tropical Storm Harvey inflicted more damage on the heart of the U.S. energy industry on Wednesday, churning into Louisiana after flooding the biggest U.S. refinery in Texas, causing fuel shortages and high gasoline prices that could dog the country for weeks. And more refineries could close now that Harvey has made landfall in Louisiana,...

  • 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.

  • LAKE CHARLES, La./ HOUSTON, Aug 30- Tropical Storm Harvey spun across southeastern Texas into Louisiana on Wednesday, sending more people fleeing for shelter after swamping Houston with record rains and flooding that killed at least 25 and drove tens of thousands from their homes. Among the latest deaths reported were two people who drowned while driving...

  • Texas could need more than $125 billion from the U.S. government, the state's governor, Greg Abbott, said on Wednesday. The U.S. Congress was expected to quickly approve tens of billions of dollars in aid with bipartisan support for Texas and Louisiana for Hurricane Harvey, paid for by federal taxpayers. The Washington Post reported that President Donald Trump...