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Top News & Analysis Louisiana

  • 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...

  • 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. Katrina, the most destructive hurricane in U.S. history in 2005 in Louisiana and elsewhere along the Gulf Coast, resulted in a record-setting $110.2 billion in federal aid.

  • HOUSTON, 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, where...

  • NEW YORK, Aug 30- Gasoline futures surged on Wednesday to a two-year high while crude oil was down, as flooding and damage from Tropical Storm Harvey shut nearly a quarter of U.S. refinery capacity, curbing demand for crude while raising the risk of fuel shortages. As the refineries restructured the more competitive refineries have expanded, "said Antoine Halff,...

  • HOUSTON, Aug 30- Texas could need more than $125 billion from the U.S. government as it recovers from Tropical Storm Harvey, Governor Greg Abbott said on Wednesday. In a press conference, the governor said Harvey's scope exceeded that of Hurricane Katrina, which devastated New Orleans in 2005. The U.S. government allocated $125 billion in aid to Katrina relief, and...

  • Harvey makes landfall in Lousiana

    Former Louisiana Governor Kathleen Blanco offers advice on preparing Texas and Louisiana through a natural disaster.

  • LAKE CHARLES, La./ HOUSTON, Aug 30- Tropical Storm Harvey slogged across southeastern Texas and into Louisiana on Wednesday, sending more people fleeing for shelter after hitting the U.S. energy hub of Houston with record rains and flooding that drove tens of thousands from their homes. The slow-moving storm has killed at least 22 people and sent more than 32,000...

  • 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. The closure of rail lines in the grain transport hub and nexus for cross-border traffic with Mexico presents a costly headache for...

  • Harvey has shut 24 percent of U.S. fuel output after refineries in Texas and Louisiana were flooded. The Northeast Gasoline Supply Reserve, set up after Hurricane Sandy caused fuel supply disruptions in 2012, holds 1 million barrels of motor fuel at three sites in New York Harbor, the Boston area, and Maine. The SPR is a series of heavily guarded underground salt...

  • 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...

  • HOUSTON, Aug 30- Tropical Storm Harvey inflicted more damage on the heart of the U.S. energy industry overnight after flooding the biggest U.S. refinery in Texas and then churning into Louisiana, causing fuel shortages and high gasoline prices that could afflict the country for weeks. Colonial Pipeline Co, the key artery serving the East Coast, said the lack of...

  • LAKE CHARLES, La./ HOUSTON, Aug 30- Tropical Storm Harvey slogged across southeastern Texas and into Louisiana on Wednesday, sending more people fleeing for shelter after hitting the U.S. energy hub of Houston with record rains and flooding that drove tens of thousands from their homes. The slow-moving storm has killed at least 22 people and sent more than 32,000...

  • WASHINGTON, Aug 30- A Democratic senator on Wednesday urged U.S. President Donald Trump to tap the country's emergency gasoline or crude oil reserves to alleviate motor fuel price spikes resulting from Tropical Storm Harvey. Harvey has shut about 20 percent of U.S. fuel output after refineries in Texas and Louisiana were flooded.

  • WASHINGTON, Aug 30- The economic fallout from Hurricane Harvey will make the Federal Reserve's job more difficult when it meets in three weeks, but U.S. central bankers have looked past major storms before with little change in monetary policy and are likely to do the same this time. In the weeks after Hurricane Katrina battered New Orleans in August 2005, the Fed...

  • Aug 30- Major U.S. railroads have warned it could be a long time before normal operations resume after Hurricane Harvey caused catastrophic flooding in the Houston area. The closure of rail lines in the grain transport hub and nexus for cross-border traffic with Mexico presents a costly headache for companies ranging from automakers to farmers which use the...

  • HOUSTON, Aug 30- Tropical Storm Harvey inflicted more damage on the heart of the U.S. energy industry overnight after flooding the biggest U.S. refiner in Texas and then churning into Louisiana, causing fuel shortages and high gasoline prices that could afflict the country for weeks. That includes the biggest U.S. refinery, Motiva's Port Arthur facility, which...