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Oil and Gas Oil and Gas Refining

  • Texas refineries remain closed as rainfall continues

    CNBC's Brian Sullivan report on Texas refineries shutting down and massive flooding around the Houston area.

  • CALGARY, Alberta, Aug 29- On a sparsely populated island off the coast of the northwestern United States, more than a hundred environmental activists gathered last weekend to practice seaborne drills to disrupt construction on Kinder Morgan Canada Ltd's Westridge crude oil terminal. The three-day camp on Lopez Island in Washington state's San Juan...

  • Harvey flooding impacts infrastructure and energy

    Christi Craddick, chairman of Texas Railroad Commission, discusses Hurricane Harvey affecting the refineries in Corpus Christi, TX.

  • HOUSTON, Aug 29- Record rains and flooding from Tropical Storm Harvey triggered more oil refining outages in Texas on Tuesday, bringing the total offline to more than 16 percent of overall U.S. capacity as the storm took aim at plants along the Louisiana coast. The U.S. Gulf Coast is home to nearly half of domestic refining capacity, with some 5.6 million barrels per...

  • NEW YORK, Aug 29- Philadelphia Energy Solutions, the largest East Coast refiner, has sold all of its prompt gasoline as demand surges from Southeastern U.S. states like Florida, according to a market source.

  • The Valero Houston Refinery is threatened by the swelling waters of the Buffalo Bayou after Hurricane Harvey inundated the Texas Gulf coast with rain, in Houston, Texas, August 27, 2017.

    Some Texas refineries are aiming to restart after Tropical Storm Harvey battered the Gulf Coast, but many remain in the path of the storm.

  • *Rebels attack oil pipeline in Colombia. *Oilfields in Libya shut by pipeline blockade. New York, Aug 29- Crude prices slipped more than 1.5 percent lower on Tuesday as the market grappled with the shutdown of more than 16 percent of refining capacity in the United States after a hurricane ripped through the heart of the country's oil industry.

  • HOUSTON, Aug 29- Heavy rains and flooding from Tropical Storm Harvey on Tuesday triggered more oil refining outages in Texas, bringing the total offline to more than 16 percent of overall U.S. capacity as the storm took aim at plants along the Louisiana coast. The storm had dropped back over the Gulf of Mexico on Monday, sending heavy rains from Houston through to...

  • *Rebels attack oil pipeline in Colombia. *Oilfields in Libya shut by pipeline blockade. International Brent crude futures were down 7 cents at $51.82 a barrel, having traded as high as $52.19 and as low as $51.36 earlier in the day.

  • HOUSTON, Aug 29- Heavy rains and flooding from Tropical Storm Harvey threatened more oil refineries along the Louisiana coast after hammering plants in Texas, forcing Exxon Mobil Corp and Citgo Petroleum to consider shutdowns. Between five and 15 inches of rain was expected in south-central Louisiana, the National Hurricane Center said on Tuesday.

  • Buyers in the United States and in Latin America, which has been reliant on U.S. exports, could turn to Europe, traders said. "Owners are being asked to provide transatlantic options on cargoes being shipped out of the Med or NWE with the view to diverting cargoes to the United States or Latin America," said Andrew Wilson, head of energy research at shipping firm BRS...

  • LONDON, Aug 29- Record oil and refined products stocks will cushion potential shortages caused by Hurricane Harvey, the International Energy Agency said on Tuesday, adding that it could release emergency oil stocks in the event of extended outages. Some crude production and about 2 million barrels per day of refining capacity has been shuttered as Harvey has...

  • IEA COULD RECOMMEND RELEASE OF EMERGENCY OIL STOCKS IN THE EVENT OF EXTENDED U.S.

  • *Rebels attack oil pipeline in Colombia. *Operations in Libya still affected by pipeline blockade. LONDON, Aug 29- Crude prices dipped on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States after a hurricane ripped through the heart of the country's oil industry.

  • Buyers in the United States and in Latin America, which has been reliant on U.S. exports, could turn to Europe, traders said. "Owners are being asked to provide transatlantic options on cargoes being shipped out of the Med or NWE with the view to diverting cargoes to the United States or Latin America," said Andrew Wilson, head of energy research with shipping firm BRS...

  • NEW YORK, Aug 29- U.S. refiners in the Midwest will be among the biggest winners after Hurricane Harvey dealt a blow to their competitors on the U.S. Gulf Coast. Midwest refiners have the added advantage of pricing their fuel based on benchmark prices in the Gulf Coast markets, which hit five-year highs on Monday. More than 2 million barrels per day of U.S. refining...

  • Harvey's refinery disruptions remain fluid: Nasdaq's Tamar Essner

    Tamar Essner, Energy Director with Nasdaq Advisory Services, talks about the impact of Hurricane Harvey on oil production in the U.S.

  • *Rebels attack oil pipeline in Colombia. *Operations in Libya still affected by pipeline blockade. LONDON, Aug 29- Crude prices dipped on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States after a hurricane ripped through the heart of the country's oil industry.

  • *Rebels attack oil pipeline in Colombia. *Operations in Libya still affected by pipeline blockade. LONDON, Aug 29- Crude traded in a narrow but volatile range on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States, the world's largest oil consumer, after a hurricane ripped through the heart of its oil...

  • *Rebels attack oil pipeline in Colombia. *Operations in Libya still impacted by pipeline blockade. SINGAPORE, Aug 29- Flooding from tropical storm Harvey caused ongoing large-scale U.S. refinery outages on Tuesday, while crude prices rose on the back of supply disruptions in Colombia and Libya.