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Oil and Gas Oil and Gas Refining

  • *Storm to linger off coast of Texas through Tuesday. LONDON, Aug 28- Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling Houston and its port, and knocking out several refineries as well as some crude production. Harvey is the most powerful hurricane to hit Texas in more than 50 years,...

  • LONDON, Aug 28- U.S. gasoline futures jumped to two-year highs while an already weak dollar hit 16- month lows against a basket of currencies on Monday as Tropical Storm Harvey pummelled the heart of the U.S. energy sector and raised concerns about the economy. Federal Reserve Chair Janet Yellen failed to mention monetary policy in a closely watched speech at...

  • Harvey will clearly impact gasoline prices more than oil: Zoe Financial CEO

    Randy Gwirtzman, Baron Funds, and Andres Garcia-Amaya, Zoe Financial CEO, discuss how Hurricane Harvey will likely impact gasoline and oil prices.

  • NEW YORK, Aug 27- Tropical Storm Harvey could cause fuel shortages in Latin America after it shut in around 1 million barrels per day of U.S. gasoline and diesel exports typically destined for countries such as Mexico. "Any hiccup in U.S. refined product exports is highly disruptive to the supply chain given the dependency of nations like Mexico and other Latin...

  • All Port of Houston facilities closed

    Roger Guenther, Port of Houston executive director, provides details on the current state of the Port of Houston.

  • *Storm to linger off coast of Texas through Tuesday. LONDON, Aug 28- Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling Houston and its port, and knocking out numerous refineries as well as some crude production. Harvey is the most powerful hurricane to hit Texas in more than 50 years,...

  • Harvey hits oil as crude prices dip  and pressures gasoline

    John Kilduff, Again Capital explains how Hurricane Harvey has disrupted the crude market as refineries shut down.

  • Aug 28- Goldman Sachs analysts say gasoline and distillate product refining margins are likely to rise further in the wake of Tropical Storm Harvey, which is expected to drop more than 50 inches of rain in parts of Texas throughout the week. More than 2 million barrels of refining capacity has been shut in already as a result of the storm, and it will take days to...

  • SINGAPORE, Aug 28- Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the U.S. Gulf coast over the weekend, crippling Houston and its port, and knocking out numerous refineries as well as some crude production. Harvey is the most powerful hurricane to hit Texas in more than 50 years, killing at least two people, causing large-scale...

  • HOUSTON, Aug 28- Tropical Storm Harvey was set to dump more rain on Houston on Monday, adding to catastrophic flooding that paralyzed the fourth most populous U.S. city and prompted mass evacuations in nearby counties as rivers hit crests not seen for centuries. Schools, airports and office buildings in Houston were ordered shut on Monday as scores of roads were...

  • *Storm to linger off coast of Texas through Tuesday. Harvey came ashore over the weekend as the most powerful hurricane to hit Texas in more than 50 years, killing at least two people, causing large-scale flooding, and forcing the closure of Houston port as well as several refineries. The U.S. National Hurricane Center said on Monday that Harvey was moving away from...

  • *Harvey now about 105 miles from Houston. *Houston residents told to climb on roof if homes flood. HOUSTON, Aug 27- Catastrophic flooding triggered by Tropical Storm Harvey inundated Houston on Sunday, forcing residents of the fourth most populous U.S. city to flee in boats or hunker down in anticipation of several more days of "unprecedented" rainfall.

  • *Storm to linger off coast of Texas through Tuesday. Harvey came ashore over the weekend as the most powerful hurricane to hit Texas in more than 50 years, killing at least two people, causing large-scale flooding, and forcing the closure of Houston port as well as several refineries. The U.S. National Hurricane Center said on Monday that Harvey was moving away from...

  • *Harvey now about 105 miles from Houston. *Houston residents told to climb on roof if homes flood. HOUSTON, Aug 27- Catastrophic flooding triggered by Tropical Storm Harvey inundated Houston on Sunday, forcing residents of the fourth most populous U.S. city to flee their homes in boats or hunker down in anticipation of several more days of "unprecedented" rainfall.

  • *Storm to linger off coast of Texas through Monday. The storm came shore over the weekend as the most powerful hurricane to hit Texas in more than 50 years, killing at least two people, causing large-scale flooding, and forcing the closure of Houston port as well as several refineries. Texas is home to 5.6 million barrels of refining capacity per day, and Louisiana...

  • Residents use a truck to navigate through flood waters from Tropical Storm Harvey in Houston, Texas, August 27, 2017.

    The extent of flooding and related equipment damage will determine if some Texas refineries are down for weeks, or maybe months, says Andy Lipow, president, Lipow Oil Associates.

  • Texas is home to 5.6 million barrels of refining capacity per day, and Louisiana has 3.3 million barrels. Spot prices for U.S. gasoline futures surged 7 percent to a peak of $1.7799 per gallon, the highest level since late July 2015, as the fierce storm battered large parts of the Gulf coast of Texas, the heart of the U.S. oil industry. The U.S. National Hurricane Center...

  • *Houston residents told to climb on roof if homes flood. HOUSTON, Aug 27- Catastrophic flooding triggered by Tropical Storm Harvey inundated Houston on Sunday, forcing residents of the fourth most populous U.S. city to flee their homes in boats or hunker down in anticipation of several more days of "unprecedented" rainfall. More than 30 inches of rain had fallen in...

  • *Houston residents told to climb on roof if homes flood. HOUSTON, Aug 27- Catastrophic flooding triggered by Tropical Storm Harvey inundated Houston on Sunday, forcing residents of the fourth most populous U.S. city to flee their homes in boats or hunker down in anticipation of more days of "unprecedented" rainfall. More than 30 inches of rain had fallen in parts of...

  • NEW YORK, Aug 27- Tropical Storm Harvey could cause fuel shortages in Latin America after it shut in around 1 million barrels per day of U.S. gasoline and diesel exports typically destined for countries such as Mexico. "Any hiccup in U.S. refined product exports is highly disruptive to the supply chain given the dependency of nations like Mexico and other Latin...