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Oil and Gas Oil and Gas Refining

  • Hurricane Harvey disrupts energy

    The “Fast Money” traders discuss the selloff in the market during Hurricane Harvey affecting big energy refineries in Texas.

  • *Storm to dump more rain on Texas. Sources said the Motiva Port Arthur refinery in Texas, the country's largest refinery, was considering shutting down as water poured into the plant. "This flooding issue could be a persistent issue with the staff unable to repopulate the facilities," said John Kilduff, partner with energy hedge fund Again Capital in New York.

  • HOUSTON, Aug 28- U.S. fuel prices surged on Monday as two more Gulf Coast refiners cut output and a third considered reductions, leaving more than 13 percent of the country's refining capacity offline after Tropical Storm Harvey flooded plants and shut seaports. The storm swung back over the Gulf of Mexico on Monday and was expected to bring another 10 to 15 inches...

  • NEW YORK/ HOUSTON, Aug 27- Tropical Storm Harvey's effect is expected to ripple through Latin America after it shut in over 1 million barrels per day of U.S. gasoline and diesel exports typically destined for countries such as Mexico and Brazil. "Any hiccup in U.S. refined product exports is highly disruptive to the supply chain given the dependency of nations like...

  • *Kite Pharma soars after $11.9 bln deal with Gilead. NEW YORK, Aug 28- The S&P 500 and Dow ended little changed on Monday, with energy and bank shares lower as Tropical Storm Harvey crippled the U.S. energy hub in Texas, while tech and healthcare gave a light boost to the Nasdaq. Harvey, the most powerful hurricane to strike the southern U.S. state in more than 50 years when...

  • We are in the path of the storm: Patternson-UTI Energy CEO

    Andy Hendricks, Patterson-UTI Energy CEO, discusses the challenges his company's oil refineries face during Hurricane Harvey.

  • NEW YORK, Aug 28- Shares of U.S. home improvement retailers and oil refiners climbed on Monday as flooding from Tropical Storm Harvey in Houston, Texas, was likely to worsen in the fourth-largest U.S. city. Harvey, which made landfall late on Friday as the most powerful hurricane to hit Texas in more than 50 years, has killed at least two people. It has since hovered...

  • *Kite Pharma soars after $11.9 bln deal with Gilead. NEW YORK, Aug 28- Energy and bank shares weighed on the Dow and the S&P 500 on Monday as Tropical Storm Harvey crippled the U.S. energy hub in Texas. Harvey, the most powerful hurricane to strike the southern U.S. state in more than 50 years when it came ashore on Friday, dumped more rain on Houston on Monday, and the...

  • Tanker trucks enter the Marathon Petroleum Corp. refinery ahead of Hurricane Harvey in Texas City, Texas, on Friday, Aug. 25, 2017.

    Energy markets are closely watching for signs of damage at Gulf Coast refineries, many of which shut down over the weekend.

  • Texas Gulf refiners impacted by Hurricane Harvey

    Discussing the oil market impact of Hurricane Harvey closing refineries on the Texas Gulf Coast with Anthony Grisanti, GRZ Energy, and Neal Dingmann, SunTrust Robinson Humphrey.

  • This is a significant headwind for WTI crude: RBC Capital's Helima Croft

    Suzanne Minter, S&P Global Platts director of energy solutions, and Helima Croft, RBC Capital Markets global head of commodity strategy, discuss the impact of Hurricane Harvey on the U.S. oil market.

  • Aerial view of ship channel, Houston, Texas.

    Rising gas prices and rebuilding efforts are driving some energy and transportation stocks higher.

  • *Kite Pharma soars after $11.9 bln deal with Gilead. Aug 28- The Dow and the S&P were slightly lower in early Monday afternoon after oil stocks slipped further as Tropical Storm Harvey bore down on the U.S. energy hub. Harvey- the most powerful hurricane to strike Texas in more than 50 years when it came ashore on Friday- dumped more rain on Houston on Monday, worsening...

  • Gasoline on pace for best day in more than 3 months

    The “Fast Money Halftime Report” traders and Jeff Kilburg discuss gasoline hitting new highs and other market impacts as Hurricane Harvey batters Texas.

  • Harvey knocks out almost 15% of US refining capacity

    CNBC's Jackie DeAngelis reports on Hurricane Harvey's impact on the Texas coast's oil refineries.

  • NEW YORK, Aug 28- Shares of U.S. home improvement retailers and oil refiners rose on Monday as Tropical Storm Harvey dropped more rain on Houston, Texas, intensifying flooding in the fourth-largest U.S. city. Harvey, the most powerful hurricane to hit Texas in more than 50 years, made landfall late on Friday and has killed at least two people. It has since hovered...

  • *Kite Pharma soars after $11.9 bln deal with Gilead. Aug 28- The Dow and the S&P were unchanged in late-morning trading on Monday with losses in insurance and oil stocks offset by gains in shares of health and home improvement retail chains as investors assessed the impact of Tropical Storm Harvey. But nothing that is really shaking up the markets, "said Matt Lloyd,...

  • An oil tank damaged by Hurricane Harvey is seen near Seadrift, Texas, August 26, 2017.

    Gasoline prices soared on Monday as Tropical Storm Harvey continued to drench the Texas Gulf Coast, which is home to nearly half of U.S. refining capacity.

  • *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,...

  • Looking at 'mini-gasoline spike' after Harvey: Tom Kloza

    Tom Kloza, Oil Price Information Services global head, provides insight to gasoline prices in the aftermath of Hurricane Harvey.