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Oil and Gas Oil and Gas Refining

  • CORPUS CHRISTI, Texas, Aug 25- Hurricane Harvey was hours away from lashing the Texas coast on Friday with winds of up to 156 miles per hour and 13- foot ocean surges as the most powerful storm in over a decade bore down on the mainland United States. Harvey strengthened to a powerful Category 4 hurricane with cities from northern Mexico to Louisiana bracing for...

  • CORPUS CHRISTI, Texas, Aug 25- Hurricane Harvey was hours away from lashing the Texas coast on Friday with winds of up to 125 miles per hour and 12- foot ocean surges as the most powerful storm in over a decade bore down on the mainland United States. Harvey strengthened to a powerful Category 4 hurricane with flood warnings in effect for Louisiana and northern...

  • CORPUS CHRISTI, Texas, Aug 25- Hurricane Harvey moved closer to the Texas coast on Friday and residents were warned to take shelter from 125 mile-per-hour winds and 12- foot ocean surges when the most powerful storm in over a decade slams the mainland United States. The storm was expected to hit land near Corpus Christi, Texas, around 9 p.m. CDT then stall and dump...

  • CORPUS CHRISTI, Texas, Aug 25- Hurricane Harvey moved closer to the Texas coast on Friday and residents were warned to take shelter from 125 mile-per-hour winds and 12- foot ocean surges when the most powerful storm in over a decade slams the mainland United States. The storm was expected to hit land near Corpus Christi, Texas, around 9 p.m. CDT then stall and dump...

  • A gas pump is covered with an out of service message as fuel ran out ahead of Hurricane Harvey's arrival near the Texas coastal area, in Houston, Texas, August 25, 2017.

    GasBuddy’s Patrick DeHaan discusses the impact Hurricane Harvey could have on gas prices.

  • *OPEC/ non- OPEC producers mull extension of output cut. NEW YORK, Aug 25- Oil prices rose nearly 1 percent on Friday as the dollar fell and the U.S. Gulf Coast braced for Hurricane Harvey, on track to become the biggest storm to hit the United States mainland in more than a decade. Harvey strengthened into a powerful Category 3 storm, last located about 75 miles...

  • CORPUS CHRISTI, Texas, Aug 25- Hurricane Harvey intensified on Friday and was poised to hit the mainland United States this evening as the most powerful storm in more than a decade and authorities warned residents to shelter from life-threatening winds and flooding. Forecasters said the storm would hit land near Corpus Christi, Texas, around 8 p.m. or 9 p.m. CDT,...

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

    Refineries on the U.S. Gulf Coast shut down or curtailed operations as Hurricane Harvey barreled toward the nation's fuel-processing hub.

  • QUITO, Aug 25- Ecuador is commissioning a foreign auditing firm to review the technical and financial terms of five key oil sector projects that have shown serious operational failures despite heavy investments, the ministry of hydrocarbons said on Friday. Among the projects to be audited is the 110,000 barrels-per-day Esmeraldas refinery, which is facing...

  • QUITO, Aug 25- Ecuador is commissioning a foreign auditing firm to review the technical and financial terms of five key oil sector projects that have shown serious operational failures despite heavy investments, the ministry of hydrocarbons said on Friday. Among the projects to be audited is the 110,000 barrels-per-day Esmeraldas refinery, which is facing...

  • CORPUS CHRISTI, Texas, Aug 25 (Reuters)- Businesses closed and lines of cars streamed out of coastal Texas as officials called for residents to evacuate ahead of Hurricane Harvey, expected to arrive about midnight as the most powerful storm to hit the U.S. mainland in more than a decade. The hurricane is forecast to slam first near Corpus Christi, Texas, drop flooding...

  • *OPEC/ non- OPEC producers mull extension of output cut. Harvey became a Category 2 storm as it crossed the Gulf of Mexico with winds of 110 mph, 145 miles off Port O'Connor, Texas, the National Hurricane Center said. The NHC, which has warned that catastrophic flooding was expected across portions of southern and southeastern Texas, expects Harvey to move slowly and...

  • *OPEC/ non- OPEC producers mull extension of output cut. Harvey became a Category 2 storm as it crossed the Gulf of Mexico with winds of 110 mph, 145 miles off Port O'Connor, Texas, the National Hurricane Center said. The NHC, which has warned that catastrophic flooding was expected across portions of southern and southeastern Texas, expects Harvey to move slowly and...

  • CORPUS CHRISTI, Texas, Aug 25- Businesses closed and lines of cars streamed out of coastal Texas as officials called for residents to evacuate ahead of Hurricane Harvey, expected to arrive about midnight as the most powerful storm to hit the U.S. mainland in more than a decade. The hurricane is forecast to slam first near Corpus Christi, Texas, drop flooding rains...

  • RIG-OL-USA- BHI> That compares with 406 active oil rigs during the same week a year ago. Refineries, terminals, production platforms and other infrastructure have begun shutdown procedures with Hurricane Harvey set to make landfall on the central Texas coast on Friday night or early on Saturday as a Category 3 hurricane, potentially the biggest storm to hit the...

  • A gas pump is covered with an out of service message as fuel ran out ahead of Hurricane Harvey's arrival near the Texas coastal area, in Houston, Texas, August 25, 2017.

    Gasoline continued its bullish run as Hurricane Harvey approached Texas refineries, but the price spread with oil could fall rapidly.

  • Longevity of the storm will impact oil trade if upgraded: Jeff Kilburg

    Jeff Kilburg, Futures Now trader, gives his take on the Hurricane Harvey impact on the oil and gas trade. The “Fast Money Halftime Report” traders weigh in.

  • *OPEC/ non- OPEC producers mull extension of output cut. Harvey became a Category 2 storm as it crossed the Gulf of Mexico with winds of 110 mph, 145 miles off Port O'Connor, Texas, the National Hurricane Center said. The NHC, which has warned that catastrophic flooding were expected across portions of southern and southeastern Texas, expects Harvey to move slowly and...

  • Harvey presents bull and bear case for oil: Citi's Edward Morse

    Edward Morse, Citi, and Stephen Schork, The Schork Report editor, weigh in on the impact of Hurricane Harvey on the oil market.

  • *OPEC/ non- OPEC producers mull extension of output cut. Harvey became a category 2 storm as it crossed the Gulf of Mexico with winds of 110 mph, 145 miles off port O'Connor, Texas, the National Hurricane Center said. The hurricane is forecast to make landfall late Friday or early Saturday between Corpus Christi and Houston, both important oil refining centers.