$type=grid$count=5$m=0$sn=0$rm=0$show=home

[WORLD]$type=sticky$rm=0$va=0$count=4$va=0$show=home

Muslim World$type=three$h=250$c=3$author=hide$comment=hide$rm=hide$date=hide$snippet=hide$show=home

Pakistan$type=three$h=250$c=3$author=hide$comment=hide$rm=hide$date=hide$snippet=hide$show=home

$type=slider$meta=0$snip=0$rm=0$count=6$show=/Islamophobia

$type=slider$meta=0$snip=0$rm=0$count=6$show=/search/label/Pakistan

$type=slider$meta=0$snip=0$rm=0$count=6$show=/search/label/Popular

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Harvey threatens more U.S. oil refineries after heavy rains

SHARE:

HOUSTON - 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.

The storm dropped back over the Gulf of Mexico on Monday, sending heavy rains from Houston through to Lake Charles, Louisiana. Between five and 15 inches of rain was expected in south-central Louisiana, the National Hurricane Center said on Tuesday.

The Gulf Coast is home to nearly half the U.S. refining capacity, and nearly 2.7 million barrels per day, or nearly 15 percent of U.S. refining capacity, is already shut off. Restarting those plants even under the best conditions can take a week or more.

Louisiana is home to about 3.3 million barrels of daily capacity; Texas has about 5.6 million barrels.

U.S. gasoline futures on Tuesday rose 0.9 percent to $1.73 a gallon, and have jumped about 6 percent since last Wednesday’s prestorm close. Heating oil futures, a proxy for diesel and other distillates, added 0.5 percent.

Fuel prices are expected to keep rising as refining capacity remains down because of the storm. In cash trading on Monday, the spread between Gulf Coast gasoline prices and benchmark futures hit a five-year high in anticipation of constrained supply.

The full impact of the refining outages, which began last week when Harvey slammed into Corpus Christi, Texas, and is now affecting Louisiana’s refining center, remained uncertain, analysts said.

“The current disruptions are affecting both demand and supply, making it difficult to assess the impact on balances at this point,” wrote analysts at JBC Energy.

Exxon may begin shutting units as early as Tuesday at its 362,300-barrel-per-day (bpd) Beaumont refinery in east Texas due to high water in the plant, said sources familiar with the company’s plans. It was weighing a shutdown of its 240,000-bpd crude distillation unit and 45,000-bpd coking unit, the sources said. The company earlier cut production at its Baytown, Texas, refinery, the nation’s second largest.

Motiva Enterprises plans to make a final decision Tuesday on whether to shut the nation’s largest crude refinery as the storm pours more water into its Port Arthur, Texas, plant, two sources familiar with plant operations said. Motiva said Monday that operations at the plant were “stable.”

Citgo's 425,0000-bpd Lake Charles, Louisiana, refinery has reduced production because of crude oil shipping disruptions, Energy News Today reported on Monday. Citgo is keeping a close eye on operations, a spokeswoman said Monday night.

Previous storms have substantially affected demand, which may offset expectations for tightening refined product supply. Retail gasoline prices have started to rise, with the average price for a gallon of gasoline rising 1 cent overnight to $2.38 nationally, while the average price in Texas rose 2 cents overnight to $2.19 per gallon.

Compounding matters is the possible closing of the Houston Ship Channel, a prime artery for crude supplies, for an extended period of time.

COMMENTS

Name

Ads,5,Afghanistan,79,Africa,28,Americas,5,Animals,37,Argentina,1,Asia,277,Australia,11,Austria,5,Bahrain,3,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1322,Canada,5,Catalan,80,China,129,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,261,Fitness,14,France,28,Germany,41,Haiti,1,Headlines,11,Health,171,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,111,Indonesia,11,International,75,Iran,84,Iraq,78,Ireland,2,Islamophobia,19,Israel,12,Italy,4,Japan,41,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,303,Lithuania,1,Malawi,1,Malaysia,16,Malta,1,Maxico,4,Middle East,138,Muslim World,626,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,10,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,58,Norway,1,Opinion,26,Pakistan,1061,Palestine,38,Philippine,17,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,49,Rwanda,1,Saudi Arabia,85,Science,144,Serbia,2,Showbiz,351,Somalia,4,South Africa,2,South Korea,8,Spain,62,Sports,1328,Sudan,1,Sweden,1,Switzerland,2,Syria,113,Taiwan,3,Technology,455,Thailand,12,Today IN History,24,Top News,1033,Tunisia,1,Turkey,81,U.S.,344,UAE,22,UK,59,Ukrain,2,Venezuela,4,Videos,76,Vietnam,2,World,4893,Yemen,21,Zimbabwe,2,
ltr
item
Muslim Global: Harvey threatens more U.S. oil refineries after heavy rains
Harvey threatens more U.S. oil refineries after heavy rains
https://1.bp.blogspot.com/-dsJDvDPO1wY/WaV5G0V6QnI/AAAAAAAAd74/5-jMcZhtd8Y4ovplAI_vJp7TtyasHS7pgCLcBGAs/s640/Smoke%2Bis%2Breleased%2Binto%2Bthe%2Bsky%2Bat%2Ba%2Brefinery%2Bin%2BWilmington%252C%2BCalifornia.jpg
https://1.bp.blogspot.com/-dsJDvDPO1wY/WaV5G0V6QnI/AAAAAAAAd74/5-jMcZhtd8Y4ovplAI_vJp7TtyasHS7pgCLcBGAs/s72-c/Smoke%2Bis%2Breleased%2Binto%2Bthe%2Bsky%2Bat%2Ba%2Brefinery%2Bin%2BWilmington%252C%2BCalifornia.jpg
Muslim Global
http://www.muslimglobal.com/2017/08/harvey-threatens-more-us-oil-refineries.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/08/harvey-threatens-more-us-oil-refineries.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy