Tag: Hurricane Harvey

Global oil stocks declining on strong demand: IEA

Global oil stocks declining on strong demand: IEA

Global oil stocks falling, markets tightening In its monthly report, the International Energy Agency says global oil stocks are falling on increased demand from Europe and the US as well as decreased OPEC and non-OPEC production. The agency also raised its 2017 global oil demand growth estimate to 1.6 million barrels per day (b/d) from […]

By September 13, 2017 0 Comments Read More →
Oil prices dip, gasoline futures down as some refineries restart

Oil prices dip, gasoline futures down as some refineries restart

Oil prices flat despite OPEC production drop As some refineries shut down by Hurricane Harvey began to restart on Friday, oil prices fell slightly in trading and gasoline futures were down. Brent crude was down by 20 cents to $52.66/barrel by 12:33 p.m. EDT and US WTI fell by 9 cents to $47.14/barrel. On Thursday, […]

By September 1, 2017 0 Comments Read More →
Arkema SA expects more fires after two explosions at flooded plant

Arkema SA expects more fires after two explosions at flooded plant

Arkema explosions early Thursday morning Two explosions occurred at the Arkema SA chemical plant located in Crosby Texas, 25 miles northeast of Houston, early Thursday morning. The explosions occurred after cooling systems to keep volatile chemicals in the plant stable failed due to flooding as a result of Hurricane Harvey.  On Wednesday, the company warned […]

By August 31, 2017 0 Comments Read More →
Colonial pipeline shuts down, East Coast gas shortages loom

Colonial pipeline shuts down, East Coast gas shortages loom

Lower Texas refinery output impacts Colonial pipeline As Texas and Louisiana refineries remain closed or are operating at reduced capacity in the aftermath of Hurricane Harvey, the Colonial pipeline has been shut down due to lack of product to ship. The pipeline, a major fuel artery to the Port of New York and New Jersey […]

By August 31, 2017 0 Comments Read More →
Hurricane Harvey: Explorer pipeline shuts down due to lack of product

Hurricane Harvey: Explorer pipeline shuts down due to lack of product

660,000 b/d Explorer pipeline out of product Hurricane Harvey will likely force the shutdown of the Explorer pipeline main lines on Wednesday.  The company says it will shut down the lines because of a lack of product to pump. Despite Harvey’s devastation, most of the Explorer pipeline system which moves gasoline, diesel, fuel oil and […]

By August 29, 2017 0 Comments Read More →
Some US Gulf refineries under water, some threatened by Hurricane Harvey

Some US Gulf refineries under water, some threatened by Hurricane Harvey

US Gulf refineries account for nearly half of domestic refining capacity UPDATE: Reuters is reporting that Motiva Enterprises is shuttering its 603,000 b/d refinery in Port Arthur, the largest in the United States.  Hurricane Harvey’s heavy rains and flooding have closed more US Gulf refineries in Texas, and officials are concerned more facilities could be […]

By August 29, 2017 0 Comments Read More →