Texas refineries begin restart after hit from Harvey
Texas refineries begin restart after hit from Harvey
Harvey continues to hit Texas and Louisiana
03 September, 2017, 14:45
As many as 11 ports were shut during Harvey's five-day spin across hundreds of miles of the Texas coast, leaving 28 tankers laden with more than 18 million barrels of overseas oil drifting offshore as of Wednesday night.
"In a matter of days the final gasoline supplies are going to get to Atlanta, then SC, then North Carolina, then up the line", GasBuddy analyst Patrick DeHaan said Thursday, warning that panic buying would only exacerbate the situation.
With Hurricane Harvey shutting down more than 15 Texas oil refineries, including the nation's largest refinery in Port Arthur, the entire eastern half of the USA could be in store for a significant spike in gasoline prices in the coming week.
The company said it expected to resume service on its Houston crude oil distribution system over the weekend.
Colonial Pipeline Co. said Thursday that it's not getting enough fuel to operate its pipeline between Houston and Lake Charles, La., where half of the 26 refineries that supply the pipeline are located. The contract fell by as much as 3% to $1.7189 per gallon. Seven other ports remained closed.
The pipeline's operator estimated Thursday that it can resume carrying fuel in the Houston area by Sunday, potentially avoiding a lengthy shutdown that would intensify gasoline shortages.
But much energy infrastructure remained offline, including the largest USA refinery, the 603,000 bpd facility in Port Arthur, Texas, owned by Motiva Enterprises LLC [MOTIV.UL].
Presidents Moon, Trump agree to revise missile guidelines
A long line of USA presidents has failed to check North Korea's persistent pursuit of missiles and nuclear weapons . Kim was also quoted as saying that North Korea can now produce as many powerful nuclear weapons "as it wants".
Traders have tentatively booked this week almost 40 tankers - the equivalent of about 1.5 million tonnes of gasoline - out of Europe to carry gasoline on the transatlantic route, including destinations such as New York, Mexico and Brazil, according to shipping data and traders.
"Basically this will affect everyone across the country on some level and your proximity to the supply chain will affect how severe the impact is to you", said Jeff Lenard, NACS vice president of strategic industry initiatives, which represents 80 percent of all gasoline volume sold in the country. At the same time, some refiners including Royal Dutch Shell Plc and Marathon Petroleum Corp. are preparing to restart plants. Prior to that, exchange agreements also occurred in 2008 during Hurricanes Gustav and Ike. Black barrels represent oil refineries. The sale was the first in a series of planned draw-downs through 2025 totaling nearly 190 million barrels, or 27 percent of the reserve.
Exxon Mobil Corp said on Saturday it was restarting its 560,500 barrel per day (bpd) facility in Baytown, Texas, America's second-biggest oil refinery, after it was inundated by flooding.
When Hurricane Katrina hit in 2005, the USA exported just 800,000 barrels a day of mostly refined products.
"We had a half a tank, but made a decision to get more, just in case", said Maria Linares, a school teacher whose husband was topping their car's tank. The government plans to supply 1 million barrels of crude from the Strategic Petroleum Reserve to a Gulf Coast plant, the first emergency release in five years.
Information for this article was contributed by Jessica Summers, Lucia Kassai, Catherine Traywick, Dan Murtaugh and Javier Blas of Bloomberg News and Jeff Martin of The Associated Press.
The volunteers left in emergency response vehicles Monday morning and will be distributing food and water to victims. In the meantime, the Red Cross is using social media and other digital platforms to help with disaster relief.
Half of the 26 refineries that supply Colonial's 5,500 miles of pipeline are located between Houston and Lake Charles, Louisiana. In the past seven days pump prices have increased 14 cents a gallon at self-serve kiosks across Maryland.
A Cabinet reshuffle has been on the cards since Manohar Parrikar resigned as defence minister to become the Chief Minister of Goa. There are significant factors that come to play with the prime minister hoping to be re-elected in one-and-a-half year's time.
Previous year the seating capacity was 80,795, or 3,173 more than after the completion of the Campus Crossroads Project. Before that, the Irish had held the Owls at arm's length, without knocking them out for nearly the entire game.
Orgeron said he prefers to keep those matters "in-house", but said he expects a number of guys to return next week. Orgeron added that any player now being disciplined would not travel to New Orleans for the BYU game.
He is now serving as the Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines. Former defence minister manohar Parrikar - who held the post before Jaitley - congratulated Sitharaman.
The PM herself also failed to repeat her bold claim when challenged about it during a press conference in Tokyo yesterday. He also said any further sanctions on North Korea would be counterproductive, it said.
House Speaker Paul Ryan's office said it was confident the flood insurance program will be reauthorized. It has been reauthorized 17 times and allowed to lapse just four times since it was created in 1968.
If he had opened the season on the PUP list he would not have been able to play for at least the first six games. The Colts have avoided this particular doomsday scenario by activating him from the PUP list on Saturday.
Because this is Texas you'll probably do it in six months", he said, winning a roar of approval from the gathering. Trump expressed optimism that getting the relief money to the affected areas would be a " quick process ".
Later, the actor approached the Kerala High Court for a bail, two times, but both the pleas were rejected by the higher court. The prosecution argued that permission should not be granted to the actor since he had skipped the ritual past year as well.
Retail gasoline prices in Texas and across the country spiked by at least a dime following disastrous Hurricane Harvey . The nation's largest refinery in Port Arthur, Texas , said Tuesday it has cut production rates to 60% capacity.
North Korea Developed "Advanced H-Bomb"
Photos accompanied the statement showed the purported hydrogen bomb being developed in a lab. A day later, President Trump threatened to meet North Korea with "fire and fury".
North Korea says it can make new bomb in volume
A long line of USA presidents has failed to check North Korea's persistent pursuit of missiles and nuclear weapons. The Japanese NHK broadcaster confirmed the test, adding no breaches of nuclear materials to the outside occurred.
One of the Avengers cast has joined the Han Solo movie
The Han Solo spin-off film , set to be the second Star Wars stand-alone film after Rogue One , was already stacked with talent. Bettany's casting comes two weeks after Michael K Williams dropped out of the project due to scheduling conflicts.
Windows 10 Fall Creators Update out on October 17th
As we are already aware OEM's are expected to pull the wraps from their headsets on October 17 while the others will follow suit. The update also comes with some improvements to Windows Ink, allowing you to mark up PDF files in the Edge browser.
Cowboys Versus Texans Final Preseason Game Canceled
The highlight Tuesday was a $1 million donation from Tennessee Titans owner Amy Adams Strunk, daughter of the late Bud Adams. Cowboys coach Jason Garrett said Monday that the team's thoughts and prayers were with the city of Houston.
Zambia overcome double blow to beat Algeria
Gabon were without their talismanic forward Pierre-Emerick Aubameyang who was not available for this fixture. Ivory Coast is on track, a 3-0 win Saturday confirmed that, while Sadio Mane's Senegal is hanging in there.
Sharapova swats away Wozniacki's US Open court complaint
The young American was ready to battle back and after a solid hold of serve, she went on to break Sharapova for the second time. The tournament is without the injured Andy Murray and Stan Wawrinka as well as Novak Djokovic, who has ended his season.
Sir Tom Jones cancels USA tour on 'medical advice'
The singer , known for hits like " What's New Pussycat " and " It's Not Unusual ", broke the news on Saturday via Twitter. Jones, whose real name is Sir Thomas John Woodward , sent his "sincere apologies" to US fans planning to attend the shows.
Body of missing Temple University student found
Earlier Saturday, the Action Cam was there as the Philadelphia police crime scene unit searched a home in Jenkintown, Pa. Police found the man at his grandmother's home in Scranton, PA, and then obtained a search warrant for the apartment.
Pliskova survives Zhang scare
His legs started cramping late in the third set Thursday and then reached other parts of his body, even his fingers, by the end. Zhang's tactic of going up to the net more often managed to work well as she held serve in the nervy game for a 4-1 lead.