Harvey floods U.S. refineries, roils global fuel markets

09/08/2017

Tropical Storm Harvey further damaged the heart of the U.S. energy industry on Aug. 30, churning into Louisiana after flooding the biggest U.S. refinery in Texas, forcing major pipelines to halt operations and threatening a supply squeeze for weeks. Benchmark U.S. gasoline prices and margins surged to two-year highs as Colonial Pipeline, the biggest U.S. fuel system, said it would shut its main lines to the Northeast by Thursday, hit by outages at pumping points and lack of supplies from refiners.

https://www.reuters.com/article/us-storm-harvey-energy/harvey-floods-u-s-refineries-roils-global-fuel-markets-idUSKCN1BA1RD