Refineries in some parts of Texas slammed by Tropical Storm Harvey were aiming to start back up this week, but Houston plants were producing very few products and large facilities further east were bracing for heavy rainfall and potential flooding.
Oil market analysts projected that about 13 to 16 percent of the country’s capacity to refine crude oil into gasoline, diesel and other fuels was off line on Tuesday. There were few reports of serious damage to refineries on Tuesday, but flooding and continued rain in Houston made it unclear when workers would be able to reach facilities.
Parts of South Texas and Louisiana remain under water or on flood watch as the Gulf Coast prepares to absorb more rain in the coming days.
via CNBC
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