Global Energy Advisory 1st September, 2017

Hurricane Harvey has taken out about a quarter of the United
States’ crude oil refining capacity, after the country’s biggest
refinery, Motiva’s Port Arthur facility, began shutting down
Wednesday. This has caused gas prices at the pump to soar – and the
soaring is far from over. Investment bank analysts are warning that
the effects of the disaster will continue to be felt for at least
two months. Daily gasoline demand in the U.S. is about 9.7 million
barrels, while refinery output of the most popular fuel has dropped
to less…

Hurricane Harvey has taken out about a quarter of the United
States’ crude oil refining capacity, after the country’s biggest
refinery, Motiva’s Port Arthur facility, began shutting down
Wednesday. This has caused gas prices at the pump to soar – and the
soaring is far from over. Investment bank analysts are warning that
the effects of the disaster will continue to be felt for at least
two months. Daily gasoline demand in the U.S. is about 9.7 million
barrels, while refinery output of the most popular fuel has dropped
to less…