Violent Crime Spikes In Michigan; Half The Murders In Detroit
When will Uber stop operating in London?
Local help on way to assist hurricane victims
Equifax tweets fake phishing site to concerned customers
Iowa tapping into 'electric' night atmosphere for Penn State in prime time
Oil Prices Set To Rise as Supply-Demand Gap Closes Up
01 Setiembre 2017, 07:52 | Dolorita Barahona
Think Harvey doesn't affect you? Think again next time you pull up to the pump
This sent cracks - the premium of the refined fuel over crude - higher in NY, while the storm also triggered a flurry of trans-Atlantic gasoline trading and disrupted exports of liquefied petroleum gas, causing prices to rise in Asia. As the U.S. attempts to attract foreign cargoes, the spike in USGC gasoline and distillate prices could continue to feed into Europe and even impact Asian prices in September. That's leading to an unusual situation in which unbranded gasoline is becoming more expensive than the fuel sold at stations affiliated with major oil companies.
Gas stations will eventually have to respond by jacking up prices on consumers, at least temporarily.
"The refinery shutdowns mean some backup of crude-oil supplies", he said. The average price in Texas rose 2 cents to $2.19 per gallon.
But the era of cheap gas likely isn't over - prices are expected to quickly go back down once Gulf Coast refineries go back online, Kloza said.
But it won't just be about the impact on the US, especially given that this is the first major hurricane to hit the Gulf region since the country became a exporter of crude oil. That gives the country a cushion when dealing with a disaster like Harvey. Those two have a capacity equal to 7.1 percent of Gulf Coast capacity and 3.7 percent of USA capacity.
The recovery from Harvey will mimic the storm's path from west to east. Flint Hill Resources' refinery in Corpus Christi, where Harvey made landfall as a Category 4 hurricane, could begin to restart - a process that takes days - as early as Wednesday.
I don't think the traditional fundamentals are strong enough to change the trend to up so in order to continue the rally, something in the news has to happen to scare the shorts out of the market.
In other words, Harvey has disrupted about one-fifth of the country's total refining capability.
The storm, which lashed Louisiana with rain on Thursday, has pummelled the U.S. Gulf Coast, inundating Houston and the surrounding area under several feet of rain and forcing the closure of almost a quarter of U.S. refining capacity. The company earlier shut production at its Baytown, Texas, refinery, the nation's second largest.
The nation's largest oil refinery is waterlogged and shut down after Harvey ravaged Port Arthur, Texas. Goldman Sachs analysts wrote Wednesday that they expected about a tenth of what is now offline to stay shut for several months. The slump in commodity prices has swayed the fundamentals of the industry, leaving it susceptible to every unforeseen event that can impact the demand and supply factors of oil.
As of August 28, there were 22 oil-carrying vessels waiting off Texas Ports.
"Best case: the refinery should be up and operating again for the most part by the middle of September".
5 things to watch for Thursday night | Ohio State vs
I didn't keep track of whether Tom was better at predicting games than I was last season, but you can bet I will this year. Early, late openers: Ohio State's earliest and latest openers both come from the earliest days of the football program.
Samsung Galaxy S9 is rumored to debut in January
The company hasn't really sacrificed any features for the sake of forcing in others. "We are not sticking to innovation itself". This mode lets you adjust the intensity of background blur - or bokeh - in photos, both during and after taking the shot.
Moto X4 review — Hands on
The K8 Note is crafted entirely out of series 5000 aluminum and looks quite sleek, especially in the stealthy Venom Black colour . Coming to the specifications, the Moto X4 features a 5.2-inch full HD LTPS IPS display with Corning Gorilla Glass protection.
The flagship LG V30 officially presented
The Samsung Galaxy Note 8 will be available in three variants based on the inbuilt storage - 64GB/128GB and 256GB. We rigorously test each and every smartphone passing through our Test Lab, paying close attention to the cameras .
Isaac Hempstead Wright Says Bran Isn't the Night King
He probably didn't, not really . " You're the heir to the Iron Throne and I'm back in Winterfell and I know everything". I really tried to imagine-in any scene, I was thinking about something else or imagining what was going on elsewhere.
Roger Federer, Rafael Nadal US Open 2017 2nd round
Rafael Nadal hits a serve against Dusan Lajovic during their first-round match at the US Open on August 29, 2017 in New York City. Ranked 101st in the world, the 35-year-old Russian is a former top 10 player who has lived his days of glory long time ago.