• 4 minutes China 2019 - Orwell was 35 years out
  • 7 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 11 minutes Trump will capitulate on the trade war
  • 14 minutes Glory to Hong Kong
  • 4 hours PETROLEUM for humanity 
  • 4 hours Why don't the other GOP candidates get mention?
  • 4 hours Disenfranchised people are angry people - map of global electoral systems
  • 4 hours Bloomberg: shale slowing. Third wave of shale coming.
  • 3 hours Brexit agreement
  • 32 mins Yesterday Angela Merkel stopped Trump technology war on China – the moral of the story is do not eavesdrop on ladies with high ethical standards
  • 3 mins China's Blueprint For Global Power
  • 11 hours ABC of Brexit, economy wise, where to find sites, links to articles ?
  • 13 hours Erdogan Holds All The Cards ... 3.6 Million Of Them
  • 9 hours Spain Is On The Edge...Clashes Between Catalonia And "Madrid"
  • 10 hours 5 Tweets That Change The World?
  • 12 hours Philadelphia Energy Solutions seeks to permanently shut oil refinery - sources
Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

U.S. Taps Strategic Petroleum Reserve After Hurricane Harvey

U.S. Secretary of Energy Rick Perry authorized on Thursday an emergency release from the Strategic Petroleum Reserve (SPR) of 500,000 barrels of crude oil after Hurricane Harvey disrupted the petroleum industry in Texas and Louisiana, and led to motor fuel price spikes and shortages.

“In response to the impacts from Hurricane Harvey, the U.S. Secretary of Energy has authorized the Strategic Petroleum Reserve (SPR) to negotiate and execute an emergency exchange agreement with the Phillips 66 Lake Charles Refinery. This decision will authorize 200,000 barrels of sweet crude oil and 300,000 barrels of sour crude oil to be drawn down from SPR’s West Hackberry site and delivered via pipeline to the Phillips 66 refinery,” DOE Spokeswoman Jess Szymanski said in the statement, which Secretary Perry tweeted.

“The Department will continue to provide assistance as deemed necessary, and will continue to review incoming requests for SPR crude oil. Should the Secretary decide to approve additional requests for an emergency exchange of crude oil from the SPR, the public will be notified,” the Department of Energy further noted.

Due to Harvey and the flooding it caused, around 20 percent of the U.S. refining capacity is being shut down, including the biggest and second-biggest refineries in the U.S.—Port Arthur and Baytown.

According to the DOE’s latest available event report at the time of writing, as of 4:00pm EDT on Wednesday, 10 refineries in the Gulf Cost region were shut down, with six having begun assessing damages and restarting, which may take several days.

Related: Russia Claims To Have Invented Alternative To Fracking

In onshore production, 300,000 bpd-500,000 bpd of crude production has been shut-in in the Eagle Ford from a pre-storm production estimate of 870,000 bpd, the DOE said, citing the Texas Railroad Commission.

In offshore crude production, as of 11:30 CDT on Wednesday, 18.50 percent of the current oil production of 1,750,000 bpd the Gulf of Mexico has been shut-in, equal to 323,760 bpd, according to the Bureau of Safety and Environmental Enforcement (BSEE).

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play