• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 55 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Could Someone Give Me Insights on the Future of Renewable Energy?
  • 13 mins The United States produced more crude oil than any nation, at any time.
  • 3 hours How Far Have We Really Gotten With Alternative Energy
  • 17 hours Bankruptcy in the Industry
Editorial Dept

Editorial Dept

More Info

The Aftermath Of Hurricane Harvey

Hurricane Harvey

Friday September 1, 2016

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. Hurricane disrupts about 4 mb/d of refining capacity

(Click to enlarge)

- As has been widely reported, Hurricane Harvey has knocked a massive amount of refining capacity offline. By some estimates, the outages have topped 4 mb/d, or nearly a quarter of the U.S.’ total capacity.
- The Saudi-Motiva refinery in Port Arthur shut down completely on Wednesday, the largest refinery in the country. ExxonMobil’s Baytown refinery (560,500 bpd capacity) was also disrupted.
- The Corpus Christi area is recovering and Houston is also starting to see water levels fall. Port Arthur saw the worst of the floods mid-week, so will take more time.
- The following companies saw refining assets affected: ExxonMobil (NYSE: XOM), Citgo, Marathon Petroleum (NYSE: MPC), Valero Energy (NYSE: VLO), Phillips 66 (NYSE: PSX) Lyondell (NYSE: LYB), Total (NYSE: TOT), Royal Dutch Shell (NYSE: RDS.A), and Flint Hills.
- The good news is that at the time of this writing, several refineries were either coming back online or were beginning the process of coming back online.
- It is still unclear what amount of refining capacity will remain offline…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News