Home Markets Due to Harvey Flooding, Major Oil Refineries Are Shutting Down

Due to Harvey Flooding, Major Oil Refineries Are Shutting Down

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Hurricane Harvey shakes the major oil refineries in Houston, Texas, and Galveston. And because of this Hurricane Harvey major oil refineries are shutting down.

There is the huge amount of loss, which is more than 1 million barrels per day just in Texas, Houston, and Galveston only. And in this amount, the hundreds and thousands of more barrels are not included which is wasted in Texas, Corpus Christi, area.

The Shell which is the largest in the United States shut down its major Deer Park refinery in southern Houston. This refinery has the capacity of 340, 000 barrels per day of crude oil.

The company said: “On Sunday, August 27, 2017, we made the decision to initiate a controlled shut down of the Deer Park, Texas, refinery, and chemical plant as a result of heavy rainfall and associated nearby flooding from Hurricane Harvey. Only essential personnel will stay on site through the end of the week.”

Also on Sunday, Petrobras said it would shut down its Pasadena, Texas, refinery, with a capacity of 110,000 barrels per day, thanks to “severe weather,” according to Dow Jones.

Petrobras said on Sunday, it would shut down its Pasadena, Texas, refinery, which has the capacity of 110, 000 barrels per day. According to Dow Jones, thanks to “severe weather.”

The other major oil refinery which is shut down is Exxon Mobil. It also shut down its massive plant in Baytown, Texas on the Houston Ship Channel and this refinery has the capacity of more than 560, 000 barrels per day.

The other major refineries which are shutting down included Phillips 66 Sweeny Texas Refinery (260, 000 b/d), Marathon’s Galveston Bay refinery (460, 000 b/d), and Access Industries plant in Houston (260, 000 b/d). This information is given by the traders and oil industry.

According to the Oil Express news alert, refineries in Corpus Christi which is owned by Flint Hills, Valero, and Citgo, with the total capacity of more than 700, 000 barrels per day are also shut down.

The working on the oil refineries is also stopped because of Hurricane Harvey. This disaster shakes the whole economy and life of the United States of America.

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