And on Thursday, the company shuttered Line 1, the pipeline that carries gasoline. They got a refill at about 10 a.m. and were drained again by 2 p.m. The shuttering of the Colonial Pipeline , which traverses 13 states, including Virginia and Maryland, could further impact gasoline prices. It will tighten the global picture for products, coming at a time when you start to have refineries going... [Full Article...]
The reserve, established in the 1970s, now contains 679 million barrels of oil. Phillips 66, meanwhile, said it was preparing to resume operations at its storm-hit 247,000 bpd refinery in Beaumont, Texas. As many as 15 refineries were shut down because of the hurricane. The Paris-based agency, which coordinates energy policies of industrialized nations, said it was monitoring the situation in ... [Full Article...]
This Exxon station in Arlington is out of gas due to a shortage in the wake of Hurricane Harvey . "It is important to remember not to panic and overbuy gas - as there is no evidence that there will be a shortage in our states", said Dave Parsons, president of AAA Carolinas, which predicts more than a million people from North and SC will travel this weekend. [Full Article...]
At almost 8 square miles, the fire had charred more land than any other in Los Angeles' history, Mayor Eric Garcetti said. Only one home has burned and no one has been injured as the blaze grew to almost 8 square miles and prompted evacuation orders for more than 600 homes in Los Angeles, Burbank and Glendale. [Full Article...]
Data next week will provide a better indication of the extent of the damage to the US energy sector from Tropical Storm Harvey . The report also showed USA gasoline demand jumped to 9.846 million bpd last week as US refining utilization rates rose to 96.6 percent, the highest percentage since August of 2015. [Full Article...]
The Georgia-based company remains able to operate its pipeline from Louisiana to states east and northeast of there, though deliveries will be "intermittent", the company said. As more refineries come back online in Texas over the next week or so, gas prices are expected to go down. Several gas stations in the Dallas/Fort Worth area are already out of gas or preparing to run out before the end o... [Full Article...]
Since the devastating flooding in South Texas and Louisiana has disrupted far more crude oil refining capacity in the region than production capacity, the net result of the storm has been less crude oil being refined and less gasoline being produced. [Full Article...]
North Korea claims to have built an advanced hydrogen bomb that can be mounted onto an inter-continental ballistic missile (ICBM). The missile flew over Japan, further exacerbating tensions between North Korea and the United States and its allies, Japan and South Korea. [Full Article...]
And on Thursday, the company shuttered Line 1, the pipeline that carries gasoline. They got a refill at about 10 a.m. and were drained again by 2 p.m. The shuttering of the Colonial Pipeline , which traverses 13 states, including Virginia and Maryland, could further impact gasoline prices. It will tighten the global picture for products, coming at a time when you start to have refineries going... [Full Article...]
The reserve, established in the 1970s, now contains 679 million barrels of oil. Phillips 66, meanwhile, said it was preparing to resume operations at its storm-hit 247,000 bpd refinery in Beaumont, Texas. As many as 15 refineries were shut down because of the hurricane. The Paris-based agency, which coordinates energy policies of industrialized nations, said it was monitoring the situation in ... [Full Article...]
This Exxon station in Arlington is out of gas due to a shortage in the wake of Hurricane Harvey . "It is important to remember not to panic and overbuy gas - as there is no evidence that there will be a shortage in our states", said Dave Parsons, president of AAA Carolinas, which predicts more than a million people from North and SC will travel this weekend. [Full Article...]
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At almost 8 square miles, the fire had charred more land than any other in Los Angeles' history, Mayor Eric Garcetti said. Only one home has burned and no one has been injured as the blaze grew to almost 8 square miles and prompted evacuation orders for more than 600 homes in Los Angeles, Burbank and Glendale. [Full Article...]
Data next week will provide a better indication of the extent of the damage to the US energy sector from Tropical Storm Harvey . The report also showed USA gasoline demand jumped to 9.846 million bpd last week as US refining utilization rates rose to 96.6 percent, the highest percentage since August of 2015. [Full Article...]
The Georgia-based company remains able to operate its pipeline from Louisiana to states east and northeast of there, though deliveries will be "intermittent", the company said. As more refineries come back online in Texas over the next week or so, gas prices are expected to go down. Several gas stations in the Dallas/Fort Worth area are already out of gas or preparing to run out before the end o... [Full Article...]
Since the devastating flooding in South Texas and Louisiana has disrupted far more crude oil refining capacity in the region than production capacity, the net result of the storm has been less crude oil being refined and less gasoline being produced. [Full Article...]
North Korea claims to have built an advanced hydrogen bomb that can be mounted onto an inter-continental ballistic missile (ICBM). The missile flew over Japan, further exacerbating tensions between North Korea and the United States and its allies, Japan and South Korea. [Full Article...]