Largest U.S. Refiner Shuts Down as Harvey Makes Second Landfall
- An estimated 4.25 million barrels per day of capacity affected
- Corpus Christi plants beginning to restart as storm moves on
Gasoline in Best Run Since 2013
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Harvey’s lumbering path into Louisiana has expanded the number of shuttered oil refineries, with almost one-quarter of U.S. capacity offline.
Harvey made a second Gulf Coast landfall Wednesday morning near the Texas-Louisiana border. Flooding and power failures associated with the latest hit have reduced U.S. fuel-making capacity by about 4.25 million barrels a day to the lowest since 2010. Motiva Enterprises LLC’s Port Arthur facility in Texas, the biggest U.S. refinery, is shutting because of severe flooding. Total SA’s refinery in Port Arthur is out with a power loss, a person familiar with the matter said.