HOUSTON (Reuters) - A petrochemical disaster outside Houston that has disrupted ship traffic for days at a major U.S. oil port led two major refineries on Monday to reduce fuel production, according to people familiar with the matter. Smoke covers the Houston area from a fire burning at the Intercontinental Terminals Company in Deer Park, east of Houston, Texas, U.S., March 18, 2019. Michael Sahrman/Handout via REUTERS A fire and fuel leak at Mitsui & Co Inc’s Intercontinental Terminals Co storage facility in Deer Park, Texas, last week sent gasoline, water and fire suppressant foam into the Houston Ship Channel, a waterway that connects Houston to the Gulf of Mexico. Officials on Friday closed a seven-mile stretch of the channel after chemicals, including benzene, were detected in the water. That shutdown has caused a bottleneck of tankers unable to enter or exit a busy area of the Houston port. On Monday, Royal Dutch Shell Plc and LyondellBasell Industries … [Read more...] about Texas refineries cut output as petrochemical spill curbs shipping
West texas intermediate
Fed says Texas job growth will take hit if the oil rout drags on
Rachel Adams-Heard, Bloomberg Published 5:00 am CST, Friday, December 28, 2018 Job growth in Texas would slow if oil prices remain low, according to the Federal Reserve Bank of Dallas. Job growth in Texas would slow if oil prices remain low, according to the Federal Reserve Bank of Dallas. Photo: Susana Gonzalez / Bloomberg Photo: Susana Gonzalez / Bloomberg Image 1 of / 1 Caption Close Image 1 of 1 Job growth in Texas would slow if oil prices remain low, according to the Federal Reserve Bank of Dallas. Job growth in Texas would slow if oil prices remain low, according to the Federal Reserve Bank of Dallas. Photo: Susana Gonzalez / Bloomberg Fed says Texas job growth will take hit if the oil rout drags on … [Read more...] about Fed says Texas job growth will take hit if the oil rout drags on
Texas is about to create OPEC’s worst nightmare
Javier Blas, Bloomberg Published 11:00 pm CST, Tuesday, November 20, 2018 Oil rigs drill into the Permian Basin outside of Midland Saturday, Sept. 17, 2016. NEXT: Scenes from the 2018 Permian Basin International Oil Show. Oil rigs drill into the Permian Basin outside of Midland Saturday, Sept. 17, 2016. NEXT: Scenes from the 2018 Permian Basin International Oil Show. Photo: Michael Ciaglo, Houston Chronicle Photo: Michael Ciaglo, Houston Chronicle Image 1 of / 98 Caption Close Image 1 of 98 Oil rigs drill into the Permian Basin outside of Midland Saturday, Sept. 17, 2016. NEXT: Scenes from the 2018 Permian Basin International Oil Show. Oil rigs drill into the Permian Basin outside of Midland Saturday, Sept. 17, 2016. NEXT: Scenes from the 2018 Permian Basin International … [Read more...] about Texas is about to create OPEC’s worst nightmare
Permian refineries in Texas, New Mexico reaping windfalls from oil discounts
Rye Druzin, Staff writer Published 8:39 am CDT, Monday, September 24, 2018 File photo of Andeavor refinery in Anacortes, Wash. Marathon Petroleum is buying San Antonio-based Andeavor for $23 billion, the companies announced Monday. File photo of Andeavor refinery in Anacortes, Wash. Marathon Petroleum is buying San Antonio-based Andeavor for $23 billion, the companies announced Monday. Photo: Ted S. Warren /AP Photo: Ted S. Warren /AP Image 1 of / 1 Caption Close Image 1 of 1 File photo of Andeavor refinery in Anacortes, Wash. Marathon Petroleum is buying San Antonio-based Andeavor for $23 billion, the companies announced Monday. File photo of Andeavor refinery in Anacortes, Wash. Marathon Petroleum is buying San Antonio-based Andeavor for $23 billion, the companies announced Monday. … [Read more...] about Permian refineries in Texas, New Mexico reaping windfalls from oil discounts
Stakes high for Houston, Texas as OPEC considers lifting output caps
Jordan Blum Published 8:08 am, Wednesday, June 20, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-5', placement: 'Interstitial Gallery Thumbnails 5', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Ronald Zak, STR / Associated Press Image 1of/5 CaptionClose Image 1 of 5 Iran's Minister of Petroleum Bijan Namdar Zangeneh speaks to journalists at a hotel in Vienna, Austria, Tuesday, June 19, 2018. Iran wants to leave OPEC production caps in place. Iran's Minister of Petroleum Bijan Namdar Zangeneh speaks to journalists at a hotel in Vienna, Austria, Tuesday, June 19, 2018. Iran wants to leave OPEC production caps in place. Photo: Ronald Zak, STR / Associated Press Image 2 of 5 Iran's Minister of Petroleum Bijan Namdar … [Read more...] about Stakes high for Houston, Texas as OPEC considers lifting output caps