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Largest U.S. refinery shuts down due to Harvey flooding

Published 08/30/2017, 07:58 AM
© Reuters.  Largest U.S. refinery shuts down due to Harvey flooding
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  • The largest crude oil refinery in the U.S. reportedly is shutting down due to flooding from Tropical Storm Harvey.
  • Owner Motiva Enterprises said the 603K bbl/day refinery was operating at 40% capacity last night after announcing earlier yesterday that it was operating at 60% capacity.
  • With the shutdown of the Motiva refinery, 19.6% or 3.65M bbl/day of U.S. refining capacity would be shut due to Harvey, according to Reuters.
  • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, UGA, DTO, USL, DNO, OLO, SZO, OLEM, OILK, WTIU, OILX, WTID, USOI
  • Now read: 10 Years Gone

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