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US energy industry claws back after Harvey, but gas prices still up

The storm took down a quarter of US oil refining capacity

Reuters  |  New York 

Several key refineries began restarting over the weekend after Hurricane Harvey slammed into the US Gulf Coast energy hub and crippled their operations, but gasoline prices remained near two-year high amid fears of shortages. The storm took down a quarter of US oil refining capacity and lifted average gasoline prices by more than 17.5 cents since August 23. On Saturday, ExxonMobil Corp began restarting the country's second-largest oil refinery, the 560,500 barrels per day (bpd) Baytown, Texas, unit, while Phillips 66 said it was working to resume operations at its ...

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First Published: Sun, September 03 2017. 15:49 IST
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