However, a spokesperson for Valero said a restart was underway at its 89,000 bpd Three Rivers refinery, as well as at its 293,000 Corpus Christi facility. Motiva has told customers to prepare for fuel shortages, said a source at convenience store and gas station chain Circle K. The Phillips 66 plant was untouched by the storm, which had significantly affected United States refinery and production capacity in the Gulf of Mexico.
Anglo American plc (LON:AAL) had its price target boosted by Jefferies Group LLC from GBX 1,250 ($16.17) to GBX 1,500 ($19.40) in a research report sent to investors on Thursday. It now has negative earnings. The Firm operates through two divisions: High Street and Travel. The stock decreased 0.57% or $0.71 on September 1, reaching $123.
Secondly, GST collections and rebates could distort GDP prints from the second quarter onward, it said, adding the GST rates regime could also distort upcoming GDP prints. Latest growth rate was the lowest since the March quarter of 2014. Niti cites slump in manufacturing as reason for dip. Agricultural growth was dragged down by weaker animal husbandry sector's growth despite record high crop production.
Still, most flood insurance may not be as generous as homeowners expect. "We live in the Tennessee River Valley so those two words imply that flooding is certainly possible here". "It's like any other type of insurance you're buying peace of mind", said Fisher. When homeowners need to file a claim, the flood insurance pot is, in theory, supposed to cover it.
On Michigan's first offensive drive, they drove the length of the field and seemed to score, but an incorrect penalty call negated the touchdown. It's not that he isn't a good QB, but you have to wonder if he is good enough for Michigan's lofty goals.
The pipeline is key to moving gasoline, jet fuel and other refined products to points along the East Coast from Florida to New Jersey. As a result, reduced supplies of gasoline has caused prices to spike . Companies will have to do an assessment when the water goes down. "The only lasting impact is if refineries are out for months". "Then obviously we have other refineries in the country".
More than 30 percent of the U.S. gasoline refinery capacity is shut down because of Harvey. Statewide, the average cost was $2.37 on Friday. With Americans using about 9.7 million barrels per day of gasoline, the threat of a fuel supply crunch has grown as the storm and flooding in Harvey's aftermath brought a huge chunk of USA oil production and refining capacity to a halt.
According to the AAA , the average national price of a gallon of regular unleaded gasoline was $2.519 early on Friday, the highest of 2017. A gallon of gas will cost an average of $2.85 in OR as of Friday, according to AAA . Gas expert Morris Burns says when everyone goes to the pump many of those same stations weren't ready for the high volume of drivers. While retail prices are rising, motorists may see additional increases at the pump in some areas.
U.S. commercial crude stocks fell by 5.39 million barrels last week to 457.77 million barrels, the U.S. Energy Information Administration said on Wednesday. It runs underground and is now under water in many parts of Texas, where inspections are needed before it can be fully operational again, Colonial spokesman Steve Baker said Thursday.
Just last week, refiners pushed output to their highest percentage of capacity since 2005 as gasoline demand hit an all-time weekly record of 9.85 million barrels, according to US Energy Department data on Wednesday. Over 2 million barrels per day (bpd) of refining capacity were estimated to be offline as a result of the storm. Other infrastructure outages includeÂ Explorer Pipeline Co.'s suspension of its product shipments from origin points in Pasadena, Texas, and a service halt by ...
In cash trading, the spread between Gulf Coast gasoline prices and benchmark futures rallied further, a day after hitting a five-year high in anticipation of constrained supply. Motiva Enterprises was cutting production at the nation's largest refinery due to flooding, sources said. The No. 2 USA refinery, ExxonMobil's Baytown, Texas facility, is also offline and has suffered some roof damage.
To which Niti Aayog Vice-Chairman Rajiv Kumar had earlier said that money wasn't converted into white but lot of deposits after the demonetisation are in fact under scrutiny. Despite staring at a RBI declared figure of Rs 12.44 lakh crore of demonetised currency back in the banking system, the economic affairs secretary Shaktikanta Das boldly stated on December 15, 2016, that there could be discrepancies in the Rs12.44 trillion figure.
West Texas Intermediate futures were trading down 1.19%, at $46.68 a barrel on the New York Mercantile Exchange. The storm, which lashed Louisiana with rain on Thursday, has pummeled the U.S. "It has to come from Asia even". The glut caused oil prices to crash to $26 a barrel in early 2016. Other refineries in the area are likely to do the same later this week.
Meteorologists said that Harvey could be the worst storm in US history in terms of financial cost. Major pipelines carrying gasoline and diesel fuel to Midwest and East Coast markets have been either throttled back or shut because of reduced supply.
Skipping flood insurance is a gamble people seem willing to take. This has become an even bigger priority as hundreds of thousands of homeowners cope with the flood waters left by Harvey . Estimated losses from the storm are already in the billions and many are wondering what they can expect from their current insurance policies. Right now the insurance program is borrowing from the U.S.
About 22 per cent of US Gulf of Mexico oil production is offline due to Hurricane Harvey , the US Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE) said on Friday. Its production is key to Libya´s oil output, which surged above 1 million bpd in late June, about four times its level last summer. On the New York Mercantile Exchange crude futures for October delivery jumped 0.63% to $47.73 a barrel, while on London's Intercontinental Exchange, Brent rose ...
The flooding was intense Wednesday in Port Arthur, after Harvey made a return visit, this time in Cameron, La., about 45 east of Port Arthur. Forecasters predicted that a wobbling and weakening Harvey will be downgraded to a tropical depression late Wednesday or early Thursday and completely dissipate within three to four days.
Nearly, 99% of the demonetized Rs 1000 notes came back to the banking system at the end of March 2017.The circulation of new Rs 1000 notes could be as early as December 2017. It said the National Crime Records Bureau (NCRB) under the Ministry of Home Affairs has designed a uniform proforma for collection of Fake Indian Currency Note (FICN) data.
The decision to make the change came in after the GST Council recommended the Central Government, which in turn moved a legislative amendment to increase the upper limit of the cess. "The GST implementation on July 1 removed the cascading impact of multiple taxes applicable in the pre-GST regime, which we understand was one of the primary objectives of the Government".
Massive flooding in southeast Texas has already impacted gasoline prices in the surrounding area, and one expert says the same could soon happen in Canada. Beyond pump prices, the storm has the potential to take a bite out of the North American economy, if the heavy hit to the energy sector spreads - and lasts.
While it's easy to believe that low viewer figures are to blame for the jettisoning of Fox News , it may not be the only reason. "21CF has made a decision to cease providing a feed of Fox News Channel in the U.K.", Fox said in a statement.
Following the game, Lovren praised his teammates saying , "I'm a Liverpool player and of course for me they are the best. It would be quite hard for any defender when you are up against Salah, Mane and Firmino", he told reporters. With the club adamant Philippe Coutinho will stay beyond the end of the transfer window, and with Adam Lallana now out injured, the Reds' squad is not short of attacking options.
Mayor Sylvester Turner put the number rescued by police at more than 3,000. "We just can't take any more ", Calcasieu Parish Sheriff Tony Mancuso told The AP, urging residents to leave flood-threatened homes Monday. "As the amount of rain continues to add up, there's more and more risk that there could be water damage, especially to storage facilities and underground pipelines", said Patrick DeHaan, senior petroleum analyst at GasBuddy .