Hurricane Raises Flood, Power Loss Fears for Texas Refiners
- Some slowly bringing plants down in advance of storm landfall
- Category 3 hurricane could affect operations for 2-3 weeks
Oil Markets Brace for Hurricane Harvey
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The biggest fears for Texas refiners in the path of Hurricane Harvey: floods and power outages.
Harvey is forecast to become a Category 3 storm by the time it slams into the Texas coast late Friday. A storm surge of as much as 12 feet (3.7 meters) may bring salt water pouring into coastal terminals and refineries, while as much as 25 inches of rain in the next week may keep facilities flooded for days.