As Harvey Wreaks Havoc, European Refiners Set to Benefit - News Summed Up

As Harvey Wreaks Havoc, European Refiners Set to Benefit


LONDON—As Tropical Storm Harvey continues to run roughshod over U.S. refineries, threatening fuel shortages across America, gasoline producers in Europe are sizing up a potential windfall. The flooding in Texas has hurt local refineries’ capacity to convert oil into petroleum products while also disrupting a major pipeline that moves gasoline, diesel and jet fuel to the northeast. Roughly 20% of U.S. refinery capacity is now...


Source: Wall Street Journal August 31, 2017 10:52 UTC



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