Tropical Storm Harvey battered southeastern Texas this weekend, forcing key oil and gas facilities on the U.S. Gulf Coast to shutter. The bureau also estimated that about 26% of natural gas production in the Gulf has been shut in. The area is home to nearly one-third of the nation's capacity to turn oil into gas, diesel and other products. Federal officials said Saturday that workers from 112 oil and gas production platforms had been evacuated. Hurricanes that land in Texas tend to have little impact on oil production, but more significant consequences for refining, according to Tom Kloza, chief oil analyst at the Oil Price Information Service.

Source: CNN August 27, 2017 14:41 UTC