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The biggest refineries in US are going dark amid the cold
Jeffrey Bair and Barbara Powell, Bloomberg
Feb. 16, 2021
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The Port Arthur Refinery, operated by Motiva Enterprises, closed Monday.Jon Shapley, Staff photographer / Staff photographer
After creating havoc in the power and natural gas markets, the next commodity sector causing concern in Texas is the state’s enormous oil refining industry, where installations are being forced offline by the big freeze.
The largest refineries in North America shut down Monday because of arctic conditions that have cut electricity, water and fuel supplies across Texas. More than 3 million barrels of daily oil-processing capacity has been idled in the wake of the record-setting cold, according to consultant Energy Aspects Ltd. ....

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