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Gulf Coast fuel makers could be shut for another week Barbara Powell and Jeffrey Bair, Bloomberg Feb. 18, 2021 FacebookTwitterEmail Restarting a refinery isn’t like flipping a light switch when the power comes back on.Brandon Thibodeaux/NYT Fuel makers on the U.S. Gulf Coast may take a week or longer to get their frozen oil refineries running safely, even if at reduced rates, and that could mean higher gasoline and diesel prices at the pump. The deep freeze and power outages roiling energy markets affected more than 20 oil refineries in Texas, Louisiana and Oklahoma. Crude-processing capacity fell by about 5.5 million barrels a day, according to Amrita Sen, chief oil analyst for consultant Energy Aspects Ltd. ....
The biggest refineries in US are going dark amid the cold Jeffrey Bair and Barbara Powell, Bloomberg Feb. 16, 2021 FacebookTwitterEmail 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. ....