MakeeLearn
Posts: 4278
Joined: 9/11/2016 Status: offline
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"The outages in Port Arthur have boosted the lack of refining and the total amount will rise to 4.08 million barrels of oil a day, as some are only able function at half of their normal capacity, consisting of 22% of the U.S. refining capacity, a S&P Global Platts report said. While the Corpus Christi refineries produce 4.4% of the capacity in the U.S., the refineries in Houston, the fourth largest city, and Texas City together generate 12% of refining capacity, producing a mixture of products ranging from gasoline to jet fuel. The outlook for refineries returning back to their normal rates of production is pessimistic as there could be additional shutdowns, said Patrick DeHaan, a senior petroleum analyst for GasBuddy.com,. "Refineries have to deal with running out of crude oil due to the Houston Ship Channel and other Infrastructure being out of service," he said. "
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