Latest Oil refinery outages News

After Ida hits, August industrial output gains slow to 0.4%

Sep. 15, 2021 10:59 AM EDT

WASHINGTON (AP) — U.S. industrial production slowed to a 0.4% gain in August as shutdowns of petroleum refineries and petrochemical plants caused by Hurricane Ida curbed manufacturing activity. Plant closures long the Gulf Coast as well as lost oil production during...

Ida-hit oil industry port sustains less damage than feared

Sep. 02, 2021 17:58 PM EDT

BATON ROUGE, La. (AP) — A critical port that serves as the primary support hub for the Gulf of Mexico’s deepwater offshore oil and gas industry sustained less damage from Hurricane Ida's direct hit than initially feared and should be back to working operations “in the near future," a...

Power makes slow return to eastern New Orleans

Sep. 01, 2021 11:33 AM EDT

Entergy said Wednesday that it is slowly adding power back to New Orleans, and the pace of that work will determine how quickly the region's important oil refineries can restart operations that were shut down by Hurricane Ida. The utility company said that it restored...

As Ida leaves Gulf, analysts foresee modest economic damage

Aug. 30, 2021 17:57 PM EDT

WASHINGTON (AP) — With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast. But the impact on the overall U.S. economy will likely be...

A Hurricane Ida unknown: Economic impact on region and US

Aug. 28, 2021 18:04 PM EDT

A strengthening Hurricane Ida, bearing high winds and the likelihood of flooding rain as it heads for the Louisiana coast, could damage the energy-heavy Gulf Coast economy and potentially have economic consequences well beyond the region. The Gulf is not only a major base...