Hurricane Harvey's energy impact
A storm-ravaged Gulf Coast faces a large and complex recovery that could take longer than energy investors expect
In case you missed the wall-to-wall coverage, Hurricane Harvey slammed into the Gulf Coast, the heart of America's oil and gas industry and one of the world's largest energy hubs, on 25 August. Torrential rain is expected to keep falling on Houston and surrounding areas throughout this week. The immediate concern is for the thousands affected by the flooding. But the fallout on energy markets will be great: supply, energy infrastructure and demand have all already been significantly affected by the storm. Gasoline and other fuel prices quickly jumped more than 5% as the scale of the disaster became clear and refineries along the coast were shut down. WTI crude prices fell more than 2%, and t
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