Tag: oil sector

Oil sector hopes to weather Harvey storm

by Juliette Michel with Delphine Touitou in Washington Agence France Presse NEW YORK, United States (AFP) — Monster storm Harvey slammed into a key United States oil-producing region disrupting output amid the devastation, but crude stocks are high enough that the impact on the industry should be short-lived, experts said Monday. The Texas coast, home to nearly a third of the US oil refining capacity, has been ravaged by the most powerful hurricane to hit […]