- Oil is trading lower as Hurricane Beryl impacts Texas refiners
- Marathon and LyondellBasel said they have plans in place to protect their Houston and Galveston refineries but did not comment on whether throughput would be reduced
- Citgo is reducing refinery runs at its 165 MBbl/d Corpus Christi refinery
- Shell and Chevron have shut in crude production at some of their offshore production platforms
- Refinery resiliency to be tested by summer heat and hurricanes (Reuters)
- US refiners could be impacted, potentially leading to higher fuel prices due to a combination of an above-average hurricane season and record summer heat
- With the 2024 Atlantic hurricane season ramping up, there is a risk of more storms impacting Gulf Coast refiners and oil producers
- High temperatures may also impact crude processers, as last year's extreme heat led to a 500 MBbl/d reduction in refinery throughput, according to JP Morgan
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