Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
25 January 2023 | Other

Texas refineries are reporting problems after a tornado

Brent
WTI Light Crude Oil

One chemical plant and one oil refinery experienced failures in operations on Tuesday due to severe weather conditions out of Houston. The oil and gas refinery complex is now trying to recover their operations.

Unfavorable weather conditions caused problems at Shell's Deer Park chemical plant. Weather-related disruptions also occurred at the neighboring Petroleos Mexicanos refinery.

Exxon Mobil stated that the company's facility in Baytown, Texas, was not affected by the severe weather.

A tornado is expected in the Houston area on Tuesday afternoon, according to forecasts from the National Weather Service. The storm is currently moving to another oil refining center in Beaumont, Texas.

Company MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator remained at the same level of 186.4K
30 May
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 465 to 461
30 May
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 566 to 563
30 May
Oil on track for second weekly decline amid expectations of another OPEC+ output hike
30 May
Actual increase in OPEC+ oil supply may be less than announced
30 May
Top news
United States. PCE price index (YoY). The value of the indicator has decreased from 2.3% to 2.1%
30 May
United States. Core PCE Price Index (YoY). The value of the indicator has decreased from 2.7% to 2.5%
30 May
Technical indicators point to possible bitcoin price correction – 10xResearch
30 May
Reuters says Trump may resort to other tariff options to circumvent US court ruling
30 May
Bloomberg forecasts weak S&P 500 growth in June after May's 6.2% surge
30 May
All news

Forecasts

AUDCAD sell
Period: 02.06.2025 Expectation: 450 pips
AUDCAD seen retreating to 0.88400
Chart analysis Indicators Fundamental analysis
30 May 2025 51
Jason_O_Brien
GBPUSD buy
Period: 06.06.2025 Expectation: 1400 pips
GBPUSD strengthens amid trade negotiations and weak US data
FA Other Technical analysis TA Other Indicators Fundamental analysis
30 May 2025 44
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva
Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Brent buy
Period: 13.06.2025 Expectation: 350 pips
Lack of unexpectedness during OPEC+ meeting can support Brent crude
FA Other Hot news Chart analysis
30 May 2025 53
John_Bullard
S&P 500 sell
Period: 06.06.2025 Expectation: 1500 pips
Selling SPX on rising US consumer inflation
Indicators and reports Chart analysis
30 May 2025 30
Bruce_Powers
ETHUSD buy
Period: 13.06.2025 Expectation: 30000 pips
Buying ETHUSD with $3000 target with resistance breakout underway
FA Other Technical analysis TA Other Indicators Fundamental analysis
29 May 2025 90
Emily_Foster
Natural gas sell
Period: 30.05.2025 Expectation: 100 pips
Natural gas depreciates due to temporary halt of Freeport LNG facility in Texas
Chart analysis Indicators
29 May 2025 52
Jason_O_Brien
Go to forecasts