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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

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