Heavy Rains Reduce Gulf Coast Refinery Output

Four refineries on the U.S. Gulf Coast have reduced their processing rates because of heavy rains and flooding in East Texas and Louisiana. The severe weather conditions are forecast to continue this week, Reuters reports. Among the refineries that suffered slowdowns was Total’s Port Arthur facility, which has a daily processing capacity of 225,500 barrels of crude oil and which suffered a brief power outage at the start of this week. Another was Motiva’s 630,000-bpd refinery in Port Arthur, which was hit by a transformer blowout on…