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                            <title>    Oil refineries shut down in Texas because of Hurricane Harvey flooding - BI
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class="globe-inner-circle" fill="#FFF" d="M10 1.1c-4.9 0-8.9 4-8.9 8.9s4 8.9 8.9 8.9 8.9-4 8.9-8.9-4-8.9-8.9-8.9zm0 16.7c-4.3 0-7.8-3.5-7.8-7.8S5.7 2.2 10 2.2s7.8 3.5 7.8 7.8-3.5 7.8-7.8 7.8z"/><path class="globe-outer-circle" fill="#848F91" d="M10 20C4.5 20 0 15.5 0 10S4.5 0 10 0s10 4.5 10 10-4.5 10-10 10zm0-1.1c4.9 0 8.9-4 8.9-8.9s-4-8.9-8.9-8.9-8.9 4-8.9 8.9 4 8.9 8.9 8.9z"/></svg>
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    <section class="accounts-list accounts-list-dropdown" data-accounts-list-dropdown>
        <div class="accounts-header accounts-list-dropdown">
            <span class="accounts-icon-wrapper">
                <svg class="svg-icon profile-icon accounts-list-dropdown" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 17 18.8"><path class="profile" fill="none" stroke="#848F91" d="M.5 14.8c.1-1.1 1-2.1 2.4-2.8.5.7 1.1 1.3 1.5 1.7.9.8 2.8 1.2 4 1.2s3.1-.4 4-1.2c.5-.5 1.2-1 1.7-1.6 1.4.7 2.2 1.7 2.3 2.7v3.4H.4l.1-3.4zm8-4c-3.6 0-4.6-4-4.6-6.2S5.9.5 8.5.5 13 2.3 13 4.6s-1 6.3-4.5 6.2z"/></svg>            </span>
            <div class="accounts-header-title">BI ACCOUNTS</div>
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    <ul class="accounts-listgroup">

        
                                                
    <li class="accounts-listitem">
            <a class="accounts-link" href="/login" target="" data-signin-default aria-label="signin">BUSINESS INSIDER</a>

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                            <li class="accounts-listitem signout-listitem">
                                            <a class="accounts-link" href="/subscription/prime" target="" data-signin-default aria-label="signin">BI PRIME</a>


                                            <a class="accounts-link-logout is-access-denied" href="#" target="" data-bi-prime-logout aria-label="signout">SIGN OUT</a>

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<nav class="l-nav l-nav-full" data-nav data-e2e-name="l-nav" data-track-page-area="Navigation">
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="tech">
                                                            <label class="verticals-accordion-label " data-e2e-name="vertical-listitem-link" data-vertical-listitem="Tech" for="item1">
                                    <a href="/sai" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Tech">Tech</a>
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                                                                            <section class="verticals-accordion-subvertical-section">
                                                                                                        <a href="/enterprise" class="verticals-accordion-subvertical-link">
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                                    <a href="/clusterstock" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Finance">Finance</a>
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                                                                            <section class="verticals-accordion-subvertical-section">
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="politics">
                                                            <label class="verticals-accordion-label " data-e2e-name="vertical-listitem-link" data-vertical-listitem="Politics" for="item3">
                                    <a href="/politics" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Politics">Politics</a>
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                                                                            <section class="verticals-accordion-subvertical-section">
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            News
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                                                                            <svg class="svg-icon chevron-icon verticals-accordion-chevron-icon" data-chevron-icon xmlns="http://www.w3.org/2000/svg" viewBox="0 0 14.4 8.4"><path class="chevron" fill="none" stroke="#848F91" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/></svg>                                                                    </label>
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="strategy">
                                                            <label class="verticals-accordion-label " data-e2e-name="vertical-listitem-link" data-vertical-listitem="Strategy" for="item4">
                                    <a href="/warroom" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Strategy">Strategy</a>
                                    <input data-label-transform class="verticals-accordion-input" id="item4" type="checkbox" />
                                                                            <section class="verticals-accordion-subvertical-section">
                                                                                                        <a href="/careers" class="verticals-accordion-subvertical-link">
            Careers
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                                                                                    </section>
                                    
                                                                            <svg class="svg-icon chevron-icon verticals-accordion-chevron-icon" data-chevron-icon xmlns="http://www.w3.org/2000/svg" viewBox="0 0 14.4 8.4"><path class="chevron" fill="none" stroke="#848F91" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/></svg>                                                                    </label>
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="life">
                                                            <label class="verticals-accordion-label " data-e2e-name="vertical-listitem-link" data-vertical-listitem="Life" for="item5">
                                    <a href="/thelife" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="Life">Life</a>
                                    <input data-label-transform class="verticals-accordion-input" id="item5" type="checkbox" />
                                                                            <section class="verticals-accordion-subvertical-section">
                                                                                                        <a href="/thewire" class="verticals-accordion-subvertical-link">
            Entertainment
        </a>
    
                                                                                                        <a href="/travel" class="verticals-accordion-subvertical-link">
            Travel
        </a>
    
                                                                                                        <a href="/sportspage" class="verticals-accordion-subvertical-link">
            Sports
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                                                                                    </section>
                                    
                                                                            <svg class="svg-icon chevron-icon verticals-accordion-chevron-icon" data-chevron-icon xmlns="http://www.w3.org/2000/svg" viewBox="0 0 14.4 8.4"><path class="chevron" fill="none" stroke="#848F91" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/></svg>                                                                    </label>
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                        <li class="verticals-accordion-flex-grow verticals-accordion-listitem" data-vertical-label="all">
                                                            <label class="verticals-accordion-label verticals-accordion-label-last" data-e2e-name="vertical-listitem-link" data-vertical-listitem="All" for="item6">
                                    <a href="/all" class="verticals-accordion-listitem-link" data-e2e-name="vertical-listitem-link" data-vertical-listitem="All">All</a>
                                    <input data-label-transform class="verticals-accordion-input" id="item6" type="checkbox" />
                                    
                                                                    </label>
                                                    </li>

                            
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    <section class="accounts-list accounts-list-exposed" data-accounts-list-exposed>
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        <h1 class="post-headline" >10 oil refineries in Texas have been shut down because of Hurricane Harvey</h1>
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                                            <div><p><figure id="img-512818" class="figure image-figure-image image-figure-float-right float-md-right postload" data-type="img" data-e2e-name="image-figure-image" data-media-container="image" style=""><postload-img data-src="https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-750-563.jpg" data-sizes="(min-width: 960px) and (max-width: 1259px) 640px, (min-width: 1260px) 960px, (-webkit-min-device-pixel-ratio: 2) 50vw, 100vw" data-srcset="https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-160-120.jpg 160w, https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-320-240.jpg 320w, https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-480-360.jpg 480w, https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-640-480.jpg 640w, https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-750-563.jpg 750w, https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-960-720.jpg 960w, https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-1136-852.jpg 1136w, https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-1334-1001.jpg 1334w, https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-1536-1152.jpg 1536w, https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-1920-1440.jpg 1920w, https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-2560-1920.jpg 2560w, https://amp.businessinsider.com/images/59a420ef6eac401c008b57d4-2732-2049.jpg 2732w" data-alt="harvey texas oil refinery" ></postload-img><span class="image-source-caption"><figcaption class="image-caption" data-e2e-name="image-caption">Smoke rises at an oil refinery in Corpus Christi, Texas, on Saturday.</figcaption><span class="image-source" data-e2e-name="image-source">
                                            Adrees Latif/Reuters
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Several oil refineries in Texas have been shut down temporarily as Harvey continues to ravage the southeastern part of the state. </p><p> Ten oil refinery plants around Houston and Corpus Christi are shutting down, according to a report by S&P Global Platts released Sunday. </p><p> Together these plants have the capacity to refine about 2.2 million barrels a day. Among the companies cited in the report as shutting down refineries are Exxon Mobil, Valero, Citgo, Shell, and Phillips 66. </p><p> Corpus Christi-area refineries were shut down ahead of the storm, while the Houston-area refineries were shut down Sunday because of flooding, according to S&P Global Platts. </p><p> The storm has, so far, shut down one-quarter of oil production from the Gulf of Mexico, according to multiple <a href=http://www.businessinsider.com/r-global-markets-gasoline-soars-and-dollar-dented-as-tropical-storm-harvey-rages-2017-8 > reports</a>. Some analysts say this shutdown might offset excess US oil capacity and could temporarily push up oil and gasoline prices. </p><p> "In the near term, bank on higher oil and gasoline prices until refining facilities and other petroleum infrastructure are back in operation," said Greg McBride, the chief financial analyst at Bankrate.com. "After that, oil prices will settle back into the familiar $45-$50 range we've seen in recent months." </p><p><a href=http://markets.businessinsider.com/commodities/oil-price?type=WTI > WTI crude oil</a>, the US benchmark, was down 2.4% at 10:26 a.m. ET. US gasoline futures, meanwhile, were up 5% early Monday after spiking by as much as 7%. </p><p><a href=http://www.businessinsider.com/tropical-storm-harvey-hurricane-updates-map-texas-where-landfall-damage-2017-8 > As of Monday morning</a>, Harvey, which made landfall as a Category 4 hurricane, had been reclassified as a tropical storm with maximum winds of 40 mph, but Houston is preparing for as much as another 2 feet of rain in the coming days. </p><p><a href=http://markets.businessinsider.com/commodities/oil-price?type=WTI ><figure id="img-3414" class="figure image-figure-image  postload" data-type="img" data-e2e-name="image-figure-image" data-media-container="image" style=""><postload-img data-src="https://amp.businessinsider.com/images/59a42f4e6eac401c008b58e5-750-392.png" data-sizes="(min-width: 960px) and (max-width: 1259px) 640px, (min-width: 1260px) 960px, (-webkit-min-device-pixel-ratio: 2) 50vw, 100vw" data-srcset="https://amp.businessinsider.com/images/59a42f4e6eac401c008b58e5-160-84.png 160w, https://amp.businessinsider.com/images/59a42f4e6eac401c008b58e5-320-167.png 320w, https://amp.businessinsider.com/images/59a42f4e6eac401c008b58e5-480-251.png 480w, https://amp.businessinsider.com/images/59a42f4e6eac401c008b58e5-640-334.png 640w, https://amp.businessinsider.com/images/59a42f4e6eac401c008b58e5-750-392.png 750w" data-alt="wti crude" ></postload-img><span class="image-source-caption"><figcaption class="image-caption" data-e2e-name="image-caption">WTI crude oil.</figcaption><span class="image-source" data-e2e-name="image-source"><a href="http://markets.businessinsider.com/commodities/oil-price?type=WTI">Markets Insider</a></span></span></figure></a></p></div>
                                                                                                                                                                                                                                                                                                                                                                                                                <section class="category-tagline">
                                                            <div><p> Get the latest Oil WTI price <a href=http://markets.businessinsider.com/commodities/oil-price?type=WTI > here.</a></p></div>                                                        </section>
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