Refiners Look to Recovery After Hurricane Harvey

The video discusses the impact of a storm on US refinery capacity, noting that at its peak, 25% of capacity was offline, which has since reduced to 13%. Goldman Sachs estimates that 2 million barrels per day will remain offline until Thursday, with 1.4 million potentially offline until mid-September. The market has reacted with gasoline futures reaching a 26-month high, though prices have since fluctuated. The video also covers the timeline for refineries, particularly in Corpus Christi, to come back online, with most expected to resume operations by Thursday.

What percentage of US refining capacity was offline at the height of the storm?

• 25%

• 10%

• 50%

• 75%

How many barrels per day does Goldman Sachs estimate will remain offline until Thursday?

• 2 million

• 4 million

• 1 million

• 3 million

What was the market's reaction to the refining capacity issues?

• Gasoline futures were unaffected

• WTI prices remained stable

• Gasoline futures reached a 26-month high

• Gasoline futures dropped to a 12-month low

What is the significance of Corpus Christi in the context of refining capacity recovery?

• It is unaffected by the storm

• It is a key area for refineries coming back online

• It is where the majority of refineries are located

• It is the location of the storm's origin

By when does Goldman Sachs estimate the majority of refining capacity will be back online?

• By Thursday

• By the end of the year

• By next week

• By the end of the month