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?

How many barrels a day of refining capacity is estimated to remain offline until Thursday?

What was the price of gasoline futures mentioned in the text?

What is the estimated amount of barrels that could remain offline through mid September?

What is the estimated timeline for the majority of refining capacity to come back online?