In this video, Motley Fool Energy Analyst Taylor Muckerman discusses the ongoing struggles in the Northeast U.S. due to flooding and power loss after two major storms hit the area. The crude oil refineries in the region are working to get back online to keep up with demand. Hess (NYS: HES) has now announced that its 70,000-barrel refinery in Port Reading, NJ is back in production, whereas Shell (NYS: RDS.B) and partners are only operating at limited capacity. Phillips 66 still expects one to two more weeks before its 238K barrel facility is back in operation.
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The article Refining in the Northeast Finally Coming Back Online originally appeared on Fool.com.
Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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