Gulf Coast Refineries Restart After Hurricane Scare

Refineries along the Gulf Coast began to restart a day after hurricane Laura made landfall in Louisiana, most of them only suffering minimal or no damage. Motiva and Valero have so far been the only ones to report a problem—a chemical leak that was quickly contained for Motiva and a release of sulfur dioxide for Valero. The refiner said the gas was released during the shutdown of a refinery ahead of Laura’s landfall. Oil prices immediately fell when it became clear that the likelihood of prolonged refinery disruption was small despite…