Oil

Former Shell President John Hofmeister said Tropical Storm Harvey poses risks to the US energy supply during an appearance on FOX Business.

The S&P 500 and Dow ended little changed on Monday, with energy and bank shares lower as Tropical Storm Harvey crippled the U.S. energy hub in Texas, while tech and healthcare gave a boost to the Nasdaq.

CME Group Chairman Terry Duffy on Monday said European and Asian refineries can only do so much to aid U.S. refineries, after being hit by Hurricane Harvey.

Some oil production in the Gulf of Mexico returned Monday, as companies began to recover from Hurricane Harvey.

Some oil production in the Gulf of Mexico returned Monday, as companies began to recover from Hurricane Harvey.

U.S. crude oil futures fell more than 3 percent on Monday but gasoline prices surged to two-year highs as Tropical Storm Harvey kept hammering the U.S. Gulf Coast, knocking out several refineries which backed up crude supplies and disrupted fuel production.

Drivers across the U.S. will see Hurricane Harvey’s impact at the gas pump, as the energy hub of southeast Texas faces devastating floods.

As the dangers of Tropical Storm Harvey continue to threaten residents in areas of the Texas Gulf Coast and Louisiana, local administrators warn this could be a “landmark” national disaster for the United States.

As the dangers of Tropical Storm Harvey continue to threaten residents in areas of the Texas Gulf Coast and Louisiana, local administrators warn this could be a “landmark” national disaster for the United States.

U.S. gasoline futures jumped to two-year highs while an already weak dollar hit 16-month lows against a basket of currencies on Monday as Tropical Storm Harvey pummeled the heart of the U.S. energy sector.

Massive flooding caused by Harvey along Texas' refinery-rich coast could have long-standing and far-reaching consequences for the state's oil and gas industry and the larger U.S. economy.

Massive flooding caused by Tropical Storm Harvey along Texas' refinery-rich coast could have long-standing and far-reaching consequences for the state's oil and gas industry and the larger U.S. economy.

Massive flooding caused by Tropical Storm Harvey along Texas' refinery-rich coast could have long-standing and far-reaching consequences for the state's oil and gas industry and the larger U.S. economy.

About 22 percent of U.S. Gulf of Mexico oil production is offline due to Tropical Storm Harvey, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday.

About 22 percent of U.S. Gulf of Mexico oil production is offline due to Tropical Storm Harvey, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday.

Damage assessments at four Corpus Christi, Texas, area oil refinerieswere underway on Saturday, a first step toward resuming production at the plants with combined capacity of 836,000 barrels-per-day (bpd), according to Gulf Coast refining sources.

Damage assessments at four Corpus Christi, Texas, area oil refinerieswere underway on Saturday, a first step toward resuming production at the plants with combined capacity of 836,000 barrels-per-day (bpd), according to Gulf Coast refining sources.

Key oil and gas facilities along the Texas Gulf Coast have temporarily shut down as Hurricane Harvey pounds the region with torrential rain and high winds, virtually assuring gasoline prices will rise in the storm's aftermath.