West Texas Intermediate crude rose on concern that the closing of the Houston Ship Channel will disrupt operations at Gulf Coast refineries. Brent fell.
U.S. authorities are planning inspection flights over the Houston Ship Channel, home to 11 percent of the nation’s refining capacity, as the waterway remains closed for a fourth day.
The shutdown of the Houston Ship Channel following a fuel oil spill over the weekend will have an impact similar to that of a fog-related event, according to Valero Energy Corp., the world’s biggest independent refiner.
The Houston Ship Channel , which links the Gulf of Mexico to the city’s oil refineries, is closed because of fog, an official at Houston Pilots said.
The operator of the bulk carrier that collided with a barge carrying fuel oil in the Houston Ship Channel was on probation for a 2011 federal pollution violation.
The Houston Ship Channel, home to the nation’s largest petrochemical complex and export port, reopened all lanes of traffic for the first time since a March 22 oil spill.