Harvey
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Harvey’s Made the World’s Most Important Chemical a Rare Commodity
EghtesadOnline: Few Americans care about ethylene. Many have probably never heard of it. As it turns out, this colorless, flammable gas is arguably the most important petrochemical on the planet…
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Trump Seeks $7.85 Billion in Harvey Aid, Urges Debt Limit Action
EghtesadOnline: The Trump administration sent Congress a request Friday for almost $8 billion in initial relief for Hurricane Harvey victims and suggested the assistance be authorized in tandem…
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Crude dips, gasoline spikes as floods knock out almost a quarter of U.S. refineries
EghtesadOnline: Oil prices slid on Wednesday but gasoline spiked to its highest since mid-2015 as flooding and storm damage in the wake of Hurricane Harvey knocked out almost a quarter of U.S.…
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'Apocalyptic' Flooding Has Harvey's Damages Rising by the Hour
EghtesadOnline: On Tuesday morning, disaster analyst Chuck Watson had pegged $42 billion as a reasonable estimate for the cost of destruction Tropical Storm Harvey would leave in its wake. By…
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Stocks Drop, Yen Jumps After Korea Missile Launch
EghtesadOnline: Asian stocks fell and the yen gained after North Korea fired a ballistic missile over Japan, promising to fan simmering tensions with the U.S. Gold extended a rally above $1,300…
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Oil markets roiled as Hurricane Harvey hits U.S. petroleum industry
EghtesadOnline: Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the U.S. Gulf coast over the weekend, knocking out numerous refineries and some crude production.
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Harvey throws a wrench into U.S. energy engine
EghtesadOnline: A hurricane in the heart of the U.S. energy industry is set to curtail near-record U.S. oil production for several weeks, with the impact expected to reverberate throughout the…
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S&P 500 Futures Slip as Harvey's Impact on Industries Is Eyed
EghtesadOnline: Futures on American equity indexes slipped, paring gains from the biggest weekly advance of August, as investors waited to gauge consequences for stocks and industries from the…
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Asian Equities Mixed as Harvey's Impact Assessed
EghtesadOnline: Asian stocks fluctuated and U.S. equity futures fell as investors weighed the damage from Tropical Storm Harvey on U.S. oil refining centers. The greenback maintained losses after…
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Harvey's Second Act Could Drive Up Economic Damage for Texas
EghtesadOnline: As Harvey’s winds die down, trouble for Texas may have just begun with forecasts for unprecedented flooding across the heart of U.S. energy production and in Houston, the nation’s…