Hurricane Irma worsens Latin America’s fuel supply crunch

7 Sep 2017   Latin America

Hurricane Irma has shut down oil terminals across the northern Caribbean, worsening a fuel supply crunch in Latin American countries that have struggled to meet demand since Hurricane Harvey disrupted shipments from the U.S. Gulf Coast last month. Latin America had already been scrambling for almost two weeks to find cargoes because of Harvey, which caused massive flooding in Texas and Louisiana, shutting down oil ports, refineries and production platforms. Irma, which is being followed by two other hurricanes in the Atlantic – is threatening Caribbean refineries, terminals and storage facilities. There is over 100 million barrels of storage capacity in the Caribbean, which is crucial for those nations because of limited ability to refine crude, and also as supply for South American […]

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