Commodities 

Oil market weighs Harvey effect

Oil market weighs Harvey effect

For the past decade, Houston and the wider US Gulf have been at the centre of the country’s shale revolution. Over the past fortnight, the region has found itself devastated by the first major hurricane to make landfall in the US since 2005, forcing the closure of a third of the country’s refinery capacity, and oil and gas production across Texas and Louisiana.

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