Houston Ship Channel shut for third day after collision, oil spill

|By:, SA News Editor

The Houston Ship Channel, which delivers crude oil for more than 10% of all U.S. refining capacity, is shut for a third day as the cleanup from a Saturday spill threatens to last through the week.

A collision between a Kirby (KEX) Inland Marine oil barge and a cargo ship spilled ~4K barrels of residual fuel oil; now, 43 ships are waiting to go out from the port of Houston and 38 ships are waiting to come in.

Exxon Mobil (XOM) says the closure has not yet affected operations at its 560K bbl/day refinery in Baytown, Tex., second largest in the U.S.; Marathon Petroleum (MPC) has not discussed operations at its 451K bbl/day Galveston Bay refinery and 80K bbl/day Texas City refinery.