On Tuesday, German insurer Allianz said it expects insurance claims of more than $589 million (500 million euros) from storm Bernd, which caused massive flooding in parts of western Germany this month. Allianz’s estimate is the first estimate from a German… Read More ›
19.6% of the U.S. oil refinery halted by tropical storm Harvey has halted, as of Tuesday. In a significant blow to U.S. oil production, the largest crude oil refinery in the country was forced to shutdown on Tuesday night due… Read More ›
In the long run analysts expect Harvey to have long term impact on U.S. crude’s value chain. With Hurricane Harvey leaving a trail of destruction, knocking out refineries and crude production facilities, along the U.S. Gulf Coast, oil markets around… Read More ›
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