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The confirmed death toll from tropical storm Harvey stood at 39 by Thursday night, though it is expected to rise. He added later Friday: "Great progress being made!" Gov. The agency has received 507,000 applications for assistance. Executive Order 13690, or changes to the Federal Flood Risk Management Standard, was signed by then-President Barack Obama in January 2015 to mitigate the damage that the growing number of floods across the nation would incur by restricting how close ...
  • Gas prices up & concerns over gasoline supply

    Gas prices up & concerns over gasoline supply

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    Combined with the already shut down plants, 18.1 percent of the country's capacity to refine oil is affected. "When you see what's going on in Houston , you can hardly refer to an increase in our gas prices as "pain" at the pump", AAA spokesperson Amy Parmenter said in a statement.
  • Crude falls as flooding from Harvey roils USA oil industry

    Crude falls as flooding from Harvey roils USA oil industry

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    With the waiver, retailers in the aforementioned states are allowed to sell "winter blend" gasoline early. Higher gasoline prices could affect consumer spending nationally, but the impact "should be small and temporary as production and refining come back on line", according to Ryan Sweet of Moody's Analytics.
  • Spain move towards World Cup spot with win over Italy

    Spain move towards World Cup spot with win over Italy

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    When the two teams met in their first Group tie in Leon last September, Spain thrashed the minnows 8-0. "I hope that we'll play an excellent match against them, also in terms of our nerves and focus as to win in Madrid would be a great experience".
  • Big API Draw Not Enough To Stop Crude Oil's Decline (USO)

    Big API Draw Not Enough To Stop Crude Oil's Decline (USO)

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    Crude prices slipped back in Asian trade Wednesday as a key U.S. oil-producing region reeled from the devastation caused by monster storm Harvey . At the same time, US condensate shipments from the Gulf Coast have been curtailed by the closure of lines belonging to Explorer Pipeline, reducing supplies of the material that oil-sands producers use to dilute their bitumen so it can flow through pipelines.
  • Is it NEET or politics over medical entrance test that killed Anitha?

    Is it NEET or politics over medical entrance test that killed Anitha?

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    The young girl, whose father is a daily wager, unsuccessfully pleaded before the Supreme Court , through a lawyer, that her state board Class 12 marks should be the sole criteria for getting admission to a medical college. Pro-Dalit Viduthalai Chiruthaigal Katchi (VCK) also staged protests here and scores of its volunteers were detained. Kamal Haasan said that he considers Anitha as his own daughter and will raise voice for her.
  • Gas prices increase, officials say there is no shortage

    Gas prices increase, officials say there is no shortage

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    The average price at the pump nationwide averaged $2.45 per gallon on Thursday - that's 10 cents higher than a week ago and a nickel increase since Wednesday. A driver in Denton, northwest of Dallas , tweeted a photo of a line at the gas pump. "I don't think the number will be that great, but on a typically busy holiday weekend we see 720,000 MA residents hitting the road for a trip of 50 miles or more".
  • Local gasoline prices rise in Harvey's wake

    Local gasoline prices rise in Harvey's wake

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    Harvey, downgraded to a tropical storm and losing steam as it moved inland, killed more than 40 people and brought record flooding that shut at least 4.4 million barrels per day (bpd) of refining capacity, roughly a quarter of the US industry.
  • U.S. fuel shortages from Harvey to hamper Labor Day travel

    U.S. fuel shortages from Harvey to hamper Labor Day travel

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    While much of the region's refining infrastructure still remained offline from Harvey , which made landfall as a Category 4 hurricane last week, the restarts were a first step in alleviating concerns about USA fuel supplies. VERIFY: Are Austin-area gas stations running low on fuel? On Thursday, Colonial Pipeline shut down a crucial artery in the nation's fuel supply network that provides more than 3 million barrels of diesel , gasoline and jet fuel daily to major cities from Houston to ...
  • Storm Harvey paralyzes a fifth of U.S. fuel output

    Storm Harvey paralyzes a fifth of U.S. fuel output

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    But filling tanks was already becoming hard Thursday in central Texas, where some stations were out of gas and pump costs have risen steeply. This probably understates the likely path of prices given that Hurricane Harvey , now a tropical storm, and the flooding in its aftermath has knocked out 15.3 percent of oil refining capacity in the U.S.
  • Hurricane Harvey Sends Gasoline Prices Up

    Hurricane Harvey Sends Gasoline Prices Up

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    Part of the increase in Virginia is fueled by the shut down of one of the pipelines that carries gas to the state, the Colonial Pipeline . In the Illinois Quad-Cities, the average price of a gallon of regular gasoline on Friday was $2.43, up 4.8 cents from Thursday, according to GasBuddy .
  • Gas prices hit 2-year peak in wake of Harvey

    Gas prices hit 2-year peak in wake of Harvey

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    In contrast with previous major hurricanes such as Katrina in 2005, Harvey has actually seen oil prices edge down, as traders focused more on the hit to demand from damaged US refineries than the blow to supply from knocked-out production.
  • Harvey pushes gas prices up

    Harvey pushes gas prices up

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    As the storm barreled into the Texas coast, a string of oil refineries closed, temporarily dropping USA refinery capacity. "We were cruising into fall with gas prices declining, and the only reason that is interrupted is geopolitical tensions and hurricane season", DeHaan said.
  • Majority of Harvey Losses Uninsured

    Majority of Harvey Losses Uninsured

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    Some may be forced to sell, if they can, and leave their communities. Critics have said the program provides a misguided tax subsidy to coastal and river valley property owners, encouraging development in flood-prone, often environmentally sensitive areas such as wetlands.
  • Majority of Harvey Losses Uninsured

    Majority of Harvey Losses Uninsured

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    Some may be forced to sell, if they can, and leave their communities. Critics have said the program provides a misguided tax subsidy to coastal and river valley property owners, encouraging development in flood-prone, often environmentally sensitive areas such as wetlands.
  • Karen Clarke puts Harvey insured loss at $15bn

    Karen Clarke puts Harvey insured loss at $15bn

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    The other way that property owners may have coverage, of course, is through flood insurance , which is typically provided by the federal government. It also slammed FEMA for leaving the federal flood insurance program - called the National Flood Insurance Program at "risk for fraud, waste, abuse, or mismanagement".
  • Check If You Need Flood Insurance

    Check If You Need Flood Insurance

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    This will help lift the burden off of property owners for determining their own flood risks, and will give more flexibility to the NFIP and private insurers to offer rates that accurately reflect the risk that a property faces. Copyright 2017 NPR. To see more , visit http://www.npr.org/. The Federal Flood Risk Management Standard was just such a prudent measure, a reasonable precaution to limit damages from future Harveys.
  • Astros acquire Verlander from Detroit

    Astros acquire Verlander from Detroit

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    The Tigers were able to move the 34-year-old who is still owed $70 million through 2019 despite his no-trade clause, which he vetoed. With rosters expanded in September, the franchise didn't need to make any corresponding moves. Luis Severino was an All-Star this season at age 23 and sports an ERA in the lows 3s as well as a fastball that sits in the high 90s. but he's not yet on the level as those other guys.
  • Oil prices soften as market assesses hurricane damage

    Oil prices soften as market assesses hurricane damage

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    Harvey is now moving back toward southeastern Texas and southwestern Louisiana, bringing six to 12 additional inches of rainfall with it, according to the National Weather Service. Those increases have not made it to the pump yet, with the national average price for gasoline up just six cents in the past week, to $2.40 a gallon, but analysts say it could rise above $2.80 a gallon or more, depending on refinery damage.
  • US Oil Production Near Record High But Harvey Looms

    US Oil Production Near Record High But Harvey Looms

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    The Energy Department reported Thursday morning that 10 refineries, representing 16.6 percent of total U.S. capacity, remained shut. "The analyst said:" The flooding and logistical impairments are the primary risk, not actual storm damage to facilities".
  • Gas Prices Jump Amid Storm-Related Refinery Closures

    Gas Prices Jump Amid Storm-Related Refinery Closures

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    Texas supplies 5.6 million bpd of crude refining capacity, while Louisiana is home to 3.3 million bpd. The U.S. Strategic Petroleum Reserve (SPR), a series of underground caverns in Louisiana and Texas operated by the Department of Energy, holds 678.9 million barrels of crude, enough to meet total U.S.
  • RBI release 1st report post demonetisation; oppositions seeks answers

    RBI release 1st report post demonetisation; oppositions seeks answers

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    Former finance minister P Chidambaram of the Congress tweeted , "RBI "gained" Rs16,000 crore, but "lost" Rs21,000 crore in printing new notes!" The economists deserve Nobel Prize99% notes legally exchanged! According to Niti Aayog member Bibek Debroy, the estimated figure of counterfeit currency in 2016 was Rs 2,000 crore but the RBI report said, only Rs.
  • Hurricane Harvey Fundraiser This Thursday at Atlantis Casino

    Hurricane Harvey Fundraiser This Thursday at Atlantis Casino

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    The U.S. Government Accountability Office criticized the Federal Emergency Management Agency and other federal agencies for loose scrutiny of disaster relief and recovery spending after Katrina. It is anticipated that many more families will be impacted. "If this particular terrible shoe were on our feet, we would need help and we would hope that our neighbors around the country would help", said Foulger.
  • Gasoline jumps 4%, oil mixed as storm hits more refineries

    Gasoline jumps 4%, oil mixed as storm hits more refineries

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    Department of the Interior's Bureau of Safety Environmental Enforcement said. Harvey was forecast to come ashore in western Louisiana near the Texas border on Wednesday. Buyers for Latin America, where many countries are heavily reliant on USA supplies, are trying to buy cargoes. "For those refineries not impacted, they will certainly profit".
  • Long Lines at Texas Gas Stations, But No Fuel Shortage

    Long Lines at Texas Gas Stations, But No Fuel Shortage

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    But the US has 230 million barrels in storage. But he says the pipeline is still operating from Louisiana to the eastern states, though deliveries will be "intermittent". Some gas stations in Dallas have posted gas prices between $6 to $8 a gallon, according to complaints made to the attorney general's consumer protection division.
  • Oil prices spike on shortage worries in Harvey's wake

    Oil prices spike on shortage worries in Harvey's wake

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    Brent crude futures were down 7 cents, at Dollars 51.93 per barrel. This comes as numerous refineries along the gulf coast were shut down or damaged, leading to speculation of a gas price hike due to a production shortage. Gasoline for October delivery RBc1 was down 0.2 percent at $1.7750. "The flooding now taking place is however leading to a greater loss of onshore supply (from the Eagle Ford) than historically has been the case", the analysts said.
  • Valero Sunray refinery pushing back gasoline unit overhaul due to Harvey

    Valero Sunray refinery pushing back gasoline unit overhaul due to Harvey

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    Brent crude's premium to WTI widened to the largest in two years with the global benchmark trading at as much as $5.20 above the USA marker. The front-month contract in US crude's benchmark West Texas Intermediate (WTI) futures settled down $0.13, or 0.3%, at $46.44 a barrel on the New York Mercantile Exchange (NYMEX).
  • Department of Energy Providing 500000 Barrels of Crude to Cope With Harvey

    Department of Energy Providing 500000 Barrels of Crude to Cope With Harvey

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    The average price per gallon Thursday stood at $2.26 in the Palmetto State. The Colonial Pipeline is the primary provider of gasoline for this region, and was shut down because of tropical storm Harvey. The AAA Fuel Gauge Survey shows the national average price of regular gasoline has jumped to almost $2.45 a gallon, rising more than four cents in 24 hours.
  • Texas, US gas prices spike after disastrous Hurricane Harvey

    Texas, US gas prices spike after disastrous Hurricane Harvey

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    While Harvey's refinery shutdown and Labor Day's arrival could push gasoline to a two-year high of $2.50 per gallon, Casselano said they will come down. The largest refinery in the U.S., Motiva Enterprises ( Port Arthur), owned by the national oil company of Saudi Arabia, now operates at only 40 percent of its capacity (refining at 100 percent capacity is 605,000 barrels per day).
  • By Labor Day Weekend Oil Prices Could Jump More Than 10 Percent

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    The Explorer Pipeline, which hauls about 660,000 barrels a day of gasoline, diesel, fuel oil and jet fuel from the Gulf Coast to the Midwest, was due to shut its main lines on Wednesday. Pipelines also were closed, potentially stranding some crude shipments in West Texas. Traders in Europe and Asia were working to reroute cargoes to the United States and Latin America to fill the gap left by refining and shipping closures in the Gulf.
  • Nation's Largest Refinery Scales Back Output as Harvey Rages

    Nation's Largest Refinery Scales Back Output as Harvey Rages

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    Torrential rain and catastrophic flooding followed the hurricane that slammed into Texas over the weekend, forcing refiners to shutter operations as a precaution. Meanwhile, offshore drilling in the Gulf has fallen off since the shale boom took off more than 10 years ago, shifting more production inland to less hurricane-prone areas like the Permian Basin.
  • Oil Traders Grab Gasoline Ships to Replenish Harvey-Hit US

    Oil Traders Grab Gasoline Ships to Replenish Harvey-Hit US

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    The storm has hurt demand for oil products. "It is all really unusual". That's 14.5 percent down from record levels reached last March, and it is below 2016 levels. Officials say they are not out of the woods just yet. Oil has traded this month in the tightest range since February as investors weigh rising global supply against output cuts by members of the Organization of Petroleum Exporting Countries and its allies.
  • British PM May arrives in Japan for talks with Abe

    British PM May arrives in Japan for talks with Abe

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    Tokyo planned to enhance efforts with Washington to persuade China and Russian Federation to change their positions against an envisaged oil embargo with a new UN Security Council resolution, Japan's Jiji news agency reported Thursday, citing informed sources.
  • Demonetisation a scam, Modi must apologise: Congress

    Demonetisation a scam, Modi must apologise: Congress

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    August 15, 2017: The effect of fighting black moneyIn his Independence Day speech, the Prime Minister said that between April 1 and August 5, the number people filing Income Tax returns had "more than doubled" to 56 lakh against 22 lakh during the same period past year.
  • Sandra Bullock donates $1 million to Harvey effort

    Sandra Bullock donates $1 million to Harvey effort

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    Four volunteers from central MA are already in Texas. Red Cross spokesperson Monique Dugaw wasn't surprised by the turnout for the call to volunteer; it's clear people want to help. Since then, they said they are still experiencing a critical blood shortage. The American Red Cross has an account made just for Harvey . "This is going to be a long-term relief effort ".
  • Red Cross Searching for More Volunteers to Help in Houston

    Red Cross Searching for More Volunteers to Help in Houston

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    You can find information on a charity's expenses, assets and revenue, as well as its programs. With risky widespread flooding in Southeast Texas , all blood collection organizations in the US are making efforts to meet patient blood needs and to ensure a sufficient blood supply in storm affected areas.
  • US releases oil from strategic reserves in response to Harvey

    US releases oil from strategic reserves in response to Harvey

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    More rain fell on the area in the last 24 hours than any other part of the region since the storm began last week, according to David Roth, meteorologist at the US Weather Prediction Center. Front month gasoline futures in the States rocketed 11.90% to $2.1090 a gallon on NYMEX, dragging the entire complex higher with them amid analyst talk about the increasing global importance of U.S.
  • Crude Oil Extends Monthly Low Ahead Of Inventories

    Crude Oil Extends Monthly Low Ahead Of Inventories

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    That's far more than the amount of oil production that has been interrupted. The US government, meanwhile, authorised the release of 400,000 barrels of sweet crude and 600,000 barrels of sour crude to Phillips 66's Lake Charles refinery.
  • Nearly 99 percent of demonetised currency is back: RBI

    Nearly 99 percent of demonetised currency is back: RBI

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    Overall currency circulation had come down by 20.2% at the end of March. A look at the data released by the RBI in its annual report on Wednesday gives a precise picture. A total of 7.62 lakh pieces of counterfeit currency notes detected in FY'17 as against 6.32 lakh in FY'16, RBI said. The four objectives were - detection of black money, elimination of fake currency, squeezing funds available for terror funding and promotion of digital transaction .