Shell To Restart Major Oil Refinery

Shell is set to restart its 325,700-bpd Deer Park refinery in Texas, after shutting it down for three weeks during and after Hurricane Harvey’s sweep of the U.S. Gulf Coast. By noon on Sunday, the refinery’s biggest crude oil distillation unit, with a capacity of 270,000 bpd, was up and running again. The rest of the units are being restarted currently.

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Landmark Fed meeting highlights economic news

A historic Federal Reserve meeting highlights this week’s economic news. While the Fed isn’t expected to raise interest rates, Fed officials have indicated they’ll announce that they’ll begin to shrink the bloated asset portfolio the central bank has built since the Great Recession.  That move will slowly push up long-term interest rates. Reports on housing starts and existing home sales will also be released.

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