Some of the largest oil refineries in Texas could take weeks to restart as they would need to repair the damages from the big Texas freeze, Bloomberg reports , citing sources with knowledge of the situation. The Baytown and Beaumont refineries of ExxonMobil, Marathon Petroleum’s Galveston Refinery in Texas City, and the Port Arthur refinery operated by Total are expected to be down for at least several weeks as the winter storm caused damage to the facilities. Those four refineries have a combined refining capacity of 1.76 million barrels per day (bpd) – Marathon’s refinery has a 585,000-bpd capacity, Exxon’s Baytown refinery can process 580,500 bpd, and its Beaumont refinery has a 369,000-bpd capacity. Total’s Port Arthur facility has a capacity of 225,500 bpd. Weeks of shut refineries in the Gulf Coast will tighten gasoline supply in the U.S. and lead to hikes in gasoline prices, which are already […]