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Oil Trims Weekly Advance as U.S. Refineries Remain Shut
http://www.businessweek.com/news/2012-11-01/oil-trades-near-two-week-high-on-unexpected-drop-in-stockpiles

Prices fell earlier as Phillips 66 and Hess Corp’s New Jersey refineries remained shut four days after Hurricane Sandy struck the East coast.

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Oil Falls on Speculation Sandy Shutdowns Will Bolster
http://www.bloomberg.com/news/2012-11-02/oil-falls-on-speculation-sandy-shutdowns-will-bolster.html

The resumption of operations at the Phillips 66 and Hess refineries, which have a combined capacity of 308,000 barrels a day, are contingent on post-storm assessments, according to the companies. Both were closed before Sandy hit and lost power after the storm made landfall Oct. 29 in southern New Jersey. Phillips reported flooding in low-lying areas at Linden and said Oct. 31 the refinery regained power.

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RPT-In hip Brooklyn, a fuel terminal padlocked as drivers steam
http://www.reuters.com/article/2012/11/02/storm-sandy-motiva-brooklyn-idUSL1E8M21RF20121102

* Without power, Motiva terminal can’t service gas stations

* Meantime, gasoline-starved New York drivers get angrier

* The region’s biggest refinery, IMTT in Bayonne, NJ, isn’t operating

By Edward McAllister

NEW YORK, Nov 1 (Reuters) - As drivers in Sandy-battered New York sit steaming in long lines to buy gasoline, a small fuel terminal on a remote road in a trendy Brooklyn neighborhood lies idle, gates padlocked - mute testimony to the root of the energy crisis now gripping the city.

Motiva’s plant in Greenpoint, Brooklyn, like so many fuel-receiving stations that dot the shores of New Jersey and the boroughs of New York City, has been closed since the superstorm struck, unable to receive or deliver fuel that could ease the growing squeeze on gasoline supplies.

Restoring operations to terminals in the New York-New Jersey region, which hold about 75 million barrels of oil storage capacity, will be vital to normalizing fuel supplies to the nation’s largest city. These outlets provide a crucial link in the city’s gasoline supply chain, storing fuel brought in by barges before it is trucked to gas stations.

At the Motiva station - without power and with its offices flooded - t he few workers on duty on Thursday were left scratching their heads about when it might be possible to receive fuel and ship it to desperate customers.

“We will not know how bad it is until the power is back on, and we don’t know when that will be,” said one worker, who asked not to be named.