Kicking up a storm in the stock market

SINGAPORE (Sept 8): When Hurricane Harvey began smashing its way across the US state of Texas on Aug 25, it was not a particularly big business story in the local market.

Within a few days, however, as pictures of massive flooding and widespread damage to property in Texas began emerging, and as the Republic of Singapore Air Force offered to deploy four Chinook helicopters in relief operations, it became clear that a slow-burn market event was unfolding.

Now, market watchers are getting to grips with the fallout from Hurricane Harvey for the global oil and petrochemical supply chains.

---

Related Stories

• Hiap Tong wins 5-year contract from ExxonMobil for lifting services
• Briefs: Shell loses climate case; Sembcorp Industries aims for net zero emissions by 2050
• Exxon Mobil to cut about 300 jobs in Singapore as big oil retrenches

---