« Drivers cut back — a 1st in 26 years | Main | Tarbox taking over Anderson Chrysler Jeep in Attleboro »

BP Shuts 100,000 Barrels of Alaska Oil

BP said it will shut down 100,000 barrels, or one quarter, of its Alaskan oil production for a "few days" after discovering a water pipeline leak, the Associated Press reports.
Analysts said the temporary loss of output at Prudhoe Bay should not have a dramatic impact on world oil markets, but with supplies already tight and crude futures trading near $66 a barrel, any snag in the industry tends to make energy traders jittery.
Light sweet crude for June delivery fell 32 cents to $65.95 a barrel on the New York Mercantile Exchange.

Posted by   at 11:02 AM to Oil | Permalink

Comments

Post a comment

Please be civil. Vicious comments, personal attacks and profanity won't be published.

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: (you may use HTML tags for style)