Minor fire at Tx refinery drives up crude price; blaze out
06 August 2004 15:10 [Source: ICIS news]
HOUSTON (CNI)--West Texas Intermediate reached $44.77/bbl Friday - a new record - following reports of a flash fire at BP’s
A minor fire at BP’s
Said Brian McIntyre, a petroleum analyst at ICIS-LOR, the global petrochemical pricing and market intelligence service: “Crude spiked on the news of the refinery fire but then the anxiety faded when people realized it was only a minor incident.”
Bill Stephens, a spokesman with BP in
He added: “There was no impact on supply, no impact on the community, no injuries, and no damage. It was a very minor thing.”
ICIS-LOR is part of Reed Business Information (RBI), publisher of CNI.
By: Mike Sheridan
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