14 March 2011 06:24 [Source: ICIS news]
SINGAPORE (ICIS)--Crude futures fell sharply on Monday, with ICE Brent tumbling more than $2/bbl at one stage, amid concerns over the impact of 11 March’s devastating earthquake and tsunami on ?xml:namespace>
At 05:52 hours GMT, April Brent on
April NYMEX light-sweet crude futures were trading at $99.66/bbl, down by $1.50/bbl from the previous close, after previously declining to an intra-day low of $99.18/bbl.
The 9.0 magnitude earthquake and tsunami hit northeast
Four refineries were shut down in
JX Nippon Oil and Energy shut down the
A fire was still burning at storage tanks and shipping facilities at JX Nippon Oil and Energy’s 145,000 bbl/day
Both the 189,000 bbl/day Kashima and the 270,000 bbl/day Negishi refineries remained shut down and it was unclear when they will restart, a JX Energy official added.
A fire in storage tanks at Cosmo Oil’s 220,000 bbl/day refinery in
Worries over unrest in the Middle East eased after the somewhat limited public response to the planned “Day of Rage” in
Forces loyal to Libyan leader Muammar Gaddafi appeared to have gained ground against rebel forces overt the weekend capturing the key oil terminal port and refining centre of Ras Lanuf on Saturday and taking Brega, another oil terminal port, on Sunday.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|