Thursday, July 12, 2007

Oil Falls on Report BP Is Starting Unit at Refinery in Whiting, Indiana

(Bloomberg) -- Crude oil fell on a report BP Plc
will begin startup today of a unit at its Whiting, Indiana,
refinery, the biggest in the Midwest.

The 235,000 barrel-a-day crude unit, which was shut July 9
for unplanned maintenance after a crack was discovered on a
piece of equipment, is expected to be at full rates by next
week, a person familiar with the plant's status said. The
refinery can normally process more than 400,000 barrels of oil a
day. Prices were higher until gasoline plunged on the Whiting
headlines.


Read more at Bloomberg Energy News

No comments: