|
BP shuts down a quarter of its Alaskan oil production |
| Home | (The Associated Press) - WASHINGTON: BP's Alaskan oil output is cut 25% by shutdown BP said Tuesday it would shut down one-quarter of its Alaskan oil production, or 100,000 barrels a day, for a "few days" after discovering a water pipeline leak. 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, any snag in the industry tends to make energy traders jittery. Still, oil for June delivery was down 71 cents at $65.56 barrel in early afternoon trading on the New York Mercantile Exchange. |