Reply #92: BP had a refinery explosion in Indiana last year......

[Dover]

THIS SEEMS TO BE A REGULAR EVENT FOR BP. THIS STORY FROM LAST YEAR...

Explosion at BP refinery pushes oil to new record

Ashley Seager
Saturday August 14, 2004
The Guardian

Oil prices set yet another record yesterday following an explosion at a BP refinery in the United States and jitters ahead of a referendum this weekend in Venezuela.
US light crude futures broke through $46 a barrel while Brent futures bust the $43 a barrel mark, for the first time since they began trading in 1988.

A blast at BP's refinery in Indiana raised fears over disruption of petrol supplies to US markets.

It comes on top of worries about Iraqi supplies caused by fighting around Najaf and Russian supplies because of continuing problems at oil group Yukos.

The referendum in Venezuela this weekend is about the rule of President Hugo Chavez.

There have already been strikes in the country this year and oil markets fear further unrest around the referen dum. The country produces 2.6 m barrels per day of crude.

US crude rose 70 cents to set a peak of at $46.20, the highest in the 21-year history of the Nymex exchange, while Brent surged 89 cents to a record $43.18. Both crudes are up well over a third so far this year and by more than 20% since the end of June...cont'd

http://www.guardian.co.uk/venezuela/story/0,12716,1282929,00.html