Apr 26, 2008

The Brent exceeded 117 dollars a barrel


New record oil prices, above $ 117 a barrel of Brent
The price of Brent North Sea has reached Friday for the first time 117 dollars a barrel. A strike planned Sunday in Scotland posing threats to production in the North Sea.

The Brent exceeded 117 dollars a barrel
The Brent exceeded 117 dollars a barrel
The price of Brent North Sea has exceeded Friday for the first time 117 dollars a barrel, climbing to unprecedented price of $ 177.51. Oil prices have also grimpés above 119 dollars a barrel in New York at 119.10 dollars, without exceeding their record of $ 119.90 set on Tuesday.

The British Secretary of State for Energy, Malcolm Wicks, admitted that the strike of a refinery Scottish scheduled Sunday could affect the timely distribution of fuel. He said that oil reserves were sufficient, but that the main problem was to deliver to distributors.

Nevertheless, investors s'inquiétent threats on the supply of prétrole in the North Sea, as well as possible violence in the Gulf. Beyond the risks of spot shortages in some fuel stations, closure of the refinery at Grangemouth, Scotland, could affect the operation of the terminal neighbouring Kinneil, controlled by the group BP and its energy supplies. This could lead, therefore, the closure of the Forties pipeline.

The British oil giant BP said Friday that the Forties pipeline, which carries a large portion of oil from the North Sea (700,000 barrels per day) was still running, and no decision about its possible closure had been taken, even though it stood ready to do so if the situation required.

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