Natural resources
October 31, 2006
Need to Know
BP had a “checkbook mentality” towards safety and was aware of maintenance backlogs and unsafe equipment at Texas City years before the fire that killed 15 workers in 2005, said US safety officials.
US crude oil futures fell more than $2, dropping under $59 a barrel, as concerns eased about a threat to Saudi Arabia infrastructure. Industry sources also pointed to a report of slower China demand growth and fund selling.
Shell said it returned to service the smaller of two crude units at its joint-venture refinery in Deer Park, Texas, as scheduled. The unit, which can process 70,000 barrels per day of crude oil, was shut down for 21 days of planned work.
http://business.timesonline.co.uk/article/0,,9072-902468.html
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