(Bloomberg) -- The Brent crude oil premium to West
Texas Intermediate rose to the highest in a month after a report
that BP Plc was shutting down the largest of three crude units at
its Whiting, Indiana, refinery, the biggest in the U.S. Midwest.
The Brent premium is also supported by planned field
maintenance and reports of output disruption in the North Sea.
The U.S.'s Apache Corp. will idle two of its North Sea oil
platforms for routine maintenance starting Aug. 10, while
ConocoPhillips has stopped oil exports from its J-Block field
because of the closure of the CATS gas pipeline in the area.
Read more at Bloomberg Energy News
Texas Intermediate rose to the highest in a month after a report
that BP Plc was shutting down the largest of three crude units at
its Whiting, Indiana, refinery, the biggest in the U.S. Midwest.
The Brent premium is also supported by planned field
maintenance and reports of output disruption in the North Sea.
The U.S.'s Apache Corp. will idle two of its North Sea oil
platforms for routine maintenance starting Aug. 10, while
ConocoPhillips has stopped oil exports from its J-Block field
because of the closure of the CATS gas pipeline in the area.
Read more at Bloomberg Energy News
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