4 members / 433 guests (24 hours)

An Interesting IDB update! And how IDB got even faster.  IDB is fast, reliable, and FREE to use. Just join and start posting!

Europe’s Biggest Oil Refinery Shut Down After Fire

Europe’s Biggest Oil Refinery Shut Down After Fire


financialsense.com / OIL PRICE / 07/31/2017

Shell’s Pernis refinery in Rotterdam, the biggest in Europe, has been partially shut down after a short circuit caused a major fire on Sunday. Deutsche Welle quoted a Shell spokesman as saying there were no casualties. The company is currently assessing the damage to establish when the refinery will be brought back online.

Reuters quoted a company statement to traders from Sunday as saying all loadings of fuels from the 404,000-bpd Pernis facility have been suspended immediately and they were likely to remain suspended today as well. The shutdown of the refinery should push up the prices of gasoline, diesel, and jet fuel in northwestern Europe.

READ MORE