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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (58086)1/7/2000 10:55:00 AM
From: kormac  Read Replies (2) of 95453
 
2000-01-07 10:34:28 EST***

FIRE AT MOTIVA DELAWARE REFINERY KNOCKS OUT CRUDE UNIT
The list of refinery problems just seem to continue with news this
morning of a serious fire breaking out at Motiva's 170,000 b/d Delaware
City refinery.
The blaze, which broke out at approximately 4:30 a.m. EST, has been
contained according to a refinery spokesperson but has yet to be
extinguished.
The fire is centered at the plant's crude unit, and though it's too
early to access the damage, sources close to the refinery's operations
believe the crude unit will be down for at least a week.
There were no injuries reported.
The NYMEX initially seemed to be reacting to this news with Feb.
gasoline futures shooting over a penny in value. But at presstime, the
entire Merc is now showing losses on what market watchers are calling an
early bout of pre-weekend profit taking.


Seppo
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