Shell's 418,000 bpd Pernis plant in Rotterdam has been forced to scale back operations due to a utility failure. This is Europe's largest refinery and a key supplier to both export and European markets. Will this reduction in supply drive oil prices higher at a time when crude prices were near a three month high? U.S. light crude stood at US$62.90 and London Brent crude futures were at US$61.50.
This is the second time in six months that the refinery has had to cut production after utility problems. Pernis lost external power supplies in July, forcing the entire refinery to shut down, taking several weeks to restart.
06-Jan-06 
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