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BP may cut oil supply to Caribbean refinery if it stays idle - sources

From reuters.com

BP and EIG declined comment. Arclight could not be reached for comment. In recent weeks, Limetree experienced problems trying to restart the crude unit, according to one of the people familiar with the matter. That followed a series of delays due to corrosion uncovered during renovations. With the problems the refinery is having, it is less attractive for BP to remain invested, according to sources familiar with the plant. The oil major is in the midst of a global overhaul of its operations, with plans to boost renewable investments and cut fossil fuel development, which also now makes this investment less ... (full story)

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  • Category: Fundamental Analysis