real-time news and commentary for investors
Friday, Sep 27
Strike vote raises fears of North Sea oil disruption
- Workers at the 210K bbl/day oil refinery in Grangemouth, Scotland, vote to strike, raising fears of disruption to North Sea oil supplies that could drive up Brent crude prices.
- Steam from the refinery, owned by PetroIneos, powers BP's adjoining Kinneil terminal, which receives oil from a pipeline carrying North Sea Forties, one of the four crudes that underpins the Brent oil benchmark.
- ETFs: BNO, UOIL, DOIL.