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Statoil (STO) says it is preparing to shut down production on the Norwegian continental shelf at...

Statoil (STO) says it is preparing to shut down production on the Norwegian continental shelf at midnight after strike negotiations broke down Sunday. An anticipated lockout would affect all of the ~50 companies with production in the area, including Total (TOT), ConocoPhillips (COP), Royal Dutch Shell (RDS.A, RDS.B) and BP. NY crude +0.4% to $84.81; Brent crude +0.5% to $98.65.
Comments (2)
  • yraffoul1
    , contributor
    Comment (1) | Send Message
     
    How come oil is not reacting to this news.
    9 Jul 2012, 09:34 AM Reply Like
  • Goeleven
    , contributor
    Comments (629) | Send Message
     
    To day Sto Stopped working!
    9 Jul 2012, 06:10 PM Reply Like
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