Oil prices up after refinery explosion, fire :
Petroleum prices were reported up in early trading Feb. 19 on the New York market following an explosion and fire Feb. 18 at Dallas-based Alon USA Energy Inc.'s 70,000 b/d sour crude refinery in Big Spring, Tex.
Four workers were injured but no fatalities were reported. Company officials said the refinery likely would be offline for weeks. Alon USA was formed when Alon Israel Oil Co. Ltd.—the largest Israeli-based fuel company—purchased from Total SA about 1,700 FINA retail stations, a refinery, pipelines, and terminals in the US. That included an oil pipeline system of some 500 miles and a product pipeline and terminal network of 7 product pipelines totaling 840 miles and 6 product terminals.
Special note for Al Gore and the global warming crowd:
Natural gas is up 3% this morning as heating degree days (contributing to this week's withdrawal) were reported at 13% more than the forecast.
An increase in cold days? Hmmm.
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