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11

Oil Leak at BP Processing Facility

BP said today it will shut down 100,000 barrels of Alaskan oil production...

BP said today it will shut down 100,000 barrels of Alaskan oil production for a "few days" after discovering a leaky pipe at a processing facility.

Analysts said the temporary loss of output at the Prudhoe Bay oil field should not have a dramatic impact on world oil markets, but with supplies already tight and crude futures trading near $66 a barrel, any snag in the industry tends to make energy traders jittery.

BP said the leak was discovered Monday in a 12-inch pipe that collects water separated from the oil and gas it produces.
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