Financial Times FT.com

Refiners keep oil flowing by deferring maintenance

By Sheila McNulty in Houston

Published: September 19 2005 03:00 | Last updated: September 19 2005 03:00

US refiners are putting off scheduled maintenance to their plants in response to a White House call to maximise petrol and diesel production following Hurricane Katrina. The move has raised concerns about long-term risks among analysts, energy executives and safety officials.

The Energy Department told refiners informally that they should boost production after the storm severely damaged oil and gas facilities in the Gulf of Mexico, sending petrol prices rocketing to record highs. Although the refiners say no formal request has been made, they admit that the White House made its position known. Several US refiners have since said they would cut back on maintenance.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this