Financial Times FT.com

The dramatic knock-on effects of BP’s Prudhoe shutdown

By Chris Flood

Published: August 14 2006 19:33 | Last updated: August 14 2006 19:33

When BP announced a shutdown of production at Prudhoe Bay oilfield in Alaska, the impact was not just felt in the oil market.

Shipping freight costs have since spiked higher, extending a dramatic surge from lows touched this year.

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