Thursday, August 5, 2010

20100805 1241 Latest News on China port closed.

REUTERS BREAKS NEWS ON CHINA CLOSED MAJOR PORT FOR OIL, ORE AND GRAIN AFTER PIPELINE BLAST SPILLED OIL INTO SEA
Reuters energy reporter Chen Aizhu was first in revealing that  China`s major port Dalian was forced to close after a crude oil pipeline explosion and subsequent oil spill, forcing state oil giant PetroChina to cut refinery production and divert oil shipments. The reports were picked up  by Bloomberg the same day and matched by Dow Jones only a day later. Dalian is China`s No.2 oil port --a crude oil supply hub for two major PetroChina refineries and a leading export point for refined fuel.

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