Catalyst Business Energy Brokers - Brent North Sea crude oil hit a record high

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Catalyst Commercial Services Ltd is one of the UK's largest independent business energy broker companies. We offer a complete business consultancy service offering bespoke utilities solutions and strategies for the management of all of your electricity, gas, water, mobile and fixed line requirements. That's why we evaluate your business needs and work with you to find solutions that meet your immediate and future requirements. We can advise on your day-to-day requirements and consider how you can maximise efficiency whilst lowering overheads and ongoing costs. For your specific business requirements we regularly review your accounts and provide you with information about new products and services suitable for your type of business.

Brent North Sea crude oil hit a record high:
The price of Brent North Sea crude oil hit arecord high point of 78.64 dollars per barrel in electronic trading in London yesterday. Prices soared after British energy giant BP said late yesterday that it was shutting down the biggest oilfield in the United States due to a leak on an ageing Alaskan pipeline. Crude futures prices in New York had also surged in morning trading to over 76 dollars a barrel as oil markets reacted to the BP announcement, which is expected to affect about eight percent of US oil output. The price spike occurred as prices were already on the boil because of supply concerns in major producing countries Iran and Nigeria, violence in the Middle East and strong global demand. BP, based in Britain, said late Sunday that it had begun closing the Prudhoe Bay field after discovering a small pipeline spill in a move that will slash production by 400,000 barrels per day (bpd). The company said it will take several days to shut down the vast field. Prudhoe Bay accounts for about half of Alaska's total output and around eight percent of total production in the United States, according to the US Department of Energy. 8.8.06

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