The oil after a pipeline explosion in Libya is updating the price highs for 2.5 years

© AP Photo / Jae C. Nadovich oil. Archival photoThe oil after a pipeline explosion in Libya is updating the price highs for 2.5 years© AP Photo / Jae C. Hong

Oil Tuesday highs from June 2015, according to the auction.

As at 22.51 GMT, the March futures on North sea Brent has grown on 2,55% — to 66.38 per barrel. The price of February futures on WTI increased by 2.41% — to 59.88 per barrel. Previously, the oil of this brand broke the mark of 60 dollars per barrel.

On Tuesday afternoon an explosion occurred on the pipeline in Libya, located between the port of es-Sidra and field Marda. According to the source RIA Novosti, the attack carried out by militants from the «defense Brigades of Benghazi» (branch of the terrorist group «al-Qaeda»* banned in Russia).

The Libyan national oil company (National Oil Corp., NOC) announced that the company Al-Waha, which owns the pipeline, has changed the transit route of the fuel. NOC expects to reduce production in the country by 70-100 thousand barrels per day.

Specialists Al-Waha arrived at the scene of the explosion for elimination of consequences. The destroyed section of pipeline is isolated. NOC continues to investigate the cause of the explosion.

* A terrorist group banned in Russia.

Source

Be the first to comment on "The oil after a pipeline explosion in Libya is updating the price highs for 2.5 years"

Leave a comment

Your email address will not be published.


*