Oil Spikes To Fresh 7-Year High After Key Iraq-Turkey Pipeline Explosion

0
314
Despite dollar strength today (and more worrisome ZeroCOVID actions from China), oil prices continued to rise but news after-hours that an explosion knocked out a major pipeline sparked more upside. OIL MARKET: Iraq-Turkey oil pipeline halted after explosion and fire, says a Turkish state-owned operator Botas. The line usually carries >450kb/d from northern Iraq into the Mediterranean port of Ceyhan | #OOTT Botas statement: https://t.co/kmwppy0yWJpic.twitter.com/GCOZFxb2rF — Javier Blas (@JavierBlas) January 18, 2022 Little is known about the cause,

This content is restricted to site members. If you are an existing user, please log in. New users may register below.

Existing Users Log In
   
New User Registration
*Required field