EXTRACT: There was better news from Nigeria as Shell repaired a pipeline allowing 180,000 barrels a day of output to be restored, but this was tempered by more kidnappings by militants.
THE ARTICLE
By Chris Flood
Published: August 12 2006 03:00 | Last updated: August 12 2006 03:00
Energy markets experienced an extraordinary week after a pipeline leak led to the closure of the largest oilfield in North America, pushing Brent to a record $78.64 a barrel on Monday.
Investors had scarcely digested the implications of the loss of production from Prudhoe Bay in Alaska before the market was stunned by Thursday’s news that UK police had foiled a terrorist plot to blow up transatlantic passenger aircraft in mid-flight. Oil prices fell sharply on Thursday in a knee-jerk reaction, reflecting fears that demand for air travel could be hit, but they rebounded yesterday. read more
Like this:
Like Loading...
This website and sisters
royaldutchshellplc.com,
shellnazihistory.com,
royaldutchshell.website,
johndonovan.website, and
shellnews.net,
are owned by
John Donovan. There is also a
Wikipedia segment.