Oil hits $109/bbl as photos show major damage to Saudi pipeline

Fears of a global energy shortage are rising amid new revelations about damage inflicted last week on a key oil pipeline in Saudi Arabia. According to a Monday report in The Associated Press, Saudi Arabia’s East-West Pipeline, which is used to transport oil to the Red Sea, will be shut down for weeks after being hit last Thursday by a […] The post Oil hits $109/bbl as photos show major damage to Saudi pipeline appeared first on Asia Times.

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