Tweet
11 January 2011
Last updated at 15:36 ET
Oil prices have continued to rise as a main Alaskan pipeline remained all but closed for a fourth day, and Norway's Statoil was forced to shut two fields in the North Sea.
The Trans-Alaska Pipeline has now been closed since Saturday, after a spillage at one of its pump stations. It is expected to reopen later this week.
Statoil halted output at Snorre and Vigdis after a gas leak on Tuesday.
US crude oil was up $1.56 or 1.8% a barrel to $90.81.
This followed a rise of $1.22 or 1.4% on Monday.
Meanwhile, London's Brent crude was up $1.79 to $97.49 a barrel.
It is not yet known when Norway's Statoil will be able to resume production at the two oil and gas fields.
Since Saturday only 5% of typical output has flowed through the Trans-Alaska Pipeline.
The pipeline is important because it carries almost 12% of US crude output, typically 630,000 barrels per day.
Webmaster Forum | SEO Forum | Coding Forum | Graphics Forum</b>
The Trans-Alaska Pipeline has now been closed since Saturday, after a spillage at one of its pump stations. It is expected to reopen later this week.
Statoil halted output at Snorre and Vigdis after a gas leak on Tuesday.
US crude oil was up $1.56 or 1.8% a barrel to $90.81.
This followed a rise of $1.22 or 1.4% on Monday.
Meanwhile, London's Brent crude was up $1.79 to $97.49 a barrel.
It is not yet known when Norway's Statoil will be able to resume production at the two oil and gas fields.
Since Saturday only 5% of typical output has flowed through the Trans-Alaska Pipeline.
The pipeline is important because it carries almost 12% of US crude output, typically 630,000 barrels per day.
Webmaster Forum | SEO Forum | Coding Forum | Graphics Forum</b>