Iraq Fighting Spills Oil
Categories: News Middle East, News World
Above: The Mahdi Army has taken control of Basra.
Crude oil prices rose to $107.58 a barrel (up 1.68) in New York, after a pipeline explosion in Iraq cut one of the main supplies to the country’s main oil export terminal. The Zubair-1 pipeline is one of two that transport oil to the Basra terminal.
Although the [...]
Above: The Mahdi Army has taken control of Basra. Crude oil prices rose to $107.58 a barrel (up 1.68) in New York, after a pipeline explosion in Iraq cut one of the main supplies to the country's main oil export terminal. The Zubair-1 pipeline is one of two that transport oil to the Basra terminal. Although the Iraqi oil ministry is still not certain as to what caused the explosion, they pretty much have a concrete idea. The ongoing clashes in the area between ... Read More
