Oil risks further surge in price after pipeline damage, experts warn

Oil risks further surge in price after pipeline damage, experts warn

Storm-caused damage to the equipment has forced the Caspian Pipeline Consortium to partially cease operations The Caspian Pipeline Consortium (CPC) – one of the world’s key pipelines – was forced to suspend the operation of one of the remote mooring devices at its Marine Terminal near Novorossiysk due to “critical” storm-caused damage to the equipment.…

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