Explosion on Turkeys main pipeline19 Jan 2022 08:09
There has been an explosion on the Kirkuk - Ceyhan pipeline which carries 500,000 barrels of crude oil pd to Turkey. The fire is out and the cause unknown but it has been attacked countless times in the past.
Once again the Houthi attack on Abu Dhabi has not really affected the oil price too much and any gains will probably be short lived. If however they can prove what we already know that Iran is behind the drone attack then there could be reprisals and things could go sideways very quickly.
Shell say Cambo is not economically viable and it’s thought if they can’t, or won’t bring it in then no one else will be able to. This will make it difficult for Shell to sell their 30% share in the Cambo oil field. I believe Shetland is a good spot for wind.