BP Shares Sliding On News Massive Alaskan Pipeline Is Leaking

Trans Alaska Pipeline

The Trans-Alaska pipeline, carrying 15% of the United States’ oil produced, is leaking and has been closed, according to The Guardian.

The pipeline comes from Alaska’s Prudhoe Bay and carries oil produced by BP.

95% of BP’s oil production at the associated North Slope location has been shut down as a result.

BP shares are down 2.15% in London trading this morning.

Crude oil prices spiked overnight, but are now sliding down.

Chart

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.


Tagged In

bp moneygame-us oil