Alaska oil pipeline resumes flow at reduced rates
Investing News Network - January 12th, 2011
Reuters reports that Alaska’s key oil pipeline has resumed shipments and was pumping 400,000 barrels per day.
Reuters reports that Alaska’s key oil pipeline has resumed shipments and was pumping 400,000 barrels per day.
The market news is quoted as saying:
The pipeline was brought back into operation on a temporary basis late Tuesday to prevent its oil and water contents from freezing as temperatures in Alaska dropped.