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Oil and gas prices climb

Oil prices climb as attacks, pipeline outage deepen Saudi supply concerns

By Anushree Mukherjee Sept 15 (Reuters) - Oil prices rose on Tuesday after attacks on Saudi Arabian energy infrastructure left the kingdom's East-West Pipeline offline, raising fears that damage to energy infrastructure and transport routes could take longer to repair.

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Oil and gas prices climb after Saudi Arabia closes key pipeline

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The temporary shutdown of the Saudi conduit illustrates fossil-fuel insecurity perfectly.

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Oil’s safety net is fraying as Saudi Arabia races to restart a key pipeline

Analysts warn oil prices could rally sharply if the pipeline remains offline beyond an estimated five-to-seven-day inventory cushion.

ABC News

What does the closure of Saudi-Arabia's East-West pipeline mean for gas prices?

The average price of a gallon of gas could rise between 25 cents and 50 cents over the coming weeks as a result of the pipeline closure, Krishnamoorti said. If the pipeline remains closed for a matter of months, he added, U.S. gasoline prices could rise above $5 a gallon.

6hon MSN

Oil prices rise as traders gauge lost Saudi Arabian volumes after pipeline attack

Oil prices continued to rise early Tuesday after the attack on Saudi Arabia’s East-West pipeline.