The Trans Alaska Pipeline shut down on Saturday after a leak was discovered at the intake pump station at Prudhoe Bay, constricting supply in one of the US’ key oil arteries. Alyeska Pipeline Service Co., the operator of the 800 mile line which runs from the Prudhoe Bay oilfield to the tanker port of Valdez, said the leak was discovered Saturday morning. Oil producers are in the process of cutting output to 5% of the normal rate of around 630K barrels per day. – Reuters
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