Oil prices have surged on hopes of a freeze in global production. But a more hidden factor is also fueling the price spike: terror attacks on oil facilities.
Sabotage to key oil pipelines have driven global supply outages to "elevated" levels estimated at more than 3 million barrels per day, according to the Royal Bank of Canada. For instance, last month a critical pipeline in Nigeria was bombed, taking around 250,000 barrels of crude offline until May...............................................Full Article: Source
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