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via seekingalpha.comMarkets

Apache strike from October 21 could disrupt the UK Forties pipeline, union says

FROM THE WIRE · SEEKINGALPHA.COM

[Silhouette oil rig] TebNad/iStock via Getty Images More than 160 offshore workers employed by APA Corp.'s (APA [https://seekingalpha.com/symbol/APA]) Apache subsidiary in the U.K. North Sea are set to launch a 24-hour ​strike…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA possible Forties outage affects the North Sea crude benchmark and could support prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01More than 160 offshore Apache workers in the UK are set to strike for 24 hours.
  2. 02Union Unite warns the strike could severely disrupt UK fuel supplies.
  3. 03The Forties system carries crude that forms part of the North Sea pricing benchmark.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
APA CorporationAPAStock49.45 USD+0.40%today +0.60%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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