BP Pipeline Leak Closes Down Biggest U.S. Oilfield

In a move that cuts 8% of U.S. oil output and sent oil prices sharply higher on Aug. 8 BP has begun shutting down the biggest U.S .oilfield due to a pipeline leak. BP said late Aug. 6 it had begun shutting down the Prudhoe Bay oil field in Alaska after discovering severe corrosion on a pipeline and a small spill.

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