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The Telegraph

Unite warns North Sea strike could shut Forties pipeline and disrupt 29% of UK oil supply

AI Market Summary
Unite's strike threat at Apache's Forties and Beryl fields raises the risk of an outage in the Forties Pipeline System, a key conduit for UK North Sea output. With diesel prices already at record highs and broader supply anxiety elevated, a disruption would tighten near-term North Sea crude and gas availability and likely lift regional risk premia across energy markets, spilling into UK inflation sensitivity and energy-linked equities.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT-3.57%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Britain’s Unite union said around 160 Apache workers are preparing to strike over pay, a move it warned could shut the Forties pipeline. Unite said a shutdown could disrupt 29% of the UK’s oil supply and 30% of gas supplies. Average diesel prices hit a record high of £2 a litre last week. Apache’s parent company, APA Corporation, reported £1.3bn in profit in 2025.
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