8 December 2025: 16:30 GMT
A pipeline leak and temporary shutdown of the 460 kb/d Iraqi West Qurna 2 field sent Brent flat price back up above $63 at lunchtime following the morning slump. Lukoil’s force majeure declaration didn’t lead to a halt in flows but a leaky pipeline is an insurmountable hurdle for the embattled field – it shouldn’t take too long to fix, though. But the market is very tired and quickly slipped back to under that point again, finally reaching the London close at $62.79/bbl.
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