The Energy Industry Keeps Taking Hits. Analysts Are Bracing For Higher Costs For Longer.

Source: International Business Times

Damage to Saudi Arabia's East-West pipeline, a key alternative route for transporting crude oil around the Strait, has raised concerns that fuel markets could face prolonged pressure. Mario Tama/Getty Images The global energy market is facing a new shock as analysts warn that gasoline and diesel prices could rise sharply in the coming days following damage to critical Saudi oil infrastructure and continued disruptions linked to the U. S.