This Week in Energy – 18th January 2013
This week, all eyes are on BP (NYSE: BP) in Algeria, and a massive hostage crisis that has sent panic through the markets and led to a rise in oil prices. The beginning of this week saw Islamic extremists under fire from a French offensive in Mali attack a gas field in the Algerian Sahara desert and take over 600 hostages from 10 different countries. The Algerian Special Forces launched a two-day operation to free the hostages on Wednesday and Thursday. The militants themselves freed around 600 local workers before the Algerian stormed the scene…
