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Free AccessCanada's Keystone Pipeline Declares Force Majuere
Canada’s 622,000 bpd Keystone oil pipeline is set to slow volumes due to recent severe weather events which have impacted system facilities.
- The company said they informed customers on Monday of the force majeure. Keystone ships Canadian crude from Alberta to the U.S. Midwest and on to the Gulf Coast.
- "The notices informed customers that effective as of Nov. 15, the Keystone System will be required to curtail volumes due to the time the system was slowed during the force majeure event," TC said in a statement.
- Reuters sources placed the reduction in volumes at 7% so far. It is not clear how long the reduction will last for.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.