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Keystone Restart Remains Unclear, Supply Concerns Rise


Concerns over the pipeline outage's shrinking supplies at Cushing have been increasing as there has been not official statement on the return of the pipeline, according to Reuters.

  • If the outage lasts for more than 10 days, it could push Cushing, Oklahoma, storage levels to near the operational minimum of 20mn bbl, analysts said.
  • The affected segment of the line cannot resume operation until regulators approve a restart plan in its entirety, according to a US Department of Transportation document.
  • TC Energy said it had cleaned up almost 2,600 barrels of oil.
  • The company has been vacuuming oil from Mill Creek into trucks, and there are more than 300 people on-site now, TC said.
  • The company told officials in Washington County on Monday that it has not yet determined the cause and it started excavating around the pipeline.
  • Brent FEB 23 up 1.8% at 79.37$/bbl
  • WTI JAN 23 up 1.5% at 74.3$/bbl

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