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Keystone Restart Unclear

OIL

Canada's TC Energy has not determined the cause of the Keystone oil pipeline leak last week in the US they said Sunday. They also did not give a timeline as to when the pipeline will resume operation.

  • "Our teams continue to actively investigate the cause of the incident. We have not confirmed a timeline for re-start and will only resume service when it is safe to do so, and with the approval of the regulator," TC Energy said.
  • Keystone's shutdown will hamper deliveries of Canadian crude both to the US storage hub in Cushing, Oklahoma and Gulf refiners.

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