Traders expressed worry on Monday about how long Canada's TC Energy Corp's cleanup efforts would take in order to restart its Keystone oil pipeline after more than 14,000 barrels of oil leaked last week, the largest U.S. crude oil spill in nearly a decade.
A satellite image shows an overview of the crude oil spill along Mill Creek following the leak at the Keystone pipeline operated by TC Energy, in Washington County, Kansas, U.S. December 10, 2022. Satellite image 2022 Maxar Technologies/Handout via REUTERSNEW YORK, Dec 12 - Traders expressed worry on Monday about how long Canada's TC Energy Corp's
TC Energy and the county officials met briefly Monday to discuss efforts to contain and clean up the spill, a company official said. The meeting was "uneventful," lasting 13 minutes, said Dan Thalmann, owner of the Washington County News. "For the most part, there is concern in the trading community is not up yet," a U.S.-based dealer said.
Concerns over the pipeline outage shrinking supplies at Cushing, also the delivery point for West Texas Intermediate crude futures , helpedPrices for sour crude grades in the U.S. Gulf of Mexico were strengthening on Monday, as the shutdown means more demand for heavier Gulf barrels. Differentials at Magellan at East Houston and WTI Midland crude were weakening, keeping levels at Cushing stronger and exports weaker, one trader said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kansas oil spill is Keystone pipeline's biggest ever, according to federal dataA ruptured pipeline northwest of Kansas City dumped about 588,000 gallons of oil into a creek running through rural pastureland, throwing operator TC Energy's federal permit into question.
Read more »
Kansas cleans up from record Keystone Pipeline spillA ruptured connection in the Keystone pipeline Wednesday leaked 14,000 barrels of oil into a creek in rural Washington County, 175 miles northwest of Kansas City, operator TC Energy said.
Read more »
Federal data: Kansas oil spill biggest in Keystone historyTOPEKA, Kan. (AP) — A ruptured pipe dumped enough oil this week into a northeastern Kansas creek to nearly fill an Olympic-sized swimming pool, becoming the largest onshore crude pipeline spill in nine years and surpassing all the previous ones on the same pipeline system combined, according to federal data.
Read more »
Oil spill in rural Kansas creek shuts down Keystone pipelineThe spill briefly caused oil prices to rise Thursday.
Read more »
TC Energy says has not found cause of Keystone oil pipeline leakCanada's TC Energy said on Sunday it has not yet determined the cause of the Keystone oil pipeline leak last week in the United States, while also not giving a timeline as to when the pipeline will resume operation.
Read more »
Federal data: Kansas oil spill biggest in Keystone historyFederal data shows a spill from the Keystone pipeline this week dumped enough oil to fill an Olympic-sized swimming pool into a northeastern Kansas creek.
Read more »