• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 3 hours Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 4 hours Tesla Launches Faster Third Generation Supercharger
  • 6 hours Passerby doused with flammable liquid and set on fire by peaceful protesters
  • 1 hour EU has already lost the Trump vs. EU Trade War
  • 8 hours Who writes this stuff? "Crude Prices Swing Between Gains, Losses"
  • 3 hours China's Renewables Boom Hits the Wall
  • 20 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 14 hours Climate Change Consensus Shifts in Wind, But Gas Is Still the Right Move
  • 21 hours Atty General Barr likely subpeona so called whistleblower and "leaker" Eric Ciaramella
  • 19 hours Does .001 of Atmosphere Control Earth's Climate?!
  • 20 mins ''Err ... but Trump ...?'' #Humph
  • 19 hours Trump Interview On Farage's Radio Show #classy
The Science Behind Detecting A Wormhole

The Science Behind Detecting A Wormhole

Wormholes have always fascinated humans,…

Saudi Arabia’s Newest Tactic To Hush Dissidents

Saudi Arabia’s Newest Tactic To Hush Dissidents

Just one week after Twitter…

Oil Spill Investigation Shutters Major North American Pipeline

Oil Spill

The Keystone pipeline was shuttered on Tuesday, TC Energy Corp - formerly TransCanada - said on Wednesday, while it works to investigate a potential oil spill in the state of North Dakota.

The pipeline, which runs from Canada through seven US states bringing tar sands oil to the US, will remain shuttered until the leak has been investigated. Customers have been notified of the disruption.

The Keystone oil pipeline was shuttered in February as well, that time in Missouri.

The pipeline disruption comes on the same day as a hearing in Montana about the environmental review of the $8 billion Keystone XL pipeline—another proposed segment of the Keystone pipeline system. The Keystone XL pipeline is a critical piece of Canada’s oil industry that has struggled with takeaway capacity to bring oil from western Canada to Gulf Coast markets.

The leak will no doubt fuel further opposition to the expansion project, adding to a string of leaks that the pipeline has suffered since 2010, including three major leaks in North Dakota and South Dakota.

The expansion plan has been riddled with delays and work stoppages in response to vehement opposition. Just as vehement, however, is Canada’s oil industry which needs the XL portion of the pipeline.

Related: Is Saudi Arabia's Vision 2030 Doomed To Fail?

The Keystone XL was handed a victory, however, in August, when it received a go-ahead by a Nebraska court which approved the pipeline’s alternate route after the original route was opposed. The next hurdle that the pipeline was to face was today’s Montana hearing.

Canada has endured low WCS prices as a result of its takeaway capacity shortage, as the benchmark fell against WTI. The drop in price for the Canadian blend eventually led to mandatory production quotas in Canada, but not before the WCS to WTI spread rose to new highs.

By Julianne Geiger for OilPrice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play