TC Energy's troubles mount as Keystone spill remains unexplained after five days via financialpost
TC Energy has been extremely vaguePrices for Canada’s heavy sour blend of crude oil have been softening for the past six months due to a shortage of refining capacity and a surplus of sour crude on the market — thanks in part to the Biden administration’s large release of mostly sour barrels from the U.S. Strategic Petroleum Reserve in a bid to curb high fuel prices.
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.The halt to flows on the pipeline, which typically transports more than 600,000 barrels per day of crude oil between Hardisty, Alta. and refineries in the U.S.
Experts have compared the latest incident to Keystone’s spill in the fall of 2019, which was smaller in size and still resulted in the pipeline being shut down for nearly two weeks, prompting a massive surge in crude inventories in Western Canada.Article content
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