Investing.com - Financial Markets Worldwide
👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Magellan says to shut part of Texas refined products line for 2-4 weeks

Published 2016-06-03, 04:33 p/m
© Reuters. Magellan says to shut part of Texas refined products line for 2-4 weeks

HOUSTON, June 3 (Reuters) - Magellan Midstream Partners
MMP.N expects a 200-mile long stretch of its Magellan South
refined products pipeline system that runs from East Houston to
Frost, Texas, to be shut for two to four weeks, a company
spokesman said on Friday.
During the outage, Magellan says it will provide 40 to 50
percent of its historical delivery volumes into the central and
west Texas markets via alternative methods, including trucking,
the spokesman said.
The midstream operator is developing plans to replace a
smaller section of the pipeline that carries gasoline and diesel
after it was damaged by flooding.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.