Investing.com - Financial Markets Worldwide

TransCanada cuts Keystone crude flows for remainder of June - notice

Published 2016-06-22, 07:16 p/m
© Reuters. TransCanada cuts Keystone crude flows for remainder of June - notice
TRP
-

HOUSTON, June 22 (Reuters) - TransCanada Corp TRP.TO on
Wednesday cut its forecast for crude flows on its 590,000 barrel
per day (bpd) Keystone Pipeline from Hardisty, Alberta to
Patoka, Illinois and Cushing, Oklahoma for the remainder of
June, according to a shipper notice seen by Reuters.
Flows on the pipeline will average 396,140 barrels per day
from June 22 until the end of the month, according to the
notice, a 7 percent decline from where the operator had forecast
monthly flows around the start of June.
The cut comes as producers in Canada are scrambling to
restore production after a massive wildfire knocked more than 1
million barrels per day of oil production offline last month.
A June 7 shipper notice had forecast flows on the pipeline
to average 425,963 bpd through the end of June.
TransCanada anticipates 49 percent of the Keystone volume to
flow to the Hartford/Patoka hub, and the remainder to ship to
Cushing, according to the latest notice.
A spokesman for the company did not immediately respond to a
request for comment.

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.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.