UPDATE 1-TransCanada's Keystone pipeline shut after 5,000-barrel leak in U.S.

Published 2017-11-16, 04:09 p/m
© Reuters.  UPDATE 1-TransCanada's Keystone pipeline shut after 5,000-barrel leak in U.S.
TRP
-

CALGARY, Alberta, Nov 16 (Reuters) - TransCanada Corp TRP.TO has shut part of its Keystone pipeline after 5,000 barrels of oil leaked in Amherst, South Dakota, the company said on Thursday, four days before the state of Nebraska was due to decide on an expansion of the system.

The pipeline from Hardisty, Alberta, to Cushing, Oklahoma, and to Wood River and Patoka in Illinois, has been shut, while the southern leg of the system to the Gulf Coast remains operational, the company said.

TransCanada has not given a reason for the incident, which occurred days before the Nebraska Public Service Commission was due to announce a decision on Keystone XL, a 830,000-barrel expansion through the state.

TransCanada said in a statement it discovered the leak 6 a.m. on Thursday after systems detected a drop in pressure, and that it was working with the authorities as it investigates.

Western Canada Select heavy blend crude for December delivery was trading at $14.50 below the West Texas Intermediate benchmark at late afternoon on Thursday, down slightly from $14.20 the day before.

Latest comments

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.