(Bloomberg) — The Keystone crude pipeline, a vital artery transporting Canadian oil to markets in the US and overseas, is operating at about half of its capacity Wednesday after being halted for maintenance work.
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The line returned to service Tuesday night after being taken offline earlier in the same day, according to people with knowledge of the situation, who asked not to be identified. It’s currently transporting close to 300,000 barrels a day — about half of its capacity of nearly 600,000 barrels a day — the people said, citing data from Wood Mackenzie Ltd. Decreased power consumption was observed at the line Wednesday morning.
The disruption contributed to Canadian heavy crude’s discount in Alberta to the US benchmark West Texas Intermediate widening 85 cents to $20.60 a barrel, the first time it has exceeded $20 since February, data compiled by Bloomberg show.
The conduit takes oil from Canadian oil sands to refineries in the US Midwest and Gulf…
2023-10-04 15:02:49
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