Oil – Reuters reported that oil declined despite fears that conflict in the Middle East may disrupt supply. Gains were suppressed in part due to the expected restart of TransCanada Corp.'s (TSX:TRP) Keystone pipeline.
Oil – The Globe and Mail reported that inclement weather is preventing TransCanada Corp. (TSX:TRP) from examining its Keystone pipeline, which it shut down on Wednesday following a "small anomaly" on the pipe. However, TransCanada still expects the pipeline to be out of commission for just three days.
Oil – Reuters reported that oil prices dropped as a result of increased United States jobless claims and improved supply. The news that TransCanada Corp. (TSX:TRP) has suspended activity at the Keystone pipeline briefly brought prices up, but the gain was not sustained.
Oil – Reuters reported that a "small anomaly" prompted TransCanada Corp. (TSX:TRP) to close down its Keystone pipeline, which transports crude oil from Alberta to the United States. No leaks have been found, but the pipe is not expected to be operational for another three days.
Oil – Reuters reports that a group of U.S. Senators raised questions about a proposed $7 billion pipeline to bring oil from Canadian oil sands. The market news is quoted as saying: The lawmakers, 10 Democrats and one independent, said the State Department needs to answer several key questions before deciding whether to approve TransCanada’s (TRP.TO) application [...]
Heavy Oil – Calgaryherald.com reports that pipeline outages in the United States cost Cenovus Energy about $50 million in lower cash flow.
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