Keystone oil spill into Kansas creek is largest in pipeline's history

On Thursday, for example, the differential between Western Canada Select and the U.S. benchmark West Texas Intermediate was about US$29 per barrel .Article content

“If this lasts a long time, and you begin to have egress constraints again, that starts nudging the differential open,” said Rory Johnston, an oil markets analyst and founder of the Commodity Context newsletter.Article content There have been a handful of spills along the pipeline’s route in recent years, the most significant of which were in November 2017 and October 2019.

However, the 2017 spill also came at a time when Canada had significantly less pipeline space. The addition of Enbridge’s Line 3 replacement project, which came online in 2021, has added significant capacity.“Because don’t know how long is going to be shut, it’s pretty mild,” Muralidharan said, adding the price of WTI jumped immediately after news of the spill broke but has since settled.

Wednesday’s spill has also provided ammunition for environmental activists south of the border. In a statement, Catherine Collentine of the Sierra Club referred to a “toxic” spill from the Keystone pipeline and used the negative term “tar sands” to describe Canada’s oil-producing region of northern Alberta.

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TC Energy shuts Keystone pipeline after oil spill into Kansas creekCanada's TC Energy said on Thursday it had shut its Keystone pipeline, crimping the flow of Canadian oil to U.S. refineries after a spill into a Kansas creek, and it was unclear how long the closure would last.
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Oil spill in rural Kansas creek shuts down Keystone pipelineTOPEKA, Kan. (AP) — An oil spill in a creek in northeastern Kansas shut down a major pipeline that carries oil from Canada to the Texas Gulf Coast, briefly causing oil prices to rise Thursday. Canada-based TC Energy said it shut down its Keystone system Wednesday night following a drop in pipeline pressure. How does oil not processed yet impact gas already bought and paid for by the gas stations? “Major pipeline” 🙄 As if most people don’t already know about the Keystone pipeline. It’s like the headline was written to get as little traction as possible. Ummm,is the nature ok? I'm guessing definitely not.
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An Oil Spill in Kansas Has Shut Down the Keystone PipelineAccording to Canada-based TC Energy, an estimated 14,000 barrels spilled into a creek. Freaking Biden This tweet was brought to you by Exxon Mobil.
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