Keystone pipeline timetable for restart unclear; traders worry about supply

A satellite image shows an overview of the crude oil spill along Mill Creek following the leak at the Keystone pipeline operated by TC Energy, in Washington County, Kansas, U.S. December 10, 2022. Satellite image 2022 Maxar Technologies/Handout via REUTERSNEW YORK, Dec 12 - Traders expressed worry on Monday about how long Canada's TC Energy Corp's

TC Energy and the county officials met briefly Monday to discuss efforts to contain and clean up the spill, a company official said. The meeting was "uneventful," lasting 13 minutes, said Dan Thalmann, owner of the Washington County News. "For the most part, there is concern in the trading community is not up yet," a U.S.-based dealer said.

Concerns over the pipeline outage shrinking supplies at Cushing, also the delivery point for West Texas Intermediate crude futures , helpedPrices for sour crude grades in the U.S. Gulf of Mexico were strengthening on Monday, as the shutdown means more demand for heavier Gulf barrels. Differentials at Magellan at East Houston and WTI Midland crude were weakening, keeping levels at Cushing stronger and exports weaker, one trader said.

Wait, I've been told Biden closed that down. What's going on?

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