Oil pipeline issues disrupt flows from Canada to US
Multiple oil pipeline outages across western Canada have disrupted petroleum flows to the US and global markets.
Bloomberg reported that two of Canada's largest oil-sands upgrading facilities - Syncrude and Canadian Natural Resources’ Horizon - have dealt with disruptions, causing supply cuts to customers that prompted Enbridge to seek more crude for its Mainline system, which delivers to several refiners.
TC Energy's Keystone pipeline was hit by power outages due to ice accumulation, Pembina Pipeline's Northern Line that transports natural gas liquids has been temporarily suspended after a spill in Alberta and Enbridge's Express Pipeline suffered problems with third-party utilities that cut rates.
Canada is a major supplier of crude to US refiners and the supply disruptions have raised prices for the low-sulphur grades produced by Canadian upgraders.
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