Oil outages in Canada disrupt flows to U.S., global markets
BNN Bloomberg
A flurry of outages across western Canada’s oil patch have disrupted petroleum flows to the U.S. and global markets.
Two of Canada’s largest oil-sands upgrading facilities — Syncrude Canada and Canadian Natural Resources Ltd.’s Horizon — have faced disruptions this month, prompting supply cuts to customers. The reduced supply has led Enbridge Inc. to seek more crude for its massive Mainline system, which delivers to numerous refiners.
One of the biggest crude pipelines from Canada to the U.S. — TC Energy Corp.’s Keystone — has been hit by power outages due to ice accumulation. Flows on the conduit have rebounded from lows earlier this week. A Pembina Pipeline Corp. line that transports natural gas liquids has been isolated after a spill in Alberta, and Enbridge’s Express Pipeline from the province to Wyoming experienced problems with third-party utilities that cut rates.
