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Emergency crews work to clean up after a leak at the Keystone pipeline, in Washington County, Kan., on Dec. 9. DRONE BASE/Reuters Six days after TC Energy’s TRP-T Keystone pipeline shut following a 14,000-barrel spill into a creek in Kansas, traders are questioning whether there is enough oil in storage in key areas if the pipeline remains closed for a number of weeks. Here is the latest data on storage inventories, and other factors affecting cash prices in Canada and the United States: Western Canadian inventories As of the week ending Dec. 2, or the week before the spill, Canadian inventories were just below 29 million barrels, according to energy consultancy Wood Mackenzie, with about 16 million barrels of spare capacity available. On Tuesday, the latest data for the week ending Dec. 9 showed inventories rose 1.4 million barrels to around 30.4 million, according to a trader. Wood Mackenzie, which sends its inventory data to clients a day or two ahead of making it widely available...

Canada’s TC Energy Corp TRP-T is resuming operations in a section of its Keystone pipeline a week after a leak of more than 14,000 barrels of oil in rural Kansas triggered the whole pipe’s shutdown. The company said in a statement on Wednesday that it had given notice to regulators and customers about the restart of pipeline sections unaffected by the incident. The segment of the pipeline where the incident occurred remains sealed off. “This restart facilitates safe transportation of the energy that customers and North Americans rely on and extends from Hardisty, Alberta, to Wood River/Patoka, Illinois,” TC Energy said. The 622,000 barrels per day (bpd) pipe has been shut since Dec. 7, when the leak was discovered. Oil sprayed nearby pastures and leaked into Mill Creek before being shut by operator TC Energy. More than 300 people are involved in the cleanup. The timeline for the full restart of the pipeline remained uncertain, and neither a root cause failure analysis nor a full rest...

Emergency crews work to clean up a leak from the Keystone pipeline, in Washington County, Kan., on Dec. 9. DRONE BASE/Reuters The oil spilled from TC Energy Corp’s ruptured Keystone pipeline was diluted bitumen, the U.S. Environmental Protection Agency (EPA) said on Thursday, adding complications to the cleanup. The 622,000 barrels per day (bpd) pipeline was shut since last week after it spilled 14,000 barrels of oil in rural Kansas, including into a creek. The parts of the pipeline carrying oil from Alberta, Canada, to refineries in Illinois opened on Wednesday, leaving the ruptured part that extends from south of Steele City, Nebraska to a storage hub in Cushing, Oklahoma closed. Bitumen from Canada’s oil sands is a dense, thick form of oil that shippers dilute with lighter oils so it can move through pipelines. The resulting product is called dilbit for short. A 2016 National Academy of Sciences study for the U.S. Department of Transportation examined whether transporting dilbit c...

Crews cleanup the area near a leak in the Keystone pipeline, in Washington County, Kan., on Dec. 9. The Associated Press TC Energy Corp. TRP-T has received regulatory approval to restart the remaining segment of the Keystone pipeline that has been shut down since suffering its worst oil spill in the pipeline’s history on Dec. 7. The Calgary-based company said Friday the U.S. Pipeline and Hazardous Materials Safety Administration has approved a restart plan for the 154-km stretch of pipeline that runs from just south of Steele City, Nebraska to Cushing, Oklahoma. The company said its restart plan will take several days and will include rigorous testing and inspections. It did not provide a date for when the entire pipeline system will be fully operational again. Immediately following the spill, which saw 14,000 barrels of oil released into a creek in Washington County, Kan., TC Energy shut down the Keystone pipeline system, which stretches 4,324 km and helps transport Canadian and U.S...

Emergency crews work to clean up after a leak at the Keystone pipeline, in Washington County, Kan., on Dec. 9. DRONE BASE/Reuters Six days after TC Energy’s TRP-T Keystone pipeline shut following a 14,000-barrel spill into a creek in Kansas, traders are questioning whether there is enough oil in storage in key areas if the pipeline remains closed for a number of weeks. Here is the latest data on storage inventories, and other factors affecting cash prices in Canada and the United States: Western Canadian inventories As of the week ending Dec. 2, or the week before the spill, Canadian inventories were just below 29 million barrels, according to energy consultancy Wood Mackenzie, with about 16 million barrels of spare capacity available. On Tuesday, the latest data for the week ending Dec. 9 showed inventories rose 1.4 million barrels to around 30.4 million, according to a trader. Wood Mackenzie, which sends its inventory data to clients a day or two ahead of making it widely available...

Canada’s TC Energy Corp TRP-T is resuming operations in a section of its Keystone pipeline a week after a leak of more than 14,000 barrels of oil in rural Kansas triggered the whole pipe’s shutdown. The company said in a statement on Wednesday that it had given notice to regulators and customers about the restart of pipeline sections unaffected by the incident. The segment of the pipeline where the incident occurred remains sealed off. “This restart facilitates safe transportation of the energy that customers and North Americans rely on and extends from Hardisty, Alberta, to Wood River/Patoka, Illinois,” TC Energy said. The 622,000 barrels per day (bpd) pipe has been shut since Dec. 7, when the leak was discovered. Oil sprayed nearby pastures and leaked into Mill Creek before being shut by operator TC Energy. More than 300 people are involved in the cleanup. The timeline for the full restart of the pipeline remained uncertain, and neither a root cause failure analysis nor a full rest...