Oil shippers turn to rail amid Keystone pipeline shutdown
(Source: Bloomberg, November 7, 2019)
NEW YORK — The shutdown of one of Canada’s largest crude pipelines has shippers turning to rail to move their oil. Demand to transport crude by rail has picked up over the past week as TC Energy Corp. works to return its Keystone crude pipeline to service following a leak, according to people familiar with the matter. The line shut last week after it ruptured in Walsh County, North Dakota, and spilled more than 9,000 barrels.
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Friday, November 8, 2019
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