TC Energy ordered to cut Keystone pipeline operating pressure after spill. Read more
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Regulators on Tuesday ordered the company to reduce operating pressure along the entire Keystone system stretching from Hardisty, Canada, to Cushing, Oklahoma until further notice.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.
The new order steps up restrictions imposed on the pipeline following a 13,000-barrel oil spill in Kansas in December. Keystone had recently ramped up operating rates, with flows averaging 594,000 daily barrels so far in March compared with an average 597,000 barrels a day in November, according to Genscape data seen by Bloomberg.
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