22 December 2022 | Other

Keystone pipeline is being tested as ordered by regulator

As it was stated yesterday by TC Energy representatives, the damaged part of the Keystone pipeline, where a leak had occurred this December, was cautiously separated from the line. This segment was taken by the corporation for metallurgical tests as ordered by the U.S. regulatory authorities.

According to the information provided by Reuters, it was also reported that TC Energy’s plan of restarting the Keystone pipeline was presented to the U.S. Pipeline and Hazardous Materials Safety Administration. The corporation introduced its plan to the regulator nearly fifteen days after the leak.

It was additionally reported that the line is still likely to be returned to operation after repairing and approval of the restarting plan by the authorities, even though dealing with the consequences of the leak might take a month or more.

Some parts of the pipeline that carry oil from Alberta, Canada, to refining plants in Illinois, were brought back to work in the previous week at reduced capacity.

Company MarketCheese
Period: 14.05.2025 Expectation: 1650 pips
Technical and fundamental background supports AUDCAD
07 May 2025 63
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Period: 08.05.2025 Expectation: 550 pips
EURUSD to drop to 1.13000
07 May 2025 50
Period: 13.05.2025 Expectation: 240 pips
Brent crude price rebound to continue up to 65
07 May 2025 52
Period: 14.05.2025 Expectation: 1000 pips
Buying GBPUSD amid trade talks and weaker dollar with target at 1.344
07 May 2025 31
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
06 May 2025 66
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
06 May 2025 67
Go to forecasts